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Market News

Location American Market News for 30 July 2020

Cold Cash In Cold Storage

Forbes - 30 Jul 2020 16:00
Cold Cash In Cold Storage After reeling from the sight of empty store shelves and regional shortages of various personal care and food products due to the COVID-19 pandemic, investors see the potential for consolidation and value creation in Amer...
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August Outlook: Is Long Rally Running Into A Buzzsaw? New Month Might Reveal 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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Budweiser's Glass Is Unexpectedly Half-Full

Wall Street Journal - 30 Jul 2020 16:16
AB InBev had a better-than-expected second quarter as consumers in the U.S., China and Brazil kept drinking through the pandemic.
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The company beat on both the top and bottom lines.
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Alphabet's Q2 earnings are expected to be hit hard by the effects of the pandemic alongside a maturing digital ad market.
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Affirm Prepares IPO That Could Value Firm at Up to $10 Billion

Wall Street Journal - 30 Jul 2020 23:39
Affirm Inc. is laying the groundwork for an initial public offering that could value the financial-technology startup at as much as $10 billion.
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See which stocks are posting big moves after the bell.
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Gilead Sciences' sales fell 10% in the second quarter from a year earlier as the coronavirus pandemic weakened demand for some of its drugs, including some of its core hepatitis treatments.
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Financial Professionals Say It's Time To Hedge Equity Portfolios With half the year done, a round table of industry leaders and asset managers discussed their mid-year outlooks for the financial markets. They think it's time to start taking money off the table.
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Ford CFO Tim Stone warned investors in April that the company expected to lose more than $5 billion, on an adjusted pretax basis, during the second quarter.
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The Economic Crash: What Wall Street Doesn't Know Will Hurt Us With every bit of bad news about the economy, the divide between those who have suffered financially since March and those who haven't becomes clearer.
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Dow Plunges Over 200 Points Amid Record Drop In GDP The U.S. economy posted its worst quarter on record.
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Apollo's Earnings Recover as Value of Investments Rises

Wall Street Journal - 30 Jul 2020 21:56
Apollo Global Management's second-quarter earnings rose as the value of its investments climbed with the broader market.
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Reality Vs. Illusion - Unmasking The Financial Market Market indicators point to higher inflation ahead, as we head into 1970s redux .
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Three Alarming Economic Numbers That May Force A Second Stimulus Deal In Washington The recovery is looking more and more precarious.
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Is The Gold Rally Overdone? Here's What History Says May Come Next Does this mean it's time for gold investors to take their profits and walk? Not so fast. There's evidence that the yellow metal could be setting up for even greater gains.
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Best Stocks To Short Today As GDP Plunge Rattles Investors The record-breaking second-quarter GDP contraction is a clear indication that the economy is going to take even longer to recover than originally projected. If you think more pain is ahead, our deep learning algorithms p...
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Auto-Parts Retail Goes Full Throttle

Wall Street Journal - 30 Jul 2020 20:09
O'Reilly Auto Parts' results show how resilient auto-parts demand can be, even in the face of depressed driving.
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Best Stocks To Buy Today As Markets Slump Due To Weak Economic Data The numbers are in and they don't look great. Unemployment is up and the economy shrank at an annualized rate of almost 33%, the lowest ever for a quarterly contraction in the history of America. If you're looking for a ...
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Kraft Heinz Is Back to Getting Squeezed

Wall Street Journal - 30 Jul 2020 17:22
The company, like its packaged-food peers, got a big sales bump from Covid-19, but its fundamental challenges remain unresolved.
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Tax on your gold and real estate investments

livemint.com - 30 Jul 2020 19:27
Over the past few years, returns from real estate have been poor to negative. On the other hand, gold does not give attractive returns in the long term and has high transaction cost
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Adequate term cover is a must for the earning members of any family, and the rise shouldn't affect that.Term insurance premiums are calculated based on the mortality rate and the expected future claims
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