Day: October 11, 2020

Buy Alphabet if This Happens

Dow futures gain on President Donald Trump’s new stance on stimulus. Stocks finished sharply higher Wednesday after Trump said he would consider alternative aid measures such as a new round of stimulus checks, support for airlines, and the Paycheck Protection Program.

a close up of a sign: Morning Bell With Jim Cramer: Buy Alphabet if This Happens

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Morning Bell With Jim Cramer: Buy Alphabet if This Happens

In the last episode of Mad Money, Jim Cramer said that when the president tweets something that tanks the stock market, it’s a mistake to sell, because President Trump hates lower stock prices and almost always reverses himself.


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TheStreet’s Katherine Ross and Cramer are on Street Lightning talking about buying Alphabet stock, alternatives to the stimulus package, and Trump’s tweets.

Alphabet Stock: Buy or Sell?

A House panel proposed to limit the power and influence of the tech giants including Amazon , Facebook , Apple , and Alphabet Inc. , the parent company of Google.

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Chicago Fed President Charles Evans speaks with Yahoo Finance [Transcript]

Charles Evans, president of the Federal Reserve Bank of Chicago, spoke with Yahoo Finance to discuss the economic implications of no fiscal stimulus and what lies ahead for Fed policy.


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Below is a transcript of his appearance, taped on Oct. 8 and aired on Oct. 9.

BRIAN CHEUNG: All right, well joining us now for a discussion on the US economy and Federal Reserve policy is the Federal Reserve Bank of Chicago President Charles Evans. President Evans, thanks so much for joining us here on Yahoo Finance today.

CHARLES EVANS: Thanks, Brian. Happy to be here.

BRIAN CHEUNG: So I wanted to kick things off with the discussion about the labor market. So we did see jobless claims on Thursday morning. Still 1.3 million Americans turning to unemployment insurance when you add Pandemic Unemployment Assistance. Now, the Fed has said that it’s going to keep rates at

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Hub International Limited Acquires Assets of Maryland’s Bernstein Insurance

Global insurance brokerage Hub International Limited has acquired the assets of Bernstein Insurance LLC. Terms of the transaction were not disclosed.

Bernstein Insurance’s principal owner, Jennifer Bernstein, was previously part of Nationwide Mutual Insurance Company’s exclusive distribution model and is now joining Hub as she recently transitioned to an independent broker.

Located in Odenton, Md., Bernstein Insurance provides personal and commercial insurance solutions, including home, auto, life and business. Jennifer and her son, Michael Bernstein, will be joining Hub Mid-Atlantic and will report to Norman Breitenbach, president of the region.

This announcement follows Hub’s recent acquisitions of the insurance brokerage assets of Rockville Insurance Agency Inc., Jeffrey Preston Zepp and Charles Rhett Butler, each of whom also transitioned from Nationwide’s exclusive distribution model to independent brokers.

Since last year, Hub has added 19 agencies that were previously exclusive Nationwide agents and subsequently became independent.

Headquartered in Chicago, Illinois, Hub International

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Loans| You can prepay personal loan without any penalty charges

a close up of text on a white background: Usually a bank will not ask for additional papers after sanction of a loan.

© Provided by The Financial Express
Usually a bank will not ask for additional papers after sanction of a loan.

By Chaitali Dutta

Will the bank levy penalty if I prepay a personal loan of Rs 2 lakh?

-Rajesh Katara

No. Usually personal loans are on a floating rate basis. In such loans, you may repay the loan any time, subject to the conditions put in the sanction letter. Please read the sanction letter carefully to see if they have mentioned any upper limit for repayment or a restricted period from the loan disbursed for repayment.

My home loan was sanctioned before the lockdown. Now, the bank wants a fresh employment letter. I got a new job in August and it is not accepting that. Should I go to another bank as I have paid booking amount?

-Ajay Kaushik

This may be due to the stress on the job front

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