U.S. Treasury yields are sliding, and that could negatively impact financial institutions, CNBC’s Jim Cramer said Monday. “Worries about a worldwide slowdown mean people will buy [U.S.] Treasurys, and when people buy Treasurys, interest rates go down,” the “Mad Money” host said. “Lower long-term rates translate to lower earnings for the banks, which is why […]
Tag: Markets
Bath & Body Works could see soap sales surge as coronavirus spreads
Roberto Machado Noa | LightRocket | Getty Images Bath & Body Works owner L Brands could be poised to benefit from an increase in sales of its soaps and hand sanitizers as consumers try to protect themselves from the spread of the deadly coronavirus, an analyst said Monday. The retailer “could experience (and meet) a […]
Currencycloud raises $80 million in funding round backed by Visa
Visa Inc. credit and debit cards are arranged for a photograph in Washington, D.C., U.S., on Monday, April 22, 2019. Andrew Harrer | Bloomberg | Getty Images Financial technology start-up Currencycloud, which powers cross-border payments for a number of popular finance apps, has raised $80 million in a funding round backed by Visa. Based in […]
Earnings could spark a significant sell-off, Art Hogan warns
Long-time market bull Art Hogan is on pullback alert. With the busiest period of earnings season kicking off this week, the National Securities chief market strategist warns conditions are ripe for a significant move lower. “Stocks are relatively priced for perfection, and you tend to have a bit of an overreaction to bad news or […]
How coronavirus is beginning to hit China’s economy
BEIJING — Preliminary information present the dimensions at which the coronavirus outbreak is affecting the Chinese economic system. At a particular press convention on Sunday, Chinese officers indicated the illness will stay a problem for the close to future. The instant impression was seen in a drop within the movement of passengers. In an […]
Third US case of coronavirus confirmed in California: health officials
The third U.S. case of the brand new coronavirus has been confirmed in Orange County, California, the OC Health Care Agency’s Communicable Disease Control Division introduced in a press launch Sunday. “The OC Health Care Agency’s (HCA) Communicable Disease Control Division obtained affirmation from the Centers for Disease Control and Prevention (CDC) this night […]
Hong Kong leader declares citywide virus emergency over coronavirus
Lam introduced a package deal of measures aimed toward limiting the Asian monetary hub’s connections to mainland China. Flights and excessive velocity prepare journeys between Hong Kong and the Chinese metropolis of Wuhan shall be halted, and annual official Lunar New Year celebrations for town have been scrapped. Hong Kong well being authorities have confirmed […]
Climate crisis investors putting money towards sustainable future
The dangers of local weather change are already impacting traders, with more and more frequent local weather disasters like wildfires, drought, flooding and heatwaves threatening enterprise operations and properties the world over. Many traders are actually selecting to funnel their cash into investments that handle local weather change danger, and asset managers are dashing […]
Intel, American Express, Disney, Broadcom & more
Intel (INTC) – Intel reported quarterly revenue of $1.52 per share, beating the consensus estimate of $1.25. The chipmaker’s income additionally exceeded Wall Street forecasts, helped by an enchancment in private laptop and knowledge middle demand. Intel additionally gave an upbeat current-quarter outlook, in addition to asserting a 5% dividend enhance. Walt Disney […]
US futures point to slightly higher open on Wall Street
Global equities have been subdued not too long ago by fears of the China coronavirus spreading, with the dying toll rising to 26 and the variety of confirmed instances growing to 830. The virus originated in China, however instances have additionally been reported within the U.S., Japan, and South Korea. The World Health Organization […]
