We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […] …read more […]
Yahoo Finance’s Alexis Christoforous and Dan Roberts discuss Uber’s cutbacks amid the coronavirus outbreak. …read more […]
(Bloomberg) — Ford Motor Co. suspended the dividend that management repeatedly vowed to maintain even through a downturn as a global pandemic forces the struggling automaker to protect its cash reserves.The company took the step to prioritize financial flexibility and investments in new-product launches this year, according to a statement. Ford also will fully draw $15.4 billion from two credit lines and retracted the 2020 earnings guidance it gave investors Feb. 4.“While we obviously didn’t foresee the coronavirus pandemic, we have maintained a strong balance sheet and ample liquidity so that we could weather economic uncertainty and continue to invest …read more […]
(Bloomberg) — Blue Apron Holdings Inc. shares extended a record four-day surge that has seen the stock jump more than 1,100% this week alone.The meal-kit delivery company opened above $25 a share for the first time since the fall of 2018, as investors flock for safety from the coronavirus-driven rout. The optimism comes as Americans prepare for a potential “shelter-in-place” order that would restrict their ability to leave their homes.The shares spiked as much as 77% on Thursday, trading at the highest level since September 2018, before trimming those gains and triggering a volatility pause. The latest move comes as …read more […]
One of the most aggressive state-run cash pools that regularly trounces the returns of peers and money-market funds with big bets on short-term corporate debt is no longer eager to buy some of the blue-chip names that produce those juicy yields.
Colombia will block the entrance of all non-citizens beginning this weekend, President Ivan Duque said on Thursday, in a bid to control the spread of coronavirus.
Dr. Mehmet Oz, Host of “The Dr. Oz Show”, joins Influencers with Andy Serwer to explain the dangers of the coronavirus and offer his expert advice about how to stay safe amid the COVID-19 crisis. …read more […]
The U.S. Department of Energy said on Thursday it will buy an initial 30 million barrels of oil for the Strategic Petroleum Reserve as an initial step to fulfill President Donald Trump’s directive to fill the reserve to help domestic crude producers.
Dr. Mehmet Oz, Host of “The Dr. Oz Show”, joins Influencers with Andy Serwer to explain the dangers of the coronavirus and offer his expert advice about how to stay safe amid the COVID-19 crisis. …read more […]
BMRA stock is soaring while the rest of the market continues to plummet. Biomerica, Inc. (Nasdaq: BMRA) announced that it has begun shipping samples of its coronavirus test. This led to rapid gains in the market with no signs of slowing down.
Biomerica is well ahead of its competition. In fact, its testing kit is portable, simple to use and it provides fast results.
What Sets BMRA Stock Apart During the Outbreak?
Biomerica is providing rapid testing for COVID-19 at a time when thousands of people are searching for answers. This is the key to their rise in the market.
Not only are they …read more […]
A leading academic medical center has administered the test medication, leronlimab, in two of their sickest COVID-19 patients. Neither patient has had any serious adverse reactions to leronlimab since it was administered. We are hopeful […]
Initial weekly jobless claims have jumped to a two-year high. …read more […]
Ray Dalio, founder of hedge fund Bridgewater Associates LP, said on Thursday corporations in the United States will lose as much as $4 trillion due to the economic damage from coronavirus outbreak.
A summit of Southeast Asian and other international leaders scheduled in Vietnam early next month has been postponed until end-June due to worries about coronavirus, Vietnam’s Ministry of Foreign Affairs said on Thursday.
The world’s wealthiest nations poured unprecedented aid into the reeling global economy on Thursday as coronavirus cases ballooned in the current epicentre Europe and London became the latest major center bracing for lockdown.
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