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Market News

Location American Market News for 12 July 2020

OPEC, Allies Set to Ease Oil Cuts, Seeing Pandemic Recovery

Wall Street Journal - 12 Jul 2020 01:32
An alliance of crude producers led by Saudi Arabia is pushing OPEC and its allies to increase oil production starting in August, officials in the group said, amid signs that demand is returning to normal levels following...
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Petition To Cancel Student Loans Reaches 1.2 Million Signatures 1.2 million signatures to cancel student loan debt.
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7 Promising REIT Dividends For The Next Phase Of Lockdowns Lockdowns have been tough on real estate investment trusts (REITs).
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5G Risk? Huawei Is Small Potatoes Compared To TSMC (Who?) If Huawei were to disappear tomorrow, it would disrupt but not derail 5G. If TSMC were to disappear, or be neutralized, it would cripple 5G and many other facets of the digital economy.
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The Nasdaq Is Partying Like It's 1999. What To Do About It. The stock market is sending a relentless message Depending on your age, your view of the Nasdaq is different.
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State Reopenings Fuel Stock Market Surge: Here's Why Despite continued growth in COVID-19 infections, the stock market has surged for two reasons. First, the economic recovery has beat expectations for both May and June. Second, hospitals are not overwhelmed and the supply...
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Wall Street To Washington: 'Show Me The Money' Markets want even more stimulus, as if the Fed is not doing enough to prop up Wall Street.
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XRP Is The Crypto To Watch Says Vegas Blackjack Pro Steve played on one of the MIT blackjack teams that profited off of Las Vegas 21 tables in the 90's.
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Stocks This Week: Buy Delta Air Lines And Sell Short JP Morgan The S&P is likely to rise this week.
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Accumulated PF balance due and payable to the employee i.e. balance to his credit on the date of cessation of his employment, is exempt from tax if he has rendered continuous service for a period of five years or more
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Moratorium on education loan comes at a cost

livemint.com - 12 Jul 2020 18:32
A moratorium is a period during which the borrower doesn't need to repay the loan
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What a personal loan costs you

livemint.com - 12 Jul 2020 18:32
Here are some personal loan rates and other costs of the top private and public sector banks in India
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Will Kitchen-Sink Earnings Tame The Bulls?

Forbes - 12 Jul 2020 18:15
Will Kitchen-Sink Earnings Tame The Bulls? Will next week's big bank earnings be disappointing or will very low expectations give these stocks a boost? The analysis of growth versus value may give you a clue as Tom Aspray discusses in his weekend commentary.
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Are Banks Afraid? Watch How Much They Set Aside for Loan Losses

Wall Street Journal - 12 Jul 2020 17:00
While a global slowdown makes loans scarier, the biggest U.S. banks are expected to report declining second-quarter profits and a marked increase in reserves for potential loan defaults.
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Three Reasons To Be Bullish On Cannabis Stocks As the coronavirus breakout was just beginning to be seen as a major threat to our health and to the economy back in March, it wasn't clear what the implications might be to the cannabis industry, which was already strug...
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FBI Director Wray: Americans Are The Victims Of China 'Theft' The world loves a victim these days, and all of the United States is one.
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Bank Earnings: Main Street Blues vs. Wall Street Boom

Wall Street Journal - 12 Jul 2020 15:00
Bank earnings can sometimes be a snooze. But the stakes this quarter are unusually high.
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Here's an Investment That Perfectly Tracks the Economy

Wall Street Journal - 12 Jul 2020 14:00
While it is easy to bet on politics, earthquakes or the weather, it's virtually impossible to invest in the most basic thing of all: the economy.
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More than 180 companies in the S&P 500 have pulled their earnings guidance in the wake of the economic crisis wrought by the coronavirus pandemic. That has led to the widest dispersion in earnings estimates in years.
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Multi asset allocation mutual fund is an open ended hybrid fund investing in the three different asset classes with a minimum allocation of at least 10%.The gold allocation in portfolio of multi asset allocation funds ra...
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