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What are the best sites to get Forex news and news trading ideas?
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There are a few key websites that you need to keep up to date with when following Forex news. If you are serious about trading Forex then it is essential that you regularly check these websites whether you are a ‘news trader’ or not. There is nothing more annoying than having a good trade close at the stop loss because of some Forex news that you were not aware of. There are also a few good websites that can give you some good trade ideas. I will provide details on the top ones.
The Forex Factory calendar needs to be needs to be your first stop for finding out when economic dat.
Best stock trading apps
Following the expansion of online businesses, people are given an opportunity to try themselves in just anything they are interested in. In case you’ve always wanted to be a stock trader but starting this type of business was too expensive and required a lot of effort, now it’s the right time to start earning with great and easy stock trading apps you will learn about in this article.
Best stock trading apps
With millions of installs and leading positions in Finance category of both app stores (Google Play / App Store), eToro is an online trading platform that fits in a hand and is always with you. With over 2,000 financial instruments, eToro mobile app offers access to the same features as the web portal.
How it works: open an account and trade stocks, CFDs, cryptoassets, indices, ETFs, etc. Aided with real-time data, analytical tools and stopp-loss on account, traders build up their portfolio. You may also find eToro among top CFD platforms to know more.
Cool features: virtual (demo) account with $100K for beginners to practice, insights from experts and community, 1-click trading, offline trading for selected orders.
User tip: When not sure where to start, make use of CopyTrader feature, replicating bids and investments of a specified trader. Also, don’t skip setting a stop-loss, a minimum sum on account, not to lose money.
Business model: free to install, minimum initial deposit $200, withdrawal fee, inactivity fee.
Plus500 is a recognized by its comprehensive trading screen with detailed information about past and current positions of the stock. The app is very rich visually and includes expansive charts. The fees and commissions are affordable and variable so investors of all skill levels should try it out.
How it works: Plus500 is a proprietary platform with a strong focus on technical analysis and stock trading. The app allows the users to multitask within the program; trading in several markets and tracking the real-time quotes.
Cool features: Demo account, Risk Management, a variety of trading assets, E-mail alerts, Mobile alerts, Guaranteed Stop Loss, Available for all mobile OS.
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User tip: Integrate all your trades in several financial markets by using the same screen of the Plus500 app.
Business model: €100 minimum deposit for standard funding methods / €500 minimum deposit for bank. €10 Inactivity Fee.
Risk warning: 80.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
TD Ameritrade Mobile
Toronto-Dominion Bank’s app is ideal for advanced traders and inclusive simplified features for the beginners and training for investors. The software enables easy external money transactions and can be used on four different platforms.
How it works: Download the TD Ameritrade Mobile app from the store and register an account (in case you haven’t registered on tdameritrade.com). With $0 account minimum, start investing and monitoring the stock market by remaining logged into your application.
Choose the initial investment amount and start earning money by trading. Advanced:
- Retirement Account (Traditional, Roth, or Rollover IRA)
- Education Accounts (Tax-free Coverdell, UGMA/UTMA accounts, 529 Plans)
- Specialty Accounts (Advanced features)
- Managed Portfolios
- Margin Trading
Cool features: Transferring the funds between TD Ameritrade and external accounts, $0 account minimum, taxable brokerage account, in-depth account monitoring, price alerts, charts with indicators, customization of screens and lists, news and research, back testing, earning calendars.
User tip: You can track the real-time quotes on your Apple Watch, without using your smartphone. TD Ameritrade has four different platforms; Web Platform, Trade Architect, Thinkorswim, and TD Ameritrade Mobile App. Although you can use all of them, you must know the difference.
Business model: $0 minimum stock.
Free, basic, simple to use and of the best stock trading apps. Apart from the standard plans, the app offers premium memberships for golden features. The absence of commissions makes it extremely suitable for new investors.
How it works: After signing up and making a deposit, you can search for a specific firm within the app search bar and, similarly to all the trading platforms, monitor the flux of the company’s revenues and invest accordingly.
Cool features: No minimum investment, no maintenance fee, no commissions. Scheduled deposits, company watch list, day-trade tracking, advanced order support. Newly added feature Robinhood Instant allows you to access the deposits (under $1000) instantly instead of typically waiting for three business days.
User tip: Deposit your funds immediately so you can catch a great deal once it appears. Have patience. If you see a growing potential of your stock, do not rush to sell it and lose money before even gaining it.
- Robinhood Gold (Large amount of instant deposit, after-hours trading, credit line)
- Cryptocurrency Trading (Bitcoin, Litecoin, Dogecoin, etc)
Business model: Free app, no commissions. Although it may seem too good to be true, Robinhood actually offers an opportunity to earn without taking any commissions from you and that’s the key component of the app’s official advertisement campaigns.
