Bloomberg | Bloomberg | Getty Images Check out the companies making headlines after the bell. Salesforce.com — The enterprise software provider’s stock dropped 3% in extended trading after the company provided its first-quarter financial results. Salesforce.com said it had earnings of 70 cents per share excluding some items on revenue of $4.87 billion, while analysts
Month: May 2020
By Alex Kimani It’s more than a month since the oil markets sunk to a nadir in the mother-of-all market routs. Since then, oil prices have staged an impressive recovery, especially from WTI’s negative trade zone visited on April 20. There’s real optimism in the air with the formidable headwinds of a massive supply glut
Mall of America will reopen on June 1st, with many health and safety considerations for its local, … [+] state and international guests. Unfortunately, one challenge is out of MOA’s control. Sanford Stein As the 5.6 million square foot Mall of America prepares to reopen on June 1, it is contending with challenges that correspond
A car dealer wearing a protective mask walks through the showroom at a Ford Motor Co. car dealership in North Brunswick, New Jersey, U.S, on Wednesday, May 20, 2020. Angus Mordant | Bloomberg | Getty Images Wealthy consumers plan to pull back on their spending, despite seeing little impact from the pandemic on their incomes
JPMorgan Chase has reportedly agreed to pay $2.5 million to settle a crypto class-action lawsuit. Originally filed in 2018, the suit alleges that the bank overcharged customers for buying cryptocurrencies using Chase credit cards, classifying the purchases as cash advances. JPMorgan Settles a Crypto Class Action Lawsuit JPMorgan Chase allegedly overcharged its customers who bought
Photographer Frank Gallagher Courtesy of Frank Gallagher Why are so many Americans over 65 self-employed? If you’re thinking the answer lies in Nelly’s lyrics, “Hey, must be the money!” you are mistaken. At least that’s what three researchers found in their recent research looking at self-employment and contract work by age. “In some cases, financial
The municipal bond market was steady Thursday amid the pricing of several new issues, including a low-rated Guam Waterworks $134 million deal. Despite the market’s recent firmness, however, a real sense of caution is coming into play. Some sources say the municipal market needs to begin pricing in downside risk from the coronavirus-led revenue losses
Copycat investing, as the name implies, refers to the strategy of replicating the investment ideas of famous investors or investment managers. The strategy is also known as coattail investing since the investor rides on the coattails of those who presumably have much more investment prowess. But is copycat investing a viable investment strategy? While the
Mohamed El-Erian told CNBC on Tuesday that there was “good news across the board” on the coronavirus battle as U.S. stock surged. Appearing on “Squawk Box,” the chief economic advisor at Allianz said he is encouraged by developments on a potential Covid-19 vaccine and the lack of a dramatic spike in new cases as states moved to reopen
US daily death toll rises by most in week Mamta Badkar in New York The daily coronavirus death toll in the US climbed the most in seven days, a further sign the pandemic is spreading outside the country’s longtime hotspots New York and New Jersey as states push ahead with plans to gradually reopen their
The bumper run in the US stock market is beginning to turn its doubters into believers, adding fresh thrust to a rally that has wrongfooted veteran investors, lured in retail traders, and defied the dire economic outlook caused by the global pandemic. The S&P 500 index of US blue-chip stocks is up more than a
Following ‘historic call volumes’ during the coronavirus pandemic, Fidelity Institutional has brought in tens of thousands of new client accounts to its custody. Fidelity Institutional, which offers custody for both broker-dealers and RIAs, opened more than 100,000 new accounts in the first three months of 2020 — a 25% increase over the year-ago period, according
Editor’s Note: Get caught up in minutes with our speedy summary of today’s must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here! (Kitco News) A deliberate mining blast reportedly destroyed one of the oldest known Aboriginal heritage sites in Western Australia. Rio Tinto, Anglo-Australian mining giant, was
The Analysis And Discussion Provided On Silverdoctors Is For Your Education And Entertainment Only, It Is Not Recommended For Trading Purposes. The Doc Is Not An Investment Adviser And Information Obtained Here Should Not Be Taken For Professional Investment Advice. The Commentary On Silverdoctors Reflects The Opinions Of The Doc And Other Contributing Authors. Your
Go to this article Posted May 28, 2020 15:05 by cmullen The New York gold market has been flipped on its head in just a couple of months, with a scramble for the metal turning into a glut. Source: New York gold traders are drowning in a glut they helped create – BNN Bloomberg
