▼ BUSINESS NEWS ▼
All Star Travel Group Expands Presence on the West Coast, Adds New Team of Top Travel Advisors
Wed, 26 Feb 2020 14:34:00 -0500

All Star Travel Group Expands Presence on the West Coast, Adds New Team of Top Travel AdvisorsAll Star Travel Group (ASTG), a global luxury travel firm and branch of Tzell Travel Group, is expanding its presence on the West Coast, opening its third office, now in San Francisco, and bringing on a new team of the industry's top travel advisors.


How You Can Afford a Tesla Even If You're Not Rich
Wed, 26 Feb 2020 14:31:22 -0500

How You Can Afford a Tesla Even If You're Not RichUntil recently, Teslas were accessible only to those with deep pockets. That's not true anymore.


SKYY Vodka And Mindshare USA Take A Stand To Support LGBTQ Journalism
Wed, 26 Feb 2020 14:31:00 -0500

SKYY Vodka And Mindshare USA Take A Stand To Support LGBTQ JournalismWelcome to a new age of digital censorship—one that's being unintentionally supported by the way advertisers buy media. As marketers seek to protect their brands from appearing in the wrong environments, today's brand safety technology has inadvertently diverted media dollars from LGBTQ publishers and journalists through keyword exclusion lists.


Reading Truck Group Announces Acquisition of Action Fabrication & Truck Equipment, Inc.
Wed, 26 Feb 2020 14:30:00 -0500

Reading Truck Group Announces Acquisition of Action Fabrication & Truck Equipment, Inc.Reading Truck Group announced today that it acquired substantially all of the assets of Action Fabrication & Truck Equipment Inc. and its affiliates (Action). Action, a current Reading distributor, is a well-established regional manufacturer and upfitter of service utility truck bodies and specialty truck equipment bodies, with facilities located in Tarpon Springs, Florida. With the addition of Action, the number of Reading's distribution and upfitting sites increases to 12 facilities nationwide.


Ritchie Bros. sells special edition Volvo 'Gold Rush' excavator for US$290,000 in Orlando, FL auction
Wed, 26 Feb 2020 14:30:00 -0500

Ritchie Bros. sells special edition Volvo 'Gold Rush' excavator for US$290,000 in Orlando, FL auctionIt's amazing what can happen when companies come together to raise money for a great cause. To celebrate 10 years of Discovery's Gold Rush television show, Volvo designed a special edition EC200E excavator, which was sold at Ritchie Bros.' premier global auction in Orlando, FL to an online buyer from Belgium for US$290,000. All proceeds will be donated to Habitat for Humanity and Building Homes for Heroes.


Stainless Steel Industry to Exceed $182 Billion in Value by 2027 - Increasing Modern Construction of Buildings & Structures that Require Aesthetic Appeal and Extended Life
Wed, 26 Feb 2020 14:30:00 -0500

Stainless Steel Industry to Exceed $182 Billion in Value by 2027 - Increasing Modern Construction of Buildings & Structures that Require Aesthetic Appeal and Extended LifeThe "Stainless Steel Market Size, Share & Trends Analysis Report by Grade (200 Series, 300 Series, 400 Series, Duplex Series), by Product (Flat, Long), by Application (Building & Construction, Heavy Industry), by Region, and Segment Forecasts, 2020 - 2027" report has been added to ResearchAndMarkets.com's offering.


InventHelp Inventor Develops Air-Less Skim-Coat Sprayer (MTN-3256)
Wed, 26 Feb 2020 14:30:00 -0500

InventHelp Inventor Develops Air-Less Skim-Coat Sprayer (MTN-3256)"I have been a contractor for over 10 years, and I needed a better, more precise way to spread joint compound," said an inventor from Brooklyn, N.Y. "This inspired me to develop a portable, airless skim-coat sprayer."


ResCap Liquidating Trust Announces Posting of Q4 2019 Financial Statements
Wed, 26 Feb 2020 14:28:00 -0500

ResCap Liquidating Trust Announces Posting of Q4 2019 Financial StatementsThe ResCap Liquidating Trust (the "Trust") announced its unaudited Consolidated Financial Statements, as of and for the period ended December 31, 2019, along with its quarterly Beneficiary Letter and tax letter have been posted to the Trust's website, rescapliquidatingtrust.com/.


Brazil's XP says trading platform facing problems
Wed, 26 Feb 2020 14:26:44 -0500

Brazil's XP says trading platform facing problemsSome clients of Brazil's largest digital broker XP Inc on Wednesday problems experienced problems accessing the company's platform due to increased use, the company said in a statement. The company's spokesman said XP was working to solve the issue. The problems in the broker's trading platform came on a day that the Brazilian benchmark stock index was down more than 6%, on global concerns about the spread of coronavirus, following a closure for the Carnival holiday.


