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Market News

Location American Market News for 12 March 2020

Buffett and Occidental: We've Seen This Movie Before

Wall Street Journal - 12 Mar 2020 12:30
Occidental boss Vicki Hollub's hubris delivered a rich payday to Warren Buffet's Berkshire Hathaway in an echo of its deal with Dow Chemical in the financial crisis.
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A Guarded Generation: How Millennials View Money and Investing

Wall Street Journal - 12 Mar 2020 06:05
The Great Recession and college costs have left young adults loaded with debt and cynical about the markets.
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Fed Injects $1.5 Trillion To Prop Up Crashing Markets It's the third time in four days the Fed has intervened in the repo market.
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Global Markets Fall as U.S. Introduces Travel Restrictions

Wall Street Journal - 12 Mar 2020 04:34
U.S. futures and global stock markets dropped, after U.S. President Trump announced a 30-day ban on Europeans traveling into the U.S., the latest sign of how seriously the novel coronavirus is disrupting everyday activit...
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2020 Bear Market Demystified in Bullet Points 2020 Bear Market is the largest since 2008. Today stocks plunged even as Central Banks stepped in. The S&P 500 shed 10% falling into Bear Market and bringing the total decline to 26% since January. The cause is twofold: ...
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China And South Korea Models Seem Like Only Way To Contain COVID-19 How to cut the tail off of the new, deadly coronavirus? China and South Korea show the way.
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Gap earlier this month said it was tapping its Old Navy chief, Sonia Syngal, to be CEO, effective March 23.
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Vanishing liquidity, failure of diversification and market crashes. A story being replayed all over again.
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Selling Picks Up In Worst Day Since 1987 As Fear Continues To Drive Markets Lower When people are worried and uncertain, they tend to sell. That's what's happening, and today might end up going down as the "washout" day of this downturn, where some of the selling was without as much rhyme or reason. T...
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Morningstar: Why Is Everyone So Worried?

Wall Street Journal - 12 Mar 2020 21:58
The mutual-fund research firm thinks we are overreacting to coronavirus but projects for large number of deaths.
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Bitcoin Falls Sharply as Crypto Gets Caught in Global Selloff

Wall Street Journal - 12 Mar 2020 21:51
Bitcoin was trading at $7,340 around 6 a.m. ET. About 45 minutes later, it bottomed out at $5,678, a loss of nearly 23%.
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Meet The Investor Who Is Up 62% Amid The Coronavirus Chaos In 2007, Loïc Féry's career was upended by a $350 million bombshell on trading group he oversaw. Now heading his own $5.5 billion in assets firm, Fery has a fund that's up 62% net of fees amid the chaos of 2020.
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Meet The Comeback Investor Who Is Up 62% Amid The Coronavirus Chaos In 2007, Loïc Féry's career was upended by a $350 million bombshell on the trading desk he oversaw. Now heading his own $5.5 billion in assets firm, Fery has a fund that's up 62% net of fees amid the chaos of 2020.
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The coronavirus continued to send shock waves through debt markets, prompting sharp swings in Treasury yields and more selling in corporate bonds.
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In a Coronavirus Recession, Corporate Leverage Looks Scarier

Wall Street Journal - 12 Mar 2020 20:08
Measures around the world to combat the coronavirus raise the possibility of a sharp, prolonged drop in profits for U.S. companies--and that makes it hard to repay debt.
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Will Christine Lagarde Do Whatever It Takes?

Wall Street Journal - 12 Mar 2020 19:33
Perhaps every global crisis is destined to be punctuated by the head of the European Central Bank making a big policy blunder. If so, Christine Lagarde just came very close to hers.
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Bitcoin Plummets Nearly 30% In A Matter Of Hours Bitcoin prices have plunged lately, but they may have found support. Will the cryptocurrency rebound soon?
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James Dimon Released From Hospital Following Heart Surgery

Wall Street Journal - 12 Mar 2020 19:11
JPMorgan's chief executive is recovering at home a week after emergency surgery and is "looking forward to reengaging with our team soon," the bank said.
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A Potential Nightmare for the Magic Kingdom

Wall Street Journal - 12 Mar 2020 18:51
Disney shares have fared better than many travel-sensitive stocks, which leaves open the possibility for further declines if more drastic actions are taken, like closure of its U.S. parks, to contain the coronavirus pand...
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Coronavirus Impact: China Not Fully Functional High frequency data shows workers have not returned yet.
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How To Be A Stakeholder-Driven Company In A Pandemic This is the moment for companies to put stakeholder capitalism into practice - to demonstrate their commitment to an American public that is increasingly skeptical about promises.
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Even Gold Takes a Beating as Broad Market Rout Intensifies

Wall Street Journal - 12 Mar 2020 17:20
Gold prices fell sharply, a worrisome development for some analysts who are concerned that investors are being forced to sell many assets to raise cash.
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