The disconnect between the stock market and underlying fundamentals continues to arouse concerns. Stocks have continued to edge higher in total disregard of the economic turmoil owing to COVID-19 shocks. While the S&P 500 is up by more than 5% for the year, the rally does not paint a clear picture of the underlying developments,
Stocks closed down for the beginning of the week today with the Dow Jones reporting a loss of 1.44% to close at 28,195.42, the NASDAQ down 1.65% to close at 11,478.88 and the S&P 500 reporting a loss of 1.63% to close at 3,426.92. STOXX Europe also closed down 0.28% today to close at 366.45.
It’s coming up to earnings announcement time for two of the biggest 2020 companies and next week we’ll see if the results meet the hype. The first company, Netflix, has been one of the biggest gainers during the COVID pandemic, and is expected to have very good results as people have continued moving away
Results and analysis are in for the first month of consumer spending after the $600 unemployment boost was out, and what happened shouldn’t be a surprise to many. Spending levels in households that were employed remained relatively flat but those who received the unemployment are burning through the savings they grabbed at an alarming rate.
A coronavirus vaccine could be made available in the U.S before the end of the year. Drug maker Pfizer has confirmed that it could file for U.S authorization of its novel coronavirus vaccine in late November. The announcement should heave a sigh of relief as it comes just days after two companies were forced to
President Donald Trump Administration is already planning for the future as drug maker’s inch closer to gaining regulatory approval for coronavirus vaccines. The administration has confirmed that senior citizens in long-term healthcare facilities will get a vaccine free of charge once made available. Clinical trials The announcement comes at a time when most drug-makers working
The market closed today with mixed numbers heading into the weekend. The Dow closed up 0.39% at 28,606.31 and the S&P 500 closed up 0.01% at 3,483.81. On the other hand the NASDAQ closed down 0.36% at 11,671.56. STOXX Europe closed up 1.26% at 367.48. Overall, it’s a mixed message for what’s coming as we
Some of the top economists are saying that the end of the pandemic could also mark the start of a financial crisis. Though we’ve long known that the economy is heading in the wrong direction as a result of the pandemic, it appears that there could be even more danger at stake for the industry.
The biggest aviation mechanical bungle of the last decade is almost ready to fly again. That’s great news for everyone related to the airline industry. Carriers will be able to finally upgrade their fleets, the Federal Aviation Administration will be able to lose that cloud of doubt over their fast tracking regulation process, the manufacturers
Fleetwood Mac ‘Dreams’ is at the epicenter of one of the biggest challenges on viral video sharing platform TikTok. Just days after Nathan Apodaca rose to prominence with the original selfie-video skateboarding on Idaho highway jamming to the song while sipping Ocean Spray Raspberry Juice, songstress Stevie Nicks has once again excited viewers on the
Bitcoin has what it takes to rally past the $15,000 level after the U.S election. Those are sentiments shared by crypto index fund provider Stack Funds. The report also highlights that the flagship crypto could smash past the $12,000 level that has emerged as a critical resistance level soon. Bitcoin Price Analysis The cryptocurrency has
All three markets closed down yet again today as we come into the weekend. With the Dow closing down 0.07% at 28,494.20, the S&P 500 closing down 0.15% at 3,483.34 and the NADAQ closing down 0.47% at 11,713.87. STOXX Europe saw a decrease of 2.10% to close at 362.83. Two types of stocks seem to
The current virus situation is still spreading and it seems that there’s a whole lot of people struggling to get by in more ways than before. In fact, there are plenty of people who wanted to get back to their normal life over the summer and were pushing to get rid of masks. But that
This week in the labor market jobless claims jumped another 53,000 to 898,000 for the week ending October 10th, after the initial tally of 845,000 and industry experts expected around 800,000. That level of increase is likely because of more widespread outbreaks of COVID are affecting the job market like they did in March and
Blockchain and cryptocurrencies are the new themes taking the investment world by storm, given the benefits the two continue to offer in the ever-growing global digital economy. Mainstream institutions are increasingly taking note of the two as they promise to enhance operations in various sectors. DHS Blockchain Investment The U.S Homeland Security is the latest