Stock trade app suitable for skilled traders with large investments and profitability. The app is available on all mobile OS systems and a Web platform. It offers powerful monitoring and analyzing tools.
How it works: Investors can buy and sell stock, options, future, bonds, mutual funds, forex, and trade online without interacting with the broker directly. To start trading, you need to invest the minimum of $500 as a deposit.
Cool features: Margin Analyzer tool, Margin Calculator tool, both updated frequently. Advanced customer service, 24×5 trading on most active ETFs. Real-time news and quotes, bar code scanner, comparison and performance charts, the customization of watch lists, voice recognition system.
User tip: Click the Complete View page to see all your assets and E*Trade account on one screen. It will also show you the investments overview. Analyze the data as fondly as you need and extract all the relevant information.
Business model: $500 minimum investment. In order to buy the stocks, you must pay $6.95. The price decreases to $4.95 in case you make over 30 trades per quarter. Other plans are brokerage accounts, retirement accounts, managed portfolios, small business retirement accounts. The app is known as the one with the highest fees in comparison to their rivals.
Low-commission stock trading app. Users can customize most aspects of the software, including its appearance and functionality. Upon registration, you can adapt your features depending on your skill level.
How it works: Upon registration, you must complete a questionnaire that will let this stock trading app determine your goals and investment methodology. Fidelity app provides you with ETFs and mutual funds you can use for your investments.
Cool features: Personalized feed, account review, and management, customizable alerts, adjusted tax schedule, ability to pay bills automatically, deposit money to the Roth or Traditional IRA. By connecting Fidelity to Echo, the voice response device by Amazon, you can get any answer about the stock changes immediately.
User tip: Find Feed Preferences and adjust your feed according to your needs. Use the Learning Center and select the financial area of your interest. Keep learning and listening to qualified sessions that will expand your trading knowledge.
Business model: $4.95 registration. Over 90 commission marked as “Free” ETFs that aren’t exactly free as you must pay the expense ratio between 0.10% and 0.50% of the total balance you invested.
SigFig is a stock trading app with a well-organized asset management and simplified, easy-to-track portfolio. Due to a moderately high account minimum in comparison with other low-cost apps, this program is more suitable for experienced traders.
How it works: SigFig is a specific platform as it utilizes third-party accounts of the users who must be previously registered on TD Ameritrade, Fidelity or Charles Schwab. It monitors and enhances the portfolio of the user, balances the investments and reduces the fees.
Cool Features: Add-on app, third-party account sync, free adviser, advanced Portfolio Tracker. SigFig automatically reinvests your dividends; automatically rebalances the funds on all the accounts for free.
User tip: You cannot manage your credit card on SigFig. In case you want to associate different financial accounts apart from the ones registered at its partners’ platforms (TD Ameritrade, Fidelity or Charles Schwab), you will not be allowed to.
Business model: 2,000 account minimum. Manage your first $10,000 for free. After passing the limit of $10,000, the annual management fee is 0,25%. The fee for Diversified Income Portfolio is 0.50%.
Undemanding app for new, inexperienced investors seeking for the best way to start their trading career. Each user has the ability to own a retirement and standard account at the same time, on the same platform. Stash is very popular worldwide because it offers a range of flexible investing options.
How it works: Similarly to SigFig, Stash isn’t a direct manager of the registered accounts. However, in this case, you can link it to your bank account; the primary purpose of Stash as a trade stock app is to teach you how to build your ETF portfolio.
Cool features: Stash Coach; Smart-Save (saving the minimum off your daily purchases; REITs (Real estate investment trusts) feature invests minimal quantities in real estate, uniting the users with the same interests and purchasing a shared property.
User tip: Instead of using several apps to monitor and manage your finances, you can open a retirement account on Stash at the same time as operating your regular account.
Business model: Free registration/$5 minimum investment. $1 monthly fee for accounts under $5,000, 0,25% annual fee for accounts over $5,000. Stash Retire ($15 account minimum), custodial accounts (Available for users under the age of 18, registered by the custodian).
This is an extremely rare stock trading app with the ability to provide small purchases with the gift cards. The whole company is based on fractional shares and does not require large investments. Stockpile is primarily created for new investors, including children.
How it works: Stockpile offers “fractional shares”, minimized stocks (instead of buying a whole share, user can buy 0.10 of it) and enables the users to invest in household-name companies. To complete the process, user must purchase a gift card and exchange it for the stock.
Cool features: Gift bundles, wish list, redeem for retail, credit card funding, physical gift cards validity. iOS and Android Stockpile app has all the features of the Web Stockpile version.
User tip: This stock trading app developed an expert learning system. Access its affordable education courses and learn everything about investing. E-gifts cost less than physical cards.
