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Market News

Location American Market News for 2 May 2020
Berkshire's first-quarter net loss totaled $49.75 billion. A year earlier, net earnings totaled $21.66 billion.
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Student Loan Forgiveness Benefits These Members Of Congress Members of Congress owe millions in student loan debt.
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Here are seven major companies whose stocks moved on the week's news.
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Berkshire Hathaway's annual meeting kicked off Saturday with Warren Buffett offering reassurance that the U.S. economy will recover steadily from the coronavirus pandemic.
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'Taking Action Earlier' Could Have Delayed U.S. Outbreak, Says CDC's No. 2 Official The U.S. was critically late in blocking "extensive travel from Europe" back in February.
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One Key Reason Why The S&P 500 Doesn't Fully Reflect The Economic Crisis The relative winners from this crisis are overweighted in the S&P 500 and that's why the index isn't down as much as many expect.
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Large-Cap ETFs Point To Negative fund flows out of the top ETFs by assets under management (AUM) point to potential dangers to current stocks valuations.
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An Impressive April, Followed By Sell In May For US Stocks? After a sharp rebound in valuations in April, are stocks ready to continue the rally into May?
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New York Coronavirus Hospitalizations Hit Lowest Level In Over A Month Cuomo wants to see the rate of new infections fall even further.
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Stocks May Have Hit A Ceiling

Forbes - 2 May 2020 17:25
Stocks May Have Hit A Ceiling Stocks had a great April, but it will be challenging for them to continue to rally. Earnings estimates continue to drop and current valuation multiples were last seen in late 2001.
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Travel Isn't the Ticket for Amazon's Cloud

Wall Street Journal - 2 May 2020 16:30
The AWS customers Airbnb and Lyft have been hit hard and may have contributed to Amazon's disappointing cloud growth.
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Berkshire Hathaway Lost $50 Billion Last Quarter As Warren Buffett's Investments Took A Hit From Coronavirus Operating profits rose, even as the company posted a record loss last quarter.
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Berkshire Hathaway swung to a first-quarter loss as the selloff in markets hit the company's vast investments, though the company's operating earnings rose in the quarter.
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Some States Offer Insured Versions of '529' Plans

Wall Street Journal - 2 May 2020 15:00
Investment options offered in some 529 education-savings plans are backed by federal guarantees against loss, up to certain limits.
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How to Tap a Retirement Account in a Crisis

Wall Street Journal - 2 May 2020 15:00
The Cares Act makes it easier to access your retirement savings if you're struggling due to Covid-19. Here's how to do it smartly.
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Community QE2: Newly Eased Terms and a New Game Plan For Use Within fewer than three weeks the Fed has already further eased the conditions on access to its new Municipal Liquidity Facility. Here is an updated 'game plan' for use of the updated facility.
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