Month: April 2020

It appears that Berkshire Hathaway chairman is handling the COVID-19 crisis in much the same way as the Great Recession As the coronavirus crisis unfolds, many are asking, “Where in the world is Warren Buffett?” They want to hear and see more from America’s most literary and famed investor, noted […]

The Federal Reserve added smaller municipalities on Monday to its $2.3 trillion debt-buying program to help shore up Main Street businesses, municipalities and credit markets during the coronavirus pandemic. The inclusion of smaller U.S. locales to the Fed’s $500 billion municipal lending facility means that cities with at least 250,000 residents now can […]

Treasury Secretary Steven Mnuchin told Fox News on Sunday that he believes that the economy is going to bounce back quite quickly over the summer once states start to reopen. “I think as we begin to reopen the economy in May and June, you’re going to see the economy really […]

Bondholders in particularly hard-hit sectors like energy, travel and leisure have another issue to watch for as companies struggle to survive the economic shutdown — getting demoted by new debt issues. This phenomenon is known in the market as getting “primed” or “layered.” It’s when a company in need of […]

U.S. stocks continued to recover Wednesday, ending higher for the first time in three days, as investors gained confidence from stabilizing crude oil markets, some better-than-expected corporate earnings reports, and news of another fiscal stimulus package from Congress. How did benchmarks perform?  The Dow Jones Industrial Average DJIA, +1.98% advanced 456.94 points, or […]

All major U.S. stock indexes have risen more than 20% from their March lows. Despite weakness on Monday and Tuesday this week, investors remain confident that the worst of the coronavirus epidemic is behind and that unprecedented intervention by the Federal Reserve will keep asset prices high. But Tony Dwyer, […]

European markets are set to open lower on Tuesday as investor concerns over the coronavirus outbreak continue and oil market volatility remains in focus. London’s FTSE index was seen opening 106 points lower at 5,690, Germany’s DAX — 185 points lower at 10,466, France’s CAC 40 — 77 points lower at 4,439, and Italy’s FTSE MIB — 393 […]

Earnings from IBM, Netflix, Coca-Cola and dozens of other companies are expected this week. But with state shutdowns reaching the one-month milestone, the market is more likely to trade on virus headlines and news about reopening the economy. There are also some important economic reports including one on existing home sales coming out on […]

U.S. stock futures surged late Thursday after a report of promising results from Gilead (GILD), who are currently testing a drug for treatment of COVID-19 patients, and after Trump outlined the plan for the re-opening of the U.S. economy. Futures contracts pointed to a gain of more than 800 points, or […]

According to Wall Street analysts, stocks have plenty of room to run up further as an overwhelming policy response to the coronavirus pandemic the potential for a fourth-quarter economic rebound is accompanied by the potential bursting of the “fear bubble.” But the road may get more difficult after mid-year, says […]