EMerchants

News updates for european merchants

Market Extra: Is the ‘great rotation’ in the stock market under way as coronavirus cases surge? Or is it a false dawn? Here’s what experts think

The conclusion of last week’s trade on Friday highlighted some softness in the uptrend for megacapitalization tech names, raising questions about whether a rotation from out of those highflying leaders and into less-loved, economically sensitive sectors, like manufacturers, energy companies, financials and industrials, is afoot.

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Market Extra: Is the ‘great rotation’ in the stock market under way as coronavirus cases surge? Or is it a false dawn? Here’s what experts think

The conclusion of last week’s trade on Friday highlighted some softness in the uptrend for megacapitalization tech names, raising questions about whether a rotation from out of those highflying leaders and into less-loved, economically sensitive sectors, like manufacturers, energy companies, financials and industrials, is afoot.

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Earnings Watch: Tesla’s prayer for profit, earnings tests for Intel and Microsoft highlight first big week of coronavirus-tainted earnings

What’s likely to be the worst earnings reporting season since the depths of the 2008 financial crisis is already living up to those expectations, but a number of big names will look to offer some better news in the week ahead.

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Economic Preview: Get used to an up and down recovery: Economy sags as coronavirus cases surge

Just when it seemed safe to get out and about, the coronavirus has come back with a vengeance and sidetracked a fragile U.S. economic recovery.

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Economic Preview: Get used to an up and down recovery: Economy sags as coronavirus cases surge

Just when it seemed safe to get out and about, the coronavirus has come back with a vengeance and sidetracked a fragile U.S. economic recovery.

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Associated Press: No end in sight, Congress confronts new virus crisis rescue

It stands as the biggest economic rescue in U.S. history, the $2.2 trillion coronavirus relief bill swiftly approved by Congress in the spring. And it’s painfully clear now, as the pandemic worsens, it was only the start.

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