Articles by Editor

boohoo group plc’s (LON:BOO) price-to-earnings (or “P/E”) ratio of 58x might make it look like a strong sell right now… …read more […]

(Bloomberg) — Gold headed for back-to-back gains following wild swings as investors weighed the outlook for the metal’s record-setting rally, tracking moves in bond yields, a weaker dollar, as well as an uptick in risk appetite.Spot bullion climbed, while futures were little changed. This comes after prices tumbled on Tuesday, then swung in a wide arc on Wednesday, as last-week’s rally likely spurred some technical selling and profit-taking. Meanwhile, most Asian stocks advanced Thursday and were on course to erase this year’s declines as the global equity rally that’s driven shares higher since March continued to strengthen.Gold and silver have …read more […]

Will more restaurants close or file for bankruptcy amid COVID-19? Chains like Outback, Applebee’s and IHOP are most at risk for not paying back debts. …read more […]

The U.S. government on Wednesday said it would maintain 15% tariffs on Airbus aircraft and 25% tariffs on other European goods, despite moves by the European Union to resolve a 16-year-old dispute over aircraft subsidies. U.S. Trade Representative Robert Lighthizer (USTR) said the EU had not taken actions necessary to come into compliance with World Trade Organization decisions, and Washington would initiate a new process to try to reach a long-term solution. …read more […]

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On a conference call with investors, Chief Executive Chuck Robbins said Cisco also plans to reduce its expenses by $1 billion on an annualized basis “over the next few quarters.” The company also announced that Chief Financial Officer Kelly Kramer will retire from Cisco, but will remain with the company until a successor is found. Cisco expects current-quarter revenue to drop between 9% and 11% from last year, implying a range of between $11.71 billion and $11.97 billion, while analysts had expected $12.25 billion. …read more […]

(Bloomberg) — Fannie Mae and Freddie Mac are planning to charge an additional fee on most mortgage refinance loans that could raise costs for borrowers trying to take advantage of historically low rates in an uncertain economy.The mortgage giants, which have been under government control since 2008, announced the plan late Wednesday, saying the new 0.5% fee is meant to mitigate their risk in light of the Covid-19 pandemic. It would apply to most refinances involving the companies.The companies and their regulator, the Federal Housing Finance Agency, have tread carefully during the pandemic, as some parts of the mortgage market …read more […]

It was not a good start to the week for online sports betting (OSB) company DraftKings (DKNG). Shares dropped after it became apparent that college football’s fall season probably won’t kick off. At a Big Ten conference meeting, the teams’ presidents voted 12-to-2 to cancel the season. This development represents a big blow for DraftKings. College football is one of the most bet on sports in the US and takes place during Q4, when the company traditionally generates most of its revenue.The decision raises the question of whether other sports leagues will be cancelled. Whether they will or won’t, Rosenblatt …read more […]

The global landscape is fraught with simmering tensions, but one universal commonality remains intact: the need for a coronavirus vaccine.However, Canaccord analyst John Newman believes that until a vaccine becomes available, there could be another solution. And one just as potent.“Regeneron’s (REGN) REGN-COV2 antibody cocktail could provide immediate treatment for COVID-19 patients, whereas a vaccine would not. We believe REGN-COV2 is a much-needed approach to provide both immediate impact and a supplement to protection once vaccines are (hopefully) available,” said the 5-star analyst.Regeneron initiated the Phase 3 study for REGN-COV2 in July, evaluating its efficacy in treating and preventing COVID-19. …read more […]

(Bloomberg) — China’s largest state-run banks operating in Hong Kong are taking tentative steps to comply with U.S. sanctions imposed on officials in the city, seeking to safeguard their access to crucial dollar funding and overseas networks.Major lenders with operations in the U.S. including Bank of China Ltd., China Construction Bank Corp., and China Merchants Bank Co. have turned cautious on opening new accounts for the 11 sanctioned officials, including Hong Kong Chief Executive Carrie Lam, according to people familiar with the matter. At least one bank has suspended such activity.At some lenders transactions via the U.S. are banned, while …read more […]

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There is a big discussion happening on social media right now regarding cash and how it’s become a relic of the past. It might even be confiscated and replaced with crypto or computerized currency that can be tracked.
If this ends up being the case, that means no more bags sealed in plastic buried in the back yard…
No more paying the babysitter under the table…
It’s all going to be tracked.
But until that happens, there is still a place for companies like Diebold Nixdorf (NYSE: DBD). It’s a multinational financial and retail technology company that specializes in the manufacturing of ATMs, along …read more […]

A non-profit physician’s group is asking a federal court to immediately order meat and poultry processing plants to test their products for COVID-19, and make the results of their tests public. …read more […]

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