Stocks making the biggest moves midday: Apple, Penn National Gaming, Spotify, Peloton & more
Customers distance before entering an Apple Store during phase one of reopening after the COVID-19 lockdown in New York City, New York, U.S. June 17, 2020. Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Apple...
Coronavirus hot spots shouldn’t wreck the recovery, market bull Jim Paulsen says
Market bull Jim Paulsen believes coronavirus hot spots across the country won’t wreck the recovery. According to the Leuthold Group’s chief investment strategist, new cases won’t widely impact the economic reopenings. “At the same time those are having hot spots,...
Wirecard shares crash again after payments firm says missing $2 billion likely doesn’t exist
The lettering of the payment service provider Wirecard can be seen on a laptop screen Silas Stein | picture alliance | Getty Images Wirecard shares are once again in free fall on Monday after the German payments firm said it...
U.S. banks are ‘swimming in money’ as deposits increase by $2 trillion amid the coronavirus
A person on a scooter rides past a JPMorgan Chase & Co. bank branch in New York, U.S., on Thursday, June 11, 2020. Jeenah Moon | Bloomberg | Getty Images It’s the banking world’s version of the rich getting richer....
The stock market may be pricey, but it’s nothing like the genuine market bubbles of the past
Traders wearing masks work inside posts, on the first day of in-person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26,...
While Dems and GOP squabble over extending $600 unemployment benefits, outdated technology may slow any solution
Senator Ron Wyden, a Democrat from Oregon and ranking member of the Senate Finance Committee, speaks during a hearing in Washington, D.C., U.S., on June 9 about unemployment insurance during the Covid-19 pandemic. Leah Millis/Reuters/Bloomberg via Getty Images The enhanced...
Robinhood increases guardrails on options trading in the wake of a customer suicide
Robinhood app Source: Robinhood Robinhood is making it more difficult to get access to its options offering in the wake of a customer’s suicide last week. In a blog post Friday, Robinhood’s co-CEOs outlined multiple changes to the free-trading app....
A tale of two recessions: Some Americans thrive as others suffer
Federal Reserve Chair Jerome H. Powell during a speech on March 3, 2020 in Washington, DC. Mark Makela/Getty Images The recession caused by the coronavirus pandemic is playing out across stark — and widening — fault lines in America. Lower earners,...
Fed’s Rosengren reports ‘tremendous interest’ from businesses for loan program
The Federal Reserve is seeing high demand for its business loan initiative put in place to help smaller companies get through the coronavirus-induced recession, Boston Fed President Eric Rosengren said Friday. As the Main Street lending facility wraps up its...
Dysfunctional financial system is unleashing a dangerous environment for investors, long-time bear David Tice warns
Long-time bear David Tice believes the market has become a house of cards. The AdvisorShares Ranger Equity Bear ETF manager warns unprecedented Federal Reserve policies designed to mitigate the coronavirus fallout is creating major damage. “I find the biggest disconnect...
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