Trading Ideas
Month: June 2020
Business News
Wirecard scrambles to find missing $2.1 billion as loan crunch looms
Wirecard’s auditor has refused to sign off its 2019 accounts over a missing $2.1 billion, sending its shares down more than 60% as the German payments firm warned the delay could cause billions in loans to be called in as early as Friday.
Business News
Wall Street opens lower on rising virus cases, elevated jobless claims
U.S. stocks fell at the open on Thursday as an uptick in COVID-19 infections in the United States threatened to upend bets of a swift economic recovery, with data showing weekly jobless claims remained elevated amid a second wave of layoffs.
Business News
Wirecard faces loan crunch over missing $2.1 billion
Wirecard’s auditor has refused to sign off its 2019 accounts over a missing $2.1 billion, sending the German payments firm’s shares down over 60% on Thursday as it warned the delay could cause billions in loans to be called in as early as Friday.
Business News
Factbox: German payments firm Wirecard and its missing billions
Billions of euros of loans to Wirecard could be called in as early as Friday after the German payments company said its auditor had refused to sign off on its 2019 accounts, knocking more than half the value off its shares on Thursday.
Business News
Wall Street set to open lower on rising virus cases, elevated jobless claims
U.S. stock futures fell on Thursday as an uptick in COVID-19 infections in parts of the United States threatened to upend bets of a swift economic recovery, with data showing that weekly jobless claims remained elevated.
Business News
Colgate reviewing Chinese toothpaste brand Darlie amid debate on racial inequality
Colgate-Palmolive on Thursday said it was working to review and evolve its Chinese toothpaste brand, Darlie, the latest in a string of brand reassessments amid a U.S. debate on racial inequality.
Trading Ideas
Carver Bancorp (Nasdaq: CARV) Stock Soars
The last few weeks in America have been full of civil unrest. But could civil unrest lead to some big profits on Wall Street? If you look at Carver Bancorp. (Nasdaq: CARV) stock, they already have.
Carver Bancorp. more than doubled its price on Wednesday. An increased interest in black-owned businesses spurred the price increase as Black Lives Matter protests continue in the United States.
What is Carver Bancorp. and why did the Black Lives Matter movement and the #BuyBlack hashtag cause its stock price to move so dramatically yesterday?
What Is Carver Bancorp. (Nasdaq: CARV) Stock?
Carver Bancorp. is the holding company for …read more […]
Trading Ideas
Trading Ideas
This is the first FDA-cleared medicinal video game
Akili Interactive’s video game “EndeavorRX” is a digital therapeutic treatment designed for children with ADHD. After 7 years of clinical trials, studying 600 children, the FDA cleared the video game as medicinal therapy. …read more […]
Business News
Chanel warns virus impact will linger on luxury sector
The luxury industry will feel the fallout from the coronavirus crisis for the next two years if not longer, Chanel’s chief financial officer said on Thursday, warning the French fashion label’s 2020 revenues and profit would be significantly hit.
Business News
Oil prices tick up as drop in U.S. product stocks encourages bulls
Oil prices ticked up on Thursday after U.S. oil product stocks shrank, providing bulls with ammunition ahead of a meeting between OPEC producers and their allies to discuss their future output strategy.
Business News
KKR buys vacation parks firm Roompot in $1.1 billion deal
U.S. private equity firm KKR said on Thursday it had reached an agreement to buy Dutch vacation parks firm Roompot from French private equity firm PAI Partners.
Business News
U.S. weekly jobless claims remain high as second wave of layoffs hits industries
A second wave of layoffs amid weak demand and fractured supply chains is keeping new U.S. applications for unemployment benefits elevated, supporting views that the economy faces a long and difficult recovery from the COVID-19 recession.
Business News
Kroger expects to top 2020 outlook, beats estimates for profit, sales
Kroger Co said it expects to exceed its 2020 outlook for same-store sales and profit after beating Wall Street expectations for quarterly results on Thursday, as the U.S. supermarket chain benefited from consumers stocking up on essentials during the coronavirus lockdowns.