U.S. crude oil prices plunged to their lowest level in history, below $1 a barrel, due to an historic slump in demand from the COVID-19 coronavirus pandemic…
Tag: macroeconomy
Why the stock market could boom this year with its biggest rally ever
The stock market, before Wednesday, rallied strongly as the coronavirus curve flattened. Imagine, now, the magnitude of the rally …
Apple gaps up, helps lift Dow Jones to 500-point gain
The stock market held bullish gains in afternoon trading Tuesday as Apple, Home Depot, and Microsoft outperformed in the Dow Jones Industrial Average…
Fed Chair Powell: Recovery can be ‘robust’ once COVID-19 is contained
Federal Reserve Chairman Jerome Powell said Thursday that the economic rebound following the coronavirus-induced shutdown “can be robust.”
S&P 500 rallies to join Dow in exiting bear market
U.S. equity markets rallied to session highs Wednesday as the S&P 500 exited its bear market helped by a basket of news investors believe will be…
‘Naked’ investors, not COVID numbers, will determine market performance
Naked investors who went all-in on stocks might sell once they recoup some of their losses, which could lead to a bigger decline in the market…
Deep, but short: What Apple’s production recovery tells us about COVID-19 recession
Due to the COVID-19 pandemic black swan, we’re now dealing with a significant global recession. The duration is the most important factor…
S&P 500 set for worst first quarter since 1938
The S&P 500 on course for its worst first quarter since 1938, even as Wall Street seemed to steady on Tuesday as investors returned to stocks that are…
US unemployment claims surge to 3.28 million, shattering record
US unemployment surged to 3.28 million last week, shattering a decades-old record in jobless claims as the coronavirus pandemic forced businesses…
Stocks jump on stimulus bill hopes, President Trump’s reopening signal
After Trump on Tuesday signaled he was eager to reopen the economy and amid hopes that U.S. lawmakers were close to an agreement, stocks jumped …
Wall Street is finally waking up on Apple
Well, that took long enough! But, Wall Street analysts are finally waking up on Apple and drawing down estimates due to the worldwide coronavirus pandemic…
Should President Trump close all nonessential U.S. businesses?
Should President Trump declare all-out war on the coronavirus by closing all nonessential U.S. businesses? The Federal Reserve has fired its bazooka…
Dow crashes 10% in biggest one-day percentage drop since 1987
U.S. stocks tumbled more than 9% on Thursday, as the Dow, S&P 500 and Nasdaq all crashed in response to the global coronavirus pandemic…
Morningstar: COVID-19 market sell-off a ‘gross overreaction’ to a ‘severe but manageable flu’
Morningstar’s biotech strategist Karen Anderson and energy analyst Preston Caldwell are calling the COVID-19 market sell-off a “gross overreaction” to a…
Apple lost $100 billion in market value in trading today
Today in Wall Street panicking, er… trading, Apple plunged $100 billion in value while Microsoft plummeted by $83.6 billion as the broader market…
Coronavirus worries spark panic-driven sell-off on Wall Street
Today, amidst a veritable Wall Street panic, all three major U.S. stock averages opened sharply lower in a plunge so steep it triggered a trading halt…
As U.S. economy expands, coronavirus has little impact so far
As the U.S. economy expanded at a modest to moderate pace over the past several weeks, the coronavirus has had little impact so far on U.S. economic data…
Wall Street drops after Federal Reserve’s surprise rate cut
Wall Street dropped on Tuesday in a volatile session after the U.S. Federal Reserve surprised investors with a half percentage-point cut in interest rates…
Fed seen cutting rates amid virus threat, low inflation
Traders are betting that the U.S. Federal Reserve may move aggressively to cut rates due the effects of the COVID-19 coronavirus outbreak…
Coronavirus pandemic fears fuel Wall St. correction
For the sixth straight session, Wall St.’s main indexes plummeted on Thursday, with the S&P 500 confirming its fastest correction in history…
Stocks rise on China stimulus hopes, signs of slowing virus spread
Stocks rose after China unveiled several fiscal and monetary stimulus measures in an attempt to limit the damage from coronavirus-fueled business shutdowns…
