Month: August 2020

Luckin Stock Isn’t the Answer for Investors Seeking Consumer Exposure



Luckin (LKNCY) logo on the wall of a coffee shop with a customer sitting at a table below it.


© Source: abolukbas / Shutterstock.com
Luckin (LKNCY) logo on the wall of a coffee shop with a customer sitting at a table below it.

Purveyor of coffee and fraud, Luckin Coffee (OTCMKTS:LKNCY) still commands plenty of attention and, for one reason or another, some investors remain captivated by Luckin stock.



a person standing in front of a sink: Luckin (LKNCY) logo on the wall of a coffee shop with a customer sitting at a table below it.


© Provided by InvestorPlace
Luckin (LKNCY) logo on the wall of a coffee shop with a customer sitting at a table below it.

Lingering enthusiasm for Luckin equity could be a symptom of the current climate in which younger investors are turning to investing apps and tempting fate with day trading. One thing those brazen traders haven’t been shy about doing this year is embracing controversial, low-priced equities on the brink of or already in bankruptcy.

It’s undeniably risky to own shares of a company that’s going belly up. That risk is elevated when the reasons for the

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Glancy Prongay & Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Wins Finance Holdings Inc. (WINS)

LOS ANGELES, Aug. 25, 2020 /PRNewswire/ — Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming September 23, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of Wins Finance Holdings Inc. (“Wins” or the “Company”) (NASDAQ: WINS) securities between October 31, 2018 and July 6, 2020, inclusive (the “Class Period”).

If you suffered a loss on your Wins investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/wins-finance-holdings-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.

On July 6, 2020, after the market closed, Wins disclosed that on June 30, 2020 Centurion ZD CPA & Co. resigned as the Company’s independent

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Not all insurance cover will let you down in a crisis

The insurance industry has hardly covered itself in glory in recent months, refusing to pay out on claims made by owners of small firms who understandably thought their business interruption policies would kick in as a result of the pandemic. 

Yet its reputation has not been entirely left in shreds. While providers of such cover nervously await a High Court judgment due next month on whether they should (rightly) be required to pay such claims, there is a cohort of insurance companies determined to do the right thing by customers. They are providers of financial protection insurance. 

This cover comes in many forms, but typically pays policyholders who suffer a serious illness such as cancer or a stroke a lump sum (critical illness cover) or regular monthly sum (income protection), or a lump sum upon death (life insurance). 



a group of people posing for the camera: Hope: Peter Tompkins, who has a rare cancer, with his wife Bethan, Charlie and Ella


© Provided by This Is Money
Hope: Peter Tompkins, who has a

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S&P 500 shakes off a bumpy start, pushes to another record

The market has been making a lot of small moves recently on snippets of news about the virus, developments on a potential vaccine for it and other concerns. But the economy is still hurting, with airlines running at a fraction of their capacities and restaurants still mostly empty.

“That’s not an economy that’s back to normal,” said Tom Hainlin, national investment strategist at U.S. Bank Wealth Management. “Ultimately, the economy doesn’t fully reopen until we get a vaccine or a therapeutic,” he said.

For the moment, though, he said, “People are willing to see that the world’s cup is slightly half-full right now.”

Adding to the cup was an announcement from the U.S. Trade Representative that “both sides see progress” following trade talks between the world’s two largest economies. China’s Ministry of Commerce said the two sides discussed strengthening coordination of their economic policies, though it gave no details.

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Petition Launches to Mandate Personal Finance Courses are Taught to Students

LAS VEGAS, Aug. 25, 2020 /PRNewswire/ — The National Financial Educators Council (NFEC) launches a petition website to encourage public schools adopt comprehensive financial education programming. This campaign is designed to show policymakers the American public wants financial literacy taught and leverage this to encourage them to mandate and fund comprehensive personal finance courses in public schools.
” data-reactid=”12″LAS VEGAS, Aug. 25, 2020 /PRNewswire/ — The National Financial Educators Council (NFEC) launches a petition website to encourage public schools adopt comprehensive financial education programming. This campaign is designed to show policymakers the American public wants financial literacy taught and leverage this to encourage them to mandate and fund comprehensive personal finance courses in public schools.

https://TeachFinancialLiteracy.org/ ” data-reactid=”13″The NFEC created this website to give people that believe that public schools should provide comprehensive financial literacy education a voice and encourages them to sign the petition at: https://TeachFinancialLiteracy.org/

