India’s once squeaky-clean HDFC Bank is now facing “strategic failure” The crown jewel of India’s banking system is losing its sparkle. HDFC Bank, India’s largest private sector lender, which has in the past been praised for its squeaky clean financial records and efficient management, has been grappling with one issue after another over the last
Month: August 2020
One important thing to understand about gold is that it can be very difficult to value… by Simon Black of Sovereign Man For as long as I can remember, I’ve been a fan of Bruce Lee. I was probably about four years old when I first watched one of his movies. And I was instantly
Goldman Sachs on Monday upgraded pharma giant Merck & Co. to Buy from Hold, citing its strong pipeline and cancer drug Keytruda. Goldman analyst Terence Flynn lifted Merck’s (MRK) price target to $105 (27.2% upside potential) from $91, saying “the market seems to be underappreciating a potential opportunity of between $13 billion and $18 billion in pipeline
Bloomberg | Getty Images Check out the companies making headlines midday Monday: Nio — U.S.-traded shares of the China-based electric vehicle company jumped more than 10% after Nio reported July delivery figures. The company said that July deliveries jumped 322% year over year to 3,533 vehicles. Through the end of July the company has delivered
by Michael Snyder This is a really good time to be selling underground bunkers. The COVID-19 pandemic, civil unrest in major U.S. cities, and concern about what else may be coming have combined to create a tremendous amount of demand for “survival real estate”. In all my years of writing, I have never seen anything
Kraft Heinz Company (KHC), now the fifth-largest food and beverage company in the world, is the result of decades of takeovers in a growth strategy that shows no signs of slowing down. In 2017, the food products giant launched a $143 billion somewhat hostile bid for Unilever (UL) but eventually shelved that plan. Now with more
Australia’s Victoria increases fines for breaking Covid-19 isolation orders The Australian state of Victoria has increased the maximum fine for anyone found breaking coronavirus isolation orders to almost A$5,000 ($3,558) after hundreds of people infected with Covid-19 were found to have left their homes. Daniel Andrews, the state’s premier, said on-the-spot penalties would be increased
In late March, as Japan was slouching gloomily into the idea that Covid was not a short-term fad, the government cheered everyone up by releasing a detailed simulation of what might happen if Mount Fuji erupted. For a nation processing the insinuations of a mysterious killer disease, the prospects of a stupendous volcanic eruption and
Raymond James snapped up five former Merrill Lynch advisors who managed a collective $515 million in client assets, according to the firm. All five cited Raymond James’ technology platform as motivation for making the career change. Four of the advisors make up Evergreen Financial Partners and staff a new Raymond James office in Burlington, Massachusetts.
Before a state of emergency had officially been declared to slow the spread of the pandemic in Japan, overall activity on crypto exchanges decreased as there was a spike in fiat deposits. According to data published in March 2020 by the Japan Virtual and Crypto assets Exchange Association (JVCEA), the number of active crypto accounts
TOPLINE Facebook and Vornado Realty Trust announced Monday the social media company has closed a long-discussed deal to lease 730,000 square feet of the historic Farley Building in Manhattan, in an apparent vote of confidence as real estate firms worry that businesses won’t need expensive office space if people don’t go back to the office
2gether, a Spanish cryptocurrency trading platform, has been hacked for about $1.4 million and company executives claim that they do not have the money to repay customers. Chief executive officer Ramon Ferraz Estrada said over the course of several tweets on Monday that the breach of July 31 affected crypto investment accounts and exposed user
Learn about the features of your 401k plan when deciding how much to contribute. getty A recent opinion piece published by Bloomberg asserts that 401(k) plans no longer make sense for savers due to high fees and changes in tax laws. And just like the little girl in the classic Christmas tale, “Yes, Virginia, There
Lawyers for a bond trustee and a Missouri county will square off Wednesday before an appellate court over the legal enforceability of the county’s pledge to cover shortfalls on a $32 million industrial development bond issue. Platte County leaders decided in 2018 not to cover a $765,000 shortfall in tax revenues generated in the Zona
Silver 4 Hour Price Update Updated August 04, 2020 03:17 AM GMT (11:17 PM EST) 24.219 was the closing price of the four-hour candle for Silver, resulting in the current 4 hour candle being one in which price moved down 0.52% ($0.13) from the last 4 hour candle. Those trading within the metals asset class
