Market News
Hand Sanitizer's Clean Image Gets Soiled
Wall Street Journal - 25 Jun 2020 15:42
Exercise caution; otherwise hand sanitizer can do more harm than good.
New Surge In Coronavirus Cases Raises Investor Concern About Economy Reopening
Forbes - 25 Jun 2020 15:38Deserted Resorts & Casinos: Does MGM Have Enough Cash To Survive?
Forbes - 25 Jun 2020 11:30Albertsons Prices IPO Below Expectations in Downsized Deal
Wall Street Journal - 25 Jun 2020 23:57
Albertsons priced its initial public offering below expectations and its existing shareholders sold fewer shares than planned, marking a stumble for the IPO market after it had been revived by a string of strong offering...
Wells Fargo Gets Dinged, but Others Might Follow
Wall Street Journal - 25 Jun 2020 23:44
The Federal Reserve largely gave a pass to the biggest U.S. banks while still finding a way to subtly single out Wells Fargo. Bank shareholders still shouldn't assume their dividends are assured for much longer.
Airline Industry Turbulance Continues Amid Coronavirus Pandemic: What Does The Future Hold?
Forbes - 25 Jun 2020 23:17Federal Reserve Places New Restrictions On Banks, Freezing Stock Buybacks And Limiting Payouts
Forbes - 25 Jun 2020 23:05BlackRock Cuts Fees for Its Largest ETF to Match Vanguard
Wall Street Journal - 25 Jun 2020 23:00
The investment giant disclosed that it lowered the price investors pay for an exchange-traded fund that tracks the S&P 500 to $3 on every $10,000 invested, from $4.
Fed Stress Test Finds U.S. Banks Healthy Enough to Withstand the Coronavirus Crisis
Wall Street Journal - 25 Jun 2020 22:30
In its annual stress test, the Fed said the nation's biggest banks are healthy but could suffer 2008-style losses if the economy languishes. It ordered them to cap dividends and halt buybacks to guard against soured loan...
Let's Hope I'm Too Pessimistic
Forbes - 25 Jun 2020 21:44I'm From The IRS, And I'm Here To Help. No Really!
Forbes - 25 Jun 2020 21:22
As part of an extraordinary effort by the Government to nurse us through the pandemic, the IRS has further relaxed rules on Required Minimum Distributions (RMD) for IRAs, 401(k)s or any other defined contribution plan.
Exchanges Get Discretion to Police Technology Glitches
Wall Street Journal - 25 Jun 2020 20:48
Futures exchanges would be expected to create defenses against disruptive technology failures, but might not have to upgrade current policies under a proposal issued by the Commodity Futures Trading Commission.
George Floyd, Robert E. Lee, BLM Global - And The Economics Of Diversity
Forbes - 25 Jun 2020 20:44The Small Canadian Province That Could Lead The Future Of Energy
Forbes - 25 Jun 2020 19:39Here's An Argument That Stocks Should Be Even Higher
Wall Street Journal - 25 Jun 2020 19:24
Valuations are already the highest since the dot-com bubble, but with zero interest rates locked in and Treasury yields on the floor, financial models could support much higher valuations for the safest stocks.
The Trump Administration Sent $1.4 Billion In Stimulus Checks To Dead People
Forbes - 25 Jun 2020 19:22NYSE Set to Host Albertsons IPO With Coronavirus Restrictions
Wall Street Journal - 25 Jun 2020 19:21
The New York Stock Exchange is looking to show it's back in business as it hosts the initial public offering of Albertsons Cos., the first major IPO since its famed trading floor reopened.
How Serious Are These Covid-19 Spikes For The Market?
Forbes - 25 Jun 2020 18:56Top Stocks To Buy Today As Markets Continue To Pull Back
Forbes - 25 Jun 2020 18:56Virus Surge, Jobs Report Fuel Government-Bond Buying
Wall Street Journal - 25 Jun 2020 18:48
Fears about a second wave of coronavirus cases prompted investors to seek safety in Treasurys and to sell bonds of companies in industries most impacted by economic shutdowns.
A PF account can become inoperative in the event of no fresh contribution
livemint.com - 25 Jun 2020 18:42
Post the account turning inoperative (the next month of her leaving the employment), the interest accrued to the account becomes taxable on an accrual basis and is to be shown as income from other sources at the time of ...
Home-Cooking Trend Is Mixed Bag for Spice Giant
Wall Street Journal - 25 Jun 2020 18:31
Consumers have been stocking up on McCormick's spices, dry baking mixes and other pantry staples. Its restaurant customers are another story.