M. Silver and Associates-Your Florida Insurance Agents

         Newsroom-Top Stories 

 

Insurance News

 Business News

 Personal Finance News

 Company News


INSURANCE NEWS . . . NOW!






Click on this link for expanded Insurance News!


THE LATEST BUSINESS NEWS DELIVERED TO YOU


Yahoo - Business
Feb 21, 2020 07:54AM

https://www.yahoo.com/news/business

Feb 21, 2020 07:47AM

U.S. Stocks Fall, Gold Rallies on Bid for Safety: Markets Wrap

U.S. Stocks Fall, Gold Rallies on Bid for Safety: Markets Wrap(Bloomberg) -- U.S. stocks sank, gold surged and Treasury yields fell as investors took a defensive stance amid renewed concern about the economic impact of the coronavirus as it spreads outside of China.Chipmakers led losses as the S&P 500 Index headed for its first weekly decline since January after equities in Korea and Hong Kong dropped more than 1% on Friday. The Stoxx Europe 600 Index slumped, with automakers among the worst performers. The yield on 30-year Treasuries headed to a record low as manufacturing data in Australia and Japan added to worries about slower growth.Investors were put on alert this week by a spike in infections outside China and a slew of fresh warnings by companies over the potential impact on business. Those reignited appetite for haven assets and reversed stock gains that had sent the S&P 500 Index to a record high on Wednesday.?It may be a much longer road,? Dan Farley, chief investment officer of the investment solutions group at State Street Global Advisors, told Bloomberg TV in Sydney. ?We have to be very mindful that this is not an easily solvable issue and the impact on consumer demand for a number of different sectors is going to be something that we need to be watching out for.?Elsewhere, crude oil fell after hitting the highest in almost four weeks. The yen edged higher, recouping some if its biggest two-day decline since 2017. The dollar was little changed following a four-day winning streak. The euro strengthened after data showed economic activity in the common-currency area sped up unexpectedly.Here are some key events coming up:Group of 20 finance ministers and central bank chiefs are due to meet Feb. 22-23 in Riyadh, Saudi Arabia, and are expected to discuss efforts to support growth amid the coronavirus threat.These are the main moves in markets:StocksThe S&P 500 Index dropped 0.9% at 9:46 a.m. New York time.The Stoxx Europe 600 Index fell 0.3%.The MSCI Asia Pacific Index fell 0.6%.CurrenciesThe Bloomberg Dollar Spot Index was little changed.The euro edged up 0.2% to $1.0808.The British pound advanced 0.4% to $1.2934.The Japanese yen strengthened 0.2% to 111.93 per dollar.BondsThe yield on 10-year Treasuries declined three basis points to 1.49%.Germany?s 10-year yield rose one basis point to -0.44%.Britain?s 10-year yield was little changed at 0.58%.CommoditiesWest Texas Intermediate crude sank 1.5% to $52.96 a barrel.Gold strengthened 1.3% to $1,640.21 an ounce.\--With assistance from Michael G. Wilson and Robert Brand.To contact the reporters on this story: Constantine Courcoulas in Athens at ccourcoulas1@bloomberg.net;Brendan Walsh in Austin at bwalsh8@bloomberg.netTo contact the editors responsible for this story: Christopher Anstey at canstey@bloomberg.net, Brendan Walsh, Todd WhiteFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.2020 Bloomberg L.P.


Feb 21, 2020 07:45AM

China's Construction Industry Databook Forecast 2023 with Coverage of 40+ Market Segments in Residential, Commercial, Industrial, Institutional and Infrastructure Construction

China's Construction Industry Databook Forecast 2023 with Coverage of 40+ Market Segments in Residential, Commercial, Industrial, Institutional and Infrastructure ConstructionThe "China Construction Industry Databook Series - Market Size & Forecast (2014 - 2023) by Value and Volume across 40+ Market Segments in Residential, Commercial, Industrial, Institutional and Infrastructure Construction, - Updated in Q3, 2019" report has been added to ResearchAndMarkets.com's offering.


