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Markets Drop as New Coronavirus Cases Rise

  • Markets Drop as New Coronavirus Cases Rise Markets Drop as New Coronavirus Cases Rise 10:21
9:48 a.m. Sept. 18, 2020 - By Jonathan Burton
Billionaire investor Ray Dalio on capitalism’s crisis: The world is going to change ‘in shocking ways’ in the next five years Veteran hedge-fund manager says capitalists don’t divide the economic pie well, so the system isn’t working effectively for allVeteran hedge-fund manager says capitalists don’t divide the economic pie well, so the system isn’t working effectively for all.
11:05 a.m. Sept. 17, 2020 - By Ciara Linnane
Coronavirus update: Global cases near 30 million; Trump contradicts CDC head on vaccine timetable and again derides face masks WHO official says it’s important to have ‘consistent messaging’ on pandemic from all public officials The number of confirmed cases of the coronavirus that causes COVID-19 worldwide continued to head toward 30 million on Thursday, and the U.S. case tally climbed above 6.6 million, as President Donald Trump contradicted the head of the main U.S. public health agency to insist a vaccine would be ready in weeks.
9:54 a.m. Sept. 17, 2020 - By Myra P. Saefong
Gold prices lose 1% as traders react to Fed policyGold futures finish with a loss of 1% as commodity investors reacted to the monetary policy statement from the Federal Reserve, which indicated it intends to keep key interest rates near zero through 2023.
1:16 p.m. Sept. 16, 2020 - By Joy Wiltermuth
Stocks end mostly lower after Fed holds interest rates steady near zero, but underscores risks to economic recovery Powell says economic scars of unemployment, foreclosures and evictions a risk without additional fiscal stimulus from CongressU.S. benchmark stock index closed mostly lower Wednesday, after the Federal Reserve said it would likely hold interest rates near zero until at least 2023 given the outlook for inflation and employment in the wake of the coronavirus pandemic, but also indicated risks to the economy remain.
11:18 a.m. Sept. 8, 2020 - By Lina Saigol
Here’s how Julius Baer is helping its clients grow their wealth during the crisis Heavy trading by ultra rich clients helped Julius Baer to record profits in the first half of the year.
5:57 a.m. Aug. 30, 2020 - By Quentin Fottrell
An analysis of data from 28,000 patients sheds more light on blood-pressure issues and COVID-19 ‘At the start of the pandemic, there was concern that specific medications for high blood pressure could be linked with worse outcomes for COVID-19 patients’‘At the start of the pandemic, there was concern that specific medications for high blood pressure could be linked with worse outcomes for COVID-19 patients.’
7:21 a.m. Aug. 25, 2020 - By Lina Saigol
Global dividends suffer worst quarterly fall since financial crisis The worst-case scenario could see global shareholder payouts drop 25% on an underlying basis during 2020Dividends fell in every region of the world except in North America, thanks to the resilience of Canadian companies.
2:40 a.m. Aug. 24, 2020 - By Lina Saigol
Shares in Accor and IHG rise on merger speculation — a combination would create the world’s biggest hotel group Prolonged travel restrictions could put more than 197 million jobs in the global Travel & Tourism sector under threatA merger of France’s Accor and its U.K. rival IHG would create a group with 1.6 million rooms.
12:07 p.m. Aug. 19, 2020 - By Mark DeCambre
Dow ends lower to mark longest string of losses in 2 months and S&P 500, Nasdaq retreat after record highsThe S&P 500 and the Nasdaq finished lower on Wednesday after touching intraday highs during the session and the Dow industrials marked the longest losing skid in more than two months, as investors processed moves for the broader market that have taken it to new heights despite the pandemic. Stocks added to modest declines on Wednesday after the Federal Reserve at 2 p.m. Eastern Time released its minutes from its July 28-29 policy meeting, which showed that the central bank lowered its estimate for economic growth over the second half of the year. Fed officials say that the trajectory of the recovery from depends on the path of the COVID-19 pandemic. "Participants generally agreed that prospects for further substantial improvement in the labor market would depend on a broad an sustained reopening of businesses. In turn, such a reopening would depend in large part on the efficiency of health measures to limit the spread of the virus," the minutes said. The Dow Jones Industrial Average closed off 0.3% at 27,692, matching its longest losing streak for the period ended June 19, according to FactSet data. The S&P 500 index finished off 0.4% at 3,375, while the Nasdaq Composite Index closed off 0.6% at 11,146. All closing levels are on a preliminary basis. In corporate news, Apple Inc. briefly touched a market valuation exceeding $2 trillion dollars until pulling back. The move briefly made the iPhone maker the first company in the world to hit such a valuation. Apple shares finished up by about 0.1%. Separately, retailer Target Corp. booked a nearly 13% return after it produced better-than-expected profit and revenue.
