The combination of rising odds of Democratic rule in Washington, along with the Federal Reserve decision and the media glare on COVID-19, have led one strategist to cut his S&P; 500 price target.
Futures on the main U.S. stock indexes were higher after plunging in response to fear of a second wave of coronavirus cases.
Car rental firm Hertz Global Holdings Inc said it would sell up to $1 billion in shares, cashing in on a huge speculative rise in its share price since filing for bankruptcy late last month. Since fil
Car rental company Hertz Global Holdings (HTZ) is reportedly asking a bankruptcy judge for permission to raise as much as $1 billion from a stock sale, to benefit from its recent share rally.The stock
Bankrupt auto rental company Hertz Global Holdings wants to sell as much as $1 billion in stock to take advantage of its recent rally, The Wall Street Journal reported, citing the company's lawyers.
Lessons from interviews with the legendary distressed debt investor Continue reading...
Apple, Microsoft among big tech names leading the tech-heavy Composite higher Wednesday

Hertz: Bankruptcy Bull Run Will End in Tears

08:08pm, Wednesday, 10'th Jun 2020
The insolvent rental car company has seen its stock soar, but will likely crash back to earth in the end Continue reading...
Shares of Hertz Global Holdings Inc. lost more than one-third of their value Wednesday, after the bankrupt car-rental company disclosed that it received a delisting notice from the New York Stock Exch

The Hot New Trend of Buying Bankrupt Stocks

02:37pm, Wednesday, 10'th Jun 2020
As markets surge, here's why bankruptcy announcements are making share prices pop Continue reading...
The Paris-based economics group says it is just as likely a second wave will ravage the global economy as not.
U.S. stock indexes were attempting to gain traction higher Wednesday morning, though the Dow industrials were lagging behind its peers, as investors await an economic forecast from the Federal Reserve
Hertz (HTZ) has announced that it has received a letter from the New York Stock Exchange (NYSE) revealing plans to delist Hertz’s common stock from the exchange. Shares in HTZ are down 12% in Wednes
Hertz Global Holdings Inc. disclosed Wednesday that it received on May 26 a delisting notice from the New York Stock Exchange, which cited the car rental company's filing for bankruptcy on May 22. He
Zacks Investment Research upgraded shares of Herc (NYSE:HRI) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning, Zacks.com reports. The firm currently has $38
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