Kevin O’Leary told CNBC on Friday the coronavirus crisis has shown that remote working is good for employees and a business’s bottom line. “Productivity is significantly higher when you give people what they want,” the “Shark Tank” investor said on “Squawk Box.” ”Maybe they’re taking care of an aged parent, maybe they’re raising kids, maybe they don’t want to
Month: May 2020
Hong Kong, 30 May, 2020 – ViaBTC Group, an innovative technology company specialized in blockchain and dedicated to providing users with comprehensive digital asset management services, today announced a strategic upgrade, which included a new organizational structure, product innovations and service improvements. As part of the change, the Group has established three dedicated business units
Coronavirus covid-19 One Dollar Bill With Medical Face Mask George Washington Getty Tens of thousands of American businesses have collectively borrowed over $511 billion dollars under the Paycheck Protection Program. These loans are non-recourse, require no collateral and bear interest at only 1%. Below, we describe the 8 changes that the Bill would make. Better yet,
The municipal bond market saw $27.99 billion of volume in May as overall issuance has slowly but surely started increasing as the industry recovers from the coronavirus fallout that began in March. The 4.2% drop-off in volume compared to the same month in 2019 resulted in the lowest May volume since 2014 when the market
In an investment presentation given by Goldman Sachs on Wednesday, Goldman listed a number of reasons why they think Bitcoin is not an asset class. The presentation said that not only was Bitcoin “not an asset class,” but that it also lacked the attributes of being a “suitable investment” at all. In Goldman’s presentation, it
CNBC’s Jim Cramer on Thursday recommended investors continue adding the remote work plays to their investment portfolios as the stocks pull back. “These stocks have been big winners since the bottom in March, and while many of them have fallen out of favor this week, I think that’s temporary,” the “Mad Money” host said after
The Hong Kong government has condemned Donald Trump’s threat to revoke the territory’s special trade privileges after Beijing moved to impose anti-subversion laws on the Asian financial hub. The US president unveiled a sweeping range of actions on Friday targeting Beijing and Hong Kong, which included plans to sanction government officials and to revoke the
Four members of the UK government’s scientific advisory group Sage have expressed concern over Boris Johnson’s move to further relax England’s lockdown from Monday, saying it may be premature and risks a resurgence of infections. They spoke out as the government pressed ahead with relaxation of coronavirus lockdown measures despite its own advisers and independent
A popular ETF that uses complex derivatives to track oil is being investigated by U.S. regulators over whether its risks were properly disclosed to investors, scrutiny triggered by crude’s historic slump during the coronavirus crisis, said three people familiar with the matter. The SEC and the Commodity Futures Trading Commission have both opened probes into
Natural gas prices moved lower on Friday, despite a 2-rig drop during the current week. Prices pushed through support but rebounded to close above support levels. The weather is expected to be warmer than normal for the next 2-weeks throughout the middle of the United States. A weaker than expected Chicago PMI also weighed on
Very big trouble is bubbling over in Hong Kong with the Chinese Communist Party’s (CCP) crackdown of Hong Kong… Greg Hunter gives The Weekly News Wrap-Up for Friday, May 29th, 2020 Very big trouble is bubbling over in Hong Kong with the Chinese Communist Party’s (CCP) crackdown of Hong Kong. The CCP has passed a
New research by cybersecurity firm, Cyble Research Team, revealed that on May 29, data for more than 80,000 credit cards were put up for sale on the dark web. The data from these cards appears to have been gathered from various countries around the world. According to the announcement, the data leak involved credit card
Roku (ROKU) shares are down by 18% since the turn of the year. Yet, 5-star Needham analyst Laura Martin says the bullish case for ROKU is viable. Addressing recent concerns regarding Roku’s relationship with smart tv partner TCL, Martin deftly swats them away. Fears that Roku is getting more out of the relationship than its partner have
Check out the companies making headlines before the bell: Big Lots — Big Lots is the latest discount retailer to report a strong quarter amid the pandemic, earning an adjusted $1.26 per share compared with a 40 cent consensus estimate. Revenue exceeded forecasts as well, with same-store sales jumping 10.3% compared with a 1% FactSet
DNI John Ratcliffe has released the transcripts and FBI generated summaries known as “CR cuts” from the telephone calls between incoming National Security Advisor Michael Flynn and Russian Ambassador Sergey Kislyak. [pdf version here]. A fast review of the transcripts (also embed below) shows there was nothing inappropriate or improper about the conversations at all.