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The Main Benefits Of Buying Car Insurance Online

https://compare-autoinsurance.org/) has launched a new blog post that explains the benefits of purchasing online car insurance.” data-reactid=”12″LOS ANGELES, CA / ACCESSWIRE / August 28, 2020 / Compare-autoinsurance.org (https://compare-autoinsurance.org/) has launched a new blog post that explains the benefits of purchasing online car insurance.

https://compare-autoinsurance.org/the-main-reasons-why-should-you-buy-a-car-insurance-policy-online/” data-reactid=”13″For more info and free auto insurance quotes, visit https://compare-autoinsurance.org/the-main-reasons-why-should-you-buy-a-car-insurance-policy-online/

In the past years, buying an online car insurance policy has become popular among people that want to save time. Purchasing car insurance online is simple and has multiple advantages for those that choose this method of getting an insurance policy.

Persons that choose to purchase an online policy can enjoy the following benefits:

  • Convenience. For many years, drivers had no other choice than going from one insurance company’s physical location to another in order to get quotes. This
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British start-up Culture Trip confirms CEO is stepping down

(L-R) Executive Producer Daniel Montalto, Executives in charge of Culture Trip Michael Fox and Dr. Kris Naudts and Executive Producer Elizabeth Carter attend Culture Trip premiere of the “The Soul of Soho” film at SXSW on March 09, 2019 in Austin, Texas.

Getty

British travel and entertainment start-up Culture Trip has confirmed that founder Kris Naudts is stepping down as the company’s chief executive. 

Naudts, who will retain his position as chairman, will be replaced by Didier Stoessel, who has worked for Modern Times Group, HSBC Investment Bank, and Merrill Lynch International. The news was first reported by Business Insider on Tuesday and later confirmed to CNBC. 

Culture Trip said Naudts will now focus on the company’s wider strategy, external relations, and corporate governance, while the day-to-day management of the business will be controlled by Stoessel. 

“I am looking forward to focusing on my role as chairman after having led

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Dwayne ‘The Rock’ Johnson Invests in Acorns Finance App, New Users Get $7

Dwayne Johnson, left, and Dany Garcia.

Photographer: Kevin Mazur/Eric Umphrey via Acorns

Dwayne “The Rock” Johnson and his business partner Dany Garcia are making a investment in digital personal-finance service Acorns — which will give each new user a $7 credit, a symbolic reference to when he was a struggling athlete and the amount of money he had left in his pocket.

Acorns is a micro-investing platform including a service that lets users automatically round up their purchases to the nearest dollar and deploy the difference in a diversified portfolio of exchange-traded funds. The company has almost $3 billion under management and 8 million people in the U.S. have opened accounts.

Years before Johnson became one of the biggest movie stars in the world, he was cut from the Canadian Football League in 1995 and left with just $7. When he and Garcia co-founded

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J.M. Smucker lifts annual forecast on strong demand for coffee, frozen foods

(Reuters) – J.M. Smucker Co (SJM.N) on Tuesday raised its full-year targets after beating Wall Street estimates for first-quarter earnings and revenue on strong demand for its coffee, frozen sandwiches and peanut butter from stuck-at-home consumers.

FILE PHOTO: Containers of Smuckers’s Jam are displayed in a supermarket in New York City, U.S. February 15, 2017. REUTERS/Brendan McDermid

Shares rose as much as 9% as the Jif peanut butter maker posted a 23% jump in sales at its U.S. retail coffee business.

“It has been a long time since Smucker did anything but lower its revenue outlook after reporting fiscal Q1; so, today’s raise is rare,” J.P. Morgan analyst Ken Goldman wrote in a note.

Demand for packaged foods and coffee has remained strong, with extended work-from-home policies and the closure of schools as the COVID-19 pandemic prompted people to stick to eating at home rather than dining out.

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South Korea urged to follow Japanese lead on coal finance ban

South Korea has been castigated by environmentalists and international investors for failing to follow Japan in slashing funding for coal power overseas.

The criticism was levelled as Moon Jae-in’s government touted investment in clean energy as part of a Green New Deal, a vital component of an unprecedented $233bn stimulus that was pledged in the wake of the economic damage wrought by coronavirus.

Tokyo last month announced it would cut most state support for coal-fired power plants. The move followed years of campaigning by environmentalists over concerns that cheap Japanese loans spurred decades of fossil fuel dependency in developing countries.

The pressure on South Korea to follow suit comes after rising investor concern about carbon emissions and climate change: state-backed Korea Electric Power Corp alongside Korean banks have been targeted by activists over involvement in coal projects in south-east Asia.

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