Millions of Americans are out of work because of the business closures caused by the COVID-19 pandemic, but you would not know about the S&P 500. The broad-market index, despite Tuesday’s strike, is about to close its first record high since February 19, a period of 121 trading days, including …
Read More »Chicago boutiques owners looting twice in three months for help: ‘We are not equipped to defend our store’
The owners of a Chicago boutique store pleaded guilty Tuesday after they were looted for the second time in three months this week, earning more than $ 25,000 worth. Londo Mondo owners Carrie and Ken Londe told “The Story” that their store was initially looted in May following unrest following …
Read More »Trump’s WeChat Assault threatens $ 280 billion Tencent Rally
(Bloomberg) – Donald Trump’s WeChat ban targets a famous Chinese innovation in the heart of the world’s largest mobile gaming and social media empire, threatening one of the more striking shares of 2020. It is difficult to understand the importance of WeChat for Tencent Holdings Ltd. to overwrite. It is …
Read More »Apple Inc. (NASDAQ: AAPL) – Why iPhone 12 Will Be Another ‘Defining Chapter’ in Apple’s Growth Story
The sales side is unanimously optimistic about the opportunities for the latest iteration of Apple Inc.’s (NASDAQ: AAPL) iPhone, which is expected to launch in October. The Apple Analyst: Wedbush analyst Daniel Ives maintained an Outperform rating on Apple and raised the price target from $ 475 to a Street …
Read More »The UK’s recession is the worst of any major economy
This crash in GDP in the period April-June is the worst since quarterly registrations began in 1955 and follows a contraction of 2.2% in the first quarter. Industries most exposed to government looting measures to contain the coronavirus pandemic – services, manufacturing and construction – saw record falls. “Today’s figures …
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