Using a slow shutter speed an attendee is blurred as he walks by the Kodak booth during CES 2018 at the Las Vegas Convention Center on January 10, 2018 in Las Vegas, Nevada. David Becker | Getty Images Shares of Eastman Kodak plunged more than 40% during premarket trading on Monday after a federal agency
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A worker wearing a protective mask adjusts a torque wrench inside the service area at a Harley-Davidson dealership in Oakland, California, on Thursday, July 16, 2020. David Paul Morris | Bloomberg | Getty Images The dark side of good earnings: Companies are talking about turning “furloughs” into permanent layoffs. You knew this was coming. It’s
CEO of Tesla Motors Elon Musk reacts following the company’s initial public offering at the NASDAQ market in New York June 29, 2010 Brendan McDermid | Reuters Check out the companies making headlines after the bell: Tesla — The electric automaker jumped 7% in after hours trading after announcing a five-for-one stock split. Trading will begin on
2020 has been a challenging year for everyone, but especially for those who found themselves sheltering in place in a too-tiny home, or stuck in a city that completely shut down due to COVID-19. In major cities, I’ve seen a huge uptick in people retreating to their more spacious suburban homes, which were usually reserved
Adobe CEO Shantanu Narayen told CNBC on Tuesday that he believes there are inherent benefits to being in an office that widespread remote work, which became a necessity during the coronavirus pandemic, cannot necessarily provide. “Projects which are well underway, we’ve seen tremendous momentum continue, but when you’re trying to create a new project, you
The Federal Reserve Board on Tuesday reduced the interest rates it charges for its Municipal Liquidity Facility. The program — authorized in March’s Coronavirus Aid, Relief, and Economic Security Act — was created to ensure municipalites had market access amid the turmoil created by the coronavirus pandemic. The Federal Reserve announced a 50 basis point
When Chinese diplomats began spreading conspiracy theories in March suggesting that the US army had brought coronavirus to China, the claims looked set to derail an already acrimonious relationship between Beijing and Washington. But in recent weeks, despite rounds of US sanctions targeting China’s leading technology companies and officials in Hong Kong and Xinjiang, Beijing
In the investing world, the terms “bull” and “bear” are frequently used to describe market conditions. These terms are used to describe how stock markets are doing in general—that is, whether they are appreciating or depreciating in value. And as an investor, the direction of the market is a major force that has a huge impact
Democrat Joe Biden has named Kamala Harris as his vice-presidential running mate, making the senator from California the first African-American woman on a major US party’s presidential ticket. Mr Biden, who served as vice-president in the Obama administration, announced his pick on Tuesday. “I have the great honor to announce that I’ve picked Kamala Harris
Below is the brief recommendation I released last Friday, Aug. 7, to my CEFs: Income + Opportunity subscribers advising them to finally go long the Delaware Investments Dividend & Income fund (DDF), $8.66 real time market price, +1.1%, after a two-year wait. This followed up on my article, Equity CEFs: 40% Swap Idea – One
What Is Interest-on-Interest? Interest-on-interest—also referred to as compound interest—is the interest earned when interest payments are reinvested. Compound interest is used in the context of bonds. Coupon payments from bonds are assumed to be reinvested at some interest rate and held until the bond is sold or matures. Compound interest is the interest owed or received
A stack of Starlink internet satellites just before a launch. SpaceX SpaceX is manufacturing its Starlink satellites at an unprecedented rate for the space industry, analysts say, as the company dives headlong into building a space-based global internet service. Elon Musk’s company told the Federal Communications Commission in a presentation last month that its Starlink unit
A Lyft logo is installed on a Lyft driver’s car next to an Uber sticker in Pittsburgh. Gene J. Puskar | AP Check out the companies making headlines after the bell: Lyft, Uber — Shares of the ride-hailing duo dipped after a San Francisco Superior Court judge ruled that they convert California drivers from independent contractors to employees
A cyclist passes a public housing building in the Red Hook neighborhood of Brooklyn, New York. © 2019 Bloomberg Finance LP The Department of Housing and Urban Development announced today that it will provide a new round of emergency relief funding for eligible low-income families and individuals living in public housing. The $472 million in
The Chinese government’s efforts to tamp down speculation in property markets will mean that funds will flow to equities instead, allowing for more upside in onshore equities, an economist said on Tuesday. “We think the liquidity will likely go to the equity market,” said Zhiwei Zhang, president and chief economist at Pinpoint Asset Management. Although
Orange County, Florida, faced with almost four lost months of hotel bed tax collections, used a reserve account to bolster the sinking fund that pays debt service on bonds issued for the Orange County Convention Center. Tourist development tax collections, also known as resort, hotel, or bed taxes, were $2,629,400 in June, a 89.2% decrease
SoftBank bounced back from a historic loss to post a $12bn quarterly profit as a global tech rally lifted high-profile Vision Fund investments including Uber and Slack. The recovery caps one of the most tumultuous periods for the Japanese technology conglomerate founded by Masayoshi Son. Three consecutive quarters of operating losses forced SoftBank to earlier
The price-to-earnings ratio (P/E ratio) compares the share price of a company to the earnings it generates per share. The formula used to calculate this ratio simply divides the market value per share by the earnings per share (EPS). The typical calculation of the P/E ratio uses a company’s EPS from the last four quarters.
