Markets

The ‘most patriotic thing’ big banks can do to fight the coronavirus recession is raise $200 billion and cancel dividends, Fed’s Kashkari says

The nation’s largest lenders should learn from the 2008 recession and raise TARP-levels of cash to endure the coronavirus recession, Minneapolis Federal Reserve President Neel Kashkari wrote in a Financial Times op-ed Thursday. Shoring up $US200 billion through equity sales will form a healthy buffer should businesses default on loans […]
The ‘most patriotic thing’ big banks can do to fight the coronavirus recession is raise $200 billion and cancel dividends, Fed’s Kashkari says
Markets

McDonald’s beats across the board, raises its dividend

McDonald’s beat on both the top and bottom lines. The burger giant’s global same-store sales topped Street estimate and US same-store sales were in line with forcasts. Shares were set to open up 2%. Watch McDonald’s trade in real time here. McDonald’s shares are gaining around Tuesday morning, up about […]
McDonald’s beats across the board, raises its dividend
Markets

Australia’s $28.5 billion share dividend payout has started

The annual company dividend bonanza has started with $28.5 billion due to be paid. The majority of companies reporting full-year earnings results chose to pay a dividend. And most of these companies lifted or maintained payout. Shareholders in ASX-listed companies will be paid out $28.5 billion over the next few […]
Australia’s $28.5 billion share dividend payout has started
News

This US state will pay you $2,000 a year just to live there

Alaska pays its citizens up to $US2,000 a year just for living there. The annual cheques are part of a government programme. Almost every citizen qualifies – there’s no catch. If Alaska’s scenic landscapes and jaw-dropping views weren’t enough to consider a move to The Last Frontier, free money almost […]
This US state will pay you $2,000 a year just to live there