Posts filtered by tags: Wall Street[x]


Hedge funds are pouncing on companies infected by coronavirus

Hedge funds have lost billions of dollars as coronavirus has stalled the economy and sent Wall Street into a tailspin. US-based hedge funds are aiming to persuade clients that the current economic crisis and the uncertainties in fact present a unique investment opportunity, according to letters sent to clients viewed by AFP. In their discussions with current investors and potential new clients, some of these funds are emphasizing that stocks, corporate bonds and commodities have not been as ch...
Tags: News, Wall Street, US

Trump Seeks Advice From Fink, Wall Street as Outbreak Worsens

(Bloomberg) -- Donald Trump is consulting on coronavirus aid for companies with top Wall Street executives including BlackRock Inc. Chief Executive Officer Larry Fink, who met with the president last week, according to people familiar with the matter.“People like Larry Fink we’re talking to, that’s BlackRock -- we have the smartest people, and they all want to do it,” Trump told reporters Friday at the White House. “This, to them, they love this country, they all want to do it, so we’re speaking...
Tags: Politics, News, Wall Street, White House, Bloomberg, Federal Reserve, Blackrock, Trump, U S, BlackRock Inc, Delta Air Lines Inc, Larry Fink, Fink, China Trump, Bloomberg Donald Trump, Trump Seeks Advice From Fink Wall Street

A Wall Street analyst sees Apple buying major Hollywood studios battered by the coronavirus crisis: 'They need content and they have cash' (AAPL)

The coronavirus crisis is taking its toll on Hollywood which could create an opportunity for Apple to buy a major studio, a Wall Street analyst said Friday. Major studios and entertainment companies are reeling from the crisis as premieres and productions are cancelled. Wedbush analyst Daniel Ives said he sees Apple, which just launched its own streaming TV service, acquiring one of the major entertainment companies to boost its new Apple TV Plus service. "They need content, and they have $200...
Tags: Apple, Hollywood, Lionsgate, Wall Street, Trends, James Bond, Sony Pictures, MGM, Aapl, Wedbush, J J Abrams, Ives, Holywood, Daniel Ives, Oprah Winfrey Steven Spielberg

Stocks shoot upward as ‘Phase Three’ stimulus passes Senate and unemployment skyrockets

Stocks soared on Thursday even as the U.S. reported its worst unemployment numbers in 50 years of tracking data. The pain felt on main street was offset for investors by the federal government opening its wallet to Wall Street, businesses and (at some point) workers in the form of the $2 trillion stimulus package designed as a response to business closures as a result of the COVID-19 epidemic. Details of the plan and its implications for startup companies are still being assessed, but the spigot...
Tags: Apple, Google, Amazon, TC, Facebook, Wall Street, Senate, Tech, Companies, United States, Citigroup, Manhattan, Federal Government, Dow Jones Industrial Average, Alphabet, Alphabet Google

Tech giants should let startups defer cloud payments

Google, Amazon, and Microsoft are the landlords. Amidst the Coronavirus economic crisis, startups need a break from paying rent. They’re in a cash crunch. Revenue has stopped flowing in, capital markets like venture debt are hesitant, and startups and small-to-medium sized businessesf are at risk of either having to lay off huge numbers of employees and/or shut down. Meanwhile, the tech giants are cash rich. Their success this decade means they’re able to weather the storm for a few mon...
Tags: Google, Amazon, Microsoft, Wall Street, Tech, Netflix, Giants, Google Amazon, Michael Campbell, Silicon Valley There

Morgan Stanley promises no job cuts in 2020 as coronavirus crisis grows

Morgan Stanley on Thursday pledged to not cut any jobs this year, according to a memo seen by Reuters, as the Wall Street bank sought to reassure employees worried about their jobs during the coronavirus pandemic.
Tags: Money, Wall Street, businessNews, Morgan Stanley, Reuters

