BI Prime Markets 2020-04-26T12:18:00Z
FILE - In this Jan. 2, 2020, file photo traders monitor stock prices at the New York Stock Exchange. Over the next few weeks, companies across the country will be telling investors how much profit they made in the last three months of 2019. (AP Photo/Mark Lennihan, File)

The stock market is rebounding without the most important ingredient it needs for long-term gains — and one quant chief warns it's a setup for another crash

Stocks need profit growth to rise on a sustained basis — but the coronavirus crisis is drying up cash flows.
BI Prime Markets 2020-04-26T14:56:00Z
Sad trader happy trader

GOLDMAN SACHS: These are the top 11 companies to watch as we enter the best stock-picking environment in over a decade

Goldman says stock-picking conditions are the ripest they've been since the post-Great Recession period of 2009.
BI Prime Markets 2020-04-22T12:14:00Z
Nour Atta

Meet the 20-year-old day-trading phenom who's turned $20,000 into more than $1 million. He details his precise strategy — and shares how he made $11,400 in 2 minutes.

Nour Atta said he turned thousands into millions using a simple day-trading strategy. He explains his process.
BI Prime Markets 2020-04-23T12:08:00Z
Markets 2020-04-26T14:58:00Z

From precious metals to loans on the brink of default: Investors are flocking to these assets after the coronavirus market meltdown

Distressed debt, gold, and even bitcoin are garnering new interest from analysts and investors alike as the stock market rebound slows.
Markets 2020-04-26T12:29:00Z

Warren Buffett is keeping quiet during the coronavirus crisis. We asked 8 casual investors to speculate on what he's doing.

"He's sitting in his bathrobe, reading the paper and sipping coffee, waiting for the market to reflect the reality of the economy."
Markets 2020-04-25T12:40:00Z

'A fool's game': 4 economists break down what it's like forecasting the worst downturn since the Great Recession

"I come at this with a huge amount of humility as anyone should. These numbers have been a moving target," said Heidi Shierholz of the EPI.
BI Prime Markets 2020-04-25T12:33:00Z

A renowned market bear says stocks are setting classic trap before another steep plunge — and says the market is at risk of a 57% drop from current levels

"My sense is that investors remain disoriented about where they actually are in the cycle," says John Hussman.
Markets 2020-04-25T07:27:00Z

'There is no reason to be bailing out Middle Eastern overproduction': Analysts break down how to prevent further oil price volatility

US oil and Brent crude have recovered after historic lows. Analysts explain how to stop oil from crashing again.
Markets 2020-04-24T21:09:00Z

Nintendo cuts 'Animal Crossing: New Horizons' interest rates to boost virtual spending

Players received a letter from the game's Bank of Nook explaining the change. The letter included a rug shaped like a bag of bells.
Markets 2020-04-24T21:08:00Z

Famed 'Big Short' investor Steve Eisman explains why he's betting big on major US banks

Steve Eisman says the best cyclical play coming out of the coronavirus pandemic is the large US bank stocks.
Markets 2020-04-24T19:50:18Z

Facebook pops, Zoom drops on Facebook announcing 'Rooms' video-chat competitor

Facebook announced 'Rooms' on Friday, a video-conferencing app that will directly compete with Zoom and Google Hangouts.
Markets 2020-04-24T19:23:10Z

Here's the complex and expensive way some oil producers are guarding against plunging prices

Adding hedges will be much more challenging for the rest of 2020 due to the downward shift in the curve and the increase in volatility, IHS said.
BI Prime Markets 2020-04-24T17:35:00Z
Markets 2020-04-24T17:18:00Z

Peloton jumps 9% after attracting a record 23,000 members to single virtual cycling class

With gyms shut down across the country, Peloton is pulling unprecedented attendance for its virtual cycling classes.
Markets 2020-04-24T17:02:20Z

DraftKings soars as much as 18% in trading debut amid sports lockdown and intense market volatility

The betting platform went public through a unique merger that allows shares to begin trading without an initial public offering or direct listing.
Markets 2020-04-24T16:12:00Z

Fewer than half of working Americans will have a paycheck in May as devastating coronavirus layoffs persist, economist says

"It would be another signal that a V-shaped recovery for the US economy is highly unlikely," James Knightley of ING said.
Markets 2020-04-24T16:06:37Z

