Category Archives for News

These 10 ‘grey swan’ events could conspire to imperil global economy and markets

imperil global economy

With all eyes on U.S.-China trade, these macro risks are underexaminedU.S. equity investors have had plenty to worry about in August, with an escalating U.S.-China trade spat and a brief inversion of a key yield spread helping to send stocks to their worst performance in the first half of a month in 2019. The Dow Jones […]

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Trump called the CEOs of the biggest US banks on Wednesday as the stock market plunged

U.S. Banks

President Donald Trump held a conference call with the CEOs of the three biggest U.S. banks as the stock market tanked Wednesday. Trump held the call with J.P. Morgan Chase CEO Jamie Dimon, Bank of America’s Brian Moynihan and Citigroup’s Michael Corbat, according to people with knowledge of the situation. The Dow plunged 800 points, or […]

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GE falls the most in 11 years after Madoff whistleblower calls it a ‘bigger fraud than Enron’

whistleblower

General Electric shares saw their biggest drop in more than a decade Thursday after Madoff whistleblower Harry Markopolos targeted the conglomerate in a new report, accusing it of issuing fraudulent financial statements to hide the extent of its problems. A website has been set up to disseminate the report, www.GEfraud.com, where Markopolos calls it “a bigger […]

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Central banks ‘racing to the bottom’ means one thing, says Mark Mobius: that the stock market will do ‘very well’

central banks

Look for stocks that have some yield, says the emerging-markets investing pioneerGlobal central bankers are in interest-rate-cutting mode of late, as policy makers attempt to avert or at least mitigate a global recession. However, that dynamic promises to be one in which the stock market can prosper, with investments that offer dividends attracting investors, said Mark […]

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‘Personal meeting?’ Trump seeks one-on-one with China’s Xi Jinping over Hong Kong, trade

Xi Jinping

As financial markets tumbled again Wednesday over concerns about a trade war with China and unrest in Hong Kong, President Donald Trump took to Twitter to request a one-on-one meeting with Chinese President Xi Jinping. The tweet appeared to be the latest effort by Trump to get a hold of jittery markets in which investors are […]

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Dow tumbles 800 points after bond market flashes a recession warning

warning signal

The Dow fell 800 points Wednesday after the bond market, for the first time in over a decade, flashed a warning signal that has an eerily accurate track record for predicting recessions. Here’s what happened: The 10-year Treasury bond yield fell below 1.6% Wednesday morning, dropping just below the yield of the 2-year Treasury bond. It […]

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Argentina just suffered the 2nd-biggest crash since 1950 for any stock market — and the nation is again on the brink of a financial crisis

financial crisis

Argentina is teetering on the brink of a financial crisis after its current leader, President Mauricio Macri, was defeated by a left-wing opponent in the country’s primary elections over the weekend by a greater than expected margin.   The stunning loss sent Argentine markets reeling. The S&P Merval Index plummeted 48% Monday, the second-largest single-day drop […]

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Stocks jump led by Apple after US delays some China tariffs

tariffs

Stocks soared on Tuesday after the U.S. decided to delay tariffs on certain Chinese goods while outright removing some items from the tariff list, reigniting hopes Washington and Beijing could reach a long-term resolution. The Dow Jones Industrial Average, which jumped as much as 529 points, finished the day 372.54 points higher, or 1.44%, at 26,279.91. […]

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Dow drops nearly 400 points. Trade war fears just won’t go away

trade war

Wall Street’s trade war anxiety isn’t going away.The Dow dropped 391 points, or 1.5%, on Monday afternoon. The S&P 500 and Nasdaq lost 1.2% apiece. Treasury bond yields once again fell sharply as investors piled into safe assets.The turmoil comes as investors brace for the US-China trade war to deal more damage to the global […]

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A trading issue impacted US stock quotes late in the day as Dow flatlined into the close

U.S. stock

The U.S. stock market’s consolidated quote system, which feeds real-time data feeds to data providers and is used to calculate index values, experienced a processing issue that resulted in some delayed quotes, according to exchange officials familiar with the matter. The Nasdaq market flagged an issue affecting the quote system about 24 minutes before the close. Some […]

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