Asian shares plunged Thursday after the World Health Organization declared a coronavirus pandemic and indexes sank on Wall Street. Japan’s Nikkei NIK, -4.41% closed down 4.4% and Hong Kong’s Hang Seng Index HSI, -3.52% fell 3.6%. The Shanghai Composite SHCOMP, -1.52% dropped 1.7% while the smaller-cap Shenzhen …
Read More »No fans for March Madness: Sporting events are being canceled or will be held in empty arenas amid coronavirus concerns
The games go on, but where and in front of how many? The NCAA’s decision not to allow fans to its annual March Madness tournaments for men and women is the most jarring example yet. NCAA President Mark Emmert made the announcement late Wednesday. “Only essential staff and limited family …
Read More »Mnuchin says broad economic response to coronavirus will have to wait, backs smaller plan
U.S. Treasury Secretary Steven Mnuchin said Wednesday a robust economic stimulus won’t be able to pass Congress quickly and threw his support behind a smaller measure designed to help small businesses and workers grappling with the coronavirus outbreak. “The president very much wants to consider a stimulus bill, whether it …
Read More »Market Snapshot: Stock futures slide after Tuesday’s rebound
U.S. stock futures slid early Wednesday, suggesting more volatility when trading begins Wednesday, following two roller-coaster days on Wall Street. What are the major indexes doing? Dow Jones Industrial Average futures YMH20, -2.23% were last down around 700 points, or 2.8%. S&P 500 futures ESH20, -2.33% and Nasdaq-100 …
Read More »Coachella festival postponed due to coronavirus, a day after Pearl Jam puts off tour
The Coachella Valley Music and Arts Festival, one of the largest music festivals in the country, will be postponed due to the coronavirus outbreak. The festival in Indio, Calif., was scheduled to take place April 10-19, but will be pushed back to Oct. 9-18, the organizers announced late Tuesday. The …
Read More »Investors trust Trump’s two ‘magic words,’ and now it’s time to nibble on stocks
Investing and trading are about making money, and you should never let your political opinions get in the way. Irrespective of what you think of President Trump, Wall Street trusts him. How does this affect you? Let’s explore with the help of two charts. Please click here for an annotated …
Read More »Asia Markets: Asian stocks bounce after huge losses on news of possible U.S. tax cut
BEIJING (AP) — Asian stock markets took a breather from recent steep declines on Tuesday, with several regional benchmarks gaining more than 1% after New York futures reversed on news that President Donald Trump plans to ask Congress for a tax cut and other quick measures to ease the pain …
Read More »The Margin: A ‘moment of silence’ for boomers’ 401(k)s: Internet erupts with gallows humor as stock market crumbles
Obviously, it’s a lot more fun checking your 401(k) during a raging bull market. Then again, reading about other people’s 401(k) accounts during brutal trading sessions like Monday’s seems to be a favorite pastime for those looking to laugh through the tears. So, in that spirit of schadenfreude — and …
Read More »Trump Today: Trump pins market drop on oil-price fight, ‘fake news’ with advisers set to present coronavirus response options
President Donald Trump on Monday blamed Saudi Arabia and Russia’s dispute over oil prices, plus what he called “fake news,” for steep stock-market losses, as he was set to be briefed on policy options for responding to the coronavirus. The main U.S. stock indexes DJIA, -4.82% SPX, -4.75% COMP, -4.36% …
Read More »