Saturday, July 11, 2020
Walmart quietly registers insurance business in its latest move into health care
A Walmart Care Clinic in Carrollton, Georgia, is ready to start seeing patients. Those who use the clinic will pay $4 if they are covered by Wal-Mart's employee health plan or $40 if they do...
HSBC Slumps as U.S. Weighs Moves to Punish Hong Kong Banks
(Bloomberg) -- HSBC Holdings Plc, which draws more than two-thirds of its pretax income from Hong Kong, slumped as advisers to U.S. President Donald Trump were said to be discussing a move to punish banks...
AMC surges after WSJ report that it's working to avoid bankruptcy
A medical worker wearing a mask walks near the AMC movie theater in Times Square amid the coronavirus pandemic on May 7, 2020 in New York City.Alexi Rosenfeld | Getty ImagesAMC Entertainment shares jumped as...
Frank Brosens Taconic Capital
The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings...
The billionaires and country clubs that received PPP loans
Billionaires, country clubs, private jet companies and Kanye West all received millions in government funding under the Paycheck Protection Program, according to the Small Business Administration. The PPP loans and grants were part of the $2...
All Eyes on China’s Unstoppable Stocks After $460 Billion Rally
(Bloomberg) -- China’s equity market is firmly in the spotlight after an almost unprecedented rally that helped lift global stocks to a one-month high.The speed of the past week’s gains in China is in many...
Asia Pacific stocks mixed as investors await Reserve Bank of Australia rate decision
Stocks in Asia Pacific traded mixed on Tuesday morning as investors await the Reserve Bank of Australia's interest rate decision.In Japan, both the Nikkei 225 slipped 0.31% while the Topix index shed 0.33%. South Korea's Kospi advanced 0.77%,...
Dakota Access Oil Line to Be Shut by Court in Blow for Trump
(Bloomberg Law) -- The Dakota Access pipeline must shut down by Aug. 5, a district court ruled Monday in a stunning defeat for the Trump administration and the oil industry.The decision, which shuts the pipeline...
Basecamp founder on becoming a millionaire overnight
David Heinemeier Hansson remembers the moment he became a millionaire. He grew up "lower middle class," so the moment was significant, he said.It was also a let down. "The euphoria I felt when it was finally real...
China Stokes a Stock-Market Mania, Risking Repeat of 2015 Bubble
(Bloomberg) -- The dramatic moves in Chinese stocks over the past week are inviting comparisons with a bubble that burst spectacularly five years ago.In many ways, the pace of gains matches the market’s melt-up that...