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Market News

Location American Market News for 5 March 2020

Goldman Unit in Talks to Buy a Stake in Permira

Wall Street Journal - 5 Mar 2020 20:38
A unit of Goldman Sachs is in talks to buy a stake in Permira, in a deal that would value the private-equity firm at more than $5 billion.
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The proposal seeks to further ease rules for measures such as crowdfunding, which was supposed to make it cheaper and easier for small companies to raise limited pools of capital online
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Blackstone Overtakes Goldman Sachs And Morgan Stanley Amid The Coronavirus Chaos Blackstone Group, co-founded by billionaire Stephen Schwarzman, overtook Goldman Sachs in market value, capping an epic regime change on Wall Street.
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Stocks to Watch: Zoom Video, United Airlines

Wall Street Journal - 5 Mar 2020 12:12
Zoom Video, Campbell Soup, United Airlines and Brown-Forman are among the companies with shares expected to trade actively in Thursday's session.
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Defense On Field, Offense On Bench: Risk-Off Sentiment Rushes Back As Virus Cases Weigh It was another ugly, ugly day due to the coronavirus. Once again, the defense is on the field and the offense is on the bench as investors appear to be moving into a risk-off position for now.
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Here's Why You Shouldn't Panic Over China's Factory Slowdown A huge factor in understanding why the coronavirus has been so impactful is China's size today relative to its size during the financial crisis. It only makes sense--the bigger the economy, the bigger the effect.
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NU Skin Enterprises Breaks Above 6% Yield Territory In trading on Thursday, shares of NU Skin Enterprises, Inc. (NYSE:NUS) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.5), with the stock changing hands as low as $24.34 on the day.
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5 Ways To Adjust Your Retirement Planning Annually Markets go up and down, and if you're in your 50s or 60s, you still likely have years ahead of working and earning an income.
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Europe Is Long on Worry but Short of the Safest Type of Bonds

Wall Street Journal - 5 Mar 2020 20:32
Demand for Germany's 'bunds' is soaring, sending the yield down faster than for other European governments' debt, amid worry about the coronavirus's effects.
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Oil Prices Waver After OPEC Agrees to Cut Output

Wall Street Journal - 5 Mar 2020 19:52
The cartel opted to curb production among member nations by 1 million barrels a day in response to reduced demand owing to the coronavirus epidemic.
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The Email Is the Message for Wall Street

Wall Street Journal - 5 Mar 2020 19:50
Monday's huge stock-price surge apparently produced an even bigger leap in email sent by Wall Street salespeople and traders to their clients.
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OPEC Agrees to Drastic Oil Cuts Ahead of Russia Talks

Wall Street Journal - 5 Mar 2020 19:42
OPEC reached a preliminary agreement to cut crude output by 1 million barrels a day to support oil prices, as it seeks to persuade Russia to join its response to the coronavirus outbreak.
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Daily Dividend Report: General Dynamics, Hess, Verizon Communications, Amgen, Philip Morris
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OPEC: From Russia Without Love

Wall Street Journal - 5 Mar 2020 18:46
A cut from the cartel may be too little to stave off a further oil-price collapse, and Saudi Arabia will suffer more than most.
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Hunger for Safe Assets Pulls Down Treasury Yields

Wall Street Journal - 5 Mar 2020 18:20
Treasury yields fell again Thursday, pulled down by investors' appetite for safe assets and wagers that the Federal Reserve will take further action to counter the economic impact of the novel coronavirus.
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Why Does Everyone Suddenly Want A Free Trade Deal With Georgia? Foreign policy think tanks in DC think Trump should sign a free trade agreement with this small nation on the Black Sea. Why?
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The fallout from the coronavirus epidemic is threatening to weigh on advertising agencies and media companies' operations as the disruption to the global economy from travel bans and quarantines spreads further afield.
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Major banks' demand for short-term cash from the Federal Reserve remained strong, although there was some softening in the appetite for overnight loans.
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Should the virus spread in the U.S. as it is spreading in Italy, U.S. earnings could see similar declines.
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Fidelity SAI U.S. Quality Index Fund's Methodology Finds Good Stocks This week I feature a fund that successfully executes a superior stock-picking methodology.
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This year is shaping up to be the toughest for manufacturers since 2009 as the epidemic hits auto sales while they're down.
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Regardless of how long the economic disruption caused by the Covid-19 outbreak turns out to last, with British regional airline Flybe it has already tipped at least one troubled company over the edge.
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