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Business Maverick: Carl Icahn Scores $1.3 Billion Windfall on Bet Against Shopping MallsInvestor Carl Icahn’s bet on the downfall of brick-and-mortar retailers produced a $1.3-billion gain during the first half of the year.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Stimulus Impasse Risks Dragging to September, Imperiling EconomyWith no talks scheduled on a virus-relief package seen as vital by Federal Reserve officials and market participants alike, the stalemate between Republicans and Democrats risks dragging on for weeks.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Tencent Plays Down WeChat Ban After Results Beat EstimatesTencent Holdings Ltd. tried to reassure investors that U.S. President Donald Trump’s ban on its WeChat messaging service may apply only to its overseas operations, suggesting the impact on the world’s largest gaming corporation should be modest.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Gold Calms Down After Wild Ride as Investors Weigh Next StepsGold held above $1,900 an ounce following wild swings as investors weighed the outlook for the metal’s record-setting rally, tracking moves in bond yields, a weaker dollar, as well as an uptick in risk appetite.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: Amazing: The JSE is now up for the year 2020South African markets have experienced one of the biggest crashes, and quickest recoveries in history, over the span of just eight months. Amazingly, like many other stock markets around the world, the JSE All-Share Index is now higher than it was at the start of the year despite what may be the biggest economic calamity in a generation. What is going on?
Source: dailymaverick - 🏆 3. / 84 Read more »