Business model: 0% minimum investment. Taxable and Custodial accounts, $0.99 fee per trade, $2.99 fee for the first gift card stock, $0.99 fee for every extra stock.
Schwab Mobile (Charles Schwab) is one of the leading stock trading apps, created for investors of all skill levels. The app design is very simple, making it easy for first-time users. It also includes a long list of advanced features for experienced investors, making it appropriate for every trader.
How it works: Schwab has over 4,000 mutual funds and 250 ETFs, both are transaction and commission free. The app has an exceptional industry research and is marked as highly efficient.
Cool features: Advanced industry research, available on Web and Mobile platforms, custom layouts, news and analysis, watch list, real-time quotes, association with Apple Pay.
User tip: Stick to funds found on the Schwab’s no-transaction-fee list. In case you want one that you cannot find on the mentioned list, you will need to pay $76 for it.
Business model: 0% service fee / $1,000 account minimum. $4,95 trade commission, $100 gift for the first-time users, $76 fee for the transaction fund off the list.
Acorns is a user-friendly investment app associated with the bank account of the user. It automatically saves minor percentage off your daily credit/debit card purchases in your portfolio. Due to the simplicity and basic features, it is recommended for the first-time investors.
How it works: With the “round-up” system, Acorns monitors your bank account and keeps the minor changes from your purchase until saving $5 into your investment portfolio; then, it invests automatically to a certain portfolio you previously chose.
Cool features: Quick deposit options, no minimum investments, “Potential” tab that allows the user to see the growing potential, round-up multiplier.
User tip: By recommending the app, you receive $5 per every registered person. At the beginning, do not constantly check the app and monitor every spent dollar. Keep purchasing with your linked credit card/s and get surprised by the amount Acorns collected for you.
Business model: $1/month for users with the total balance under $5.000. 0.25%/year for users with the total balance equal to and over $5.000. The better the portfolio, the less affected you will be by the fees.
If you are an investor seeking automated investing and moderately low fees, WealthFront is surely worth a try. The app has an integrated tool that creates the best strategy to help you achieve a certain goal. Although you can create a diversified portfolio, WealthFront does not support fractional shares.
How it works: After registering, setting your goals and risk assessment, Wealthfront classifies the money you invested into ETFs (exchange-traded funds) and acts as your expert financial adviser.
Cool features: Portfolio Review, Tax Location, Index Funds, Automatic re-balancing, Smart Beta, Risk Parity. Path – saving system helps you set the goals and save efficiently towards achieving them.
User tip: In case you need advice and answers to some questions you cannot find in WealthFront’s FAQ, visit the official Web blog of the company where you can find many interesting, educational posts and tips.
Business model: Free registration / $500 account minimum. $250 minimum withdrawal, %0,25 annual fee for accounts with total balance over $5,000. Portfolio Line of Credit for accounts with total balance equal to or over $100,000.
Extremely popular Indian app for users of all skill levels. It is great for first starters as it offers a no-fee first year upon registration. 5Paisa is a low-cost stock trading app with robo-advisory and online share market, including most features the leading financial apps provide.
How it works: Standard stock trading apps where you need to send an application and wait for a few hours until getting approved. Afterward, you can invest in stock of your preferences and use integrated tools of 5Paisa to monitor all your finances.
Cool features: Demat Account, Immediate transfer of the funds, Quick Order, Auto-Investor, real-time quotes, synced watch list, exceptional charting.
User tip: Do not rush with big investments in small-sized and middle-sized companies even when the offer seems very attractive. Do your research and if the firm actually seems stable, invest. If not, it is better to prevent a failure than deal with consequences.
Business model: First free year / free mutual fund account. Annual $400 ($5,80) membership / 18% GST for individual users. Annual $1,000 ($15) membership / 18% GST for non-individual users. $10 ($0.15) per trade.
Another globally recognized app with enormous trade possibilities for active traders, Trading 212 merges with all the major markets. The system emphases educational programs and apart from the mobile platform, you can access it from the web as well.
How it works: As a new user, you can try a demo account that will help you learn about this stock trading app and get familiar with it. Trading212 uses a segregated tier-1 bank account for all the money of their users.
Cool features: User-friendly app, Content-rich educational program, Automated Trading, Web and Mobile Platform, Trading Signals, Market Analysis, Chart Monitoring, One-click Execution.
User tip: After winning once or repeatedly, do not start increasing the size of your trade rapidly. Users usually have this reaction and invest all their gainings, thinking they will keep winning and eventually they lose most of it. Balanced investment is the key of the success.
Business model: Minimum deposit $150 (€100, £100). 1:200 Maximum Leverage, monthly reward of 10 commission-free deals. After the spent 10 commissions, each commission varies from 1.95 ($, €, £) + 0.05% to 1.95 + 0.08%.
