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Finding Opportunities in Emerging Markets

  • Finding Opportunities in Emerging Markets Finding Opportunities in Emerging Markets 0:59
    The Repo Market, Explained The Repo Market, Explained 5:01
    What to Expect for Big Bank Earnings What to Expect for Big Bank Earnings 2:33
    Bank of America on the Next Major Trade Development Bank of America on the Next Major Trade Development 1:38
6:22 a.m. Today - By Sunny Oh
10-year Treasury yield carves out new all-time low as stocks take a beating The 10-year U.S.Treasury yield set a new all-time low of 1.322%U.S. Treasury yields around break-even levels on Tuesday a day after the benchmark maturity came perilously near breaching its all-time low amid heightened concerns around the COVID-19 outbreak.
4:43 a.m. Today - By Brian Frank
China faces the possibility of a financial crisis, which would send a shockwave through the world Chinese bank failures, loan defaults and supply-chain disruptions would put a dent in global GDP Chinese bank failures, loan defaults and supply-chain disruptions would put a dent in global GDP, writes Brian Frank.
4:17 a.m. Today - By Tomi Kilgore
Financial stocks bounce slightly, but Treasury yields extend declineFinancial stocks appeared set for a light bounce Tuesday, after the previous session's drubbing, although Treasury yields continued to fall to fresh lows. The SPDR Financial Select Sector ETF gained 0.4% in premarket trading, after falling 3.3% on Monday, as the yield on 10-year Treasury note fell to on the back of concerns over how the global spread of COVID-19 could hurt the economy. Among the more active bank stocks in Tuesday's premarket, shares of J.P. Morgan Chase & Co. slipped 0.1%, Bank of America Corp. gained 0.4%, Citigroup Inc. tacked on 0.4% and Wells Fargo & Co. rose 0.7%. On Tuesday, declined 1.1 basis points to 1.366%. Declining longer-term yields can crimp bank profits as they can narrow the spread banks earn on longer-term assets that are funded with shorter-term liabilities. Meanwhile, futures for the Dow Jones Industrial Average rose 104 points, or 0.4%.
2:54 a.m. Today - By Ciara Linnane
China government orders state banks to issue more loans to small businesses hurt by coronavirusThe Chinese government has introduced a string of measures ordering state banks to issue more loans and cutting taxes for small businesses hurt by the coronavirus, the Wall Street Journal reported on Tuesday. At a meeting led by Premier Li Keqiang, the State Council said it would increase by 500 billion yuan ($71.2 billion) the relending quota for banks to lend to small companies and farmers, the paper reported. The council also lowered the interest rate of the funding facility by 0.25 percentage point to guide down financing costs for businesses. State banks were ordered to come up with CNY350 billion in special loans that will serve small businesses but charge low interest rates. The council said loans to small businesses and farmers need to grow 30% in the first half of the year from the year-earlier period. Companies in Hubei Province, home to the city of Wuhan where the virus first emerged late last year, will be given a longer grace period to repay bank loans as many are still struggling to resume production amid continued quarantine conditions.
12:48 a.m. Feb. 24, 2020 - By Brett Arends
Morgan Stanley is paying $2,500 per customer for E-Trade. You can earn a $3,500 sign-up bonus for signing with a new broker — with one major catch ‘Moving a balance to a new brokerage can net you a nice reward’‘Moving a balance to a new brokerage can net you a nice reward.’
1:42 a.m. Feb. 23, 2020 - By Jacob Passy
Bloomberg once appeared to blame the financial crisis on the end of redlining — how this discriminatory practice still hurts Americans Redlining policies have had a lasting impact on the U.S. housing marketRedlining policies have had a lasting impact on the U.S. housing market.
9:47 a.m. Feb. 22, 2020 - By Leida Snow
3 hard lessons I learned after letting a bank manage my money What to know before hiring a financial adviser at a bankAn adviser pressured me to let him manage my account, and it took a year to extricate myself.
5:40 a.m. Feb. 22, 2020 - By Ciara Linnane
Morgan Stanley’s $13 billion E-Trade deal raises questions about ‘too big to fail’ Deal is biggest by a major U.S. bank since 2008 financial crisis and comes after President Trump rolled back rules for banksMorgan Stanley said Thursday that is acquiring discount brokerage E-Trade Financial Corp. in an all-stock deal valued at $13 billion that is the biggest for a major U.S. bank since the 2008 financial crisis.
4:29 p.m. Feb. 21, 2020 - Barrons.com
Wall Street Takes Over Main Street Morgan Stanley’s deal for E*Trade heats up big banks’ race to land more retail investors.
9:21 a.m. Feb. 21, 2020 - By Joy Wiltermuth
Finance is ‘doomed’ to repeat past mistakes without a major diversity shake-up, warns head of industry group The goal is for more diversity in the industry in five to seven yearsA corner of Wall Street that fueled the subprime mortgage crisis wants to see more women and people of color put in charge of calling the shots in finance, says Michael Bright, CEO of the Structured Finance Association.
