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Market News

Location American Market News for 10 July 2020

Indian Bank Hit By Third Huge Fraud

Wall Street Journal - 10 Jul 2020 08:56
One of India's biggest state-run banks said it had fallen victim to its third multimillion-dollar fraud in as many years, a stark illustration of the bad debts and weak defenses against misconduct that plague the country...
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It's getting harder to bet on a strong economic recovery. The wave of states opening up their economies has directly resulted in a wave of new coronavirus infections.
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Dallas Fed President: Economy Would 'Grow Faster' With A Mask Mandate, Unemployment Would Fall Experts agree: Goldman Sachs has said a mask mandate could prevent the loss of $1 trillion for the U.S. economy.
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Jane Schwartzberg, managing director at UBS wealth management, wants women to understand and take ownership of their finances.
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Oxy's Sweetener a Bitter Pill for Warren Buffett

Wall Street Journal - 10 Jul 2020 13:00
Occidental Petroleum's surprise gift to shareholders such as Carl Icahn dents the value of the company's lifeline from Berkshire Hathaway last year.
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Don't Fret 2Q Earnings: This S&P 500 Will Continue To Rise The precipitous fall expected in 2Q20 earnings significantly understates the true, core earnings of U.S. companies. There's upside left in this market.
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Coca-Cola's Stock At $45: More Gains?

Forbes - 10 Jul 2020 15:30
Coca-Cola's Stock At $45: More Gains? Coca-Cola stock has gained more than 20% since late March (vs. about 41% for the S&P 500) to reach to its current level of $45. This is after dropping to a low of $38 in late March, as a rapid increase in the number of C...
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Top Stocks To Short As Dow Jumps 300 Points

Forbes - 10 Jul 2020 20:50
Top Stocks To Short As Dow Jumps 300 Points If you're wondering how markets are still surging in light of record-breaking coronavirus cases, our deep learning algorithms paired with Artificial Intelligence ("AI") technology has you covered with the Top Shorts toda...
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Worse Than Covid-19? China And Kazakhstan Disagree Over China: a new pneumonia has been found. Kazakhstan: not it hasn't. But...
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Food Delivery's Next Meals Won't Come Cheap

Wall Street Journal - 10 Jul 2020 12:00
Investors who are hungry for near-term price rationalization in the industry could get smoked.
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AI Models Rank QQQ ETFs are moving from a main staple to one of several courses. But that doesn't mean that they're a guaranteed investment in any economy. Our artificial intelligence program dug into our data and determined the top Tech E...
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Ample Supplies of Grain Run Up Against Weak Demand

Wall Street Journal - 10 Jul 2020 21:18
U.S. farmers are expected to grow large corn and soybean crops this year--but it is unclear if an economy recovering from coronavirus will be strong enough to consume the harvest.
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Best Stocks To Buy As Gilead's Coronavirus Treatment Drives Rally Markets, hopeful of a cure for COVID-19, responded warmly today at a rare glimpse of potentially good news. If you're looking for somewhere to put your investment money, our deep learning algorithms have used AI technolo...
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Worried About An Expensive U.S. Market? Consider These Four Strategies By many measures the U. S. stock market appears richly valued. Here are four options for investors to react to that.
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The Great Travel Depression? Hotels, Cruise Lines, Airlines Prepare To Open Q2 Books For much of the first half of this year, consumers stuck at home as the coronavirus circled the globe. Many people only dreamed of taking off to faraway lands or cruising across oceans and seas to exotic locales, while t...
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Teens Revolt Against Trump TikTok Ban Threats The Trump 2020 app is a casualty of war ... it's now sitting at an abysmal 1.2 out of five stars.
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Here's What Was Inside The Government's Massive PPP Data Dump The Trump administration finally released details about which businesses received emergency aid, from Kanye's Yeezy brand to the Catholic Church.
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Seagate Has Been Outperforming Western Digital, But Is The Tide Turning? The stock price for Seagate is up roughly 27% since the beginning of 2018. In comparison, Western Digital has seen its stock drop by 42%% during the same period. The difference in the stock price growth makes sense when ...
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India Goes All In On 'Boycott China'

Forbes - 10 Jul 2020 16:37
India Goes All In On 'Boycott China' Some in India see shaming China as good for business.
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Barrick Gold Looks Undervalued Despite 70% Recovery Despite an impressive 70% rise since the March 13 lows of this year, at the current price of around $27 per share, we believe Barrick Gold stock has more upside left. GOLD's stock has increased from $16 to $27 off the re...
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Bloomin' Brands Offers More Than Just Sizzle Investors who look past the temporary slowdown in business can still find great value long term.
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Stocks Cut Losses After Gilead Says Remdesivir Coronavirus Treatment Reduces Risk Of Death The market opened flat as investors weigh a recent spike in new cases with positive vaccine news.
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