Tag: Featured

July 2, 2020

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 […]

July 1, 2020

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 […]

June 30, 2020

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 […]

June 29, 2020

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 […]

June 29, 2020

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 […]

June 24, 2020

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 […]

June 24, 2020

TOKYO — Global stock markets turned lower on Wednesday amid fears over surging coronavirus cases in various parts of the world. While economic data is pointing to a recovery from the spring lockdowns that are being eased in many countries, […]

June 23, 2020

The stock market could be in trouble after its historic surge from the late-March lows as valuations become increasingly elevated, data compiled by RBC Capital Markets showed. The S&P 500′s trailing price-to-earnings ratio, a widely used valuation metric, is currently […]

June 23, 2020

WASHINGTON — Sales of new homes rose a surprisingly strong 16.6% in May with the reopening of major parts of the country potentially fueling activity in the housing market. The Commerce Department reported Tuesday that sales of new single-family homes […]

June 22, 2020

Oil futures on Monday headed lower amid rising cases of the COVID-19 pandemic, but the improved outlook for long-term global demand has sparked one major investment bank to raise price targets for the commodity for this year and the next […]