The National Guard was on the streets of more than a dozen US states and Washington DC on Sunday morning, after protests following the death of George Floyd gave way to another night of violence across America. Angry crowds have clashed with police in major cities across the US, with fierce battles in Los Angeles,
Month: May 2020
Key Takeaways Noncurrent assets describe a company’s long-term investments/assets that have useful lives of at least one year. Noncurrent assets traditionally include real estate properties, manufacturing plants, equipment, and other tangible or fixed physical items that are highly illiquid because they can’t be expeditiously sold for cash. In some cases, noncurrent assets also include intangible
In this video, Peter Martin explains what a dividend payment is, and looks at an example of recently declared dividends for a FTSE 100 company. He also talks about how dividend income can sometimes have favourable tax treatment. Explore the opportunities for unlimited commission-free investing in Stocks & ETFs now. – https://www.trading212.com/en/Free-Stock-Trading Download the free
CNBC’s Jim Cramer said Friday he’s concerned the stock market’s rally from its March lows may run out of steam unless Congress approves additional coronavirus relief measures. “Without another package, I know it’s trillions of dollars, we’re just going to kind of sputter out,” Cramer said on “Squawk Box.” ”I get worried. It’s just too many people that
A family wearing masks passes the New York Stock Exchange, Tuesday, May 26, 2020. Mark Lennihan | AP The big rotation into unloved stocks, like banks, small caps and airlines, took a break Friday, but it could be a theme that dominates trading again in the week ahead. Investors will be assessing the progress of
People congregate outside a restaurant in the upper east side during the coronavirus pandemic on May 2, 2020 in New York City. Noam Galai | Getty Images As states gradually reopen, the U.S. economy is showing signs of life after one of the most significant downturns in history. Though many restrictions remain in place across
Spending by U.S. consumers fell a record 13.6% in April as the COVID-19 pandemic slashed demand for goods and services. The Labor Department reported on Friday that personal consumption expenditures fell $1.89 trillion last month while personal outlays dropped $1.91 trillion. Real personal consumption expenditures decreased 13.2%. The PCE price index fell 0.5%; excluding food
The governor of Minnesota has sent in the National Guard in the biggest domestic deployment in the state military reserve’s history in an attempt to contain protests and riots following the death of George Floyd in Minneapolis. Tim Walz, the state’s governor, said that more than 1,000 reserves were being deployed, in addition to the
In April 2012, when Facebook acquired the photo-sharing app Instagram for around $1 billion in cash and stock, many Wall Streeters were puzzled. At the time, Instagram was less than two years old, boasted an employee workforce of 13, and had no revenue. In 2019, Instagram generated $20 billion in advertising revenue, according to Omnicore, a
Signage is displayed outside Morgan Stanley & Co. headquarters in the Times Square neighborhood of New York. Michael Nagle | Bloomberg | Getty Images Morgan Stanley is planning to kick off the return of trading personnel to its New York headquarters in mid to late June, according to people with knowledge of the situation. The
The rising tensions between the U.S. and China could continue to hang over the technology sector, even though President Donald Trump on Friday stopped short of threatening Beijing with more trade actions. The president said the U.S. was ending its preferential treatment of Hong Kong and terminated the U.S. relationship with the World Health Organization
Zillow CEO Richard Barton told CNBC on Friday that the online real estate company has not observed a dramatic spike in people moving out of dense, urban areas due to the coronavirus pandemic. “We’re all searching for our data to confirm our bias, or our theory, that people are moving out of the city into the suburbs,” Barton said
The municipal market concluded the final trading session of May on steady footing, with secondary yields remaining flat Friday amid a pickup in issuance. Meanwhile, New York City will begin to reopen starting June 8, the mayor and governor said Friday. Generic municipal yields have held at steady levels, though some sources said that is
In an investment presentation given by Goldman Sachs on Wednesday, Goldman listed a number of reasons why they think Bitcoin is not an asset class. The presentation said that not only was Bitcoin “not an asset class,” but that it also lacked the attributes of being a “suitable investment” at all. In Goldman’s presentation, it
The Hong Kong government has condemned Donald Trump’s threat to revoke the territory’s special trade privileges after Beijing moved to impose anti-subversion laws on the Asian financial hub. The US president unveiled a series of measures on Friday targeting Beijing and Hong Kong, which included plans to sanction government officials and to revoke the territory’s
