Oil Rises As Markets Eye OPEC, Russia Meeting On Output Cuts

Oil rebounded on Wednesday after a two-day fall, lifted by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have crumbled amid the coronavirus pandemic. Brent crude was up by 21 cents, or 0.8%, at $32.08 per barrel by 0639 GMT after falling […]

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Stocks Climb, Trying To Extend Winning Streak

U.S. stocks rose sharply Tuesday, buoyed by early indications that the spread of the coronavirus pandemic was slowing in some hot spots around the world. The Dow Jones Industrial Average rallied 2.8% in midday trading, a day after rising almost 8%. The S&P 500 and the Nasdaq Composite also jumped, climbing 2.3% and 1.5% respectively. […]

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Oil Rises 3% On Hopes For Output Cut

Oil prices gained on Tuesday as hopes rose that the world’s biggest producers of crude will agree to cut output as the coronavirus pandemic crushes demand, even as analysts warn a global recession may be deeper than expected. Brent crude (LCOc1) was up by 93 cents, or 2.8%, at $33.98 a barrel by 0431 GMT […]

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Global Markets Follow U.S. Higher

Global markets largely extended gains, after major indexes in the U.S. jumped more than 7% amid early signs that lockdowns could be helping stem the coronavirus pandemic internationally. While the U.S. coronavirus death toll surpassed 10,000, new models suggested infections in some of the worst-hit American cities, including New York, Detroit and New Orleans, were […]

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Boeing Extends Production Shutdown Indefinitely

Boeing Co said on Sunday it would extend the suspension of production operations at its Washington state facilities until further notice amid the coronavirus outbreak. The largest U.S. planemaker said on March 23 it would halt production at its Washington state twin-aisle jetliner factory as a temporary measure to help fight the outbreak of the […]

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Economic Calendar – Top 5 Things to Watch This Week

The main focus will once again be on U.S. labor market, with Thursday’s initial jobless claims report, which has already shown an unprecedented jump of around 10 million over the past two weeks. Oil prices look set to crater again on Monday as the price war between Saudi Arabia and Russia intensifies. Meanwhile, Wednesday’s Federal […]

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Oil Production Cut: OPEC+ Meeting Delayed

OPEC and Russia have postponed a Monday meeting to discuss oil output cuts until April 9, OPEC sources said on Saturday, as a dispute between Moscow and Saudi Arabia over who is to blame for plunging crude prices intensified. The delay came amid pressure from U.S. President Donald Trump for the Organization of the Petroleum […]

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U.S. Postal Service Could Shut Down By June

Throughout the coronavirus pandemic, postal workers have been on the front lines, considered “essential workers” who must continue to do their jobs as usual while others stay home. But some lawmakers are warning that without more support, the U.S. Postal Service (USPS) could completely shut down in the next few months, threatening the livelihoods of […]

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Russia Press U.S. To Coordinate Oil Cuts, Pushing Up Prices

Saudi Arabia and Russia are pressing the U.S. to coordinate oil output cuts in an attempt to stabilize prices, OPEC officials said, as the demand for crude plummets amid the coronavirus pandemic. U.S. oil companies are divided over the proposed cooperation between the world’s three biggest crude-producing nations, which would be unprecedented. Some major oil […]

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U.S. Employers Cut 711,000 Jobs In March

The unemployment rate for March rose to 4.4% from 3.5% in February. It was the largest one-month increase in the rate since January 1975. The data doesn’t yet fully reflect the millions of unemployment-insurance claims individuals filed in the last two weeks of March due to the coronavirus pandemic. The monthly decline in payrolls was […]

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European Markets Mixed As Coronavirus Cases Top 1 Million

Global stock markets have experienced a shaky start to the second quarter this week as investors to assess the potential economic ramifications of widespread lockdowns and the persistent spread of the coronavirus. European markets were searching for direction on Friday morning as another rocky week of trading draws to a close amid the deepening coronavirus […]

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Wall Street Opens Mixed After New Jobless Shock

U.S. stock markets opened lower again on Thursday after another record-breaking rise in initial jobless claims underlined the scale of the damage being wrought on the U.S. economy by the Covid-19 pandemic. Another 6.65 million people filed for unemployment benefits last week, over twice as many as the 3.3 million who claimed a week earlier […]