Floating Point Group, or FPG, a startup delivering institutional crypto traders automation technologies, garnered $2 million of capital from several entities. “It’s becoming clear that sophisticated quantitative traders and platform developers are viewing the cryptocurrency markets as an exciting new opportunity,” FPG CEO John Peurifoy explained in a May 28 statement. The funding goes toward expansion
Gold has shown high volatility this year as traders try to react to the coronavirus crisis. The metal started the year sedately, but began to rise in February as the crisis spread out of China. As central banks inject money into the global economy via an unprecedented qualitative easing, and cut interest rates in an
People wait on a long line to receive a food bank donation at the Barclays Center on May 15, 2020 in the Brooklyn borough in New York City. The event was organized by Food Bank for New York City and included dairy and meat items. Stephanie Keith | Getty Images Nearly 4 million people came
by: Franz Walker (Natural News) As states across the U.S. ramp up their reopenings, some are coming under fire for publishing misleading statistics or concealing information related to the Wuhan coronavirus (COVID-19) outbreak. Government officials in a number of states are now facing questions about how open and honest they’ve been on how the virus is impacting
Many homeowners want to refinance existing mortgages to take advantage of record-low interest rates. Getty Mortgage rates have been hitting record lows during the economic downturn and could fall even further. Lenders have responded to the increased economic uncertainty by raising minimum credit scores, requiring higher down payments, checking and rechecking employment status and eliminating
Trading Nation: Homebuilders surge 44% this quarter, here’s where it could be headed Jobless claims indicate Covid-19’s worst economic damage may be over—Four experts on what’s next Market is recovering faster than most investors think, Oppenheimer’s John Stoltzfus suggests Market is showing resiliency despite coronavirus risks, Oppenheimer’s John Stoltzfus says Disney moves to reopen Orlando.
During the last year, news.Bitcoin.com created a series that shows the many facts that point to certain individuals who might just be Satoshi Nakamoto and it’s been a popular run so far. Our series has covered nearly everyone, but there are still a few individuals that haven’t been covered. On May 11, 2020, the popular
We looked at longevity insurance as it applies to a sixty-five-year-old female purchasing a deferred income annuity with income starting at eighty-five. We may also consider the alternative of just waiting until age eighty-five and then buying an immediate annuity. During those twenty years, interest rates and mortality tables can change in unexpected ways, which
COVID-19-driven economic turmoil could cost Illinois $76 billion in economic output, a report from a University of Illinois task force said. “The economic disruption associated with the COVID-19 pandemic came on suddenly and is quite severe,” reads the report from the Economic and Fiscal Health Impact Group that’s part of the Task Force on the
CHICAGO (Reuters) – The COVID-19 pandemic has put a bright spotlight on weaknesses in many of the systems designed to protect Americans from risks. But with older people more susceptible to serious illness and death from the virus, the problems in our Medicare system that were evident pre-pandemic have come into especially sharp relief. FILE
The basic form of short selling is selling stock that you borrow from an owner and do not own yourself. In essence, you deliver borrowed shares. Another form is to sell stock that you do not own and are not borrowing from someone. Here you owe the shorted shares to the buyer but “fail to
Closed signs hang on a fast food restaurant amid the coronavirus pandemic on April 24, 2020 in New York City, United States. COVID-19 has spread to most countries around the world, claiming over 196,000 lives with over 2.8 million cases. (Photo by Alexi Rosenfeld/Getty Images) Alexi Rosenfeld A type of loan for small businesses impacted
The UK tax authority has accused General Electric of fraud in a $1bn dispute over tax deductions claimed by the industrial conglomerate going back 16 years. HM Revenue & Customs launched a claim against GE in 2018 arguing interest deductions claimed between 2004 and 2015 by six of its group companies, including financial services unit
Boris Johnson on Thursday confirmed plans for a phased reopening of the retail industry and schools as government scientists warned of the need to keep coronavirus under control while lockdown restrictions are eased. The prime minister also announced that from Monday groups of up to six people can meet outdoors in England, including in private
It’s not exactly a new word, but “zoom” has taken on an entirely new meaning since the beginning of the coronavirus pandemic and widespread stay-at-home orders. The Zoom videoconferencing app has become almost as pervasive as the virus itself; millions of workers, friends and family members now use it daily to communicate in as close
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