
Month: June 2020


Target raises minimum wage to $15 an hour for store, distribution and headquarter employees
With the job market kicking back into gear after the worst of the COVID-19 pandemic, Target looks to attract new workers to meet demand. …read more […]

German Fin Min Scholz sees no danger of Lufthansa rescue deal collapse
German Finance Minister Olaf Scholz said on Wednesday a bailout deal for airline Lufthansa was a good, balanced solution which he hoped shareholders would approve, adding he did not think the agreement was in danger of collapse.

U.S. FAA chief to testify at hearing on jet certification after 737 MAX crashes
The head of the Federal Aviation Administration is set to testify on Wednesday before a Senate committee on the safety certification of jetliners like Boeing Co’s 737 MAX, still grounded after fatal crashes. The Senate Commerce committee hearing at 10 a.m. EDT (1400 GMT) gives lawmakers a chance to question FAA Administrator Steve Dickson about bipartisan legislation introduced Tuesday that would grant the FAA more power over Boeing’s aircraft designs. …read more […]

New U.S. Huawei rule targets standards, security concerns remain: Ross
A new U.S. rule regarding China’s Huawei Technologies Co Ltd is a needed “clarification” to help develop standards, U.S. Commerce Secretary Wilbur Ross said on Wednesday, adding that security concerns remain over the telecoms equipment maker.

Southwest Airlines says has enough cash for two years as demand improves
Southwest Airlines said on Wednesday it has enough cash to carry on business for the next two years, up from its prior forecast of 20 months, as travel demand gradually picks up.

Special delivery: activists urge France to rein in Amazon
Environmental campaigners delivered a 12-foot (3.6-metre) tall mock-up of an Amazon parcel to the French finance ministry on Wednesday to demand that the government rein in the e-commerce giant’s expansion in France.

Wall Street rally wins more fans as economy hints at recovery
Record upside surprises in U.S. economic data are bolstering the case for a “V” shaped recovery from the COVID-19 recession and boosting investor confidence in a stock rally that has already delivered hefty gains in recent months.

Coronavirus turmoil fuels the rise of AI-powered companies
For the past seven years, a Munich-based firm called riskmethods has tried to interest companies in buying software that allows them to track all their suppliers in a way that minimizes risks in operating globally spread supply chains.

U.S. commerce chief: Huawei rule is a ‘clarification’ – Fox Business Network
A new U.S. rule regarding China’s Huawei Technologies Co Ltd is a needed “clarification” to help develop standards, U.S. Commerce Secretary Wilbur Ross said on Wednesday, adding that security concerns remain over the telecoms equipment maker.

Futures inch higher on hopes of quick economic revival
U.S. stock index futures rose on Wednesday as signs of more official stimulus supported hopes of an economic recovery from a coronavirus-led slump, even as six U.S. states saw a record rise in new COVID-19 cases.


How Investors Can Fake It ‘Til They Make It
Something’s gone wrong on the farm.
We came home the other night to a horrendous noise. It was back behind one of the barns.
And if you bear with us for just a second as we tell you of this sordid affair… we’ll reveal what it all has to do with the stock market and a tremendous new way to invest.
But first… peacock sex.
Oh, the sounds.
We’ve heard it before. The farm has had many visitors over the years. It’s as if a band of clowns were playing kazoos while high on helium.
And yet… we marched toward it.
As we shoved our flashlight around …read more […]

Lufthansa warns its $10 billion bailout deal is in jeopardy
German airline Lufthansa warned on Wednesday that it might need to apply for protection from creditors if its state-backed bailout deal failed to win sufficient support at a shareholder vote on June 25.

Main Street’s boldest take on Wall Street in bankruptcy stock frenzy
When Bryan Quevedo received his U.S. government stimulus check last month, he invested $1,000 in the stock of bankrupt car rental company Hertz Global Holdings Inc .