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Market News

Location American Market News for 29 May 2020
Frontier Communications: Chapter 11 Is No Protection Frontier Communications' Chapter 11 bankruptcy filing is the latest chapter in one of Wall Street's longest running investment disaster stories. Unfortunately, it's hardly the last. The restructuring plan would wipe out ...
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Nordstrom Clears Low Bar for Clothing Retail

Wall Street Journal - 29 May 2020 16:17
Online sales weren't enough to protect Nordstrom from a precipitous revenue drop, but the clothing retailer seems to have what it takes to come out of the crisis in decent shape.
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$600 A Week Unemployment Benefits Unlikely To Be Extended No more unemployment benefits?
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Top 10 Changes To The Business World Caused By Coronavirus After reading Mary Meeker's 2020 Coronavirus Trends Report, I have focused on the key future changes brought about by the coronavirus to pay attention to in the near future.
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Restarting The American Economy: The Most Essential Factors According to some sources, unemployment is expected to reach 25.2% by the end of this year.
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Stocks Turn Positive After Trump Keeps Phase One China Trade Deal Intact Trump took a more confrontational approach with China on Friday.
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A common view, prior to Covid and Hong Kong, was that a "pardon" for Huawei would be the bargaining chip that would seal the next U.S./China economic deal. Presumably, this was Huawei's calculation as well. But times hav...
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Our Next 'Roaring 20s' - Boom Or Kaboom?

Forbes - 29 May 2020 21:44
Our Next 'Roaring 20s' - Boom Or Kaboom? Our last national pandemic was followed by a boom decade - the 'Roaring 20s.' For the current pandemic to segue into a yet better boom - one that does not end in bust - we shall need state capacity. And for that we'll re...
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Trump Says Will Revoke Hong Kong Special Status, Reviews China NYSE Listings A new day for Hong Kong. The breakup begins now.
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Canada's Banks Take Earnings Hit from Loss Provisions

Wall Street Journal - 29 May 2020 21:06
Royal Bank of Canada, Toronto-Dominion Bank Group and Bank of Montreal set aside billions of dollars during their second quarters to guard against defaults by their borrowers. The question now looming for the rest of the...
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McConnell Vows The Next Stimulus Bill Will Be The Last One Another round of stimulus checks, more state aid, and extended unemployment benefits are all on the line.
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Occidental Nearly Eliminates Dividend Amid Low Oil Prices

Wall Street Journal - 29 May 2020 20:50
The oil producer, laden with debt following its deal to buy rival Anadarko, plans to pay a quarterly dividend of just 1 cent a share in July as it seeks to conserve cash amid low oil prices and weak demand.
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Finding Comfort Outside Of The MegaTechs

Forbes - 29 May 2020 20:32
Finding Comfort Outside Of The MegaTechs Megatech has done well lately. But for investors over allocated to Facebook, Apple, Amazon, Microsoft and Alphabet, there are other tech stocks with good growth prospects and strong balance sheets.
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SoftBank Vision Fund CEO Gets 113% Pay Raise Despite Massive Losses The Vision Fund chief saw his salary more than double despite historic losses at the Japanese tech group.
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Tencent in Talks to Buy Warner Music Stake

Wall Street Journal - 29 May 2020 19:54
Tencent Holdings is in discussions to buy a stake in Warner Music Group as part of the record company's initial public offering, a key test for a new-issue market that has been hobbled by the coronavirus pandemic.
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Cuomo: New York City Can Begin Reopening On June 8 New York's daily death toll declined to its lowest level yet.
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Vegas Opening Up for the Ultimate Gamble

Wall Street Journal - 29 May 2020 19:01
Casinos in America's original gambling mecca will be allowed to reopen next week after adopting social-distancing precautions. But some Nevada industries are easier to reopen than others.
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Spending Plunge Will Keep Weighing on U.S. Growth

Wall Street Journal - 29 May 2020 18:58
With more businesses starting to reopen, consumer spending looks as if it is starting to dig its way out of the hole caused by the coronavirus crisis. But the hole is very deep.
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Federal Reserve Is 'Days Away' From Making First Main Street Loans To Middle Market Businesses, Powell Says Powell says Main Street is "far and away the biggest challenge" the Fed has faced during the pandemic.
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Imaging Hong Kong Without Its U.S. Special Status Deal Trump might not strip Hong Kong of its special status in an election year. Here's what happens if that status is eventually removed.
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This Dividend-Paying Safe-Haven Stock Is A Top Buy Today Searching for flight-to-safety shares? This dividend payer could be the right choice for you
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Top Shorts As Worries About Passive Investing Bubble Grows Stocks were trading timidly on Friday and there's a possibility that the market will be met with volatility in the oncoming weeks. According to our deep learning algorithms, the top stocks to short today include technolo...
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