Business News
A U.S. recession? Probably. Depression? Only if the virus is untamed
WASHINGTON – A U.S. recession may already be underway. Could it be worse?
Year: 2020
Trading Ideas
How to Beat the Coronavirus
In challenging times, it’s important to protect both your health and wealth.
Today, Alexander Green shares a surefire way to boost your immunity: a healthy diet.
Over the last two decades, I’ve written many columns about how to protect your wealth through asset allocation, diversification, trailing stops, lower investment costs and greater tax efficiency.
Today I want to talk about protecting something far more important: your health.
Data out of Italy and China reveals that older men and women with COVID-19 have far higher mortality rates than younger ones.
For folks over 60, it’s almost 5%. For those over 70, it’s 10%. And for those …read more […]
Business News
S&P cuts Airbus outlook amid concern over deliveries, advances
Ratings agency Standard & Poors placed Airbus on its watch list for a possible downgrade as doubts surfaced over the future level of aircraft deliveries and advance payments from airlines battered by the coronavirus crisis.
Business News
U.S. consumer sentiment near three-and-a-half-year low, spending tepid
U.S. consumer sentiment dropped to near a 3-1/2-year low in March as the coronavirus epidemic upended life for Americans, and consumer spending was sluggish in February, strengthening economists’ expectations of a deep recession.
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Apple works with White House to release COVID-19 app
Yahoo Finance’s Dan Howley joins the On The Move panel to break down the details of Apple’s new COVID-19 app. The tech giant partnered with the CDC and White House to create the app. …read more […]
Business News
Lufthansa applies for short-time work for 31,000 employees
Lufthansa has applied for short-time work for around 31,000 crew and ground staff at its core brand until the end of August, a spokesman said on Friday, as Germany’s flagship carrier has slashed flights due to the coronavirus outbreak.
Business News
Take Five: Quarter-life crisis
Few will regret the end of the first 2020 quarter. Fears of a U.S.-Iran war gave way to the coronavirus pandemic which JPMorgan reckons will have pushed the world economy into a 12% contraction over January to March. The quarter saw the most brutal global equity collapse since the Great Depression, exacerbated by a 60% oil price slump.
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U.S. not bailing out airlines, Boeing not using federal money – Treasury Secretary
U.S. Treasury Secretary Steve Mnuchin said on Friday that the coronavirus economic stimulus bill before Congress is not an airline bailout and that taxpayers will be compensated for relief given to companies hobbled by the global pandemic. At the same time, Mnuchin said in an interview with Fox Business Network that plane-maker Boeing Co has not requested government help. “I’ve been very clear this is not an airline bailout,” Mnuchin said. …read more […]
Business News
Toyota to make face masks in U.S. to aid coronavirus battle
Toyota Motor Corp’s North American unit said on Friday it would produce face shields, ventilators and respirators, as the death toll from the coronavirus exceeds 1,200 in the United States.
Business News
Bank of America capital levels allow operational focus during crisis: CEO
Bank of America Corp is better positioned to focus on operations rather than financial risk during the coronavirus outbreak, thanks to regulatory safeguards put in place after the financial crisis in 2008, Chief Executive Brian Moynihan said on Friday.
Business News
Trump blasts GM, Ford over ventilators; could order action
U.S. President Donald Trump blasted General Motors Co and Ford Motor Co on Friday, calling on the two U.S. automakers to quickly build badly needed ventilators for COVID-19 patients and suggesting he might invoke the Defense Production Act to force the companies to move faster.
Trading Ideas
Here's Why We're Watching Corsurex Resource's (CSE:CRC) Cash Burn Situation
Just because a business does not make any money, does not mean that the stock will go down. For example, although… …read more […]
Business News
Saudi Arabia says no talks on new oil deal as Moscow suggests larger OPEC+
Saudi Arabia said on Friday it was not in talks with Russia to balance oil markets despite rising pressure from Washington to stop a price rout amid the coronavirus pandemic and an attempt by Moscow to fix a rift with the de facto OPEC leader.
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‘Rocks Don’t Go Bankrupt:’ Experts Say Shale Will Rise Again
(Bloomberg) — The American shale industry shocked the world with its rebound after the 2014-2016 bust, setting records for output that pushed the U.S. to the top spot among oil-producing countries. A handful of experts is saying that will happen again.The comeback trail would be steep and long. The spread of coronavirus is crushing demand while Saudi Arabia and Russia are creating a glut. Everybody agrees U.S. production will take a bigger hit than last time, when it dipped before soaring. As many as 70% of the 6,000 shale drillers may go bankrupt, and one-third of shale-patch workers are expected …read more […]
Business News
Equinor to quit U.S. lobby group over climate policy
Equinor will leave industry the Independent Petroleum Association of America (IPAA) lobby group over a disagreement on climate policy, the energy producer said on Friday.