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Market News

Location American Market News for 23 July 2020

Is The 5-Year Tech Run History?

Forbes - 23 Jul 2020 23:05
Is The 5-Year Tech Run History? Marrying growth stocks for life is a dangerous construct, but past five years, internet and e-commerce stocks took many of us to the moon.
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Apple's App Store Commissions Report Ignores Two Elephants in The Room Two things the report doesn't mention? Only the two biggest elephants in the App Store room.
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Tesla Can Now Join The S&P 500 & Why That Is Bullish For The Stock If Tesla joins the S&P 500, many institutions will be required to buy it, which could drive the price even higher.
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Gold Is Within Striking Distance Of Its All-Time High. Here's How To Play The Rally Gold briefly rose above its all-time record closing price of $1,891.90 per ounce, set in August 2011. Once the precious metal breeches the important $1,900 resistance level, I believe the sky's the limit.
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U.K. Gilt Yields Scrape Rock Bottom on Economic Pessimism

Wall Street Journal - 23 Jul 2020 15:41
The U.K. government's borrowing costs are hovering near all-time lows as concerns about the economy's prospects push investors to buy assets perceived as havens.
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Want To Buy Meat Direct From A Farm Or Ranch? The USDA Says It Will Help. Surging demand from home cooks and specialty chefs is making it hard to locate and purchase desirable cuts of meat directly from farmers.
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Republicans Agree On $1,200 Checks, But Negotiations Are Still Faltering. Here's The Latest On The Next Big Stimulus Bill. As benefits expire, rent comes due, the school year looms and states struggle, Washington's warring factions are racing to rescue the economy and their political fortunes.
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E-Trade beat on the top and bottom lines of its quarterly earnings.
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Dow Plunges 350 Points After Another 1.4 Million Americans File For Unemployment Jobless claims rose for the first time since March, indicating a slowdown in the labor market's recovery.
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5 Big Numbers That Show Amazon's Explosive Growth During The Coronavirus Pandemic Amazon reports second quarter earnings next week and is expected to post at least $75 billion in revenue.
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It's not easy buying covid health policies online

livemint.com - 23 Jul 2020 20:09
Those with pre-existing conditions might find it challenging to buy the covid-19 policies online or even otherwise
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The U.S. derivatives regulator voted to abandon its effort to regulate trading that happens overseas, where it had worried that interconnections between big banks in the global market could transmit risk to the U.S. econ...
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Consider Harvesting Gains at Tractor Supply

Wall Street Journal - 23 Jul 2020 19:57
Rural lifestyle retailer Tractor Supply posted impressive growth last quarter, but its share prices are also getting precariously high.
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If you think a positive diagnosis for covid-19 could affect your income, Corona Rakshak will suit you.If you do not have any health insurance coverage, then you should buy the Corona Kavach policy
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China's Xi Jinping Sticking To That Socialism Thing Socialism on one hand, open markets on the other, says Xi.
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Behind Tesla's Profits

Forbes - 23 Jul 2020 19:07
Behind Tesla's Profits Tesla published Q2 2020 results on Wednesday, posting a net income of $104 million - well ahead of consensus estimates that projected a small loss. So how did Tesla manage to beat expectations by such a wide margin? Soar...
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Airlines Getting Back Into Formation for Coming Turbulence

Wall Street Journal - 23 Jul 2020 18:24
Given the renewed slowdown in air travel, American Airlines' decision to scale back its aggressive strategy in August should come as a relief.
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Top Stocks To Buy Today As Markets Face Pressure From Rising Unemployment After a brief recovery in the early hours, all major indices are currently trading in the red. The rising COVID cases and a debated stimulus package could determine how markets behave in the weeks to come. Our deep learn...
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Gold Eclipses 2011 Closing Record, Heads for New All-Time High

Wall Street Journal - 23 Jul 2020 17:59
The price of gold is on track to close at a record for the first time in nearly nine years Thursday, punctuating a furious rally driven by anxious investors seeking refuge from the coronavirus.
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Latest Draft Of The GOP's Coronavirus Bill Includes A Stimulus Check Proposal. Are You Eligible? The Republican proposal is still just a draft, but it will have the exact same stimulus check provisions as the CARES Act, Treasury Secretary Steven Mnuchin said Thursday.
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Jobs Warning Light Starts Flashing

Wall Street Journal - 23 Jul 2020 16:58
There are potentially more Americans now out of work than there were in June. The economy's ability to recover may depend on whether they can stay afloat.
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Twitter Gets a Questionable Check Mark

Wall Street Journal - 23 Jul 2020 16:50
Investors bid up shares of Twitter after the company said user growth soared in the second quarter, but that very growth could compound risks for an already vulnerable platform.
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