Top

Finance Tech, Trading

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

June 30, 2020

Via: Market Watch

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, […]


Financial Services, Industries

Wells Fargo Breaks Rank With Wall Street and Cuts Its Dividend

June 30, 2020

Via: TheStreet

Wells Fargo (WFC) – Get Report announced it will cut its dividend, breaking rank with all of Wall Street’s other big banks, following the Federal Reserve’s move to set new restrictions on dividend payouts to shareholders. The fourth-biggest U.S. bank […]


Finance Tech, Trading

Global shares mixed amid worries over virus impact on growth

June 30, 2020

Via: ABC News

TOKYO — World shares were mixed on Tuesday, with European benchmarks falling after a day of gains in Asia that carried over from a rally on Wall Street. Asian shares were buoyed by stronger than expected manufacturing data from China. […]


Finance Tech, Liquidity

Gold futures inch near psychologically important $1,800 price

June 29, 2020

Via: Market Watch

Gold futures on Monday headed higher as the dollar softened and as evidence of a rapid spread in coronavirus cases supported bullion buying to start the week. “Lingering risks across the global risk markets and sliding sovereign yields continue pushing […]


Finance Tech, Liquidity

The Fed reveals which companies make its corporate-bonds shopping list

June 29, 2020

Via: Fortune

The Federal Reserve on Sunday released a list of roughly 750 companies, including Apple, Walmart and ExxonMobil, whose corporate bonds it will purchase in the coming months in an effort to keep borrowing costs low and smooth the flow of […]


News

Consumer sentiment slips in late June as confidence in U.S. economic policies slumps to Trump-era low

June 26, 2020

Via: Market Watch

Americans turned slightly more cautious about how quickly the economy will recover from the coronavirus in late June as confidence in Washington’s policies fell to the lowest level during the Trump presidency, according to a closely followed survey of consumer […]


Industries, Retail & Wholesale

Amazon dominates e-commerce during the pandemic—but Walmart is catching up

June 26, 2020

Via: Fortune

The pandemic, and Americans’ turn to e-commerce during it, have hastened the death of brick-and-mortar. J. Crew, Neiman Marcus, JCPenney, and Pier 1 Imports have all announced their file for bankruptcy since the onset of the virus. E-commerce isn’t just […]


Industries, Manufacturing

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

June 25, 2020

Via: ABC News

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 […]


Industries, Retail & Wholesale

Macy’s cutting another 20% of corporate jobs as coronavirus pummels sales

June 25, 2020

Via: Fortune

The fallout of the sales collapse at Macy’s brought on by the COVID-19 pandemic continued on Thursday as the department store chain announced thousands more job cuts. Macy’s, the largest U.S. department store company, said it was eliminating some 3,900 […]


Industries, Retail & Wholesale

GNC is the latest retailer to file for bankruptcy, closing up to 1,200 stores

June 24, 2020

Via: Fortune

Add GNC to the list of retailers too fragile to withstand the stress on their business from the COVID-19 pandemic. GNC’s parent company, GNC Holdings Inc., filed for Chapter 11 bankruptcy protection late Tuesday, and the health and wellness retailer […]