Author Archives: Mike Valles

The Oil Wars Have Begun

After a deal between Russia and OPEC could not be reached, oil prices were sent to levels it has not seen since 2016. Russia was hoping to broker a deal with Saudi Arabia in which overall oil production would be reduced. The major oil-producing company refused to cut production. In fact, they did the opposite – announcing that they would ...

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The Fed Rate Change and Market Picture

The markets today have been positively influenced by many recent events. Still, there seems to be a dark shadow looming over the economies of the world. Although the stock market has seen an increase so far today, very few doubt that a major recession is on the way. The Fed Lowers Interest Rates Yesterday, the Fed lowered its rates by ...

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Stocks Seen to Be Recovering – with Some Good News

On Monday, the stock market showed massive improvement since it bottomed out last Friday. This occurred not only in the United States but also in various stock markets around the world. Positive news, along with some action from governments, has unleashed an upward movement of 1,294 points on the Dow Jones. Since then, the market has edged up in fits ...

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What Investments to Make While Coronavirus Spreads

In the past few days, the stock market has taken quite a loss. This may have you wondering if you should be investing in stock at all or what kind of stock you might buy in light of the current stock market losses. Remember that while some sectors may experience losses, such as oil and transportation, other markets will thrive. ...

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Stock Markets Hit Record High as China Seeks to Reboot Business

The major stock markets hit new highs by the end of the trading day on Wednesday. News that the number of new infections of coronavirus was down for the second day in a row seems to have lifted the cloud hanging over many investors. China has also announced that it is seeking to get more businesses open and operating. More ...

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The Oil Market Slowdown

China reported earlier today that there was a decrease in the daily number of deaths from coronavirus. While this is certainly good news, there is no way of knowing whether the trend will continue. Many markets have been affected, and the oil market continues to suffer from it. Oil Prices Slip At 2:00 pm, oil is showing a slight dip ...

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The Impact of New Coronavirus Numbers on the Market

As coronavirus shows its ability to spread beyond every attempt to contain it, it continues to affect the economy around the world. China has begun to allow some companies to open for business, which is apt to help manufacturing. Despite this positive movement, it is beginning to appear that the slowdown on manufacturing is going to last longer than expected. ...

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Coronavirus Affects Apple’s Manufacturing – May Lower Stock

Foxconn is one of the major producers of goods for Apple through the Hon Hai Precision Industry Co. The largest manufacturing plant of iPhones is in Zhengzhou. Since the coronavirus struck China and many cities quarantined, the factories that make goods for Apple have been closed. News has been contradictory from China as to when the plants will reopen. At ...

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The IMF Reveals a Better Global Economy for 2020

The International Monetary Fund (IMF) announced this week that they expected the economy to experience a rebound in 2020. While economic news last year had not been good, the IMF expects it to be better this year, says the Wall Street Journal. Last year had seen a drop in the volume of trade on a worldwide scale. The primary cause ...

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Protecting Employee Data from Hackers – and Why You Need It

Companies are learning the hard way that consumers do not appreciate personal data or financial information being stolen by hackers. While consumer data protection seems to be the focus now, there is a lack of HR professionals seeing the need to protect employee data. More than 40 percent of companies are not training their HR personnel to safeguard this data, ...

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