What is a bear market?

New York (CNN Business)Market volatility has reached epic heights in the past few weeks, so it’s tempting for investors to throw up their hands. Why not just ditch stocks and put money into cash in order to avoid big drops? That would probably be a mistake. Long-term investors need to ride out the inevitable bear markets — as painful as […]

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An ‘Epic Supply-Demand Battle’ Is Looming Across Bond Markets

In this article In coronavirus-rocked debt markets, a historic wave of government bond selling is meeting the biggest monetary buying program on record. But even as central banks unleash their trillions, the issuance spree across developed economies is proving far from smooth sailing. Bill auctions are struggling in Spain and France. Hedge funds are seeking ways to exploit supply-and-demand glitches […]

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United Airlines sees $2.1B loss as coronavirus hits growth hopes

Trump announces Treasury Department support for airline industry President Trump discusses how the Payroll Support Program will give economic relief to the airline industry. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below CHICAGO (Reuters) – United Airlines said on Monday it expects to report a pre-tax loss of about […]

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CLO Reckoning Arrives: Downgrade Wave Tests $700 Billion Market

As U.S. financial markets have rebounded feverishly this past month from the worst of the coronavirus-induced sell-off, one asset has been conspicuously absent from the rally: the collateralized loan obligation. Prices in key parts of the almost $700 billion market — which through large doses of Wall Street alchemy provides financing to companies with less-than-stellar credit scores — have remained […]

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A $1.2 Trillion Fund Says Skip Earnings Season, Buy U.S. Stocks

Jim McDonald is using all of his four decades of experience in financial markets to navigate the global pandemic’s impact for wealthy and institutional customers at Northern Trust Corp. His main message: be bullish on U.S. stocks. The huge policy response from American authorities and prospects for even more fiscal measures have left McDonald favoring the U.S. over others. For […]

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Thailand Corporate Profit Outlook Is Bleakest in Southeast Asia

Estimating and comparing companies’ results in the first quarter since the Covid-19 outbreak is more a guessing game than a science. By any measure, though, the outlook for Thailand Inc. is more bleak than for peers across Southeast Asia. Earnings predictions for companies in the MSCI Thailand Index have been slashed by 23% on average so far this year, the […]

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Fight Over Commercial Rent Gets Ugly With Default Wave Looming

Tension is rising in the messy fight over commercial rent payments. With stores shuttered across the U.S., struggling retailers are skipping rent and asking for concessions, while landlords are demanding payment and having their own tricky conversations with lenders. There are no easy answers as officials ponder how to safely get the economy back open. So far this month, some […]

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Treasuries Extend Upward Move On Troubling Economic Data

Following the strong upward move seen in the previous session, treasuries saw some further upside during trading on Thursday. Bond prices gave back some ground after an early advance but remained firmly positive. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 2.9 basis points to 0.609 percent. The continued strength on Wall […]

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