Trump family business faces liquidation after election-Wall Street Journal

US President Trump is about to leave the White House in January. By then, his family business empire will face the deepest financial and legal challenges in decades. No matter what aspect of his work he devoted himself to after leaving the presidency, these family businesses require his attention. After he leaves office, two New… Continue reading Trump family business faces liquidation after election-Wall Street Journal

Sony unifies all accounts with a single PSN login

Sony is merging all of its accounts, which means you’ll only need a PlayStation Network login to get going. The long-awaited change will see PlayStation services such as PlayStation Store and PlayStation Now merged with Sony Mobile, Sony Electronics and Sony Rewards. All you need to do is log into any of the company’s services… Continue reading Sony unifies all accounts with a single PSN login

Netflix on track to beat the September quarter subscriber guide

Text size An image of Enola Holmes Courtesy of Netflix Netflix Shares took a hit after the June quarter earnings announcement, mainly following the company’s expectation that a huge two-quarter increase in subscribers triggered by Covid was about to end. The company added 15.8 million net new subscribers in the March quarter and another 10.1… Continue reading Netflix on track to beat the September quarter subscriber guide

A SPAC ETF starts trading today. Here’s what you need to know.

Text size The new ETF will begin trading today on the New York Stock Exchange. Angela Weiss / AFP / Getty Images Investors have a new way to play the booming market for Special Purpose Acquisition Companies, or SPACs: the Defiance NextGen SPAC derivative exchange-traded fund. It made its debut on the New York Stock… Continue reading A SPAC ETF starts trading today. Here’s what you need to know.

The US will start forgiving PPP loans after borrowers complained

WASHINGTON – The Small Business Administration will begin forgiving loans to small business owners under the Wage Protection Program, the Treasury Department said Tuesday, following complaints from banks and borrowers that the trial had been stuck. The government plans to approve and pay the pardon requests by the end of this week or early next,… Continue reading The US will start forgiving PPP loans after borrowers complained

Buy Workday stock like a game in cloud financial software, Citi says

Text size Michael Short / Bloomberg Workday’s stock is getting a rise Thursday from Citigroup analyst Daniel Jester, who has garnered coverage from the business software company and upgraded the stock to Buy from Neutral. Jester raises the company’s target price to $ 265, from $ 218. Workday (ticker: WDAY) is a leader in cloud-based… Continue reading Buy Workday stock like a game in cloud financial software, Citi says

The Senate confirms John Ratcliffe as director of national intelligence

WASHINGTON – A divided Senate confirmed Representative John Ratcliffe as President Trump’s National Intelligence Director, with the majority of Republicans prevailing over Democrats saying the Texas congressman was too partisan and did not qualify for the work. Thursday’s 49-44 vote to confirm Mr. Ratcliffe fell along the party lines. The five previous Senate-confirmed National Intelligence… Continue reading The Senate confirms John Ratcliffe as director of national intelligence

Trading on the Tokyo Stock Exchange was blocked by a system problem

The Tokyo Stock Exchange stopped all stock trading for Thursday’s session due to a system issue, a rare glitch that market participants have said could undermine confidence in the exchange. After trading was halted for the morning session, the exchange said at noon that no trading would take place for the rest of the day.… Continue reading Trading on the Tokyo Stock Exchange was blocked by a system problem

A secret high-speed trading company wins the jackpot with TikTok

Regardless of the outcome of the China-US fight over the TikTok video sharing app, an unlikely winner will be a secret trading company based outside Philadelphia. Susquehanna International Group LLP, an options trading giant, has largely avoided advertising during its three-decade history. Susquehanna’s core business is to use quantitative models and computers to perform fast… Continue reading A secret high-speed trading company wins the jackpot with TikTok