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Market News

Location American Market News for 3 August 2020
SBI offers Aadhaar-based instant digital savings account facility for customers who want to open an online account.The nomination facility is available for SBI Insta Saving Bank Account holders
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The coffee bean market has bifurcated since lockdowns forced a shift in consumer behavior. Futures linked to arabica beans, which are popular in cafes and restaurants, have fallen much more than those tied to robusta bea...
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Gilead Shows the Dangers of Covid-19 Drug Mania

Wall Street Journal - 3 Aug 2020 13:00
Investors chasing vaccine riches have assumed unrealistic odds of success and of profitability in the case of a breakthrough for treating Covid-19.
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Microsoft May Test the Faith With TikTok

Wall Street Journal - 3 Aug 2020 18:00
A deal could stretch Microsoft's renewed credibility in deals and business execution.
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Refiners Retrench as Demand For Gasoline, Jet Fuel Shrivels

Wall Street Journal - 3 Aug 2020 11:30
U.S. fuel makers ran below capacity in the second quarter in a preview of the challenges they are likely to face as the world transitions away from fossil fuels.
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Bitcoin, Litecoin, Ethereum: When They Move, They All Move Together After long weeks of mostly just sideways, Bitcoin and its cryptocurrency friends finally made a move and it was upward.
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The government is finalizing an agreement with its biggest private creditors to restructure about $65 billion in foreign debt and resolve the country's third sovereign default this century, according to people involved i...
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Global Insurer AIG Swings to Quarterly Loss

Wall Street Journal - 3 Aug 2020 22:21
American International Group Inc. swung to a loss for the second quarter driven in part by substantial costs tied to the pandemic.
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German lender Commerzbank appoints former state bank executive Hans-Jörg Vetter as its new chairman, ignoring opposition from its second largest shareholder, Cerberus Capital Management.
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These Two Companies Look Favorable Ahead Of Earnings Metal miners have also been reporting strong profits as prices for both industrial and precious metals were up during the quarter.
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Top ETFs To Buy As Investors Eye Gold And Treasuries Economic data was mixed with no clear indication about future prospects. The price of gold surged to all-time highs, while demand for U.S. Treasuries drove yields lower. Our deep learning algorithms paired with our AI ha...
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Trump: TikTok Will Be Banned If Not Sold By September 15. Can Microsoft Be The Only Bidder? It is estimated that TikTok has over half a billion active users worldwide and nearly 80 million in the U. S. .
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Covid-19 has accelerated consolidation in the real estate sector.With the advent of work from home, we may see some of the mid-income residential demand pushed to the far suburbs and even smaller cities
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Returns on my investments

livemint.com - 3 Aug 2020 17:53
A portfolio must have an ideal mix of financial products .Here's a look at how four commonly used asset types--equity, cash, gold and fixed income--have done in different periods
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The WTO Struggles To Find New Leader; Gives Leadership To Four People Brazilian director general Roberto Azevedo warns that without the WTO, massive multinational corporations will make their own rules.
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This Second Stimulus Check Would Pay The Most Are $1,200 second stimulus checks the best option?
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Turkish State-Owned Banks On Lending Spree To Stave-Off COVID-19 Crash Still reeling from the aftermath of the currency crisis in summer 2018, Turkish corporations are poorly positioned to weather a fresh storm caused by the coronavirus pandemic.
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Raytheon Technologies Reports Robust 2Q Results, Maintain Buy Rating , a leading aerospace and defense company, reported robust 2Q20 results, beating the consensus revenue and Adjusted EPS comprehensively.
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Trump Administration Reportedly Considering 'Unilateral Action' If Lawmakers Can't Reach A Deal On Second Stimulus Plus, here's what to expect this week as negotiations continue on Capitol Hill.
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Hedge-Fund Launches Pick Up Despite Covid-19 Pandemic

Wall Street Journal - 3 Aug 2020 17:00
Hedge-fund manager Gaurav Kapadia has raised more than $1 billion in committed capital for his new firm, XN LP, according to people familiar with the fund, and is up 7.4% after fees in its public investments since its Ju...
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HSBC Has More Problems Than Covid-19

Wall Street Journal - 3 Aug 2020 16:12
Linking East and West has been a good business for the Asia-focused bank, but it is getting harder to balance political priorities in its main markets.
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The Americas Account For 50% Of Top Countries Hardest Hit By Covid-19 50% of countries with the most cases are from the Americas. Here's how bad their job market is.
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