Asian share markets managed a tentative rally on Tuesday after European and U.S. equities stabilized, though buying for month and quarter-end book balancing likely flattered the gains.
Samsung Electronics Co Ltd said on Tuesday that one of its chip factory workers in South Korea had tested positive for coronavirus, but its output has not been affected.
A bipartisan group of 19 U.S. senators urged the Trump administration to push back the planned June 1 start date for the new U.S.-Mexico-Canada trade pact, saying the short lead time would add to pressures on U.S. companies due to the spread of the coronavirus.
China suddenly shut down approximately 600-700 cinemas (again) despite its original plan to gradually reopen as a result of the slowdown. …read more […]
The coronavirus crisis could become a protracted pandemic if lock-downs are terminated prematurely or prove less than fully effective. …read more […]
Major global airlines projected layoffs, furloughs and capacity cuts over the next few months, with Air New Zealand on Tuesday warning it expected staffing levels to be 30% lower than it is now, due to the coronavirus pandemic.
(Bloomberg Opinion) — The U.S. is finally starting to take a sensible and proactive approach toward the Covid-19 pandemic. After a disastrous initial failure, coronavirus testing has now risen to levels similar to or higher than South Korea. Meanwhile, although he almost succumbed to the temptation to reopen the economy before shutdowns had time to quell the epidemic, President Donald Trump has wisely decided to recommend that social distancing continue through the end of April. And Congress, showing rare unanimity and boldness, passed a huge relief package that will sustain most households and many businesses throughout the next couple of …read more […]
It has been a rollercoaster month for investors of beleaguered airline Boeing (BA). To recap: the stock dropped during the first three weeks of March all the way down to $95 per share, an amazing loss of 66%. However, last week’s relief rally saw the share price reclaiming 70% of its value. Will the volatility continue? Possibly, as there are currently a wide variable of unknowns concerning the A&D giant’s future.Nevertheless, Credit Suisse’s Robert Spingarn slashed his price target on Boeing shares to $187 (from $367), which still implies about 23% upside from current levels. Despite the profit potential, the …read more […]
Lost in the 24/7 coronavirus coverage is the odd, strange and completely uncertain takeover story that’s now playing out between two of the most extreme luxury retailers in the world.
I’m going to detail the entire situation for you below, which could lead to an extremely lucrative moneymaking opportunity in the very near future.
I find this story so incredibly interesting because you don’t typically see a situation in which the highest of the high-end retailers find themselves squabbling about price.
That’s for the price-conscious shoppers at Walmart and Target, right?
In this case… wrong.
In fact, as you’ll see below, two retailers squabbling about …read more […]
Funding strains in the municipal debt market are forcing states and cities into balancing layoffs against providing essential services to Americans that were laid off themselves. …read more […]
The Federal Aviation Administration is rejiggering staffing at air traffic control centers to respond to the dramatic falloff in flights and to reduce the impact of coronavirus cases.
Some of the roughly 200,000 workers at U.S. online grocery delivery company Instacart said they were striking on Monday as labor unrest grows globally over safety and wages for people working through the coronavirus crisis.
Low-cost U.S. carrier Spirit Airlines Inc said on Monday it will cancel all flights to and from New York, Connecticut and New Jersey after U.S. officials warned against travel to the area because of the COVID-19 pandemic.
Editor’s Note: Please join my colleagues and Tori Barnes from the U.S. Travel Association online at noon on April 1 for a live discussion of these issues and themes. We’ll present details from multiple industry sectors as well as explain what we know as of now. You can register here. I hope to (virtually) see […] …read more […]
Our world has been rocked…
Our social lives, work lives and financial lives have all been affected.
The markets went careening over a cliff and then bounced hard last week.
My professional world – the world of dividends – has been especially shaken.
The government’s $2 trillion stimulus package specifies that any company that receives aid cannot pay shareholders dividends until the loans are paid back.
With or without federal aid, some companies may not be able to afford dividends as their revenue and cash flow dry up. Boyd Gaming Corp. (NYSE: BYD) suspended its dividend, as its casinos have been closed to help combat …read more […]
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