Businesses are sitting on record cash amid lingering uncertainty over disruptions from Covid-19, which earlier this year defied expectations that a easing pandemic would unleash a spending wave. According to data from S&P Global extrapolated from second-quarter earnings reports, cash and short-term investments on corporate balance sheets worldwide are at an all-time high of $6.84 … Read more
For Bank of America global investment strategist Michael Hartnett, there have been three distinct phases to describe market action over the past eight months. The first is what he calls the reopening meeting, which began on November 3 due to both the US election and the vaccine effectiveness reports. This boosted equities and credit, steepened … Read more
Oil pipelines stand near the King Abdulaziz Center for World Culture, developed by Saudi Aramco, in Dhahran, Saudi Arabia, on Sunday, December 8, 2019. Photo by Tasneem Alsultan/Bloomberg Font size Here’s what you need to know to navigate the markets today. • US stocks open slightly lower on Monday. On Sunday evening, the Dow Jones … Read more