Will the next decline in gold need to come back to its uptrend support? by Gary Savage of Smart Money Tracker Will the next decline in gold need to come back to its uptrend support? There is huge momentum in this market. There will be a flood of buyers into a dip-market: [embedded content]
Sorrento Therapeutics (SRNE) enjoyed yet another stellar day. Sure, there have been plenty of good weeks so far in 2020 – shares are up by a resounding 190% year-to-date. And according to H.C. Wainwright analyst Ram Selvaraju, there’s plenty more to come. Selvaraju reiterated a Buy rating on SRNE shares and boosted his price target
Nikola Motor Company Two truck Source: Nikola Motor Company Check out the companies making headlines after the bell: Virgin Galactic — Shares of the space travel company tumbled 8% in extended trading after the release of second-quarter financial results. Virgin Galactic reported a loss of 30 cents per share and an adjusted EBITDA loss of $54
by howmuch The coronavirus recession is dramatically shrinking the global economy. According to the World Bank, we are currently in the worst recession since World War II. Exactly how this will impact the standing of the largest economies is unknown, but here’s the latest projected top 10 by GDP. Buy this visualization 2020 marks the start
Impairment occurs when a business asset suffers a depreciation in fair market value in excess of the book value of the asset on the company’s financial statements. Under the U.S. generally accepted accounting principles, or GAAP, assets that are considered “impaired” must be recognized as a loss on an income statement. Key Takeaways Impairment occurs
The Lordstown Motors Corp. Endurance electric pickup truck is displayed during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Shares of DiamondPeak Holdings, a special purpose acquisition company, jumped more than 20% during premarket trading on Monday after the company announced that it will
Donald Trump has abandoned his opposition to Microsoft buying TikTok while vowing to ban the Chinese-owned video app in the US unless an American company acquired it by September 15. In remarks at the White House, Mr Trump added another complication to Microsoft’s pursuit of the app, insisting the US government should receive a portion
Congressional leaders are locked in negotiations with the White House over a fresh round of economic stimulus © Bloomberg More than 100 senior US executives at companies ranging from Alphabet to Walmart and Facebook have urged Congress to agree more support for small businesses, as concerns mount over the political deadlock on a fresh round
For much of the investment world, gains have been hard to come by in the year of the coronavirus. But for funds at the top, returns have been huge. With more than $55 billion in combined assets, the 20 mutual funds and ETFs with the biggest gains of 2020 have managed an average return of
August 2 the total crypto market capitalization dropped from about $359 billion to $310 billion within a few minutes of Bitcoin (BTC) price surging above the $12K mark. A fall of such magnitude usually drives away the bulls or at least keeps them at bay until the market stabilizes, but that is not what happened.
The perspective from an ocean-view ranch at Las Carcavas, a new development attracting international … [+] real estate investors to the Rocha coast in Garzon, Uruguay Rafael Botto As the pandemic’s long-feared second wave comes crashing down on us like a mammoth breaker pounding a cracker box coastal village, some real estate shoppers are looking
People in India are five times more likely to suffer a cryptocurrency mining hack because of poor consumer awareness, according to a new security report by Microsoft. In its findings published July 29, Microsoft notes that although the number of similar attacks declined by 35% in 2019 from a year earlier, Indians, together with Sri
By Nancy Collamer, Next Avenue Contributor getty Catching the attention of a job recruiter has long been a challenge, but it’s especially difficult right now. In the week ending July 24, 2020, 1.4 million Americans filed for unemployment, marking the 19th straight week that jobless claims have topped one million. Still, since over 90% of
Municipals were steady on Monday, with yields unchanged on the AAA curves as the market moved into the dog days of August. “July proved to be one for the record books, which apparently will need new pages added if the current momentum continues,” according to FHN Financial Senior Vice President Kim Olsan. “Several major spot
Silver trades 0.73% lower as the dollar reverses from its lows. There is a triangle chart formation on the hourly chart. Silver 1-hour chart Silver is in full consolidation mode at the moment after the recent price rise. Silver has risen for eight straight weeks but this week the precious metal has started on the
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