The dollar slid to a three-month low and a gauge of global equities edged lower on Wednesday as investors awaited news at the end of a two-day meeting of the Federal Reserve and its plans to strengthen a nascent U.S. economic recovery.
Why do stocks get suspended and how does this affect investors? In fact, the U.S. Securities and Exchange Commission (SEC) can decide to halt trading for a company’s stock due to a variety of issues and concerns.
Below, you’ll learn more about the SEC and the process behind its ability to intervene in the market. Moreover, there are a few famous examples of these suspensions in the recent past.
Why Do Stocks Get Suspended and for How Long?
Suspended trading can occur for many different reasons. Thus, it’s important to understand where this all began.
So, why do stocks get suspended? This is possible …read more […]
European food ordering firm Just Eat Takeaway.com NV said on Wednesday it was in advanced talks to buy Grubhub Inc in an all-stock deal.
American Airlines Chief Executive Doug Parker said on Wednesday that he expects a daily cash burn of about $40 million in June, down from a previous forecast of $50 million per day, thanks to cost-savings measures to address the coronavirus pandemic.
(Bloomberg) — The coronavirus has wreaked havoc on commercial aviation, but Alexey Isaykin’s cargo carrier has been fully loaded.Volga-Dnepr Group has flown more than 3,000 breeding pigs to China from France this year. The animals — transported 6,450 miles (10,400 kilometers) in wooden crates in the hold of a Boeing 747 cargo plane — are being used to restore local livestock levels to help mitigate shortages in the world’s largest pork market after an outbreak of African swine fever decimated China’s hog herds.Measures to stem the spread of the coronavirus amplified those swine shortages and accelerated attempts to boost the …read more […]
Yahoo Finance’s Brian Sozzi, Alexis Christoforous, and Ines Ferre discuss the latest news on coronavirus testing. …read more […]
The S&P 500 and Dow eased on Wednesday, as losses in financial stocks outweighed a boost from technology, with focus shifting to the Federal Reserve’s first projections on the economy since the coronavirus outbreak.
Ford Motor Co and Volkswagen AG said on Wednesday they would make up to 8 million units of medium pickup trucks and commercial vans over the lifecycle of the vehicles as part of an alliance announced last year.
Goldman Sachs Group Inc said on Wednesday it had launched a $10 million fund to support the work of organizations addressing racial injustice, structural inequity and economic disparity.
Simon Property Group Inc , the biggest U.S. mall operator, said on Wednesday it would terminate its $3.6 billion deal to buy Taubman Centers Inc due to the damage done by the coronavirus pandemic to its rival’s business.
Kathy Jones, Schwab’s Chief Fixed Income Strategist, joins Yahoo Finance’s The First Trade to discuss investor trends, market outlook and what we can expect from the FOMC meeting. …read more […]
Goldman Sachs Group Inc commodities unit generated more than $1 billion in revenue this year through May as traders positioned their bets for the collapse in oil prices, a source familiar with the group’s finances said on Wednesday.
Jack Dorsey, the chief executive of Square Inc and Twitter Inc, said June 19, popularly known as ‘Juneteenth’, would be a permanent company-wide holiday in the United States to show support for racial diversity.
Starbucks Corp said on Wednesday it expects current-quarter operating income to plunge by up to $2.2 billion, and sales to decline for the rest of the year even as nearly all its cafes have reopened following easing of coronavirus lockdowns.
Tesla Inc Chief Executive Elon Musk has told his staff it was time to bring the Tesla Semi commercial truck to “volume production,” a message that coincides with a surge in the share price of rival clean truck maker Nikola Corp .
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