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Market Snapshot: Dow flips positive, follows Nasdaq’s more than 2% surge in afternoon trade as Wall Street awaits earnings crush

Major U.S. stock indexes traded higher Monday afternoon, as investors look forward to quarterly results from corporations over the coming days. Investors also focused on positive developments from coronavirus vaccine candidates. How are benchmarks performing? The Dow Jones Industrial Average DJIA, +0.16% rose 22 points, or 0.1%, to 26,694, reversing morning losses. The S&P 500 SPX, +0.78% rose 19 points, or 0.6%, to 3,243. The Nasdaq Composite COMP,…

Video: Top fintech stories this week – 17 July 2020

This website uses cookies, including third party ones, to allow for analysis of how people use our website in order to improve your experience and our services. By continuing to use our website, you agree to the use of such cookies. Click here for more information on our Cookie Policy and Privacy Policy. Published at Sun, 19 Jul 2020 14:29:26 +0000-Video: Top fintech stories this week – 17 July 2020

Brett Arends’s ROI: The hidden risk in your S&P 500 index fund

How much of your retirement savings are you now gambling on the fortunes of just six companies? If you’re holding them in an S&P 500 SPX, +0.28% stock market index fund, the answer is: About a quarter. That’s how much the so-called “FANMAGs”—Facebook FB, +0.45%, Apple AAPL, -0.20%, Netflix NFLX, -6.52%, Microsoft MSFT, -0.51%, Amazon AMZN, -1.26% and Google (“Alphabet”)…

Outside the Box: Why early retirement IS all it’s cracked up to be

Sometimes, the stuff that people say about early retirement (and early retirees) is terrible. It is assumed that early retirement is the end of productive life and that unless we’re swimming in millions in cold hard cash, early retirement will eat us alive. Today, it is my distinct honor and pleasure to debunk five of the most common of these myths, which also happen to be the ones that I hear most often. As I said in my one-year early retirement performance review, early retirement is all that it’s cracked up…

COVID-19 analytics: the lesson for those involved in policy management

Contemporary government policy interventions are increasingly defined by data, indicators, and metrics. Furthermore, data-driven ‘radical incrementalism’ methodologies devised by the now independent UK government Behavioural Insights Team (BIT) have been successfully used worldwide. BIT’s usual process is to create several policy variants, test them, and then selecting the best option. This is a luxury that we can’t afford in a crisis like the COVID-19 pandemic. Yet what we can do is compare the progress and outcomes of…

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 epidemic has come back with a vengeance and sidetracked a fragile U.S. economic recovery. There’s no doubt the economic rebound has lost steam in July. The big question is just how much. The answer probably won’t be available for a few more weeks through the normal channels of government and other long-standing economic reports that come out monthly. Yet an array of new-fangled indicators from off-the-beaten track private sector sources such…

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…

The tyranny of the behemoth technology stocks, which has supported the overall U.S. equities market since March, took a breaker this week. For months the most highly valued, technology and e-commerce companies have marshaled a nearly unceasing rally during a public-health crisis that has exacted tremendous pain on the domestic and global economy. However, the conclusion of last week’s trade on Friday highlighted some softness in the uptrend for megacapitalization tech names, raising questions about whether a…

Mark Hulbert: S&P 500 stocks post their biggest gains when company earnings make this move

With earnings season getting into full swing, it’s important to remember that less is often more. That’s because the S&P 500 SPX, +0.28% historically has turned in its best returns during quarters in which its earnings per share were lower than in the year-earlier period. In quarters in which earnings were much higher, in contrast, the S&P 500 has performed far less well. So be careful what you wish for as companies provide earnings guidance. There’s a good chance that the S&P 500…

OCBC Bank connects to Singapore Government’s identity platform

OCBC Bank has become the first lender in Singapore to grant users access via the country’s SingPass government identity platform. OCBC aims to boost digital banking numbers through SingPass SingPass is a Singaporean identification method and online account management system. It allows Singapore citizens to gain access to a variety of e-services using a single login. The platform involves over 60 government agencies, and more than 1.6 million Singapore residents use the platform’s mobile app. “Inclusion and accessibility have…