The housing market in Austin, Texas, is quickly rebounding from the effects of the coronavirus. Getty As mortgage applications, price appreciation and slowly growing new listings indicate that the national real estate industry is finally mending from the coronavirus, some housing markets are charting faster and stronger recoveries than others. The reasons why some cities
A customer exits a Wells Fargo & Co. bank branch in Hermosa Beach, California. Patrick T. Fallon | Bloomberg | Getty Images Despite record-high unemployment and massive economic fallout from the coronavirus pandemic, fewer homeowners appear to be struggling to make their monthly mortgage payments now than at the start of the crisis. The number
Bitcoin (BTC) average transaction fees dropped by nearly 60% in the last week, as the number of transactions queuing up to be processed on the network eased. According to data from Bitinfocharts, the cost of making a transaction over the Bitcoin blockchain fell to around $2.61 on May 28, down from just over $6.28 six
Getty In last week’s article, we went over the wealth transfer from generation-to-generation and how proper estate planning can be crucial. That is why the generation of people with ages in the range of 70 to 90 is prime for taking advantage of proper estate planning techniques. Many of them were the first in their families
Spending by U.S. consumers fell a record 13.6% in April as the COVID-19 pandemic slashed demand for goods and services. The Labor Department reported on Friday that personal consumption expenditures fell $1.89 trillion last month while personal outlays dropped $1.91 trillion. Real personal consumption expenditures decreased 13.2%. The PCE price index fell 0.5%; excluding food
The rules for SIMPLE IRAs state that employees who participate in this type of tax-deferred retirement account may not transfer funds to another retirement plan for two years after opening a SIMPLE account. What does this mean, though, if you leave the company within two years, but your new employer does not offer a SIMPLE
CNBC’s Jim Cramer said Friday he’s concerned the stock market’s rally from its March lows may run out of steam unless Congress approves additional coronavirus relief measures. “Without another package, I know it’s trillions of dollars, we’re just going to kind of sputter out,” Cramer said on “Squawk Box.” ”I get worried. It’s just too many people that
The former Minneapolis police officer who knelt on George Floyd’s neck before his death on Monday has been arrested on murder and manslaughter charges, local authorities announced on Friday after days of protests and riots. Derek Chauvin, who was fired by the Minneapolis police department this week along with three others, was taken into custody
News you might have missed The US plans to revoke special trade privileges for Hong Kong and sanction officials from the territory and mainland China, worsening relations between Washington and Beijing that were already strained amid the pandemic. Donald Trump, the US president, announced several measures targeting China on Friday after Beijing moved to impose
The FPA is replacing its CEO of eight years. The association, which has begun the hunt for a new leader, has experienced declining membership and criticism of some initiatives. Lauren Schadle had worked at the association since the 2000 merger of the Institute of Certified Financial Planners and the International Association for Financial Planning that
Q1 2020 Great Panther Mining Ltd Earnings Call VANCOUVER May 29, 2020 (Thomson StreetEvents) — Edited Transcript of Great Panther Mining Ltd earnings conference call or presentation Friday, May 8, 2020 at 2:30:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Jim A. Zadra Great Panther Mining Limited – CFO & Corporate Secretary
Once the pool of greater fools dries up, stocks crash regardless of what the Fed does or bleats… by Charles Hugh Smith via Of Two Minds Once the pool of greater fools dries up, stocks crash regardless of what the Fed does or bleats. The conventional view is the Federal Reserve creating trillions of dollars out of
China’s biggest port operator, China Merchants Port, reached a deal on May 28 with the e-commerce giant, Alibaba Group, and its affiliate, Ant Financial. This deal will allow for the development of a blockchain-based platform, which will target a number of different use cases. According to local media, the platform will allow buyers, sellers, logistic
It began with a tweet. On Tuesday, President Donald J. Trump tweeted out a complaint blasting the concept of “Mail-In Ballots” as “substantially fraudulent,” liable to be “forged & even illegally printed out & fraudulently signed,” leading to “a Rigged Election.” Things might have ended there — just another Presidential rant in a series of
A family wearing masks passes the New York Stock Exchange, Tuesday, May 26, 2020. Mark Lennihan | AP The big rotation into unloved stocks, like banks, small caps and airlines, took a break Friday, but it could be a theme that dominates trading again in the week ahead. Investors will be assessing the progress of
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