Carnival Cruise has pushed back its restart date as the pandemic intensifies. The company’s debt load and cash burn are spiraling out of control. Bankruptcy is on the table for… Read more »
The has rallied for a couple of weeks, but it is still in a month-long trading range. So far, today is a doji bar on the daily chart, and its… Read more »
5 day winning streak is over The US major indices are closing lower across the board. The declines are led by the Dow industrial average. However the S&P index and… Read more »
There was some good news from manufacturing and services, as the initial estimates for June all showed improvement. French Services PMI improved to 50.3, while the German and eurozone indices… Read more »
Gold closed the third straight week in the positive territory. Risk-averse market environment provides a boost to safe-haven gold. Markets are likely to continue to react to coronavirus headlines. The… Read more »
The Fed’s annual stress test is coming up at 4:30 pm ET If you go back to 2009, these were one of the things that kept the equity market rally… Read more »
Dow up for the 2nd straight day. NASDAQ closes at a record level after reaching a all time intraday high The major indices close higher on the day but are… Read more »
Stocks trading to a new session lows The NASDAQ index is trading to a new session low. The S&P and Dow are also near low levels for the day. That has… Read more »
Intraday high still $10 away Gold is up $12 to $1756 on the day and at that level it would be the highest close since 2012. The intraday high of… Read more »
Isn’t 6.3bn EUR something like the typical repair bill on an old Fiat? I digress. Reuters report over the weekend the approval is close, citing two sources: Italy close to… Read more »