When US secretary of state Mike Pompeo last month declared in a speech that China was intent on “hegemony”, it was yet another sign of how much has changed since Donald Trump wrote in a tweet in March about his “respect” for President Xi Jinping. As the pandemic has devastated the US economy, imperilling his
(This report was issued to members on July 13). For those who like to go into the cheapest sectors, look no further than floating rate, at least within the taxable bond sectors. Loans are still cheap with an average price to par of just under $90. Couple that with the average discount on a CEF
Dow component Cisco Systems, Inc. (CSCO) reports fiscal fourth quarter 2020 earnings after Wednesday’s closing bell, with analysts expecting a profit of $0.74 per share on $12.1 billion in revenue. The stock rose more than 4% after Cisco beat third estimates and raised fourth quarter guidance in May, adding another 10% into the June high
Spencer Platt | Getty Images As earnings season wraps up, analysts are reviewing their short-term and long-term take on the stocks they cover. While some companies delivered blowout quarters (see below), other stocks are suffering as global restrictions continue. And while government-backed stimulus programs can provide some relief, the truth remains that the pandemic- and
A woman wearing a face mask walks past a sign in front of the US Department of Labor amid the coronavirus pandemic on April 29, 2020, in Washington, DC. Oliver Douliery | AFP | Getty Images Markets see a slight positive in July’s jobs report, but the focus remains on whether Congress can agree to
Downtown Greenville, South Carolina getty I’ll state right away that I still see promise in certain big-city real estate investment trusts (REITs). So this is not a hit against that entire focus. You may have seen the recent news that Facebook (Nasdaq: FB) signed a massive lease with Vornado Realty Trust (VNO). And that’s in
Despite the global pandemic, Dubai has seen “impressive levels” of real estate transactions over the past few months, the chief commercial officer of a United Arab Emirates-based property developer said last week. Aqil Kazim of Nakheel’s comments come even as real estate transactions in the second quarter of 2020 plummeted 38.8% compared to the same
Speaker Nancy Pelosi, D-Calif., said Democrats offered to meet Republicans and the Trump administration halfway on the size of an emergency coronavirus relief package.Bloomberg News Local and state governments are facing the prospect of a long wait before any new federal aid is approved to help them meet budget shortfalls and increased expenses related to
One of the recent megadeals is the $21bn sale of Marathon Petroleum’s Speedway petrol stations business to Seven & i Holdings © Luke Sharrett/Bloomberg A series of blockbuster deals has led a resurgence in M&A activity since the start of July, with companies rushing to prepare themselves for the recession and dusting off deals that
Currency depreciation, in the context of the U.S. dollar, refers to the decline in value of the dollar relative to another currency. For example, if one U.S. dollar can be exchanged for one Canadian dollar, the currencies are described as being at parity. If the exchange rate moves and one U.S. dollar can now be
Introduction In October of 2020, in an article about the Ensemble Fund (ENSBX) (sometimes referred to herein as the “Fund”), I wrote: I am always on the lookout for up-and-coming mutual fund managers in the hope of finding the next Peter Lynch (i.e., a fund manager set to outperform the S&P 500 over a long
Saudi Aramco stuck by plans to pay out $75bn in dividends this year despite a 73 per cent drop in second-quarter earnings, as the coronavirus pandemic wreaked havoc on the finances of the kingdom’s state energy group. In the three months to June 30, the company reported net income of $6.6bn compared with $24.7bn in
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