Year: 2020

(Bloomberg) — President Donald Trump pressed for a deal on another round of pandemic aid to jolt the U.S. economic recovery, saying the country “wants and needs” fiscal stimulus.With Trump receiving treatment at Walter Reed military hospital outside Washington after testing positive for the coronavirus, his tweet on Saturday departed from his health to focus on weeks of partisan deadlock over another stimulus bill.U.S. House Speaker Nancy Pelosi said Friday that negotiations with the White House will press ahead and Trump’s Covid-19 diagnosis might change the tenor of the talks by underscoring the seriousness of the pandemic.The two sides remain …read more […]

With President Trump hospitalized with the coronavirus, Dow Jones futures and the stock market rally are likely to take their cue from his condition. Here’s your investing prescription …read more […]

* Benzinga has examined the prospects for many investor favorite stocks over the last week. * Cults stocks were well-represented among the bullish calls this past week. * Bearish calls included a FANG stock and the electric vehicle leader.President Donald Trump continued to dominate the headlines as the fourth quarter kicked off, from his tax returns and controversial Supreme Court nominee to the contentious first presidential debate and his COVID-19 diagnosis.Despite continued volatility, the main U.S. indexes ended the week marginally higher, led by a 2% gain in the Dow Jones industrials, even though the week also …read more […]

The following is excerpted from an article that originally appeared on CapitalWatch Most of us know the story of Luckin Coffee (Pink: LKNCY). In a nutshell, the company was supposed to be the “Starbucks of China” giving the American coffee giant a run for its money on the Mainland. The Beijing-based company launched in 2017 and quickly grew its stores and pick-up locations to rival Starbucks Corporation (NASDAQ: SBUX) in China. The stock exploded in popularity. And then, it just exploded.First, reports emerged in January that Luckin had fabricated its financial data, an allegation which the company, of course, denied. …read more […]

You’ve heard it before: If something seems too good to be true, it likely is.
Yesterday in his popular State of the Market YouTube series, Chief Income Strategist Marc Lichtenfeld tackled one of the financial world’s most insidious products – which is also one of its most tempting ones.
Especially when they’re peddled by stars like Tom Selleck…
I’m talking about reverse mortgages. Reverse mortgages offer borrowers a dazzling amount of money upfront or in installments, and they have to be paid back only after the borrower moves out of the house or passes away.
It sounds like the perfect solution for aging in …read more […]

(Bloomberg) — Donald Trump’s physician said the president is “doing very well” and his condition is improving while being treated at a U.S. military hospital near Washington for Covid-19.Trump’s campaign manager Bill Stepien tested positive, as did former White House Senior Adviser Kellyanne Conway and former New Jersey Governor Chris Christie. Three Republican senators have tested positive in the past day, and another has decided to quarantine despite testing negative. Vice President Mike Pence is said to have tested negative on Saturday morning.The president said early Friday that he had tested positive along with his wife and one of his …read more […]

This really was the gold standard of road trips. The Netherlands’ central bank transported its Dutch-based stock of gold — 14,000 bars and about 1,000 boxes of gold coins — from its headquarters in Amsterdam to a safe in the nearby city of Haarlem in a meticulously and closely guarded operation that ended Saturday, the bank said in a statement. Along with the bullion worth 10 billion euros ($11.7 billion), the bank also shifted bills worth another 4.5 billion euros ($5.3 billion) in the operation that was led by the Royal Dutch Military Police. …read more […]

Here are some of Rigzone’s top upstream stories during the last week, just in case you missed them… …read more […]

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, ‘The possibility of… …read more […]

President Donald Trump’s stunning disclosure that he’s been infected with the novel coronavirus has upended an already tumultuous campaign. …read more […]

Our nation’s economic balance point has created a virtual seesaw, one where the wealthiest have risen so high, so fast, that those on the bottom may be unable to let them down without damage to everyone involved. …read more […]

Some investors rely on dividends for growing their wealth, and if you’re one of those dividend sleuths, you might be… …read more […]

Every investor in Digital Turbine, Inc. (NASDAQ:APPS) should be aware of the most powerful shareholder groups… …read more […]

Readers hoping to buy Verizon Communications Inc. (NYSE:VZ) for its dividend will need to make their move shortly, as… …read more […]

AT&T Inc. (NYSE:T) is about to trade ex-dividend in the next four days. You will need to purchase shares before the… …read more […]