Articles by admin

(Bloomberg) — General Motors Co. is freezing work on new-vehicle programs and deferring pay for white-collar staff to conserve cash while many of the carmaker’s plants are shut down as a result of the coronavirus pandemic.In an internal memo described to Bloomberg News, the automaker said salaried staff will have 20% of pay deferred starting April 1 through the fourth quarter of this year or first quarter of 2021. The company’s senior management team will take pay cuts of as much as 10% and defer 20% of their cash compensation. GM also will put 6,500 employees, many of them engineers …read more […]

Stock futures opened higher Thursday evening, adding to gains after Wednesday’s session saw each of the S&P 500 and Dow climb more than 6%. …read more […]

With the U.S. government on the cusp of providing airlines with a bailout, travelers might wonder how flying may change, since the Treasury Department soon may take equity stakes in carriers in exchange for government assistance due to coronavirus. But travelers may be disappointed. Yes, the government could own pieces of airlines, and airlines will […] …read more […]

The oil price crash has seen multiple oil and gas producers have their bonds pushed into distressed territory, with the credit agencies downgrading them to junk ratings …read more […]

Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […] …read more […]

A Walmart executive says the retailer is selling more tops, but not bottoms, while so many Americans are using videoconferencing tools to work from home. …read more […]

(Bloomberg) — In the stock market lately, only one thing is constant: speed.After falling into a bear market at the fastest rate ever, the S&P 500 just recorded its quickest three-day advance in nine decades. As absurd as it may seem, the Dow’s already started a fresh bull market — up more than 20% from the lows — after more than $2 trillion in value was created in three days.Is it a bear-market bounce or something more sustainable? Nobody could possibly know for sure. While stocks had surely priced in a huge amount of pain, nothing compares with the coronavirus …read more […]

UnitedHealth Group Chief Scientific Officer Ken Ehlert joins Yahoo Finance’s Anjalee Khemlani and Seana Smith to discuss the new testing kit that will enable patients to test themselves for the virus at home. …read more […]

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously… …read more […]

Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […] …read more […]

Cronos is expected to report earnings next Monday …read more […]

We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […] …read more […]