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Market News

Location American Market News for 23 April 2020
What It's Like In Las Vegas Right Now -- Las Vegas Advisor's Anthony Curtis Tells Us A former blackjack player, Anthony Curtis began publishing the Las Vegas Advisor more than 30 years ago as a newsletter for consumers considering visiting the gambling center.
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McConnell Supports Giving States Bankruptcy Access

Wall Street Journal - 23 Apr 2020 02:22
Senate Majority Leader Mitch McConnell said he favors allowing states to access bankruptcy protection over giving them more federal aid as they grapple with the coronavirus pandemic.
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Growth Stocks Shine in Rising and Falling Markets

Wall Street Journal - 23 Apr 2020 19:01
Investors have flocked to growth stocks for years now, a bet that hasn't cooled even as many are anticipating a recession ahead and the U.S. stock market has been roiled by some of the biggest swings in history.
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Europe's Banks Cannot Afford to Be Optimistic

Wall Street Journal - 23 Apr 2020 15:53
European banks were too optimistic during the last crisis, setting investors up for years of pain. Judging by Credit Suisse's first-quarter results, there is a risk that they will also prove too optimistic in the current...
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Ruth's Chris Steak House Returns $20 Million PPP Loan Amid Public Backlash As Treasury Issues New Guidance 71 publicly traded companies received PPP loans before the original $350 billion in funding ran out last week, Forbes found.
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China Is Nowhere Near Replacing The Dollar

Forbes - 23 Apr 2020 22:00
China Is Nowhere Near Replacing The Dollar If China wants to eat into the dollar's power globally with the internationalization of the yuan, it needs Europe to acquiesce.
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Another 4.4 Million Americans Filed For Unemployment But The Worst May Be Over, Experts Say Job loss claims may have peaked as the market looks towards re-opening the economy.
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Seeking Safety In ETFs? Better Know What You Own "Stay safe" has become a popular saying. While governments are busy rewriting public safety rules, certain ETFs investors are also rethinking where to find "safety" in the market.
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Sports-Betting Operator DraftKings Gets Vote to Go Public

Wall Street Journal - 23 Apr 2020 21:17
DraftKings took a step toward trading on public markets as shareholders of a special-purpose acquisition company voted to approve its takeover of the sports-betting operator
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Bitcoin Prices Surge As 'Perfect Storm' Drives Gains Bitcoin prices climbed nearly 8% in less than an hour today. How long with the cryptocurrency manage to hold these gains?
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The Pandemic Bill: Poor Countries Owe More In Debt Payments Than Spend On Healthcare China tells the World Bank to allow for poor countries to defer debts as the coronavirus pandemic rages on.
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The Best, And Worst, REITs For Social Distancing Landlords and lenders have taken it on the chin since the world shut down.
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How Soon Can The Coronavirus Economic Chokehold End? Dave Rosenberg, who practices independently at Rosenberg Research, notes that when and how to reopen the US economy is a tough call--one that depends on many medical variables.
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Coronavirus Erodes Confidence About Retirement Finances

Wall Street Journal - 23 Apr 2020 19:00
A survey by the Employee Benefit Research Institute in late March shows confidence levels among both workers and retirees for their retirement prospects beginning to slip.
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U.S. lawmakers were expected to approve $484 billion in fresh aid to small businesses and hospitals, while EU leaders were meeting to debate a broad recovery plan for countries hit hardest by the economic fallout from th...
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Large Public Companies May Be Shut Out Of New PPP Funds After Shake Shack Fallout 71 publicly traded companies received PPP loans before its original $350 billion in funding ran out last week, Forbes found.
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Coronavirus: Poverty And Ethics

Forbes - 23 Apr 2020 18:16
Coronavirus: Poverty And Ethics Access to a working bathroom, a condition that is probably met by almost the whole of the populations of the US and Western Europe, isn't available to 15.3 percent of Argentina's population, or more than six million peop...
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Credit Suisse: 'Probably The Most Severe Macroeconomic Crisis The World Has Seen Since The 1920s' The Swiss lender joined major U.S. banks in boosting reserves as it braces for credit losses triggered by coronavirus.
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Citrix Keeps Home Field Advantage

Wall Street Journal - 23 Apr 2020 18:11
Even after a runup, its stock is modestly valued relative to other work-from-home stars.
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Kinder Morgan board of directors today approved a cash dividend of $0.2625 per share for the first quarter,$1.05 annualized, payable on May 15, 2020, to common stockholders of record as of the close of business on May 4,...
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The Chinese Deliver On The Proverb Of Although all 3 are scary, the magnitude and duration of these problems may be lower than expected.
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China's Digital Currency To Be Given A Test Drive By U.S. Companies Starbucks, McDonald's and Subway in one part of Beijing reportedly part of a digital yuan rollout.
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