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U.S. Stock Futures Rebound, Oil Surges

U.S. stock futures recovered some ground Thursday, while oil prices surged on hopes of an end to the Saudi Arabia-Russia price war. Contracts tied to the S&P 500 rose 1.6%, suggesting that the index may recover some of its losses when trading gets under way in New York. U.S. equities endured their worst start to […]

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U.S. Weekly Jobless Claims Seen At Record High

“The U.S. labor market is in free-fall,” said Gregory Daco, chief U.S. economist at Oxford Economics in New York. The number of Americans filing claims for unemployment benefits likely shot to a record high for a second week in a row as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say […]

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French Manufacturing Plunges Into Deepest Slump In Seven Years

French manufacturing activity fell in March at the fastest pace in more than seven years as a nationwide lockdown to contain the coronavirus outbreak hits companies and their clients, a monthly survey showed on Wednesday. Data compiler IHS Markit said its final Purchasing Managers’ Index (PMI) fell to 43.2 points from 49.8 in February, slightly […]

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Global Stocks On Track For Worst Quarter Since 2008

U.S. futures tied to the Dow Jones Industrial Average ticked up 0.8%, suggesting that the gauge may climb for a second consecutive day after the opening bell in New York. That may still leave the blue-chip index down by the most since the three months ended December 2008, when the Dow plummeted almost 20%. The […]

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Economic Indicators: China Factory Activity Unexpectedly Expands

Factory activity in China unexpectedly expanded in March from a collapse the month before, but analysts caution that a durable near-term recovery is far from assured as the global coronavirus crisis knocks foreign demand and threatens a steep economic slump. China’s official Purchasing Managers’ Index (PMI) rose to 52 in March from a plunge to […]

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Global Stocks Fall as Oil Dips Below $20

Today’s Stock Market News { Monday – 30 March – 2020 } In Monday-afternoon trading in Hong Kong, S&P 500 futures rose about 1%, reversing earlier declines and suggesting that U.S. shares could rise at the start of the week. The yield on the 10-year U.S. Treasury note, a security that is seen as a […]

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Financial Markets – Top 5 Things to Watch This Week

The negative impact of the coronavirus pandemic on the U.S. labor market will begin to become more apparent this week. Friday’s nonfarm payrolls report for March is expected to show a large drop amid the lockdown in many cities and states that has shuttered businesses and sparked a massive wave of staff layoffs. Thursday’s jobless […]

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Trump Decides Against Quarantine for New York

“A lockdown is what they did in Wuhan, China, and we’re not in China,” Mr. Cuomo said on CNN Saturday evening. President Trump late Saturday said he would not seek a quarantine on New York, New Jersey and parts of Connecticut after raising the idea earlier in the day and said his administration would instead […]

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Stimulus Check Calculator

Congress just passed a $2 trillion stimulus bill to address the growing economic crisis caused by the coronavirus pandemic. Included are direct payments to many Americans. Individuals are eligible for up to $1,200 and couples would receive up to $2,400 — plus $500 per child. But the payments would start phasing out for individuals with […]

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Coronavirus Shows Cash Is King, Even for Biggest U.S. Companies

The fast-spreading coronavirus has prompted even the biggest U.S. companies to cut their spending and bolster their balance sheets, proving once again how cash is king, especially in times of crisis. After a decadelong U.S. economic expansion, not every company has entered this crisis with the same cash cushion. Apple Inc. ended the year with […]

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Deal Reached On $2 Trillion Coronavirus Stimulus Bill

Lawmakers and the Trump administration reached an agreement on an estimated $2 trillion stimulus package aimed at shielding the U.S. economy from the worst consequences of the coronavirus pandemic. The legislation, which congressional officials were set to continue to write throughout the early morning Wednesday, will provide direct financial checks to many Americans, drastically expand […]

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Financial Markets: European Shares Jump Again On Stimulus Bump

European shares rose on Wednesday following a strong rally in the previous session, as investors bet on unprecedented stimulus measures to ease the economic pain on businesses and households from the coronavirus pandemic. The pan-European STOXX 600 index (STOXX) was up 2.1% at 0804 GMT, with energy (SXEP), industrials (SXNP), financials (SXFP) and miners (SXPP) […]

