“Made in China” Economic Hit Coming Right Up | Money Maven
Apple, Starbucks and Ikea have temporarily closed stores in China. Shopping malls are deserted, threatening sales of Nike sneakers, Under Armour clothing and McDonald’s hamburgers. Factories making cars for General Motors and Toyota are delaying production as they wait for workers to return from the Lunar New Year holiday, which has been extended by the government to halt the spread of the virus.
Will Retiring Baby Boomers Crash the Stock Market? | A Wealth of Common Sense
As the baby boomer generation hits retirement age in large numbers this decade, there are a number of potential ramifications. One of the loudest warnings I’ve been hearing for a number of years now is how boomers will destroy the markets as they sell out to fund their retirement.
Assessing Climate-Change Risk by Stress Testing for Financial Resilience | IMF Blog
As society braces for the potential havoc a changing climate could induce, it’s vital to gauge the range of shocks that the economy may soon endure. One way to quantify the effects of the potentially systemic shocks that could ripple through the financial system is to administer “stress tests”—a well-designed analytical process that has, for decades, been used by the IMF, World Bank and financial supervisors for detailed scenario planning to prevent future financial crises.
3 ETFs in Focus After UK’s Departure From the EU | Investopedia
After nearly four years since the British people voted in a referendum to leave the European Union (EU), Brexit finally became official on Friday, Jan. 31. Now that Britain has closed the door on its near half-century of EU membership, what happens next?
Spotify Will Acquire Bill Simmons’ The Ringer | Forbes
Spotify announced Wednesday it will acquire Bill Simmons’ The Ringer, a sports website and podcast network with more than 36 shows. It is the Swedish company’s first big acquisition of the year since its $400 million spree in 2019 on podcasting companies. Terms of the deal were not announced.
GBP/ZAR Exchange Rate Rallies as Risk-On Trade Begins to Fade | FCF
The Pound South African Rand (GBP/ZAR) exchange rate is trending higher this morning as fading risk appetite and Eskom’s woes weigh on ZAR sentiment. At the time of writing the GBP/ZAR exchange rate is currently trading at around ZAR19.2585, up around 0.5% from this morning’s opening levels.
JSE Stocks Rally As Virus Concerns Subside | Fin24
Local stocks rallied on Tuesday on the back of strong upward momentum across most global markets. Fears over the spread of the Wuhan coronavirus took a backseat in Tuesday’s session as investors found their risk appetite.