Articles by admin

(Bloomberg) — A group of sixteen banks will have to provide $23 billion of loans to T-Mobile US Inc. in order to allow the mobile carrier to close its planned acquisition of Sprint Corp., after the Covid-19 outbreak disrupted plans to sell the debt to third-party investors.The banks were formally notified Monday that they will need to make the funds available on April 1, so that the two companies can finalize their long-awaited merger, according to people familiar with the matter, who asked not to be identified because the conversations are private.The banks will have to come up with the …read more […]

American Airlines Holdings Inc intends to apply for up to $12 billion in government aid, ensuring no involuntary layoffs or pay cuts in the next six months, executives said in a memo to employees on Monday. American is eligible for about $6 billion in payroll grants and $6 billion in loans under a stimulus package meant to help airlines and other businesses weather a downturn from the coronavirus. Between the government funds and its own cash position, American will be able to fly “through even the worst of potential future scenarios,” Chief Executive Doug Parker and President …read more […]

Stock futures were roughly flat Monday evening after a regular-session rally sent the Dow higher by 690 points, or 3.2%. …read more […]

As grocery outlets and retailers across the country ramp up employment to keep up with demand during the coronavirus outbreak, they’re also facing growing backlash from workers who say their lives are being put at risk. …read more […]

(Bloomberg) — Two of the biggest drillers in America’s largest oil-producing state have asked Texas regulators to consider a cut to crude output after a historic price crash.Pioneer Natural Resources Co. and Parsley Energy Inc. asked the three-member Texas Railroad Commission on Monday to call an emergency virtual meeting no later than April 13 and issue an order setting the “reasonable market demand for oil from Texas” for May, according a five-page letter shared with Bloomberg News. Ryan Sitton, one of the commissioners, said earlier on Monday that the regulating body would discuss curbing oil output at its next meeting.“We …read more […]

At present, it seems everything is moving at an accelerated speed. Whether concerning the daily escalation of coronavirus cases, the programs being put into place to combat the economic effect, or the global race to find a vaccine/treatment to halt the pandemic.If you’re a watcher of the comings and goings on Wall Street, then you can add the speed at which companies are currently reevaluated to the list, too. Which brings us to Roku (ROKU).The present situation has caused a rethink at investment firm Wedbush on its model for the streaming player. The updated outlook is a subtle one, but …read more […]

The official count of the number of people with coronavirus, or COVID-19, is likely to grossly underestimate the actual stats, according to a public health expert. …read more […]

I have a theory on why people are hoarding toilet paper…
They’re going to be eating their own cooking.
This trend poses both opportunities and pitfalls for investors.
Even though it seems too hard to swallow, the average American spends more than $3,000 each year dining out.
They typically eat away from home 4.9 times a week.
And for the past few decades – despite the vast array of cooking channels and programs – away-from-home spending has dramatically widened its gap over at-home spending.

But now, this rush of dollars has come to a screeching halt… all thanks to COVID-19.
That’s bad news for local restaurants, …read more […]