7:19 a.m. Feb. 21, 2020 - By Sunny Oh
Here’s three reasons why the 30-year Treasury yield plunged to a record low The 10-year Treasury note yield also fell below the key 1.50% level on FridayThe U.S. 30-year Treasury bond yield dropped to an all time low on Friday, sparking worries among investors who wonder what it’s saying about the economy’s future prospects.
5:59 a.m. Feb. 21, 2020 - By Steve Goldstein
European stocks drift lower as virus spread offsets data showing better economyEuropean stocks slipped on Friday, as worries about the coronavirus spreading beyond China offset indications the economy is improving.
5:16 a.m. Feb. 21, 2020 - By Greg Robb
All-star economists urge Fed to use QE and ‘new tools’ to fight next recession — just move sooner and go bigger than crisis Central banks should be humble about likely effectiveness of these toolsDoubts of the ability of global central banks to combat the next recession persist. One group of market economist suggests they throw caution to the wind and move quickly with their new tools.
4:37 a.m. Feb. 21, 2020 - By Jacob Passy
Bernie Sanders wants to spend $70B to modernize public housing, Pete Buttigieg wants to regulate landlords — where the Democratic candidates stand on affordable housing ‘For the first time in recent memory, affordable housing is a topic on the presidential campaign trail,’ said Diane Yentel, president and CEO of the National Low Income Housing Coalition‘For the first time in recent memory, affordable housing is a topic on the presidential campaign trail,’ said Diane Yentel, president and CEO of the National Low Income Housing Coalition.
4:17 a.m. Feb. 21, 2020 - By Tomi Kilgore
Financial stocks in broad decline as 10-year Treasury yield falls below 1.5%Financial stocks were suffering broad weakness in the premarket session, as the 10-year Treasury yield dropped below the 1.5% mark for . The SPDR Financial Select Sector ETF shed 0.7% ahead of the open. Among the ETF's more-active components, shares of J.P. Morgan Chase & Co. slid 0.9% to pace all the Dow Jones Industrial Average components in losses ahead of the open, Bank of America Corp. fell 0.7% and Citigroup Inc. fell 0.7%. The 10-year Treasury yield declined 4.5 basis points to 1.480%, amid concerns that the economic impact of COVID-19 may not be contained to China. Lower longer-term yields can weigh on bank earnings, as it narrows the spread between what banks earn on longer-term assets, like loans, which are funded by shorter-term liabilities.
2:11 a.m. Feb. 21, 2020 - By Tonya Garcia
L Brands will see a boost by taking Victoria’s Secret private, but Bank of America wanted a ‘clean break’ Analysts call Bath & Body Works, now a stand-alone company, ‘one of the best growth stories in retail’L Brands will own a stand-alone Bath & Body Works, which analysts say is poised to grow in earnings and sales.
4:55 a.m. Feb. 20, 2020 - Barrons.com
Morgan Stanley Is Buying E*Trade in Tilt Toward Main Street Clients Shares of Morgan Stanley were dropping in response to news of the deal, while E*Trade soared by double digits.
6:29 a.m. Feb. 19, 2020 - By Lina Saigol
Why a surprise €4.9 billion Italian bank merger won’t spark an M&A spree for Europe’s banksShares in Italian bank UBI Banca surge 23% after its larger rival Intesa makes surprise €4.9 takeover bid
8:24 a.m. Feb. 18, 2020 - Barrons.com
How Deutsche Bank Helped Finance Donald Trump’s Political Rise In “Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction,” David Enrich of the New York Times traces the relationship between the president and the bank that loaned him billions.
2:34 a.m. Feb. 18, 2020 - By Barbara Kollmeyer
HSBC and Glencore drag London stocks into the redA sharp fall in the FTSE 100’s most heavily weighted stock — HSBC — dragged the U.K. index deep into the red on Tuesday
1:10 a.m. Feb. 18, 2020 - By Barbara Kollmeyer
European chip stocks tumble on Apple warning, while HSBC slumps on profit slide UBI Banca soars on surprise offer from Intesa Sanpaolo1European stocks under pressure a day after Apple warns on its fourth-quarter guidance, owing to fallout from the coronavirus. Chip makers were in the firing line, while HSBC also slid on a profit plunge and potentially 35,000 job cuts.
1:09 a.m. Feb. 18, 2020 - Barrons.com
European Stocks Are Falling Because of Apple’s Coronavirus Warning European stocks are lower for Tuesday as an Apple warning rattles across markets, hitting tech stocks especially. HSBC is dragging down the banking sector after a big profit slump and restructuring plans.
10:10 p.m. Feb. 16, 2020 - Associated Press
Asian markets mixed as Japan’s economy skids, China cuts rates Nikkei sinks, while stocks tick up in Hong Kong, mainland ChinaMarkets were mixed in Asia on Monday, with Japan’s benchmark slipping after the government reported the economy contracted 6.3% in annual terms in the last quarter. China’s shares got a boost after the central bank stepped in to help the economy with a rate cut, extra buying of securities and tax cuts.
5:26 a.m. Feb. 16, 2020 - By Elisabeth Buchwald
More Americans feel confident about taking on debt in 2020, even as delinquencies rise ‘Transitions into delinquency among credit-card borrowers have steadily risen since 2016, notably among younger borrowers’‘Transitions into delinquency among credit-card borrowers have steadily risen since 2016, notably among younger borrowers.’