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This week market watchers will be looking at economic data releases for early indications of the scale of the impact from the coronavirus pandemic, but the main focus will continue to be on the response from governments and central banks who are ramping up stimulus measures amid market fears over whether steps announced so far […]
Airbnb Racks Up Hundreds Of Millions In Losses Due To Coronavirus
Airbnb Inc. wrestles with escalating losses due to the devastating impact of the coronavirus pandemic on its global business. The pandemic has thrown into disarray Airbnb’s plans to go public this year, and the company’s board and investors are divided over the best path forward, according to people familiar with the matter. The San Francisco-based […]
These Five Warning Signs Highlight Virus’s Rapid Economic Impact
The economic losses from the coronavirus have transitioned from hints of serious difficulties just a week ago to a devastating stoppage at countless U.S. restaurants, hotels, movie theaters, gyms and other service providers, with millions of employees now idled. While still largely invisible in the mostly dated official economic data, the destruction is clear in […]
Coronavirus Deaths Top 10,000 Globally
The number of deaths from the novel coronavirus world-wide doubled in a week to more than 10,000 on Friday. Deaths from the pneumonia-causing pathogen have more than quadrupled in the U.S. over the past week to 205, while confirmed infections in the country have surged to 14,250 from around 1,700 on March 13. The majority […]
Goldman: U.S. Measures Could Support Oil Prices Near Term
Supply restraint by core-OPEC producers could push second-quarter Brent oil prices up to $30 a barrel, while U.S. measures to support the market could underpin prices in the near term, Goldman Sachs (NYSE:GS) said in a research note. Citing Wall Street Journal reports that the United States was considering intervening in the ongoing Saudi-Russian price […]
Stock Market Today: Technology Sector Leads A Turnaround
Stocks turned higher Thursday, erasing losses from earlier in the day as sharp gains in tech shares led to a turnaround. The Dow was up more than 400 points, or 2.1%. The S&P 500 was up 1.5%, while the Nasdaq outperformed with a 3.2% surge. Shares of Netflix and Facebook rose 7.6% and 5.8%, respectively. […]
World Leaders Rush In To Shore Up Panic-Hit Global Financial System
World leaders raced to shore up panic-stricken global markets on Thursday, pouring liquidity into the financial system as investors everywhere dumped assets, switching to dollars in cash amid the escalating coronavirus pandemic. Policymakers in the United States, Europe and Asia resorted to emergency action as the pandemic left their economies virtually comatose, with quarantined consumers, […]
New York Stock Exchange Move To Electronic Trading Because Of Coronavirus
The New York Stock Exchange said Wednesday it will temporarily close its historic trading floor and move fully to electronic trading after two people tested positive for coronavirus infection at screenings it had set up this week. ◊ Online Business Training ◊ All-electronic trading will begin on March 23 at the open, the exchange said. […]
Coronavirus Infections Pass 200,000 Globally, Death Toll Tops 8,000
The rapid increase in world-wide cases reflects, in part, how people in many countries were unwittingly transmitting the respiratory virus before governments grasped the scale of the problem. There were more than 205,000 confirmed cases of the disease known as Covid-19 on Wednesday, with infections outside of mainland China—where the epidemic began—now above 124,000, according […]
Financial Markets Tumbles Again On Recession Fears
Trading in U.S. stock was again suspended almost immediately after the opening on Wednesday, after another huge wave of selling driven by fears of a coronavirus-induced recession. By 10 AM ET (1400 GMT), the Dow Jones Industrial Average was down 980 points, or 4.6% at 20,257 points, having tried and failed to break through the […]
Amazon Stops Receiving Nonessential Products From Sellers
Amazon is suspending sellers from sending nonessential products to its U.S. and U.K. warehouses until April 5 in the latest move to free up inventory space for much-needed supplies that are in shortage as a result of the coronavirus outbreak. In a note sent to sellers Tuesday, Amazon said it is seeing increasing online shopping […]
Traders Bet On Falling ‘Fear Gauge’
The volatility gauge tends to rise when markets fall and investors reach for stock protection through the options market. The VIX climbed to 82.69 Monday, topping its high of about 80 in 2008. After the financial crisis, trading derivatives tied to the VIX took off as people sought to profit from its swings. Create Apps […]
Stock Market Today: Wall Street Attempts Rebound From The Dow’s Third-Worst Day Ever
Stock futures and premarket trading in exchange-traded funds pointed to a bounce on Tuesday following the Dow Jones Industrial average’s third-worst day ever. Trading overnight, however, was very volatile with futures giving back more than 1,000 points as investors try to weigh the uncertain economic impact of the coronavirus outbreak. Around 6:14 a.m. ET, Dow […]
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Euro 2020 Football Tournament Set To Be Postponed
