Financial News

• Coronavirus: Scottish finance secretary makes fresh call for new powers
  
  Kate Forbes wants to be allowed to switch capital funding to day-to-day revenue to help deal with the economic impact of coronavirus.
  BBC News.  Tuesday, 7 Jul 2020.
• Payday lenders won't have to check whether borrowers can afford loans
  
  The Consumer Financial Protection Bureau is revoking an Obama-era rule protecting consumers from predatory lending.
  CBS News.  Tuesday, 7 Jul 2020.
• Blackout Day looks to tap the rising power of the Black consumer
  
  Black American consumers are hoping to make the financial and economic community pay attention Tuesday by using the power of purse.
  CNBC.  Tuesday, 7 Jul 2020.
• Buy Beaten-Down Walgreens (WBA) Stock Ahead of Earnings?
  
  Walgreens reports its Q3 FY20 financial results before the opening bell on Thursday, July 9. The question is should investors consider buying shares of the struggling pharmacy chain?
  Zacks.  Tuesday, 7 Jul 2020.
• International investors reportedly bought bonds backed by the Italian mafia
  
  Investors around the globe were buying bonds backed by a notorious mafia in Italy for four years, The Financial Times reported.
  CNBC.  Tuesday, 7 Jul 2020.
• Trump administration is drawing up executive orders targeting China as Pompeo floats BANNING TikTok
  
  Donald Trump is looking to target China for its human rights violations in Hong Kong with a round of financial and trade-related executive orders, including banning Chinese-created social media app TikTok.
  Daily Mail.  Tuesday, 7 Jul 2020.
• Deutsche Bank hit with $150 million penalty over Jeffrey Epstein ties
  
  New York's Department of Financial Services announced that Deutsche Bank agreed to pay $150 million over relationship with Jeffrey Epstein.
  ABC News.  Tuesday, 7 Jul 2020.
• Freeport (FCX) Issues Q2 Operational and Financial Update
  
  Freeport (FCX) expects copper sales to exceed its April 2020 estimate of 690 million pounds by around 8% in Q2.
  Zacks.  Tuesday, 7 Jul 2020.
• U.S. government commits $1.6B to Novavax, Regeneron is in Phase 3 for COVID-19 treatment
  
  As confirmed cases of COVID-19 continue to surge across the United States, the U.S. government committed $1.6 billion dollars to Novavax for a vaccine. Yahoo Finance's Emily McCormick and Yahoo Medical Contributor Dr. ...
  Yahoo.  Tuesday, 7 Jul 2020.
• Hundreds of royal staff 'are being axed with up to 250 offered voluntary redundancy'
  
  Up to 250 royal staff look set to lose their jobs this month as the Queen's finances continue to feel the impact of coronavirus crisis, with doubts over whether the Queen will return to London.
  Daily Mail.  Tuesday, 7 Jul 2020.
• 'The main focus for everybody right now is survival': unemployed Latina
  
  Yahoo Finance's Ines Ferre speaks with hispanic small business owners about their struggle to stay afloat with COVID-19 lockdown measures still in place.
  Yahoo.  Tuesday, 7 Jul 2020.
• McClatchy, a Family Newspaper Business, Heads Toward Hedge-Fund Ownership
  
  In keeping with a nationwide industry trend, a finance firm seems poised to take control of the publisher of The Miami Herald and The Sacramento Bee.
  New York Times.  Monday, 6 Jul 2020.
• Coronavirus crisis disrupts treatment for another epidemic: Addiction
  
  Drug rehabs across the U.S. have experienced coronavirus flare-ups or COVID-19-related financial problems, forcing them to close or limit operations.
  Los Angeles Times.  Monday, 6 Jul 2020.
• A Retail Rebound Means Discount Strategies Need To Be Smarter Than Ever
  
  The current environment represents a retail opportunity - a fresh start for retailers. A modern and intelligent approach to discounting can improve gross margins on retail financial performance. ...
  Forbes.  Monday, 6 Jul 2020.
• Wigan Athletic fans call for EFL support and investigation
  
  Wigan Athletic's official supporters' group writes to the EFL to request an investigation into the club's financial situation.
  BBC News.  Monday, 6 Jul 2020.

Financial Services News Headlines and News Summaries