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Stocks Rebounded Aggressively From A Three-Year Low

Stocks rebounded aggressively from a three-year low Tuesday as traders hoped U.S. lawmakers were close to an agreement on a stimulus bill to rescue the economy from the damage caused by the coronavirus. Today Stock Market News Economic Indicators Business Commodities Insights The Dow soared more than 1,600 points, or 8.7%. The S&P 500 gained […]

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U.S. Futures And Global Equities Rise After Fed Move

U.S. stock-index futures and global equities rose after the Federal Reserve stepped up its assistance to the American economy, saying it would back lending to businesses and buy essentially unlimited amounts of government debt. S&P 500 futures gained more than 3% in early afternoon trading on Tuesday in Hong Kong, suggesting U.S. shares could rise […]

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Financial Markets – Top 5 Things to Watch This Week

This week market watchers will be looking at economic data releases for early indications of the scale of the impact from the coronavirus pandemic, but the main focus will continue to be on the response from governments and central banks who are ramping up stimulus measures amid market fears over whether steps announced so far […]

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Airbnb Racks Up Hundreds Of Millions In Losses Due To Coronavirus

Airbnb Inc. wrestles with escalating losses due to the devastating impact of the coronavirus pandemic on its global business. The pandemic has thrown into disarray Airbnb’s plans to go public this year, and the company’s board and investors are divided over the best path forward, according to people familiar with the matter. The San Francisco-based […]

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These Five Warning Signs Highlight Virus’s Rapid Economic Impact

The economic losses from the coronavirus have transitioned from hints of serious difficulties just a week ago to a devastating stoppage at countless U.S. restaurants, hotels, movie theaters, gyms and other service providers, with millions of employees now idled. While still largely invisible in the mostly dated official economic data, the destruction is clear in […]

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Coronavirus Deaths Top 10,000 Globally

The number of deaths from the novel coronavirus world-wide doubled in a week to more than 10,000 on Friday. Deaths from the pneumonia-causing pathogen have more than quadrupled in the U.S. over the past week to 205, while confirmed infections in the country have surged to 14,250 from around 1,700 on March 13. The majority […]

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Goldman: U.S. Measures Could Support Oil Prices Near Term

Supply restraint by core-OPEC producers could push second-quarter Brent oil prices up to $30 a barrel, while U.S. measures to support the market could underpin prices in the near term, Goldman Sachs (NYSE:GS) said in a research note. Citing Wall Street Journal reports that the United States was considering intervening in the ongoing Saudi-Russian price […]

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Stock Market Today: Technology Sector Leads A Turnaround

Stocks turned higher Thursday, erasing losses from earlier in the day as sharp gains in tech shares led to a turnaround. The Dow was up more than 400 points, or 2.1%. The S&P 500 was up 1.5%, while the Nasdaq outperformed with a 3.2% surge. Shares of Netflix and Facebook rose 7.6% and 5.8%, respectively. […]

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World Leaders Rush In To Shore Up Panic-Hit Global Financial System

World leaders raced to shore up panic-stricken global markets on Thursday, pouring liquidity into the financial system as investors everywhere dumped assets, switching to dollars in cash amid the escalating coronavirus pandemic. Policymakers in the United States, Europe and Asia resorted to emergency action as the pandemic left their economies virtually comatose, with quarantined consumers, […]

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Coronavirus Infections Pass 200,000 Globally, Death Toll Tops 8,000

The rapid increase in world-wide cases reflects, in part, how people in many countries were unwittingly transmitting the respiratory virus before governments grasped the scale of the problem. There were more than 205,000 confirmed cases of the disease known as Covid-19 on Wednesday, with infections outside of mainland China—where the epidemic began—now above 124,000, according […]

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Financial Markets Tumbles Again On Recession Fears

Trading in U.S. stock was again suspended almost immediately after the opening on Wednesday, after another huge wave of selling driven by fears of a coronavirus-induced recession. By 10 AM ET (1400 GMT), the Dow Jones Industrial Average was down 980 points, or 4.6% at 20,257 points, having tried and failed to break through the […]

