Month: March 2020

As states close down and businesses are shuttered because of COVID-19, the illness caused by the novel coronavirus, record numbers of the newly out-of-work have been applying for unemployment insurance (UI) to help pay the bills. On March 26, 2020, the U.S. Department of Labor (DOL) announced that in the week ending March 21, 3.28
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A multiyear boom in mergers and acquisitions activity came to a halt by the end of March, as the fallout from the coronavirus pandemic ravaged corporate share prices and redirected the focus of executives towards saving their own companies instead of trying to buy others.  Deal activity last week totalled just $12.5bn, the lowest weekly total
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Interior Design area of the Restoration Hardware store in the Meatpacking District of New York.  Source: RH Check out the companies making headlines after the bell. RH — The home furnishings retailer’s stock fell 11% in extended trading after the company missed analysts’ estimates on revenue during the fourth quarter. RH reported revenue of $665
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As world markets, especially U.S. markets, tremble on surging cases of the coronavirus, there’s one market seeing investors return: China. The infection rate of coronavirus has slowed in China, and there appears to be a growing appetite among fund managers to start buying Chinese assets again. Pinebridge Investments, a New York-based firm, is going “all
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Yields in the municipal market declined slightly Monday as new-issue market showed some signs of activity. Municipal credit is beginning to emerge as more of an investing consideration as the market deals with the coronavirus-led selloff and subsequent Fed-led rebound. These moves are starting to make participants pick winners and losers from a credit perspective
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A very important piece of resulting legislation, the Glass-Steagall Act, established the FDIC as one of many comprehensive safeguards against the financial calamities of the time. Many of these safeguards have come to rescue the economy, or at least mitigate damage, during times of financial crisis. The FDIC insures bank deposits owned by corporations, partnerships,
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– LEAPS = Long Term Equities Anticipated Securities – Stock options that are longer than one year – Buying out option premium on a longer-term horizon – Bought a year or more in advance – Options that expire and many of them decay over time much slower than shorter-term options – LEAPS allow you to
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The Virgin Orbit ventilator device. Virgin Orbit Richard Branson’s California-based rocket company Virgin Orbit partnered with medical researchers and developed a ventilator device that the company plans to mass produce and send to hospitals around the United States to fight the coronavirus. “[It is] a very, very simple and robust design that we can get out
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It’s a simple fact that clothes wear out and styles change. This means that it’s inevitable that everyone needs to repair or replace clothing once in a while, even those who absolutely despise shopping for new clothes. For frugal shoppers, this means buying clothes when you can get the very best prices, which can often
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Two US healthcare companies have brought new hope in the fight against coronavirus, with Johnson & Johnson announcing a potential vaccine that could be available early next year and Abbott Laboratories launching a rapid test kit. J&J said on Monday it had identified a vaccine candidate and was teaming up with the US government to
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New York Metropolitan Transportation Authority Chairman Patrick Foye tested positive for COVID-19, MTA officiials confirmed over the weekend. Foye, 63, learned the news Saturday, according to the authority’s chief communications officer, Abbey Collins. “Pat is currently isolating at home, feeling good and maintaining his full schedule,” Collins said in a statement on Saturday nght. MTA
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Federal Reserve Chair Jerome Powell holds a news conference following the Federal Open Market Committee meeting in Washington, December 11, 2019. Joshua Roberts | Reuters The Mortgage Bankers Association in a dire letter to regulators Sunday warned that the U.S. housing market is “in danger of large-scale disruption,” due to efforts by the Federal Reserve
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US crude oil prices fell below $20 a barrel shortly after trading reopened on Sunday, close to the lowest level in 18 years, as traders bet production will need to shut in to cope with the collapse in demand from the coronavirus pandemic. The US benchmark, known as West Texas Intermediate or WTI, hit a
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Life Insurance vs. Annuity: An Overview At first glance, permanent life insurance policies and annuity contracts exhibit polar opposite goals. While life insurance seeks to provide an individual’s family with a lump-sum fiscal payout if that individual dies prematurely, annuities act as safety nets by providing individuals with a lifetime of guaranteed income streams. Both products
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Municipal benchmark yields were five to 10 basis points lower Friday, extending the market’s recent rally through the end of the week. The municipal market has weathered an unprecedented, volatile month during which the market swung from record-low yields to a 200-basis-point selloff before erasing much of the losses as the impact of the coronavirus
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Tracey Ryniec and Kevin Cook look at a big energy explorer and one of the hot gene editing biotechs. Occidental Petroleum: https://www.zacks.com/stock/quote/OXY?cid=CS-YOUTUBE-FT-VID CRISPR Therapeutics: https://www.zacks.com/stock/quote/CRSP?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on Facebook: www.facebook.com/ZacksInvestmentResearch
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“Give the market time to prove you right” – is the main message of this video. Traders often manage to predict the market but don’t have the patience or the technical skills to place their stop loss at the right level. David gives the three most vital tips for placing stop loss levels and the
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Anyone who visits Manhattan will recognize the bright signs and billboards that are a hallmark of Times Square. If you’ve never been there, this landmark piece of New York real estate is often seen in television or film, so you’ll understand what the fuss is about. Times Square billboard advertising today enjoys plenty of ad dollars thanks to digital
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The foreign exchange (forex) market is the largest market in the world: Currency is changing hands whenever goods and services are traded between nations. The sheer size of the transactions going on around the globe provides arbitrage opportunities for speculators, because the currency values fluctuate by the minute. Usually, these speculators make many trades for
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Puerto Rico bankruptcy Judge Laura Taylor Swain on Friday ordered the postponement of deadlines in the central government bankruptcy. The Puerto Rico Oversight Board, citing the impact of the COVID-19 virus on the island and involved lawyers, asked for the postponement on Sunday. Puerto Rico bankruptcy Judge Laura Taylor Swain has delayed some parts of
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