July 17, 2020
“Construction of U.S. homes jumped 17.3% in June as some states reopened… The Commerce Department reported Friday that new homes were started at a seasonally adjusted annual rate of 1,186,000 in June after a modest recovery in May followed steep… Continue Reading…
July 17, 2020
“SoftBank Group Corp. quietly sold an additional $2.2 billion of its stake in Alibaba Group Holding Ltd. as part of the Japanese conglomerate’s fund-raising effort to pay down debt and buy back its own shares. The deal, which includes a… Continue Reading…
July 15, 2020
“Overall market sentiment has been down on TOP SHIPS Inc (TOPS) stock lately. TOPS receives a Bearish rating from InvestorsObserver’s Stock Sentiment Indicator… TOP SHIPS Inc (TOPS) stock is unchanged -3.05% while the S&P 500 has risen 1.05% as of 9:53 AM… Continue Reading…
July 15, 2020
“Top Ships (TOPS -4.8%) tumbles after Maxim Group downgrades shares to Hold from Buy and removes its prior $0.40 price target, citing the potential for delays at shipyards delivering five new ships to the company in 2021. The company has four ships in… Continue Reading…
July 14, 2020
“Tesla Inc. TSLA, 0.68% shares on Monday rose more than 14%, headed for a record high and trading above shares of Google’s parent Alphabet Inc. GOOG, -1.42% GOOGL, -1.45% and Priceline.com’s Booking Holdings Inc. BKNG, -1.49%. The stock’s one-day gain is its best since a 16% jump in March. The rally… Continue Reading…
July 14, 2020
“Tesla CEO Elon Musk is now the seventh-richest person in the world, surpassing legendary investor Warren Buffett, as Tesla’s stock continues to skyrocket. Musk surpassed Buffett on Friday after Tesla shares hit an all-time high, giving Musk a net worth of… Continue Reading…
July 13, 2020
“Google is planning to invest $10 billion in India as part of plans to make the internet “affordable and useful” for a billion people. CEO Sundar Pichai announced the investment via livestream on Monday at the annual Google (GOOGL) for India event. “This is a reflection of our confidence… Continue Reading…
July 13, 2020
“Powered by ultra-low interest rates, corporate borrowing was already at an-all time high before the pandemic. Now, as cash-strapped companies frantically try to shore up their balance sheets, debts are expected to get even bigger. What’s happening: Corporate debt is poised to soar… Continue Reading…
July 10, 2020
“Rates on 30-year mortgages have fallen to record lows for the third consecutive week as inflation remains muted in a weakened economy, even in the face of persistent demand from homebuyers Mortgage buyer Freddie Mac reported Thursday that the average… Continue Reading…
July 10, 2020
“United Airlines is warning 36,000 employees — nearly half its U.S. staff — they could be furloughed in October, the clearest signal yet of how deeply the virus pandemic is hurting the airline industry… Airlines say they must shrink to… Continue Reading…
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