In the face of the spreading coronavirus, the Federal Reserve announced the first emergency rate cut since the financial crisis and collapse of Lehman Brothers – this time by a sizeable half-percentage point. Now, says James Norrington, investors must weigh up the benefits of stimulus with the unknown impact of Covid-19.
An emotional EGM has seen Sirius Minerals shareholders support Anglo American's takeover, despite anger over the price of the deal. But if the vote had failed, Sirius shareholders would have likely lost everything. So, with a defeat for thousands of retail investors but administration of the company avoided, what now? Alex Hamer reports.
Finally, today we introduce the new face of the weekly Trader column. Regular IC contributor and full-time trader Michael Taylor takes the helm. To kick the column off, he thought it best to start with a stock everyone knows. Click here to find out which company he is talking about and which well-known fund manager has decided to take an opening position in the stock.