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Hertz suspends plan to offer $500M in shares

09:28pm, Wednesday, 17'th Jun 2020
Hertz suspended its plan to sell up to $500 million in shares amid scrutiny from regulators. Yahoo Finance’s Jared Blikre joins The Final Round panel to break down the latest news.
Jeremy Grantham, co-founder and chief investment strategist at Boston-based money manager Grantham, Mayo, Van Otterloo & Co., offers up a major warning to speculators driving the stock market to new h
The S&P; 500 closed lower on Wednesday as news of spiking pandemic data and the prospect of a new round of economic lockdowns dampened investor optimism over signs of economic recovery. The S&P; 500 a

Hertz pulls potentially worthless share offering

08:12pm, Wednesday, 17'th Jun 2020
Hertz Global Holdings Inc. pulled its controversial share offering after security regulators vowed to review it, the car-rental company said in a filing Wednesday

Hertz Stock Surges as Share Sale Is Suspended

07:51pm, Wednesday, 17'th Jun 2020
Securities and Exchange Commission Chair Jay Clayton had said that SEC staffers had “comments” about Hertz’s financing plans.
Hertz Global Holdings Inc. is suspending its controversial share offering, according to a filing Wednesday. Hertz filed to offer up to $500 million in shares Monday, aiming to cash in a surge in the
Wall Street gained ground on Wednesday as signs of economic recovery helped investors look past spiking pandemic data and the potential of a new round of economic lockdowns. With all three major U.S.
‘Don’t confuse day traders with serious investors. Serious investing involves broad diversification, rebalancing, active tax management, avoiding market timing, staying the course, and the use of
2020 has seen a wave of chaos hit the stock market. Now, you can add the shenanigans surrounding bankrupt car rental company Hertz (HTZ) to the list, too.After filing for bankruptcy last month, perple
The S&P; 500 and the Dow edged higher in choppy trading on Wednesday as hopes of a swift recovery from a coronavirus-driven downturn were dented by fears of a record rise in coronavirus cases in six U
Shares of Hertz Global Holdings Inc. were halted mid-trading Wednesday for news pending. The car-rental company, which entered bankruptcy protection May 22, filed earlier this week to sell up to $500
In an interview with CNBC, Securities and Exchange Commission Chair Jay Clayton said that SEC staffers had “comments” about Hertz’s financing plans.
June 17 (Reuters) - U.S. Securities and Exchange Commission (SEC) has told bankrupt Hertz Global Holdings Inc it has issues with the car rental firm's plan to sell new shares, the agency Chairman Jay
Massachusetts Financial Services Co. MA raised its stake in Herc Holdings Inc. (NYSE:HRI) by 18.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securi
The stock market’s positive reactions to Fed moves will fade over time, and investors should expect more volatility ahead amid “the battle between liquidity and weak fundamentals,” one strategis
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