Gulf Sovereign Funds Seen Shedding $300 Billion in Market Mayhem - Bloomberg

Gulf Sovereign Funds Seen Shedding $300 Billion in Market Mayhem - Bloomberg:The Gulf region’s rainy day funds are bracing for the deluge.On top of the collapse of oil prices and meltdown in global markets, Gulf sovereign wealth funds are channeling some of their billions back to counter the recession triggered by the coronavirus pandemic. The decline in assets could exceed $300 billion this year, according to the Institute of International Finance, the industry’s global association.The impact w...
Tags: Travel, Saudi Arabia, Wall Street, Gulf, Institute of International Finance, Rupert Neil Bumfrey, Abu Dhabi Kuwait Qatar, Rachel Ziemba, Ziemba Insights

Read all of Inman’s coronavirus coverage here

Inman has published more than five dozen stories on the coronavirus. Here's our comprehensive list of coverage.
Tags: Real Estate, Technology, Wall Street, Listings, Marketing, Radio, Mls, Agent, Rent, Berkshire Hathaway, Evictions, Mortgage, Compass, Stock Market, Market, Donald Trump

Oil demand to plunge by 10.5 million bpd in March, more in April - Goldman Sachs

Goldman Sachs expects oil demand to fall by 10.5 million barrels per day (bpd) in March and possibly by as much as 18.7 million bpd in April, the Wall Street bank said in a note dated March 25.
Tags: Money, Wall Street, businessNews, Goldman Sachs

Read all of Inman’s coronavirus coverage here

Inman has published more than five dozen stories on the coronavirus. Here's our comprehensive list of coverage.
Tags: Real Estate, Technology, Wall Street, Listings, Marketing, Radio, Mls, Agent, Rent, Berkshire Hathaway, Evictions, Mortgage, Compass, Stock Market, Market, Donald Trump

Wall Street falls as Fed fails to assuage virus worries

Wall Street slipped on Monday as the still rapidly spreading coronavirus forced more U.S. states into lockdown, eclipsing optimism from an unprecedented round of policy easing by the Federal Reserve.
Tags: Money, Wall Street, businessNews, Fed

Pandemic bonds prove good for investors, less so for nations

To offset the crushing costs of trying to stem a global epidemic, the World Bank and partners announced the creation of “pandemic bonds” several years ago: the idea was to leverage private capital from Wall Street firms that would help stricken poor countries. Former World Bank chief economist Lawrence Summers has described the bonds as “financial goofiness.” The bonds were launched in the aftermath of the devastating Ebola outbreak in West Africa, and the current coronavirus outbreak is expos...
Tags: News, Wall Street, West Africa, World Bank, Lawrence Summers, Former World Bank

Our 44th Anniversary

Today  Forty-four years ago, on March 21, 1977, I met Vincent Gagliostro in New York City, and my life changed forever.   It was an interesting happenstance how we met, and if it wasn’t for a split second in time, we may have never met.   I was 21 years old, and still living at home in Brooklyn with my parents. It was the height of the disco era, and every Saturday night I would go into the city to dance away the night to the disco beat. I was close with my brother Joe, who lived in...
Tags: Travel, Wall Street, New York City, Brooklyn, Paris, Manhattan, Michael, Joe, Saks Fifth Avenue, Vincent, Tribeca, Parsons School Of Design, Lily Tomlin, Sutton, Son of Sam, Fifth Ave

Exclusive: Goldman injects $1 billion into own money-market funds after heavy withdrawals

Goldman Sachs Group Inc poured more than $1 billion into two of its prime money-market portfolios this week due to heavy investor withdrawals, in what the Wall Street bank described as a pre-emptive move to boost liquidity at a time of coronavirus-related stress.
Tags: Money, Wall Street, businessNews, Goldman, Goldman Sachs Group Inc

Read all of Inman’s coronavirus coverage here

The global coronavirus pandemic is unlike any other event that anyone living today has experienced. Since the illness was first detected last year in China to the first weeks of March when it ravaged the U.S. economy, it has sent markets into free fall and forced everyone in the real estate world to adapt at […]
Tags: Real Estate, Technology, Wall Street, China, Listings, Marketing, Radio, Mls, Agent, Rent, Berkshire Hathaway, Evictions, Mortgage, Compass, Stock Market, Market

