Month: June 2020

Check out the companies making headlines before the bell: Carnival – Carnival’s debt rating was cut to “junk” by Standard & Poor’s, which is forecasting continued weak demand for the cruise industry due to the Covid-19 pandemic. Dell Technologies – Dell is exploring options for its $50 billion stake in cloud computing company VMWare, according
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Getty Images Banks have pulled back from a popular credit card promotion on concerns that borrowers struggling during the coronavirus crisis may leave them with defaulting loans. Balance transfer offers, which typically entice borrowers to move their debt to a new lender in exchange for a temporary 0% interest rate, have been sharply reduced at banks
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The stock market rally after the novel coronavirus selloff has been stellar. Besides expansionary monetary policies, strong fundamentals have triggered the rally for several stocks and industries. And in particular, tech stocks have been on fire. In fact, it’s the big names in the technology sector that have continued to deliver strong numbers. Innovation-driven business
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