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Business News

Location American Business News for 19 April 2020

Bets Against the Stock Market Rise to Highest Level in Years

Wall Street Journal - 19 Apr 2020 11:30
Short sellers have revived their wagers against the stock market in recent weeks, taking their most aggressive positions in years.
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dForce appears to have lost control of $25 million in bitcoin and ether held in its decentralized lending protocol.
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Virus Maroons Some Recreational-Vehicle Nomads

Wall Street Journal - 19 Apr 2020 14:04
Virus Maroons Some Recreational-Vehicle Nomads The coronavirus has stranded some RV nomads, used to a freewheeling lifestyle. The Creek family prepares for a sizzling summer in Gila Bend, Ariz.
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Stocks This Week: Buy United Health Group And Sell Short American Airlines Stocks are likely to consolidate early in the week before moving higher.
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5 Startup Launch Milestones You Can Hit Within 2 Months A lot can happen in two months, especially for an early-stage startup. Here are five milestones every entrepreneur can hit, no matter the business model, industry, or target buyer.
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Governors took issue with President Trump’s call for states with stay-at-home orders to “LIBERATE” residents from social distancing guidelines, during...
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What To Watch This Week: 'My Brilliant Friend,' 'Middleditch & Schwartz' And The NFL Draft You don't have to keep watching "The Office" over and over again.
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How Ruth's Chris Got an Extra Helping of Small Business Aid Money Ruth's Hospitality Group was able to secure two small-business loans by borrowing through its subsidiaries, a move that is permitted but has drawn scrutiny from Democratic lawmakers.
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Airlines, Tech to Headline Earnings Week

Wall Street Journal - 19 Apr 2020 18:00
Airlines, Tech to Headline Earnings Week Almost a fifth of the S&P 500 are scheduled to report earnings this week, providing a look into how Covid-19 has ravaged different sectors.
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South Africa Proposes 30 Rules to Regulate Cryptocurrency South Africa’s top financial regulators, including the South African Reserve Bank, have jointly released a policy paper with 30 recommendations for the regulation of cryptocurrency and related service providers. They a...
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Fanatics Founder's Celebrity Challenge Raises $10 Million To Feed America During Coronavirus Leonardo DiCaprio, Ellen DeGeneres, Tom Brady, Peyton Manning, Drake and dozens of other celebrities joined Fanatics Michael Rubin to raise money for coronavirus relief efforts through auctions on one-of-kind experiences...
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Why are stocks soaring as the economy melts down? Thank the Fed. Pablo Martinez Monsivais/AP The stock market climbed for a second straight week, ignoring gloomy economic forecasts and bleak data as traders find a silver lining in the Federal Reserve. In recent weeks, the Fed has used...
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Neiman Marcus Group is preparing to seek bankruptcy protection as soon as this week, becoming the first major U.S. department store operator to succumb to the economic fallout from the coronavirus outbreak, people famili...
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Citigroup Cutting Ties With Scaramucci's Hedge Fund of Funds

Wall Street Journal - 19 Apr 2020 04:12
Citigroup's private bank decided to sever its relationship with Anthony Scaramucci's SkyBridge Capital and expects to see clients redeem $100 million over time.
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U.S. Economic Growth Will Be Worse Than EU And China Barclays Capital cut the U.S. growth forecast. it's now one of the three worst-hit economies by the new SARS coronavirus.
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The Recession Mantra For The New Normal: In a pandemic, cash is king - SMBs must do everything possible to accelerate & preserve their cash flows, including saying, "No" to potential sales
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Poll of NYC VCs shows hope for early-stage startups

Venture Beat - 19 Apr 2020 21:12
A survey of early stage VC firms in NYC suggests investors remain surprisingly optimistic.
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From Hard-Shell To Chef-Driven: A New Book Traces America's Taco Journey Jose R. Ralat's new book tells the story of tacos across the United States.
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Is The Worst Of The Crisis Over?

Forbes - 19 Apr 2020 19:43
Is The Worst Of The Crisis Over? With the bear market rally now a month long it is clear that not all stocks have joined the party. Technical analyst Tom Aspray looks at the current market action and whether it still looks typical of a bear market rally...
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China has dodged a wave of coronavirus-related defaults with a large, coordinated effort by regulators and banks to allow companies and individuals defer their loan payments.
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Coronavirus, Economic Meltdown And The World Of Impact: Insights From Lauren Cochran Of Blue Haven Initiative How are investors and entrepreneurs in sub-Saharan Africa addressing the challenges they face? For answers, we talked to Lauren Cochran, a managing director at Blue Haven Initiative, whose primary focus is on that region...
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Despite The Recent Selloff, U.S. Stock Valuations Remain Elevated A 15% selloff hasn't done much to alter the long-term prospects for returns. Here's why.
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