Market News
The New Tax Deadline: Pay by July 15
Wall Street Journal - 19 Mar 2020 02:14
In a historic move, the Internal Revenue Service has pushed the April 15 tax-payment deadline to July 15 this year for many people who haven't paid their 2019 taxes.
Bitcoin Rally Leaves Stocks In The Dust
Forbes - 19 Mar 2020 22:38
Bitcoin blew past stocks today, failing to correlate with equities. Has bitcoin returned to its trend of being an uncorrelated asset?
In Brazil, The Crisis Begins Again
Forbes - 19 Mar 2020 22:23
Brazil is taking measures to stop the spreading of the coronavirus, first brought to the country by locals returning from Italy. Will it be enough? Market doubts it.
Stock Market Matches Previous Panic Selloffs, And That's Good News
Forbes - 19 Mar 2020 21:55
How does this 30% plummet in four weeks compare to past panic selloffs?
Oil Bounces Back Up 24% After Trump Says He Would Consider Intervening In Price War
Forbes - 19 Mar 2020 21:33
Oil rebounded from its lowest level in 18 years.
Oil Posts Biggest One-Day Percentage Gain on Record
Wall Street Journal - 19 Mar 2020 21:27
U.S. oil prices rebounded from their lowest level in 18 years with their largest one-day percentage gain on record, extending a recent period of turbulent moves.
Gray Television Withdraw Bid For Tegna
Forbes - 19 Mar 2020 20:51
Later on the same day, Phoenix based private equity firm, Najafi Companies and arguably the world's largest faith-based religious broadcaster, Trinity Broadcasting Network made a joint bid for TGNA.
Trump Supports Banning Stock Buybacks For Companies Receiving Coronavirus Aid--Here's What That Means
Forbes - 19 Mar 2020 19:09
Stock buybacks let companies consolidate ownership, beef up share prices, and appear more attractive to investors.
Three Months Later, China Not Fully Recovered As Pandemic Crushes Economy
Forbes - 19 Mar 2020 18:49
First-quarter GDP contracting worse than expected. High-frequency data on China's return to work.
Shutting Markets Isn't the Solution to What's Wrong
Wall Street Journal - 19 Mar 2020 18:38
Look at what a stock market is for, and it is easy to conclude that given the chaos, they should just be shut down now. Some big fund managers have already told regulators exactly that. Yet, markets should stay open.
Coronavirus Is Not An Emergency. It's A War.
Forbes - 19 Mar 2020 18:32
Without radical action (some of which is already happening, some places, but not enough), this pandemic could cost many lives and potentially launch an economic depression. I am not exaggerating when I say this. I really...
Companies Are Suspending Dividends Because of the Coronavirus
Wall Street Journal - 19 Mar 2020 18:07
Funding strains and sliding sales are forcing a growing number of companies to slash or suspend their dividend payouts.
The Job Shock Begins
Wall Street Journal - 19 Mar 2020 17:26
Measures to combat the spread of the new coronavirus are already taking a heavy toll on the job market.
ECB Provides Some Relief for Troubled Lenders. Will It Be Enough?
Wall Street Journal - 19 Mar 2020 17:06
The European Central Bank's massive bond-buying program brought some relief to Italian lenders and the rest of the continent's battered banking sector. But with the coronavirus pandemic wreaking havoc across the global e...
Stress on Italian Bonds Eases After ECB Emergency Action
Wall Street Journal - 19 Mar 2020 16:41
Yields on strained Italian government bonds fell in response to the European Central Bank's emergency stimulus plan, partially filling in a dangerous fault line in the region's financial markets.
Fed's Repo Operations See Light Response Amid Upward Rate Pressure
Wall Street Journal - 19 Mar 2020 16:32
The Fed implemented two repurchase agreement operations that saw demand well short of the loans the central bank was willing to extend.
Stocks Remain Volatile As Markets Rebound After ECB Stimulus And More Fed Intervention
Forbes - 19 Mar 2020 16:27
The market has lost nearly all the gains it made since President Trump took office.
The Next Coronavirus Financial Crisis: Record Piles of Risky Corporate Debt
Wall Street Journal - 19 Mar 2020 16:25
A fast-growing market in junk-rated leveraged loans is showing severe strains, a sign of a looming credit crunch that could stifle future economic growth.
What Price Collapse? U.S. Producers Keep Pumping
Wall Street Journal - 19 Mar 2020 16:20
U.S. energy producers responded to one of the worst weeks ever for oil prices by pumping as much crude from the ground as they ever have before.
People Confined for a Pandemic Can't Get Enough of Pandemics
Wall Street Journal - 19 Mar 2020 16:00
The Netflix documentary series 'Pandemic' and the board game of the same name both seem to be surging in popularity.
Why Isn't Charles Schwab's Stock Benefiting From The Spike In Trading Volumes?
Forbes - 19 Mar 2020 15:55
Although average daily trades have increased considerably over the same period due to higher trading activity, the elimination of trading commissions late last year means that Schwab's revenues aren't going to benefit di...
No Respite: Volatility Continues Amid Global Stimulus Efforts
Forbes - 19 Mar 2020 15:39
Volatility isn't going anywhere after a very choppy overnight session that saw futures move in an extremely wide range. On the bright side, crude is up a bit this morning and Accenture beat the Street's earnings estimate...