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FT.com - USJul 14, 2020
Coronavirus latest: South Korea slashes ambition to achieve steep rise in minimum wage
Chief operating officer Marcelo Claure boasts conglomerate is stronger than ever as he shifts attention to chipmaker Arm

USA Today MoneyJul 14, 2020
Can shopping malls survive the coronavirus pandemic and a new slate of permanent store closings?
COVID-19 is putting the future of malls in jeopardy with JCPenney, Victoria's Secret and others planning to close stores or filing for bankruptcy.       

FT.com - USJul 14, 2020
Stocks drop as US states roll back economic reopening plans
Investors lodged in ‘zone of uncertainty' as country's coronavirus outbreak worsens

CNBC BusinessJul 13, 2020
Drugmakers will start coronavirus vaccine production by end of summer, Trump health officials say
The manufacturing process is already underway even though they aren't sure which vaccine, if any, will work, a senior Trump administration official told reporters Monday. He said they are already buying equipment, securing the manufacturing sites and, in some cases, acquiring the raw materials.

RELATED ARTICLES
California closes indoor restaurants, movie theaters and all bars statewide as coronavirus cases rise (CNBC Business)

Google Business NewsJul 13, 2020
Dow Jones Futures: What To Do After Coronavirus Stock Market Rally, Tesla Reverse Lower; JPMorgan Earnings Due - Investor's Business Daily
Dow Jones Futures: What To Do After Coronavirus Stock Market Rally, Tesla Reverse Lower; JPMorgan Earnings Due  Investor's Business DailyS&P 500 and Nasdaq end lower after sharp drop in tech titans  Reuters UKStocks surrender gains after California rolls back coronavirus reopenings  Fox BusinessDow surges then fizzles after stocks briefly turn positive for 2020  CNNS&P 500 and Nasdaq end lower after sharp drop in tech titans  Kitco NEWS

Yahoo BusinessJul 13, 2020
3 "Strong Buy" Penny Stocks That Could Deliver Massive Returns
Investor focus has landed squarely on the surge in new COVID-19 cases and its threat to economic reopenings, but there's another possibility being ignored. According to Morgan Stanley equity strategist Mike Wilson, even though the market is expecting economic activity to decline, earnings could get a major boost."Cautious investors may be overlooking the potential for operating leverage to fuel an earnings rebound... Aggressive cost-cutting in a downturn is what creates the powerful operating leverage when the economy recovers," Wilson commented.While unemployment has skyrocketed during the coronavirus crisis, Wilson argues operating leverage was already dropping before the pandemic's onset. "It's also a classic feature of late-cycle economic expansions. My point is that many companies were already exhibiting negative operating leverage pre-COVID-19. This gives me confidence that Q2 will likely be the trough for earnings growth," he explained.Bearing this in mind, some investors are on the hunt, looking to snap up compelling names before shares re-embark on an upward trajectory. For the more risk-tolerant, focus has locked in on penny stocks, or tickers trading for less than $5 per share. The appeal is clear; the bargain price tag means you can get more bang for your buck and even what feels like inconsequential share price appreciation can result in huge percentage gains.What's the flip side? Minor share price depreciation can fuel major percentage losses. By nature of these massive movements, penny stocks are no

RELATED ARTICLES
The 5G Revolution Could Send These 3 Stocks Higher (Yahoo Business)

Google Market NewsJul 13, 2020
WHO warns coronavirus pandemic may get 'worse and worse and worse' | TheHill - The Hill
WHO warns coronavirus pandemic may get 'worse and worse and worse' | TheHill  The HillUS Grapples with Pandemic as WHO Warns 'No Return to Normal'  Snopes.com'Too many countries are headed in the wrong direction,' WHO warns  NBC NewsWHO: virus will get 'worse and worse'  Reuters

Yahoo BusinessJul 13, 2020
Hedge fund manager Singh calls Trump's handling of coronavirus 'an incredible gift'
Trump has justified his public assurances that the virus will quickly go away by arguing he needs to be "a cheerleader" for the United States to avoid creating "havoc and shock." The United States has the highest number of confirmed coronavirus infections and deaths in the world. "We simply never believed 'what happens in China stays in China,'" Singh wrote in a letter to investors last week that was seen by Reuters.