Real estate has been one of the bright spots even as the pandemic continues to take a toll on investment sentiments in the capital markets. Investors and firms are increasingly flocking to the real estate sector in pursuit of highly discounted properties. Real Estate Acquisitions Alexandria Real Estate has been on an acquisition spree, having
Walmart is working on their Deals for Days option instead of a standard Black Friday which just might change the landscape of Black Friday and other retail shopping days. But are they going to be able to compete with other retailers that are also running these types of specials? Walmart announced that they would be
While the market has partially recovered over the past few months another major investing voice is sounding alarm bells. Hards Marks, well known investor and writer and a co-founder and co-chairman of Oaktree Capital, a group that specializes in distressed securities, is now saying that even if a new stimulus deal gets passed to help
The Exchange Traded Fund market has been heating up, in-line with the bullish momentum in the overall stock market. Investors are increasingly investing in this asset class to gain a broader exposure to the market as well as diversify investment portfolios. Disruptive exchange-traded fund, GraniteShares has since been named as the best commodity ETF issuer
Jitters in the $1.5 trillion high-yield corporate bond market, is one of the factors that investors should watch out for when trying to gauge sell-off in the stock market. Tightening credit and capital outflow in the bond market has always been an early warning sign for investors to start taking flight from riskier assets altogether.
The California appeals court is finally hearing some of the arguments from gig workers in their lawsuit. The Tuesday appearance allowed them to hear arguments from lawyers for Uber Technologies as well as Lyft Inc. and the state of California itself. The argument is whether or not the state is able to recognize the drivers
The Dow Jones has closed down for the first time in several days, followed by the S&P 500 that saw a slight decrease. On the other hand the NASDAQ saw an increase that will help to improve their share of the market. The Dow Jones fell 129 points, while the S&P 500 fell 5.25 points.
It’s looking like a vital launch sequence from Apple during the COVID pandemic will be one of the most important ones they have had in years. The event, scheduled for today, is supposed to bring the first generation of 5G iPhones as well as possibly 5G capable tablets. The new phone generation is going to
Twilio was one of the big movers as the company announced it has reached an agreement to acquire customer data infrastructure company, Segment. The Cloud communications provider is to pay $3.2 billion in Class A common stock to close the deal. Segment Acquisition The deal values Segment close to $1.5 billion and should close before
The global economy is facing its biggest test yet, since the 2009 financial crisis, owing to the effects of COVID-19. Things are threatening to get out of hand with the Organization for Economic Cooperation and Development OECD warning of the potential impact of unilateral digital tax that could trigger a trade war. Digital Tax Uncertainty
The Columbus Day holiday in the United States has affected some of the markets for the day. While the standard New York Stock Exchange was open, the federal government remains closed, resulting in no changes to the bond market. All three of the New York Stock Exchange markets closed up today with the Dow closing
Members of the old Rockefeller Standard Oil family are asking large banks to pressure current oil companies to behave in a more environmentally friendly way. The announcement said that “financial leaders of today embrace innovation and move beyond profits of fossil fuels to develop banking models that will excel in a zero-carbon world.” The
There are some very influential investors that are warning others that there is a drop-off in the stock market on the horizon and getting yourself prepared is a necessity. Considering the volatility that has been 2020 so far and the previous seven plus years of overall increases in the investment market the number of warning
Hacking personal finance is crucial if one is to survive whatever life throws at them at a time when the global economy appears to be in turmoil. Successful financial planning is all about figuring goals first and then determining the necessary steps needed to achieve them. Likewise, Money Hacks by Lisa Rowan and Psychology of Money by Morgan Housel
Huawei is ready to flex its muscle, against the big boys even as it faces an uncertain future in the smartphone arena. The embattled Chinese tech giant is poised to release a slate of Mate 40 series phones on the heels of Google releasing a slate of 5G Android phones and the much-awaited Apple iPhone