Financial Industry News
A terrible PMI reading prompted a massive slide in the Dow Jones Industrial Average (DJIA) on Friday. Stock market bulls appear to have underestimated the effect of the coronavirus on the U.S. economy. Donald Trump’s phase one deal with China looks unlikely to be fulfilled, posing a significant risk to the Dow Jones. The Dow […]
Continue ReadingPewDiePie is back after a 37-day YouTube hiatus. And he’s back to his old ways right off the bat. His return video is rife with racially “edgy” humor. PewDiePie, the king of gaming YouTube, took a break last month. It was a momentous event for his channel after ten years of daily uploads. But he […]
Continue ReadingU.S. services PMI plunged into contraction territory for the first time since 2013. The broader U.S. economy is on pace to grow just 0.6% this month, according to IHS Markit. Business spending plans have been curbed over fears of a worsening coronavirus pandemic. Output in the U.S. services sector plunged to more than six-year lows […]
Continue ReadingThe Dow Jones Industrial Average (DJIA) declined on Friday, setting the index up to record a weekly loss. Damage from the coronavirus outbreak prompted another Dow 30 component to cut its earnings guidance. The infection toll continues to mount outside of China, especially in South Korea and Japan. The Dow Jones Industrial Average (DJIA) fell […]
Continue ReadingOfficials in Daegu suspect hundreds of additional coronavirus cases could be confirmed in the days to come. Over 400 people from the Shincheonji Church are showing symptoms of the virus. The outbreak started with a single individual at the church. South Korea has become the most infected country by coronavirus just behind China. The nation […]
Continue ReadingThe number of coronavirus cases in South Korea reached 156 on Friday. Soldiers at the Navy, Army and Air Force have been diagnosed with COVID-19. With 52 new confirmed cases, South Korea has the highest number of coronavirus infections outside China. According to Yonhap News Agency, a government-funded mainstream publication in South Korea, the total […]
Continue ReadingMore than 30 people in city of Daegu were confirmed with coronavirus in the past 2 days. The mayor considers the virus to be a level 4 contagious disease, the highest level possible. Local officials are preparing for worse to come. Over 30 confirmed cases of coronavirus have emerged in the South Korean city of […]
Continue ReadingThe Chinese government has expelled three Wall Street Journal reporters over an op-ed published by the outlet. The Wall Street Journal has been instrumental in exposing China’s underreporting of the coronavirus outbreak. China may be trying to suppress information about the outbreak by intimidating journalists. The Chinese Communist Party has expelled several journalists for daring […]
Continue Reading15 new confirmed cases of coronavirus were reported in South Korea. The nation’s Health Minister warned of the second peak of the outbreak is coming. Short-term sentiment around the virus remains gloomy among experts. South Korea and Japan are vulnerable to a large-scale coronavirus outbreak as more than a dozen confirmed cases of the virus […]
Continue ReadingApple’s coronavirus profit downgrade rippled through U.S. stocks with exposure to China on Tuesday. As the Dow Jones’ second most heavily weighted stock, AAPL put severe pressure on the index. Dow bulls are still betting on a v-shaped recovery in China’s economy, but Japan and Germany might not be so fortunate. The Dow Jones fell […]
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