Google Business NewsJul 13, 2020
Asia markets fall amid coronavirus fears, China-U.S. friction - MarketWatch
Asia markets fall amid coronavirus fears, China-U.S. friction  MarketWatchDow surges then fizzles after stocks briefly turn positive for 2020  CNNHere's what happened to the stock market on Monday  CNBCDocuSign Joins the Nasdaq-100. Does That Make It a Buy?  The Motley Fool

CNBC BusinessJul 13, 2020
Surge in U.S. coronavirus cases causes testing delays across the nation as labs scramble to keep up
The turnaround time for Covid-19 tests taking days to a week or longer for many patients, two of the country's biggest lab diagnostics companies said Monday.

Wall Street Journal US BusinessJul 13, 2020
New York & Co. Files for Bankruptcy, Will Close All Stores
The parent company of century-old women's apparel brand New York & Co. has filed for bankruptcy protection and plans to liquidate all its stores after being hurt by the coronavirus pandemic.

RELATED ARTICLES
New York & Company could close all stores as its parent company files for bankruptcy due to COVID-19 impact (USA Today Money)

MarketWatchJul 13, 2020
The Wall Street Journal: Hong Kong Disneyland closes again as coronavirus cases increase
Walt Disney Co. said it would again close the Hong Kong Disneyland theme park, less than a month after it reopened, amid an increase of new coronavirus cases in the city, in a new setback for the entertainment company.

MarketWatchJul 13, 2020
NewsWatch: Nasdaq, S&P 500 end lower as coronavirus cases rise and tech stock fall, erasing rally sparked by renewed vaccine hopes
Stocks closed mostly lower Monday, with the Dow booking a modest gain, after technology stocks fell and rising coronavirus cases led California's governor to order businesses across the state to shutter once again.

NPR Topics: BusinessJul 13, 2020
Red Ink Overflowing: In June, U.S. Borrowed A Typical Year's Worth
The federal deficit is ballooning as the government tries to cushion the blow from the coronavirus pandemic. June's shortfall totals $864 billion — more than in an entire typical year.

Yahoo BusinessJul 13, 2020
UPS: Can New CEO Improve Profit Margins in B2C Segment? Analyst Weighs In
Unlike other industries, the coronavirus' impact on parcel delivery services has been more nuanced. The drop in volume for the traditionally more profitable B2B segment has been countered by the massive increase in B2C deliveries, which are typically more margin tight. So much so, these companies are finding it difficult to meet demand.This is true of package delivery giant United Parcel (UPS). In normal times, the mix between B2C and B2B is evenly split, but by the end of March, the pandemic resulted in the B2C segment boasting 70% of delivery volume.In a recent note to clients, Credit Suisse analyst Allison Landry ponders how the increasing volume in a less profitable segment impacts UPS.Landry said, "UPS is at an existential crossroads with COVID having pulled forward what was initially expected to be 8-10 years of B2C/residential mix into just a few short months… The margin erosion from higher cost B2C has long been problematic - amplified by the massive upswing in capex required to more efficiently handle these volumes - but the good news, in our view, is that the profound pandemic-driven acceleration in mix will force a permanent, structural pricing tailwind in the domestic parcel market."The other good news, according to Landry, is United Parcel's recent appointment of new CEO Carol Tomé. The ex-Home Depot CFO brings with her extensive experience, a proven track record, as well as a reputation for improving performance. Tomé was instrumental in making Home Depot one of the be

MarketWatchJul 13, 2020
Market Snapshot: Nasdaq, S&P 500 end lower as coronavirus cases rise and tech stock fall, erasing rally sparked by renewed vaccine hopes
Stocks closed mostly lower Monday, with the Dow booking a modest gain, after technology stocks fell and rising coronavirus cases led California's governor to order businesses across the state to shutter once again.

RELATED ARTICLES
Nasdaq sinks 2%, and broader stock market, ends negative in a stunning Monday reversal in final hour of trade (MarketWatch MarketPulse)

USA Today MoneyJul 13, 2020
Dow rallies 500 points on vaccine hopes
U.S. stocks extended recent gains Monday, after investors weighed signs of progress for a coronavirus vaccine as new cases continue to surge.      

Knowledge@WhartonMar 12, 2020
The Real Threat to Business Schools from Artificial Intelligence
As COVID 19, the new coronavirus, accelerates the drive toward online learning, how will business schools remain relevant in the age of AI? Anne Trumbore, senior director of Wharton Online, offers her perspective.
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