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Market News

Location American Market News for 21 May 2020

A New 40% Rule for Grimmer Times

Wall Street Journal - 21 May 2020 16:05
The 40% rule is a time-tried tactic employed by pundits. If you say there is a 40% chance of something improbable happening and it does, you look great. And if it doesn't, you never said the odds favored it. But in the C...
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Stocks Look Poised For A Big Move And Bulls Still Have The Edge I've argued since March 25 that investors should be more focused on the resuscitative effects of policy rather than the underlying economic data itself. That's meant: no Depression, higher stock prices, and increased odd...
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S&P Fired Employee Who Discussed Ratings With Senate Staff

Wall Street Journal - 21 May 2020 16:51
A wrongful-termination complaint claims retaliation for discussing a taboo topic. The firm says the employee violated policy.
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ICICI Bank's special fixed deposit scheme is available on new FDs and renewal of FDs.It offers 80 basis points (bps) more than what is applicable to general public for the same deposit amount and tenor
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Oil Rally Continues With Supply Cuts Boosting Sentiment

Wall Street Journal - 21 May 2020 16:13
Oil prices climbed, advancing for the sixth consecutive session with producers curtailing output in response to ultralow crude prices and the coronavirus crisis.
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Europe's Recovery Imperiled by Banks Too Scared to Lend

Wall Street Journal - 21 May 2020 14:00
The ECB is offering banks trillions of euros in ultracheap money to keep European businesses afloat with loans to fight the effects of coronavirus. Governments are further sweetening the deal. But evidence is mounting th...
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Wishful Thinking Makes This a Tough Market to Beat

Wall Street Journal - 21 May 2020 12:26
Investors are just as prone to wishful thinking as anyone else, but this week's wild stock swings showed that even unwarranted hope can be applied entirely rationally.
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Lawsuit: Credit Bureaus Sued For Damaging Millions Of Student Loan Borrowers' Credit Has your credit score been damaged?
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The stock is up over 50% on the year, not including Thursday's after-hours move.
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Argentina Needs Goodwill From Bondlords, Or Else On Friday, we will know if Argentina avoided another default.
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Prices Rise for 20-Year Treasury Bond in Debut

Wall Street Journal - 21 May 2020 21:48
Prices for the revamped 20-year Treasury bond climbed in its debut session, a day after the Treasury auctioned its first 20-year bonds since 1986.
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Why The Senate, And Not The Presidency, Is The Race To Watch This Election Year For Major Cannabis Legislation The Senate, and not the Presidency, will be the race to watch this election year for the Cannabis industry, as it looks to secure some important legislative and political wins in 2020.
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How This Billionaire-Backed Crypto Startup Gets Paid To Not Mine Bitcoin It's everyone's dream to get paid to do nothing. Bitcoin miner Layer1 is turning that dream into reality -- having figured out how to make money even when its machines are turned off.
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Oil & Gas Among Top Shorts Despite Market Rally The rally has been impressive, surging 32% since the March 23 lows. However, not all companies are going to survive the pandemic, and our deep learning Artificial Intelligence ("AI") solutions have identified a number of...
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Breaking From Republican Leadership, Some GOP Senators Push To Speed Up Next Stimulus Bill As McConnell Delays As Senators prepare for a weeklong Memorial Day recess, no progress has been made on the next phase of the federal government's emergency coronavirus relief legislation.
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Intuit A Top Buy Heading Into Q3 Earnings

Forbes - 21 May 2020 18:33
Intuit A Top Buy Heading Into Q3 Earnings Intuit remains on our top-buy list today after making several appearances in the last week, so our AI systems must be seeing something attractive here.
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Brace for Another Bad Jobs Report

Wall Street Journal - 21 May 2020 18:19
Job losses appear to be slowing, but the May employment picture still looks horrible.
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Judge Tosses Visium's Lawsuit Against Portfolio Manager's Widow

Wall Street Journal - 21 May 2020 17:39
Visium Asset Management was seeking more than $100 million it paid to one of the hedge fund's money managers. The judge dismissed the lawsuit on statute of limitation grounds.
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Best Buy Could Have Been Much Worse

Wall Street Journal - 21 May 2020 17:21
Best Buy's ability to retain sales after closing down all of its U.S. stores speaks to its hold on the electronics and appliances market.
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Harold Hamm, Fracking Pioneer, Faces a Career Reckoning

Wall Street Journal - 21 May 2020 17:17
The founder of oil giant Continental Resources revolutionized the industry and helped usher in the U.S. energy boom. Now he's slashing production and ripping up delivery contracts to try to survive the price collapse fro...
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Best Buy Earnings Tank, Target Sales Soar: Here's How All The Big Retailers Fared In The First Quarter Retailers have seen higher demand, with online sales booming, but also higher costs related to the pandemic.
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Lori Loughlin Pleads Guilty; Will Serve 2 Months In Prison Lori Loughlin will serve two months in prison.
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