5:41 a.m. Aug. 19, 2020 - By Pierre Briançon
Euro’s two-year high nudges ECB toward more bond-buyingThe European currency is now at its highest since May, 2018.
9:57 a.m. Aug. 14, 2020 - By Myra P. Saefong
Gold declines for the session, posts first weekly loss since early June Analyst calls gold’s price action ‘insane’ this weekGold futures end lower Friday, pulling back after two straight days of gains, with prices registering their first weekly loss in 10 weeks, pressured by recent strength in U.S. Treasury yields.
5:14 a.m. Aug. 14, 2020 - By Pierre Briançon
Brace for more stimulus from Johnson and the Bank of England, as U.K economy falls into recessionAs it considers the possibility of a second spike of the new coronavirus, the U.K. government will have to postpone plans to put public finances back in order.
3:57 a.m. Aug. 10, 2020 - Associated Press
Belarus police violently break up protests after disputed presidential election Opponents claim authoritarian Lukashenka regime manipulated resultsBelarus police and protesters clashed in the capital and the city of Brest on Sunday night after a presidential election in which the country’s longtime leader sought a sixth term despite rising discontent with his authoritarian rule and his cavalier dismissal of the coronavirus pandemic.
5:51 a.m. July 29, 2020 - By Barbara Kollmeyer
European stocks struggle amid earnings rush and as Fed decision looms Deutsche Bank, Santander, Barclays among stocks on the move European stocks tilted mostly lower on Wednesday as investors waded through a ton of corporate results, largely from big banks. A Federal Reserve decision is expected later.
3:37 p.m. July 25, 2020 - By Ciara Linnane
Coronavirus update: U.S. counts more than 1,000 fatalities for a fourth straight day as virus spread accelerates in South and West ‘What we have now are essentially three New Yorks, with these three major states,’ says Dr. Deborah Birx The coronavirus illness COVID-19 claimed another 1,100 lives in the U.S. in a single day to push the death toll above 145,000 on Saturday, marking a fourth straight day of more than a 1,000 U.S. fatalities.
3:15 a.m. July 22, 2020 - By Lina Saigol
Hedge funds are betting against British shopping mall operator Hammerson GLG Partners had the highest number of short positions on U.K.-listed companies so far in JulyBritish shopping mall operator Hammerson was the most shorted U.K.-listed company so far in July.
2:39 a.m. July 22, 2020 - By Ciara Linnane
Coronavirus update: U.S. case tally climbs above 3.8 million; President Trump appears to have changed his view on face masks IBM posts better-than-expected earnings, while Coca-Cola revenue is light but drinks giant expects worst of pandemic is pastThe number of confirmed cases of the coronavirus illness COVID-19 in the U.S. rose above 3.8 million on Tuesday, and President Donald Trump appeared to change his view of face masks in the face of falling poll numbers.
1:24 p.m. July 21, 2020 - By Mark DeCambre
Dow, S&P close higher as Covid-battered stocks surge, but off session’s best levels as tech sector sinks Gains for equities come even as gold is approaching its second-highest level in history, near $2,000 an ounceU.S. stock-indexes finish mostly higher Tuesday, but off the session’s best levels, as investors snap up beaten-down energy and financial stocks amid a slate of corporate earnings reports, including Coca-Cola and Lockheed Martin’s second-quarter results.
10:04 a.m. July 21, 2020 - By Myra P. Saefong
Gold settles at a nearly 9-year high and silver scores highest finish since 2014 on fiscal stimulus moves Silver futures rally by nearly 7%Gold futures climb Tuesday to settle at a nearly nine-year high and silver rallies to prices not seen since 2014, with the precious metals lifted by an agreement on a rescue plan by European leaders and expectations for additional spending by the U.S. government.
