Thursday, August 6

Day: 4 July 2020

Top Ten: Weekend reads: How to be safe, with or without a face mask
Stock News

Top Ten: Weekend reads: How to be safe, with or without a face mask

The rise in COVID-19 infections as many states reopen is alarming. State officials have blamed young people congregating in bars. In some states, bars are banned from serving alcohol, and plans to allow indoor dining are back on hold. But in many other states, indoor restaurants have reopened and stayed that way. Here’s detailed information about why you’re better off dining outside. And, wherever you are, wear a mask when you can to help stop the spread of coronavirus. More on staying safe (or not): American Airlines will fly at full capacity — only 3 U.S. airlines have blocked the middle seat on domestic flights The extra $600 The federal government’s addition of $600 a week for unemployment payments ends on July 31. Here’s what’s being proposed to extend or replace it. Related stor...
Economic Preview: Just when it seemed safe to go back to restaurants a new coronavirus outbreak threatens U.S. jobs recovery
Stock News

Economic Preview: Just when it seemed safe to go back to restaurants a new coronavirus outbreak threatens U.S. jobs recovery

The U.S. got some great news Thursday with the rehiring of 4.9 million people in June, but the two steps forward the economy took in May and June could be followed by one step back in July. The problem? A resurgence in coronavirus cases, especially in states that allowed their economies to reopen early, is leading to renewed restrictions on businesses and consumers. See: MarketWatch Economic Calendar At the epicenter of the resurgence in the coronavirus epidemic is the restaurant industry. The reopening of restaurants led to the return of some 3 million workers in May and June, accounting for 40% of the jobs the U.S. has regained since the onslaught of the coronavirus. That’s the good news. Read: U.S. regains 4.8 million jobs, unemployment falls to 11.1%, but rehiring set to slow T...
Casa Releases Results on Server Implementation Test
Crypto News

Casa Releases Results on Server Implementation Test

Crypto custody firm Casa released results from its test to find a new way to connect to the Bitcoin network and found ElectrumX had the best bang for the buck. Casa founder and cypherpunk Jameson Lopp noted the custody firm recently rewrote its backend infrastructure to support Electrum based on the tests. The company chose three different server implementations for the test: ElectrumX, Electra and Esplora Electrs. It discounted three other servers, Electrum-Server, Electrum Personal Server and Bitcoin Wallet Tracker as they felt these were not designed for high performance. For the testing, Lopp said Casa wanted to understand the performance characteristics of each implementation. They ran a list of 103,000 addresses with more than 100 transactions as their main data set for the test. It...
Forex News

AUDUSD and RBA tomorrow

The Reserve Bank of Australia meeting next week is not expected to produce a surprise or change in policy stance, and is therefore having a limited impact on the Australian Dollar. Cash Rate and RBA Statement The Reserve Bank of Australia left interest rates unchanged at a record low of 0.25% at the June meeting, as widely predicted, and said the economy was having a very difficult time and experiencing the biggest economic contraction since the 1930s. Policy makers note that there is a possibility that the depth of decline will be less than previously thought, because the pace of new cases has declined and some restrictions have eased earlier than previously thought. The committee said that they are ready to increase government purchases again and will do whatever is necessary ...
Stock News

UPDATE 3-‘Beautiful’ to have a pint, ‘brilliant’ to get a haircut – England reopens after lockdown – Reuters

LONDON (Reuters) - People relished their first pub drinks in more than three months, went to restaurants and finally got haircuts on Saturday as England took its biggest steps yet towards resumption of normal life after the coronavirus lockdown. Some pubs started serving from 6 a.m., sparking worries of over-indulgence on what the media dubbed a “Super Saturday” of restrictions being eased. Some hairdressers were reported to have opened at the stroke of midnight. “It’s beautiful just to get back and have a pint,” said Jim Martin, a 56-year old carpenter enjoying a beer at The Holland Tringham pub in south London, part of the JD Wetherspoon (JDW.L) chain. It opened at 8 a.m. and was about three quarters full by 11.20 a.m. Julie Scott, a 43-year-old teacher, was there with her family for ...
HDFC Bank’s deposits rise 25% to Rs 11,89,500 crore from a year ago
Stock News

