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Location American Market News for 20 March 2020
Online Education Becomes Teacher's Pet In COVID-19 Crisis Online education curriculum tools and the infrastructure to communicate with students remotely are playing a critical role in keeping students connected amid school closures due to the coronavirus.
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Hedge Funds Hit by Losses in 'Basis Trade'

Wall Street Journal - 20 Mar 2020 01:40
A wide swath of hedge funds was hit by the recent unwinding of the so-called basis trade last week.
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Coronavirus Stimulus: That $1,200 Check And Two Other Numbers That Will Affect Your Wallet All eyes are on Trump's economic stimulus plan.
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Stocking Our Pandemic Pantries: Heroics From Walmart, Target, Costco, Kroger, And Others This global pandemic has shown us the creative capabilities of some of our leading retailers in a time of darkness, fear and confusion. Kudos to the front liners who have met the match.
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Analysts now project U.S. growth could shrink at rates far worse than the 2008 global recession, ending weeks of cautious optimism about the economy's ability to withstand the fallout from the coronavirus.
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Staring At $20 Oil Prices, Exploration And Oilfield Services Firms Prepare To Facing the unknown, many firms across the oil and gas sector have already bunkered up and given up on the current trading year.
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Coronavirus Impact: 62% Of Americans Want Border Closed President Trump got his wall, an invisible one, but a wall nonetheless. Most Americans think it's needed at this time.
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The CARES Act Would Suspend TCJA Tax Loss Limitations Congress should proceed with new legislation like the "Coronavirus Aid, Relief, and Economic Security Act," or "CARES Act," to provide additional tax relief, beyond the Treasury Department moving the April 15 tax deadlin...
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As The Euro Zone Economy Creaks A Financial Heave Ho From Von Der Leyen These have sought to ensure a level playing field and a viable economy built on a platform of sound money.
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Airbnb Inc. is considering raising capital from new investors, as the home-sharing giant wrestles with escalating losses due to the devastating impact of the coronavirus pandemic on its global business, according to peop...
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2008 Vs. 2020: A Warning To The Greedy

Forbes - 20 Mar 2020 18:57
2008 Vs. 2020: A Warning To The Greedy During the historic events and financial chaos of the past month, I realized something that should have been obvious.
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Trump Temporarily Suspends Payments On Federal Student Loans Loan payments will be suspended for at least the next 60 days.
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Unemployment Headed For 40-Year High--And Trump Reportedly Tells States Not To Release Data The U.S. is bracing for millions of job losses.
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Oil Prices Set for Large Weekly Decline

Wall Street Journal - 20 Mar 2020 17:55
Crude prices were on track for another large weekly decline, with Saudi Arabia and Russia locked in a price war while the coronavirus wreaks havoc on oil demand around the world.
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The Panic of 2020? Oh, I Made a Ton of Money---and So Did You

Wall Street Journal - 20 Mar 2020 17:52
Hindsight bias suggests that one day you'll look back on all of this and... lie.
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EBay Is Oversold

Forbes - 20 Mar 2020 17:50
EBay Is Oversold But making eBay an even more interesting and timely stock to look at, is the fact that in trading on Friday, shares of EBAY entered into oversold territory, changing hands as low as $27.87 per share.
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[Daily Update] Forecasting U.S. COVID-19 Cases With Cross-Country Comparisons Trefis added a comparison between South Korea and Germany. If the United States were to track the path of South Korea, it would mean about 61000 cases in the country. In comparison, if the United States tracks Germany, t...
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It's Official: IRS Delays Tax Filing Deadline To July 15, Mnuchin Says "All taxpayers and businesses will have this additional time to file and make payments without interest or penalties."
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Europe's Economy Could Shrink By A Record-Breaking 15% In The Second Quarter, Report Says There could be an epic recession
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Contrary To Popular Belief, Bitcoin Isn't Consistently Correlated To Anything Bitcoin has seen varied arguments suggesting or refuting correlations to traditional markets. Available data shows no firm answer, as bitcoin's correlation seems to change with the wind, while a number of experts have va...
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Coca-Cola on Friday said that it does not expect to meet its financial outlook for 2020 due to the impact of the coronavirus pandemic.
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The department store chain announced Friday morning that it is not providing an updated outlook at this time.
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