Articles by admin

(Bloomberg) — Tensions flared in bankruptcy court Monday over J.C. Penney Co.’s proposed sale to its lenders and landlords, with one lawyer alleging a dissenting creditor group is waging “economic terrorism” in search of a payout.Those creditors, led by Aurelius Capital Management, hold J.C. Penney term loans and other debt. They’ve submitted a competing proposal to buy the retailer’s real estate while still allowing mall owners Simon Property Group Inc. and Brookfield Property Partners take over the company’s operations. But the proposal isn’t feasible and is instead an attempt by those lenders to “extract a premium,” Andrew Leblanc of Milbank …read more […]

Stock futures opened flat to slightly higher Monday evening after a selloff on Wall Street pushed the Dow and S&P 500 to their biggest one-day drops in more than a month. …read more […]

(Bloomberg) — Sheldon Adelson’s Las Vegas Sands Corp. is exploring the sale of its flagship casinos in Las Vegas, according to people familiar with the matter, a move that would mark the mogul’s departure from the gambling mecca.The casino operator is working with an adviser to solicit interest from potential suitors, and may fetch $6 billion or more for its Vegas properties, said the people, who asked to not be identified because the talks are private.The portfolio includes the Sands Expo Convention Center, the Venetian Resort Las Vegas and the Palazzo.A representative for the company confirmed it was in very …read more […]

A big reason for Monday’s stock selloff, according to Gary Cohn, is the “100% percent probability” that we are not going to have fiscal stimulus before an election. …read more […]

Trends Expert Matthew Carr explains the rise of the zero trust security trend. He believes it could lead to a great investment opportunity for investors. Here’s how you can take advantage of this trend.
There is a monster lurking in office buildings all across the country.
And in our new, socially distanced world, the threat it poses is bigger than ever before.
But containing and securing this beast presents a massive opportunity for investors to profit.
In fact, companies working on this problem are beating the market not just by a handful of points… but by severalfold!
Rise of the Franken-Network
Most businesses have been building …read more […]

Gary Cohn, former president and CEO of Goldman Sachs and former White House National Economic Council Director: ‘I think you have to get the corporate tax rate to a level that makes sense in the global tax landscape.’ …read more […]

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In this article we will check out the progression of hedge fund sentiment towards Regeneron Pharmaceuticals Inc (NASDAQ:REGN) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and […] …read more […]

At Yahoo Finance’s All Markets Summit, Dr. Anthony Fauci outlines the key goals of COVID-19 vaccine candidates racing to the finish line. …read more […]

Carly Fiorina on Joe Biden: “Who he is what we need right now.” …read more […]

Many prominent investors, including Warren Buffett, David Tepper and Stan Druckenmiller, have been cautious regarding the current bull market and missed out as the stock market reached another high in recent weeks. On the other hand, technology hedge funds weren’t timid and registered double digit market beating gains. Financials, energy and industrial stocks aren’t doing […] …read more […]

Investors are always on the lookout for the best stock purchase, but the signs that indicate the ‘right’ stocks are an inconsistent lot. A high or rising share price, upside potential, or dividend payment have all been used – but all have their exceptions. Some investors say to keep away from low-cost stocks, as a price under $5 gets that low for good reason – but some ‘penny’ stocks are fundamentally sound and show the best upsides in the market. With this in mind, we used TipRanks’ database to find compelling stocks with bargain price tags. The platform steered us …read more […]

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(Bloomberg) — Dire earnings results at SAP SE wiped out more than 35 billion euros ($41 billion) from the German software company’s market value in a matter of minutes, sending a warning to tech investors about the health of the business software industry.In a surprise release late Sunday, SAP, one of Europe’s largest tech companies, cut its revenue forecast for the full year and said it expected the fresh wave of Covid-19 lockdowns to hurt demand through the first half of 2021. The results caused shares to fall the most ever in a single day, according to data compiled by …read more […]

(Bloomberg) — More than two dozen wildfires have broken out in California as hurricane-strength gusts sweep the state, including a blaze outside Los Angeles that’s forced 60,000 people to evacuate.Firefighters have managed to tamp down most of the fires, which began Sunday and Monday even after the state’s largest utility, PG&E Corp., cut power to an estimated 1.1 million people to prevent live wires from toppling into dry brush. But the blaze prompting evacuations near Irvine in Orange County remains uncontrolled after quickly ripping through more than 2,000 acres, according to fire officials.It’s some of most dangerous weather the state …read more […]