Business News
Neiman Marcus’s attempt to manage crushing debt undone by COVID-19
On March 17, about a week after the World Health Organization declared COVID-19 a pandemic, Neiman Marcus Group had no choice but to close its 67 stores.
Year: 2020
Business News
Government aid for Brazil’s airlines shrinks, while Panama’s Copa shrugs off bailout
Stress has been mounting for Latin American airlines as carriers brace for a slow recovery from the coronavirus pandemic, but Brazil’s government on Thursday reduced the loan aid available for carriers, while Panama’s Copa Airlines said it did not need a bailout.
Business News
Uber sees rides recovering from coronavirus lows, banks on food-delivery momentum
Uber Technologies Inc’s ride service bookings slowly recovered in recent weeks as the company expects a coronavirus-related slowdown will delay the goal of becoming profitable by a matter of quarters, not years, Chief Executive Dara Khosrowshahi said on Thursday.
Business News
The great potato giveaway: U.S. farmers hand out spuds to avoid food waste
When Tina Yates pulled her truck up to a mall in western Washington state on Thursday, workers waved her past hundreds of cars waiting to pick up free russet potatoes.
Trading Ideas
Your Best Ally on Wall Street Is Looking to Bank Stocks
As the financial crisis unfolded in 2008 and Wall Street collapsed, Steve Eisman loved every minute of it. Eisman was one of the main characters portrayed in the Michael Lewis book The Big Short.
The book (and the Oscar-nominated movie) focused on the handful of brilliant investors who scored windfall profits by betting against Wall Street before the housing bubble burst.
Eisman is and always has been a maverick. For decades, he considered himself an outsider because he found how most of Wall Street operated to be distasteful. He is a man obsessed with honesty and integrity in a world where people …read more […]
Trading Ideas
Two Gold Tycoons Are Loading Up on This $2.30 Stock
Oftentimes, when a company issues stock, its share price plunges…
This is usually a sign of weakness – a company that needs capital to continue operations. And that money does not come cheap.
In fact, for small caps and microcaps, that money might come at a 15% to 40% discount to the market price. And the shares should soon follow lower. After all, if the company is willing to take a haircut, why should you as a shareholder be willing to hang on at higher prices?
If you’re in the right situation – in the right company – a capital raise might be …read more […]
Trading Ideas
Take Control Of Your Personal Finances – How To Be Financially Free
The post Take Control Of Your Personal Finances – How To Be Financially Free appeared first on Investment U. …read more […]
Trading Ideas
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Business News
Ford plans to restart North America production from May 18
U.S. automaker Ford Motor Co said on Thursday it is planning to restart production and operations in North America in a phased manner, starting May 18.
Business News
Macy’s delays first-quarter results to July 1, citing COVID-19 disruption
Department store chain Macy’s Inc on Thursday delayed its first-quarter earnings report to July 1, citing significant business disruption due to the COVID-19 pandemic, which has also led to delay in financial statement preparation.
Business News
Uber sees ride business up from coronavirus lows in some U.S. markets
Uber Technologies Inc ride service bookings rose last week and the company expects a coronavirus-related slowdown will delay the goal of becoming profitable by a matter of quarters, not years, Chief Executive Dara Khosrowshahi said on Thursday.
Trading Ideas
Dropbox Posts First Net Income on Rising Cloud-Software Demand
(Bloomberg) — Dropbox Inc. reported its first-ever net income, in a quarter when demand for cloud software was bolstered by a shift to working from home.Earnings in the first quarter were $39.3 million, or 9 cents a share, the San Francisco-based company said in a statement on Thursday. Sales rose 18% to $455 million. Analysts on average had projected a net loss of 3 cents and revenue of $452.2 million. Dropbox has exceeded analysts’ estimates for sales and profit every quarter since going public in March 2018, according to data compiled by Bloomberg.The milestone caps years of work by Dropbox …read more […]
Business News
World stocks climb on China trade relief, while U.S. jobs data dents dollar
World shares rose on Thursday after China’s exports came in far stronger than expected, suggesting an economic recovery was under way, but the dollar fell from two-week highs as U.S. data showed millions more Americans joined the ranks of the unemployed.
Business News
Wall Street gets PayPal lift as Nasdaq wipes out 2020 declines
Wall Street’s indexes climbed on Thursday, with the Nasdaq erasing losses for 2020, following a clutch of upbeat earnings reports led by PayPal as investors looked past more weak jobs data caused by the coronavirus-induced economic downturn.