Month: March 2020

Jeremy Siegel David Orrell | CNBC Wharton School finance professor Jeremy Siegel said Monday the U.S. could suffer a near-term recession because of the negative economic impact from the fast-spreading coronavirus. “We could really have a short, quick recession,” Siegel said on CNBC’s “Squawk Box.” “There’s a lot of uncertainties.” The confirmed cases of coronavirus infections in
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Many investors have been whipsawed by the market’s sharp downturn, but billionaire investor Leon Cooperman thinks reinstating an old trading rule could help protect them: The uptick rule. The uptick rule was a rule from the Securities and Exchange Commission that prevented short sellers from putting more pressure on a security that was already languishing.
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Federal Reserve Chair Jerome Powell holds a news conference following the Federal Open Market Committee meeting in Washington, December 11, 2019. Joshua Roberts | Reuters The Federal Reserve is likely to join other global central banks in cutting interest rates aggressively in response to the coronavirus scare, Goldman Sachs economists said Sunday. With fears over
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People wearing face masks walk on the promenade of the Bund along the Huangpu River in Shanghai on February 28, 2020. Hector Retamal | AFP | Getty Images 8:30 am: Australia, Thailand and U.S. report first virus-related deaths over weekend  Australia, Thailand and the U.S. all reported their first deaths from the coronavirus over the weekend
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World Health Organization (WHO) Director-General Tedros Adhanom Ghebreyesus gestures during a press briefing on evolution of new coronavirus epidemic on January 29, 2020 in Geneva. Fabrice Coffrini | AFP | Getty Images Market panic over the fast-spreading new coronavirus is uncalled for, the World Health Organization’s director-general said Sunday as governments around the world rush
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