Boeing Co’s recently aborted $4.2 billion agreement to buy the commercial jet-making operations of Brazil’s Embraer specifically forbade either party from calling it off because of a pandemic or a global economic recession, Reuters has found.
(Bloomberg) — The Federal Reserve revamped its Main Street Lending Program in ways that will allow battered oil companies to qualify for the aid after industry allies lobbied the Trump administration.Larger, more heavily indebted companies can now qualify and use the money to pay off prior loans under the changes the central bank announced Thursday.The move opens the door to more oil and gas producers, said Senator Kevin Cramer, a Republican from North Dakota, who had pressed the administration on the issue as energy companies struggle to survive an epic collapse in fuel demand and crude prices.“With the decrease in …read more […]
First quarter GDP took a hit, and it’s likely second quarter GDP will as well.
But, as Alexander Green explains, the market is already looking ahead to the third and fourth quarters. Here’s what investors understand that the experts don’t.
Virtually everything that happens in the market these days – with stocks, bonds, currencies and commodities – is either directly or tangentially related to the coronavirus.
So to gain more confidence about what to do with your portfolio, you need to better understand the outlook in our war against this “invisible enemy.”
The prognosis is actually quite positive. Yet most people don’t see it.
I …read more […]
Ford Motor Co on Thursday outlined the safety measures it will institute to restart its most profitable U.S. plants amid the coronavirus pandemic, expanding on similar efforts by General Motors Co and Fiat Chrysler to convince leaders of the United Auto Workers union to send members back to work.
By keeping a key rate close to zero, the Fed is contributing to cheap mortgage rates. …read more […]
Wall Street’s main indexes fell on Thursday after a strong month of gains as millions of more Americans applied for jobless claims, taking the shine off a strong rally this month and eclipsing upbeat results from Facebook and Tesla.
NEXT SUPER STOCK conference presenter NexTech AR Solutions (OTC: NEXCF) (CSE: NTAR) exclusive interview with CEO Evan Gappleberg. Topics discussed include: – Acquisition of remote training & virtual training app Jolokia, growing […]
The Italian airport operators association, Assaeroporti, said on Thursday proposals to keep some seats empty on planes for social distancing would not be workable if only imposed by Italy and would make the domestic sector vulnerable to foreign rivals.
Ford Motor Co on Thursday outlined the safety measures it will institute to restart its most profitable U.S. plants amid the coronavirus pandemic, expanding on similar efforts by General Motors Co and Fiat Chrysler to convince leaders of the United Auto Workers union to send members back to work. The UAW so far has not agreed to endorse reopening U.S. auto plants, even as workers in Europe and Asia are going back to their jobs. Virtually all U.S. automotive production ground to a halt in March as the number of COVID-19 infections grew rapidly. …read more […]
Berkshire Hathaway Inc’s annual meeting will be nothing like the extravaganzas of years past, but will give Warren Buffett a chance to show how resilient his cash-rich conglomerate may be to the coronavirus pandemic, and the investment opportunities it offers.
Warren Buffett’s Berkshire Hathaway Inc’s annual meeting on May 2 will break with tradition and be held virtually, as the coronavirus pandemic halts large gatherings.
The number of jobs lost due to the coronavirus shutdown continue to mount, with the latest weekly total of Americans applying for unemployment benefits nearly topping 4 million yet again. Yahoo Finance’s Zack Guzman and Heidi Chung break down the details. …read more […]
(This story corrects headline and first paragraph in April 23 story after company clarifies it had mistakenly termed the 300 million as users instead of meeting participants)
A fourth bill to provide stimulus to the U.S. economy may not be needed if states are able to successfully reopen their economies “relatively quickly,” as some forecasters and equity markets expect, a White House economic adviser said on Thursday.
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