Catherine Collinson, Transamerica Institute CEO & President, joins Yahoo Finance’s Melody Hahm to discuss how different generations are saving for their retirement....
(Bloomberg) -- Hertz Global Holdings Inc. called off efforts to raise cash by selling potentially worthless stock after U.S. regulators questioned its highly unusual approach to paying off creditors.The bankrupt car renter’s board “determined that it was in the best interests of the company to terminate” the offering, according to a Thursday regulatory filing. Hertz said on Wednesday that the stock sale had been suspended while it dealt with issues brought up by Securities and Exchange Commission officials.Hertz shares resumed trading after an hours-long halt and were down 10% to $1.80 as of 3:30 p.m. in New York. That’s a far cry from the $5.53 price at which the stock closed on June 8.The almost tenfold increase in the shares from 56 cents on May 26 initially spurred the company to approach a bankruptcy judge with plans to raise as much as $1 billion through an equity offering. It scaled back...
Shares of NVIDIA Corporation (NASDAQ: NVDA) traded slightly lower on Thursday, but the stock has been among the top performers in the market so far in 2020.Despite concerns over the economic impact of a potential second wave of coronavirus infections, investors have been piling into Nvidia stock this year. Even with the stock up 55.7% year-to-date, one option trader made a big bet that there's more upside ahead in the next week.The Nvidia TradesOn Thursday morning, Benzinga Pro subscribers received four option alerts related to unusually large Nvidia option trades: * At 9:30 a.m. ET, a trader bought 1,020 Nvidia call options with a $365 strike price expiring on Jun. 26. The contracts were purchased near the ask price at $13 and represented a $1.32 million bullish bet. * At 9:35 a.m. ET, a trade was executed for 300 Nvidia call options with a $370 strike price expiring on Friday. The...
Mall owner Taubman Centers, Inc. (NYSE: TCO) is taking legal action and says Simon Property Group Inc (NYSE: SPG) has no right to terminate the merger agreement between the companies. What Happened: Simon agreed to acquire Taubman for $3.6 billion, or $52.50 per share, in February. The larger mall owner is looking to break the deal due to the COVID-19 pandemic.On Wednesday, Taubman filed a counterclaim and said Simon is having "buyer's remorse," CNBC's David Faber reported on "Squawk on the Street.""The Simon Parties agreed to a series of merger transactions with the Taubman Parties ... on February 9, 2020, at a time when the parties and the world were well-aware of the risks of the novel coronavirus pandemic," Faber quoted the legal papers as stating.Taubman further argues that Simon Properties agreed to accept risks related to the pandemic.Why It's Important: Simon's original legal complaint includes a "weak" argument, but that...
Vice President & General Manager at NI's Aerospace, Defense & Government Business Unit Luke Schreier joins Yahoo Finance’s Zack Guzman to discuss how NI is aiming to accelerate the space race. ...
