Month: March 2020

At 8:30 a.m. EST on the first Friday of every month (with a rare exceptions), the U.S. Department of Labor’s Bureau of Labor Statistics (BLS) releases the Employment Situation Summary, otherwise known as the Employment or Jobs Report. Based on the Current Populations Survey, which surveys households, and the Current Employment Statistics Survey, which surveys
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Barry Sternlicht Cameron Costa | CNBC Barry Sternlicht, founder of investment firm Starwood Capital, told CNBC on Tuesday he supports President Donald Trump‘s desire to get America working again soon. Trump is ”kind of right” that the U.S. economy can’t remain virtually shut down forever because of the coronavirus crisis, Sternlicht said in a “Squawk Box” interview. ”We
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People look out from aboard the Grand Princess cruise ship, operated by Princess Cruises, as it maintains a holding pattern about 25 miles off the coast of San Francisco, California on March 8, 2020. Josh Edelson | AFP | Getty Images Check out the companies making headlines in midday trading.  Norwegian Cruise Line, Royal Caribbean,
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Public health officials are telling Americans to avoid face-to-face contact, including the commute to—and working in—one’s job location, in the hopes of subduing the coronavirus outbreak. As necessary as those steps might be from a medical standpoint, there’s a flipside to huddling up and avoiding the outside world for the foreseeable future: Large swaths of
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Learn more about the best Oil ETFs, whether you are bullish or bearish. Original Article:http://www.zacks.com/commentary/70469/which-are-the-best-etfs-to-play-oil VELOCITYSHARES 3X INVERSE CRUDE OIL ETN: http://www.zacks.com/funds/etf/DWTI/profile?cid=CS-YOUTUBE-FT-VID IPATH SP GSCI CRUDE OIL TR INDEX: http://www.zacks.com/funds/etf/OIL/profile?cid=CS-YOUTUBE-FT-VID US Oil Fund: http://www.zacks.com/funds/etf/USO/profile?cid=CS-YOUTUBE-FT-VID SPDR ENERGY SELECT SECTOR SPDR FUND: http://www.zacks.com/funds/etf/XLE/profile?cid=CS-YOUTUBE-FT-VID VANGUARD ENERGY ETF: http://www.zacks.com/funds/etf/VDE/profile?cid=CS-YOUTUBE-FT-VID ISHARES US ENERGY ETF: http://www.zacks.com/funds/etf/IYE/profile?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch
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Investors underestimate how an “unprecedented revenue destruction” caused by coronavirus will damage even the biggest, highly rated companies, culminating in a “full-on credit and liquidity crisis”, according to the head of an US investment group. Alan Waxman, the head of Sixth Street Partners, the $34bn-in-assets credit arm of private equity giant TPG, sent a bleak letter
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Shares in some life insurance companies have more than halved over the past few weeks as fears grow that the sector faces a double hit from coronavirus.  Life insurers are braced for higher payouts in the wake of the outbreak, but the bigger threat to their balance sheets, insurers and analysts say, are plunging markets
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The US is bracing for a historic wave of unemployment claims as businesses shed staff in an effort to ride out a pandemic that has caused demand for their products to collapse and cut entire industries off from their customers. In recent days, trade groups have told Washington that 1.7m jobs in retail, 3m-5m restaurant positions and
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Mitch McConnell has slammed Democrats’ refusal to back Senate Republicans’ proposals for a nearly $2tn economic stimulus package, in stark comments that call into question assurances from Steven Mnuchin, the US Treasury secretary, that a deal is “very close”. Mr McConnell, the Senate’s top Republican, said on Monday afternoon that Democrats were pushing a “wish
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Two weeks ago, traders at TwentyFour Asset Management came into the office after a weekend in which a global oil price war had erupted. The ensuing crash in crude made investors who were in the early stages of fretting about the coronavirus outbreak even more alarmed. The traders hoped to sell a “modest” holding of
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The Federal Reserve has committed to unlimited purchases of US Treasuries and agency mortgage-backed securities and set up additional lending tools to shore up struggling companies and financial markets. The new moves, announced on Monday, add monetary firepower to America’s efforts to support its economy through the coronavirus pandemic. “The Federal Reserve is committed to
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Pedestrians walk past an american multinational investment bank and financial services holding company JPMorgan Chase Bank branch. Alex Tsai | SOPA Images | Getty Images JPMorgan Chase said it was giving bank tellers and other “front-line employees” a one-time bonus of up to $1,000 to help cushion the difficulties of working during the coronavirus pandemic. 
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President Donald Trump has long pointed to the stock market’s success under his administration as a tangible endorsement of his economic policies and had often boasted about the Dow Jones Industrial Average’s gains since his election. That was, of course, before investors knew about the new coronavirus. With COVID-19 and measures to contain its spread
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