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Yahoo Finance Presents: The Milken Institute Summer Series 2020: Lessons Learned: Mitigating the Next Crisis

June 26, 2020 admin Comments Off on Yahoo Finance Presents: The Milken Institute Summer Series 2020: Lessons Learned: Mitigating the Next Crisis

After heeding the lessons from 2008-2009, leaders of the financial sector were equipped to step in as needed during the current crisis. As economies continue to lift restrictions and recover from one of the steepest declines on record, it’s time to analyze the lessons to be learned and identify needed change. The next crisis–be it climate change, the inequality gap, or retirement systems–is undoubtedly in the making. As we prepare to meet it, we must address crucial questions: Will we be able to transform a system that many believe does not work for them anymore and build a more equitable …read more […]

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Alphabet (GOOG) Is Buying Back More Stock

June 26, 2020 admin Comments Off on Alphabet (GOOG) Is Buying Back More Stock

If you are looking for the best ideas for your portfolio you may want to consider some of Tao Value’s top stock picks. Tao Value, an investment management firm, is bullish on Alphabet Inc. (NASDAQ:GOOG) stock. In its Q4 2019 investor letter – you can download a copy here – the firm discussed its investment […] …read more […]

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American Airlines warns flights may be more crowded in July

June 26, 2020 admin Comments Off on American Airlines warns flights may be more crowded in July

The announcement comes before a meeting between the chief executives of major U.S. airlines, including American, and senior U.S. officials, including Vice President Mike Pence, at the White House to discuss several virus-related travel issues. U.S. airlines are bleeding cash as travel suffers in the pandemic and have warned that capping the seats they sell on each flight to allow for more space between passengers is not something they can do forever. American was previously limiting its seating capacity at 85% on each flight, or roughly 50% of the main cabin middle seats. …read more […]

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Deutsche Bank’s Accounting Head Is Target of Wirecard Complaint

June 26, 2020 admin Comments Off on Deutsche Bank’s Accounting Head Is Target of Wirecard Complaint

(Bloomberg) — Deutsche Bank AG’s top accounting executive, Andreas Loetscher, and two ex-colleagues at his former firm Ernst & Young were targeted in a criminal complaint by a German retail investor association for their alleged role in the accounting scandal at Wirecard AG.The SdK association filed the claim against two unnnamed current partners of EY — which also audits Deutsche Bank’s accounts — and one former partner because of “the events around Wirecard,” according to a statement on Friday. That ex-partner is Loetscher, a person familiar with the matter said.Loetscher, a two-decade veteran at the accounting firm, oversaw the Wirecard …read more […]

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Hyliion IPO Announced via Tortoise Acquisition Merger

June 26, 2020 admin Comments Off on Hyliion IPO Announced via Tortoise Acquisition Merger

A Hyliion IPO is coming to the markets. The company announced a reverse-merger. This comes after the successful merger and public debut of rival Nikola. Now, investors want to know if Hyliion stock is the next big hit.
But is Hyliion a good investment? Here’s what we know…
Hyliion IPO: The Business

CEO Thomas Healy founded Hyliion (Hi-LEE-on) in 2015. Healy is a mechanical engineer and motorsports racer. His mission is to bring hybrid technology to tractor trailers. Hyliion is the industry leader in Class 8 electrification. This includes cement trucks, dump trucks and freightliners. Hyliion designs, develops and sells electrified powertrain …read more […]

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Wirecard’s Creditors Prepare for Battle Over Missing Billions

June 26, 2020 admin Comments Off on Wirecard’s Creditors Prepare for Battle Over Missing Billions

(Bloomberg) — The implosion of Wirecard AG in one of the biggest financial scandals in German corporate history leaves creditors who lent it as much as 3.2 billion euros ($3.6 billion) wondering if they’ll ever see their money again.The company filed for court protection from creditors on Thursday and there’s 1.9 billion euros missing from its balance sheet. Administrators face a long and complex task picking through the rubble of the first insolvency by a member of Germany’s main stock index.What comes next?The insolvency court in Munich needs to formalize the process and appoint an administrator. While the exact time …read more […]