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Market News

Location American Market News for 1 June 2020
Seeking high returns, they poured savings into leveraged exchange-traded notes. One adviser called it 'investing on steroids.' The coronavirus downturn made some of the securities nearly worthless.
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Don't Expect Pfizer's Bad Reaction to Last

Wall Street Journal - 1 Jun 2020 17:34
A surprise cancer-drug failure will sting, but not as much as investors expect.
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Up 45% Since Late March, Is The Rally In Goldman Sachs' Stock Over? Goldman Sachs' Stock has gained 45% over recent weeks (vs. about 34% jump in the S&P 500) to its current level of $210 after falling to a low of $135 in late March as a rapid increase in the number Covid-19 cases outside...
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Russia Sort Of Dropped The Hammer On Bitcoin, Crypto The new law is designed to stop tax fraud. But it makes it nearly impossible for exchanges to operate in Russia. The same may hold for mining operations.
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Stocks This Week: Buy Baxter Travenol And Campbell Soup Stocks are likely to rise; here are a pair of trading selections.
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Saudi Foreign Reserves Drop in April on Wealth-Fund Transfer

Wall Street Journal - 1 Jun 2020 00:40
Saudi Arabia's foreign reserves dropped sharply in April as the kingdom kept its peg with the U.S. dollar steady while transferring a chunk to its sovereign-wealth fund to bet on stocks beaten down by the coronavirus pan...
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What History Shows You About The Market's Current Rally We've just seen a historically rapid drop in the markets paired with an similarly strong rebound. What does history imply may come next?
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New York City Imposes 11 P.M. Curfew, To Double Police Presence Monday Night The city will be under curfew from 11:00 p.m. to 5:00 a.m., Governor Cuomo announced.
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Gun Stocks Surge Past Broader Market

Wall Street Journal - 1 Jun 2020 21:12
Shares of gun manufacturers soared Monday, continuing this year's winning streak.
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As Slack And Zoom Report Q1 Earnings, How Will They Navigate The Post-Covid-19 Economy? Virtual meetings have seen a significant surge in demand since shelter-in-place orders were implemented. We may get a look at how this helped companies Zoom and Slack as they prepare to announce Q1 earnings.
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What do neo-banks offer and should you try them?

livemint.com - 1 Jun 2020 19:31
These fintechs offer banking solutions and savings account from a traditional bank.Neo-banks are offering solutions for expense management, investments, forex needs and so on
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Economic Recovery Could Be Faster Than Expected Shares of commercial carriers flew up 11.75 percent last Tuesday on renewed hopes that a vaccine against the novel coronavirus can be developed as soon as year-end.
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U.S. oil prices notched their largest monthly gains on record in May, recovering a big chunk of the losses caused in March and April by the coronavirus.
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Check if redeeming can cause further losses in terms of exit loads or taxability
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Your EPF account continues to earn interest even if there is no fresh contribution. However, the interest earned post fresh contributions is taxable on an accrual basis and is to be added as part of your taxable income
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It's No Optical Illusion---U.S. Stocks Really Are Expensive

Wall Street Journal - 1 Jun 2020 13:00
The headline price/earnings ratio can be misleading, but a plunge in earnings and a recovery that will take time really does make American stocks pricey.
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Your score could be affected by factors such as repayment discipline, credit utilization, size and type of loan and length of credit history. Here are six myths about credit scores you should understand to make informed ...
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Yearly Losses Exceed 60% For Nordstrom And Macy's As Volume Spikes A reopening economy has led to a resurgence of gains for many sectors impacted by the pandemic. But not all are on this upward trajectory. Our deep learning algorithms have determined last week's biggest movers and shake...
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Intel Outpaces Facebook And Netflix As Top Stock To Buy To kick off the month of June, we've leveraged our deep learning algorithms to compile a list of the top 10 trending stocks.
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Gold ETFs See Over $10 Billion In Flows In Q2 If tensions continue to rise between China and the US, a pullback is very possible. For now, markets appear to be unfazed. According to our Artificial Intelligence, these ETFs had the largest weekly inflows.
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$70 Million A Day Cash Burn And No Demand: Can American Airlines Stock Recover From Here? American Airlines' stock has dropped a massive 65% this year. No surprises there. Air travel is down 90%, Q1 2020 losses totaled $2.2 billion, and a cash burn of nearly $70 million a day is putting pressure on liquidity....
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How Recent Tax Relief & Aid Legislation Impacts Traders Tax tips for the July 15 deadline, extensions, 475 elections, NOL carrybacks, CARES relief, and more.
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