US durable goods orders slump the most since 2014, weighed down by the coronavirus pandemic and canceled Boeing orders

"We can't be too upbeat," said James Knightley, chief international economist at ING. "We still expect to see investment fall sharply through 2Q."
Markets 2020-04-24T15:56:00Z

Oil spikes 9% as market rebound puts negative prices in rear view

While some analysts are cheering the rebound, others see the move as a "dead-cat bounce" before another sharp downturn.
Markets 2020-04-24T15:38:17Z

Zoom surges as much as 7% to all-time highs following inclusion in Nasdaq 100 Index

Nasdaq announced that it would be adding Zoom Video Communications to the Nasdaq 100 Index following its meteoric rise.
Markets 2020-04-24T14:36:24Z

US banks retreat from European lending as the coronavirus pandemic rages

JPMorgan, Goldman Sachs, and Bank of America are said to be taking greater care in underwriting loans to large corporate clients across Europe.
Opinion 2020-04-24T14:15:00Z

INSIDER TODAY: What's the right balance?

It may seem tough, but moves to reopen the country are coming too early and are more likely to make the coronavirus pandemic worse.
Markets 2020-04-24T13:16:33Z

As popular oil ETF plunged to single digits, retail investors rushed to buy the dip

By the end of day Thursday, more than 180,000 Robinhood accounts owned USO, representing a massive 2,050% increase compared to the month prior.
Markets 2020-04-24T13:13:30Z

The Fed will keep interest rates near zero for at least 3 more years, economist survey says

90% of economists surveyed by Bloomberg agreed with the Federal Reserve's response to the coronavirus epidemic.
Markets 2020-04-24T12:49:00Z

Traders made $286 million by betting against a popular oil ETF as prices plummeted

In the last two months, traders betting against the United States Oil Fund went into "overdrive," according to Ihor Dusaniwsky of S3 Partners.
Markets 2020-04-24T12:31:38Z

The SEC took action against 23 companies for making false claims about COVID-19

The agency warned of 'pump and dump' schemes where people spread false information to boost a company's stock price then sell its shares at a profit.
BI Prime Markets 2020-04-24T12:17:00Z

Morgan Stanley explains why the end of wild swings in the stock market is near — and shares the perfect trade to profit from the calm ahead

Experts share a trading strategy that should enhance your income even as the stock market recovers more gradually.
Markets 2020-04-24T10:34:18Z

ECB chief Christine Lagarde warned of a 15% plunge in Europe's economy during the coming coronavirus recession

Eurozone leaders have already announced a stimulus package of more than 500 billion euros to protect the bloc from the economic fallout of COVID-19.
Markets 2020-04-24T09:56:45Z

Oil's rally in recent days is just a 'dead-cat bounce,' analysts warn after Trump stoked tensions with Iran

Oil has recovered in recent days after US President Donald Trump instructed United States Navy to "shoot down any and all Iranian gunboats."
Markets 2020-04-23T21:36:00Z

A Harvard medical professor is now a billionaire after his early stake in Moderna soared 17,000%

Timothy Springer invested $5 million in the biotech company early on, and his stake has since swelled to more than $800 million, Bloomberg said.
BI Prime Markets 2020-04-23T21:30:00Z

Credit Suisse outlines 5 reasons why stock traders should buy any dip that transpires this year — even as the market grapples with the coronavirus

The firm's global strategists told clients in a note they expected the S&P 500 to settle at 2,700 at the end of this year and rise to 3,100 in 2021.
Markets 2020-04-23T21:01:00Z

Goldman Sachs says Amazon's stock will surge 20% from current levels, making it the new biggest bull on Wall Street

Goldman Sachs says Amazon is leading the movement of retail online, which is "being accelerated by the current crisis."
Markets 2020-04-23T19:07:58Z

Here's how Warren Buffett-led Berkshire Hathaway's most important companies are faring in the coronavirus pandemic

"We're like the captain of a ship when the worst typhoon that's ever happened comes," Buffett's right-hand man Charlie Munger told The Journal in April.
Markets 2020-04-23T19:07:00Z

Gilead tanks 9% on report its coronavirus drug doesn't help patients

The report contained "inappropriate characterizations," Gilead said, adding that low enrollment led the trial to be ended early.
Markets 2020-04-23T17:52:03Z

