Year: 2020

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Business News

Hand-holding in the pandemic: Wealth managers grapple with new reality

April 16, 2020 admin Comments Off on Hand-holding in the pandemic: Wealth managers grapple with new reality

During the early days of March, Jill Fopiano was having trouble sleeping, waking up at 3 o’clock in the morning, maybe 4 o’clock. She’d been watching news of a virus in China, first out the corner of her eye – was this like swine flu? – then more squarely, as headlines rushed in about outbreaks on the west coast of America. Fopiano wondered, in the darkness, if she should shut down her office in Boston’s upscale Back Bay neighborhood.

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Fed’s Bostic: Small business may need up to $500 bln monthly in support through crisis

April 16, 2020 admin Comments Off on Fed’s Bostic: Small business may need up to $500 bln monthly in support through crisis

U.S. small businesses may need as much as $500 billion a month to fully ensure their survival through the widespread closures and disruptions slamming their revenue during the coronavirus crisis, Atlanta Federal Reserve bank President Raphael Bostic said Thursday.

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Trading Ideas

Nokia shares surge on report of takeover bid

April 16, 2020 admin Comments Off on Nokia shares surge on report of takeover bid

“Nokia does not comment on market rumours,” said a spokesman for the company. Earlier on Thursday shares in Nokia surged 12.5%, with traders pointing to a report by online newspaper TMT Finance that said the group was working to defend itself from a hostile takeover bid for parts or all of its business. The TMT Finance report said Nokia had hired Citi, a regular investment banking partner of the Finnish firm, for the deal which could be worth $17.4 billion. …read more […]

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Nokia declines to comment on media report of hostile takeover bid

April 16, 2020 admin Comments Off on Nokia declines to comment on media report of hostile takeover bid

“Nokia does not comment on market rumours,” said a Nokia spokesman. Earlier on Thursday shares in Nokia surged 12.5% with traders pointing to a report by online newspaper TMT Finance that said Nokia was working to defend itself from a hostile takeover bid for parts of its business or the whole company. …read more […]

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Business News

Fed’s Bostic: Small business may need up to $500 billion monthly in support through crisis

April 16, 2020 admin Comments Off on Fed’s Bostic: Small business may need up to $500 billion monthly in support through crisis

U.S. small businesses may need as much as $500 billion a month to fully ensure their survival through the widespread closures and disruptions slamming their revenue during the coronavirus crisis, Atlanta Fed President Raphael Bostic said Thursday.

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3 Compelling Penny Stocks With at Least 50% Upside Potential

April 16, 2020 admin Comments Off on 3 Compelling Penny Stocks With at Least 50% Upside Potential

Dark clouds are looming over Wall Street, and the storm only appears to be intensifying. The market was dealt another blow on Wednesday April 15, with all three of the major U.S. stock indexes sliding on grim economic data and disappointing earnings reports from banks.According to a Commerce Department report, March saw retail sales fall sharply, 8.7% to be exact. This marked the largest one-month drop since 1992, when the department began tracking the metric. Manufacturing in the New York area also declined by its largest margin ever, reaching a historic low to exceed levels witnessed during the Great Depression. …read more […]