Author: JavaExchange

The Federal Reserve filed a cease and desist order against Capital One for the bank’s 2019 data breach and also fined the bank $80 million. The Fed laid out steps that Capital One is required to take to improve its internal controls and risk management programs related to “cybersecurity and information security.”

Bank Regulators Crack Down on Capital One After Its Massive Data Breach (Macro News for August 8, 2020 – August 14, 2020) — Pearson Economic News

Harvard students will be studying 100% online this fall and many of them are not happy about the Covid-19 driven change. One Harvard freshman, Lucy Tu, is disappointed she will not be attending face-to-face classes with her peers and will still pay the same $49,653 in tuition and fees. If she opts to live on campus for one semester and attend online classes, she will pay $63,000 for limited interaction with classmates and faculty. Her third option is to postpone admission and take a gap year.

Is Harvard Worth $50,000 If It’s Only Online? That Depends on Who You Ask (Micro News for August 8, 2020 – August 14, 2020) — Pearson Economic News

Amazon.com Inc said on Monday it would spend $500 million on one-time bonuses to its front-line employees and partners working through the …

Amazon to pay $500 mln in one-time bonuses to front-line workers

Wall Street’s main indexes opened higher on Monday as Microsoft’s pursuit of TikTok’s U.S. operations and a clutch of upbeat quarterly earnings …

Earnings, Microsoft boost Wall St as investors await stimulus

I have never been a fan of a stock with a high cost and never turned a profit. Or Telsa. This video does explain why the company is worth more than Ford and GM combined. DATA.

Tesla Inc on Tuesday announced a five-for-one stock split, sending the electric carmaker’s recently high-flying shares up 7% in extended trade. Read More

Tesla sets 5-1 stock split and its high-flying stock soars again — Financial Post

TOKYO — Oil prices moved higher on Wednesday after an industry report showed that U.S. inventories of crude fell more than analysts had expected, bolstering hopes that fuel demand in the world’s biggest economy can weather the coronavirus pandemic. Read More

Oil prices bolstered by bigger-than-expected drop in U.S. crude stocks — Financial Post

BOSTON — Asian stocks were set for choppy trade on Wednesday after Wall Street dipped amid growing uncertainty about an additional round of U.S. fiscal stimulus. Read More

Asian markets set for mixed trade amid U.S. stimulus wrangling — Financial Post

Hello future millionaires, today this is a story about stock diversification. While I may not agree completely with the author of the article, the information is well worth your reading time.

Diversification is often described as the only free lunch in investing—reducing a portfolio’s risk without reducing expected return. This idea of spreading money across different kinds of investments is so accepted and so straightforward that it is a fundamental principle that even the most unsophisticated investors know about it.

But while many individual investors think they understand diversification, they often fall prey to certain myths that keep them from fully partaking in this free lunch.

https://www.wsj.com/articles/5-myths-about-stock-diversification-11596896778?st=5qn1g7y8lhmhn1i

Hertz Global Holdings Inc. raised $29 million selling its likely worthless stock before regulators dissuaded the bankrupt rental-car company from selling more.

The Florida-based company, which filed for chapter 11 protection in May, on Monday disclosed the results of a controversial effort to sell as much as $500 million in shares despite the severe financial strains that drove the company into bankruptcy.

https://www.wsj.com/articles/hertz-sold-29-million-in-stock-before-sec-stepped-in-11597100128?st=bzezyx60n0niluj