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Market News

Location American Market News for 31 July 2020

Big Tech's Embarrassment of Riches

Wall Street Journal - 31 Jul 2020 01:09
Amazon, Apple, Facebook and Google all show resilience during the coronavirus pandemic while undergoing congressional scrutiny.
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China Has 1 Trillion Reasons To Pray Trump Is Defeated That's how many U.S. dollars Xi's government is stuck with as Trump takes a wrecking ball to the reserve currency.
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As $600 Weekly Unemployment Benefits Expire, Here's The Latest On When More Relief Could Come Bitterly divided lawmakers failed to reach a deal on the benefits this week.
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The company declined to issue guidance for the second quarter in a row, but said on a call with analysts that it expects iPhone supply in the fall to be delayed for a few weeks.
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Trump Blasts Democrats For Holding Up Stimulus Checks--But That's Not How It Works The IRS won't cut checks until legislation is passed, and politicians are nowhere close to a deal.
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Ignore GDP Plunging 33%. Pay Attention To The 9.5% Decline. While the economy recorded its worst ever decline in the June quarter at 32.9%, it is important to understand how it was calculated. Looking at the year-over-year drop of 9.5% is important as it helps to take out some of...
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Private-Equity Firms Discuss Bid for Kansas City Southern

Wall Street Journal - 31 Jul 2020 21:44
A group of big buyout investors is considering a takeover bid for railroad operator Kansas City Southern that could be worth more than $21 billion and mark a big bet on U.S.-Mexico trade.
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Exxon Dividends: Jam Today, Jammed Tomorrow?

Wall Street Journal - 31 Jul 2020 21:00
The oil giant can manage its dividends, but it comes at a long-term cost that may not seem immediately apparent.
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Expedia Needs to Budget for This Trip

Wall Street Journal - 31 Jul 2020 20:46
Expedia's Chief Executive Officer Peter Kern said the second quarter was "likely the worst quarter the travel industry has seen in modern history."
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Crispin Odey, one of Europe's best-known hedge fund managers, has been charged with indecent assault by U.K. prosecutors.
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Top Stocks To Short Today As Dow Drops F0llowing Apple Earnings Apple's stock rallied after reporting exceptional earnings. This adds to the plethora of strong earnings reported by big tech companies. If you think that the market has gotten ahead of itself, our deep learning algorith...
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Best Stocks To Buy Today As Tech Rally Boosts Nasdaq Performance Consumer sentiment continues to slide as the count of coronavirus cases keeps increasing in the U.S., putting the economic recovery in doubt. Spending is likely to slow down as more people opt to save and stay at home. O...
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Video Chat Gets an Afterlife

Wall Street Journal - 31 Jul 2020 17:09
Death tech startup AFTR offers cameras with two-way audio streaming to ensure "an eternal connection" with loved ones.
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Interview With Idealab And Heliogen Founder, Bill Gross We sat down with Idealab founder, Bill Gross, to talk about his new ventures - Heliogen and Energy Vault - and his views on building and funding companies that can transform our economy to adapt to and mitigate the effec...
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Fintech Varo Money Gets Green Light to Become Bank

Wall Street Journal - 31 Jul 2020 16:50
Financial-technology firm Varo Money said it had received a national bank charter, clearing the final hurdle in its quest to become a bank
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A Perfect Day At The Plate; FAANGs Deliver Blowout Quarters, But Broader Market Shrugs The market doesn't look like it's getting too big a lift from the strong FAANG results last night. One question is whether their momentum can translate, and so far, that doesn't seem to be happening. Still, the FAANGs se...
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What's Next For Mohawk Industries' Stock After A 45% Rise? After a 45% rise since the March lows of this year, at the current price of around $85 per share (as of July 29th), we believe Mohawk Industries stock has reached its near term potential. The flooring products manufactur...
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Detroit Passes Its Covid Road Test, Volkswagen Flunks

Wall Street Journal - 31 Jul 2020 15:47
To test a car, there are off-road tracks, tight bends and steep hills. To test a car maker, there are financial crises, pandemics and technology transitions.
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Morgan Stanley Has Upside

Forbes - 31 Jul 2020 15:30
Morgan Stanley Has Upside Morgan Stanley stock lost more than 44% - dropping from $50 at the end of 2019 to around $28 in late March - then spiked 83% to around $51 now. This means that the stock has touched the level seen at the end of 2019. The...
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Mitt Romney Proposes To Extend Unemployment Benefits Sen. Mitt Romney proposes to extend weekly unemployment benefits for three months.
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Wells Fargo unloaded hundreds of millions of dollars of assets during this spring's market collapse to stay out of trouble with the Federal Reserve.
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The Great American Housing Boom Has Begun

Forbes - 31 Jul 2020 15:00
The Great American Housing Boom Has Begun What if I told you that US housing is one of the best money-making opportunities today?
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