Starbucks vs. Dunkin’: An Overview Starbucks Corp. (SBUX) and Dunkin’ Brands (DNKN) are the two largest eatery chains in the U.S. that specialize in coffee. Both companies offer similar coffee options—although different food options—and both have similar overall strategies. Nonetheless, there are key differences in their business models related to scale, store ownership, and branding. Despite
Donald Trump said the US will revoke special trade privileges for Hong Kong and sanction officials from the territory and mainland China after Beijing moved to impose new security laws on the former British colony. The move came as part of a range of measures from Mr Trump targeting China, including banning some Chinese nationals
CNBC’s Jim Cramer on Thursday recommended investors continue adding the remote work plays to their investment portfolios as the stocks pull back. “These stocks have been big winners since the bottom in March, and while many of them have fallen out of favor this week, I think that’s temporary,” the “Mad Money” host said after
Check out the companies making headlines before the bell: Big Lots — Big Lots is the latest discount retailer to report a strong quarter amid the pandemic, earning an adjusted $1.26 per share compared with a 40 cent consensus estimate. Revenue exceeded forecasts as well, with same-store sales jumping 10.3% compared with a 1% FactSet
A customer exits a Wells Fargo & Co. bank branch in Hermosa Beach, California. Patrick T. Fallon | Bloomberg | Getty Images Despite record-high unemployment and massive economic fallout from the coronavirus pandemic, fewer homeowners appear to be struggling to make their monthly mortgage payments now than at the start of the crisis. The number
Cindy Harris, chief financial officer for the Iowa Finance Authority, said her agency has a $90 million to $95 million exposure to Libor as well as a line of credit that will expire before the end of 2021. Brian Tumulty, The Bond Buyer The COVID-19 pandemic will not delay the phaseout of Libor at the
Todd Bunton, CFA, Growth & Income Stock Strategist at Zacks Investment Research, discusses a stock that might be worth a closer look by investors: Medical Properties Trust (MPW). This real estate investment trust (REIT) owns healthcare facilities across the United States and in Europe and generates solid, stable income. Recently, consensus earnings estimates have been
Both of these brokers have features built to appeal to buy-and-hold investors who take a long view. Vanguard built its reputation on mutual funds, and it is the world’s top provider of index funds. The brokerage was launched in 1983. Merrill Edge started operations in 2010 following Bank of America’s acquisition of Merrill Lynch, so
Donald Trump said he had ordered a wide-ranging review of the law that underpins how social media companies operate, in a move which threatens to undermine legal protections they have enjoyed for decades. The US president on Thursday signed an order he said instructed his officials to re-examine the 1996 law that granted social media
The basic form of short selling is selling stock that you borrow from an owner and do not own yourself. In essence, you deliver borrowed shares. Another form is to sell stock that you do not own and are not borrowing from someone. Here you owe the shorted shares to the buyer but “fail to
China has hit back at a US declaration that Hong Kong is no longer autonomous from Beijing as lawmakers in the Chinese capital met to formally approve a plan to impose tough national security laws on the city. China’s National People’s Congress, the country’s annual gathering of lawmakers, is discussing a proposal for the new
Closed signs hang on a fast food restaurant amid the coronavirus pandemic on April 24, 2020 in New York City, United States. COVID-19 has spread to most countries around the world, claiming over 196,000 lives with over 2.8 million cases. (Photo by Alexi Rosenfeld/Getty Images) Alexi Rosenfeld A type of loan for small businesses impacted
Take a look at some of the biggest movers in the premarket: Abercrombie & Fitch (ANF) – The apparel retailer lost $3.29 per share for its latest quarter, wider than the loss of $1.39 per share anticipated by analysts. Revenue was also below forecasts, with sales impacted by pandemic-related closures. Dollar General (DG) – The
A “For Sale” sign is seen in front of a home on May 30, 2019 in Miami, Florida. Joe Raedle | Getty Images Pending home sales, which measure signed contracts on existing homes, fell a wider-than-expected 21.8% in April, compared with March, according to the National Association of Realtors. Sales were down 33.8% compared with April
The Los Angeles Department of Water and Power had its outlook revised to negative from stable by Fitch Ratings ahead of its planned June 3 pricing of $213.2 million in water system revenue bonds. Fitch also assigned an AA rating to the series 2020 A bonds. “The negative outlook is driven by fiscal 2019 leverage,
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