Market News
A New 40% Rule for Grimmer Times
Wall Street Journal - 21 May 2020 16:05
The 40% rule is a time-tried tactic employed by pundits. If you say there is a 40% chance of something improbable happening and it does, you look great. And if it doesn't, you never said the odds favored it. But in the C...
Stocks Look Poised For A Big Move And Bulls Still Have The Edge
Forbes - 21 May 2020 19:51S&P Fired Employee Who Discussed Ratings With Senate Staff
Wall Street Journal - 21 May 2020 16:51
A wrongful-termination complaint claims retaliation for discussing a taboo topic. The firm says the employee violated policy.
ICICI Bank introduces special FD scheme for senior citizens with higher interest
livemint.com - 21 May 2020 09:50
ICICI Bank's special fixed deposit scheme is available on new FDs and renewal of FDs.It offers 80 basis points (bps) more than what is applicable to general public for the same deposit amount and tenor
Oil Rally Continues With Supply Cuts Boosting Sentiment
Wall Street Journal - 21 May 2020 16:13
Oil prices climbed, advancing for the sixth consecutive session with producers curtailing output in response to ultralow crude prices and the coronavirus crisis.
Europe's Recovery Imperiled by Banks Too Scared to Lend
Wall Street Journal - 21 May 2020 14:00
The ECB is offering banks trillions of euros in ultracheap money to keep European businesses afloat with loans to fight the effects of coronavirus. Governments are further sweetening the deal. But evidence is mounting th...
Wishful Thinking Makes This a Tough Market to Beat
Wall Street Journal - 21 May 2020 12:26
Investors are just as prone to wishful thinking as anyone else, but this week's wild stock swings showed that even unwarranted hope can be applied entirely rationally.
Lawsuit: Credit Bureaus Sued For Damaging Millions Of Student Loan Borrowers' Credit
Forbes - 21 May 2020 03:13Nvidia reports revenue up 39% from last year
CNBC - 21 May 2020 23:57
The stock is up over 50% on the year, not including Thursday's after-hours move.
Argentina Needs Goodwill From Bondlords, Or Else
Forbes - 21 May 2020 22:10Prices Rise for 20-Year Treasury Bond in Debut
Wall Street Journal - 21 May 2020 21:48
Prices for the revamped 20-year Treasury bond climbed in its debut session, a day after the Treasury auctioned its first 20-year bonds since 1986.
Why The Senate, And Not The Presidency, Is The Race To Watch This Election Year For Major Cannabis Legislation
Forbes - 21 May 2020 21:04How This Billionaire-Backed Crypto Startup Gets Paid To Not Mine Bitcoin
Forbes - 21 May 2020 20:35Oil & Gas Among Top Shorts Despite Market Rally
Forbes - 21 May 2020 19:13Breaking From Republican Leadership, Some GOP Senators Push To Speed Up Next Stimulus Bill As McConnell Delays
Forbes - 21 May 2020 19:09Intuit A Top Buy Heading Into Q3 Earnings
Forbes - 21 May 2020 18:33Brace for Another Bad Jobs Report
Wall Street Journal - 21 May 2020 18:19
Job losses appear to be slowing, but the May employment picture still looks horrible.
Judge Tosses Visium's Lawsuit Against Portfolio Manager's Widow
Wall Street Journal - 21 May 2020 17:39
Visium Asset Management was seeking more than $100 million it paid to one of the hedge fund's money managers. The judge dismissed the lawsuit on statute of limitation grounds.
Best Buy Could Have Been Much Worse
Wall Street Journal - 21 May 2020 17:21
Best Buy's ability to retain sales after closing down all of its U.S. stores speaks to its hold on the electronics and appliances market.
Harold Hamm, Fracking Pioneer, Faces a Career Reckoning
Wall Street Journal - 21 May 2020 17:17
The founder of oil giant Continental Resources revolutionized the industry and helped usher in the U.S. energy boom. Now he's slashing production and ripping up delivery contracts to try to survive the price collapse fro...