Author: JavaExchange

As the economic slows or in some area stops, the people in C – suite appear to be profiting. Are the laws to lack in the US for executives and corporate governance strategies just a mirage to the working staff.

As JCPenney struggles with missed debt payments and prepares for a possible bankruptcy filing, it approved bonuses of $1 million or more to its top four executives.JCPenney won’t comment on its bankruptcy plans, but it disclosed that it missed two recent debt payments: $12 million due to bond holders on April 15, and a $17 million payment due on a credit line this past Thursday. The grace periods for those missed payments are Thursday and Friday this week, suggesting a bankruptcy filing could be imminent.

https://www.cnn.com/2020/05/13/investing/jcpenney-bankruptcy-bonuses/index.html

Sen. Richard Burr (R-NC) listens to testimony during a Senate Health, Education, Labor and Pensions Committee hearing on Capitol Hill on May 12 in Washington, DC. | Win McNamee/Getty Images Sen. Burr has stepped down as chair of the Senate Intelligence Committee after the FBI executed a search warrant at his home Thursday morning. North…

Sen. Richard Burr and the coronavirus insider trading scandal, explained — Vox – All

The Federal Reserve’s stash of bonds and other assets grew to nearly $7 trillion this week, but several of its programs are seeing slackening demand from banks and investors and a much-anticipated corporate bond buying facility bought little in its first two days of operations. Read More

Fed corporate bond program starts with a fizzle as total assets near $7 trln — Financial Post

The New York Stock Exchange (NYSE) trading floor will partially reopen on May 26, over two months after it closed down to control the spread of the coronavirus, NYSE President Stacey Cunningham said https://www.wsj.com/articles/the-nyse-will-reopen-the-trading-floor-11589487300?mod=opinion_lead_pos5 in an opinion piece in the Wall Street Journal. Read More

NYSE to partially reopen trading floor on May 26 – WSJ — Financial Post

When global equity markets lost around US$16 trillion of their value in a single month this year, the wealthy found themselves no more protected from financial loss than anyone else. Read More

Investors set to lose nearly US$500B in dividends as equity-income strategy takes a hit — Financial Post

NEW YORK — Oil prices fell more than 1% on Wednesday despite the first decline in U.S. crude inventories since January, as markets were affected by a solemn address from U.S. Federal Reserve chairman warning that economic recovery from the coronavirus pandemic would take many months. Read More

Oil slips more than 1% despite surprise U.S. crude stock drawdown — Financial Post

BRUSSELS — The European Union on Wednesday pushed to reopen internal borders and restart travel, although the prospects of reviving tourism ahead of the summer season were mixed as public fears over health and safety weigh heavily during the coronavirus pandemic. Read More

EU pushes to reopen borders for summer tourism amidst coronavirus — Financial Post

NEW YORK — Stock markets tumbled on Wednesday as fears about a second wave of coronavirus infections and warnings from Federal Reserve Chairman Jerome Powell that the U.S. faces a “significantly worse” recession than any since World War II weighed on investor sentiment and boosted safe-haven bonds. Read More

Equities slide, bonds rise, on Fed warning of prolonged recession — Financial Post

LONDON — The London Stock Exchange on Wednesday formally asked the European Union’s competition officials to approve its $27 billion takeover of data and analytics company Refinitiv. Read More

London Stock Exchange seeks EU approval for $27 billion Refinitiv bid — Financial Post

The biscuits are good, but they’re not THAT good.

Nevertheless, Red Lobster drew big — and, at times, unruly — crowds at its Ross Township, Pa., location over the weekend, according to WPIX. As you can see from this video, which has already racked up more than 2.4 million views, not everybody was in a holiday mood:

https://www.marketwatch.com/story/red-lobster-customer-tangles-with-staff-in-this-ridiculous-mothers-day-melee-2020-05-13?mod=investing