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Amazon Stops Receiving Nonessential Products From Sellers

Amazon is suspending sellers from sending nonessential products to its U.S. and U.K. warehouses until April 5 in the latest move to free up inventory space for much-needed supplies that are in shortage as a result of the coronavirus outbreak. In a note sent to sellers Tuesday, Amazon said it is seeing increasing online shopping […]

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Traders Bet On Falling ‘Fear Gauge’

The volatility gauge tends to rise when markets fall and investors reach for stock protection through the options market. The VIX climbed to 82.69 Monday, topping its high of about 80 in 2008. After the financial crisis, trading derivatives tied to the VIX took off as people sought to profit from its swings. Create Apps […]

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Real Ways To Make Money Online Today

Internet offers many opportunities to make a lot of money. Whether you’re looking to make some fast cash, or you’re after long-term, more sustainable income-producing results, there are certainly ways you can make money online today. The truth is that making money online isn’t as difficsult as most make it out to seem. Best Books For Making Money { 2020 } […]

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Euro 2020 Football Tournament Set To Be Postponed

Uefa, European football’s governing body, will on Tuesday postpone this summer’s Euro 2020 Championships as the flagship tournament becomes the latest casualty of the coronavirus outbreak that has upended the global sporting calendar. The tournament will be delayed in an effort to allow the continent’s domestic leagues to finish their seasons and avoid multibillion-euro hits […]

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European Union Ban Entry All Schengen Area Borders

The European countries have discussed today the idea of introducing a ban on entry to the 26-state Schengen passport-free travel zone, which would cover all non-essential visits from third countries, with exemptions including for citizens of the Schengen area, people familiar with the work. The proposal was announced by the President of the EU Commission […]

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Emergency Measures Taken By The Federal Reserve May Not Be Enough To Ward Off A Coronavirus-Induced Great Recession

The decline underscores the level of worry among investors since the coronavirus pandemic escalated and disrupted supply chains, sidelined workers and infected tens of thousands of people. To combat the potential economic fallout, central banks and governments have put in place various stimulus measures. Those efforts, so far, have yet to stem the selloff. The […]

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Wall Street Sees Worst Drop Since 1987

U.S. stock markets fell the most since 1987 in early trading on Monday, having been suspended, limit down, almost immediately after trading started, as the shutdown of increasing swathes of public life in the U.S. brought home the scale of the coronavirus outbreak. By 9:50 AM ET (1350 GMT), the Dow Jones Industrial Average was […]

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Oil’s Spectacular Collapse Continues

Oil prices extended the gloom on Monday after a Saudi-Russian price war and an equities meltdown sparked by the coronavirus pandemic saw their biggest weekly losses in more than a decade. US benchmark West Texas Intermediate (WTI) briefly fell below $30 a barrel, or 5.5 percent, in morning Asian trade before regaining its footing. Day […]

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Rescue Bids By Fed Fail To Calm Panicky Markets

Stock markets were routed and the dollar stumbled on Monday after the Federal Reserve slashed interest rates in an emergency move and its major peers offered cheap U.S. dollars to ease a ruinous logjam in global lending markets. European markets were also poised to open sharply lower, with EUROSTOXX 50 futures down 3.4% and FTSE […]

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Financial Markets – Top 5 Things to Watch This Week

After a week that saw global stock markets crash with the coronavirus outbreak ending a years-long bull run global central banks will be under more pressure to act in order to maintain the flow of support for economies and for those most hard hit by the virus. The Federal Reserve is expected to slash its […]

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Investors Prepare For More Market Swings As Virus Spreads

With one of Wall Street‘s wildest weeks in recent memory now in the history books, investors are bracing for more uncertainty and big market swings ahead. Overwhelmingly, caution remains the watchword for investors and analysts reeling from a week that saw all three U.S. exchanges confirm bear markets, oil prices plummet to multiyear lows and […]

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Coronavirus Measures Put New Limits on Daily Life

Governments have imposed a series of measures to limit gatherings of large numbers of people in an effort to slow the spread of the coronavirus, which has killed 5,829 and infected 156,169 since emerging late last year in China, according to data compiled by Johns Hopkins University. Coronavirus: What is it and how to protect […]

