The Los Angeles area is in ’emergency’ mode after 6 new cases reported in the area. This as reports of a Miami resident stuck with a $3,200 medical bill after being tested for the virus and finding out he didn’t have it. …read more […]
General Motors Co Chief Executive Mary Barra said Wednesday the Detroit automaker will invest $20 billion by 2025 in electric and automated vehicles as it races to catch up with Elon Musk’s Tesla Inc as vehicles go electric.
General Motors Co Chief Executive Mary Barra said on Wednesday the automaker’s North American vehicle production should be secure from parts shortages caused by the coronavirus outbreak “quite far into this month.”
U.S. automaker General Motors Co on Wednesday launched Ultium, a battery with higher capacity and fast charging capabilities, to power its upcoming line of electric vehicles.
Andrew Bailey, set to become Bank of England governor just as Britain is facing an economic hit from coronavirus, said financial support would probably have to be rushed out for companies struggling with disruption caused by the outbreak.
Maybe the Fed’s emergency rate cut in response to the coronavirus isn’t such a bad thing for investors. …read more […]
China’s exports of vital parts and components for products ranging from automobiles to cellphones are estimated to have shrunk by an annualized 2% in February, costing other countries and their industries $50 billion, a United Nations agency said on Wednesday. The world’s second-largest economy – and epicenter of the coronavirus outbreak that has spread to 75 nations – accounts for a fifth of global trade in intermediate products. “There is a ripple effect throughout the global economy to the tune of a $50 billion fall in exports across the world,” Pamela Coke-Hamilton, director of UNCTAD’s division of international …read more […]
Coronavirus is probably the 1 concern in investors’ minds right now. It should be. We estimate that COVID-19 will kill around 5 million people worldwide and there is a 3.3% probability that Donald Trump will die from the new coronavirus (read the details). If Warren Buffett catches the virus, his probability of death is 5.6%. […] …read more […]
Guru notes the sales do not reflect the fund’s stance on sector’s attractiveness Continue reading… …read more […]
Intel and BJ’s on the list Continue reading… …read more […]
The spreading coronavirus outbreak poses a double-barreled threat to U.S. workers who face not only the prospect of lost wages if they are forced to stay home during a quarantine but also a fragile safety net to fall back on during such a crisis.
General Electric Co predicted on Wednesday that the coronavirus would wipe out a substantial chunk of industrial free cash flow in the first quarter, but stuck to full-year financial targets the company set in January.GE predicted that the outbreak would erase $300 million to $500 million from industrial free cash flow and cause a hit of $200 million to $300 million to its first-quarter operating profit. GE set a forecast for first-quarter earnings of about 10 cents a sh
Fiat Chrysler Automobiles said on Wednesday its U.S. sales chief, Reid Bigland, is leaving the company to pursue other interests.
Yahoo Finance’s Adam Shapiro breaks down the latest stories that are pushing headlines on On the Move. …read more […]
The faster spread of the coronavirus will wipe out any hope of stronger growth in 2020, International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday, adding that a third of the Fund’s 189 member countries were now affected.
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