Month: April 2020

More than 3.8m Americans filed new claims for jobless benefits last week, bringing the six-week total since the start of the lockdowns to curb the coronavirus pandemic to more than 30m. The number of initial unemployment claims fell from 4.4m the previous week, the US labour department said on Thursday, against expectations of 3.5m. But
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In the first video of our new series explaining trading terminology, David Jones looks at one of the first things newbies see when they open a real account – leverage. What is it exactly? How does it work? Is there any way to see it in a real environment? All these questions and more are
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The Municipal Securities Rulemaking Board’s proposal to reserve two seats for municipal advisors is drawing protest from the broker-dealer community as the MSRB looks to how to reconfigure a possibly shrinking board of directors. In a Wednesday comment letter, the Securities Industry and Financial Markets Association said reserving two seats gives MAs too much representation
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Individuals and businesses earn income—money for providing goods or services or by investing capital in assets like individual retirement accounts (IRAs). Other sources of income include pensions or Social Security. This income may be used to fund day-to-day expenditures and necessities or to spend on things people want rather than need. Income can be divided
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The Federal Reserve said Wednesday it would keep its benchmark interest rate near zero in response to the economic shock from the coronavirus crisis. “The most significant responsibility of the Fed now is to make sure that credit markets continue to function,” said Greg McBride, chief financial analyst at Bankrate.com. “Without functioning credit markets, there will be no economic
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The U.S. government issues Treasury securities to fund the deficit between the amount of money that it takes in through taxes and other sources, and the amount of money that it spends on defense, welfare programs, and the interest it pays on its current debt. The government’s total debt is around $22 trillion. Roughly three-quarters
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Investors should look to sectors that lately have been “completely eviscerated” as the U.S. economy seeks to recover from the coronavirus crisis, Morgan Stanley’s Mike Wilson told CNBC on Tuesday.  “We’re bullish overall, and we just think there’s more upside in potentially some of the laggard areas,” Wilson said on “Fast Money.” “That’s not saying anything bad
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President Donald Trump plans to order meat-processing plants to remain open, as concerns mount about the food supply chain after the closure of a number of big facilities because of coronavirus outbreaks. Speaking to reporters on Tuesday afternoon, Mr Trump said his team was drafting an order that he would sign “over the next hour
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This article lists the top 20 names in the Index, along with their respective ticker symbols, index weighting, market capitalization, and trading price as of April 27, 2020. The S&P 500 Index is market cap weighted. This method divides the market cap of a company by an index’s total market capitalization to determine the weights.
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US oil prices fell sharply in volatile trading on Tuesday as concerns over storage capacity prompted fears the American crude benchmark could again plummet into negative territory. The West Texas Intermediate contract for June delivery fell 20 per cent to a low of $10.07 a barrel in early London trading, before regaining some of that
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Jeffrey Gundlach speaking at the Sohn conference in New York on May 4, 2016. David A. Grogan | CNBC Billionaire hedge fund manager Jeffrey Gundlach said a popular exchange-traded fund is incredibly overvalued given some of the Federal Reserve’s actions to support the economy during coronavirus pandemic. “The LQD looks to be about the most
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Dr Pepper soda in the warehouse at the Dr Pepper Snapple Group bottling plant in Louisville, Kentucky, in April 2015. Luke Sharrett | Bloomberg | Getty Images Check out the companies making headlines after the bell. Keurig Dr Pepper — The beverage company’s stock soared 7% in extended trading after Keurig Dr Pepper reported first-quarter earnings.
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In 1983, legendary commodity traders Richard Dennis and William Eckhardt held the turtle experiment to prove that anyone could be taught to trade. Using his own money and trading novices, how did the experiment fare? The Turtle Experiment By the early 1980s, Dennis was widely recognized in the trading world as an overwhelming success. He had turned an initial
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In the world of buying and selling stock options, choices are made in regards to which strategy is best when considering a trade. Investors who are bullish can buy a call or sell a put, whereas if they’re bearish, they can buy a put or sell a call.  There are many reasons to choose
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