Michael Bloomberg Spent More Than $1 Billion on Presidential Bid

Michael Bloomberg put $1 billion into his short-lived Democratic presidential bid, a record-shattering amount for any campaign, let alone one that lasted four months, according to his latest filing with the Federal Election Commission. The former New York mayor also spent $176 million in March as he wound down his operation, including $18 million he transferred to the Democratic National […]

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Is unemployment really as deadly as coronavirus?

In the 2015 movie “The Big Short” about the Great Recession, Brad Pitt’s character Ben Rickert is strolling in Las Vegas with two Wall Street colleagues who are elated about all the money they made betting that the US economy was in trouble. Their bet, of course, was that problems with mortgage-backed securities would hurt banks and the entire American […]

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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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