7:01 a.m. Feb. 14, 2020 - By Sunny Oh
Bond funds notch biggest weekly inflows since 2001, BofA reports By BofA’s count, global central banks cumulatively have cut rates 800 times since Lehman’s bankruptcy back in 2008Even as rates continue to fall, investor demand for bonds shows no signs of ending.
1:30 a.m. Feb. 14, 2020 - Barrons.com
Coronavirus Brings China's Debt Problem Back Into Light Epidemic places local debt back among central concerns haunting the world’s second-largest economy.
1:23 a.m. Feb. 14, 2020 - By Dieter Holger
RBS pledges to end coal financing and put stricter rules on oil companiesThe Royal Bank of Scotland Group PLC said Friday that it would end financing for coal by 2030 and place stricter rules on oil-and-gas majors, joining other banks that have made similar sustainability moves as investors and the public demand action on climate change.
4:34 p.m. Feb. 13, 2020 - MarketWatch
Fed's Williams: 2019 rate cuts cleared growth pathNEW YORK -- Federal Reserve Bank of New York President John Williams said Thursday the central bank's rate cuts last year put the economy on a path to continue its expansion, and he said what happens next with interest-rate policy depends on what happens with the data.
7:18 a.m. Feb. 13, 2020 - Barrons.com
Lloyds Stock Is a Post-Brexit ‘Pure U.K. Banking Play’ Lloyds Banking Group stock is cheap and highly geared to the U.K. economy, and it’s also paying a hefty dividend.
1:24 a.m. Feb. 13, 2020 - Associated Press
A Trump Fed choice, Judy Shelton, faces Senate scrutiny over policy viewsOne of President Donald Trump’s nominees for the Federal Reserve will likely face skeptical questioning from a Senate committee Thursday over her unconventional economic views.
12:21 p.m. Feb. 11, 2020 - Barrons.com
Finding Opportunities in Emerging MarketsDiana Amoa of J.P. Morgan Asset Management discusses the potential for looser monetary conditions from central banks in response to coronavirus. She explains that such conditions could create opportunities for investors within emerging markets.
7:19 a.m. Feb. 11, 2020 - Barrons.com
Podcast: General Electric Shows Signs of Life How the iconic American manufacturer lost its way—and how it can make its way back. Al Root is this week’s guest on Barron’s podcast The Readback.
11:36 p.m. Feb. 10, 2020 - By Steve Goldstein
Credit Suisse upgrades HSBC as it starts coverage on other U.K. banksCredit Suisse upgraded its view on HSBC to outperform from neutral as started coverage on other U.K. banks -- it's rated Royal Bank of Scotland as outperform, it's neutral on Lloyds and Barclays and it's underperform on Standard Chartered .
2:19 a.m. Feb. 10, 2020 - By Steve Goldstein
Irish banks slump after election as European stocks slipShares in Irish banks slumped on Monday after a surprisingly strong showing for the Sinn Féin party in the country’s general election, as European stocks drifted lower more broadly.
1:59 a.m. Feb. 10, 2020 - By William Watts
Why ‘buy-the-dip’ is the stock market’s default setting — and what it would take for that to change A supply-chain hit could undercut central-bank backstopInvestors made crystal clear this past week that they aren’t ready to abandon the “buy-the-dip” response to stock market pullbacks, despite warnings the tried-and-true approach may soon meet its match.
12:25 a.m. Feb. 10, 2020 - Barrons.com
Irish Stocks Pounded by Concerns Over Sinn Féin Irish banks and real estate companies slumped on Monday on concerns over the impact of the general election, as European stocks more broadly drifted lower.
2:15 p.m. Feb. 9, 2020 - MarketWatch
Wildfires to test Australia's recession-free runSYDNEY -- Natural disasters are unpredictable events with broadly predictable results: a destruction of property and wealth, but no lasting impact on economic growth. Australia's wildfires, which have ravaged more than 26,000 square miles of land and killed at least 30 people, will be the latest big test of that view.
3:00 p.m. Feb. 7, 2020 - Barrons.com
Wall Street Has Its Own Brand of Pawn Stars FirstCash operates more than 2,600 pawnshops in the U.S. and Latin America. The business is built for a slowdown, whenever it arrives.
8:58 a.m. Feb. 7, 2020 - Barrons.com
Banks Face Tougher ‘Stress Tests’ This Year. Why That’s Stressing One Analyst Out. Banks this year will have to prove they’re able to weather a global recession that drives the U.S. unemployment rate up to 10%, among other disaster scenarios.
8:09 a.m. Feb. 7, 2020 - By Greg Robb
Coronavirus outbreak is a new risk to U.S. outlook, Fed report says Fragility in China’s financial sector may make the world’s second-largest economy vulnerable to adverse shocks‘Fragilities’ in China’s corporate, financial sector leave the Asian giant vulnerable to adverse shocks, and this is a near-term risk to the U.S. financial system, according to a report released by the Federal Reserve on Friday.
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