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Aramco Profits Plunge

Saudi Aramco on Sunday said it plans to cut capital spending in the wake of the coronavirus outbreak, and also posted a plunge in profit for last year, missing forecasts in its first earnings announcement as a listed company. Oil, God and Gold: The Story of Aramco and the Saudi Kings Saudi Arabia‘s decision last […]

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American Airlines Cutting International Flights By 75%

American Airlines Inc said Saturday it plans to cut 75% of its international flights through May 6 and ground nearly all its widebody fleet, as airlines respond to the global collapse in travel demand due to the coronavirus pandemic. American Airlines Magazines The dramatic announcement by the largest U.S. airline came hours after the White […]

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Apple Closes All Its Stores

Apple said the stores would be closed until March 27 in light of the worsening spread of the virus, which according to figures from Johns Hopkins University has killed 5,429 and infected 145,369. Hourly workers will continue to be paid, and workers across the company will be allowed to work remotely if their jobs permit […]

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How A Virus Upended The World Economy

The virulent invader, which swept through Asia and Europe, is leading many U.S. businesses to hoard cash, pare spending and rethink how they operate without knowing how long the troubles will last. Some that lost business may never get that revenue back. Thinner profit margins and a focus on cost cutting mean some firms may […]

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U.S. Stocks Extend Losses After Trading Halt

The global market selloff that plunged U.S. stocks into a bear market continued at a furious pace Thursday, as investors absorbed news of a travel ban between the U.S. and Europe and fear over the impact of coronavirus continued. The S&P 500 shed 7% shortly after the opening bell, plunging the index into bear market […]

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World Health Organization Declares COVID-19 a ‘Pandemic’

◊ Coronavirus Declared Global Pandemic ◊ U.S. stocks headed back towards lows Wednesday as investors awaited further details on stimulus measures proposed by the White House to curb the impact of the novel coronavirus, which has become a pandemic, according to the the World Health Organization. The S&P 500 slipped 3.91%, Nasdaq Composite lost 3.58% […]

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Financial Markets – Volatility Increases

The Dow Jones Industrial Average dropped 822 points, or 3.3%. The S&P 500 fell 3.1%, and the Nasdaq Composite lost 2.7%. The declines continued a volatile week that saw stocks plunge Monday only to recover much of their losses Tuesday. A closely watched measure of turbulence in U.S. stocks, the Cboe Volatility Index, was hovering […]

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Financial Markets Buffeted Again By Virus Concerns

U.S. stock futures, world shares and Treasury yields all headed lower on Wednesday, pointing to sustained doubts about the ability of governments and central banks to combat the economic headwinds caused by the novel coronavirus. The fresh downdraft in Asian trading hours followed two tumultuous days marked by a violent global selloff and a sharp […]

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Warren Buffett Is Still Bullish On Stocks And The Long-Term Market

The Oracle of Omaha is still bullish on stocks and the long-term market. The recent coronavirus-related volatility in the stock market was enough to rattle even the most confident market bull. However, beloved investing guru and Berkshire Hathaway (BRK.A, BRK.B) CEO Warren Buffett is always around to deliver his textbook calm, pragmatic advice and reassurance […]

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International Markets Regained Ground After The Worst Day In 12 Years

International markets regained ground after Monday’s bruising selloff, with American stock futures gaining 2.6%, as investors welcomed the prospect of new U.S. tax cuts and other measures to counter the economic pain caused by the coronavirus. President Trump said Monday his administration would discuss several proposals with Congress, including a possible payroll-tax cut and help […]

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Virus Fears Push Stocks Closer To A Bear Market

The Dow Jones Industrial Average suffered its worst decline since 2008 and at one point came within 65 points of touching a bear market. For the day, the Dow sank 2,013.76 points, or 7.8%, to 23851.02. It was the first time the Dow lost more than 2,000 points in a session. The S&P 500 fell […]

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Bull Market Is Over …

“The 11-year bull market is over,” said Peter Cecchini, the chief market strategist at Cantor Fitzgerald, noting that it isn’t just about an official 20% drop. Mr. Cecchini said central banks suppressed interest rates over the years, and that became a big narrative investors used to justify buying stocks. Meanwhile, signs have emerged that global […]

