U.S. banks are swimming in money
Hello there,
U.S banks have recorded a $2 trillion surge in cash in 2020 -- an unprecedented inflow. In April alone, deposits grew by $865 billion, which is more than the previous record for inflows in an entire year. Click here to read more.
The stock market vs The Coronavirus fears
Last week, the U.S. stock market was pressured by persistent worries about the coronavirus outbreak. The Dow and S&P 500 only advanced by 1%, while the Nasdaq Composite surged by more than 3%. Click here to read more.
Amazon plans to air Premier League matches for free
Amazon (NASDAQ: AMZN) has announced that it is making 4 of its Premier League soccer matches free to watch on Amazon Prime and its live video streaming service, Twitch. Click here to read more.
Premarket movers
Take a look at some of the biggest premarket movers
What else we are reading
American Airlines to raise $3.5 billion in new financing. Click here to read more
CarMax Earnings Beat Views As Sales Trends Improve. Click here to read more
Nikola Motor to open Arizona plant in July. Click here to read more
That’s all from us.
We will see you tomorrow.