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Market News

Location American Market News for 25 March 2020
Cuomo: New York's Density Control Plan Is Working, Hospitalization Rate Is Slowing "This is a very good sign and a positive sign," Cuomo said.
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The Securities and Exchange Commission prevailed in a key stage of its cryptocurrency enforcement crackdown, as a federal judge issued an injunction halting Telegram Group from distributing its digital coins.
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Hedge Funds That Cashed In When Oil Prices Cratered

Wall Street Journal - 25 Mar 2020 16:07
The crash in oil prices this month has been a brutal comeuppance for the energy world. But it has also generated profits for a handful of niche hedge-fund managers.
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Coronavirus Layoffs: Compass, Endeavor Latest To Dismiss Workers Amid Pandemic Jet engine workers, startup employees and theater workers, among others, have been impacted so far.
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Stock Market Rally Simmers As GOP Senators And Senator Bernie Sanders Battle Over Coronavirus Stimulus Bill The Dow was up 2% and the S&P 500 1%.
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4 Popular Dividends Are About To Be Slashed. Do You Own Them? Nearly every retirement portfolio on the planet is reeling from the coronavirus fallout.
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Long-Term Technical Trouble Sounds For AOBC

Forbes - 25 Mar 2020 21:36
Long-Term Technical Trouble Sounds For AOBC A long-term bear signal just flashed for American Outdoor Brands (AOBC)
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India Is The Asian Blindspot In The Coronavirus Pandemic A nation of 1.3 billion has stopped today. No trains. No planes. Few cars.
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Beware These Coronavirus Scams

Forbes - 25 Mar 2020 21:03
Beware These Coronavirus Scams Coronavirus scams are on the rise. Here's how to protect yourself.
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Cuomo Slams $2 Trillion Coronavirus Stimulus Bill, Calling It 'Terrible' For New York "We need more help than this bill gives us," Cuomo said.
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RBC Seeks Fire-Sale Buyers for Seized Mortgage Debt

Wall Street Journal - 25 Mar 2020 20:36
Canada's largest bank by assets is moving to protect itself as pain spreads through the mortgage market.
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Business giants including Nike, McDonald's and Pfizer were among those poised to sell bonds Wednesday, following in the footsteps of Comcast and Mastercard a day earlier
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Recovery From The Our macro take on the $2 trillion emergency stimulus plan and its impact on leading macro ETFs like SPY, SLV, IWM, GDX and more.
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Investors Are Warming to Natural Gas

Wall Street Journal - 25 Mar 2020 20:04
Traders are backing off their bearish bets on natural-gas prices, stock buyers are flocking to the beaten-down shares of Appalachian producers and analysts are forecasting short supplies of the fuel next year unless thos...
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Wall Street Way Too Bullish On China

Forbes - 25 Mar 2020 19:59
Wall Street Way Too Bullish On China China's main customers: sick and scared of catching the new SARS coronavirus.
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Negative Rates Have Arrived. Here's What That Means For Investors. Yields on one-month and three-month T bills dipped below zero on Wednesday for the first time in more than four years.
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Why $2 Trillion Could Be Just the Start

Wall Street Journal - 25 Mar 2020 18:45
If federal stimulus isn't distributed quickly enough, or if the fear of coronavirus infection drags on too long, even the mammoth $2 trillion government package may not be enough to avoid huge job losses.
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Things Are Going To Change. Here's What We Should Do In the aftermath of the coronavirus, we face the strong possibility of a deflationary depression. We cannot allow that to happen.
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Groceries After the Age of Coronavirus

Wall Street Journal - 25 Mar 2020 17:39
Investors should be cautious about snapping up makers of consumer staples that have fared well during the coronavirus pandemic, and focus on the accelerating trend of online ordering that is a double-edged sword.
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States, Local Governments Would Get $150 Billion From $2 Trillion Stimulus Bill, Schumer Says "America needs huge help quickly," Chuck Schumer, D-NY, told CNN on Wednesday morning.
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PG&E: Some Good News For Troubled Times

Forbes - 25 Mar 2020 17:22
PG&E: Some Good News For Troubled Times Earlier this month, the buyout of the former Pattern Energy appeared headed for failure. Then came the COVID-19 market crash and opposition evaporated overnight. On March 10, shareholders overwhelmingly voted yes to $26....
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The U.S. plans to press Saudi Arabia to restrain its scheduled oil production boost by leveraging the kingdom's status as head of the G-20, according to people familiar with the matter.
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