Peathegee Inc Homeowners in New Jersey are getting a little bit of breathing room on their property taxes. Gov. Phil Murphy signed an executive order permitting municipalities to shift the property tax payment deadline from May 1 to June 1. The Garden State is home to the highest levies on property in the nation, with
Month: April 2020
Western Digital hard drives are shown for sale at an Office Depot Inc store in Encinitas, California. Mike Blake | Reuters Check out the companies making headlines after the bell. Amazon — The e-commerce giant’s stock tumbled 5% in extended trading after the company posted its first-quarter financial results. The company reported first-quarter earnings of
The Zacks Earnings ESP (Expected Surprise Prediction) Filter lets you search for stocks with the highest probability of positively surprising (or negatively surprising, if that’s what you’re looking for). This proprietary metric has proven to predict earnings surprises with a 70% accuracy. And when the ESP is used with Zacks Rank #1 Strong Buys, #2
Individuals and businesses earn income—money for providing goods or services or by investing capital in assets like individual retirement accounts (IRAs). Other sources of income include pensions or Social Security. This income may be used to fund day-to-day expenditures and necessities or to spend on things people want rather than need. Income can be divided
More than 3.8m Americans filed new claims for jobless benefits last week, bringing the six-week total since the start of the lockdowns to curb the coronavirus pandemic to more than 30m. The number of initial unemployment claims fell from 4.4m the previous week, the US labour department said on Thursday, against expectations of 3.5m. But
A United Parcel Service worker delivers packages on April 29, 2020 in New York City. Stephanie Keith | Getty Images Half of the S&P 500 companies have reported earnings for the first quarter and this has been the strangest earnings season imaginable. Consider: Global activity has ground to a halt in some sectors, but
The U.S. central bank, the Federal Reserve, has a dual mandate: to work to achieve low unemployment and stable prices. During a recession, unemployment rises and prices sometimes fall in a process known as deflation. The Fed, in the case of steep economic downturns, may take dramatic steps to suppress unemployment and bolster prices both
The Federal Reserve kept its main interest rate close to zero on Wednesday, as officials weighed the impact of the heavy dose of liquidity and stimulus already delivered to the US economy in the last two months. At the end of a two-day meeting on Wednesday, the Federal Open Market Committee stopped short of any
The belly of the municipal yield curve is experiencing little constructive activity as participants rely on the Federal Reserve for short-end support and put their trust in the ultimate recovery of issuers with long-end investment. The primary digested a massive $1.12 billion bond offering from New York Power Authority. The entire deal was structured to
The Federal Reserve said Wednesday it would keep its benchmark interest rate near zero in response to the economic shock from the coronavirus crisis. “The most significant responsibility of the Fed now is to make sure that credit markets continue to function,” said Greg McBride, chief financial analyst at Bankrate.com. “Without functioning credit markets, there will be no economic
A view of New York state department of labor office in Brooklyn New York USA during coronavirus pandemic on April 14, 2020. John Nacion | NurPhoto | Getty Images Some economists expect there were at least 4 million workers who filed for state unemployment benefits last week, signaling the job losses could be greater than
Welcome to Traders TV Tuesday and today we have a question from Paul that asks “Do you need to go to school or have a college degree to become a successful stock trader?” Well, Paul if you’re talking about the traditional sense in terms of education which I assume you are, you don’t need to
Almost all markets across the world have been in turmoil owing to the economic uncertainties brought about by the coronavirus pandemic, and in that regard, the crypto market has been no different. However, one of the major cryptocurrencies to have made a remarkable recovery since hitting its lowest levels in March is Ethereum (ETH), and
The U.S. government issues Treasury securities to fund the deficit between the amount of money that it takes in through taxes and other sources, and the amount of money that it spends on defense, welfare programs, and the interest it pays on its current debt. The government’s total debt is around $22 trillion. Roughly three-quarters
The US economy shrank in the first quarter by its fastest rate since the 2008 financial crisis, ending the longest expansion on record as lockdowns aimed at curbing the coronavirus pandemic choked off economic activity. Gross domestic product, or the value of all goods and services produced by the economy, shrank at an 4.8 per cent
