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Market participants continued to keep a close eye on the coronavirus epidemic and the presidential election campaign. In addition, there are five key economic indicators that can determine the fate of the stock market this week. Except for durable goods orders, the other four indicators are likely to push
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Warren Buffett is 89 years old, but he certainly hasn’t mellowed with age. The “Oracle of Omaha’s” latest annual report is full of fire. His 2019 letter to Berkshire Hathaway shareholders minces no words. Buffett issues scathing rebukes of corporate governance and greed. Further, his $128 billion cash pile
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Even the bulls are wary that this stock rally can continue forever. While timing a crash is tricky business, analysts say these three signposts could foreshadow a downturn. For now, stocks are expected to march higher, but in today’s jittery environment, even the slightest misstep could tip the scales.
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The Chinese automobile industry is in freefall as the country deals with the economic fallout from the coronavirus outbreak. Tesla depends on China to fulfill the optimistic guidance provided by Elon Musk. Tesla probably won’t be able to meet its forecasts because of China-related headwinds. Car sales in China
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Larry Kudlow is the top economist in Trump’s White House. He says don’t mind crashing bond yields, or this week’s fearful stock market. Kudlow says these are just “mood swings” while the economy’s fundamentals remain strong. But he’s cherry-picking fundamentals. Other analysts point to the fundamentals Kudlow is ignoring.
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The Dow Jones Industrial Average (DJIA) declined on Friday, setting the index up to record a weekly loss. Damage from the coronavirus outbreak prompted another Dow 30 component to cut its earnings guidance. The infection toll continues to mount outside of China, especially in South Korea and Japan. The
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Riot Blockchain, a Nasdaq-listed crypto firm in the United States, plans to sell its exchange to focus on Bitcoin (BTC) mining ahead of the halving.According to an official announcement on Feb. 20, Riot has “opted to sunset further development of Riot's U.S.-based digital currency exchange” in order to focus
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Domino’s’ stock has been on a tear after a better-than-expected earnings result on Thursday. Investors are excited about the company’s earnings beat as well as its dividend hike and positive outlook for the future. Management will have to keep the good news coming if it wants this monster rally
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Virgin Galactic is one of the leading ventures in the emerging private space race alongside companies such as Spacex. However, it is
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Dow Jones Industrial Average (DJIA) futures were marginally lower ahead of the bell on Thursday. Gold hit a seven-year high as investors hedge against coronavirus economic impact. Stocks and gold rallying together are ‘striking’ and could be a warning sign for global stock markets. Dow Jones Industrial Average (DJIA)
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