After a weekend during which COVID-19 cases accelerated, Italy suffers from the largest outbreak outside of Asia, and South Korea's government raised its virus alert to its higher level, fear of a global pandemic dominates the markets.
You would be hard-pressed to find a faster-growing industry today than cybersecurity, particularly as more and more consumer data goes online and into the cloud. And that strong outlook bodes well for cybersecurity specialist Palo Alto Networks.
In a note sent to client on Friday, Bank of America Global Research rates strategist Bruno Braizinha warned, “The coronavirus outbreak contain a significant likelihood of impact to the global economy and the potential to become a black-swan type event.”
Yesterday, I wrote a piece that drew parallels with the situation in 2018 just before the stock market underwent a near twenty percent correction and suggested caution as a result.
The coronavirus is once again front and center for investors today with stocks in Asia closing mostly in the red except for the major Chinese indices on word that the return to work is accelerating in the major foreign trade provides.
The coronavirus is once again front and center for investors today with stocks in Asia closing mostly in the red except for the major Chinese indices on word that the return to work is accelerating in the major foreign trade provides.
The coronavirus is once again front and center for investors today with stocks in Asia closing mostly in the red except for the major Chinese indices on word that the return to work is accelerating in the major foreign trade provides.
Morgan Stanley (MS) is buying E*Trade Financial Corp (ETFC) in an all-stock deal valued at $13 billion. E*Trade shares were halted premarket for the news after rising 25%.