Jack Ma’s Ant Group Fintech Firm Seeks Dual Listing Of IPOs On Hong Kong And China Exchanges
Ant Group seeks to achieve a huge market valuation of $200 billion
Washington Lawmakers Will Haggle Over Corporate Tax Credits In Next COVID-19 Relief Package
Some Democrats oppose more tax breaks for big corporations
Oilfield Service Provider Halliburton Posts Third Straight Quarterly Loss
The oilfield service provider took a $2.1 billion impairment charge.
Global Real Estate Investment Plunged By 33% In First Half Of The Year
The Asia-Pacific region saw the largest drop in investment.
Monday’s Stock Market Open: US Equities Modestly Higher As EU Leaders Seek To Reach Recovery Fund Deal
US stocks slipped on Monday as Chevron agreed to buy Noble Energy
UK Retailer Marks & Spencer To Cut Nearly 1,000 Jobs
The job cuts will heavily impact store management
Chevron Agrees To Acquire Noble Energy For $5 Billion In Stock
The total enterprise value of the transaction, including debt, is $13 billion
EU Leaders Deadlocked On Recovery Fund As Talks Extend Into Fourth Day In Brussels
The main stumbling block is over how much of the fund will be payable in grants
Friday’s Stock Market Close: US Equities Finish Mixed To End Volatile Week, Yields Rise
US stocks were narrowly mixed on Friday as EU leaders tried to reach a deal on recovery fund in Brussels
Treasury Secretary Steven Mnuchin Suggests Smallest PPP Loans Should Be Forgiven
Treasury Secretary Steven Mnuchin suggested on Friday that the smallest loans issued under the Paycheck Protection Program should be automatically forgiven by Congress during the COVID-19 pandemic.
US Defense Secretary Effectively Bans Confederate Flags At Military Installations
The White House opposed the ban on Confederate flags
British Airways To Retire Entire Fleet Of Boeing 747s Due To Pandemic-Related Downturn
British Airways had operated the iconic 747s for 50 years.
Friday’s Stock Market Open: US Equities Climb Modestly Following Thursday’s Drop
US stocks gained on Friday as EU leaders try to reach a deal on recovery fund in Brussels
EU Leaders Meet In Brussels To Negotiate Recovery Fund, But Merkel Doubts Deal Can Be Reached
There are wide disagreements over how the funds should be disbursed.
Mary Trump’s Unflattering Book On Uncle Donald Sold Almost 1 Million Copies On First Day Of Sale
Mary Trump’s book is the latest in a long line of books that negative depict the president.
Thursday’s Stock Market Close: US Equities Fall On Another Grim Jobless Claims Report, Yields Drop
US stocks dropped on Thursday as Bank of America saw its profit plunge by 52%
Macy’s Paid $9 Million In Bonuses To Executives After Thousands Of Job Cuts
CEO Gennette received restricted stock valued at $3.7 million
The 30-Year Fixed-Rate Mortgage Falls Below 3% For The First Time
The rate is the lowest in 50 years.
Warren Buffett’s Berkshire Hathaway Has Earned $40 Billion On Apple Stake Since March Market Bottom
Berkshire Hathaway is now Apple’s second largest institutional shareholder
U.S. Newsrooms Cut 11,000 Jobs In First Half Of This Year, A Surge From Prior Years
Job cuts in newsrooms so far in 2020 have been the worst ever
China’s Economy Grew By 3.2% In Second Quarter, But Recovery Has Been Uneven
Chinese GDP shrunk by 6.9% in the first quarter
European Central Bank Cautiously Keeps Monetary Policy, Asset Buying Program Unchanged
ECB kept its key interest rate unchanged at minus-0.5%
Thursday’s Stock Market Open: US Equities Drop As Another 1.3 Million File Jobless Claims, China Sells Off
US stocks fell on Thursday as Bank of America saw its profit drop 52%
Supreme Court Paves Way For Second Federal Execution This Week
Wesley Purkey apologized for the pain he caused in his final statement and said his execution served no purpose.
Bank of America Second Quarter Earnings Drop 52%, Sets Aside Another $4 Billion For COVID-19 Losses
Bank of America is particularly vulnerable to low interest rates
Morgan Stanley’s Second Quarter Earnings, Revenues Soundly Beat Analysts’ Estimates
Revenues of $13.4 billion set a record.
Wednesday’s Stock Market Close: US Equities Rise On Goldman Sachs Strong Earnings, Moderna’s Promising Virus Vaccine
US stocks rose on Wednesday after Goldman Sachs’ posted extraordinary results
COVID-19 Is Killing Workers At Pemex, Mexico’s National Oil Company
At least 202 Pemex workers have been killed by the virus so far.
UK Media Outlets BBC, Guardian Unveil Hundreds Of Job Cuts
Both organizations blamed financial pressures arising from the pandemic
European Union, India Meet At Virtual Summit To Discuss Trade, Security, Covid-19 Pandemic
The EU is India's biggest trading partner.