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Coronavirus Cases Outside China Tripled In Past Week

There were 29,306 cases outside mainland China, versus around 10,000 a week ago. The U.S. tally rose to 554 cases, with 21 deaths. The world-wide death toll stood at 3,825—the bulk of it in China, especially in the central city of Wuhan, which first reported the pneumonia-causing virus in December. Italy has the second-highest number […]

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Global Markets In Turmoil As Oil Plunges

Oil plunged more than 25%, 10-year Treasury yields dipped below 0.4%, stocks dropped, and currencies swung as the prospect of an energy glut ratcheted up turmoil across markets world-wide. Investors are responding to Saudi Arabia’s decision over the weekend to cut most of its oil prices and boost output, despite existing threats to demand from […]

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Financial Markets – Top 5 Things to Watch This Week

All eyes will be on the European Central Bank this week as global central bankers try to respond to the economic risk posed by the coronavirus threat. The ECB, which meets on Thursday, has less room to act than the Federal Reserve but market watchers still see a good chance of a rate cut. The […]

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Coronavirus: The Italian Government Is Locking Down 17 Million People

A decree from the Italian Prime Minister’s office says people living in Lombardy, where Milan is the capital, and the named provinces in Lombardy’s nearby regions must “absolutely avoid any movement into and out of the areas.” Police, emergency services and if needed the army will be available to enforce the quarantine. People violating the […]

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COVID-19 Risk Rises For U.S. And Global Economies

Financial markets and economic forecasters are warning of rising risks for the U.S. and global economy, which were improving before the novel coronavirus spread from China around the world. Discover 7 Ways to Create a Sustainable, Passive Income for Life A buoyant U.S. job market had fueled strong consumer spending and cushioned the economy through […]

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Berkshire Hathaway Backs Away From Canadian Gas Project

Berkshire Hathaway Inc. has backed out of financing a major gas project in the Canadian province of Quebec, prompting worries that international investors are increasingly shunning the country after protests over another energy project. Warren Buffett’s conglomerate pulled out of providing roughly 4 billion Canadian dollars ($2.99 billion) in equity financing for the Énergie Saguenay […]

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Most Reliable Online Broker In 2020

What is the best stock trading platform for 2020? ….  How To Choose The Most Reliable Online Broker in 2020 … To evaluate brokers, you should look at the following factors: >>> Commissions >>> Account Minimum >>> Account Fees >>> Your Trading Style and Tech Needs >>> Promotions Look at commissions on the investments you’ll […]

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China January-February Exports Tumble

China’s exports contracted sharply in the first two months of the year, and imports slowed, as the health crisis triggered by the coronavirus outbreak caused massive disruptions to business operations, global supply chains and economic activity. The gloomy trade report is likely to reinforce fears that China’s economic growth halved in the first quarter to […]

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Financial Markets – Investors Retreat From Stocks

Investors continued to pile into safe-haven assets Friday, pushing the yield on long-term U.S. government bonds to unprecedented levels and setting gold up for its best week in over a decade. The yield on the benchmark 10-year Treasury sank below 0.8% for the first time. Stock futures also retreated, with contracts linked to the Dow […]

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OPEC Agrees To Drastic Oil Cuts

The plan approved Thursday by the Organization of the Petroleum Exporting Countries would involve production cuts of 1 million barrels a day through the end of June to be shared among its 13 member nations. It also calls for another 500,000 barrels of daily cuts to be divided among the cartel’s 10 Russia-led oil-producing allies. […]

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Coronavirus Fears Hammer Europe’s Tourism Industry

The long line to get into St. Peter’s Basilica in Rome is gone. The coronavirus outbreak in Europe is scaring away travelers and hammering tourism just as the high season is getting under way. Thousands of people have canceled their trips to the region since the disease began to spread in Italy last month, drying […]

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U.S. Index Futures Drop With Investors Weighing Virus Threat

U.S. equity-index futures extended drops as investors weighed whether global efforts to contain the coronavirus outbreak will be enough to soften its economic impact. S&P 500 index futures contracts expiring in March slid 1.3% at 8:50 a.m. in London. Contracts dropped 1.2% for the Dow Jones Industrial Average and 1.1% for the Nasdaq 100. In […]

