Finance

A major financial institution is starting to lose enthusiasm for U.S. stocks. Invesco’s Kristina Hooper is worried the latest coronavirus spike will push states to close their economies again. “Up until now the U.S. has been rewarded because of expectations that we wouldn’t see any kind of significant lockdowns even if infection rates grew,” the
0 Comments
Joe Biden and Donald Trump Ron Adar | Echoes Wire | Barcroft Media via Getty Images; Mandel Ngan | AFP | Getty Images Goldman Sachs is warning that the upcoming presidential election could see delayed results, and is therefore recommending that clients hedge their market bets through December in anticipation of heightened volatility through November.
0 Comments
A summer rally may be underway. Economic forecaster Lakshman Achuthan cites a bullish, under-the-radar trend in a chart highlighting the firm’s special weekly leading index and S&P 500. “This is a fundamentally optimistic chart,” the Economic Cycle Research Institute co-founder told CNBC’s “Trading Nation” on Monday. “It’s showing us that the cyclical fundamentals are to
0 Comments
Investors who take a sustainable approach to allocating capital may be reevaluating putting their money into Hong Kong after the city implemented a national security law, an analyst said on Friday. “That’s the one area of international capital flows that could be quite significant,” said Andrew Collier, managing director of Orient Capital Research, a research
0 Comments
Take a look at some of the biggest movers in the premarket: McDonald’s (MCD) – McDonald’s halted further reopenings of dine-in service at its restaurants, postponing them by three weeks due to a rise in Covid-19 cases. Restaurants, where dine-in service had already resumed, will be allowed to continue offering it if their local jurisdictions
0 Comments
U.S. and China flags along Pennsylvania Avenue in Washington, D.C. on Jan. 17, 2011. Andrew Harrer | Bloomberg | Getty Images Delisting Chinese companies from U.S. stock exchanges is “a pointless drive” that will neither deny those firms access to American capital markets nor hurt China’s growth, according to a report by think tank Peterson Institute for
0 Comments
The Wirecard logo is seen at the payment company’s headquarters in Aschheim near Munich, southern Germany, on June 24, 2020. Christof Stache | AFP via Getty Images Wirecard’s dramatic fall from grace has thrust corporate governance and industry regulation in Germany firmly in the spotlight. The Munich-based payments processor filed for insolvency on Thursday, reportedly
0 Comments
Getty Images Banks have pulled back from a popular credit card promotion on concerns that borrowers struggling during the coronavirus crisis may leave them with defaulting loans. Balance transfer offers, which typically entice borrowers to move their debt to a new lender in exchange for a temporary 0% interest rate, have been sharply reduced at banks
0 Comments
Hanna Budzko 1. Technical writer  Nycretoucher | Getty Images Average annual pay: $68,640 Number of job openings as of June 10: 2,308 2. Financial analyst  Andrew Brookes Average annual pay: $67,900 Number of job openings as of June 10: 5,242 3. Proposal writer WavebreakMedia | Getty Images Average annual pay: $67,047 Number of job openings
0 Comments
An illuminated logo sits on the exterior of Wirecard’s headquarters in the Aschheim district of Munich, Germany. Michaela Handrek-Rehle | Bloomberg | Getty Images Wirecard will file for an application to open insolvency proceedings with the district court of Munich, the company said Thursday. The company said in a short statement that management had decided
0 Comments
Many Wall Street analysts are warning their clients that a Biden presidency will not be good for the stock market. The former Vice President and presumptive Democratic nominee has pledged to roll back President Donald Trump’s signature tax cut legislation, which has boosted corporate profits, and if there is a blue wave in November, Democrats
0 Comments
It may be time to add global exposure to your portfolio. UBS Global Wealth Management’s Alejo Czerwonko sees upside going abroad despite a surge in coronavirus cases. “We expect them to be fairly well-handled by health systems worldwide,” the firm’s emerging markets strategist told CNBC’s “Trading Nation” on Tuesday.  Czerwonko is building his bull case
0 Comments