Month: June 2020

Yahoo Finance’s Emily McCormick joins The First Trade to discuss the impact of rising coronavirus cases on the U.S., China Supply chain. …read more […]

(Bloomberg) — American Airlines Group Inc. launched a $2 billion junk-debt offering on Monday as it looks to shore up liquidity amid a hesitant return to flying during the pandemic.The company is marketing a $1.5 billion secured junk bond maturing in 2025 and a $500 million four-year loan, according to people with knowledge of the matter. Based on initial discussions with investors, the loan is being offered at a spread of 9.5 percentage points over the London interbank offered rate and at a discount of between 95 cents to 96 cents on the dollar, said the people, who asked not …read more […]

In a video interview with ABC News, former U.S. National Security Adviser John Bolton criticized President Trump’s handling of foreign policy issues, alleging that Mr. Trump lacked basic knowledge of issues he had to deal with. Mr. Bolton’s new book is a scathing account of his 17 months working for the president. Photo: Saul Loeb/Agence France-Presse/Getty Images …read more […]

Tesla (TSLA) CEO Elon Musk has revealed that the production of a 7-seat version of the Model Y will take place before the end of the year.In a Twitter post, Musk stated that production will begin ‘probably early Q4.’ According to Electrek, this would place the first deliveries around October or November of 2020. The publication also writes that the limited leg-room displayed by prototype models could ultimately see the 7-seat version having a rear-facing third row instead of front-facing.Tesla shares have exploded by 139% so far year-to-date. As a result, Goldman Sachs analyst Mark Delaney recently downgraded the stock …read more […]

(Bloomberg) — Bank of China Ltd. is discussing ending a credit facility to Germany’s Wirecard AG, a move that would complicate the beleaguered company’s fight for survival after it was engulfed by a multi-billion-dollar accounting scandal.China’s fourth-largest lender may write off most of the 80 million euros ($90 million) it’s owed and not extend the credit line, the people said, asking not to be identified as the discussions are private. Bank of China — one of a group of at least 15 commercial banks behind $2 billion in financing to Wirecard — plans to engage an external legal team to …read more […]

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Find out what the experts are predicting about mortgage rates. …read more […]

Apple Inc on Monday will hold its annual conference for software developers, rolling out new features in its operating systems for iPhones and iPads and possibly signaling a departure from Intel Corp’s almost 15-year run supplying Mac computer processors. Apple’s Worldwide Developer Conference comes as paid services sold through the App Store have become central to the Cupertino, California, company’s revenue growth as consumers have slowed the growth of iPhone upgrades. Apple takes a 15% to 30% cut of the sales developers make through the App Store, which is the only way to distribute software onto …read more […]

We can’t believe nobody else is talking about this.
If you have a 401(k)… you can now invest in private equity.
This is one of the biggest twists in retirement law since former Sen. Roth (the fellow behind Roth IRAs) stood up and said, “Hmmm… I have an idea.”
But this move didn’t go through Congress. It’s straight from the president.
It comes in the form of an executive order.
This one is No. 13924.
In Trump’s words, his aim is “to remove barriers to the greatest engine of economic prosperity the world has ever known: the innovation, initiative and drive of the American people.”
Private equity …read more […]