Luckin Coffee, which was founded in 2017, said it plans to request a hearing with Nasdaq, so it can remain listed on the exchange. According to the notice, a hearing would typically be scheduled 30 to 45 days after a company asks for one. … [Read more...] about Luckin Coffee stock gets hammered in sell-off as it returns to the Nasdaq
Nasdaq
Wall Street dips as trade tensions add to virus woes
US stock indexes edged lower at the open on Thursday as growing Sino-US tensions and mixed retail earnings added to worries about the pace of a recovery from a coronavirus-fueled economic slump. … [Read more...] about Wall Street dips as trade tensions add to virus woes
Wall Street ends mixed as China-US tensions weigh
Mixed earnings from retailers Walmart Inc , Best Buy Co Inc and Home Depot Inc earlier this week showed online shopping gaining traction with the lockdown orders, a trend that could damage brick-and-mortar players already feeling pressure from internet rivals. … [Read more...] about Wall Street ends mixed as China-US tensions weigh
Dow registers biggest daily jump since 2009 on stimulus hopes
"We can shrug off an economic downturn, but if it starts to spill into companies' capacity to pay their debts, then that creates deeper problems. But it seems to me like the central banks are linking arms to find a way to insulate the credit markets from economic uncertainty," said Jack Ablin, chief investment officer at Cresset Wealth Advisors in Chicago. … [Read more...] about Dow registers biggest daily jump since 2009 on stimulus hopes
India in a Bear Market! We continue to focus on LQV companies for investments: Unmesh Kulkarni
Q) What is the kind of hit you are factoring in with respect to GDP growth? D-Street is also hopeful of another stimulus package and how do you compare India’s response with other countries with regards to dealing with COVID-19?A) The IMF expects the global economy to contract sharply by 3% in 2020, much worse than during the 2008-09 financial crisis, but expects it to rebound to 5.8% in CY21, helped by monetary and fiscal policy support. For India, the IMF has lowered the CY20 growth forecast to 1.9% from 5.8% estimated in Jan’20. … [Read more...] about India in a Bear Market! We continue to focus on LQV companies for investments: Unmesh Kulkarni
