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June 2020

These 2 top-flight SPAC stocks ignored Friday’s market crash

2020-06-26
By: Bruce G. Owens
On: June 26, 2020
In: Falling market
With: 0 Comments

The stock market fell sharply on Friday, as a combination of coronavirus concerns and new regulatory pressures on the nation’s biggest banks weighed on investor sentiment. The Federal Reserve will prevent systemically important banking institutions from repurchasing shares during the third quarter of 2020, and they will have to keepRead More →

Hope House closes charity shop in Telford due to lower sales

2020-06-15
By: Bruce G. Owens
On: June 15, 2020
In: Falling sales
With: 0 Comments

Hope House Hospice The trust blamed declining sales at the Crown Street branch and difficulties accessing vehicles for donors for the decision. The charity’s business manager, Andrew Fergus, said: “It is with great regret that we have decided to close our charity shop in Wellington but unfortunately the shop’s salesRead More →

Fall in equities is close to triggering a mandatory pause | Global affairs

2020-06-13
By: Bruce G. Owens
On: June 13, 2020
In: Falling stocks
With: 0 Comments

US stocks fell the most in 12 weeks as the scorching equity surge came to a screeching halt amid economic nervousness. The Dow Jones industrial average fell 7.1% on Thursday as all of its 30 blue-chip companies fell. Meanwhile, the S&P 500 fell nearly 6% – approaching the 7% thresholdRead More →

Lawsuit accuses Apple of covering up drop in sales

2020-06-03
By: Bruce G. Owens
On: June 3, 2020
In: Falling sales
With: 0 Comments

Lawsuit filed by Apple shareholders alleges Tim Cook and associates fraudulently covered up declining demand for iPhone, especially in China Disgruntled Apple shareholders have taken legal action against the company, making serious allegations about the financial disclosures. According to Reuters, a federal judge said Apple faces part of a lawsuitRead More →

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