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Economy

“5 parts of the economy most at risk from coronavirus”

“Financial markets U.S. stocks have suffered their worst week since the depths of the 2007-08 financial crisis as investors flee for safety. All three major U.S. stock indexes have dropped at least 10 percent from their most recent peaks, abruptly… Continue Reading…

Stocks

“Global stocks fall again on fear of virus impact on economy”

“Global stock markets plunged further Friday on spreading fears over the impact of the new coronavirus, with some indexes set to close out their worst week since the depths of the financial crisis in 2008. Germany’s DAX skidded as much… Continue Reading…

Economy

“Dow plunges by 950 points on fears coronavirus will tank global economic growth”

“The Dow Jones Industrial Average fell by more than 950 points at the open, erasing all gains for the blue-chip index for the year. The S&P 500 and Nasdaq were both down by around 4 percent, marking the biggest daily… Continue Reading…

Economy

“The global economy is likely to rebound in 2020…”

“Global growth is expected to hit 3.3 percent this year, the IMF predicted. That is up from 2.9 percent last year, which was the worst year for the world economy since the Great Recession. The more upbeat forecast for 2020 is… Continue Reading…

Economy

“World’s richest 2,000 people hold more than poorest 4.6 billion combined: Oxfam”

“The world’s richest 2,153 people controlled more money than the poorest 4.6 billion combined in 2019, while unpaid or underpaid work by women and girls adds three times more to the global economy each year than the technology industry, Oxfam… Continue Reading…

Economy

“Internet shutdowns cost the global economy $8 billion last year, report says”

“More than 18,000 hours of internet shutdowns around the world caused by deliberate government action costmore than $8 billion in 2019, a new report estimates… The report, which examines partial and total shutdowns across 122 countries, was published by the internet… Continue Reading…

Stocks

“Nasdaq tops 9,000 on boosts from Amazon, trade optimism”

“The Nasdaq crossed the 9,000-point mark for the first time on Thursday as all three major Wall Street indexes posted record closing highs, boosted by optimism over U.S.-China trade relations and gains in shares of Amazon.com after a report signaled… Continue Reading…

Economy, Stocks

“Global stock markets gained $17 trillion in value in 2019”

“Global stock markets have been on a torrid run in 2019, adding more than $17 trillion in total value, according to Deutsche Bank calculations. The value of global equities began the year just under $70 trillion but has now surpassed… Continue Reading…

Economy, Stocks

Heating Up: “Stock market ‘melt-up’ coming soon: Bank of America”

“The stock market is spring-loaded for a big start to 2020, according to strategists at one Wall Street bank. The market is “primed for Q1’2020 risk asset melt-up,” Bank of America strategists Michael Hartnett and Tommy Ricketts wrote in a Dec. 12… Continue Reading…

Economy

“Mnuchin says trade deal with China to boost global economy”

“…The United States and China cooled their trade war on Friday, announcing a “phase one” agreement that reduces some U.S. tariffs in exchange for what U.S. officials said would be a big jump in Chinese purchases of American farm products… Continue Reading…