Month: June 2020

(Bloomberg) — U.S. futures retreated and Asian stocks looked set to decline as investors mulled further signs of coronavirus outbreaks in countries from the U.S. to Australia.S&P 500 contracts fell in early Asia trading and those in Japan and Hong Kong pointed lower. California reported record new cases and Florida infections jumped more than the weekly average. The Australian dollar was weaker as one state extended its state of emergency due to fresh cases. The kiwi fell.Markets remain vulnerable as governments gradually ease coronavirus lockdowns and travel restrictions to revive economic growth while attempting to control the spread of Covid-19. …read more […]

Journal Editorial Report: The week’s best and worst from Dan Henninger, Kim Strassel, Jason Riley and Kyle Peterson. Image: Greg Baker/AFP via Getty Images …read more […]

Journal Editorial Report: Paul Gigot interviews former New York City police commissioner, Ray Kelly. Image: Spencer Platt/Getty Images …read more […]

Journal Editorial Report: A path forward doesn’t have to include more lockdowns. Image: Mark Makela/Getty Images …read more […]

(Bloomberg) — China suspended poultry imports from a Tyson Foods Inc. plant where hundreds of employees tested positive for Covid-19, stoking concerns over the broader implications for U.S. and global meat exports.All products from the plant in Springdale, Arkansas, where Tyson is based, that are about to arrive in China or have arrived at the country’s ports will be seized by customs. The suspension announced Sunday is an about face from just a few days ago, when Chinese officials said food was unlikely to be responsible for a fresh virus outbreak in Beijing.The move is a potential new threat to …read more […]

American Airlines declined to comment. American Airlines and Delta Air Lines Inc said last week that a modest recovery in demand was helping to slow daily cash burn rates in June after the U.S. government reported record low passenger numbers in April amid the coronavirus pandemic. …read more […]

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As part of its Chapter 11 restructuring, Neiman’s is considering vacating Hudson Yards. …read more […]

(Bloomberg) — Florida cases jumped 3.7%, more than the weekly average, while New York reported infections in line with trends. An infectious disease researcher expects a “forest fire of cases” and no let up this summer.China suspended imports from a Tyson Foods U.S. poultry plant after a cluster of coronavirus cases. Germany also blamed outbreaks in the meat industry as the infection rate rose for a second day.The U.K. will set out plans to further ease restrictions this week. Chancellor of the Exchequer Rishi Sunak is considering an emergency reduction in the value-added tax, the Sunday Times reported.Key Developments:Global Tracker: …read more […]

Investors will be monitoring the recent spike in coronavirus cases, the U.S. housing market and Nike earnings in the week ahead. …read more […]

(Bloomberg) — American Airlines Group Inc. is seeking to raise about $1.5 billion by selling shares and convertible notes, according to people with knowledge of the matter, as it shores up liquidity after months of travel disruption from the coronavirus pandemic.The carrier, which has been gauging demand from potential investors over the weekend, could announce the offering as early as Sunday, the people said, asking not to be identified because the information is private. Deliberations are ongoing, and the timing and details of any deal could change, they said.A representative for American declined to comment.Fort Worth, Texas-based American is also …read more […]

(Bloomberg) — Wirecard AG’s former boss Markus Braun is unwinding a large portion of the shares he owns in the embattled payments processor, a stake he financed by borrowing against the stock’s value, according to a person familiar with the matter.Former Chief Executive Officer Braun, who held 7% of Wirecard’s shares to rank as the company’s biggest shareholder, had funded his purchase through a 150 million-euro margin loan that was secured by the value of the underlying stock. Wirecard’s shares plunged 72% last week after billions in cash went missing, triggering a liquidation of the shares Braun had pledged as …read more […]

A lot has changed in the world over the past few months, but you wouldn’t know it from the stock market. The NASDAQ, for example, is up 11% year-to-date and recently set a new all time high. However, when it comes to dividend stocks things have definitely changed. This is due to the impact of COVID-19, which caused several companies to slash their dividends to conserve cash leaving investors in shock. Now more than ever, before jumping into a dividend stock it is prudent to carefully examine how safe it is.With this in mind, we looked for dividend stocks with …read more […]

I read your article on Nikola and Tesla in which you brought up some very good points concerning bloated valuations, thank you for that. However, I wanted to point out a few things you seemed to ignore. Nikola Corporation vs Tesla Inc Valuation First, you made Tesla look like it has a realistic value attached to it […] …read more […]

Spotify is expanding its podcast empire by signing exclusive deals with Kim Kardashian West & DC Comics, among others. …read more […]