Year: 2020

Finding the right stock plays in the current environment is a challenge for every investor. The crisis sparked by the coronavirus and the unprecedented economic shutdown policies has defied all the rules, making it difficult to predict where a given stock may head. Fortunately, TipRanks has developed the tool you need to interpret the market.The Smart Score tool takes the range of TipRanks’ raw data, sorts it by 8 separate factors that are known to predict future stock behavior, and uses it to give each stock a single-digit store, on a scale of 1 to 10, indicating whether it is …read more […]

A new report into the Federal Aviation Administration’s decision to certify the Boeing 737 MAX may help proponents seeking reforms to the long-standing practice of delegating some aircraft certification tasks to manufacturers. On Wednesday, the Transportation Department’s inspector general released a 52-page report that said Boeing withheld key information about a crucial safety system known as MCAS, that is tied to two fatal crashes and raises questions about whether Boeing employees performing work for the FAA faced undue pressure. On June 16, Senate Commerce Committee chairman Roger Wicker and the top Democrat on the panel Maria Cantwell introduced …read more […]

Yahoo Finance’s Anjalee Khemlani joins The First Trade to break down the latest headline news about the coronavirus, including Pfizer’s recently released phase 1 data. …read more […]

Rates have returned to a record low amid the Fed chief’s new warnings about the economy. …read more […]

Yahoo Finance’s Heidi Chung joins The First Trade to break down General Mills’ earnings report, which beat on top and bottom lines, and ADP’s employment report, which saw a rebound in industries that saw biggest job losses. …read more […]

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The global health crisis has forced brick-and-mortar retailers to tap credit lines, lay off employees and suspend dividends and buybacks in a bid to stay afloat. “While our stores are reopened, we expect that the COVID-19 pandemic will continue to impact the country for the remainder of the year,” Chief Executive Officer Jeff Gennette said in a statement, adding that the retailer did not expect another total shutdown of stores. Macy’s, which also owns Bloomingdale’s, said net sales for the first quarter through May 2 nearly halved to $3.02 billion. …read more […]

Tens of millions of barrels of crude and oil products stored on tankers at sea due to the coronavirus crisis are being sold, in a sign fuel demand is recovering as lockdowns ease, shipping sources say. Fuel demand tumbled as much 30% from March to May, with some surplus stored at sea as land storage filled up. Crude held on tankers fell below 150 million barrels by the end of June, down from more than 180 million barrels in late April, IHS Markit estimated. …read more […]

(Bloomberg) — Two decades of financial disasters from Enron Inc.’s collapse in 2001 to Wirecard AG’s meltdown have left the Big Four accounting firms facing a major cultural problem that regulators may struggle to resolve.The 1.9 billion euros ($2.1 billion) missing from Wirecard’s balance sheet brought the chief executive officer’s arrest, the German payments firm’s insolvency filing and a lot of finger-pointing. Some have blamed German regulator BaFin for its oversight failures. Wirecard’s auditor, Ernst & Young, called it an “elaborate” fraud that even a very rigorous probe may not have discovered.But EY is also on the hot seat. It …read more […]

United Airlines plans to triple the number of daily flights in August despite a surge of coronavirus infections in the United States. …read more […]

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If you follow this simple strategy, your wealth will increase.
In fact, follow it to the letter and it will double… guaranteed.
You’ll be on your way to true financial freedom.
If you’re a longtime reader, you’ve heard us muse about our “broken bowl” theory.
It’s the most powerful wealth creating tool we know of.
And there’s a funny story that accompanies how we came to discover this simple yet powerful idea.
When we were newlyweds, we lived with Mrs. Manward in a remote section of Alaska’s southeast coast. It’s where we met with some of the country’s richest men and truly discovered the idea of …read more […]

Top news and what to watch in the markets on Wednesday, July 1, 2020. …read more […]

(Bloomberg) — Germany’s top financial watchdog faces a grilling by lawmakers in Berlin over the regulator’s failure to uncover problems at Wirecard AG before it collapsed in one of the country’s biggest-ever corporate scandals.BaFin President Felix Hufeld is scheduled to testify behind closed doors to German parliament members at about 11:30 a.m. local time on Wednesday. Given the critical comments made by some lawmakers last week, the hearing may be Hufeld’s toughest since he took the job more than five years ago.Even with ample warning, German authorities failed to catch accounting issues at the digital-payments company, whose collapse has shaken …read more […]

Wirecard’s administrator said he has received strong inbound interest for the payment firm’s assets and will shortly mandate banks for the sale of individual parts of the company. “A large number of investors from all over the world have contacted us, interested in acquiring either the core business or business units that are independent of it”, Michael Jaffe said in a statement after a creditor committee meeting late on Tuesday. Wirecard filed for insolvency last week owing creditors almost $4 billion after disclosing a 1.9 billion euro ($2.1 billion) hole in its accounts that its auditor EY said …read more […]