Stocks rise after mixed day, with tech leading and SaaS outperforming

The wild ride that has been U.S. stock market over the past couple of weeks may be settling down — at least for the moment — from the whiplash-like swings that helped set global markets on edge. The new economic normal that the pandemic has brought to countries across the world seems to be settling on weary investors as the extent of COVID-19 becomes more clear and as proper testing begins to roll out along with massive trillion dollar aid packages. Wall Street responded to reports of possible b...
Tags: TC, California, Wall Street, Tech, Tesla, Companies, United States, Ford, President, Fca, Gm, Chrysler, Fiat, Automotive Industry, Volkswagen, Honda

Wall Street extends recent selloff, Dow all but erases "Trump-bump"

U.S. stocks deepened their selloff on Wednesday and the Dow effectively erased the last of its gains since U.S. President Donald Trump's 2017 inauguration, as repercussions of the coronavirus pandemic threatened to cripple economic activity.
Tags: Money, Wall Street, businessNews, Donald Trump, Trump

Coronavirus US updates: Trump closing Canada border for 'non-essential traffic' – live

Biden sweeps key primariesSanders pressured to exit in push for unity against virus and TrumpClosures and confusion as US voters go to the pollsSupport the Guardian’s independent journalism. Make a contributionSee all our coronavirus coverage 2.15pm GMT Bernie Sanders will return to Vermont today, his campaign manager said, where he will “begin holding conversations with supporters to get input and assess the path forward for our campaign”.“No sugarcoating it, last night did not go the way w...
Tags: Washington, Wall Street, Senate, US, World news, Joe Biden, US news, Canada, United States, US politics, Biden, Donald Trump, British Columbia, Vermont, Columbia, Bernie Sanders

Wall Street gains as Fed moves to buy short-term corporate debt

U.S. stocks reversed early losses to trade higher on Tuesday as the Federal Reserve said it would relaunch financial crisis-era purchases of short-term corporate debt to thaw credit markets strained by the coronavirus pandemic.
Tags: Money, Wall Street, businessNews, Federal Reserve, Fed

Another black Monday as coronavirus response upends Wall Street

Wall Street suffered its biggest drop since the crash of 1987 on Monday after unprecedented steps taken by the Federal Reserve, lawmakers and the White House to slow the spread and blunt the economic hit of the coronavirus failed to restore order to markets.
Tags: Money, Wall Street, White House, businessNews, Federal Reserve

Wall Street deepens historic slump as virus response comes up short

Wall Street suffered its biggest drop since 1987 on Monday, with the S&P 500 closing at its lowest level since December 2018, as investors fear the coronavirus pandemic is proving a tougher opponent than central banks, lawmakers or the White House are currently capable of battling.
Tags: Money, Wall Street, White House, businessNews

Stocks plunge as Wall Street, White House see recession risk

The U.S. stock market plunged to its worst day in more than three decades as voices from Wall Street to the White House said the coronavirus may be dragging the economy into a recession.
Tags: Wall Street, White House

Five of the World's Largest Banks Are Pouring Billions Into the Amazon's Destruction

These days, investment in planetary destruction is gauche. In recent months, major companies from Amazon to Microsoft have pledged to prioritize sustainability (though their plans to do so have been problematic at best). As environmental activists have targeted financial institutions for their investment in…Read more...
Tags: Amazon, Science, Microsoft, Finance, Banks, Wall Street, Deforestation, Oil And Gas

Coronavirus: Wall Street ends 12pc down, worst day since 1987 crash

Wall Street stocks closed 12 per cent down today - the worst day since the 1987 sharemarket crash - sending an ominous message to markets from the world's biggest economy.The decline was despte the best efforts of the US Federal... [Author: [email protected]]
Tags: Business, Wall Street, US

