When it comes to the current economic landscape, you can either look at the glass half empty or half full. Driven by positive developments in the re-opening of the global economy, U.S. stock futures pointed to opening gains on Monday, but this follows the market’s first week-to-date decline in three weeks thanks to a historic drop in oil prices.This same philosophy applies to the narrowing of market breadth, or how many stocks are participating in a given move in an index. According to Goldman Sachs US equity strategist David Kostin, the S&P 500 is 17% below its February record, but the median stock trades 28% lower than at its peak. On top of this, 20% of the index’s market capitalization is made up by the five biggest names, surpassing the 18% mark hit in March 2000. Hammond argues that historically, narrow breadth has signaled a substantial market downturn.Other Goldman Sachs strategists,...
Warren Buffett, Chairman and CEO of Berkshire Hathaway, sat down with Yahoo Finance Editor-In-Chief Andy Serwer to discuss wealth disparity and the state of capitalism in America....
(Bloomberg) -- Retail investors can’t seem to get enough of gold during the coronavirus crisis, and they are willing to pay staggering amounts to get their hands on it.Consumers who want to buy gold coins typically have to pay more than the per-ounce prices quoted on financial markets in London and New York. That premium has jumped to $135, more than tripling from two months ago, said Robert Higgins, chief executive officer at Argent Asset Group LLC in Wilmington, Delaware.“There has never been a time for American Gold Eagles at this premium level,” Higgins said in an interview, referring to the popular U.S. bullion coin.The surge is being exacerbated by coronavirus-related lockdowns, which have led to a squeeze in the supply of coins and bars available for shipment around the globe. At the same time, bullion’s status as a haven is luring investors rattled by worldwide market and economic turmoil.“Until the...
Brazil's Embraer SA on Monday said it had begun an arbitration process against Boeing Co , after the U.S. planemaker canceled a $4.2 billion deal over the weekend that its former partner saw as crucial to its long-term success. Embraer shares fell 14% in Sao Paulo on the news. The sudden collapse of the deal, triggered by a deadline that Boeing refused to extend, drew an irate response from Embraer....
