A United Parcel Service worker delivers packages on April 29, 2020 in New York City. Stephanie Keith | Getty Images Half of the S&P 500 companies have reported earnings for the first quarter and this has been the strangest earnings season imaginable. Consider: Global activity has ground to a halt in some sectors, but
Month: April 2020
Western Digital hard drives are shown for sale at an Office Depot Inc store in Encinitas, California. Mike Blake | Reuters Check out the companies making headlines after the bell. Amazon — The e-commerce giant’s stock tumbled 5% in extended trading after the company posted its first-quarter financial results. The company reported first-quarter earnings of
Peathegee Inc Homeowners in New Jersey are getting a little bit of breathing room on their property taxes. Gov. Phil Murphy signed an executive order permitting municipalities to shift the property tax payment deadline from May 1 to June 1. The Garden State is home to the highest levies on property in the nation, with
The cryptocurrency market might have had a horrid time over the past few weeks, but things have changed this week. Much of the reversal in fortunes is possibly tied to the upcoming Bitcoin halvening event. Why the Sudden Jump? The world’s biggest cryptocurrency by market cap has been in the doldrums due to the coronavirus-induced
Illinois headed into the COVID-19 pandemic in weaker overall fiscal shape than the previous year as tax revenue fell short of offsetting the state’s obligations. The state’s net position of governmental activities for fiscal year 2019 eroded by $4 billion, pushing the deficit up to a negative $193.1 billion from $189.1 billion, according to the
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
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
Welcome to Traders TV Tuesday and today we have a question from Paul that asks “Do you need to go to school or have a college degree to become a successful stock trader?” Well, Paul if you’re talking about the traditional sense in terms of education which I assume you are, you don’t need to
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
The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, April 26, 2020. Jeena Moon | Reuters As encouraging as the market comeback this month has been, Wall Street has little faith in it. A leveling out of
Royal Dutch Shell cut its dividend for the first time since the second world war as the drop in oil prices triggered by the coronavirus pandemic nearly halved its quarterly earnings. Net income adjusted for cost of supply — its preferred profit measure — dropped to $2.9bn in the three months to March 31. This
The U.S. central bank, the Federal Reserve, has a dual mandate: to work to achieve low unemployment and stable prices. During a recession, unemployment rises and prices sometimes fall in a process known as deflation. The Fed, in the case of steep economic downturns, may take dramatic steps to suppress unemployment and bolster prices both
The Sedco 714 oil platform, operated by Transocean, stands in the Port of Cromarty Firth in Cromarty, United Kingdom, on February 16, 2016. Matthew Lloyd | Bloomberg | Getty Images Check out the companies making headlines after the bell. Facebook — The social media giant’s stock soared 10% in extended trading after the company reported
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
The belly of the municipal yield curve is experiencing little constructive activity as participants rely on the Federal Reserve for short-end support and put their trust in the ultimate recovery of issuers with long-end investment. The primary digested a massive $1.12 billion bond offering from New York Power Authority. The entire deal was structured to
The Federal Reserve kept its main interest rate close to zero on Wednesday, as officials weighed the impact of the heavy dose of liquidity and stimulus already delivered to the US economy in the last two months. At the end of a two-day meeting on Wednesday, the Federal Open Market Committee stopped short of any
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
Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer said Wednesday that positive news from Gilead Sciences about a potential treatment for the coronavirus marked a turning point in the fight against Covid-19. “What I regard this as is the beginning of the end of the true nightmare, which is that it’s a death sentence,” Cramer said on
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
In February 2015, RadioShack (RSHCQ), a renowned electronics store, filed for Chapter 11 bankruptcy protection following many financial and operational missteps. The company had too many stores that cannibalized revenues from each other and generated losses. RadioShack failed to adapt and stay relevant when most electronics sales shifted online, and the retailer was stuck in
A woman walks in the rain outside the New York Stock Exchange (NYSE) in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York, April 13, 2020. Andrew Kelly | Reuters I know this sounds strange, but this was a good day for the stock market, even with
The Roomba robot vacuum from iRobot iRobot Check out the companies making headlines after the bell. Alphabet — Google’s parent company saw its stock rise 7% in extended trading after the company reported first-quarter financial results. Alphabet said it had revenue growth of 13% in the first quarter. It reported earnings of $9.87 per share
Almost all markets across the world have been in turmoil owing to the economic uncertainties brought about by the coronavirus pandemic, and in that regard, the crypto market has been no different. However, one of the major cryptocurrencies to have made a remarkable recovery since hitting its lowest levels in March is Ethereum (ETH), and
A view of an apartment building in the Chelsea neighborhood of Manhattan, New York City. Drew Angerer | Getty Images As job losses and unemployment continue to increase as a result of the coronavirus pandemic, more than half of Americans who rent their residence say they lack confidence they will be able to pay May
The secondary market saw yields rise again by at least five or six basis points. New deals were priced but issuers faced yield concessions. The market isn’t facing 50-basis-point swings, but its footing is still off as participants grapple with the long-term effects of the pandemic. Additionally, the market will potentially see bonds maturing in
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
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.
CNBC’s Jim Cramer on Monday doubled down on his preference for stock picking over index investing. The former hedge fund manager presented a list of market bright spots that span more than one dozen industries he said are working in this coronavirus-plagued market. “You want to remember this list the next time the market rolls
Profits at HSBC nearly halved and the bank increased its provisions for bad loans for the first quarter by more than 400 per cent due to the coronavirus crisis, as it delivered a stark warning on future performance. The London-based lender on Tuesday reported pre-tax profit of $3.2bn for the quarter, down 48 per cent
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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