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Market News

Location American Market News for 27 April 2020
Chinese Regulators Target Luckin Coffee After Fabricating Sales Luckin Coffee said China's market regulators are looking into its operations, and the company is assisting with their work.
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'Frac Holiday' Means Prolonged Pain for Oil Industry

Wall Street Journal - 27 Apr 2020 19:57
Last week energy speculators got roasted by the plunge in U.S. oil futures prices to negative $40 a barrel as they were forced to take a loss rather than accept physical delivery. Those in the industry already were aware...
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Six Reasons Active Funds Have Failed To Capitalise On Market Weakness Active funds are supposed to make hay in volatile markets, but it hasn't happened yet. What has gone wrong?
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Italian Bonds Rally After Country Avoids Rating Downgrade

Wall Street Journal - 27 Apr 2020 16:17
Italian government bonds rallied after S&P Global left the country's sovereign credit rating at two levels above high-yield status, offering a respite to investors who have grown increasingly concerned about how the nati...
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What To Expect From Buffett At Berkshire's Upcoming Meeting The Berkshire Shareholders' Meeting is scheduled for May 2, what should investors expect?
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The German bank said late Sunday that it will beat analyst expectations and report a first-quarter profit as higher revenue and lower expenses have helped it offset a €500 million charge it is taking for credit losses ...
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Round Two Of The Paycheck Protection Program Is 'More Frustrating' Than First Time The embattled emergency loan program for small businesses experienced glitches and delays just minutes after it resumed taking applications on Monday morning.
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How COVID-19 Will Change Finance: The Fed's intervention to support the market worked. The ECB's intervention did not. But why not? The situations are parallel. If the idea worked for Ford, why didn't it work for Italy?
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Microsoft's Three-Pronged Pincer: Business, Cloud, And Home Last quarter, Microsoft's (MSFT) solid earnings results helped kick off a sharp rally in the stock. Part of this rise had to do with MSFT's guidance, which was better than many analysts had expected.
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Overwhelming Majority Say Time To 'Decouple' From China Across party lines, Americans want out of China. Democrats only group that wants in the most, but are still in favor of decoupling.
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Williams Shares Cross 9% Yield Mark

Forbes - 27 Apr 2020 21:13
Williams Shares Cross 9% Yield Mark In trading on Monday, shares of Williams were yielding above the 9% mark based on its quarterly dividend (annualized to $1.6), with the stock changing hands as low as $17.77 on the day.
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Is Value Investing Dead? Value ETFs Beg To Differ Strong fund flows into Value ETFs suggest the demise of value investing is overdone. We take a look at some of the top-performing Value ETFs in CY2020.
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NYC Will Close 40 Miles Of Streets For Recreation During Social Distancing It's the city's second attempt at shutting down car traffic during the pandemic.
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Tiffany Stock Has Done Remarkably Well Over Recent Weeks, But Don't Expect Much Going Forward Tiffany's stock has remained extremely buoyant over recent weeks despite the sell-off seen across industries. The trend seems to defy logic, considering the impact that the outbreak and a broader economic slowdown are li...
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Seeking Free Cash Flow? Gold And Precious Metal Miners Have Got You Covered With more than 26 million people applying for unemployment benefits in the past month and a half, many S&P 500 stocks' revenue will dry up. Gold stocks should shine, by comparison, and I predict we'll see new buyers who ...
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The Paycheck Protection Program Is Up And Running Again After Weeks Of Controversy--Here's What You Need To Know Experts are already warning that the extra $310 billion in funding won't be enough.
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The Diverging Fortunes of France's State-Backed Car Makers

Wall Street Journal - 27 Apr 2020 16:30
Investors are relieved that Renault will take up a guaranteed loan from the French government, but doubts may follow. It is revealing that France's other car maker, Peugeot, turned down a similar offer.
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Bitcoin Markets Hide Vast Risk-Free Profits, Study Shows Arbitrage opportunities totaling hundreds of millions of dollars abound in the Bitcoin markets. new research shows.
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'Precipitous' Decline In Hemp And Cannabis M&A Continuing Amid COVID-19 Pandemic As the coronavirus pandemic ravages the U.S. economy, the M&A market for hemp and cannabis has continued to decline drastically with bankruptcies accelerating.
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A Short Step on Deutsche Bank's Long Road

Wall Street Journal - 27 Apr 2020 15:30
So far, the Covid crisis isn't proving an insurmountable obstacle on Deutsche Bank's road to redemption.
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Apple And Amazon, Fed Meeting, State Reopenings All In Focus As Busy Week Begins This week arguably has it all, with earnings from some of the most closely watched companies and a Fed meeting. The focus this morning is on news of economies planning to reopen in Europe and in some U.S. states, which s...
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Here's Why Foot Locker's Stock Could Rebound 40% Post COVID-19 Comparing the trend in Foot Locker's (NYSE: FL) stock over recent months with its trajectory during and after the Great Recession of 2008, we believe that the stock can potentially gain 40% once fears surrounding the cor...
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