Trading Ideas
Year: 2020
Business News
Trump threatens to block aid for U.S. post office if it does not raise prices for Amazon
President Donald Trump on Friday threatened to block federal aid for the U.S. Postal Service unless it raises shipping rates for online companies like Amazon.com, prompting criticism that the move would hurt consumers relying more than usual on packages during the coronavirus outbreak.
Trading Ideas
Time to Consider Herd Immunity For New York City And The Rest Of The Country
Yesterday Governor Cuomo announced one of the worst news I heard all month long. Only 21% of New Yorkers tested positive for COVID-19 antibodies in recently administered semi-random antibody tests. The dumb media was kind of surprised by this news. One Bloomberg article said the following: “…the preliminary results appear to confirm predictions that the […] …read more […]
Business News
Airbnb booking data from China offers glimpse of a rebound
While the coronavirus pandemic has frozen global travel and hit the travel industry hard, data from home-sharing startup Airbnb Inc shows the number of domestic bookings in China for the first half of April were up more than 200% compared with the same period in March.
Business News
Volkswagen pushes back possible restart of operations in Mexico
German automaker Volkswagen will extend until at least May 18 a suspension on operations at two production plants in Mexico due to the ongoing coronavirus pandemic, the company said in a statement on Friday.
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Coronavirus Has Popped the Boeing and Airbus Bubble
(Bloomberg Opinion) — It’s not just air tickets that are being canceled as the coronavirus causes global travel to seize up. Purchases of aircraft are also being pulled.Aircraft lessors Avolon Holdings Ltd., China Development Bank Financial Leasing Co., and General Electric Co.’s GECAS have rescinded orders for 173 Boeing Co. 737 MAX aircraft over the past month, worth $17.8 billion at list prices. Airbus is cutting output of planes by a third, while Boeing will reduce production of 787 Dreamliners by half, people familiar with the plans told Julie Johnsson and Siddharth Philip of Bloomberg News.There’s likely to be more …read more […]
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IRS 'Get My Payment' stimulus tool to get critical update
The IRS will be initiating “planned outages” on Friday and Saturday, following an earlier outage on Thursday for its “Get My Payment” tool at IRS.gov. …read more […]
Business News
Wall Street Week Ahead: Spotlight falls on ‘dividend aristocrats’ after market tumult
Companies across a range of industries are slashing or suspending dividends to cope with the economic fallout from the coronavirus outbreak, complicating the stock selection process for money managers eager to buttress their portfolios with a steady stream of income.
Business News
New North American trade pact to take effect July 1: USTR
U.S. Trade Representative Robert Lighthizer on Friday said he has notified Congress that the new U.S.-Mexico-Canada trade agreement will take effect on July 1, a month later than initially proposed.
Business News
As U.S. coronavirus death toll tops 51,000, handful of states move toward reopening
With the U.S. coronavirus death toll topping 51,000 and nearly one in six workers out of a job, Georgia, Oklahoma and several other states took tentative steps at reopening businesses on Friday, despite disapproval from President Donald Trump and medical experts.
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Meat Supply Threats Grow With First Brazil Shutdown, U.S. Turkey Halt
(Bloomberg) — Plant shutdowns are leaving the U.S. dangerously close to meat shortages as coronavirus outbreaks now spread to suppliers across the Americas.Almost a third of U.S. pork capacity is down, the first big poultry plants closed on Friday and experts are warning that domestic shortages are just weeks away. Brazil, the world’s No. 1 shipper of chicken and beef, saw its first major closure with the halt of a poultry plant owned by JBS SA, the world’s biggest meat company. Key operations are also down in Canada.While hundreds of plants in the Americas are still running, the staggering acceleration …read more […]
Trading Ideas
Trading Ideas
The Best Way to Buy Physical Gold Right Now
One of the lesser-known casualties of the coronavirus crisis is physical gold.
You know, the type of stuff that you used to be able to buy from a coin dealer?
Physical gold is in such short supply today that paying $100 or $200 more per ounce than the spot price is not unusual (it’s usually a small fraction of that).
But refiners are currently having trouble getting the metal… if they are even operating. Mines have shut down due to government mandates, as well as to protect workers from the virus. Mints have closed – transport is affected. In other words, good luck …read more […]
Business News
Explainer: How the U.S. could use taxpayer dollars to save oil and energy companies
The U.S. federal government is looking at “a whole bunch of alternatives” to support oil and other energy companies, Treasury Secretary Steven Mnuchin said on Friday as the industry struggles with plummeting prices and demand as the coronavirus crushes economic activity.
Business News
Unions denounce Las Vegas mayor’s call to re-open casinos
The powerful United Auto Workers union on Friday criticized Las Vegas Mayor Carolyn Goodman’s call to re-open casinos despite the continued risk of coronavirus, the latest labor organization to weigh in on her remarks.