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Market News

Location American Market News for 24 July 2020

15% Upside For Johnson & Johnson Stock?

Forbes - 24 Jul 2020 16:00
15% Upside For Johnson & Johnson Stock? Johnson & Johnson's stock lost more than 23% - dropping from $146 at the beginning of the year to below $112 in late March - then spiked 35% to around $150 now. That means it has fully recovered to the levels where it st...
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A Golden Rule from a Golden Fool

Wall Street Journal - 24 Jul 2020 16:00
The yellow metal has been white hot this year. But those who rush to buy it could still end up in the red.
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Eviction Bans, $600 Unemployment Payments, And Student Loan Forbearance: Here's When The Key Benefits Of The CARES Act Expire Congress is scrambling to pass another stimulus law before time runs out.
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Amex Says Travel Dreams Live On

Wall Street Journal - 24 Jul 2020 18:42
Amex says card holders are still spending money to rack up travel points, possibly planning trips for when the coronavirus pandemic is under control.
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The Wall Street bank reached a $3.9 billion settlement with Malaysia in connection with a multibillion-dollar scandal that has plagued the firm and rocked the country's politics.
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Dow Falls Nearly 200 Points After China Retaliates By Ordering Shutdown Of Chengdu Consulate A decline in big tech stocks also dragged the market lower.
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Shopify Is Seizing An $80 Billion Pot Of Gold Owning the largest companies in the world is usually a money-losing strategy.
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Foreign Investors Flee Turkey's Bond Market

Wall Street Journal - 24 Jul 2020 11:30
Bond investors are retreating from Turkey, adding to the pressure on an economy long seen as dependent on foreign funding.
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Malaysia's Missing Billions

Wall Street Journal - 24 Jul 2020 21:00
A timeline of the scandal out of Malaysia that ensnared a prime minister and Goldman Sachs, and spurred a spending spree of yachts, luxury condos, art and the film 'The Wolf of Wall Street.'
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Gold Climbs to All-Time High, Topping 2011 Record

Wall Street Journal - 24 Jul 2020 19:45
The precious metal rose to a new closing record of $1,897.50 a troy ounce, eclipsing the price set in August 2011 as investors added bullion to their portfolios amid fears about the coronavirus pandemic.
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Services Giants Will Weather the Drilling Drought

Wall Street Journal - 24 Jul 2020 19:31
Leading oil-field-services companies Halliburton, Baker Hughes and Schlumberger have done themselves a favor by quickly confronting their new reality and ruthlessly cutting costs.
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Bridgewater Associates Lays Off Several Dozen Employees

Wall Street Journal - 24 Jul 2020 19:25
The world's largest hedge fund made layoffs in its research department, client-services team and among recruiters, an unusually large cut amid a difficult period for Bridgewater's business.
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Treasurys Take In Mixed Data on Economic Rebound

Wall Street Journal - 24 Jul 2020 19:06
Demand for safe-haven U.S. government bonds remains high as the economic recovery shows signs of stalling, with Treasury yields swinging between small gains and losses after mixed data on the economy's rebound.
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Is The UK Ban On Huawei The After the UK ban on Huawei, The Economist magazine is pessimistic - we are said to be "at the endgame" - in effect, the end of trust-based free trade as we know it. But the Huawei episode is likely not an end but a begin...
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Stimulus Update: Student Loans Not Included In Proposed Stimulus Plan If your hoping for student loan relief or student loan forgiveness, you may not find it in the new stimulus package.
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30 Million Are Unemployed And More Pain Is On The Way: Here Are 8 Numbers That Sum Up The Destruction In The U.S. Labor Market Congress has been unable to agree on how to extend a $600-per-week federal supplement.
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Best Stocks To Short Today As Technology Shares Fall After Disappointing Earnings Is this the beginning of a pullback, or simply another "Buy the Dip" opportunity? If you are in the former camp, our deep learning algorithms using Artificial Intelligence ("AI") technology have identified several Top Sh...
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The principal adviser and executive vice president at Altfest Personal Wealth Management has been an advocate for female advisers over the past 40 years. Her team manages over a billion dollars in assets.
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Climate Change: The Ball Is In Our Court

Forbes - 24 Jul 2020 17:17
Climate Change: The Ball Is In Our Court Companies only do what we as consumers and investors reward them for doing. If we reward them for systematically making our planet unlivable, they'll do it - they are legally bound to do it, in fact!
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1 Simple Plan To Triple Your Dividends And Dodge The Next Crash Here's a critical mistake anyone can make while hunting for big dividends.
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Remember Trade Tensions? Consulate Closure Announcements Pressure World Markets An announced chip delay by Intel helped set the day's negative tone, but the return of trade tensions between the U.S. and China have punctuated it in early trade Friday. Next up: eyes turn to Amazon, Apple, and other bi...
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Dow Falls 150 Points After China Retaliates By Ordering Shutdown Of Chengdu Consulate A decline in big tech stocks also dragged the market lower.
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