Financial
Trump Admin Abandons Black Lives in COVID-19 Crisis
WASHINGTON, D.C. – During yesterday’s House Appropriations subcommittee hearing, Centers for Disease Control and Prevention (CDC) Director Robert Redfield lamented the Trump administration’s failure to properly collect and report on racial disparities in COVID-19 patients and the negative impact it had on states’ ability to properly protect and support black lives during the pandemic crisis. The […]
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Read MoreNon-Farm Payrolls Rise By 2.5 Million
The major indices are all trading significantly higher at midday thanks to the strongest government jobs report on record. While the Nasdaq has been clearly lagging behind the other benchmarks, the vast majority of stocks are sporting lofty gains, and the Dow and the S&P 500 are well on track for their best day since […]
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Read More2020 A Notable Years For Proxy Fights Involving Activists
Activist investing is staging a recovery of sorts but not all forms are coming back with equal vigor. Q1 2020 hedge fund letters, conferences and more By the number of U.S. companies publicly subjected to activist demands, activism was down 10% at the end of May, having been down as much as 12% two months […]
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Read MoreWhitney Tilson Sold Nearly Half Of His Airline Stocks
Whitney Tilson’s email to investors discussing the jobs report; Why he sold nearly half of his airline stocks yesterday; ‘bankrupt in just two weeks’ – individual investors get burned by collapse of complex securities. Q1 2020 hedge fund letters, conferences and more The Jobs Report 1) Following up on yesterday’s e-mail about the bull-bear debate […]
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Read MoreRestaurants and Bars Remain Most Impacted by COVID-19
New Unemployment Data: Restaurants and Bars Remain Industry Most Impacted by COVID-19 Crisis Q1 2020 hedge fund letters, conferences and more Restaurants and Bars Most Impacted By COVID-19-Related Job Losses WASHINGTON, D.C. — Today, new monthly unemployment data released by the Bureau of Labor Statistics (BLS) indicated that the restaurant industry remains the most impacted […]
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Read MoreMay job figures just as shocking as April, but in a positive direction
Jeoff Hall, Managing Economist, Refinitiv, while discussing May jobs figures, comments: Q1 2020 hedge fund letters, conferences and more Stunning May Jobs Figures “We are almost as stunned by the May jobs figures as we were by the prior month’s figures. The economy added back 2.5 mn jobs in May , more than 12% of […]
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Read MoreTropical storm Cristobal to intensify, Gulf coast on watch for rain & surge
Tropical storm Cristobal is expected to emerge back over the Gulf of Mexico later today and head generally northwards towards the United States, with strengthening forecast and still a chance that the storm could be named hurricane Cristobal prior to landfall. In general the warm waters of the Gulf of Mexico are strong enough to…
Read MoreSecond coronavirus stimulus package: Calculate your HEROES payment
Millions of Americans have received up to $1,200 of Economic Impact Payments (EIPs) as part of the CARES Act. The funds were given to help people meet their needs amid the coronavirus pandemic. It’s been over two months since the CARES Act was turned into law, and now talks are ongoing over the need of […]
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Read MoreVP Mike Pence on inequality, coronavirus relief for states
CNBC Exclusive: CNBC Transcript: VP Mike Pence speaks with CNBC’s “Squawk on the Street” today WHEN: Today, Friday, June 4, 2020 WHERE: CNBC’s “Squawk on the Street” Q1 2020 hedge fund letters, conferences and more Vice President Mike Pence on addressing inequality, coronavirus relief for states VP Mike Pence on China tensions, whether the […]
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