untitled design

Tag: Breaking News: Investing

K+S could apparently get rid of US subsidiary Morton Salt soon – Shares are Bulling

K+S could apparently get rid of US subsidiary Morton Salt soon – Shares are Bulling

The fertilizer and salt producer K + S is apparently on the verge of reaching its goal in the planned sale of the American salt business. According to a report by the Bloomberg news agency, the US subsidiary Morton Salt will go to the Kissner Group for around three billion dollars or the equivalent of […]

Goldman CEO Solomon says ‘no question’ response to coronavirus slow

Goldman CEO Solomon says ‘no question’ response to coronavirus slow

Goldman Sachs CEO David Solomon said that while there is “no question” that the initial U.S. response to the coronavirus pandemic was slow, progress is now being made and a “path forward” from the crisis will emerge in coming weeks. “There’s no question, David, that we were late to this, we were slow to adapt,” […]

Crazy volatility forces Wall Street strategists to suspend S&P 500 targets

Crazy volatility forces Wall Street strategists to suspend S&P 500 targets

The stock market has gone so haywire amid the coronavirus crisis that some strategists on Wall Street are giving up on forecasting what comes next. Over the past week or so, chief market strategists at BMO, Oppenheimer and Canaccord Genuity have all suspended their year-end targets on the S&P 500, blaming the unprecedented economic uncertainty that makes projecting […]

Stocks snap 3-day win streak, Dow down 700

Stocks snap 3-day win streak, Dow down 700

This is a live blog. Check back for updates. 10:47 am: Wall Street analysts upgrade stocks on hopes the market has bottomed Deutsche Bank upgraded Qualcomm to buy from hold. Bank of America downgraded JPMorgan to neutral from buy. Loop Capital upgraded Home Depot to buy from hold. JPMorgan upgraded Deere to neutral from underweight. Bank […]

Bank of America says the recession already here

Bank of America says the recession already here

Bank of America warned investors on Thursday that a coronavirus-induced recession is no longer avoidable — it’s already here. “We are officially declaring that the economy has fallen into a recession … joining the rest of the world, and it is a deep plunge,” Bank of America U.S. economist Michelle Meyer wrote in a note. “Jobs […]

Not every bear market is accompanied by an economic recession, but chances are high

Not every bear market is accompanied by an economic recession, but chances are high

The end to the record-long bull market is now a reality. However, entering a bear market doesn’t always mean a recession is upon us, history shows. This week, the S&P 500 and the Dow Jones Industrial Average entered bear markets, ending their historic 11-year bull runs.  A bear market marks a 20% decline from all-time highs. As a […]

Oil a ‘bigger problem for markets than the coronavirus’ after OPEC deal collapse

Oil a ‘bigger problem for markets than the coronavirus’ after OPEC deal collapse

A derek pumps in an oil field in Kuwait near the Saudi Arabian border. Joe Raedle | Getty Images Oil prices plunged last week as OPEC and its allies failed to reach an agreement on production cuts, and as prices look set to continue cratering, some are warning about the impact on the broader economy. “Crude […]

Investors brace for more volatility as wild swings become ‘new normal’

Investors brace for more volatility as wild swings become ‘new normal’

Traders work during the opening bell at the New York Stock Exchange (NYSE) on February 28, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images The S&P 500 has never behaved like this, but Wall Street strategists say get used to it.  Investors just witnessed the equity benchmark swinging […]

Citigroup traders joins other banks in coronavirus precaution

Citigroup traders joins other banks in coronavirus precaution

A man runs past the New York Stock Exchange (NYSE). Bloomberg Hundreds of Wall Street traders are about to change their commute starting Monday. Citigroup is sending traders and salespeople from its headquarters in downtown Manhattan to a backup facility in Rutherford, New Jersey, next week in contingency plans tied to the coronavirus, according to […]