Brazil's XP says trading platform facing problems
Wed, 26 Feb 2020 14:26:44 -0500

Brazil's XP says trading platform facing problemsSome clients of Brazil's largest digital broker XP Inc on Wednesday problems experienced problems accessing the company's platform due to increased use, the company said in a statement. The company's spokesman said XP was working to solve the issue. The problems in the broker's trading platform came on a day that the Brazilian benchmark stock index was down more than 6%, on global concerns about the spread of coronavirus, following a closure for the Carnival holiday.


How Does Meridian Bioscience's (NASDAQ:VIVO) P/E Compare To Its Industry, After The Share Price Drop?
Wed, 26 Feb 2020 14:24:51 -0500

How Does Meridian Bioscience's (NASDAQ:VIVO) P/E Compare To Its Industry, After The Share Price Drop?To the annoyance of some shareholders, Meridian Bioscience (NASDAQ:VIVO) shares are down a considerable 35% in the...


Whip It With This 2019 MTT 420RR Turbine Powered Hyperbike
Wed, 26 Feb 2020 14:24:39 -0500

Whip It With This 2019 MTT 420RR Turbine Powered HyperbikeThis motorcycle can really move.


Stocks Fall as Virus Volatility Grips Wall Street: Markets Wrap
Wed, 26 Feb 2020 14:24:27 -0500

Stocks Fall as Virus Volatility Grips Wall Street: Markets Wrap(Bloomberg) -- U.S. equities fell for fifth consecutive day as investors digested a barrage of reports on the widening coronavirus outbreak. The dollar advanced.The S&P 500 swung between gains and losses after a report said officials in the New York region are monitoring people for exposure. The benchmark index had slid more than 6% over the prior two days. The Dow Jones Industrial Average was lower, while the Nasdaq Composite gained. Ten-year Treasury yields approached the record-low close set Tuesday. European shares pared losses to close mostly higher, while Asian equities finished in the red. Oil bounced around $50 a barrel and gold edged higher.“No one has any idea the depth and duration of the coronavirus’ negative impact on the global economy and corporate earnings,” said Alec Young, managing director of global markets research at FTSE Russell.President Donald Trump and federal health officials plan to brief the U.S. public Wednesday on efforts to prevent the spread of the coronavirus. Earlier, German and American officials warned of a pandemic. Diageo Plc and Danone SA said that the outbreak will hit sales in China. The first cases in Greece and in South America emerged, while Spain locked down a seaside resort hotel with about 1,000 guests and workers inside.Risk assets are struggling to rebound as coronavirus cases steadily climb outside the epicenter in China. South Korea said its national total rose to more than 1,000, while American health officials Tuesday warned that they expect the epidemic to spread in the U.S.Traders may be looking out for further signs of policy accommodation after American central bankers said they are closely monitoring the spreading virus, though it’s “still too soon” to say whether it will change the outlook.“People are taking a step back and reviewing the data and seeing how much this coronavirus is progressing,” said Michael Reynolds, investment strategy officer at Glenmede Trust Co.Elsewhere, a gauge of high-yield credit risk for European issuers rose for a fifth day. Industrial metals and minerals mostly dropped, including copper and iron ore. Bitcoin slumped for a third day.These are some key events coming up:Earnings keep rolling in from companies including: Baidu Inc., Best Buy Co. Inc., Occidental Petroleum Corp. and Dell Technologies Inc. on Thursday; and London Stock Exchange Group Plc on Friday.The Bank of Korea announces its policy decision on Thursday, with rising risks of an interest-rate cut.U.S. jobless claims, GDP and durable goods data are out Thursday.Japan industrial production, jobs, and retail sales figures are due on Friday.These are major moves in markets:To contact the reporters on this story: Claire Ballentine in New York at cballentine@bloomberg.net;Vildana Hajric in New York at vhajric1@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Dave LiedtkaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


Stocks Fall as Virus Volatility Grips Wall Street: Markets Wrap
Wed, 26 Feb 2020 14:24:27 -0500

