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Market News

Location American Market News for 17 June 2020

Sales Are Going Out of Style at These Retailers

Wall Street Journal - 17 Jun 2020 13:00
Some retailers are putting aside large portions of inventory for next year to avoid selling into an aggressively promotional sale environment.
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The Car Industry's $1.1 Trillion Debt Problem

Wall Street Journal - 17 Jun 2020 10:58
The acute phase of the coronavirus crisis has passed for automakers. The chronic phase may be just beginning.
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20-Year-Old Robinhood Customer Commits Suicide After Seeing A $730,000 Negative Balance Amid the wave of newcomers to what has become a casino stock market, a novice options trader takes his own life.
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What's The Best Way To Get Student Loan Forgiveness? Read the fine print.
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China's New Coronavirus Outbreak, Virus Rising In 22 U.S. States, Economic Rebound In Jeopardy With a new coronavirus outbreak in China and an increase in new cases in 22 U.S. states, the economy will find it difficult to return to its previous level.
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"Sales...were promptly suspended pending further understanding of the nature and timing of the staff's review," Hertz said in a filing for its $500 million stock offering.
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Technical Trouble Bubbling for BYD

Forbes - 17 Jun 2020 21:49
Technical Trouble Bubbling for BYD Volatile casino stock Boyd Gaming (BYD) is running into some technical trouble on the charts
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Hertz's Equity Is Worthless

Forbes - 17 Jun 2020 21:41
Hertz's Equity Is Worthless Without the ability to buy new cars, the equity in Hertz became useless on May 5th.
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Many developers are facing a cash crunch amid the pandemic and may not be able to fulfil all promises.The covid-19 crisis has forced developers to roll out schemes and offers that are attractive for homebuyers
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Zoom Offers The Best Of Both Worlds: Growth Plus A Hedge In a portfolio, the forest is more important than the trees. Using that prism, Zoom may offer investors the best of both worlds: hyper growth plus a portfolio hedge.
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It's necessary to learn from the data and overcome the current challenges
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Top Companies To Short As Nasdaq Looks To Break 10,000 If you're looking to hedge some downside, or if you think the market has gone too far to the upside, our deep learning algorithms have used Artificial Intelligence ("AI") technology to identify several Top Shorts today.
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Top Stocks To Buy As Markets React To Infrastructure Plan From a potential breakthrough with COVID-19 treatments to news of a $1 trillion infrastructure bill, hope is the common denominator and driving force behind the markets' current rally. Our deep learning algorithms have p...
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Treasury Yields Slip as Investors Monitor Coronavirus Cases

Wall Street Journal - 17 Jun 2020 18:56
U.S. government bond prices edged higher Wednesday, reflecting continued anxiety among investors about the economy as some parts of the U.S. and China report an increase in coronavirus cases.
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Housing Recovery Is Still on the Drafting Board

Wall Street Journal - 17 Jun 2020 18:25
The sharp rebound in building permits, and the disappointing one in housing starts, underscores the difference between planning to build something and building it.
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Regional Bank Stocks Vulnerable As Credit Risk Looms Amid Coronavirus Resurgence With COVID-19 economic uncertainty as well as geopolitical stress, we are concerned about the potential credit breakdown and default impact in CLOs as bankruptcies increase in number. We recommend keeping an eye out for ...
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Verizon vs. AT&T: Which Is Better?

Forbes - 17 Jun 2020 17:30
Verizon vs. AT&T: Which Is Better? Verizon stock (NYSE: VZ) is up almost 22% in a little over the last three years, when the stock price increased from $46 at the end of 2016 to $56 as on 15th June 2020. That's good for Verizon. But wait a minute, AT&T st...
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This Mouse House Is Undervalued, Says Appraiser

Wall Street Journal - 17 Jun 2020 17:30
Disney is reportedly locked in a legal battle over the value of its Florida properties.
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Elon Musk Mocks Nikola Motors As "Staggeringly dumb." That's the latest insult Elon Musk threw at Nikola Motors (NKLA).
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Good News? Florida Is Having An Explosion Of Covid-19 Cases, But Fewer Deaths Florida's Department Of Health just fired the person in charge of Covid-19 data, who claims it was because she pushed back against massaging the numbers. Nevertheless, official data shows a huge spike in cases. The good ...
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The Winners Of The Work-From-Home Boom

Forbes - 17 Jun 2020 16:47
The Winners Of The Work-From-Home Boom The workplace in America will likely never look the same. While many of the firms that stand to benefit the most have high valuations, future pullbacks in today's volatile market environment will offer investors opportun...
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PG&E Pleads Guilty To 84 Deaths As Part Of Bankruptcy Plan Hope was injected into the markets this week with the Federal Reserve's expansion to corporate bond purchasing, but there's still much uncertainty for the economy that is slowly reopening in the midst of a global pandemi...
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