Stock-market volatility is creating the largest daily price swings since 1929 crash
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Further illustrating the degree of daily price swings, the S&P 500 ended a 12-day streak of 1% moves up or down, the Bespoke analysts noted. A 13-day run is longer than anything seen during the 2008 financial crisis and just two shy of the 15 straight days of plus or minus 1% moves seen in October 2002 at the lows of that bear market, they said.
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Wed Apr 08 - GoogleRelated Articles
Trump approves of Oracle’s effort to buy TikTok
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President Donald Trump voiced support on Tuesday for Oracle Corp. to buy the U.S. operations of TikTok, adding a fresh wrinkle to the bidding for the Chinese-owned video-sharing app. Oracle, a giant in business software, has had preliminary discussions about teaming with some of ByteDance’s existing minority investors to buy TikTok’s U.S. operations but it isn’t clear how advanced the talks are, said people familiar with the matter.
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Wed Aug 19 - MarketwatchElon Musk Gains $8 Billion to Become World’s Fourth-Richest Person
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Elon Musk’s financial upswing shows no signs of slowing. The rise vaulted the Tesla co-founder past French luxury tycoon Bernard Arnault, the wealthiest non-American on the Bloomberg Billionaires Index. Musk’s fortune has grown by $57.2 billion this year, the second-biggest increase on the index after Amazon.com Inc. founder Jeff Bezos’s.
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Tue Aug 18 - BloombergAsian markets rise, though Nikkei sinks after Japan’s record contraction
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Japanese stocks sank while other Asian markets gained Monday after Japan reported a record economic contraction as the coronavirus pandemic weighed on retailing, investment and exports. The Nikkei 225 in Tokyo NIK, -0.82% fell 0.8% after the data showed the world’s third-largest economy shrank 27.8% from a year earlier in the three months ending in June.
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Mon Aug 17 - MarketwatchUS risking another COVID-19 wave, Mark Zandi warns
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Mark Zandi of Moody's Analytics is getting increasingly worried and said that the states are taking a large gamble by reopening businesses too quickly. "If we get a second wave, it will be a depression," the firm's chief economist told CNBC's "Trading Nation" on Friday. It's a necessary condition for the economy to fully recover," Zandi said.
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Mon May 11 - Cnbc