HDFC Bank’s deposits rise 25% to Rs 11,89,500 crore from a year ago

Mumbai: Top private lender HDFC Bank on Saturday said its advances grew 21 per cent at the end of June, from a year ago, while deposits rose 25 per cent. In an exchange filing, the private sector lender said its advances as of June 30 rose to Rs 10,04,500 crore from Rs 8,29,700 crore a year ago. They stood at Rs 9,93,700 crore as of March 31. Its deposits aggregated to around Rs 11,89,500 crore as of June 30, compared with Rs 9,54,600 crore a year ago and Rs 11,47,500 crore at the end of March 2020. The bank said its CASA (current account savings account) ratio stood at around 40 per cent as of June 30, compared with 39.7 per cent a year ago, and 42.2 per cent as of March 31. During the quarter ended June, the bank purchased loans totalling Rs 1,376 crore through the direct assignment...
Northrim BanCorp: Government Stimulus Program To Partially Offset The Adverse Effect Of Elevated Credit Costs
Stock News

Northrim BanCorp: Government Stimulus Program To Partially Offset The Adverse Effect Of Elevated Credit Costs

After plunging in the first quarter of 2020, earnings of Northrim Bancorp, Inc. (NASDAQ:NRIM) will likely recover in the remainder of the year on the back of lower provisions expense. However, the earnings will likely remain below last year's level because provisions will most probably remain above normal. NRIM has high exposure to COVID-19-sensitive industries, which will likely drive provision expense in the year ahead. Moreover, the drop in yields on earning assets will likely pressurize net income for the year. On the other hand, NRIM's participation in the Paycheck Protection Program will limit the earnings decline. For the full year, I'm expecting earnings to dip by 30% year-over-year to $2.12 per share. The uncertainties related to the COVID-19 pandemic and NRIM's significant exposu...
Insider Trading Quarterly Report–Interesting Ideas to Research @Rs 699 per Quarter or Rs 1999 for a Year
Technical Analysis, Top Trading

Insider Trading Quarterly Report–Interesting Ideas to Research @Rs 699 per Quarter or Rs 1999 for a Year

In our post - Insider Buying–A good way to hunt for Companies to Research. we had looked at some examples about how one can find good ideas to research or to keep on radar for Opportunities. We have started a small product around it. We keep doing this research for ourselves but have made it in a good format to be useful for all of us. Do checkout this Youtube Video too on the topic - https://www.youtube.com/watch?v=bt5wtR4AJuA  Insider Trading Quarterly Report  - Rs 699 for a Quarter & 1999 for a Year. What do you Get ? 1) A Quarterly Report Every quarter we will send out a report which contains a selected list of companies which have seen good insider buying in the current quarter as well as in previous quarters. Any interesting observations for a stock will be highl...
How new pledge/re-pledge mechanism will change the way you create collaterals/margins on your shares
Stock News

How new pledge/re-pledge mechanism will change the way you create collaterals/margins on your shares

Come August 2020, the mechanism of trading through use of shares as collateral is going to see a big change. Investors wanting to take exposure by using their demat holdings will now have to pledge their holdings in favour of the broker through which they trade as against the current mechanism where the investor’s shares were physically transferred to the broker’s collateral account from the investor’s demat account. The mechanism which was to be effective from June 1 as per original timeline now stands extended to August 1 because of the pandemic. Let us go through the basics as to what was the existing mechanism and how exactly the new mechanism will work. What is the current mechanism? Currently, in case an investor wishes to trade in the capital market, he/she can do so either by...
The Most Famous Financial Pyramids in the Crypto World
Crypto News

The Most Famous Financial Pyramids in the Crypto World

In addition to the obvious advantages in the form of anonymity, accessibility, ease of use and low cost of transactions, cryptocurrencies have some serious drawbacks that impede their global adoption. The main one is the connection between crypto and crime. Everyone who has studied this topic even superficially knows that Bitcoin (BTC) still remains a popular payment method among scammers and criminals on the darknet. Cryptocurrencies are very convenient tools for money laundering, evading taxes and cheating investors.  Today, I will talk about the most famous cryptocurrency pyramids, from which millions of investors suffered and whose activities amounted to billions of dollars in losses. These companies worked on Ponzi schemes, named after an Italian fraudster of the early 20th cent...