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Market News

Location American Market News for 12 August 2020

The Real Winner of the Veepstakes Might Be Susan Rice

Wall Street Journal - 12 Aug 2020 16:57
Kamala Harris is the Democratic vice presidential candidate, but Susan Rice probably made a lot more money this month.
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Investors Shun Treasurys Ahead of Massive Debt Sale

Wall Street Journal - 12 Aug 2020 15:18
Investors sold U.S. Treasury bonds in anticipation of a wave of new government debt becoming available this week, sending long-term yields to their highest level in over a month.
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Grubhub's Merger Partner Needs to Defend Its Lunch

Wall Street Journal - 12 Aug 2020 15:59
For Just Eat Takeaway.com, the opportunity presented by the Covid-19 pandemic may be better understood than the threat.
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This European Digital Bank Is Prospering in the Pandemic

Wall Street Journal - 12 Aug 2020 11:30
Shares of an Italian internet bank which doesn't operate a traditional branch network are soaring, bucking a broader downward trend.
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The Wall Street firm is among a small number of bidders for the auto maker's credit-card business, which has about $3 billion in outstanding balances, according to people familiar with the matter. Barclays is also in the...
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3 Ways To Hedge Your Stock Portfolio In Today's Crazy World Some obvious...and not so obvious routes to dampen volatility Whether you are a "90%er" (90% of the way toward the assets you need to retire), or just starting out, many investors don't like to take big risks.
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Not A Single State Has Said It Will Pay Another $100 Per Week In Unemployment Under Trump's Plan Struggling states are already facing budget shortfalls of more than 20% in the current fiscal year.
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Tesla to Enact 5-for-1 Stock Split

Wall Street Journal - 12 Aug 2020 00:44
Tesla Inc. said it would enact a 5-for-1 stock split after a share-price surge over recent months vaulted the electric-vehicle maker to the status of most-valuable car company as Chief Executive Elon Musk navigated the p...
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Zynga's Stock Just Doubled. 4 Reasons Why It Can Double Again Zynga Inc. is a provider of social game services and the stock has almost doubled since the March 2020 low and is showing no signs of slowing down. The company recently reported its second quarter June 2020 earnings and ...
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Cisco now expects the fourth consecutive quarter of revenue declines, hurt in part by the coronavirus pandemic.
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Second Stimulus Negotiations Appear To Be At A Standstill, Here's What Could Happen Next Stimulus negotiations are moving slower than ever. Here's what might come next.
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S&P 500 Nears New Record High Amid Coronavirus Vaccine Optimism The Dow also jumped 300 points.
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Citizens Financial Group Shares Cross 6% Yield Mark In trading on Wednesday, shares of Citizens Financial Group were yielding above the 6% mark based on its quarterly dividend (annualized to $1.56), with the stock changing hands as low as $25.82 on the day.
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Does Buffett Deserve His Market Premium?

Forbes - 12 Aug 2020 21:16
Does Buffett Deserve His Market Premium? Next couple of years, I'd expect Berkshire Hathaway's 20% premium over asset value to melt away. What could make me wrong? Outperforming the S&P 500 Index would be a starter along with recovery in operating earnings for ...
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The coronavirus pandemic will have an even bigger impact on the global economy and its demand for oil than previously expected, OPEC said.
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U.S. Corn Supply Grows on Record Crop Yield

Wall Street Journal - 12 Aug 2020 20:38
USDA projects corn production in 2020 to further expand thanks to good growing weather in the Midwest.
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Wall Street's warm welcome to Joe Biden's running mate reflects a belief that tougher financial regulation isn't a top priority.
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U.S. Oil Refiners Accelerate Shift to Renewables in Downturn

Wall Street Journal - 12 Aug 2020 19:21
Phillips 66 plans to convert a San Francisco-area oil refinery into a biofuels plant, the oil industry's latest move amid depressed fuel consumption and growing U.S. regulatory pressures.
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How much tax do you pay on your bond investments?

livemint.com - 12 Aug 2020 18:57
Among debt instruments in India, there are various types of bonds available, with different features--duration, tax benefits, coupon rates, and lock-ins.Take a look at the applicable taxation before investing
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Gold is either a tactical call to book profits on swift price increase or to hedge long-term portfolios from equity market falls
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This will fundamentally change consumer behaviour towards remote and digital interaction, as they can see the benefits
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Top Stocks To Short Today As Markets Rally After Tuesday's Late Drop The economic recovery would be seen greater if there was something to combat COVID-19. Today, big tech recovered some losses, with the Nasdaq well in the green just under 2% this morning. Our AI and deep learning algorit...
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