Trading Ideas
COVID-19 impact on rental car companies also hurts automakers
The coronavirus pandemic has decimated the rental car business, which also hurts automakers. Hertz says it won’t need to buy any new vehicles in 2020. …read more […]
Year: 2020
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Colombia's Avianca airline files for bankruptcy over coronavirus impact
Avianca Holdings SA, Latin America’s second-largest airline, filed for Chapter 11 bankruptcy on Sunday, as a bond payment deadline loomed and after unsuccessfully pursuing emergency aid from Colombia’s government to survive the coronavirus crisis. Avianca estimated liabilities between $1 billion to $10 billion in a filing with the U.S. Bankruptcy Court for the Southern District of New York. “Avianca is facing the most challenging crisis in our 100-year history,” CEO Anko van der Werff said in a press release. …read more […]
Business News
EU could open legal case against Germany over ECB bond-purchases ruling: Commission
The European Commission could open a legal case against Germany over a ruling by the country’s constitutional court that the European Central Bank had overstepped its mandate with bond purchases, the EU executive arm said on Sunday.
Business News
Germany’s Altmaier opposes active state role at Lufthansa
Germany is working on a “concrete model” to aid Lufthansa, Economy Minister Peter Altmaier said on Sunday, amid a political row over whether the state should take a strategic shareholding and play an active role in the stricken airline.
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Germany's Altmaier opposes active state role at Lufthansa
Germany is working on a “concrete model” to aid Lufthansa, Economy Minister Peter Altmaier said on Sunday, amid a political row over whether the state should take a strategic shareholding and play an active role in the stricken airline. Altmaier’s comments followed calls by the Social Democratic Party, junior partners in Chancellor Angela Merkel’s ruling coalition, to tie aid for Lufthansa to protecting jobs, cutting the dividend and giving the government a say on strategy. …read more […]
Business News
White House considers more coronavirus stimulus, with conditions: officials
The White House has started informal talks with Republicans and Democrats in Congress about next steps on coronavirus relief legislation, officials said on Sunday, but they stressed any new federal money would come with conditions.
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Business News
EU could open legal case again Germany over ECB bond-purchases ruling: Commission
The European Commission could open a legal case against Germany over a ruling by the country’s constitutional court that the European Central Bank had overstepped its mandate with bond purchases, the EU executive arm said on Sunday.
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Was The Smart Money Smart About Dave & Buster’s Entertainment (PLAY)?
Hedge funds don’t get the respect they used to get. Nowadays investors prefer passive funds over actively managed funds. One thing they don’t realize is that 100% of the passive funds didn’t see the coronavirus recession coming, but a lot of hedge funds did. Even we published an article near the end of February and […] …read more […]
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What you need to know for your taxes if you're getting coronavirus relief from unemployment
From unemployment benefits to stimulus checks to withdrawals from retirement accounts, coronavirus relief measures could hit your taxes next year. …read more […]
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Analysts Are Upgrading Inphi Corporation (NYSE:IPHI) After Its Latest Results
It’s been a pretty great week for Inphi Corporation (NYSE:IPHI) shareholders, with its shares surging 20% to US$111 in… …read more […]
Trading Ideas
Retail sales, Fed Chair Jerome Powell speaks: What to know in the week ahead
COVID-19 and its impact on the U.S. economy will continue to take center stage in the week ahead. …read more […]
Business News
U.S. unemployment rate will get worse, Treasury’s Mnuchin says
The staggering U.S. unemployment rate reported by the government on Friday amid coronavirus lockdowns may get even worse, Treasury Secretary Steven Mnuchin said on Sunday.
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Trump asking justices to bar demands for taxes, bank records
President Donald Trump is hoping to persuade a Supreme Court with two of his appointees to keep his tax and other financial records from being turned over to lawmakers and a New York district attorney. The justices are hearing arguments by telephone Tuesday in a pivotal legal fight that could affect the presidential campaign, even with the coronavirus outbreak and the resulting economic fallout. Rulings against the president could result in the quick release of personal financial information that Trump has sought strenuously to keep private. …read more […]