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J.P. Morgan is betting these stocks will dominate as an uncertain second-half of the year looms

June 30, 2020

Stocks are wobbling on the last trading day of the quarter, as the World Health Organization warns “the worst has yet to come” with COVID-19. But up around 16% and 18% respectively, the Dow DJIA, +2.32% and S&P 500 SPX, […]


Orders for US big-ticket factory goods surge 15.8% in May

June 25, 2020

WASHINGTON — Orders to American factories for big-ticket goods rebounded last month from a disastrous April and March as the U.S. economy began to slowly reopen. The Commerce Department said that orders for manufactured goods meant to last at least […]


Businesses are set to spend big on cloud this year, but not security

June 17, 2020

Category: Security

Businesses are prepared to lay out major investment in cloud technology and systems this year, new research has claimed. Cloud spending has soared in 2020 so far due to the increased need for remote working capabilities brought on by the […]


Finance Tech, Trading

Global stocks rise on vaccine hopes, ahead of US jobs data

July 2, 2020

Via: ABC News

BEIJING — Global stock markets and Wall Street futures rose Thursday on hopes for the development of a coronavirus vaccine and ahead of the release of monthly U.S. jobs data. Investors were encouraged after Pfizer and BioNtech announced preliminary data […]


Financial Services, Industries

Disappearing cash scares consumers in COVID-19 era

July 2, 2020

Via: USA TODAY

A social media storm kicked up late Saturday and Sunday as Chase banking customers panicked when it seemed as if money suddenly vanished from their bank accounts. Some consumers who expected to be paid Friday via direct deposit claimed during […]


Capital, Finance Tech

Jeff Bezos’s net worth hits a new high after recovering losses from divorce

July 2, 2020

Via: Fortune

Jeff Bezos’s net worth has smashed through its previous peak, even after he relinquished a quarter of his stake in Amazon.com Inc. as part of a divorce settlement last year. Shares of the Seattle-based retailer surged 4.4% to a record […]


News

Economy’s second-half comeback is now threatened by coronavirus resurgence

July 1, 2020

Via: CNBC

As the economy moves into the second half of the year, economists expect to see a bounceback, but the resurgence in Covid-19 threatens to make that rebound less potent than expected. More than a dozen states have now paused or […]