Market Overview - Page 417

U.S. shale producers are seeking sharp service costs cuts to deal with plummeting prices and shrinking demand, according to executives and a letter sent to top providers, driving home the oil industry’s desperate efforts to cope with a market dive..

Stocks plunged on Friday with coronavirus panic selling hitting nearly every asset class, before finding some kind of floor as hopes turned to a U.S. stimulus package. European and U.S. stock futures traded in positive territory and some of Asia’s.

Bitcoin has a history of heart-stopping volatility but they all pale in comparison to what happened in the last 24 hours. The king cryptocurrency bowed down to macro forces as it lost nearly 40% of its value in yesterday’s trading..

While much of the attention in the bond market has focused on the Treasury side, corporate fixed income has been in its own state of turmoil. Interest rates on the lowest-rated companies have spiked, rising above their government bond counterparts.

Cryptocurrencies took a battering following a global sell-off in stocks, with bitcoin seeing a near 40% plunge. The market capitalization, or total value of the entire cryptocurrency market plummeted around $93.5 billion in the space of 24 hours as of.

The number of Americans filing for unemployment benefits unexpectedly fell last week as employers continued to hold on to their workers, but the coronavirus pandemic is expected to lead to an increase in layoffs as companies battle supply chain disruptions.

European markets posted their worst one-day drop in history on Thursday, as investors reacted to President Donald Trump’s decision to impose restrictions on travel to the U.S. from some countries in Europe, and the European Central Bank’s decision not to.

Major indices have entered the bear market territory, breaking the 11-year bull-cycle. The Dow Jones index closed trading on Wednesday with a 20.2% loss from the peaks of a month ago, which triggered increased turbulence and pressure from sellers. As.

Bitcoin extended declines a second day, falling past a key $7,500 support level to lead cryptocurrencies lower amid a wider global risk asset sell-off over the intensifying coronavirus crisis. The largest digital currency fell as low as $7,353 and was.

During the mainstream market’s current decline, investment advisors are giving out a myriad of advice, with some even mentioning Bitcoin (BTC). Morgan Creek Digital co-founder and partner, Anthony Pompliano, or “Pomp,” tweeted an inquiry to his followers, asking what their.

Fear about the coronavirus has pulled the S&P 500 down nearly 20% from its record high. So what? For many investors, Wall Street’s recent deep losses are marking the end of the longest S&P 500 bull market on record, and.

Oil prices fell for the second straight day on Thursday amid a broad decline in global markets after the United States banned travel from Europe following the World Health Organization’s decision to declare the coronavirus outbreak a pandemic. The slump.