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Tag: Breaking News: Markets

Oil rises: Demand may not recover until 2025, according to IEA

Oil rises: Demand may not recover until 2025, according to IEA

Investing.com – After recording drops on Monday due to the resumption of production in the Gulf of Mexico and the end of strikes in Norway, WTI crude rose this Tuesday to recover $ 40 a barrel, as did the Brent , at $ 42. All this, on the day that the International Energy Agency (IEA) estimates that global energy […]

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 […]

Lost screen real estate, Citi’s new ‘world headquarters’

Lost screen real estate, Citi’s new ‘world headquarters’

A man cleans up on the trading floor, following traders testing positive for Coronavirus disease (COVID-19), at the New York Stock Exchange (NYSE) in New York, U.S., March 19, 2020. Lucas Jackson | Reuters The coronavirus pandemic has roiled capital markets, but it has also led to something that was once unthinkable on Wall Street: […]

Worst jobs report in a decade, oil surging

Worst jobs report in a decade, oil surging

People walk on Wall St. outside the New York Stock Exchange, August 7, 2019. Brendan McDermid | Reuters An abysmal March jobs report gives a glimpse of the devastating economic damage caused by the coronavirus pandemic. Another surge in oil prices on expected output cuts limited the losses in the stock market. Amid wild trading, […]

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,” […]

Dow down 500, second quarter begins, Trump’s warning

Dow down 500, second quarter begins, Trump’s warning

A man runs past the New York Stock Exchange (NYSE). Bloomberg This is a live blog. Check back for updates. 11:02 am: ‘The other bomb that’s dropping’ — Cramer’s warning as first shale company files for chapter 11 Analysts have warned that falling oil prices will lead to a wave of consolidation or bankruptcies in the […]

Dow’s worst first quarter ever, S&P 500’s worst month since ’08

Dow’s worst first quarter ever, S&P 500’s worst month since ’08

The market is wrapping up a brutal quarter as investors search for a bottom in the fastest bear market ever amid the coronavirus crisis. The Dow Jones Industrial Average is on track to post its worst first quarter in history, but the recent sharp rebound raises the question if the worst is behind us. Here’s […]

Consumer confidence tumbles in March as coronavirus cases surge

Consumer confidence tumbles in March as coronavirus cases surge

A measure of U.S. consumer confidence fell sharply in March as people grapple with the global coronavirus outbreak.  The Conference Board said Tuesday its consumer confidence index dropped to 120 this month from 132.6 in February. To be sure, the print was better than the 110 number economists polled by Dow Jones expected. “Consumer confidence declined […]

Dow jumps 400 points after virus measures extended

Dow jumps 400 points after virus measures extended

Stocks rose on Monday, building on a strong rally from last week as the U.S. extends measures to contain the coronavirus outbreak.  The Dow Jones Industrial Average was up 476 points, or 2.2%. The S&P 500 climbed 2.5% while the Nasdaq Composite traded 2.8% higher. President Donald Trump said at a news conference Sunday the national […]

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 […]