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Market News

Location American Market News for 3 June 2020

Oil Wavers Amid Doubts Over Extension of OPEC Cuts

Wall Street Journal - 3 Jun 2020 16:24
The latest moves in oil prices followed speculation that the Organization of the Petroleum Exporting Countries and its allies might postpone or cancel plans to discuss extending production cuts.
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Clean Power Continues To Stretch Its Cost Benefits Over Coal Renewable energy continues to get cheaper, and it is increasingly the cheapest form of new power capacity around the world, less expensive than any form of fossil fuel electricity.
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Kamala Harris And Andrew Yang Renew Call For $2,000 A Month Stimulus Check Will you get a $2,000 a month stimulus check?
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Zoom's Boom Has a Price

Wall Street Journal - 3 Jun 2020 02:48
Zoom Video Communications answered one very big question with its latest results. It also raised a few.
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The Market Must Not Be Watching The News

Forbes - 3 Jun 2020 23:12
The Market Must Not Be Watching The News As long as the VIX remains below its 21-day MA and the Asbury 6 remains Positive, this stock market rally -- as improbable as it may be -- is likely to continue.
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Wall Street Firm Will Pay Junior Bankers Not to Work

Wall Street Journal - 3 Jun 2020 22:57
Evercore Partners is offering to pay incoming junior bankers up to $25,000 to delay starting their jobs during the coronavirus pandemic.
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U-Shape? V-Shape? Recovery Shapes Explained And What They Mean For America's Economy Plus, why economists don't always agree.
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Dow Jumps 500 Points As Investors Focus On Reopening The Economy Wall Street is clinging to optimism for a smooth economic reopening.
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Lyft's Investors Shouldn't Be Flooring It

Wall Street Journal - 3 Jun 2020 21:31
The ride-hailing company's shares have made up a chunk of their pandemic losses with much uncertainty remaining.
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Quibi Asks Senior Executives to Take 10% Pay Cut

Wall Street Journal - 3 Jun 2020 19:58
Quibi has asked senior executives to take a 10% salary cut as the short-form streaming video service explores ways to rein in costs after a disappointing debut.
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Tax on your gold and real estate investments

livemint.com - 3 Jun 2020 19:49
Over the past few years, returns from real estate have been poor to negative. On the other hand, gold does not give attractive returns in the long term and has high transaction cost.Here is a look at the taxes that apply...
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Porush Singh of Mastercard, talks about what this means for the digital payments industry and how new-age technologies such as AI and machine learning can revolutionize the way security and accessibility are managed
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OPEC delegates said the production agreement is a sign that many of the world's largest oil producers are confident that oil demand will return quickly as coronavirus lockdown restrictions ease around the world.
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May's Unemployment Rate Could Exceed 20% And Even Hit The Great Depression's 25% It is possible that with the additional layoffs that occurred during May and if the Department of Labor fixed its under-reporting of 8 million jobless people in last month's employment report, the unemployment rate could...
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Top Stocks To Short As Stock Market Surges

Forbes - 3 Jun 2020 19:05
Top Stocks To Short As Stock Market Surges The market is powering through its third consecutive day of massive gains. Whether the market is too optimistic has been on the minds of many, considering how unstable the economy has been this year. According to our AI,...
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America's Economy Is Healing Slowly

Wall Street Journal - 3 Jun 2020 19:03
The economy didn't deteriorate as badly in May as it did April, but it still worsened. The recovery will have to wait.
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Warner Music Shares Surge in Market Debut

Wall Street Journal - 3 Jun 2020 18:48
Shares of the music company rose more than 15% following its trading debut on the Nasdaq Stock Market, a sale that marked the largest U.S. initial public offering of the year so far.
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Top Buys To Benefit From The S&P 500's Historic Rally The month is off to a strong start as the reopening economy continues to fuel a significant market surge. Our AI tells us these are the top 5 stocks to buy today.
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HSBC Throws Support Behind China on Hong Kong Security Law

Wall Street Journal - 3 Jun 2020 18:35
A top HSBC executive signed a petition supporting China's move to impose security legislation on Hong Kong, putting the bank squarely on the side of Beijing in the fight over the future of the territory.
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Pentagon Chief Breaks With Trump, Says He Opposes Using Troops For Protests "I do not support invoking the Insurrection Act," Esper said.
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Earnings Preview: What To Expect From DocuSign On Thursday DocuSign is expected to earn $0.10/share on $284.00 million in revenue. Meanwhile, the so-called Whisper number is $0.17. The Whisper number is the Street's unofficial view on earnings.
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Value ETF VBR A Top Buy During Time Of Economic Uncertainty Value ETFs are lauded for its stability, especially when the economy is unstable. Although the market is performing exceptionally well, it's never a bad idea to create a buffer in case things take an unexpected turn. Our...
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