Barrister Global Services Network Inc
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Company profile

Barrister Global Services Network, Inc. is a provider of provides multi-vendor information technology (IT) services. The Company serves customers in commercial, consumer, educational and Governmental markets through direct and indirect channels. The Company's services range from onsite break/fix hardware repair and per incident on-site hardware repair to managed help desk and equipment installations, de-installations and disposals. The Company supports its retail clients with point-of-sale (POS) and kiosk services ranging from deployment, to installation, to ongoing onsite maintenance and hot-swap services. The Company delivers full service maintenance covering both in-warranty and out-of-warranty multi-vendor equipment. Services include remedial maintenance, replacement parts and technical support. The Company offers full service maintenance for multi-vendor POS systems, such as on-site service and depot repair service.

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UPDATE: Weekend reads: Additional unemployment benefit of $600 a week is on the line

12:01 pm ET July 25, 2020 (MarketWatch)
Print

By Philip van Doorn, MarketWatch

Also, an interview with Anthony Fauci, Tesla's big run and beautiful retirement destinations

When the Coronavirus Aid, Relief, and Economic Security Act was passed by Congress and signed into law by President Trump in March, it included an additional $600 a week for people receiving unemployment benefits from their states. But eligibility for the program ends this week and payments end next week, unless Congress and Trump agree to a new COVID-19 aid package or a stopgap legislative measure.

-- Jonathan Nicholson explains why even a small delay in new legislation would result in a gap of two to four weeks for unemployment recipients (http://www.marketwatch.com/story/no-stopgap-to-preserve-600-jobless-benefit-add-on-white-houses-meadows-says-11595462487).

-- President Trump called the $600 payments "a lifeline," and said "we're doing it again," but for a smaller amount (http://www.marketwatch.com/story/failing-to-extend-the-extra-600-in-unemployment-benefits-would-be-the-economic-equivalent-of-reopening-the-economy-too-soon-one-policy-analyst-says-11595298347).

-- Robert Pozen suggests lowering the additional unemployment payments (because the extra $600 meant some unemployed people were making more money than they did before they lost their jobs), while increasing tax incentives to businesses to get more people back to work (http://www.marketwatch.com/story/give-businesses-bigger-tax-credits-to-boost-job-growth-and-lower-the-600-a-week-unemployment-bonus-so-people-get-back-to-work-2020-07-22).

Tesla does it again

Tesla Inc. (TSLA) reported a surprise second-quarter profit (http://www.marketwatch.com/story/tesla-reports-surprise-q2-profit-2020-07-22), which led Wall Street analysts (even those who are sour on the stock) to increase their price targets (http://www.marketwatch.com/story/tesla-stock-rises-as-blowout-earnings-prompt-both-bulls-and-bears-to-boost-price-targets-2020-07-23). Tesla's stock was up 262% for 2020 through July 23.

Then again, the analysts indicate the stock may be overheated. The consensus price target was $1,208.07, according to FactSet. That's 20% below the closing price of $1,513.07 on July 23.

Tesla CEO Elon Musk said he would continue to focus on rapid growth rather than the bottom line (http://www.marketwatch.com/story/elon-musk-doesnt-want-tesla-to-be-super-profitable-as-it-soars-toward-a-300-billion-valuation-2020-07-22).

Related: Tesla picks Austin, Texas, as next 'gigafactory' location (http://www.marketwatch.com/story/tesla-picks-austin-texas-as-next-gigafactory-location-2020-07-22)

Fauci confident on vaccine

Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, said he was cautiously optimistic "that we'll have a [coronavirus] vaccine by the end of this calendar year or the first month or two of 2021," during an extensive interview (http://www.marketwatch.com/story/anthony-fauci-tells-marketwatch-i-would-not-get-on-a-plane-or-eat-inside-a-restaurant-2020-07-24) with MarketWatch's Quentin Fottrell.

60/40

In light of the rapid transformation of the U.S. economy, with incredibly low interest rates and a tremendous increase to the money supply, several big money managers have said that the traditional retirement account mix of 60% stocks and 40% bonds is passe. But Vanguard Group has defended the old 60/40 portfolio (http://www.marketwatch.com/story/vanguard-comes-to-defense-of-the-6040-portfolio-as-it-forecasts-stock-market-returns-for-the-next-decade-2020-07-23), showing how well it has held up this year and pointing to its long-term advantages.

Beautiful retirement destinations

Silvia Ascarelli helps a couple who wish to live in a diverse area that is warm, has beautiful beaches and some culture (http://www.marketwatch.com/story/we-want-a-diverse-area-with-moderate-population-warm-beach-and-culture-so-where-should-we-retire-2020-07-18).

