Distressed Caribbean Countries Face a Dilemma: They’re Too Rich

For Caribbean nations such as Suriname, Belize and Barbados, the pandemic hasn’t just shut down local economies. It’s also led some investors to worry about how they’ll repay their bonds. Unlike eight regional nations including Haiti, Honduras and Nicaragua that may qualify for a global debt relief initiative backed by the Group of 20, average incomes of the three make […]

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Trump on future China trade deal: 'I have not decided yet'

Trump: ‘Very torn’ on continuing US-China trade deal President Trump addresses stressed relations with China and where trade talks stand. President Trump said Friday he's having a difficult time with China, particularly on the issue of trade, following a phone call the previous night between U.S. and Chinese trade officials. Continue Reading Below China's Vice Premier Liu He, Treasury Secretary Steven Mnuchin and […]

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Cash Havens With $4.8 Trillion Fret Unthinkable Negative Returns

Money-market mutual funds, the ultimate havens for investors looking to preserve capital, once again are trying to maneuver in a zero interest-rate environment. The problem this time? They’re sitting on twice as much cash. Assets in money-market funds have soared to a record $4.77 trillion amid a flight to safety by investors this year. More than three-quarters of that is […]

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Lyft To Require Drivers, Passengers To Wear Face Masks

American ridesharing company Lyft, Inc. is set to roll-out a new health safety program that will ensure that riders and drivers are protected amid the ongoing coronavirus (COVID-19) outbreak. The new health and safety standards for ridesharing will require personal health certification for drivers and riders, face masks for drivers and riders as well as new health safety education for […]

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Oil gives up big gains from Saudi price hike

Despite coronavirus demand dip, cheap oil ‘isn’t here to last’: OPIS analyst OPIS energy analyst Tom Kloza argues oil prices will recover next year. Oil prices surrendered the early gains that developed after Saudi Arabia hiked prices and Chinese data showed a rebound in crude imports. Continue Reading Below Saudi Arabia on Thursday raisd prices for almost grades for June, according to […]

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SkyWest Q1 Profit Drops, But Stock Up

SkyWest Inc. (SKYW) reported that its first-quarter net income dropped to $29.99 million or $0.59 per share, from $88.18 million, or $1.69 per share last year, due to lower demand in March 2020 resulting from the COVID-19 outbreak. SKYW closed Thursday regular trading at $24.07, up $0.06 or 0.25 percent. In the after-hours, the stock further gained $2.43 or 10.10 […]

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Quibi & Eko Remotely Brawl Over Turnstyle Technology & “Severe” Harm In Court Hearing For Preliminary Injunction

Jeffrey Katzenberg’s Quibi went very close to the mattresses today in federal court in its ongoing rumpus with the now Elliott Management-backed interactive-video company over motion flipping technology. “This is a case built on circumstantial evidence,” Quibi’s top outside counsel Michael Jacob proclaimed in a telephone hearing Thursday addressing the JBF Interlude 2009 Ltd controlled company’s motion for a preliminary […]

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Stafford loans are the most popular low-interest federal loans — here’s why

Stafford Loans offer low-interest rates, low origination fees, and other borrower benefits. Learn why they’re the most popular type of federal student aid. (iStock) Stafford Loans are issued by the Department of Education to help students cover the costs of academic programs. Also known as Direct Loans, there are two types of Stafford Loans: Subsidized Direct Loans and Unsubsidized Direct Loans. […]

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