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Banking

“Fed moves to ensure companies can tap bond market for funds”

“The Federal Reserve said Monday that it will begin purchasing corporate bonds as part of a previously announced plan to ensure companies can borrow through the bond market during the pandemic. The program will purchase existing bonds on the open market, as… Continue Reading…

Banking, Economy

“10-year Treasury yield erases recent gains as S&P 500 books near 6% loss”

“What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y, 0.767% slumped 9.3 basis points to 0.651%, its lowest since May 29, falling below where it traded before the release of Friday’s jobs report. The benchmark maturity saw its biggest daily drop since… Continue Reading…

Economy, Stocks

“Stocks could fall a further 7% after last week’s correction. But here’s why Morgan Stanley says that’s ‘healthy’”

“The three major benchmark indexes suffered their biggest weekly losses since March 20 last week, as the Federal Reserve’s downbeat economic outlook and rising coronavirus cases unsettled investors. Fears of a second wave grew over the weekend and U.S. stock futures pointed lower early… Continue Reading…

Business, Stocks

“Bankrupt Hertz to sell up to $500 million in new shares”

“Hertz Global Holdings Inc <HTZ.N> will sell up to $500 million in new shares, the car rental firm said on Monday, as it takes advantage of a strong rally in its stock since it filed for bankruptcy last month. Hertz… Continue Reading…

Banking

“Federal Debt Tops $26 Trillion for First Time; Jumps $2 Trillion in Just 63 Days”

“The debt of the federal government topped $26 trillion for the first time on Tuesday, when it climbed from $25,960,547,920,986.11 to $26,003,751,512,344.91, according to data released today by the Treasury Department. The federal debt had topped $24 trillion for the first… Continue Reading…

Stocks

“Stocks suffer their worst day since March, with the Dow plunging more than 1,800 points”

“Stocks suffered their biggest one-day pull-back in three months on Thursday as traders grew concerned about the number of  coronavirus cases increasing in some states that are reopening up from lockdowns. Shares that have surged recently on hopes for a smooth reopening… Continue Reading…

Stocks

“12-month price target for Actinium Pharmaceuticals, Inc. (NYSE:ATNM) now sits at $4”

“Wall Street analysts have assigned a consensus price target of $2.3 to the stock, which implies a rise of 414.54% to its current value. Analysts have been projecting $0.7 as a low price target for the stock while placing it… Continue Reading…

Stocks

“Dow and S&P 500 post back-to-back losses, but Nasdaq closes above 10,000 for the first time”

“The Dow Jones Industrial Average and S&P 500  fell for a second straight day on Wednesday as traders once again took profits out of names benefiting from the economy reopening and rotated into mega-cap tech stocks. The S&P 500 closed 0.5% lower at… Continue Reading…

Economy

“Where’s my money? 35 million still waiting on stimulus checks, feds say”

“An estimated 30 million to 35 million people in the United States are still waiting on federal coronavirus relief payments, CBS News reports. The payments of $1,200 per person or $2,400 per couple, plus money for each minor child, have been going… Continue Reading…

Stocks

“Market Analysts see Actinium Pharmaceuticals Inc. [ATNM] gaining to $2.75. Time to buy?”

“Positions in Actinium Pharmaceuticals Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 14 institutional holders increased their position in Actinium Pharmaceuticals Inc. [AMEX:ATNM] by around 1,793,626… Continue Reading…