Uefa, European football’s governing body, will on Tuesday postpone this summer’s Euro 2020 Championships as the flagship tournament becomes the latest casualty of the coronavirus outbreak that has upended the global sporting calendar. The tournament will be delayed in an effort to allow the continent’s domestic leagues to finish their seasons and avoid multibillion-euro hits […]
European Union Ban Entry All Schengen Area Borders
The European countries have discussed today the idea of introducing a ban on entry to the 26-state Schengen passport-free travel zone, which would cover all non-essential visits from third countries, with exemptions including for citizens of the Schengen area, people familiar with the work. The proposal was announced by the President of the EU Commission […]
Emergency Measures Taken By The Federal Reserve May Not Be Enough To Ward Off A Coronavirus-Induced Great Recession
The decline underscores the level of worry among investors since the coronavirus pandemic escalated and disrupted supply chains, sidelined workers and infected tens of thousands of people. To combat the potential economic fallout, central banks and governments have put in place various stimulus measures. Those efforts, so far, have yet to stem the selloff. The […]
European Union Plans Shutdown On Nonessential Travel For At Least 30 Days
The European Union plans an unprecedented 30-day ban on nonessential travel into the bloc in a bid to restrict the spread of the coronavirus, European Commission President Ursula von der Leyen said Monday. The significant escalation of EU measures needs to be approved formally by EU leaders when they talk on Tuesday. Ms. Von der […]
Wall Street Sees Worst Drop Since 1987
U.S. stock markets fell the most since 1987 in early trading on Monday, having been suspended, limit down, almost immediately after trading started, as the shutdown of increasing swathes of public life in the U.S. brought home the scale of the coronavirus outbreak. By 9:50 AM ET (1350 GMT), the Dow Jones Industrial Average was […]
Oil’s Spectacular Collapse Continues
Oil prices extended the gloom on Monday after a Saudi-Russian price war and an equities meltdown sparked by the coronavirus pandemic saw their biggest weekly losses in more than a decade. US benchmark West Texas Intermediate (WTI) briefly fell below $30 a barrel, or 5.5 percent, in morning Asian trade before regaining its footing. Day […]
Coronavirus Effect On The Stock Exchange: Stocks Will Start The Week About 1,000 Points Lower
Stocks globally plunged even after the Federal Reserve slashed its benchmark interest rate to near zero as investors remained concerned that the emergency measures won’t suffice to ward off a recession caused by the coronavirus pandemic. Stock Exchange Game Futures tied to the Dow Jones Industrial Average dropped almost 5%, signaling that the gauge of […]
Small-Business Confidence Plunged In March To Near Its Lowest Levels In The Past Seven Years
Small-business confidence plunged in March to near its lowest levels in the past seven years, as business owners grappled with the effects of the novel coronavirus on their companies and the broader economy. Owners of businesses from restaurants and yoga studios to marketing and manufacturing firms are already making tough choices, as the fallout spreads […]
Rescue Bids By Fed Fail To Calm Panicky Markets
Stock markets were routed and the dollar stumbled on Monday after the Federal Reserve slashed interest rates in an emergency move and its major peers offered cheap U.S. dollars to ease a ruinous logjam in global lending markets. European markets were also poised to open sharply lower, with EUROSTOXX 50 futures down 3.4% and FTSE […]
Financial Markets – Top 5 Things to Watch This Week
After a week that saw global stock markets crash with the coronavirus outbreak ending a years-long bull run global central banks will be under more pressure to act in order to maintain the flow of support for economies and for those most hard hit by the virus. The Federal Reserve is expected to slash its […]
Investors Prepare For More Market Swings As Virus Spreads
With one of Wall Street‘s wildest weeks in recent memory now in the history books, investors are bracing for more uncertainty and big market swings ahead. Overwhelmingly, caution remains the watchword for investors and analysts reeling from a week that saw all three U.S. exchanges confirm bear markets, oil prices plummet to multiyear lows and […]
Coronavirus Measures Put New Limits on Daily Life
Governments have imposed a series of measures to limit gatherings of large numbers of people in an effort to slow the spread of the coronavirus, which has killed 5,829 and infected 156,169 since emerging late last year in China, according to data compiled by Johns Hopkins University. Coronavirus: What is it and how to protect […]
Aramco Profits Plunge
Saudi Aramco on Sunday said it plans to cut capital spending in the wake of the coronavirus outbreak, and also posted a plunge in profit for last year, missing forecasts in its first earnings announcement as a listed company. Oil, God and Gold: The Story of Aramco and the Saudi Kings Saudi Arabia‘s decision last […]
American Airlines Cutting International Flights By 75%
