Month: October 2020

Monty Rakusen | Cultura | Getty Images Company: Contura Energy, Inc. (CTRA) Business: Contura is large scale provider of metallurgical (“met”) and thermal coal. The company has mining operations across coal basins in Pennsylvania, Virginia and West Virginia. It supplies both metallurgical coal to produce steel and thermal coal to generate power. The met coal
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New Puerto Rico Oversight board member Justin Peterson exercised an exit veto on a proposed central government debt restructuring Friday. More than two hours into a virtually held public board meeting, Justin Peterson left the meeting to remove the board’s quorum. He did this to deny the remaining three board members the right to take
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US coronavirus cases increased by 97,000 on Friday, by far the largest one-day jump since the start of the pandemic, with Midwestern states leading a wave of infections, hospitalisations and deaths across the country just days before the presidential election.  The sharp increase, which beat Thursday’s record of 88,400, took the weekly total for the
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Joe Raedle | Getty Images Now that more Americans can work and attend school from anywhere, they are increasingly looking to leave large urban centers for smaller, less dense cities with cheaper housing. As different real estate entities try to measure the migration, certain cities are standout destinations. Santa Barbara, California; Louisville, Kentucky; and Buffalo,
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Written by Nick Ackerman, co-produced by Stanford Chemist Preferred shares offer investors a combination of equity and fixed-income features. For the equity similarities, they can trade on a stock exchange throughout the day. Additionally, they can be converted to common shares if they are issued as convertible preferred stocks. For the fixed-income features, they offer
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Equities markets were set to cap a volatile trading week on a gloomy note on both sides of the Atlantic after broadly upbeat earnings from America’s tech giants failed to impress investors. A sell-off on Wall Street gathered pace an hour after the opening bell, sending the large-cap S&P 500 down 1.9 per cent and
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The biggest US tech companies set aside their growing political troubles on Thursday to disclose the latest leg of their seemingly unstoppable business ascendance: a stunning boom in digital markets has lifted their fortunes at a time when much of the global economy is hurting. Alphabet, Amazon, Apple and Facebook all disclosed quarterly results on
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Check out the companies making headlines after the bell:  Alphabet — Shares of Alphabet soared 10% in extended trading after the Google parent company posted quarterly results that topped Wall Street expectations. The company reported earnings of $16.40 per share and $46.17 billion in revenue for the third quarter. Analysts surveyed by Refinitiv projected $11.29
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Despite record low mortgage rates, homebuying affordability is on the decline. getty Despite hovering around their all-time low for several months now, it looks like mortgage rates have done about all they can for housing affordability.  According to a new report, skyrocketing home prices have now outstripped their power, and overall homebuying affordability is now
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Pedestrians walk past commercial real estate in Manhattan. Michael Nagle | Bloomberg | Getty Images Decidedly weak quarterly earnings reports from major apartment real estate investment trusts this week paint a bleak picture for some of the largest urban rental markets. The coronavirus pandemic has caused thousands of apartment dwellers to seek safer, larger, single-family
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In a down economy, it’s normal to start thinking of alternative ways to generate some extra money, but if you’re tempted into thinking gambling is one of those good alternatives, you need to keep reading. Once you step foot into a casino and exchange your money for chips, you’ve sold away your only advantage: staying
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Credit Karma’s promise is to provide you with your credit score and credit report for free. But is that really worth giving up your personal and financial information? Is Credit Karma giving you precisely the same information that a lender will check if you’re applying for a mortgage or a car loan? And, for that matter, is it
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Fitch Ratings cut the outlook to negative from stable Wednesday on Chicago’s BBB-minus general obligation bond rating. The action increases the risk that the city will be saddled with a second speculative-grade bond rating. Moody’s Investors Service cut the city to junk five years ago. Fitch Ratings assigned a negative outlook to Chicago bonds Wednesday.Bloomberg
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Property data and analytics firm CoreLogic has received multiple potential takeover bids that value the company at north of $80 a share, sources tell CNBC’s David Faber. The multiple parties interested in pursuing a deal with CoreLogic include private equity firms, Faber reported citing sources familiar with the talks. The company has already signed a
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The implementation of smart contracts in business is expected to speed up transactions and enable digitization of a wide variety of physical assets, such as oil and gold. But the legal and regulatory underpinnings of smart contracts are still shaky and rife with their own set of problems. Resolving disputes between parties is the biggest
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European countries are poised to tighten coronavirus crisis restrictions as soaring infection rates stoke alarm across the continent, sending stocks to their lowest level since May. Angela Merkel, Germany’s chancellor, was due to hold talks on Wednesday with premiers of the country’s 16 states about proposed new curbs, while France’s president Emmanuel Macron will give
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