Month: May 2020

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Trading Ideas

GAN IPO Update: Stock Successfully Launches on Nasdaq

May 9, 2020 admin Comments Off on GAN IPO Update: Stock Successfully Launches on Nasdaq

On May 5, 2020, a GAN IPO hit the Nasdaq market. Investors thought they knew what to expect. However, GAN stock launched with a homerun that surprised everyone.
It isn’t too late for investors to get in on this successful IPO. And if you’re looking for information, you’re in the right place. Here’s what we know…
GAN IPO: The Business

GAN started as GameAccount Network in 2001. The London-based company provides betting and gambling software-as-a-service (SaaS). It works with casinos in the U.S. and around the world. The company also works with sports-gaming site FanDuel and its associates, Paddy Power and Betfair.
Over the …read more […]

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Business News

Bankruptcy court approves Neiman Marcus’ plea to access financing

May 9, 2020 admin Comments Off on Bankruptcy court approves Neiman Marcus’ plea to access financing

U.S. luxury department store chain Neiman Marcus Group said on Friday it received court approval to access $675 million of its debtor-in-possession financing, which will allow continuity of the company’s business during Chapter 11 bankruptcy proceedings and enable it to pay employees and vendors.

…read more […]

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Explainer: Fed funds futures market sees negative rates by next April

May 9, 2020 admin Comments Off on Explainer: Fed funds futures market sees negative rates by next April

The fed funds futures market is pricing in negative U.S. interest rates next year, a scenario the Federal Reserve has said it wants to avoid as many doubt that it would be an effective tool to stimulate growth. Setting interest rates below zero would punish banks for leaving excess cash with the central bank. The U.S. central bank slashed the federal funds rate to near zero in March and has launched numerous programs aimed at boosting liquidity and stabilizing financial markets as the U.S. economy reeled from the coronavirus pandemic. …read more […]

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‘Unhinged’ Cattle Ranchers Look for Answers in U.S. Price Probe

May 9, 2020 admin Comments Off on ‘Unhinged’ Cattle Ranchers Look for Answers in U.S. Price Probe

(Bloomberg) — U.S. ranchers are looking forward to the results of an investigation into market manipulation as low livestock prices threaten their survival, an industry leader said.Farmers “are becoming unhinged” as livestock gluts — exacerbated by a wave of slaughterhouse disruptions — are coinciding with record-high wholesale beef prices, American Farm Bureau President Zippy Duvall said Friday.He spoke at a round-table that included Iowa Senators Joni Ernst and Chuck Grassley, Vice President Mike Pence and senior meatpacker executives. While the senators echoed calls to close the cattle-beef pricing gap, Pence congratulated meatpackers including Tyson Foods Inc. and Smithfield Foods Inc. …read more […]