American Airlines Inc said Saturday it plans to cut 75% of its international flights through May 6 and ground nearly all its widebody fleet, as airlines respond to the global collapse in travel demand due to the coronavirus pandemic. American Airlines Magazines The dramatic announcement by the largest U.S. airline came hours after the White […]
Apple Closes All Its Stores
Apple said the stores would be closed until March 27 in light of the worsening spread of the virus, which according to figures from Johns Hopkins University has killed 5,429 and infected 145,369. Hourly workers will continue to be paid, and workers across the company will be allowed to work remotely if their jobs permit […]
How A Virus Upended The World Economy
The virulent invader, which swept through Asia and Europe, is leading many U.S. businesses to hoard cash, pare spending and rethink how they operate without knowing how long the troubles will last. Some that lost business may never get that revenue back. Thinner profit margins and a focus on cost cutting mean some firms may […]
Global Stocks Rise After Governments And Central Banks Announced Measures To Cushion The Impact Of The Coronavirus
Futures tied to the Dow Jones Industrial Average rose as much as 4.5% in early morning trading Friday. U.S. stocks plunged Thursday, with the Dow falling 10% as the rapidly spreading coronavirus drove fears of a global slowdown despite action from the Federal Reserve. The pan-continental Stoxx Europe 600 rose 2.3% at the open Friday. […]
U.S. Stocks Extend Losses After Trading Halt
The global market selloff that plunged U.S. stocks into a bear market continued at a furious pace Thursday, as investors absorbed news of a travel ban between the U.S. and Europe and fear over the impact of coronavirus continued. The S&P 500 shed 7% shortly after the opening bell, plunging the index into bear market […]
Markets News: U.S. Travel Ban Stoked Renewed Worries About The Coronavirus’s Economic Toll
◊⊃⊂◊ U.S. Travel Ban ◊⊃⊂◊ S&P 500 futures were down 4%, suggesting U.S. shares could be set for another punishing session later Thursday, a day after the Dow Jones Industrial Average slid into a bear market. European indexes fell at the start of trading Thursday, with the pan-continental Stoxx Europe 600 shedding 5.4% and Italy’s […]
World Health Organization Declares COVID-19 a ‘Pandemic’
◊ Coronavirus Declared Global Pandemic ◊ U.S. stocks headed back towards lows Wednesday as investors awaited further details on stimulus measures proposed by the White House to curb the impact of the novel coronavirus, which has become a pandemic, according to the the World Health Organization. The S&P 500 slipped 3.91%, Nasdaq Composite lost 3.58% […]
Financial Markets – Volatility Increases
The Dow Jones Industrial Average dropped 822 points, or 3.3%. The S&P 500 fell 3.1%, and the Nasdaq Composite lost 2.7%. The declines continued a volatile week that saw stocks plunge Monday only to recover much of their losses Tuesday. A closely watched measure of turbulence in U.S. stocks, the Cboe Volatility Index, was hovering […]
Financial Markets Buffeted Again By Virus Concerns
U.S. stock futures, world shares and Treasury yields all headed lower on Wednesday, pointing to sustained doubts about the ability of governments and central banks to combat the economic headwinds caused by the novel coronavirus. The fresh downdraft in Asian trading hours followed two tumultuous days marked by a violent global selloff and a sharp […]
Warren Buffett Is Still Bullish On Stocks And The Long-Term Market
The Oracle of Omaha is still bullish on stocks and the long-term market. The recent coronavirus-related volatility in the stock market was enough to rattle even the most confident market bull. However, beloved investing guru and Berkshire Hathaway (BRK.A, BRK.B) CEO Warren Buffett is always around to deliver his textbook calm, pragmatic advice and reassurance […]
International Markets Regained Ground After The Worst Day In 12 Years
International markets regained ground after Monday’s bruising selloff, with American stock futures gaining 2.6%, as investors welcomed the prospect of new U.S. tax cuts and other measures to counter the economic pain caused by the coronavirus. President Trump said Monday his administration would discuss several proposals with Congress, including a possible payroll-tax cut and help […]
Virus Fears Push Stocks Closer To A Bear Market
The Dow Jones Industrial Average suffered its worst decline since 2008 and at one point came within 65 points of touching a bear market. For the day, the Dow sank 2,013.76 points, or 7.8%, to 23851.02. It was the first time the Dow lost more than 2,000 points in a session. The S&P 500 fell […]
Bull Market Is Over …
“The 11-year bull market is over,” said Peter Cecchini, the chief market strategist at Cantor Fitzgerald, noting that it isn’t just about an official 20% drop. Mr. Cecchini said central banks suppressed interest rates over the years, and that became a big narrative investors used to justify buying stocks. Meanwhile, signs have emerged that global […]
Coronavirus Cases Outside China Tripled In Past Week
There were 29,306 cases outside mainland China, versus around 10,000 a week ago. The U.S. tally rose to 554 cases, with 21 deaths. The world-wide death toll stood at 3,825—the bulk of it in China, especially in the central city of Wuhan, which first reported the pneumonia-causing virus in December. Italy has the second-highest number […]
