The U.S. on Tuesday saw a reprieve in its seemingly relentless wave of COVID-19 diagnoses, just as President Donald Trump prepared to revive the daily coronavirus press conference. …read more […]
Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows are set to meet with lawmakers on Capitol Hill for the next stimulus bill. Yahoo Finance’s Jessica Smith shares the details. …read more […]
Could we see a stock market correction if lawmakers don’t do the right thing on stimulus amid a still raging COVID-19 pandemic? …read more […]
Steel City Capital recently released its Q2 2020 Investor Letter, a copy of which you can download here. During the second quarter of 2020, the fund returned 13.1% net of fees, while the S&P 500 Index was up 20.0%. You should check out Steel City Capital’s top 5 stock picks for investors to buy right […] …read more […]
What is passive income? It’s a question we get a lot here at Investment U.
For starters, most income can be broken down into two main classes: active and passive. Active income is the way most Americans make their money. That’s income earned from doing a job and receiving tips, hourly pay, a salary or commission.
So what is passive income? To put it simply, this is payment received through little (if any) effort made by the person who receives it. If that sounds too good to be true, well, it isn’t. Just about anyone can set up a steady stream of …read more […]
Ford has officially rolled out a racing version of its new electric vehicle the Mach-E. Yahoo Finance’s Brian Sozzi and Alexis Christoforous discuss with Autoblog Editor-in-Chief Greg Migliore. …read more […]
India’s top gas importer, Petronet LNG, has renewed its initial deal to consider investing $2.5 billion in U.S. liquefied natural gas (LNG) developer Tellurian Inc’s Driftwood project, Indian sources familiar with the matter said. Petronet and Tellurian now have time until the end of December to finalize the deal, they said. A memorandum of understanding that lapsed on May 31 was renewed last week ahead of a virtual meeting between Indian oil minister Dharmendra Pradhan and U.S. Energy Secretary Dan Brouillette. …read more […]
(Bloomberg) — Hertz Global Holdings Inc. agreed to pay lenders who indirectly control the company’s fleet of rental cars $650 million as part of a deal to suspend a bankruptcy court fight over the vehicles, according to court documents.Under the accord, Hertz will for the rest of the year halt its effort to cancel some of the nearly 500,000 leases on the cars the company rents out to consumers. A separate Hertz entity owns the vehicles, which the company leases back.The company will ask U.S. Bankruptcy Judge Mary Walrath to approve the settlement at a court hearing scheduled for July …read more […]
(Bloomberg) — Precious metals are shining, with both gold and silver hitting multi-year highs on the back of persistent concerns over the coronavirus and the outlook for further economic stimulus worldwide.Gold futures surged to an almost nine-year peak and silver touched the highest since 2014 after Hong Kong reported additional cases of the virus and new infections in the Australian state of Victoria surged, fueling demand for haven assets. European Union leaders agreed on an unprecedented stimulus package to pull their economies out of recession. Silver, used in manufactured products ranging from solar panels to electronics, is getting an added …read more […]
(Bloomberg) — Large, venture-backed businesses that haven’t gone public yet be advised: by the end of Tuesday billionaire investor Bill Ackman could have as much as $4 billion in his back pocket ready to put toward a bumper acquisition.Ackman’s blank-check company — the latest in a slew of special purpose acquisition companies that have hit the market in recent months — is offering 200 million units at $20 apiece, after earlier filing to sell 150 million units. Pershing Square Tontine Holdings Ltd., backed by Ackman’s Pershing Square Capital Management, will stop taking investor orders for its initial public offering on …read more […]
What is financial independence and how can you obtain it? This is a question that many Americans struggle to answer today. In fact, you may come across thousands of different responses to this question.
Let’s dig a bit deeper and determine what it means and what it takes to become financially independent. And remember; your path will depend on your unique set of goals.
What is Financial Independence Exactly?
Is it a process or a concept? Possibly a strategy or a financial status? Maybe it’s a combination of them all.
So, what is financial independence? It’s the status of not having to rely on …read more […]
Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Anjalee Khemlani speak with Sorrento Therapeutics CEO & Founder Dr. Henry Ji about the company’s FDA clearance for a COVID-19 drug trial, to be used on patients with milder symptoms. …read more […]
Amazon.com Inc. (AMZN) has officially confirmed that it is delaying its online retail event known as Prime Day to sometime later this year, citing the fallout from COVID-19. However, Amazon said that in India its Prime event would occur from August 6-7.A spokesperson for Amazon told The Verge on July 21, “This year we’ll be holding Prime Day later than usual while ensuring the safety of our employees and supporting our customers and selling partners.” The spokesperson added, “Members all around the world will experience Prime Day later this year.”In June, Amazon was forced to suspend its popular Amazon Shipping …read more […]
Moleculin Biotech (MBRX) on Tuesday announced that a second round of independent laboratory testing has confirmed the antiviral activity of its drug candidate WP1122 as a potential treatment against coronavirus. The news is pushing shares up 33% to $1.46 in early market trading.Moleculin said that it contracted with IIT Research Institute for additional in vitro testing of its WP1122. The testing involved a cell viability assay in the VERO E6 cell line infected with SARS-CoV-2 and compared the therapeutic effects of 2-deoxy-D-glucose or 2-DG (the active ingredient in WP1122) alone with those of WP1122, a 2-DG prodrug. Results of a …read more […]
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