NBCUniversal’s Fandango Acquiring Vudu From Walmart

Vudu, the digital movie and TV unit of Walmart, is being acquired by NBCUniversal’s Fandango division. Founded in 2004 and acquired by Walmart in 2010, Vudu offers about 10,000 free movie and TV titles through a streaming service. It also enables the rental and purchase of some 150,000 titles, including new releases. The news was confirmed Sunday night in a […]

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What is a bear market?

New York (CNN Business)Market volatility has reached epic heights in the past few weeks, so it’s tempting for investors to throw up their hands. Why not just ditch stocks and put money into cash in order to avoid big drops? That would probably be a mistake. Long-term investors need to ride out the inevitable bear markets — as painful as […]

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An ‘Epic Supply-Demand Battle’ Is Looming Across Bond Markets

In this article In coronavirus-rocked debt markets, a historic wave of government bond selling is meeting the biggest monetary buying program on record. But even as central banks unleash their trillions, the issuance spree across developed economies is proving far from smooth sailing. Bill auctions are struggling in Spain and France. Hedge funds are seeking ways to exploit supply-and-demand glitches […]

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Cosigning a personal loan? 10 questions to ask beforehand

Don’t become a personal loan cosigner until you’ve answered these 10 important questions. (iStock) When your credit score or income is low or you’re just starting out, a bank or credit union may require that you have a cosigner to take out a personal loan. It's their way of protecting their risk by getting a guarantee. If you’re the person […]

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United Airlines sees $2.1B loss as coronavirus hits growth hopes

Trump announces Treasury Department support for airline industry President Trump discusses how the Payroll Support Program will give economic relief to the airline industry. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below CHICAGO (Reuters) – United Airlines said on Monday it expects to report a pre-tax loss of about […]

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GM, Ford Credit Arms May Lose Billions on Car-Price Plunge

In this article General Motors Co. and Ford Motor Co.’s finance arms likely face multibillion-dollar losses linked to the dramatic drop in used-vehicle prices, JPMorgan Chase & Co. analysts said. Prices are falling faster and steeper than JPMorgan was expecting, lead analyst Ryan Brinkman wrote in a report Monday, citing mid-month data from Manheim. The auto-auction firm’s closely watched used […]

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CLO Reckoning Arrives: Downgrade Wave Tests $700 Billion Market

As U.S. financial markets have rebounded feverishly this past month from the worst of the coronavirus-induced sell-off, one asset has been conspicuously absent from the rally: the collateralized loan obligation. Prices in key parts of the almost $700 billion market — which through large doses of Wall Street alchemy provides financing to companies with less-than-stellar credit scores — have remained […]

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