American Airlines declined to comment. American Airlines and Delta Air Lines Inc said last week that a modest recovery in demand was helping to slow daily cash burn rates in June after the U.S. government reported record low passenger numbers in April amid the coronavirus pandemic. …read more […]
As part of its Chapter 11 restructuring, Neiman’s is considering vacating Hudson Yards. …read more […]
(Bloomberg) — Florida cases jumped 3.7%, more than the weekly average, while New York reported infections in line with trends. An infectious disease researcher expects a “forest fire of cases” and no let up this summer.China suspended imports from a Tyson Foods U.S. poultry plant after a cluster of coronavirus cases. Germany also blamed outbreaks in the meat industry as the infection rate rose for a second day.The U.K. will set out plans to further ease restrictions this week. Chancellor of the Exchequer Rishi Sunak is considering an emergency reduction in the value-added tax, the Sunday Times reported.Key Developments:Global Tracker: …read more […]
Investors will be monitoring the recent spike in coronavirus cases, the U.S. housing market and Nike earnings in the week ahead. …read more […]
(Bloomberg) — American Airlines Group Inc. is seeking to raise about $1.5 billion by selling shares and convertible notes, according to people with knowledge of the matter, as it shores up liquidity after months of travel disruption from the coronavirus pandemic.The carrier, which has been gauging demand from potential investors over the weekend, could announce the offering as early as Sunday, the people said, asking not to be identified because the information is private. Deliberations are ongoing, and the timing and details of any deal could change, they said.A representative for American declined to comment.Fort Worth, Texas-based American is also …read more […]
(Bloomberg) — Wirecard AG’s former boss Markus Braun is unwinding a large portion of the shares he owns in the embattled payments processor, a stake he financed by borrowing against the stock’s value, according to a person familiar with the matter.Former Chief Executive Officer Braun, who held 7% of Wirecard’s shares to rank as the company’s biggest shareholder, had funded his purchase through a 150 million-euro margin loan that was secured by the value of the underlying stock. Wirecard’s shares plunged 72% last week after billions in cash went missing, triggering a liquidation of the shares Braun had pledged as …read more […]
A lot has changed in the world over the past few months, but you wouldn’t know it from the stock market. The NASDAQ, for example, is up 11% year-to-date and recently set a new all time high. However, when it comes to dividend stocks things have definitely changed. This is due to the impact of COVID-19, which caused several companies to slash their dividends to conserve cash leaving investors in shock. Now more than ever, before jumping into a dividend stock it is prudent to carefully examine how safe it is.With this in mind, we looked for dividend stocks with …read more […]
I read your article on Nikola and Tesla in which you brought up some very good points concerning bloated valuations, thank you for that. However, I wanted to point out a few things you seemed to ignore. Nikola Corporation vs Tesla Inc Valuation First, you made Tesla look like it has a realistic value attached to it […] …read more […]
Spotify is expanding its podcast empire by signing exclusive deals with Kim Kardashian West & DC Comics, among others. …read more […]
(Bloomberg) — None of Wirecard AG’s missing $2.1 billion of cash entered the Philippine financial system, according to the nation’s central bank Governor Benjamin Diokno, after two of its major lenders denied holding funds for the German payments processor.BDO Unibank Inc., the country’s biggest bank, and Bank of the Philippine Islands, said on Friday that they didn’t have a relationship with Wirecard and that rogue employees falsified documents that indicated the presence of some funds.“The initial report is that no money entered the Philippines and that there is no loss to both banks,” Diokno said in a mobile-phone message to …read more […]
After a prolonged bull rally, volatility once again rules the markets. The S&P 500 finished the week in the green, but Friday June 19’s session saw dramatic swings due to technical factors as well as alarming headlines related to a COVID-19 resurgence and a slowdown in the economic recovery. Against this backdrop, what investors want, what will really bring back the animal spirits of the marketplace, is long-term stability. They aren’t looking to day trade; they are looking to park their money and watch it grow. Fiscal stimulus policies have pushed interest rates down to near zero. Treasury bonds …read more […]
‘Potential COVID-19 treatments, improvement in economic data, and more fiscal stimulus could push the S&P; 500 closer to an upside case scenario of 3,384,’ director of equity portfolio and technical strategy at Raymond James noted. …read more […]
(Bloomberg) — Every day, traders in London congregate at 4 p.m. to buy and sell North Sea oil for half an hour. The window, as it’s known in the industry, is where competition between the most powerful players in the market sets the price of Brent crude.Two months ago, every trader wanted to sell cargoes and none were keen to buy. Now the window has transformed into a bull market, where bids outnumber offers 10 to one and prices are surging.“The physical market is strong,” said Ben Luckock, co-head of oil trading at Trafigura Group.The turnaround reflects the most torrid …read more […]
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