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[CNBC] Coronavirus live updates: New York braces for worst week yet as cases continue to rise [AP] U.S. ‘wasted’ months before preparing for virus pandemic [AP] ‘Complete collapse of economies’ ahead as Africa faces virus [Yahoo/Bloomberg] Gold’s Supply Squeeze Should Ease as Swiss Refineries Reopen [Reuters] Brazil lawmakers pass ‘war budget’ as coronavirus cases top […]
Here’s the news of the week – and how we see it here at McAlvany Wealth Management: The Oil Industry’s Version of Coronavirus While the above photo may seem like a bit of an exaggeration given the significant damage that COVID-19 has wrought on the economy, so much of the problem in the credit markets […]
[Reuters] OPEC+ emergency meeting likely to be postponed to April 8 or 9: OPEC sources [Reuters] Trump aims to ease U.S. oil industry’s cash crunch, no plan to trim output: sources [AP] Saudi Arabia sharply rebukes Russia over oil price collapse [CNBC] Coronavirus live updates: NYC mayor pleads for medical help as US cases continue […]
The past week witnessed 6.6 million new U.S. unemployment claims, pushing the two-week surge to a sickening almost 10 million. The U.S. economy is sliding into the steepest of downturns, with awful consequences for society, economic structure and financial stability. But this week’s CBB will focus more on the global economy. April 2 – Bloomberg […]
[Reuters] Stocks fall as business signals hit from pandemic, oil grinds higher [Yahoo/Bloomberg] Oil Surges as Producers Eye 10 Million Barrel a Day Output Cut [CNBC] US payrolls drop 701,000 in March, the first jobs decline since 2010 [Reuters] Trump to host Big Oil execs at White House to discuss market slump [Reuters] China’s services […]
This week we cover gold and silver supply amid the current equities market crisis. As jobless claims soar what are the real economic impacts for precious metals investors during this volatile period? With more massive government stimulus on the way, we’ll explore the real consequences of these injections and how the U.S. Dollar index will […]
[Reuters] Stocks drift as wary investors expect grim U.S. jobs data [Reuters] Dollar maintains gains after weeks of rallying [CNBC] Oil rallies 10% after Trump says he expects Saudi Arabia-Russia feud to end soon [MarketWatch] Gold extends rise after another surge in jobless claims [CNBC] 10-year Treasury yield falls below 0.6% after unemployment claims surge […]
Dear investors, As we monitor the development of the coronavirus pandemic, we want to reassure you that McAlvany Financial Companies are fully engaged in supporting its employees, clients, and community. In recent weeks, we’ve seen devastation to communities ravaged by this pandemic. The recent market volatility has left investors with considerable uncertainty about the best […]
