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Market News

Location American Market News for 29 July 2020

Investors, Don't Look Away From This Kodak Moment

Wall Street Journal - 29 Jul 2020 16:31
Bemusement or regret aren't the only emotions pros should feel--Kodak is a timely reminder of what can happen to 'must-own' stocks.
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FB, AMZN, AAPL And GOOG Could Make For A Volatile Friday With Alphabet/Google, Amazon, Apple and Facebook all reporting their June quarter results after the market closes on Thursday, Friday's market action could be on the wild side.
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S&P Faces Potential SEC Lawsuit Over Volatility Gauges

Wall Street Journal - 29 Jul 2020 18:33
The Securities and Exchange Commission plans to bring an enforcement action against S&P Dow Jones Indices for failing to provide sufficient disclosures on certain volatility-linked indexes in 2018.
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Riskiest Bonds Are On the Rise in Europe

Wall Street Journal - 29 Jul 2020 10:39
Investors are channeling more money into the riskiest companies' bonds in Europe and spurring an uptick in deal making in the region.
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Germany Asks Russia to Help Find Former Wirecard Executive

Wall Street Journal - 29 Jul 2020 23:20
German authorities have asked Russian officials if Jan Marsalek, a former executive at disgraced fintech company Wirecard, had entered Russia, and requested they act on an Interpol notice for his arrest.
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Fed Can't Fix the Economy Alone

Wall Street Journal - 29 Jul 2020 22:56
The Federal Reserve is ready to keep pulling out the stops, but the economy's fate rests with others.
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Earnings Blowout Sends AMD Surging To Record Highs Following a blowout second-quarter earnings and revenue beat, Advanced Micro Devices (AMD) hiked its full-year forecast, citing an increase in chip demand as the work-from-home trend flourishes around the world.
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Virus Fight: Gilead, Moderna, Two On The Front Lines, To Report Q2 Results Ahead of earnings from two of the most closely watched biotechs--Moderna (MRNA) and Gilead (GILD)--one thing seems pretty certain: Few investors are likely to care much less than normal about Q2 financial numbers from ei...
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How Our Strengths Shape Our Trading Psychology Here are the strengths that shape success in financial markets and how we can cultivate them.
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Gold's Big Rally Is A Heads-Up For Rotation, Not Destruction Winds of change are blowing fiercely across financial markets. Some of it is happening within the equity market itself, as we have detailed this month in the start-stop tradeoff in leadership between the Nasdaq and Russe...
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What Locust Swarms Tell Us About Robinhood, Kodak And COVID Mania In The Stock Market There are a lot of similarities between locust swarms and Robinhood day traders. The massive amount of liquidity raining down on deserts and markets makes self-organized explosive behavior more likely going forward.
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A Dose Of Optimism: Fed Keeps Rates Unchanged, But Hints At Signs Of Slight Improvement The Fed left rates unchanged today, as the market had expected. Chairman Powell said there are signs of slowing here as cases spike, but Fed needs to watch data, especially spending and employment, to get a better handle...
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Here's Why Your Federal Unemployment Benefits Could Be Delayed For Months One state estimated that it would take over two months to begin making unemployment payments under the Senate's new proposal.
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Treasury Bond Yields Fall After Fed Comment

Wall Street Journal - 29 Jul 2020 20:39
The 10-year yield is hovering near the lower end of its recent trading range after of the Federal Reserve's announcement on rates this afternoon.
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Will The Dollar Collapse?

Forbes - 29 Jul 2020 19:44
Will The Dollar Collapse? The dollar has declined in recent months, but Commonwealth CIO Brad McMillan says don't count on its collapse any time soon.
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Trump Suddenly Wants A Side Deal Ahead Of Next Stimulus Bill That Would Protect Renters From Eviction Trump and Mnuchin discussed a short-term deal on Wednesday, since it looks like lawmakers won't be able to come to a meaningful agreement any time soon.
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GM Makes the Most of a Bad Business

Wall Street Journal - 29 Jul 2020 19:21
Aggressive cost control helped Detroit's largest car maker keep second-quarter losses to a minimum, but Ford might have more scope to surprise investors.
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Dow Rises 100 Points Ahead Of Federal Reserve Decision Investors also continued to digest second quarter earnings.
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Shopify's Business Sells Itself, for Now

Wall Street Journal - 29 Jul 2020 18:44
Companies rushed to Shopify's online retail platform amid the pandemic, driving eye-popping quarterly results for a company that was already growing at an impressive clip. But is that kind of growth sustainable?
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Top Stocks To Buy Today As Markets Rise Ahead Of FOMC Meeting If you're looking for places to invest your cash, or want some alternatives to your current holdings, our deep learning algorithms have gone through the data and used Artificial Intelligence ("AI") to help you spot the T...
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Theaters About to Get More Hooked on Blockbusters

Wall Street Journal - 29 Jul 2020 18:22
Shortened release window will eventually mean fewer, bigger movies still able to draw a crowd.
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In India, ECS debit is handled by the National Automated Clearing House, which is a clearing house mechanism governed by the National Payments Corp. of India (NPCI)
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