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Market News

Location American Market News for 22 April 2020
The Terrible 10: Low-Priced, NYSE-Listed Speculations The fallout from the pandemic has led to record levels of unemployment, market halts and an overwhelming economic crisis that is likely only in its early phases, explains Faris Sleem, editor of The Bowser Report.
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Another Small Business Headache: Some Employees Are Asking To Be Laid Off Thanks To Higher Unemployment Benefits Unemployment payments can top some workers' regular earnings.
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In the normal course of events oil gets pumped out of the ground and put into a complex supply chain consisting of pipelines, tanks, tanker ships, refineries, more tanks, tank trucks and underground tanks at your gas sta...
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Watch Italy, France Roll Over In EU's 'Austerity For Aid' Coronavirus Relief Deal The parable of the grasshopper and the ant will play out in the EU relief program, up for discussion on Thursday.
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What Is Warren Buffett Up To? Berkshire Swooped In During 2008 But What's Its Powerplay For 2020? Now that markets have dropped, what's Buffett's next move?
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Carnitas, Tiger King And Direct Deposit: This Ain't 1930 Since the coronavirus hit U. S. shores there has been relentless speculation over just how much the global economy will collapse.
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Symphony Offers Zoom-Like Information Sharing, But With Top-Level Security Symphony, a collaboration platform for financial services, plans to launch a fully end-to-end encrypted platform with recording that can support multi-person meetings in June.
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How Oil Markets Work, And Why Prices Fell Below Zero

Wall Street Journal - 22 Apr 2020 21:03
The price of the world's most important commodity this week fell below zero for the first time. Here are answers to all your questions on how that could happen.
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A Plummeting Share Price And Upcoming Reverse Split Show That USO Has Outlived Its Usefulness Twitter-style language is appropriate as crude prices across the futures curve rise in Wednesday's trading, but the price of the U. S. Oil ETF, USO, is falling again.
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OPEC Birthed A Mangy Camel

Forbes - 22 Apr 2020 20:15
OPEC Birthed A Mangy Camel The market ain't Matisse's "The Goldfish Bowl," a canvas of tranquil beauty. Rather, a bunch of geopolitically obtuse OPEC functionaries turned their backs on reality and created a setting of roiling deflation that could...
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Another Tweet From Donald Trump, Another Unfounded Oil Rally That Won't Last The U.S. President threatens Iran and a crude oil market clutching at straws registers price spike of over 20%.
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Demand For Telehealth Services Amid Pandemic Just What The Doctor Ordered For Investors Telehealth, once a slow but steady growth industry, is booming as the coronavirus pandemic has increased patient demand and regulatory support -- and many providers will require funding to sustain momentum.
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Here are answers to some of the most common questions about the future of the Paycheck Protection Program and alternative financing.
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Texas Instruments Bets Big on Shelf Life

Wall Street Journal - 22 Apr 2020 19:20
For a conservative company, Texas Instruments is making a relatively bold gambit in the midst of the pandemic. It is one of the few chip companies that can afford to do so.
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For Insurers, Coronavirus Is a Curious Catastrophe

Wall Street Journal - 22 Apr 2020 19:17
So far, Covid-19's impact on insurance companies' earnings has been more than manageable. That could grow, but by how much remains unknown.
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Cuomo: Coronavirus Relief Bill 'Is Not Enough,' States Need Funding The New York governor again called for more funding to states, which have struggled with the economic impact from coronavirus.
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Poor Countries Don't Have What It Takes To Face This Economic Crisis While the fallacy of having to choose between the economy and the public health emergency appears to have been laid to rest, it is imperative that the Fernández administration and the opposition continue to work togethe...
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Why Is Market Up? Because Nearly 80% Think The Pandemic Is A Buy This is what investors and financial advisors are thinking about the market as it recovers from the coronavirus.
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An Earth Day Unlike Any Other

Wall Street Journal - 22 Apr 2020 17:53
This year, thanks to widespread social distancing in the U.S., Mother Nature is getting a day off.
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Argentina's Coronavirus Default Dance

Forbes - 22 Apr 2020 17:34
Argentina's Coronavirus Default Dance Does it make sense to enter into a tough sovereign debt restructuring negotiation with the wolves of Wall Street in the midst of the global coronavirus pandemic?
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The Federal Reserve will lend $2.3 trillion to support the economy, including loans to businesses and backstops for corporate borrowing. Even with that much money to spend, the Fed won't touch some formerly hot areas of ...
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Airlines Have Secured Cash but Not Their Future

Wall Street Journal - 22 Apr 2020 16:32
Carriers are successfully building up cash buffers and face lower fuel costs, but none of this will make up for years of depressed travel demand.
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