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Executives at Bankrupt Companies Scored $131 Million in Bonuses

Published: July 14, 20205 min read45 comments
(Bloomberg) -- Before the bankruptcies came the bonuses: $10 million at J.C. Penney Co., $25 million at Chesapeake Energy Corp., $1.5 million at Hertz Global Holdings Inc...
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JPMorgan Warns Of 'Moment Of Truth' Ahead, Prolonged Economic Pain As Bank Stocks Report

Published: July 14, 20205 min read0 comments
Bank stocks largely fell on Tuesday, after JPMorgan Chase (JPM) said it was bracing for double-digit unemployment through the first half of next year on expectations of "much more protracted" pain, as rising U.S. coronavirus cases re-close the economy, while Wells Fargo (WFC) said it was slashing its dividend...
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Opinion: There’s a bearish pattern in the stock market, but momentum investors are hanging tough

Published: July 14, 20203 min read4 comments
The stock market has traced what’s called a negative reversal pattern, which reminds me of March 2000. In the year 2000, tech stocks crashed. Investors with portfolios primarily consisting of momentum stocks that were popular at that time ultimately lost over 90% of their value. This time is different, in some ways, but similar to 2000 as well. Nonetheless, prudent investors should pay attention...
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It’s time for investors to stop buying stocks that are ‘stunningly decoupled’ from reality, economist warns

Published: July 14, 20203 min read176 comments
‘The investing challenge may well shift in the months ahead from riding an exceptional wave of liquidity, which lifted virtually all asset prices, to steering through a general correction in prices and complex individual nonpayments.’...
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JPMorgan beats on earnings but Dimon warns on 'much uncertainty'

Published: July 14, 20203 min read85 comments
JPMorgan Chase (JPM), the largest U.S. bank by assets, kicked off the second-quarter earnings season for big banks on Tuesday by delivering stronger-than-expected results during the height of the COVID-19 pandemic. Here were the key figures versus the expectations for the second quarter, according to analysts polled by Bloomberg...
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'They want to play soldier': Experts weigh in on the program militarizing American cops

Published: July 14, 202015 min read284 comments
In 1997, Congress codified the federal 1033 program to transfer surplus equipment from the military to civilian law enforcement agencies for domestic counter-drug and counter-terrorism activities...
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The FBI monitoring your browsing history without a warrant might just be the beginning

Published: May 20, 20205 min read0 comments
While much of the world is focussed on the COVID-19 pandemic, the US Senate recently voted to expand its surveillance powers. As part of a reauthorization of the Patriot Act, law enforcement agencies such as the FBI and CIA can continue to look through the browsing history of American citizens without the need for a warrant...
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'Clock is ticking': Strategist warns the growth stock trade will come undone

Published: July 14, 20205 min read3 comments
NEW YORK (Reuters) - Some investors are getting increasingly worried about the outlook for technology and big growth stocks after a massive rally which has pushed the Nasdaq Composite index to record highs despite the coronavirus-inflicted economic damage...
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Bank analysts warn of 'confusing, sloppy, and shocking' earnings as COVID-19 extends grip

Published: July 13, 20203 min read57 comments
Bank earnings could reveal ugly-looking loan portfolios for the second quarter, but the industry hopes to champion its investment banking and cost-cutting efforts to squeeze out earnings. Earnings season will kick off on Tuesday as JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC) report earnings before the market bell, covering the large U.S. banks’ performances through the three-month period ended June 30...
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Personal bankruptcies plunge during pandemic, but 'a flood' could be on the horizon

Published: July 13, 20205 min read1367 comments
Even as the coronavirus pandemic battered the economy, forcing tens of millions of workers to file for unemployment and shuttering businesses large and small, a surprising trend emerged: The number of people filing for personal bankruptcy plunged...
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