In the early days and weeks of the COVID-19 pandemic, Americans acted on equal parts fear and necessity converting their homes into offices, gyms, and schools.
Those who were healthy found themselves restless and in search of a distraction. People painted rooms different colors and baked banana bread, and some saw an opportune time to get a puppy.
https://finance.yahoo.com/news/puppy-scams-coronavirus-illegal-tender-podcast-162252189.html
The Dow was down for the week.
Leisure, travel, banking and consumer spending-oriented stocks got trampled in the stock market today as Wall Street focused on Texas’ decision to halt the reopening of its economy. In midafternoon trade, the Dow Jones Industrial Average sank nearly 600 points, or 2.3%, and traded near a session low of 25,054. The Dow Jones also looked poised for a test of institutional buying support at its 50-day moving average.
https://finance.yahoo.com/m/b8b333d2-f0f6-3e2e-8ea1-805664cacb9b/dow-falls-1-102-points-in-3.html
GNC Holdings Inc, the vitamin and herbal supplement retailer, has filed for bankruptcy, with plans to close at least 800 to 1,200 locations and possibly sell itself. Read More
Vitamin chain GNC files for bankruptcy, may close 1,200 stores and sell itself — Financial Post
U.S. business analytics firm Dun & Bradstreet said on Wednesday it plans to raise up to $1.38 billion in its initial public offering (IPO). Read More
Dun & Bradstreet looks to raise up to $1.38 bln in U.S. IPO — Financial Post
NEW YORK — Since hitting intraday lows on Read More
Runaway Nasdaq: A reason for caution is in the charts — Financial Post
Gold prices rose on Wednesday as Read More
Gold hovers near 7-1/2 year high on stimulus boost — Financial Post
Wirecard scandal: Missing billions likely don’t exist
BERLIN (AP) — German payment service provider Wirecard said Monday it has concluded that 1.9 billion euros ($2.1 billion) which were supposed to be held in two accounts probably don’t exist, deepening troubles that last week prompted the resignation of its chief executive.
https://finance.yahoo.com/news/germanys-wirecard-missing-accounts-probably-061610166.html
I originally plan to post a story about how Robinhood makes money. The app has been making news of late as more people have begun using the website to “Pandemic Trading.” Unfortunately one young trader took his own life because he did not understand the trades. The money and long term affects are real.
On the small yellow sticky note that 20-year-old Alex Kearns left on his bedroom door was an ominous message saying to turn on the computer.
Daniel Kearns powered up his son’s laptop in their home in Naperville, Ilinois. Within seconds, a four-paragraph letter flashed on the screen. “If you’re reading this, then I am dead,” the note started.
You gotta eat. One of the staple industry, even in a pandemic, is the food business. Walmart (WMT), Whole Foods and Kroger saw steady sales for the first two quarters of the year. Kroger, however, experienced a degree of pushback on the performance news on Thursday. The company witness investor pullback, is this an opportunity?
Only Kroger KR -3.05% seems excited about its own sales performance last quarter. Investors could show a little more enthusiasm.
The grocery chain saw an impressive uplift in revenue excluding fuel, growing it by 19.1% in the quarter ended May 23 from a year earlier. Total sales exceeded analyst expectations by 2.1%, and digital sales grew by a remarkable 92%. Earnings per share also came in 9% higher than expectations.
Qualcomm Inc on Tuesday said it is putting 5G technology into chips for smartphones that will sell for as little as $300 and that will come to market in the second half of this year. Read More
Qualcomm pushes 5G tech into chips for cheaper phones — Financial Post
the Java Exchange 