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Hertz preparing to file for bankruptcy as soon as Friday night: WSJ

The company, which operates the Hertz, Dollar and Thrifty car-rental brands, had been holding talks with creditors after missing significant car-lease payments in April. Forbearance and waiver agreements on the missed payments were set to expire on Friday. Hertz did not immediately respond to a request for comment. …read more […]

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Market Recap: Friday, May 22

Stocks ended little changed Friday, as ongoing signs of the economic damage from the coronavirus pandemic compounded with fears of rising U.S.-China tensions. Still, the three major U.S. equity indices posted weekly advances of about 3%, with investors largely factoring in the fallout from the COVID-19 crisis into asset prices. …read more […]

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Venezuela Supreme Court orders DirecTV to restore service

Venezuela’s Supreme Court on Friday ordered pay television service DirecTV to restore services in the South American country, after owner AT&T Inc said earlier this week it was shutting access due to U.S. sanctions. DirecTV was the country’s most popular television service, providing a range of foreign channels as alternatives to the country’s beleaguered local television industry that has been battered by a hyperinflationary economic crisis. U.S. sanctions meant to force President Nicolas Maduro from office prohibit companies from contracting with state agencies, but local Venezuelan laws require subscription services to carry channels run by the government. …read more […]

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Coronavirus latest: Friday, May 22

CanSino Biologics, a Chinese vaccine company, announced on Friday that it saw strong, positive results from its phase one trials of a coronavirus vaccine, which it tested on 108 volunteers. Yahoo Finance’s Anjalee Khemlani joins The Final Round to break down the latest news about the coronavirus. …read more […]

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IBM cuts jobs around U.S. as new CEO looks for revival

IBM told the Wall Street Journal it is laying off an undisclosed number of workers across the U.S. IBM representatives didn’t return numerous calls and emails Friday to confirm the job cuts, which were also reported by Bloomberg. The already-struggling tech giant’s new CEO Arvind Krishna warned investors last month of uncertainty caused by the COVID-19 pandemic, saying the company made a “tough decision” to withdraw revenue projections for the rest of 2020. …read more […]

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Secrets of Successful Swing Trading

Swing trading is one of the best ways to make money in the market over a short period.
Today, Nicholas Vardy explains the many factors that lead to swing trading’s remarkable success.

Note from Senior Managing Editor Christina Grieves: Quantitative investing may seem highly complex. In fact, I have a hard time even spelling quantitative. But this type of investing is more accessible to personal investors now than ever before. And the power of quantitative algorithms to identify the best possible investments is one of its biggest advantages. That’s why Nicholas Vardy has harnessed the power of quant analysis to create his …read more […]