Business News
Explainer: How Fed’s Main Street program compares to other small business pandemic aid
The Federal Reserve on Monday launched its latest life raft for U.S. businesses hurt by the coronavirus pandemic.
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Business News
Stocks, oil slide on fears of second pandemic
Fears of a second wave of COVID-19 infections rocked world markets on Monday, knocking down oil prices and a gauge of global equity performance more than 2% at one point, as investors grappled with how to assess the economic recovery.
Trading Ideas
Trading Ideas
3 “Strong Buy” Small-Cap Stocks That Could Soar Over 40%
After weeks of euphoric buying, volatility has made its way back to Wall Street. COVID-19 continues to take a heavy toll on the stock market, with a slew of new infections in the U.S. and China sending the stock market on a downward spiral. However, some stocks are holding up better than others. Small-caps have been charging forward, with the Russell 2000 outpacing the broader market since hitting a low point on March 23. Bearing this in mind, we used the TipRanks database to locate three small-cap companies that combine that positive niche position with a low cost of …read more […]
Business News
GE picks Embraer planemaking chief to run aviation unit
General Electric Co on Monday tapped the planemaking head of Brazil’s Embraer to run its key aircraft engines division on Monday, as the global aviation industry grapples with disruption caused by the COVID-19 pandemic.
Newsmakers
ImagineAR (OTC: IPNFF) app Featuring Celebrities Flo Rida and Dwayne Wade Deployed by Broward Schools
Broward Education Foundation unveils “#2020gradsecret” with history-making AR technology that includes a special message from NBA legend Dwyane Wade FORT LAUDERDALE, Fla, June 15, 2020 – Broward Education Foundation teamed up with ImagineAR Inc. (CSE: […]
Business News
LSE offers no concessions to avert deeper EU probe of Refinitiv deal: sources
The London Stock Exchange will not offer concessions to EU antitrust regulators reviewing its $27 billion bid for data and analytics company Refinitiv, two people familiar with the matter said, a move which will likely trigger a four-month probe.
Business News
Amazon says CEO Bezos willing to testify before Congress: NYT
Amazon.com Inc Chief Executive Officer Jeff Bezos is willing to testify before a House antitrust investigation into the market power of major tech companies, the New York Times reported https://www.nytimes.com/2020/06/15/technology/amazon-jeff-bezos-congress.html on Monday, citing a lawyer for Amazon who wrote to lawmakers.
Business News
France’s Givenchy names Matthew Williams as new designer
French couture house Givenchy, owned by luxury goods giant LVMH and known for once dressing Hollywood stars such as Audrey Hepburn, said on Monday it had named Matthew Williams as its new creative director.
Trading Ideas
Thank Goodness for Animal Spirits
From Baltimore – Lately I’ve been thinking about animal spirits.
That’s the phrase political economist John Maynard Keynes coined to describe the human urge to take positive action, even if the decision to do so isn’t fully rooted in logic or mathematical probabilities.
It’s particularly appropriate right now, and every investor needs to consider it closely.
Why?
Well, as of this week, we are officially in a recession.
The National Bureau of Economic Research (NBER), which officially dates economic expansions and contractions, has declared that U.S. economic activity peaked in February. That peak marks the end of the recent economic expansion – at 128 months, …read more […]
Business News
New York manufacturing activity unexpectedly stabilizes in June
Manufacturing activity in New York State stabilized unexpectedly in June after three months of broad weakness brought on by coronavirus-related business shutdowns, and companies’ six-month outlook shot to a decade high, the New York Federal Reserve said on Monday.
Trading Ideas
U.S. Supreme Court rules for pipeline in Appalachian Trail dispute
Ruling against environmentalists, the U.S. Supreme Court on Monday decided that the federal government has the authority to allow a proposed $7.5 billion natural gas pipeline to cross under the popular Appalachian Trail in rural Virginia. The 7-2 ruling was a victory for Dominion Energy Inc and President Donald Trump’s administration, both of which appealed a lower court ruling that halted construction of the 600-mile (965-km) Atlantic Coast Pipeline, which would run from West Virginia to North Carolina. …read more […]
Business News
For shrinking stock markets, corona crisis looks like a turning point
The coronavirus crisis is likely to reverse a decade-long trend of shrinking equity supply that helped to power the longest bull market in history as cash-strapped companies are forced to raise equity instead of buying back their shares.
Business News
Fed launches long-awaited Main Street lending program
The Federal Reserve said on Monday it had opened registration for lenders interested in participating in its Main Street Lending Program, launching arguably the most complex program undertaken yet by the U.S. central bank to help keep the backbone of the economy from buckling under the strains of the coronavirus pandemic.
Trading Ideas
Bankrupt Hertz is offering used cars at a discount price
Yahoo Finance’s Heidi Chung breaks down the details of Hertz’s bankruptcy filings. …read more […]