(Bloomberg) -- Florida cases jumped 3.7%, more than the weekly average, while New York reported infections in line with trends. An infectious disease researcher expects a “forest fire of cases” and no let up this summer.China suspended imports from a Tyson Foods U.S. poultry plant after a cluster of coronavirus cases. Germany also blamed outbreaks in the meat industry as the infection rate rose for a second day.The U.K. will set out plans to further ease restrictions this week. Chancellor of the Exchequer Rishi Sunak is considering an emergency reduction in the value-added tax, the Sunday Times reported.Key Developments:Global Tracker: Cases pass 8.8 million; deaths top 465,000Here’s what you need to know about phase two as NYC reopensTyson, Pepsi among companies hit by fallout of Beijing outbreakU.K. will set out further easing measures this weekCases increase 1.3% in Russia, 1.1% in IranTrump questions the U.S. case countSubscribe to a daily update...
(Bloomberg) -- American Airlines Group Inc. is seeking to raise about $1.5 billion by selling shares and convertible notes, according to people with knowledge of the matter, as it shores up liquidity after months of travel disruption from the coronavirus pandemic.The carrier, which has been gauging demand from potential investors over the weekend, could announce the offering as early as Sunday, the people said, asking not to be identified because the information is private. Deliberations are ongoing, and the timing and details of any deal could change, they said.A representative for American declined to comment.Fort Worth, Texas-based American is also planning a junk bond offering to raise about $2 billion at a yield of 11%, Bloomberg News reported Friday. The company is working with Citigroup Inc. on the debt offering, which could be launched as soon as this coming week.Delta Air Lines Inc., Southwest Airlines Co. and JetBlue Airways Corp. have...
(Bloomberg) -- Wirecard AG’s former boss Markus Braun is unwinding a large portion of the shares he owns in the embattled payments processor, a stake he financed by borrowing against the stock’s value, according to a person familiar with the matter.Former Chief Executive Officer Braun, who held 7% of Wirecard’s shares to rank as the company’s biggest shareholder, had funded his purchase through a 150 million-euro margin loan that was secured by the value of the underlying stock. Wirecard’s shares plunged 72% last week after billions in cash went missing, triggering a liquidation of the shares Braun had pledged as collateral, the person said, asking not to be identified because the information hasn’t been publicly disclosed.Named CEO in 2002, Braun has put tens of millions of euros of his own funds into the firm and owned 8.7 million shares of Wirecard as of June 19, according to data compiled by Bloomberg....
A lot has changed in the world over the past few months, but you wouldn’t know it from the stock market. The NASDAQ, for example, is up 11% year-to-date and recently set a new all time high. However, when it comes to dividend stocks things have definitely changed. This is due to the impact of COVID-19, which caused several companies to slash their dividends to conserve cash leaving investors in shock. Now more than ever, before jumping into a dividend stock it is prudent to carefully examine how safe it is.With this in mind, we looked for dividend stocks with strong balance sheets and cash flow generation that comfortably cover their dividend payments. We used TipRanks’ database to identify dividend stocks that have earned a “Strong or Moderate Buy” consensus rating from the analyst community. The platform steered us toward three dividend stocks that offer investors yields ranging from 6% to...
