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Market News

Location American Market News for 7 May 2020

35% Downside For DuPont Stock?

Forbes - 7 May 2020 12:30
35% Downside For DuPont Stock? Despite a 30% decline in DuPont's (NYSE: DD) stock since the beginning of the year, at the current price of around $45, we believe DuPont has a significant downside. Why is that? The key is DuPont's stock is -12% lower t...
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Turkey Blocks Foreign Banks in Attempt to Stem Currency Slide

Wall Street Journal - 7 May 2020 20:11
Citigroup, BNP Paribas and UBS are blocked from processing lira transactions as Turkey's currency hits a record low against the dollar.
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Brazilian mining company Vale is turning to a U.S. court to obtain information related to its allegations that Israeli diamond trader Beny Steinmetz made undisclosed investments in New York City real estate.
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When Small Investors Ruled the Municipal-Bond World

Wall Street Journal - 7 May 2020 11:30
Municipal-bond purchases of $100,000 or less surged in mid-March as the coronavirus crisis prompted big money managers to dump billions of dollars in bonds.
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A subsidiary of Bloomberg LP agreed to pay $5 million to settle regulatory claims that it executed some clients' stock trades in a way inconsistent with its customer disclosures.
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The Case For Cryptocurrency: Why Even The Most Cynical Bitcoin Bear Should Consider Investing And How To Get Started The bullish case for cryptocurrency. Why every investor should consider adding even a small allocation to their investment portfolio.
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Bitcoin Flirts With $10,000 As Crypto Extends Gains Bitcoin has been trading very close to $10,000. When will it break through this key level?
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Here's Why Elon Musk And Grimes' Unconventional Baby Name Will Probably Be Rejected By The State Of California Could X Æ A-12 spark legal drama? Plus, a history of baby name battles.
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Two-Year Treasury Yield Now at Record Low

Wall Street Journal - 7 May 2020 21:34
The yield on the two-year Treasury settled at a record low after data showed the continuing hit to the U.S. labor market from the pandemic shutdowns.
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Is This What The Housing Market Will Look Like In Three Weeks? Speculation on whether the property industry would be among the first to benefit from a relaxation of the lockdown increased this week with the reveal that the housing minister had been speaking with the sales industry a...
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Buy Volatility: Rate Yourself Against Nasdaq 100 If referencing the market against the Dow Jones Industrials, you're obsolete, living in the dark ages of the 1950s, when technology as a market sector was insignificant. Let's leave the Dow Jones to broadcasters with blo...
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EU's China Ambassador Looks To Mediate U.S.-China 'Divorce' Europe has been mum on the Wuhan lab leak. A top diplomat says China should cooperate more than it has.
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Social-media usage is raging, but will it crash when real-life invitations start flooding back in?
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Those Stimulus Checks To The Dead And Incarcerated? The IRS Wants Its Money Back. Under the $2.2 trillion CARES Act, the federal government has sent millions of dollars in direct payments to Americans, and in some cases, it's asking for the money back.
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America's Jobs Crisis Enters Second Phase

Wall Street Journal - 7 May 2020 17:46
The first wave of job losses from the coronavirus crisis has been horrible. The second wave could be nearly as damaging.
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Natural Gas Swings After Rise in Stockpiles

Wall Street Journal - 7 May 2020 17:29
Natural-gas prices swung between small gains and losses, pausing a recent recovery after weekly inventory figures showed a larger-than-expected increase last week.
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In A Surprise, Hong Kong Stock Exchange Announces Chief Executive's Departure Plan "Wisdom, rationale, and reason will ultimately prevail" in Hong Kong, HKEX Chief Exchange Charles Li said in a recent interview with Forbes China.
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The Defense Haven Isn't Overcrowded Yet

Wall Street Journal - 7 May 2020 16:36
The Covid-19 crisis highlights the attractiveness of defense contractors, but unwarranted fears about the U.S. government's borrowing capacity are still holding back valuations.
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Food Inflation Arrives: Expect To Pay More For The Meat You Buy "...the unimaginable in America: low meat availability and higher prices."
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Oil Adding Fuel To Market Thursday, But Jobless Claims Rise Ahead Of Friday Payrolls A profit-taking pullback in crude seems to be short-lived as export data out of China helped give markets a lift in the early going. But tomorrow's Labor Dept. Report is expected to show a hefty spike in unemployment.
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John Malone Takes Another Step Back From Europe

Wall Street Journal - 7 May 2020 15:30
Thursday's U.K. megamerger answered one longstanding question concerning the European empire of cable billionaire John Malone. Other questions loom larger than ever.
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Bud's Owner Buys Some Time for Debt Hangover

Wall Street Journal - 7 May 2020 15:20
Beer sales in the U.S. were better than expected in the first quarter and China improved in April. AB InBev may avoid drastic action to tackle its borrowings for now.
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