Stocks Fall as Virus Volatility Grips Wall Street: Markets Wrap(Bloomberg) -- U.S. equities fell for fifth consecutive day as investors digested a barrage of reports on the widening coronavirus outbreak. The dollar advanced.The S&P 500 swung between gains and losses after a report said officials in the New York region are monitoring people for exposure. The benchmark index had slid more than 6% over the prior two days. The Dow Jones Industrial Average was lower, while the Nasdaq Composite gained. Ten-year Treasury yields approached the record-low close set Tuesday. European shares pared losses to close mostly higher, while Asian equities finished in the red. Oil bounced around $50 a barrel and gold edged higher.“No one has any idea the depth and duration of the coronavirus’ negative impact on the global economy and corporate earnings,” said Alec Young, managing director of global markets research at FTSE Russell.President Donald Trump and federal health officials plan to brief the U.S. public Wednesday on efforts to prevent the spread of the coronavirus. Earlier, German and American officials warned of a pandemic. Diageo Plc and Danone SA said that the outbreak will hit sales in China. The first cases in Greece and in South America emerged, while Spain locked down a seaside resort hotel with about 1,000 guests and workers inside.Risk assets are struggling to rebound as coronavirus cases steadily climb outside the epicenter in China. South Korea said its national total rose to more than 1,000, while American health officials Tuesday warned that they expect the epidemic to spread in the U.S.Traders may be looking out for further signs of policy accommodation after American central bankers said they are closely monitoring the spreading virus, though it’s “still too soon” to say whether it will change the outlook.“People are taking a step back and reviewing the data and seeing how much this coronavirus is progressing,” said Michael Reynolds, investment strategy officer at Glenmede Trust Co.Elsewhere, a gauge of high-yield credit risk for European issuers rose for a fifth day. Industrial metals and minerals mostly dropped, including copper and iron ore. Bitcoin slumped for a third day.These are some key events coming up:Earnings keep rolling in from companies including: Baidu Inc., Best Buy Co. Inc., Occidental Petroleum Corp. and Dell Technologies Inc. on Thursday; and London Stock Exchange Group Plc on Friday.The Bank of Korea announces its policy decision on Thursday, with rising risks of an interest-rate cut.U.S. jobless claims, GDP and durable goods data are out Thursday.Japan industrial production, jobs, and retail sales figures are due on Friday.These are major moves in markets:To contact the reporters on this story: Claire Ballentine in New York at cballentine@bloomberg.net;Vildana Hajric in New York at vhajric1@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Dave LiedtkaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


U.S. consumer spending could see one-two punch from stocks drop, coronavirus
Wed, 26 Feb 2020 14:23:59 -0500

U.S. consumer spending could see one-two punch from stocks drop, coronavirusThe coronavirus outbreak has yet to spread meaningfully to U.S. shores, but fears of it alone have already eviscerated some $2 trillion of American stock market value, setting off a market rout that could stymie consumer spending - even before other economic effects of the disease are felt. Economists now see the virus, its effect on markets and its potential to dampen consumer confidence as the biggest risk to a record-long economic boom. "The tightening of financial conditions I think is really the key game changer in this outbreak," said Gregory Daco, chief U.S. economist for Oxford Economics.


U.S. consumer spending could see one-two punch from stocks drop, coronavirus
Wed, 26 Feb 2020 14:23:59 -0500

U.S. consumer spending could see one-two punch from stocks drop, coronavirusThe coronavirus outbreak has yet to spread meaningfully to U.S. shores, but fears of it alone have already eviscerated some $2 trillion of American stock market value, setting off a market rout that could stymie consumer spending - even before other economic effects of the disease are felt. Economists now see the virus, its effect on markets and its potential to dampen consumer confidence as the biggest risk to a record-long economic boom. "The tightening of financial conditions I think is really the key game changer in this outbreak," said Gregory Daco, chief U.S. economist for Oxford Economics.


Ronald Muhlenkamp's Firm Exits Celgene, Trims Gilead Position
Wed, 26 Feb 2020 14:22:32 -0500

Ronald Muhlenkamp's Firm Exits Celgene, Trims Gilead PositionInvestor's largest sales of the 4th quarter Continue reading...


Bentley Mulliner Bacalar is probably a roadster
Wed, 26 Feb 2020 14:22:00 -0500

Bentley Mulliner Bacalar is probably a roadsterThe upcoming coachbuilt Bentley Mulliner Bacalar has been teased before its Geneva Motor Show reveal once again. Instead of one of the wheels or a glimpse of its rear quarter panels, we get a rather clear view of the interior. Bentley highlights the fact that there are only two seats, making this only the second two-seat car the company has offered since 1930.


Coronavirus, explained: Everything to know about Covid-19, the deadly virus alarming the world
Wed, 26 Feb 2020 14:20:39 -0500

Coronavirus, explained: Everything to know about Covid-19, the deadly virus alarming the worldWhat are symptoms of coronavirus? How do you prepare for an outbreak? Covid-19 is stoking fear across the world. Here's what to know.


Dow erases early gains as investors assess the economic fallout over the coronavirus
Wed, 26 Feb 2020 14:19:53 -0500

Dow erases early gains as investors assess the economic fallout over the coronavirusU.S. stocks extended losses Wednesday as investors continued to weigh the fast-spreading coronavirus and its impact on the economy.



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