Cart

0

Economy

“Oil in New York Tops $40 With Demand Recovery Accelerating”

“Oil rallied as stronger consumption continued to push physical markets higher, even as many countries struggle to bring the coronavirus under control. Futures in New York traded above $40 a barrel on Friday and are up about 11% this week.… Continue Reading…

Economy

“Over 40% of Consumers in Some States Have Delinquent Household Debt, Data Indicate”

“Nationwide, 31% of people with credit bureau records had debt in collections last year, according to the 2018 figures, which were published by the Urban Institute. The median amount of that debt was $1,639. “The share of consumers with financial distress,… Continue Reading…

Business, Stocks

“One FANG stock could rally another 40% before it gets overvalued, trader says”

“Yes, they’re [Google] spending some money right now on one-day shipping but that’s a short-term drag and that’s actually going to make them much, much stronger in the long run,” Tepper said… “It’s trading in the mid-$1,700s right now. We… Continue Reading…

Banking, Economy, Personal Finance

“Mastercard and Visa agree to cut overseas card fees”

“Mastercard and Visa have both agreed to cut their fees for tourists using their cards in the EU, after a long-running battle with the European Commission. The credit card firms will now charge retailers around 40% less on non-EU credit… Continue Reading…

Stocks

“Magellan Health Down Nearly 40%, in a Year: What’s Next?”

“During fourth quarter results, the company reported an operating loss of 77 cents per share missing the Zacks Consensus Estimate of $1.42 per share. In the year ago quarter, the company reported earnings of $2.55 per share. Revenues of $1.84… Continue Reading…