Stocks got off to a red-hot start to the week, with the Nasdaq cruising to record highs on Monday, and while the gloom-and-doom set have plenty of reason to believe it won’t last, Economic Cycle Research Institute co-founder Lakshman Achuthan doesn’t see it that way. At least that’s what his …
Read More »Under attack from short seller, J2 Global says it bought company from a consultant — documents indicate there’s more to the story
J2 Global Inc., a cloud service company and website operator, said the owner of a company it purchased was not a director — though public documents show he was on the board of one of the company’s subsidiaries. J2 Global was accused by New York–based Hindenburg Research, a short-selling investment …
Read More »Uber bets on delivery with $2.65 billion acquisition of Postmates as ride-hailing stalls
In the race to gain a competitive edge in the burgeoning food-delivery business, the major players are carving up the U.S. map. Uber Technology Inc.’s UBER, +5.99% intention to acquire privately held Postmates Inc. for $ 2.65 billion after its failed bid for Grubhub Inc. GRUB, +4.42% is a case …
Read More »Market Extra: Commercial real estate ‘somehow has been skipped over,’ for COVID-19 aid. Here’s a plan to change that through equity investments
Commercial real estate’s COVID-19 woes can’t be patched up with more debt. That’s Lisa Pendergast, executive director of the CRE Finance Council, an industry group focused on the $ 4.6 trillion commercial real estate finance market, on the pile of problems confronting properties as a result of the coronavirus pandemic. …
Read More »Europe Markets: Stocks in Europe rally on economic optimism
European stocks rose Monday, as signs of economic progress offset worries about growing coronavirus cases in the U.S. as well as India. Up 2% last week, the Stoxx Europe 600 SXXP, +1.57% rose 1.6%. London-listed shares of HSBC Holdings HSBA, +4.82% and Standard Chartered STAN, +4.27% jumped, responding to the …
Read More »The Margin: Refusing to wear a mask? This video clip might change your mind
A cartoon posted on a local newspaper’s Facebook page is using the Holocaust to criticize Kansas Gov. Laura Kelly’s order requiring masks to curb the spread of the coronavirus. “Lockdown Laura says: Put on your mask … and step onto the cattle car,” the caption reads. Dane Hicks, chairman of …
Read More »Investing legend Burton Malkiel on day-trading millennials, the end of the 60/40 portfolio and more
There aren’t many books about investing that remain relevant over 40 years after they were first published. Burton Malkiel’s A Random Walk Down Wall Street, first published in 1973 and now in its twelfth edition, is one. Malkiel’s observation — that short-term fluctuations in the markets make stocks unpredictable and …
Read More »Economic Preview: Just when it seemed safe to go back to restaurants a new coronavirus outbreak threatens U.S. jobs recovery
The U.S. got some great news Thursday with the rehiring of 4.9 million people in June, but the two steps forward the economy took in May and June could be followed by one step back in July. The problem? A resurgence in coronavirus cases, especially in states that allowed their …
Read More »Top Ten: Weekend reads: How to be safe, with or without a face mask
The rise in COVID-19 infections as many states reopen is alarming. State officials have blamed young people congregating in bars. In some states, bars are banned from serving alcohol, and plans to allow indoor dining are back on hold. But in many other states, indoor restaurants have reopened and stayed …
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