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Monthly Archives: July 2020

Trump says he will ban TikTok through executive action as soon as Saturday

[CNBC, GETTY IMAGES] KEY POINTS President Donald Trump on Friday told reporters he will act as soon as Saturday to ban Chinese-owned video app TikTok from the United States.Trump did not specify whether he will act through an executive order, or another method such as a designation, according to NBC News.Trump’s […]

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7 Penny Stocks Worth the Danger as Pandemic Catalyzes Growth

[InvestorPlace] Investing in penny stocks is primarily the domain of highly risk-averse market participants. The risk profile of penny stocks is, of course, a double-edged sword: investors could lose a lot of money on them, yet could also reap massive returns. Many investors do consider penny stock purchases, but there […]

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The cost of becoming a U.S. citizen just went up drastically. And asylum is no longer free

[Miami Herald] U.S. Citizenship and Immigration Services (USCIS) published on Friday a final rule in the Federal Register that details the new cost for dozens of immigration and naturalization applications, a further change in immigration policy to curb legal immigration of low-income foreign nationals. The fees’ adjustment “to ensure U.S. Citizenship and Immigration […]

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Hot ocean waters along East Coast are drawing in ‘weird’ fish and supercharging hurricanes

[The Washington Post] Warm waters are a major concern with Hurricane Isaias forecast to ride up the Eastern Seaboard. Vacationing on Nantucket in early July, Terrence Boylan cast his line in to the strangely warm surf. The creature he reeled in left the veteran angler baffled. It was a skinny, […]

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MLB calls off Cardinals-Brewers game due to positive coronavirus tests

[ESPN, AP] Two St. Louis Cardinals have tested positive for the coronavirus, resulting in Major League Baseball postponing Friday afternoon’s game at the Milwaukee Brewers, it was announced. The Cardinals said they learned about the positive tests late Thursday night and have instructed all players and staff to self-isolate in their hotel rooms […]

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US economy posts its worst drop on record

[CNN] New York — The US economy contracted at a 32.9% annual ratefrom April through June, its worst drop on record, the Bureau of Economic Analysis said Thursday. Business ground to a halt during the pandemic lockdown in the spring of this year, and America plunged into its first recession in 11 years, putting […]

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Apple just announced a stock split — here’s what that means for investors

[CNBC] During its third quarter earnings results on Thursday Apple said that the company’s Board of Directors approved a four-for-one stock split. Stock splits are cosmetic, meaning they do not change anything about a company’s underlying fundamentals. They can lead to renewed interest from smaller investors by making the shares — which are […]

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Silver: poor man’s gold no more?

Prices for the metal trade 25% higher for July Investors have focused on a rise in record prices for gold, but silver’s up about 25% in July—the metal’s second-biggest monthly gain on record—and it’s still undervalued compared with the yellow metal. “Silver is often called the ‘poor man’s gold’ because […]

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Walmart cuts corporate roles as it merges online, store businesses

[CNBC, GETTY IMAGES] KEY POINTS Walmart said it’s eliminating some corporate roles as it merges its online and store businesses in the U.S.The company said it would share more details after notifying employees.The big-box retailer has had a surge of sales during the coronavirus pandemic, but its labor costs have […]

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