Zoom jumps 11% after company announces it added 100 million new users in 3 weeks

Shares of Zoom jumped 11% after the company announced that it surpassed 300 million daily users, an increase of 100 million users in just three weeks.
BI Prime Markets 2020-04-23T17:38:29Z

The best small-company stock picker of the past 5 years tells us what he added to his portfolio after the market crashed — and shares his 3 favorite investments for the next decade

Mark Rayner's out-of-the-way finds include the Bloomberg for Swedish lawyers and a steam-power company with 50 straight years of dividend growth.
Markets 2020-04-23T17:04:50Z

More than 80 million Americans received stimulus checks last week. But top Democratic economists say the government should be doing even more to fight coronavirus.

Top Democratic economists say another wave of stimulus checks is likely needed to help people confront the economic fallout from the coronavirus.
BI Prime Finance 2020-04-23T16:58:04Z

A former Point72 portfolio manager just broke through the industry-wide chill on fund launches by kicking off a $250 million supply chain-focused hedge fund

Walnut Level Capital is former Point72 manager Charlie Antrim's new fund. It recently launched with $250 million in Colorado.
Markets 2020-04-23T16:33:21Z

Here's what 5 economists are saying about unemployment after 26 million Americans filed jobless claims in just 5 weeks

"The more unemployment rises, the slower the eventual recovery may be," said Seema Shah, chief strategist at Principal Global Investors.
Finance 2020-04-23T16:14:28Z

'Capitalism as we know it will likely be changed forever,' billionaire investor Leon Cooperman says

The coronavirus pandemic and subsequent recession will have profound repercussions for capitalism as we know it, according to Leon Cooperman.
BI Prime Markets 2020-04-23T15:54:00Z
Markets 2020-04-23T15:13:37Z

'Ferocity not previously seen in recent history': US economic output plunged the most since 2009 in April as the coronavirus lockdown spread

Service sector output, which accounts for two-thirds of the economy, plunged to 27 from 39.8. Manufacturing output dropped to 36.9 from 48.5.
Markets 2020-04-23T15:03:00Z

JPMorgan reveals 3 reasons the oil crash won't create systemic risk for markets

Energy companies account for 3% of the S&P 500, JPMorgan said, leaving the index fairly protected from earnings downgrades or bouts of volatility.
Markets 2020-04-23T14:56:11Z

Societe Generale's notoriously bearish strategist shot down the 'ludicrous' idea that stocks will boom in the coming recession

Societe Generale's chief strategist said"Many equity bulls think it is inevitable that massive central bank liquidity will boost equity prices."
Markets 2020-04-23T14:56:00Z

These 14 charts from Goldman Sachs show how much damage the coronavirus has inflicted on the global economy

Goldman Sachs' US Consumer Activity Tracker was down 73% year-over-year.
Markets 2020-04-23T14:47:43Z

US new-home sales fell the most since 2013 last month as the coronavirus pandemic slowed buying

Contract signings on new homes were likely "heavily hit by increasing unemployment, uncertainty, and restrictions on activity," said Seth Carpenter of UBS.
BI Prime Tech 2020-04-23T14:38:02Z

Evan Spiegel says in leaked memo that Snap plans to raise up to $750 million in a private debt offering to remain flexible 'even if challenging conditions continue'

The move gives Snap "flexibility to continue to invest in the long-term growth of our business, even if challenging conditions continue," Spiegel said.
Politics 2020-04-23T14:25:02Z

A ban on mergers during the coronavirus pandemic should be added to the next relief package, says House antitrust chairman

House Antitrust Chairman David Cicilline told Politico he wants the next coronavirus relief bill to include a ban on mergers during the pandemic.
Opinion 2020-04-23T14:00:00Z

INSIDER TODAY: What happens if we reopen too early? Let's look at 1918.

States are starting to reopen as cases of coronavirus plateau. Evidence from the 1918 flu pandemic suggests that is a mistake.
Markets 2020-04-23T13:56:26Z

Confidence in the Fed chair spikes to the highest since 2005 amid Jerome Powell's unprecedented actions to fight coronavirus

Powell's rating beat out those of President Donald Trump and Treasury Secretary Steven Mnuchin, who got 47% and 51%, respectively.
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