U.S.-China tensions rise – Bill Ackman and others on how to view the market

U.S.-China tensions are again in focus after the U.S. ordered the Chinese consulate in Houston to close. China's Foreign Ministry called the move an "unprecedented escalation." Four experts break down what it means for the market. Billionaire investor Bill Ackman explains that he's cautious right now.   "We're long-term bullish on markets. We continue to own the same positions we owned […]

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Brazil Reports Record Covid Cases Days After WHO Sees Plateau

Brazil reported a record number of coronavirus infections, days after the World Health Organization said the country had reached a plateau. The Latin American country registered 67,860 new cases on Wednesday, more than 20% above the previous record for daily infections. The number of Covid-19 cases added in the last 24 hours pushed the total to 2,227,514. Deaths rose by […]

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Why Tesla’s Q2 Is So Shocking

Tesla, Inc. (NASDAQ: TSLA) reported its most recent quarterly results after the closing bell on Wednesday. The electric vehicle (EV) giant said that it had $2.18 in earnings per share (EPS) and $6.04 billion in revenue, compared with consensus estimates that called for $0.03 in EPS and $5.23 billion in revenue. The first quarter from last year had a net […]

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3 steps to increase your chances of getting a private student loan despite their low approval rate

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective. Only about 21% of applicants were approved for private student loans in 2020, according to data from LendEDU. Unlike federal […]

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What to watch today: Wall Street under some pressure after tech profit-taking

Dow futures were pointing to a modest decline at Wednesday's open as investors digest two breaking stories. First up, the U.S. said Wednesday morning that it has agreed to pay $1.95 billion for Pfizer to produce and deliver nationally 100 million doses of its Covid-19 vaccine candidate if it proves safe and effective in humans. Secondly, the State Department confirmed an order to close […]

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Bill Ackman says he’s ‘long-term bullish on America’ and the stock market, but sees a short opportunity in junk bonds

Bill Ackman said in an interview with CNBC on Wednesday that he is still “long-term bullish on America” and the stock market even as COVID-19 cases continue to surge throughout the country. Ackman said he continues to own stock in Hilton, Starbucks, Lowes, and Restaurant Brands, among other names, and is “effectively 100% long.” However, Ackman said he is cautious […]

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Trump always wanted his own police force. Portland's just his excuse to use it.

Trump's always thought of federal law enforcement agents as the president's own toy soldiers. He's sent them to Portland to arrest protesters, and now he's threatening to send them to other cities with Democratic mayors and governors.  Trump's actions might be unconstitutional, but they're not illegal.  A slew of post-9/11 laws and regulations have placed a dangerous amount of authority […]

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College student makes masks for deaf and hard of hearing

New York (CNN Business)Danny Engel lost his independence after the coronavirus pandemic hit. Engel, who has epilepsy, normally works part-time at CVS (CVS) in Bedford Hills, New York, during the week and lives in his own apartment in a supported living program. He receives help for daily tasks, such as cleaning his apartment and grocery shopping. But when the shutdown […]

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California Overtakes New York In Coronavirus Infections

California has overtaken New York as the worst-affected state in terms of total coronavirus infections. With more than 10,000 people testing positive for the deadly virus Tuesday, the state’s total cases increased to 409,382, as per Johns Hopkins University’s latest data. 117 people died of COVID in the same period, taking the total number of casualties in California to 7890. […]

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