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March 28, 2020
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Crazy volatility forces Wall Street strategists to suspend S&P 500 targets

CNBC
CNBC – For more and to sign up click here 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......
CNBC Business

The US economy has come to a standstill, satellite imagery shows

CNBC
CNBC – For more and to sign up click here American Airlines planes parked in Tulsa, Oklahoma. American Airlines The coronavirus crisis is bringing the United States economy to a screeching halt, with every sector feeling the effects of most of the country’s workforce staying home. Satellite imagery combined with......
CNBC Business

The traditional 60/40 retirement portfolio of stocks and bonds loses 20% for only the fourth time

CNBC
CNBC – For more and to sign up click here The coronavirus crisis has punished the blameless across the world this year. That includes investors who did the supposed “right thing,” by keeping a balanced portfolio to fund long-term gains, just as the experts advise. As the stock-market cascaded to......
CNBC Business

Philippines sees largest daily rise in deaths, India turns to idled trains

CNBC
CNBC – For more and to sign up click here This is CNBC’s 24-hour blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This live blog will be updated throughout the day as the news breaks.  All times below are in Eastern......
CNBC Business

China reports 54 new cases, says they are ‘imported’

CNBC
CNBC – For more and to sign up click here A worker wearing protective suit checks the body temperature of an employee at the entrance of OrbusNeich Medical (Shenzhen) Co. Ltd amid the coronavirus outbreak on March 6, 2020 in Shenzhen, Guangdong Province of China. Chen Wen | China News......
CNBC Business

Hospital supplier Owens & Minor expanding capacity to meet PPE demands

CNBC
CNBC – For more and to sign up click here Hospital supplier Owens & Minor added shifts and expanded factory production time to meet global demand for personal protective equipment in the fight against the coronavirus pandemic. As demand continues to grow exponentially, the Virginia-based company is ramping up production......
CNBC Business

Instacart updates pay, safety guidelines as workers plan Monday strike

CNBC
CNBC – For more and to sign up click here InstaCart employees fulfill orders for delivery Patrick T. Fallon | Bloomberg | Getty Images A group of Instacart shoppers is planning a nationwide strike on Monday to protest the grocery delivery app’s response to the coronavirus outbreak. It comes at......
CNBC Business

Growth of government, corporate debt a Faustian bargain

CNBC
CNBC – For more and to sign up click here Guggenheim global CIO Scott Minerd will appear on CNBC’s “Fast Money” on Friday evening. The show begins at 5 p.m. Eastern time.  “In Goethe’s 1831 drama ‘Faust,’ the devil persuades a bankrupt emperor to print and spend vast quantities of......
CNBC Business

What could be ‘shocker’ economic reports may test stocks in week ahead

CNBC
CNBC – For more and to sign up click here People make face shields at the Brooklyn Navy Yard where local industrial firms have begun manufacturing Personal Protective Equipment (PPE) on March 26, 2020 in New York City. Eduardo Munoz Alvarez | Getty Images Everything from auto sales to manufacturing......
Reuters - Business

Stocks down on virus’ economic toll; dollar falls further

Reuters
NEW YORK (Reuters) – Stocks across the globe fell on Friday after a historic three-day run-up, as skittish investors kept indices on track for their worst monthly and quarterly performances since 2008, while the dollar fell by the most in any week since 2009. Shares on Wall Street ended near......
CNBC Business

Stocks ease after 3-day rally

CNBC
CNBC – For more and to sign up click here A person wearing a face mask walks along Wall Street after further cases of coronavirus were confirmed in New York, March 6, 2020. Andrew Kelly | Reuters Dow Jones Industrial Average falls 915 points The Dow closed 915.39 points lower,......
CNBC Business

The Fed’s balance sheet just passed $5 trillion for the first time ever

CNBC
CNBC – For more and to sign up click here Though its efforts to keep markets running and boost the economy are just getting into gear, the Federal Reserve’s asset portfolio has reached levels never seen before. The central bank’s balance sheet, which consists largely of bonds and other assets......
CNBC Business

Stocks snap 3-day win streak, Dow down 900

CNBC
CNBC – For more and to sign up click here This is a live blog. Check back for updates. 10:47 am: Wall Street analysts upgrade stocks on hopes the market has bottomed Deutsche Bank upgraded Qualcomm to buy from hold. Bank of America downgraded JPMorgan to neutral from buy. Loop Capital......
CNBC Business

US consumer sentiment falls to lowest level in more than 3 years

CNBC
CNBC – For more and to sign up click here Doug Hassebroek shops with a protective mask during the outbreak of coronavirus disease (COVID-19) in Brooklyn, New York, March 25, 2020. Caitlin Ochs | Reuters U.S. consumer sentiment fell to a three-year low as the coronavirus outbreak ramps up, according......
CNBC Business

Stock market just had a bounce for the record books but faces big tests

CNBC
CNBC – For more and to sign up click here Bank of America has sent more than 100 employees to work in a backup office in Connecticut. Tetra Images | Getty In just a few days, major stock indexes have made back more than half their losses, but technical analysts......
CNBC Business

Leon Cooperman optimistic stock market bottomed on coronavirus fears

CNBC
CNBC – For more and to sign up click here Billionaire investor Leon Cooperman told CNBC on Friday that he’s optimistic that the stock market has bottomed on coronavirus fears. “If I’m right on the virus call, if I’m right and that’s the big if … I think the market at the......
Reuters - Business

‘Maximum bearish’: funds in record rush to cash in past week

Reuters
LONDON (Reuters) – Investors rushed into cash and out of bonds at a record pace over the past week as the coronavirus pandemic caused mayhem in markets, BofA said on Friday, though it noted a key positioning signal at “maximum bearish” could signal a big rally ahead. FILE PHOTO: A......
CNBC Business

UK’s Boris Johnson tests positive, Spain’s death toll spikes

CNBC
CNBC – For more and to sign up click here This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.  Global cases: More than 542,700 Global deaths:......
Reuters - Business

European shares fall as investors take stock of spreading virus

Reuters
LONDON (Reuters) – European stocks fell on Friday, halting their biggest ever three-day rally in a sign investors were focusing once more on the spread of the coronavirus pandemic despite hopes for further stimulus measures to combat its economic impact. FILE PHOTO: A general view shows the German share prize......
CNBC Business

5 things to know before the stock market opens March 27, 2020

CNBC
CNBC – For more and to sign up click here 1. Dow set to drop after best three-day rally in 89 years Dow futures were pointing to an over 600-point decline at Friday’s open. Questions are emerging on whether the House can organize a vote before the weekend on the massive......

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