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There are a lot more losing than winning stocks in the S&P 500, Jim Cramer says

5 years ago

“When you get down into the weeds of this market, what you see is that there are a lot more losers than there are winners,” CNBC’s Jim Cramer said.
“That’s the nature of the Covid economy, and now that there’s no one in Washington willing to play gardener, maybe it’s only a matter of time before the weeds overrun the entire patch,” the “Mad Money” host said.
“We have a bizarre situation where some companies are doing very well,” Cramer said, “but a lot of other companies are getting crushed.”

Beirut death toll rises to at least 135 as explosion is blamed on 2,750-ton ammonium nitrate stash

5 years ago

The explosion, which blew out windows and destroyed property for miles around, has been initially blamed on 2,750 tons of ammonium nitrate stored in an unsecured warehouse at Beirut’s cargo port.
But the government subsequently announced an investigation to determine within five days the exact cause of the explosion and “who was responsible.”
The immediate crisis in homelessness, health, overwhelmed medical services and destroyed property and businesses comes on top of an already crippled economy, the coronavirus pandemic and regional tensions.

WHO calls for more ‘systematic, exhaustive investigation’ on clusters in response to Beijing outbreak

5 years ago

Officials in China’s capital city reported a total of 79 confirmed cases of Covid-19 since June 11.
“The answers lie in careful, systematic, exhaustive investigation of disease clusters to really look at what is happening in these situations and what is causing the amplification of the disease in the human context,” said the WHO’s Dr. Mike Ryan.
As many countries around the world grapple with a resurgence of new Covid-19 cases, Dr. Maria Van Kerkhove said, health officials need to be on alert.

Trump signed law slapping sanctions on China for interference in Hong Kong

6 years ago

President Donald Trump said Tuesday that he signed legislation to impose sanctions on China in response to its interference with Hong Kong’s autonomy.
Trump also said in the White House Rose Garden that he signed an executive order ending the preferential treatment that Hong Kong has long enjoyed.
The Trump administration has previously blamed China for the unfolding health crisis caused by the coronavirus, and it has criticized Beijing for its illegal territorial claims in the South China Sea.

The market’s comeback from coronavirus lows caused two Wall Street greats to change their minds

6 years ago

Wall Street’s top traders say a combination of unprecedented monetary and fiscal stimulus appears to have pacified the market.
Stanley Druckenmiller and Paul Tudor Jones both said this week that the S&P 500′s robust rally since March has humbled them.
An unparalleled response from the Fed and Congress has provided businesses with one of the most powerful safety nets ever, says strategist Quincy Krosby.

A ‘financial war’ with China could be brewing on top of the trade war

6 years ago

U.S. regulators have long sought more transparency from Chinese companies with shares trading on U.S. exchanges, but Beijing has resisted.
More than a decade ago, hundreds of Chinese companies went public in the U.S. via reverse mergers, merging into public but mostly dormant U.S. companies, and many turned out to be frauds.
Efforts to solve the problem are getting more traction due to the escalation of trade disputes with China.

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