Author: JavaExchange

As we look for a safe method to reopen the economic, many governors plan to allow barbershops to be the first to open to the public. Could your local barber have the answer to keeping the public safe in the shop already? If your barber has a UV light to disinfect the electric clippers you have already witnessed a possible solution to the COVID 19 pandemic. The old adage “buy how there is blood in the streets” while morbid is true. One man’s salvation is another woman’s next stock purchase.

A side effect of the 2008 financial crisis was that the average taxpayer had to dig deep into her and her children’s pockets to save many financial assets. Given the uneven concentration of financial assets, this rescue mission was in fact a bailout of the rich. At the time, advocates argued that these side effects…

The Wealth Effects of Bailouts: A Quantitative Assessment — Institute for New Economic Thinking

BUENOS AIRES — Argentina remained open to dialog with creditors hours ahead of a Friday afternoon deadline for bondholders to agree to the government’s bond restructuring offer and will reassess after the deadline expires, Economy Minister Martin Guzman said. Read More

Argentina says open to dialog with creditors ahead of debt deadline — Financial Post

Main Street and Wall Street are not usually tied to the same reality. This fact has never been more on display than the recent market movements during the pandemic. As the the jobless claims reach closer to 1929 figures than 2008 figures, the average investor may wonder how the market can rise with double digit unemployment?

SAN FRANCISCO — Millions of U.S. residents were counted as employed in April despite having no job, suggesting April’s true unemployment rate was closer to 20%, much higher than the official 14.7% reported, the Labor Department said Friday. Read More

U.S. jobless rate likely much higher than 14.7%, Labor Dept says — Financial Post

Brazil’s real led Latin American Read More

Brazil’s real continues to underperform; Central bank meetings watched — Financial Post

NEW YORK — The U.S. Securities and Exchange Commission on Wednesday voted to order exchanges and the Financial Industry Regulatory Authority to create a new governance plan for the dissemination of stock market data needed for trading. Read More

U.S. SEC orders new governance plan for stock market data — Financial Post

NEW YORK — Oil prices soared on Tuesday, as some European and Asian countries along with several U.S. states began to ease coronavirus lockdown measures. Read More

Oil prices surge as coronavirus lockdowns ease — Financial Post

NEW YORK — Capital One Financial Corp told staff on Tuesday the bank’s offices in the United States, Canada and the UK will remain closed to all non-essential staff due to the coronavirus outbreak through at least Sept. 7. Read More

Capital One’s North American, UK offices to stay closed until September -memo — Financial Post

U.S. agencies are probing Wells Fargo & Co’s handling of the Paycheck Protection Program (PPP) for coronavirus relief, the country’s fourth largest lender said on Tuesday. Read More

Wells Fargo gets federal inquiries over handling of PPP loans — Financial Post

WASHINGTON — Drugmaker AbbVie has won U.S. antitrust approval to buy Botox-maker Allergan, a blockbuster $63 billion deal when it was announced last year, the companies announced on Tuesday. Read More

AbbVie wins U.S. antitrust approval to buy Allergan — Financial Post