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Australian Economic Growth Picks Up But Outlook Cloudy On Virus Fears

Australia’s economy expanded by more than expected last quarter, erasing the risk of a recession even as raging bushfires and the coronavirus crisis wreaked havoc with tourism and travel at the start of the new year. Wednesday’s data from the Australian Bureau of Statistics (ABS) showed the A$2 trillion ($1.3 trillion) economy accelerated by 0.5% […]

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Wall Street Tries To Recover From Massive Sell-Off

Stocks rose sharply on Monday in volatile trading as Wall Street attempted to pare losses incurred during the worst week since the financial crisis amid fears of the coronavirus outbreak. The Dow Jones Industrial Average traded 576 points higher, or 2.3%. The S&P 500 and the Nasdaq Composite climbed 2% each. “The market has been […]

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China Economy Seen in Deeper Contraction on Factory Drop

China’s economy could be heading for a worse-than-expected first-quarter contraction after the country’s manufacturing sector reported activity at a record low in February due to the coronavirus outbreak. The manufacturing purchasing managers’ index plunged to 35.7 in February from 50 the previous month, according to data released by the National Bureau of Statistics on Saturday. […]

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Global Markets – Top 5 Things to Watch This Week

The week will start after Saturday’s data showing a record contraction in China’s manufacturing and service sectors because of the coronavirus outbreak, underlining the extent of the potential impact on the broader global economy. Discover 7 Ways to Create a Sustainable, Passive Income for Life – By Robert Kiyosaki. Investors will also be closely watching […]

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China Makes Bad Loans Disappear as Virus Pummels Banks

Chinese banks are taking extraordinary measures to avoid recognizing bad loans, seeking to shield themselves and cash-strapped borrowers from the economic fallout of the coronavirus outbreak. Some of the measures, which include rolling over loans to companies at risk of missing payment deadlines and relaxing guidelines on how to categorize overdue debt, have the explicit […]

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Wall Street Slips Into Correction Territory

Wall Street‘s main indexes fell for the sixth straight session and slipped into correction territory on Thursday, as the rapid spread of the coronavirus outside China intensified fears about the hit to economic growth and corporate earnings. The S&P 500 and Nasdaq are now more than 10% below their intraday record highs hit on Feb. […]

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Ways To Save $5,000 This Year { 2020 }

Discover 7 Ways to Create a Sustainable, Passive Income for Life – By Robert Kiyosaki. Wouldn’t it be nice if money grew on trees? Although you’ll never find dollar bills sprouting from your favorite oak tree, you can uncover money in other places. By spending some time dissecting your spending habits and scrutinizing your expenses, […]

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Pandemic Fears Pummel Stocks

Stocks sunk deeper into the red on Thursday, oil prices fell and U.S. Treasuries rallied into record territory as more signs of the global spread of the coronavirus heightened fears of a pandemic. Global markets have dropped for six straight days, wiping out more than $3.6 trillion in value. Much remains unknown about the virus […]

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Today’s Stock Market News – Oil Prices Fell On Monday

Oil Steadied Above $56 A Barrel After Two Days Of Declines

Oil steadied above $56 a barrel on Tuesday after two days of declines as OPEC output cuts and Libyan supply losses balanced concerns about the spread of the coronavirus and its impact on oil demand. Crude fell almost 4% on Monday, with other commodities also reporting losses while U.S. and European equities suffered their steepest […]

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European Shares Steady As Selling Pressure Eases

European shares bounced back on Tuesday after recording their worst losses since June 2016 in the previous session, with investors assessing the economic hit of a coronavirus outbreak that has spread far beyond China. Markets across the globe attempted to stabilize, with the pan-European STOXX 600 index (STOXX) rising 0.6%. After a 5.4% tumble on […]

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Moderna Inc. Ships First Experimental Coronavirus Vaccine For Human Tests

Drugmaker Moderna Inc. has shipped the first batch of its rapidly developed coronavirus vaccine to U.S. government researchers, who will launch the first human tests of whether the experimental shot could help suppress the epidemic originating in China. Moderna on Monday sent vaccine vials from its Norwood, Mass., manufacturing plant to the National Institute of Allergy […]

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