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Finance Tech, Trading

Stock futures struggle for direction after temporary boost from China factory data

March 31, 2020

Via: Market Watch

Stock-index futures flipped between small gains and losses Tuesday, after initially finding support following a rebound in Chinese manufacturing activity, as the country comes out of a lockdown due the coronavirus epidemic. What are the major indexes doing? Futures on […]


News

Huawei sees 2020 as most difficult and challenging year due to blacklisting by US

March 31, 2020

Via: TechRadar

Huawei Technologies rotating Chairman Eric Xu said that 2020 will be the most difficult and challenging year for the company despite reporting a 19.1% increase in revenues and a 5.6% in net profit in 2019. In a virtual press conference […]


Capital, Finance Tech, Trading

Profits of airline, travel and oil companies will be hardest hit by COVID-19

March 30, 2020

Via: USA TODAY

Sheltering in place, shutting down large parts of the economy and skyrocketing job losses due to coronavirus are bad for America’s health, the economy and for corporate profits. So be prepared for unsettling news when companies start reporting how much […]


Financial Services, Industries

JPMorgan says the coronavirus market rout has probably hit bottom already

March 30, 2020

Via: Fortune

Strategists at JPMorgan Chase & Co. have concluded that most risk assets — a universe that typically includes stocks and credit — have seen their low points for the recession that’s gripped economies around the world. Conditions that JPMorgan had […]


Energy, Industries

Oil edges lower as traders weigh global demand plunge versus stimulus

March 27, 2020

Via: Market Watch

Oil futures edged lower Friday, as traders continued to balance optimism over a $2 trillion U.S. fiscal stimulus package against a huge drop in demand as result of the global COVID-19 pandemic. West Texas Intermediate crude for May delivery CLK20, […]


Finance Tech, Trading

Dow, S&P 500 seen snapping a 3-day win streak as U.S. tops China in coronavirus cases

March 27, 2020

Via: Market Watch

U.S. stock-index futures on Friday were trading lower to end the week, after the Dow Jones Industrial Average and S&P 500 index booked their best three-day win streak since the 1930s on Thursday. However, investors are worried that there are […]


News

US economy grew at 2.1% rate in fourth quarter

March 26, 2020

Via: ABC News

The economy grew by a moderate 2.1% in the fourth quarter of last year, but many economists believe that will be the last positive growth seen for some time as the country endures a sharp contraction due to the impact […]


Industries, Others

Medicine, phones and strawberries: As passengers drop 90%, desperate airlines convert to cargo to stay afloat

March 26, 2020

Via: Fortune

Unable to fill planes with passengers as the coronavirus destroys travel demand, airlines are instead using their fleets to transport more cargo, including medicines, smartphones and Korean strawberries. The likes of Cathay Pacific Airways Ltd., Korean Air Lines Co. and […]


Finance Tech, Liquidity

Treasury yields struggle for direction as stimulus hopes contend against virus fears

March 25, 2020

Via: Market Watch

U.S. Treasury yields edged up in choppy trading on early Wednesday as investors struggled to balance news of a $2 trillion fiscal stimulus package agreement against broader worries about the ongoing infection rate and death toll from the COVID-19 pandemic. […]


Industries, Retail & Wholesale

Target sales jump 20% as shoppers stock up to face coronavirus

March 25, 2020

Via: Fortune

Americans stocking up on essentials as they hunker down during the ongoing coronavirus outbreak have sent sales at Target way up so far in March, even as the crisis creates various new challenges for the discount retailer. Target, considered an […]