Tech stocks

Here are two stocks that can help investors as cloud technology moves into a new phase (http://www.marketwatch.com/story/these-2-stocks-will-profit-from-transformative-tech-trends-2020-07-22).

And here are four more from a money manager who doesn't think tech stocks are overvalued (http://www.marketwatch.com/story/fund-manager-defends-tech-stock-valuations-as-he-picks-four-to-benefit-from-disruption-2020-07-24).

Housing

The U.S. housing market is dynamic, as the increased money supply, low interest rates and government assistance counter the terrible effects of the COVID-19 epidemic. Here's a sampling of coverage:

-- America is facing an eviction crisis as moratoriums expire: 'This is a potential catastrophe' (http://www.marketwatch.com/story/america-is-facing-an-eviction-crisis-as-moratoriums-expire-this-is-a-potential-catastrophe-2020-07-23)

-- New-home sales surge in June and are now above previous cycle-high hit at start of 2020 (http://www.marketwatch.com/story/new-home-sales-surge-in-june-and-are-now-above-previous-cycle-high-hit-at-start-of-2020-2020-07-24)

-- Existing-home sales rebound strongly in June from pandemic-fueled lows (http://www.marketwatch.com/story/existing-home-sales-rebound-strongly-in-june-from-pandemic-fueled-lows-but-will-the-recovery-be-sustainable-in-the-long-term-2020-07-22)

-- The share of Americans skipping their mortgage payments falls to lowest level in two months (http://www.marketwatch.com/story/the-share-of-americans-skipping-their-mortgage-payments-falls-to-lowest-level-in-two-months-11595275365)

-- Which DIY home renovation projects could add the most value to your house -- and which ones to avoid (http://www.marketwatch.com/story/diy-renovation-projects-offer-the-best-return-to-homeowners-but-theres-a-catch-2020-07-23)

-- Look what happened to home prices when the coronavirus sent stocks into a bear market (http://www.marketwatch.com/story/look-what-happened-to-home-prices-when-the-coronavirus-sent-stocks-into-a-bear-market-2020-07-21)

-- Did your marriage hit the rocks during the pandemic? What divorcing homeowners need to know (http://www.marketwatch.com/story/ending-your-marriage-during-the-pandemic-what-divorcing-homeowners-need-to-know-2020-07-21)

Buy the big banks

Michael Brush believes the largest U.S. banks (and some foreign ones) are excellent investments right now, because their high dividends are well-supported and because bank stocks perform well during economic recoveries (http://www.marketwatch.com/story/you-should-invest-in-big-banks-now-for-their-rich-dividends-2020-07-21).

Microsoft has Salesforce.com in the cross hairs

Microsoft Corp. (MSFT) reported another very strong quarter (http://www.marketwatch.com/story/microsoft-reports-record-revenue-to-wrap-up-a-record-breaking-fiscal-year-2020-07-22) for earnings and sales. Digging further, Daniel Newman believes Salesforce.com Inc.'s (CRM) "days are numbered (http://www.marketwatch.com/story/theres-growing-evidence-that-microsoft-will-overtake-salesforce-in-its-core-business-within-three-years-2020-07-23)," because of the rapid growth of Microsoft's Dynamics 365 system.

Targeting Chinese stocks

Under the Sarbanes-Oxley Act of 2002, auditors of companies whose stocks are publicly listed on U.S. exchanges are required to have their work and practices inspected by the Public Company Accounting Oversight Board. But the PCAOB has never been able to do this for Chinese companies that are listed in the U.S. Luckin Coffee (LKNCY) is an example of a company whose suspected fraud may have been discovered through the required inspection process.

But Jennifer J. Schulp and C. Wallace DeWitt believe that the bipartisan "Holding Foreign Companies Accountable Act," which has been passed unanimously by the Senate, risks putting the Securities and Exchange Commission in a "political minefield," and that a uniform set of rules, not specifically targeting Chinese companies, would be better (http://www.marketwatch.com/story/the-senates-china-bashing-legislation-on-auditors-has-the-nuance-of-a-sledgehammer-2020-07-24).

More on the relationship between the U.S. and China:

-- Mohamed A. El-Erian: How the U.S. and China can avoid an ugly breakup (http://www.marketwatch.com/story/how-the-u-s-and-china-can-avoid-an-ugly-breakup-11595338163)

-- Arvind Subramanian: China has blown its opportunity to control the world with soft power (http://www.marketwatch.com/story/china-has-blown-its-opportunity-to-control-the-world-with-soft-power-11595260456)

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-Philip van Doorn; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

July 25, 2020 12:01 ET (16:01 GMT)

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