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Financial (50)

Let's Not Overlook AbbVie's Q2 Beat - RealMoney
Submitted 12 day(s) ago by system

There is no thought of selling here and now, even with politicized pressure on the industry....ABBV

SoftBank Pulls $700 Million From Credit Suisse Fund - WSJ
Submitted 23 day(s) ago by system

SoftBank Group has pulled about $700 million from a Credit Suisse Group fund after executives at the Swiss bank grew concerned that the Japanese conglomerate held conflicting roles in the fund that weren’t fully disclosed to other investors, according to people familiar with the matter.

Exclusive: India asks court to stymie potential challenge to Chinese app ban - Reuters
Submitted 32 day(s) ago by system

India's government has petitioned a state court to stop any of the Chinese companies whose 59 apps it recently banned from obtaining an injunction to block the order, according to two sources and the legal filing.

Stock Market Advice | Share Trading Tips | Indian Stock Market Analysis | DreamGains
Submitted 43 day(s) ago by dreamgains

DreamGains is a well reputed business firm in India, providing financial advisory Services such as share market tips, day trading tips, forex marketing tips and more.

Zomato Employees Burn Company T-Shirts to Protest Chinese Investment in Firm | Technology News
Submitted 44 day(s) ago by system

A group of Zomato food delivery platform employees in Kolkata tore and burnt their official T-shirts to protest Chinese investment in the firm. The agitation comes in the backdrop of the killing of 20 Indian soldiers in a clash with Chinese troops in eastern Ladakh's Galwan Valley on June 15.

Here's how Wirecard went from analyst darling to a $2.2 billion accounting scandal - and cost SoftBank hundreds of millions in the process | Markets Insider
Submitted 49 day(s) ago by system

Wirecard, one of Europe's leading financial technology companies, is at the heart of one of the region's biggest corporate accounting scandals i...

Are Memories of 2009 Adding Fuel to the Market Fire? - WSJ
Submitted 68 day(s) ago by system

Many investors failed to catch the best of the post-2008 rally. Fears of missing out again may explain the recent ‘dash for trash.’

Casinos reopen in Las Vegas - YouTube
Submitted 70 day(s) ago by system

CNBC's Contessa Brewer reports on the casino reopenings in Las Vegas. And Sandra Morgan, Nevada Gaming Control Board chairwoman, on the plans for keeping them safe.

Uber Says It Has Spent $19 Million on Coronavirus Financial Assistance for Drivers | Technology News
Submitted 78 day(s) ago by system

Under the program announced in mid-March, North American drivers received an average of nearly $650, but payout amounts varied widely by location, with Uber limiting the maximum payment per city and calculating support based on prior earnings.

Coronavirus crisis: govt borrowing hits record level - BBC News - YouTube
Submitted 81 day(s) ago by system

Government borrowing has surged to its highest level on record, underlining the scale of the economic damage caused by the coronavirus pandemic. The deficit, the difference between government spending and tax receipts, soared to more than £62 billion in April, due to the level of financial support provided by the Treasury, to help businesses and employees through the crisis. The hole in the government finances wasn't helped by a big drop in retail sales. They plummeted by a record amount in April, as many high street stores closed in the coronavirus lockdown. Clothing sales were hit hardest, down more than 50 per cent, although online spending online rose. The company which owns the coach firm Shearings has gone into administration. The Specialist Leisure Group, which is based in Wigan and employs more than 2,500 people also runs the brands UK Breakaways, Caledonian Travel and Country Living Hotels. Clive Myrie presents BBC News at Ten reports from Economics Editor Faisal Islam, Business Correspondent Emma Simpson and Judith Moritz in Wigan. Please subscribe HERE

Financial Gain Trumps Espionage as Top Motivator in Cyber Attacks: Report | Technology News
Submitted 84 day(s) ago by system

The report found that 86 percent of breaches were for money, not for purposes of spying. Credential theft, phishing and compromising business emails caused 67 percent of the cyber attacks.

Payment holidays and premium reviews confirmed for insurance customers struggling due to coronavirus
Submitted 90 day(s) ago by system

The financial regulator has confirmed it will introduce measures to help insurance customers struggling during the coronavirus pandemic – meaning insurers will need to assess whether they can change what's covered to offer customers lower premiums. Insurers may also be expected to offer customers payment holidays of up to three months

Investors should prepare for a U.S. ‘economic depression,’ warns Kyle Bass, but China’s fate could be even worse - MarketWatch
Submitted 91 day(s) ago by system

Kyle Bass made his name betting against the U.S. housing market more than a decade ago, and now he is predicting an economic contraction that could be more...

Small firms inundate UK banks with coronavirus loan requests | Business | The Guardian
Submitted 100 day(s) ago by system

Lender warns banks may struggle with demand for official ‘bounce back’ scheme

UK business confidence at all-time low, Deloitte report reveals | Business | The Guardian
Submitted 101 day(s) ago by system

Poll finds 90% of CFOs at big firms report high uncertainty with most forecasting a deep and prolonged downturn

Jio Added 1.75 Crore Subscribers in Last Quarter, Hits 38.75 Crore Total Subscribers | Technology News
Submitted 103 day(s) ago by system

Reliance Industries Limited (RIL) has announced that Jio subscriber base has reached 38.75 crore. In its financial and operational performance report ending March 31, the conglomerate revealed that Reliance Jio added over 1.75 crore subscribers in the January to March 2020 quarter.

After the best April for the Dow and S&P 500 in 82 years, is ‘sell in May’ in the coronavirus era a smart strategy? - MarketWatch
Submitted 104 day(s) ago by system

Sell in May and go away! It is one of the most common maxims in the investing world, but it may not necessarily hold true this time around as investors face...

Google's Apple Card Rival Leaked Online, Will Reportedly Integrate With Google Pay | Technology News
Submitted 108 day(s) ago by system

Google is reportedly working on a Google Card which will be its answer to the Apple Card launched last year.

Asian markets fall after Wall Street’s rally stumbles - MarketWatch
Submitted 110 day(s) ago by system

Asian shares were lower Friday after an early rally on Wall Street suddenly vanished, the latest example of how fragile the hopes underpinning the stock...

Oil Prices Soar as Traders Prepare for Wild Ride to Continue - WSJ
Submitted 111 day(s) ago by system

West Texas Intermediate futures rose 20%, extending a period of huge volatility that has ricocheted through the energy industry and broader financial markets.

Brent oil attempts rebound in volatile trade after prices touch 21-year low - MarketWatch
Submitted 112 day(s) ago by system

Oil futures trade mixed Wednesday, with the energy complex attempting to stabilize itself amid persistent pressure centered on a glut of crude and a dearth...

Oil Prices Slump as Crude Storage Shortage Intensifies - WSJ
Submitted 114 day(s) ago by system

Oil prices extended their declines as storage space ran low for the glut of crude no longer needed by economies hard hit by the coronavirus.

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