Feb 21, 2020 07:43AM

Daimler Braces for Higher Mercedes-Benz Diesel Costs in Germany

Daimler Braces for Higher Mercedes-Benz Diesel Costs in Germany(Bloomberg) -- Daimler AG warned of a further crackdown on Mercedes-Benz diesel vehicles in Germany and boosted provisions for legal and regulatory costs that already crimped profit last year.The country?s motor industry watchdog, KBA, is likely to rule that other vehicles made by the luxury brand were also ?equipped with impermissible defeat devices,? Daimler said Friday in its annual report, referring to banned software designed to bypass emissions tests.Daimler has temporarily halted delivery and registration of some models, according to the report. It boosted total provisions to 30.7 billion euros ($33.2 billion) from 23 billion euros, with potential liability and regulatory costs more than doubling to 4.9 billion euros. The shares fell as much as 2.3% in Frankfurt trading.The German manufacturer also said complying with stricter emissions rules in some countries will be difficult.The carmaker?s move indicates trouble ahead for its diesel cars. Daimler took a massive earnings hit in 2019 and slashed its payout to investors to the lowest level since the financial crisis, blaming an 870 million euro fine by German prosecutors and costs related to reducing diesel-car emissions. The penalty coincided with record spending to boost its electric-car lineup and expand software operations. Daimler is also putting aside 2 billion euros for restructuring costs.Facing PenaltiesChief Executive Officer Ola Kallenius has acknowledged in recent months that meeting Europe?s tougher emission targets will be a challenge in the next two years because consumers may not move away from choosing combustion engines fast enough.Under the bloc?s rules, carmakers face penalties if the average of the total passenger vehicles they sell exceeds a level of CO2 emissions. Mercedes-Benz, which makes large-cylinder gas and diesel guzzlers in addition to battery-run models, plans to make use of so-called super credit incentives on electric and plug-in hybrid models to lower its average.Daimler?s supervisory board has created a six-member special committee to focus on legal affairs ?against the backdrop of the complexity of the emissions- and antitrust related proceedings,? it said in the report.CoronavirusThe automaker could face a total of more than 1.5 billion euros in fines in 2020 and 2021 for missing European CO2 limits, according to BloombergNEF estimates. To avoid such penalties, electric vehicles sales must account for about 10% of total deliveries in the region by 2021, compared with about 2.8% last year.The company?s average fleet emission in Europe was 137 grams in 2019, well above the 95 grams per kilometer stipulated by the rules that start taking effect this year and gradually get tougher by the end of 2021.Daimler also flagged potential economic disruption from the outbreak of the coronavirus in its largest market, China. Risks ?may not only affect the development of unit sales, but may also lead to significant adverse effects on production, the procurement market and the supply chain,? Daimler said in the report. Last week, CEO Kallenius said it was too early to quantify the financial fallout.(Adds detail on higher provisions in third paragraph)To contact the reporters on this story: Christoph Rauwald in Frankfurt at crauwald@bloomberg.net;Karin Matussek in Berlin at kmatussek@bloomberg.netTo contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net, Tara Patel, Anne PollakFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.2020 Bloomberg L.P.


Feb 21, 2020 07:43AM

Take Five: "Our currency, your problem" - all over again

Take Five: "Our currency, your problem" - all over againThe U.S. currency has rocketed to a near three-year high versus the euro , a 10-month high against the yen and an 11-year peak versus the Aussie. The United States has the highest bond yields among developed nations and its companies keep beating earnings forecasts. President Donald Trump has been oddly silent on the subject but it's probably a matter of time before he accuses rivals of devaluing their currencies to aid exports.


Feb 21, 2020 07:43AM

Take Five: "Our currency, your problem" - all over again

Take Five: "Our currency, your problem" - all over againThe U.S. currency has rocketed to a near three-year high versus the euro , a 10-month high against the yen and an 11-year peak versus the Aussie. The United States has the highest bond yields among developed nations and its companies keep beating earnings forecasts. President Donald Trump has been oddly silent on the subject but it's probably a matter of time before he accuses rivals of devaluing their currencies to aid exports.


Copyright (c) 2020 Yahoo! Inc. All rights reserved



Google News: Business
Fri, 21 Feb 2020 14:55:54 GMT

https://news.google.com/?topic=b&hl=en-US&gl=US&ceid=US:en

2020 Google Inc.

 


Click on this link for expanded Business News
!

PERSONAL FINANCE NEWS THAT YOU CAN USE

 

Forbes: Personal Finance
[FEED NOT AVAILABLE]


Click on this link for expanded Personal Finance News!

 

Home   |   About Us   |   Contact Us   |   Site Map   |   Privacy Policy   |   Security Notice

Use of this site signifies your acceptance of the Terms of Use.
Copyright  2006-  M. Silver and Associates, Inc.    All Rights Reserved.
All trademarks, icons, and logos, shown or mentioned at this web site, are the property of their respective owners.
Website design and SEO services by Merle Silver.