Mobile World Congress cancellation is good news for Apple’s ‘iPhone SE 2’
sterday’s cancellation of the 2020 Mobile World Congress in Barcelona, Spain, could very well be good news for Apple’s “iPhone SE 2” launch…
Apple suppliers scramble to restart production in China while keeping vast factories coronavirus-free
Apple suppliers in China are scrambling to restart production. Foxconn’s main Longhua campus in Shenzhen is the size of 250 football fields…
Foxconn refutes Reuters report on restart timeline for Chinese factories
In a statement to the Taipei stock exchange, Taiwan’s Foxconn on Thursday refuted that recent Reuters reports on its plans to restart factories in China…
Coronavirus infects Apple’s Mac Pro delivery schedule
For at least a week, many custom iMac, iMac Pro, and MacBook Pro configurations have been facing longer-than-usual delivery estimates on Apple’s online store…
Mobile World Congress 2020 canceled due to Coronavirus outbreak
The 2020 Mobile World Congress has been canceled by GSMA due to fears surrounding the 2019-nCoV coronavirus outbreak. The decision to abandon…
Apple shares surge as Chinese factories accelerate post-coronavirus restarts
Following a report that Foxconn’s iPhone assembly plants will speed up their return to normal production, the market saw Apple shares surge …
Coronavirus effects on Apple to date
The 2019-nCoV coronavirus continues to spread through China. Here’s a rundown of the effects on Apple due to the coronavirus so far…
Foxconn plans to resume 50% of output in virus-hit China by end of month
Foxconn plans to resume 50% of output in virus-hit China by end of February, as the major Apple-supplier reopens plants shut over the coronavirus outbreak…
JPMorgan: Coronavirus may be smaller risk to Chinese manufacturing than feared
The 2019-nCoV coronavirus outbreak that killed at least 1,018 may be a smaller risk to Chinese manufacturing than feared, according to JPMorgan …
Nasdaq climbs to record as investors look past coronavirus
The Nasdaq Composite and S&P 500 clinched closing records on Monday as investors took heart in mostly solid U.S. fourth-quarter corporate earnings…
U.S. jobs report: U.S. adds a much stronger-than-expected 225,000 jobs
The January jobs report is out and the U.S. has added a much stronger-than-expected 225,000 jobs, well above Wall Street estimates…
U.S. stock index futures primed for a big rally at open
U.S. stock index futures surged 1% on Tuesday, signaling a recovery for Wall Street from a sharp coronavirus-led pullback last week, with fresh…
Analyst: Apple Retail Store closures in China pose ‘containable’ risk
Wedbush analyst Daniel Ives says, the Apple Retail Store closures in China likely won’t cause the loss of significant sales…
U.S. stock futures look to rebound as China seeks to curb virus impact
As China took steps to relieve pressure on its economy from the impact of the 2019-nCoV coronavirus, U.S. stock index futures climbed on Monday…
Apple’s budget-friendly ‘iPhone SE 2’ reportedly now in trial production
According to supply-chain sources, Apple is already in trial production of a new budget-friendly “iPhone SE 2.” Mass production set to begin shortly…
Stocks hit hard by rising coronavirus cases, which near 10,000
Stocks are being hit hard by concerns over rising coronavirus cases. The escalating spread of the coronavirus rattled global markets…
U.S. consumer confidence jumps, stocks rise
The Conference Board’s consumer confidence index jumped to 131.6 this month from 126.5 in December. U.S. stocks ticked higher following the data’s release…
U.S. stocks set to recover after coronavirus scare on Monday
A day after the S&P 500 suffered its worst day in nearly four months, U.S. stock indexes are set to recover on Tuesday as world markets stabilized…
Stocks hit record highs as U.S. housing starts soar to 13-year high
Shares of Apple are up on better-than-forecast weekly jobless claims, strong business activity numbers, and as U.S. housing starts hit a 13-year high…
U.S.-China trade deal, optimism power stocks to new record highs
Powered by optimism about the U.S.-China trade deal, as well upcoming earnings reports, Apple and other tech stock pushed Wall Street to record highs…
Apple shares on track to open at record high, near $300; all 30 Dow stocks are up in premarket trading
The Dow Jones Industrial Average DJIA, +0.27% is set for a unanimously bullish start to the new year and decade…
