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Market News

Location American Market News for 2 July 2020

Brace for an Autumn of Discontent

Wall Street Journal - 2 Jul 2020 12:03
Investors need to recalibrate their expectations of what the economy will look like through the end of the year.
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That Spicy Tingle You're Feeling? It's Actually Fraud

Wall Street Journal - 2 Jul 2020 08:36
Tencent, which owns China's most popular social network, has apparently been scammed by hustlers pretending to be representatives of Lao Gan Ma, which makes the country's best-known chili sauce.
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The firm funds a number of established companies but it also has a roster of lesser-known businesses that inject risk into its portfolio, including several firms that got more in financing than they generated in revenue.
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AI Models Say These Are The Best Stocks To Short Today Shortly after markets jumped in response to June's jobs report, gains were erased as a surge in coronavirus cases was reported across the country. This puts a damper on the economy's recovery. If you're looking to hedge ...
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Lockdowns Looking Attractive for Match Group

Wall Street Journal - 2 Jul 2020 19:59
As bar closures drag on, house-arrested singles say even subpar suitors are starting to look extremely tempting. That could bring renewed interest to online dating giant Match Group's virtual platforms.
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The Making Of An Economic Pandemic

Forbes - 2 Jul 2020 22:19
The Making Of An Economic Pandemic In an exclusive excerpt from The Rules of Contagion, epidemiologist Adam Kucharski re-examines the parallels between 2020 and the 2008 financial crisis to explain how quickly panic goes viral--and how to stop it.
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Coronavirus Surge Tests Safeguards for Meatpacking Workers

Wall Street Journal - 2 Jul 2020 21:52
New infections grow in major meat-producing states as the industry has returned to regular production levels in recent weeks.
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Mortgage Rates Hit a Record Low---Again

Wall Street Journal - 2 Jul 2020 19:13
Rates were weighed down by fears that the U.S. economy's recovery will be held back by new coronavirus outbreaks.
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Economic Recovery Fuels Bets on Lower Volatility

Wall Street Journal - 2 Jul 2020 19:07
The Cboe Volatility Index has fallen this week as U.S. stocks have staged a recovery amid optimism about the economic recovery and the Federal Reserve's stimulus.
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U.S. Jobs Rebound Comes with a Cost

Wall Street Journal - 2 Jul 2020 18:42
The recovery in jobs where social distancing is hardest, such as those in restaurants, may be related to the jump in new Covid-19 cases.
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Ask Encore: We also answer questions about rules for inherited IRAs and survivors' benefits from Social Security.
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Which Cruise Line Will Emerge On Top?

Forbes - 2 Jul 2020 18:25
Which Cruise Line Will Emerge On Top? Cruisers are a loyal bunch--perhaps the most dedicated group of travelers on the planet. One look at cruise line sentiment, however, reveals a striking...
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US Payroll Data Provides Context Around Trump's Support For Second Stimulus Checks The US jobs number has provided clarity about second stimulus checks for policy makers and also explains why Trump supports "larger" stimulus checks
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How Wirecard Went From Tech Star to Bankrupt

Wall Street Journal - 2 Jul 2020 17:25
German prosecutors are probing whether the electronic-payments giant used fictitious income to inflate its sales and fool investors. The company and its auditors say $2 billion that is missing probably never existed.
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China's Pandemic 'Winners' Driving Its Economic Recovery Post-Coronavirus From surgical masks to electronics equipment, these sectors are pulling China out of its coronavirus slump.
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Down Is the New Up for Tesla Stock

Wall Street Journal - 2 Jul 2020 16:47
Tesla stock resembles a rocket ship. The rally is all the more impressive after considering a thoroughly mediocre core business.
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Trump Takes Victory Lap On Economy As Cases Surge Across U.S. June jobs data was collected before new cases of the coronavirus began soaring in states like Texas, Florida, and Arizona.
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Why Wall Street Rises As Coronavirus Lockdowns Return Hope beats fears, every time.
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Is ServiceNow A Better Investment Than Paylocity Holding? ServiceNow's stock is up by around 117% in the last two years. On the other hand, peer, Paylocity Holding's stock is up a plentiful 156% during the same period. While both the companies provide cloud based solutions, it'...
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Treasury Yields Rise After Jobs Data

Wall Street Journal - 2 Jul 2020 15:44
U.S. government-bond yields climbed after data showed the economy added more jobs than expected last month, a sign of rebounding growth in the wake of pandemic shutdowns.
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Jobs Report Shows 4.8 Million Added To Payrolls, Boosting Stock Market Sentiment Investors and traders are ending a holiday-shortened week with some good news under their belts. The nonfarm payrolls report showed more jobs were added than expected in June.
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Dow Surges 400 Points After U.S. Economy Adds 4.8 Million Jobs In June The unemployment rate fell to 11.1% in June.
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