Shares of Eastman Kodak Co. undefined plummeted 45% in active premarket trading Monday, after reports the U.S. International Development Finance Corp. is withholding its planned $765 million loan after the deal came under regulatory scrutiny. The stock had rocketed 13-fold in two days, after it was announced on July 28 that the IDFC would provide Kodak a the loan to help produce the ingredients to maker generic drugs. Under question how Kodak controlled the disclosure of the loan, as the stock soared 25% in active trading the day before the news was reported, amid active stock option trading. Kodak disclosed on Friday that it appointed a special committee to oversee and internal review of recent activity by the company and related parties in connection with the announcement of the potential government loan. As of Friday's close of $14.88, the stock had pulled back 55% since July 29.
The coronavirus pandemic has heightened deep-seated inequality in the nation’s housing market.
Amid record-breaking billions pouring into SPACs is a filing from former Hewlett-Packard CEO Leo Apotheker, known for the calamitous $11 billion purchase of Autonomy.
Shares of SeaWorld Entertainment Inc. undefined were indicated down more than 3% in premarket trading Monday, after the theme park operator reported that it swung to a wider-than-expected second-quarter loss with revenue tumbling 96%, as the COVID-19 pandemic led to park closures. The net loss was $131.0 million, or $1.68 a share, after net income of $52.7 million, or 64 cents a share, in the year-ago period, with results including $3.9 million in expenses associated with reopening costs. The FactSet consensus for net loss per share was 96 cents. Revenue fell 95.6% to $18.0 million from $406.0 million, below the FactSet consensus of $26.9 million, as attendance dropped 95% to about 300,000 guests. The company said it had cash and cash equivalents of about $376 million as of June 30, down from $400 million as of April 30, representing an average monthly cash outflow of about $12 million per month. The stock has dropped 46.7% year to date through Friday, while the S&P 500 undefined has gained 3.7%.
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U.S. dollar weakness could be a “double-edged sword” for the world’s biggest miners, boosting commodity prices but also increasing costs domestical...
The S&P 500 index trades within 1% of its all-time closing high early Monday, as the broad-market benchmark attempts to recover all of its lost gro...
Shares of air carriers were broadly higher Monday, after data showing that travel demand reached over the weekend the highest level seen since mid-...
Shares of Nikola Corp. shot up 14% in premarket trading Monday, after the electric truck maker confirmed it secured an order to maker at least 2,5...
Yum Brands Inc. chain Pizza Hut launched the Beyond Sausage Pizza and Beyond Sausage Veggie Pizza in Puerto Rico on Monday, both made with a plant...
IAC/InterActiveCorp. announced Monday morning that it had accumulated a 12% stake in MGM Resorts International that's worth about $1 billon. IAC ...
Chipotle Mexican Grill Inc. has launched a limited-time deal with Tony Hawk, offering special access to the skateboard icon's new video game and o...
How to budget for the rest of your life
Watch out, FIRE fans: New reports say retiring early can give you Alzheimer’s
Ireland has also recorded one of the highest rates of COVID-related nursing-home deaths in the world, according to a report released in June.
| 30 yr fixed Jumbo | 3.10% |
| 30 yr fixed | 3.06% |
| 15 yr fixed | 2.63% |
| 10 yr fixed | 2.61% |
| 30 yr fixed refi | 3.13% |
| 15 yr fixed refi | 2.66% |
| 5/1 ARM | 3.28% |
| 5/1 ARM refi | 3.37% |
| $30K HELOC | 1.99% |
| $50K HELOC | 5.00% |
| $75K HELOC | 1.99% |
| $100K HELOC | 5.00% |
| $30K Home Equity Loan | 5.24% |
| $50K Home Equity Loan | 3.74% |
| $75K Home Equity Loan | 3.74% |
| $100K Home Equity Loan | 4.12% |
| 5 yr CD | 0.68% |
| 2 yr CD | 0.50% |
| 1 yr CD | 0.46% |
| MMA $10K+ | 0.17% |
| MMA $50K+ | 0.25% |
| MMA Savings | 0.25% |
| MMA Savings Jumbo | 0.27% |
| 60 Mo Used Car | 4.40% |
| 48 Mo Used Car | 4.69% |
| 36 Mo Used Car | 4.75% |
| 72 Mo New Car | 4.23% |
| 60 Mo New Car | 4.47% |
| 48 Mo New Car | 4.27% |
| 60 Mo Auto Refi | 4.50% |
| 36 Mo Auto Refi | 4.25% |
Quentin Fottrell answers your questions about inheritance, tipping, weddings, re-gifting, or any tricky money issues relating to family and friends. Have a question? Send it to the Moneyist.
The Federal Housing Finance Agency is also improving online tools where tenants can see whether they’re eligible for protections.
Connecting affluent buyers with luxury listings.