3:54 p.m. July 20, 2020 - By Rachel Koning Beals
Morgan Stanley will be first U.S. bank to disclose how much its loans and investments contribute to greenhouse-gas emissions The investment bank will advise the Partnership for Carbon Accounting Financials on standardizationMorgan Stanley will start measuring and disclosing lending portfolio greenhouse gas emissions and back the push toward universal climate-risk accounting — the first U.S. bank to take such actions.
11:20 a.m. July 18, 2020 - By Ciara Linnane
Coronavirus update: U.S. reports yet another record case tally for a single day while global cases top 14 million Florida is now the U.S. hot spot and Miami-Dade County is the epicenter with 77,866 infections and 2,866 fatalitiesThe U.S. counted yet another a daily record number of COVID-19 cases on Saturday, while the number of cases globally climbed above 14 million and some countries resumed restrictions on movement to contain the pandemic.
7:00 a.m. July 16, 2020 - By William Watts
ECB passes torch to Europe’s politicians on eve of summit on big spending planThe European Central Bank, as expected, took no action at its Thursday meeting as investors focus on a meeting of European Union leaders as they ponder a massive fiscal spending plan.
2:08 a.m. July 15, 2020 - By Ciara Linnane
Coronavirus update: Global cases of COVID-19 climb above 13 million as California, Hong Kong and India reimpose restrictions on movement Earnings season kicks off with bank earnings showing expected boost in loan loss provisions and strong trading and investment banking resultsThe number of confirmed cases of the coronavirus illness COVID-19 climbed above 13 million on Tuesday, and the world’s eighth biggest economy, California, moved to again temporarily shut down higher-risk businesses such as bars and restaurants after a spike in hospitalizations.
7:45 a.m. July 8, 2020 - By Steve Goldstein
Government debt is skyrocketing across the world. Here are their options, according to Barclays A cut to spending might be more difficult for some countries after the poor experience in Europe and the U.K. with austerity policiesU.S. debt-to-GDP is set to skyrocket by some 30 percentage points over the next two years. And other countries might be in even worse fiscal shape. What will they do?
12:35 p.m. July 7, 2020 - By Joy Wiltermuth
Dow ends nearly 400 points lower, U.S. stocks swoon, on doubts of quick economic recovery Trump starts process for U.S. to quit World Health OrganizationU.S. stocks on Tuesday tumbled in the final hour of trade, ending a 5-day win streak for the S&P 500, as investors grew more wary of the economic, public-health and policy response to the coronavirus pandemic.
2:41 a.m. July 6, 2020 - By Barbara Kollmeyer
Lloyds shares rise as bank says longtime CEO Horta-Osório will step downLloyds Banking Group’s longtime chief executive António Horta-Osório will step down next year, the bank said, in news that appeared to give shares a boost on Monday.
9:29 a.m. July 1, 2020 - By Andrew J. Scott
Why companies need to adapt to the longer-living worker Those who don't run the risk of losing valued employeesThe authors of ‘The New Long Life’ explain why and how employers need to better serve their older workers.
1:58 a.m. June 30, 2020 - By Selin Bucak
Sports are back on the pitch. So is private equity — and the competition is heating up For buyout groups that are persisting with the view that sport has significant growth potential, this has been a good time to buyBuyout groups are scouting for bargains among teams and leagues that are battling with the impact of COVID-19.
10:16 a.m. June 29, 2020 - By Myra P. Saefong
Gold futures end higher, but silver declines as investors eye impact of COVID-19’s rapid spreadGold futures on Monday end higher as evidence of a rapid spread in coronavirus cases supported buying the haven metal to start the week, but investor worries over industrial demand for silver pressure prices for the white metal.
5:13 a.m. June 29, 2020 - By Archie Mitchell
Drone deliveries and holograph shopping are being fast tracked thanks to coronavirus: here are some companies set to benefit Coronavirus has accelerated the shift to virtual reality shopping, and Walmart, Amazon and Ocado are driving the changeThe future of grocery shopping will involve shopping from home using virtual reality headsets and deliveries via drones and self-driving cars, according to this banker.
