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Market News

Location American Market News for 16 July 2020

How Germany's SEC Dismissed a Decade of Warnings About Wirecard

Wall Street Journal - 16 Jul 2020 15:46
Germany's top financial supervisor received detailed warnings about deceptive financial practices at Wirecard starting in 2008 but repeatedly failed to investigate the allegations, turning instead against the accusers.
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Bank of America's trading division, similar to what rivals JPMorgan Chase and Citigroup have disclosed, helped offset the drag caused by the coronavirus pandemic.
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Putnam Fund Trims Bet on Depressed Mall Debt at Loss

Wall Street Journal - 16 Jul 2020 11:30
A Putnam Investments bond fund is under pressure from an expensive wager on America's depressed shopping malls.
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For Most, Remote Work Not Humanly Possible Despite Raging Covid-19 Pandemic The coronavirus pandemic has forced millions around the world to work remotely--yet this is a true privilege afforded all too few of us.
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Shares Of Netflix Smacked After Earnings Miss & Lowering Guidance After Thursday's close, shares of Netflix gapped down over 10% after the company missed earnings and lowered guidance.
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Iron Mountain Shares Cross 9% Yield Mark

Forbes - 16 Jul 2020 22:18
Iron Mountain Shares Cross 9% Yield Mark In trading on Thursday, shares of Iron Mountain were yielding above the 9% mark based on its quarterly dividend (annualized to $2.474), with the stock changing hands as low as $27.35 on the day.
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100 Republicans And Democrats Send Letter To IRS Asking For Fix To Stimulus Payment Problems Lawmakers haven't decided yet whether to send a second check, but Democrats support the idea and so does President Trump.
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What Recession? Trading Revenues Surge At Goldman Sachs, Morgan Stanley, JPMorgan Thanks To A Massive Market Rally Banks with a focus on trading are seeing better results than those with traditional lending offerings.
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How Banks Could Turn Covid Pain into Eventual Gains

Wall Street Journal - 16 Jul 2020 19:59
The basic business of banking in the age of Covid-19 isn't proving to be easy. But for some, there could be light at the end of the tunnel.
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U.S. Recovery Hangs in Balance

Wall Street Journal - 16 Jul 2020 18:50
The second quarter was probably the worst for the U.S. economy since at least the end of World War II, but it ended on a high note. Now the economy is approaching a crucial juncture, with its fate in the hands of local a...
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Senate Democrats Propose $350 Billion In Coronavirus Aid For Communities Of Color. Here's Exactly What That Would Look Like. Lawmakers are still sharply divided on what the next round of federal coronavirus relief should look like.
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Best Stocks To Buy As Nasdaq Struggles To Rebound The tech-heavy Nasdaq is the biggest loser among the indices, lower by over 1% as investors start to take some profits. Using our deep learning algorithms, we have identified several Top Buys today if you are looking for...
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Twitter's Biggest Strength Is Also its Core Weakness

Wall Street Journal - 16 Jul 2020 18:33
An attack by hackers highlights some troubling issues about the social-media platform, beyond mere technical vulnerabilities.
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More consumers checking credit scores amid pandemic

livemint.com - 16 Jul 2020 18:21
North India saw the highest rise in enquiries for credit reports. They were up 31% in June compared with May. South India saw an increase of 28% and west India 22%
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ATMs get covid-ready, set to go contactless soon

livemint.com - 16 Jul 2020 18:17
A prototype of a contactless ATM cash withdrawal solution is in the testing stage.The industry is working towards making ATM kiosks more friendly amid the threat of covid-19 infections
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How much a house costs in Delhi-NCR

livemint.com - 16 Jul 2020 18:11
Here is the list of average price of flats across five price bands in Delhi-NCR
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Russia Thinks It Can Have A Covid-19 Vaccine Ready By End Of Summer Russian "warp speed" sees Covid vaccine ready by late August-September.
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SYNNEX Reports 2Q20 Results; To Spin-Off Concentrix By 4Q20 The company also announced that it remains committed to spin-off Concentrix by 4Q20.
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Dominos Tastes Fine Before, During and After Pandemic

Wall Street Journal - 16 Jul 2020 17:55
Investors certainly didn't lose their taste for Domino's Pizza due to the coronavirus pandemic. The pizza-delivery giant delivered exceptional performance in its fiscal second quarter.
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Having played a role in Disney's Star Wars theme park, Virgin Galactic's new CEO now needs to make an attraction of a real spaceship.
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23 States Sue Betsy DeVos Over Student Loan Forgiveness Does this student loan forgiveness lawsuit affect you?
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Second Stimulus Check: Invest It In COVID-19's Next 2 'Megahit' Stocks Make your second stimulus check work for you. These 2 under-the-radar stocks could be the biggest post-COVID-19 "megahit" stocks.
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