FAANG stocks diverge in performance as coronavirus reaches critical period

It’s looking to be another wild week on Wall Street, with index futures showing hefty drops in the 5% range following the Fed’s announcement over the weekend of an interest rate cut and an expansion of quantitative easing. Around the world, markets in Europe were down heavily as traders surveyed the full scale of the pandemic — the EuroNext 100 is down nearly 9% for the day, while the London-based FTSE 100 is down about 7%. Meanwhile, resiliency remains in Asian markets, as Korea’s KOSPI, Japan’...
Tags: Apple, Google, Amazon, Facebook, Asia, Hong Kong, Europe, Japan, London, Finance, Wall Street, China, New York City, US, Tech, Taiwan

U.S. Screening Snarls Travel; Airlines Cut Flights: Virus Update

(Bloomberg) -- Airlines are halting flights, and other business are grinding to a stop. People around the the world face more draconian restrictions on gatherings and travel.Europe now reports more daily coronavirus cases than China did at its peak in February. Cases jumped 20% in the U.K., which faced criticism for its approach to the virus. Currencies seem headed for more volatile swings after a turbulent week, early trading shows. New Zealand’s central bank slashed its benchmark rate.Key Deve...
Tags: Asia, South Korea, Europe, New York, London, News, Nbc, Colorado, Abc, California, Washington, France, Wall Street, White House, China, Germany

Big Law M&A work slumps; volatility funds shine; Goldman picks teams

  Welcome to Wall Street Insider, where we take you behind the scenes of the finance team's biggest scoops and deep dives from the past week.  If you aren't yet a subscriber, you can sign up here. Blue team, white team  Cboe and CME are clearing trading floors. Barclays and Intercontinental Exchange were among the latest firms with confirmed coronavirus cases. And Goldman Sachs' top brass on Thursday laid out their own coronavirus response.  Read the full memo explaining how Goldman is separat...
Tags: Wall Street, Softbank, US, Trends, Adidas, Bank Of America, Barclays, Italy, Ubs, Silicon Valley, Goldman Sachs, Morgan Stanley, Goldman, Robinhood, Bain Capital Ventures, Cto

Trump reportedly set to declare coronavirus a national emergency

President Trump is reportedly set to declare a national emergency over the COVID-19 coronavirus pandemic.Trump on Friday announced he would be holding a news conference on the coronavirus outbreak this afternoon, and Bloomberg subsequently reported he plans to invoke the Stafford Act to declare a national emergency over the crisis, which will allow for more federal aid to go toward the response to the outbreak.Trump on Thursday had suggested he might take this step, telling reporters that "we ha...
Tags: News, Wall Street, Politico, Bloomberg, Trump, Fed, Biden Trump

Stock markets recover after turbulent trading

By ELAINE KURTENBACH BANGKOK — European stocks rose Friday and Wall Street was set to gain on the open after turbulent trading in Asia and a day after the market’s worst session in over three decades. Shares rose in Paris and London but fell 6.1% in Japan following Wall Street’s and Europe’s biggest drop since the 1987 Black Monday crash. Friday the 13th brought wild swings for some markets as governments stepped up precautions against the spread of the new coronavirus and considered ways to cus...
Tags: Asia, South Korea, Hong Kong, Europe, Japan, London, Australia, California, France, Saudi Arabia, Wall Street, White House, China, Germany, Russia, India

Stocks surge on Wall Street; Dow jumps 800 points, or 4%

NEW YORK – Stocks are opening sharply higher on Wall Street a day after the worst drop since 1987. The Dow Jones Industrial Average jumped 800 points, or 4% early Friday. That’s far less than half of what the index lost a day earlier. European markets surged about 7% a day after one of their worst drops on record. The wild swings continued as governments stepped up precautions against the spread of the new coronavirus and considered ways to cushion the blow to their economies. Asian markets ende...
Tags: Asia, South Korea, Hong Kong, Europe, Japan, New York, London, Australia, California, France, Saudi Arabia, Wall Street, White House, China, Germany, Russia