Business, Economy

“NFL’s Chiefs-Texans 2020 season-opener averaged 19.3 million viewers, down 12% from last year”

“The numbers are out, and the National Football League ratings for its 2020 Kickoff game Thursday attracted an average of 19.3 million viewers for the night, NBC Sports said on Friday. That’s about a 12% drop versus last year’s season… Continue Reading…

Business

“Mall owners Simon, Brookfield set to rescue JC Penney from bankruptcy in $800 million deal”

“U.S. mall owners Simon Property Group and Brookfield Property Partners are close to finalizing an $800 million deal to rescue the embattled department store chain J.C. Penney from bankruptcy, avoiding a total liquidation and saving about 70,000 jobs and 650 stores, Joshua Sussberg of the… Continue Reading…

Economy

“First-time jobless claims fall below 1 million for the first time since March”

“Another 963,000 Americans filed for regularfirst-time unemployment benefits last week on a seasonally adjusted basis — the first time in five months that number has dipped below 1 million, the Department of Labor said Thursday. It was the lowest number of weekly… Continue Reading…

Business

“Microsoft could buy TikTok for as much as $30 billion”

“Microsoft plans to finish its acquisition talks with TikTok within the next three weeks, ahead of the Sept. 15 deadline,  CNBC’s David Faber reported Wednesday. The deal could be worth up to $30 billion. If the deal goes through, Microsoft has already… Continue Reading…

Economy

“U.S. weekly jobless claims rise for a second straight week, total 1.434 million”

“The number of Americans who filed new claims for unemployment benefits last week totaled 1.434 million, the Labor Department reported Thursday, roughly in line with expectations, as the coronavirus pandemic continues to ravage the U.S. economy.  It was the 19th straight… Continue Reading…

Economy

“Almost 30 Million in U.S. Didn’t Have Enough to Eat Last Week”

“Food insecurity for U.S. households last week reached its highest reported level since the Census Bureau started tracking the data in May, with almost 30 million Americans reporting that they’d not had enough to eat at some point in the… Continue Reading…

Economy

“Jobless claims at better-than-expected 1.3 million, total getting benefits falls to 18 million”

“Claims for the week ended July 4 totaled 1.314 million, compared with the 1.39 million expected from economists surveyed by Dow Jones. The total marked a decrease of 99,000 from a week earlier, according to the Labor Department… Continuing claims… Continue Reading…

Stocks

“Top Ships Inc. Announces Pricing of $15.9 Million Common Shares Registered Direct Offering”

“TOP Ships Inc. (the “Company”) (NASDAQ:TOPS) announced today that it has entered into a placement agency agreement with Maxim Group LLC relating to the sale of the Company’s common shares (the “Placement Agency Agreement”).  Pursuant to the Placement Agency Agreement,… Continue Reading…

Economy

“Record jobs gain of 4.8 million in June smashes expectations; unemployment rate falls to 11.1%”

“Nonfarm payrolls soared by 4.8 million in June and the unemployment rate fell to 11.1% as the U.S. continued its reopening from the coronavirus pandemic, the Labor Department said Thursday. Economists surveyed by Dow Jones had been expecting a 2.9… Continue Reading…

Economy, Real Estate

“Millions Of Americans Skip Payments As Tidal Wave Of Defaults And Evictions Looms”

“Americans are skipping payments on mortgages, auto loans and other bills. Normally, that could mean massive foreclosures, evictions, cars repossessions and people’s credit getting destroyed. But much of that has been put on pause. Help from Congress and leniency from… Continue Reading…