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‘The market will take 2 years to return to where it was in Q1 2020’: Expert

In April, the U.S. economy shed 20.5 million jobs, while unemployment spiked to 14.7%. Investors, however, are optimistic that the market will recover from this, eventually. Yahoo Finance’s Alexis Christoforous and Brian Sozzi discuss with David Bailin, CIO at Citi Private Bank. …read more […]

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Exclusive: J.C. Penney to file for bankruptcy as soon as next week – sources

A bankruptcy filing would cap a long decline for the iconic 118-year-old department store chain, which has struggled with a nearly $4 billion debt load and competition from e-commerce firms and discount brick-and-mortar retailers even before the pandemic’s onset. The Plano, Texas-based company, which employs nearly 85,000 people, is in discussions with creditors for a so-called debtor-in-possession loan to bolster its finances while it navigates bankruptcy proceedings, the sources said. The timing of a bankruptcy filing could slip depending on how much time it gets from creditors, the sources said. …read more […]

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The ‘silver lining’ of the April jobs report, according to Deutsche Bank Chief U.S. economist

In the month of April, the U.S. economy lost a record 20.5 million payrolls and the unemployment rate jumped to 14.7%. Yahoo Finance’s Alexis Christoforous and Brian Sozzi break down the report with Matthew Luzzetti, Deutsche Bank Chief U.S. Economist. …read more […]

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3 Big Dividend Stocks Yielding at Least 10%; Maxim Says ‘Buy’

Does history repeat? Many of us, no doubt, remember the crash of the doc.com bubble back in 2000, and at least one analyst sees that pattern repeating before our eyes. Will Meade, who built his reputation in stock analysis with Goldman Sachs, believes that the current rally is only temporary, and that the markets are likely to fall again in 2H20 – by as much as 40%.Meade points that, like in 2000, we have the risk and uncertainty of a Presidential election coming up, and then adds, “The NASDAQ in 2000 did a similar bear market bounce as stocks this …read more […]

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Freshworks IPO: Can Investors Expect Freshworks Stock?

In 2018, rumors of a Freshworks IPO started spreading. Investors anticipated the initial public offering would come as early as 2022. However, Freshworks stock might be closer than analysts thought.
Investors might be able to invest in the startup sooner than they expected. There are signs that Freshworks will go public as early as the end of 2020. Here’s what we know…
Freshworks IPO: The Business

Girish Mathrubootham and Shan Krishnasamy founded Freshworks in 2010 in Chennai, India. Freshworks is a Software as a Service (SaaS) company. It sells software to companies of all sizes. Although, it focuses on small businesses.
The original company …read more […]