Global Markets In Turmoil As Oil Plunges
Oil plunged more than 25%, 10-year Treasury yields dipped below 0.4%, stocks dropped, and currencies swung as the prospect of an energy glut ratcheted up turmoil across markets world-wide. Investors are responding to Saudi Arabia’s decision over the weekend to cut most of its oil prices and boost output, despite existing threats to demand from […]
Financial Markets – Top 5 Things to Watch This Week
All eyes will be on the European Central Bank this week as global central bankers try to respond to the economic risk posed by the coronavirus threat. The ECB, which meets on Thursday, has less room to act than the Federal Reserve but market watchers still see a good chance of a rate cut. The […]
Coronavirus: The Italian Government Is Locking Down 17 Million People
A decree from the Italian Prime Minister’s office says people living in Lombardy, where Milan is the capital, and the named provinces in Lombardy’s nearby regions must “absolutely avoid any movement into and out of the areas.” Police, emergency services and if needed the army will be available to enforce the quarantine. People violating the […]
COVID-19 Risk Rises For U.S. And Global Economies
Financial markets and economic forecasters are warning of rising risks for the U.S. and global economy, which were improving before the novel coronavirus spread from China around the world. Discover 7 Ways to Create a Sustainable, Passive Income for Life A buoyant U.S. job market had fueled strong consumer spending and cushioned the economy through […]
Berkshire Hathaway Backs Away From Canadian Gas Project
Berkshire Hathaway Inc. has backed out of financing a major gas project in the Canadian province of Quebec, prompting worries that international investors are increasingly shunning the country after protests over another energy project. Warren Buffett’s conglomerate pulled out of providing roughly 4 billion Canadian dollars ($2.99 billion) in equity financing for the Énergie Saguenay […]
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China January-February Exports Tumble
China’s exports contracted sharply in the first two months of the year, and imports slowed, as the health crisis triggered by the coronavirus outbreak caused massive disruptions to business operations, global supply chains and economic activity. The gloomy trade report is likely to reinforce fears that China’s economic growth halved in the first quarter to […]
Market Turbulence: Investors Sell Bonds And Bank Stocks In Europe On Fears Of A Deeper Slowdown
The market rout in stocks spilled into the corporate-debt markets Friday after investors began to more fully assess the harm that prolonged economic disruption from the coronavirus could do to highly indebted companies. Reaction to the virus had been relatively muted in credit markets, where yields on even riskier junk bonds and loans had remained […]
Coronavirus Cases Globally Exceed 100,000 As Countries Fail To Contain Spread
There were 100,329 confirmed cases of the virus world-wide, more than a fifth of which were in countries other than China, according to data compiled by Johns Hopkins University. South Korea, the second worst-hit country, reported another jump in infections, bringing its tally to 6,593. The novel coronavirus is now in around 90 countries, less […]
Financial Markets – Investors Retreat From Stocks
Investors continued to pile into safe-haven assets Friday, pushing the yield on long-term U.S. government bonds to unprecedented levels and setting gold up for its best week in over a decade. The yield on the benchmark 10-year Treasury sank below 0.8% for the first time. Stock futures also retreated, with contracts linked to the Dow […]
OPEC Agrees To Drastic Oil Cuts
The plan approved Thursday by the Organization of the Petroleum Exporting Countries would involve production cuts of 1 million barrels a day through the end of June to be shared among its 13 member nations. It also calls for another 500,000 barrels of daily cuts to be divided among the cartel’s 10 Russia-led oil-producing allies. […]
U.S. Stocks And Bond Yields Dropped As Anxiety About Virus Fallout Returns
The Dow Jones Industrial Average fell more than 650 points, or 2.5%, erasing much of the gains notched Wednesday. A strong Super Tuesday performance by former Vice President Joe Biden and growing signs of a coordinated response to the coronavirus had led to a sharp rally in U.S. stocks. That enthusiasm quickly dissipated Thursday. The […]
Coronavirus Fears Hammer Europe’s Tourism Industry
The long line to get into St. Peter’s Basilica in Rome is gone. The coronavirus outbreak in Europe is scaring away travelers and hammering tourism just as the high season is getting under way. Thousands of people have canceled their trips to the region since the disease began to spread in Italy last month, drying […]
U.S. Index Futures Drop With Investors Weighing Virus Threat
U.S. equity-index futures extended drops as investors weighed whether global efforts to contain the coronavirus outbreak will be enough to soften its economic impact. S&P 500 index futures contracts expiring in March slid 1.3% at 8:50 a.m. in London. Contracts dropped 1.2% for the Dow Jones Industrial Average and 1.1% for the Nasdaq 100. In […]
