Jul.03 -- The euro zone might not see positive interest rates for another five years, according to former European Central Bank board member Benoit Coeure, who is now head of the innovation hub at the Bank for International Settlements. Coeure spoke on the sidelines of the Aix-en-Seine economic conference from Paris with Bloomberg’s Nejra Cehic on “Bloomberg Surveillance.”...
When the novel coronavirus first rippled across China, I had extremely pessimistic thoughts about Alibaba (NYSE:BABA). Given our globalized societies, it was only a matter of time before the outbreak would spread across the world. Of course, this would place a very negative light on China, which would then impact its flagship Alibaba stock.Source: Nopparat Khokthong / Shutterstock.com Sure enough, China did come under pressure. Not surprisingly, President Trump has been the most vocal against the world's second-biggest economy, criticizing it at every opportunity. At his campaign rally in Tulsa, Oklahoma, Trump mockingly called the virus "kung flu," drawing intense uproar from minority rights advocates. As well, the President has consistently referred to the coronavirus as the "Chinese virus."To be fair, he's not the only one with harsh words. For instance, Japan's deputy prime minister and finance minister, Taro Aso, stated that some people have begun to refer to the World...
The last time I wrote about MGM Resorts (NYSE:MGM) and MGM stock was in mid-June. The company's Las Vegas casinos were starting to open up and business would soon return to normal. Investors were cautiously optimistic. Source: Jason Patrick Ross / Shutterstock.com However, since then, it's become clear the novel coronavirus isn't going away any time soon. In fact, it might be stronger than ever. As a result, MGM stock has lost its momentum and is struggling to stay in the mid- to high-teens. Reopening Hasn't Been a Slam DunkIn my June 18 article, I said that given the difficulties casinos would face when reopening their locations -- reduced capacities, increased cleaning, security, and labor costs -- MGM would likely see some downside as a result. And that's precisely what's happened. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Utilities Stocks to Buy With Reassuring Dividends For...
(Bloomberg) -- From a 2,997-point rout in the Dow to two 9% single-day rallies in the S&P 500, the 2020 stock market has served up a raft of tantalizing sessions for would-be market timers. Hours came and went in which whole years could be made or lost.But for all the dizzying turbulence, it’s worth noting that the S&P 500 is nearly flat for anyone who sat tight and held through the chaos. Mistakes stand out in an environment like that -- the back-breaking costs of even a few wrong moves in a market as turbulent as this one. Maybe volatility is the time for active managers to shine, but the downside of getting it wrong has rarely been greater.One stark statistic highlighting the risk focuses on the penalty an investor incurs by sitting out the biggest single-day gains. Without the best five, for instance, a tepid 2020 becomes a horrendous one:...