General Electric reported Wednesday a steep declines in first-quarter revenue and earnings as the industrial giant took a hit amid the coronavirus pandemic. The company posted a total revenue of $20.524 billion, which represents a year-over-year decline of 8%. GE Industrial profits fell 46% year over year to $1.096 billion from $2.017 billion. On an
In February 2015, RadioShack (RSHCQ), a renowned electronics store, filed for Chapter 11 bankruptcy protection following many financial and operational missteps. The company had too many stores that cannibalized revenues from each other and generated losses. RadioShack failed to adapt and stay relevant when most electronics sales shifted online, and the retailer was stuck in
President Donald Trump plans to order meat-processing plants to remain open, as concerns mount about the food supply chain after the closure of a number of big facilities because of coronavirus outbreaks. Speaking to reporters on Tuesday afternoon, Mr Trump said his team was drafting an order that he would sign “over the next hour
The secondary market saw yields rise again by at least five or six basis points. New deals were priced but issuers faced yield concessions. The market isn’t facing 50-basis-point swings, but its footing is still off as participants grapple with the long-term effects of the pandemic. Additionally, the market will potentially see bonds maturing in
A view of an apartment building in the Chelsea neighborhood of Manhattan, New York City. Drew Angerer | Getty Images As job losses and unemployment continue to increase as a result of the coronavirus pandemic, more than half of Americans who rent their residence say they lack confidence they will be able to pay May
A woman walks in the rain outside the New York Stock Exchange (NYSE) in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York, April 13, 2020. Andrew Kelly | Reuters I know this sounds strange, but this was a good day for the stock market, even with
The Roomba robot vacuum from iRobot iRobot Check out the companies making headlines after the bell. Alphabet — Google’s parent company saw its stock rise 7% in extended trading after the company reported first-quarter financial results. Alphabet said it had revenue growth of 13% in the first quarter. It reported earnings of $9.87 per share
This article lists the top 20 names in the Index, along with their respective ticker symbols, index weighting, market capitalization, and trading price as of April 27, 2020. The S&P 500 Index is market cap weighted. This method divides the market cap of a company by an index’s total market capitalization to determine the weights.
US oil prices fell sharply in volatile trading on Tuesday as concerns over storage capacity prompted fears the American crude benchmark could again plummet into negative territory. The West Texas Intermediate contract for June delivery fell 20 per cent to a low of $10.07 a barrel in early London trading, before regaining some of that
Jeffrey Gundlach speaking at the Sohn conference in New York on May 4, 2016. David A. Grogan | CNBC Billionaire hedge fund manager Jeffrey Gundlach said a popular exchange-traded fund is incredibly overvalued given some of the Federal Reserve’s actions to support the economy during coronavirus pandemic. “The LQD looks to be about the most
In 1983, legendary commodity traders Richard Dennis and William Eckhardt held the turtle experiment to prove that anyone could be taught to trade. Using his own money and trading novices, how did the experiment fare? The Turtle Experiment By the early 1980s, Dennis was widely recognized in the trading world as an overwhelming success. He had turned an initial
The Trump administration’s small business bailout programme hit another hurdle on Monday when the computer system processing loan applications crashed after being overwhelmed with demand on the day the fund reopened. Bankers from the biggest and smallest US lenders said they encountered delays and outages as they tried to log on to the system approving
A Puerto Rico COVID-19 medical task force recommended the staged opening of the island’s economy. The task force presented its recommendations to Gov. Wanda Vázquez Garced, who appointed its members. It said that those areas with the least likely transmission of the virus should be opened first, progressively followed by others with that had higher
Contractors construct a wood deck while working on a home under construction in the Norton Commons subdivision in Louisville, Kentucky, U.S., on Monday, March 23, 2020. Luke Sharrett | Bloomberg | Getty Images Home sales nearly ground to a halt at the end of March, as the coronavirus pandemic forced an economic shutdown that scuttled
Twitter CEO and co-founder Jack Dorsey gestures while interacting with students at the Indian Institute of Technology (IIT) in New Delhi on November 12, 2018. Prakash Singh | AFP | Getty Images Check out the companies making headlines midday Monday: Las Vegas Sands, Kohl’s, Gap, MGM Resorts — These stocks all rose sharply as hopes
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