Australian Economic Growth Picks Up But Outlook Cloudy On Virus Fears
Australia’s economy expanded by more than expected last quarter, erasing the risk of a recession even as raging bushfires and the coronavirus crisis wreaked havoc with tourism and travel at the start of the new year. Wednesday’s data from the Australian Bureau of Statistics (ABS) showed the A$2 trillion ($1.3 trillion) economy accelerated by 0.5% […]
Federal Reserve Delivered A Half Percentage Point Rate Cut Tuesday, But Markets Slumped On The News
The Federal Reserve’s extraordinary rate cut Tuesday is likely only the first of multiple efforts to stem fear over the threat the coronavirus poses to global growth and financial markets. No sooner had the U.S. central bank announced a half percentage point reduction than market participants began speculating about what was next. Wall Street broadly […]
World Finance Officials To Consider How To Cushion Economies Against Coronavirus
G7 finance officials will on Tuesday discuss ways to bolster their economies against the impact of the spreading coronavirus outbreak, but are not expected to specifically call for new spending or coordinated interest rate cuts, a G7 official said. Discover 7 Ways to Create a Sustainable, Passive Income for Life – By Robert Kiyosaki. Finance […]
Is It A Currency? A Commodity? Bitcoin Has An Identity Crisis
So bitcoin’s a currency, right? Well, yes, it can be used to buy, sell and price goods much like dollars and euros. A commodity? Come to think of it, it does behave a lot like oil and gold – it can be bought and sold in cash markets or via derivatives such as futures. What […]
Wall Street Tries To Recover From Massive Sell-Off
Stocks rose sharply on Monday in volatile trading as Wall Street attempted to pare losses incurred during the worst week since the financial crisis amid fears of the coronavirus outbreak. The Dow Jones Industrial Average traded 576 points higher, or 2.3%. The S&P 500 and the Nasdaq Composite climbed 2% each. “The market has been […]
China Economy Seen in Deeper Contraction on Factory Drop
China’s economy could be heading for a worse-than-expected first-quarter contraction after the country’s manufacturing sector reported activity at a record low in February due to the coronavirus outbreak. The manufacturing purchasing managers’ index plunged to 35.7 in February from 50 the previous month, according to data released by the National Bureau of Statistics on Saturday. […]
Global Markets – Top 5 Things to Watch This Week
The week will start after Saturday’s data showing a record contraction in China’s manufacturing and service sectors because of the coronavirus outbreak, underlining the extent of the potential impact on the broader global economy. Discover 7 Ways to Create a Sustainable, Passive Income for Life – By Robert Kiyosaki. Investors will also be closely watching […]
Day Trading – Stock Market: 3 Things Under the Radar This Week
It was no ordinary week on Wall Street. The broader market recorded its fastest correction in history and its biggest loss since the Financial Crisis as the spread of the coronavirus gathered pace. But there are questions on how much the Federal Open Market Committee really can help equities. Retail sales may be the helping […]
Financial Markets – Panic Selling Continues as Dow Tumbles Below 25,000
Panic selling continued in the U.S. stock market on Friday, putting the market on course for its biggest weekly loss since 2008 amid growing signs that the coronavirus outbreak will ultimately cause an economic shock in Western economies as well as in China and its Asian trading partners. The Dow Jones Industrial Average opened with […]
Stock Market Corrections: How Bad Can They Get And How Long Can They Last?
With the stock market sliding lower as coronavirus fears rise, all the talk about a so-called “correction” can cause nervousness and confusion. A correction is a mechanical-sounding term to describe when a major stock market index like the Standard & Poor’s 500 falls 10% or more from a recent closing high. The recent losses on […]
China Makes Bad Loans Disappear as Virus Pummels Banks
Chinese banks are taking extraordinary measures to avoid recognizing bad loans, seeking to shield themselves and cash-strapped borrowers from the economic fallout of the coronavirus outbreak. Some of the measures, which include rolling over loans to companies at risk of missing payment deadlines and relaxing guidelines on how to categorize overdue debt, have the explicit […]
Wall Street Slips Into Correction Territory
Wall Street‘s main indexes fell for the sixth straight session and slipped into correction territory on Thursday, as the rapid spread of the coronavirus outside China intensified fears about the hit to economic growth and corporate earnings. The S&P 500 and Nasdaq are now more than 10% below their intraday record highs hit on Feb. […]
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Discover 7 Ways to Create a Sustainable, Passive Income for Life – By Robert Kiyosaki. Wouldn’t it be nice if money grew on trees? Although you’ll never find dollar bills sprouting from your favorite oak tree, you can uncover money in other places. By spending some time dissecting your spending habits and scrutinizing your expenses, […]
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