11:03 a.m. June 27, 2020 - By Brett Arends
Hot springs in January, no traffic, and universal health care — the best retirement escape you’ve never heard of It’s not very hard to get a Portuguese passport, says Bostonian Matt Patsky Oh, and it’s not too hard to immigrate, says Boston finance executive Matt Patsky.
4:50 a.m. June 26, 2020 - By Greg Robb
Central banks need to re-think rules on risk-taking at hedge funds, insurance companies and even corporations, IMF’s market division chief says Central banks did the right thing in being aggressive, fast and large, but there are consequences for risk takingEmergency actions by central banks to shore up the financial system in the face of the coronavirus pandemic earlier this year were appropriate, but regulators will need to re-think the rules about risk-taking for hedge funds and insurance companies, often called non-banks that operate in the “shadow banking system”, the top financial regulator at the International Monetary Fund says.
12:32 a.m. June 26, 2020 - By Barbara Kollmeyer
European stocks rise, but gains tempered by U.S. coronavirus concerns Lufthansa, H&M, Tesco and Wirecard on the moveEuropean stocks rose on Friday, brushing aside gloomy news on a record rise in coronavirus cases in the U.S., with gains for German business software group SAP SE and losses for Swedish retailer Hennes & Mauritz AB.
8:15 a.m. June 25, 2020 - By Michael Ashbaugh
Market cross currents resurface, S&P 500 weathers test of 200-day average Focus: Financials test major support ahead of stress tests, XLF, UPS, YETI, AU, ARWRU.S. stocks are mixed early Thursday, vacillating in the wake of an aggressive mid-week downdraft. Against this backdrop, the Nasdaq Composite has effectively nailed its breakout point (9,838) — and rallied from major support — while the S&P 500 has reversed early Thursday from its 200-day moving average.
7:23 a.m. June 24, 2020 - By Archie Mitchell
Here’s why demand for offices might shrink in London, denting property values and threatening investment funds Offices will remain important for companies, experts say, but many will continue to work from home when coronavirus lockdowns end The value of commercial real estate in the U.K. is under threat, as employees become more accustomed to working from home amid the outbreak of coronavirus.
5:03 a.m. June 24, 2020 - By Mohamed A. El-Erian
U.S. political squabbling could doom the world to lower growth, wider inequality and dangerously distorted markets, says Mohamed El-Erian The world still looks to the U.S. to lead on the economy, but America is in no shape to driveThe most likely outcome is lower growth, worsening inequality, distorted markets, and rising financial risks. But this outcome is not preordained, says Mohamed El-Erian.
5:00 a.m. June 24, 2020 - By Pierre Briançon
These indicators are meaningless to markets — here’s why they don’t mean muchMarkets shrugging off the rosy confidence surveys may tell us something basic: investors are learning how to navigate the treacherous roads of the coronavirus crisis, lined with misleading indicators that have, for now, lost their meanings.
6:52 a.m. June 23, 2020 - By Lina Saigol
U.K. car industry at risk of losing one in six jobs unless government extends support, trade body warns More than 6,000 U.K. automotive job cuts have been announced in June due to global lockdowns, closed markets and closed plantsOutput from the U.K.’s car plants could fall to the lowest level since 1953 when the Brexit transition period ends.
11:19 a.m. June 22, 2020 - By Myra P. Saefong
Oil ends higher as long-term demand outlook improves, but rise in global coronavirus cases limits gains WTI, Brent oil futures end at highest in over 3 monthsOil prices ended higher on Monday, marking the expiration of the July contract for U.S. benchmark crude futures, as an improvement in the longer-term outlook prompted one major investment bank to raise its price targets for the commodity. But a rise in cases of COVID-19 is dulling near-term prospects for energy demand, keeping a lid on price gains.
10:20 a.m. June 22, 2020 - By Myra P. Saefong
Gold futures climb to highest finish since mid-April as cases of COVID-19 riseGold futures climb on Monday to their highest finish in nearly 10 weeks, as investors closely watch infections across the world pick up, with South Korea declaring a second wave of the deadly pandemic and the World Health Organization announcing the largest single-day increase of cases on Sunday.
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