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Market News

Location American Market News for 19 June 2020
Lower taxes? Cheaper housing? Shorter commute? For some knowledge workers fleeing the big city amid the pandemic, the perks of relocating to a distant burg will soon grow stale. .
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Fintech Darling Afterpay: Buy Now, Regret at Leisure?

Wall Street Journal - 19 Jun 2020 12:34
The stock's meteoric rise looks vulnerable to expanding competition or a prolonged downturn that raises credit risks.
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China's Reported Plan To Buy More U.S. Farm Goods Helps Boost Market This morning, a report that China is planning to buy more U.S. farm goods is helping boost market sentiment a day after lackluster trading.
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Oil Prices Rise Above $40 on Demand Hopes

Wall Street Journal - 19 Jun 2020 15:25
U.S. crude futures for delivery in July rose 3.4% to $40.17 a barrel, heading for their highest close since early March as drivers return to the roads and producers curtail supply.
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Day Trading Surges In Popularity, This Won't End Well Research is clear that most of the new crop of day traders will end up losing money.
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Markus Braun: 'Storyteller' Behind Wirecard's Rise and Fall

Wall Street Journal - 19 Jun 2020 20:49
The company's former CEO became known for grand predictions about the future of payments, big data and artificial intelligence, but now after 18 years he is out of the picture.
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IBuying Is Really About Selling

Wall Street Journal - 19 Jun 2020 13:00
The addition of traditional listing services to pure play iBuying models shows just how difficult the real-estate industry is to disrupt.
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Stocks of Black-Owned Companies Surge on Juneteenth Holiday

Wall Street Journal - 19 Jun 2020 23:54
Trading in the shares of several black-owned public companies surged Friday after investors looked for ways to support black-owned businesses on the Juneteenth holiday.
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Here's How Badly The Coronavirus Has Impacted Americans' Personal Finances On average, American households are facing budget shortfalls of more than $900.
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Dow Falls 200 Points Amid Fears Over Rising Coronavirus Cases Stocks ended the week slightly higher despite volatile trading on Friday.
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Cruise Lines, Facing Record Losses, Extend Suspension Of Sailing Until September Cruise operators are still hopeful that customers will return in 2021.
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Want To Know Why The Market Keeps Going Up? Here's Why Apple announced it was closing more stores today. But that won't be enough to scare markets.
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Hertz ATM Shut Down By SEC

Forbes - 19 Jun 2020 20:42
Hertz ATM Shut Down By SEC When COVID-19 brought travel to a halt, Hertz lost its revenue stream, forcing the company into bankruptcy. Now the auto rental giant is looking to sell off much of its 700,000 vehicle fleet after the SEC shot down its p...
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9 Shades Of Dow

Forbes - 19 Jun 2020 19:12
9 Shades Of Dow While the Dow Jones Industrial Average fell by over 35% from the beginning of the year through late March due to the spread of the Coronavirus pandemic, it has rebounded by over 40% from these lows, driven by the Fed's s...
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Stocks Turn Negative Amid Fears Over Rising Coronavirus Cases Stocks are set to end the week higher despite volatile trading on Friday.
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Idealab Founder Bill Gross' Plan To Solve The Mother Of All Quandaries We will be able to have our cake and eat it too if Gross' plan to convert the industrial processes that generate the majority of greenhouse gas emissions to 100% renewable resources work out. Gross' aspiration for his ne...
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Mask Wars: As Mandates Grow--And Coronavirus Cases Surge--Some Conservatives Push Back "We are not the mask police."
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A Bet on Investors' Infectious Enthusiasm

Wall Street Journal - 19 Jun 2020 17:13
True to form, Wall Street has conjured up an exchange-traded fund to capitalize on a new trend. The ETFMG Treatments, Testing and Advancements ETF has listed on the NYSE Arca exchange with a distinct ticker, GERM.
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Why China's Coronavirus Debt Crisis Is A Problem Who cares about debt, right? Xi Jinping does. Here's why.
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Track the returns from different asset classes

livemint.com - 19 Jun 2020 16:07
Too much equity may expose you to undue risk, while being too conservative and investing only in, say, fixed deposits can mean that you are not able to build the corpus that you need
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National Contact Tracing System Is Urgently Needed, Not Only For Reopening The Economy The coronavirus has now infected over eight million people worldwide, but in the US alone, it has now killed more people than the Vietnam and Korean War combined.
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Record Amounts Of Clean Energy Installed As Costs Continue To Fall "If governments take advantage of the ever-falling price tag of renewables to put clean energy at the heart of COVID-19 economic recovery, they can take a big step towards a healthy natural world, which is the best insur...
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