Many major retailers say they can’t pay rent for the month of April — and they are asking their landlords for deferrals. …read more […]
On your mark, get set, go! The race is on to find an effective vaccine against COVID-19, the novel coronavirus that has spread to 471,000 people around the world and claimed more than 21,000 lives. According to the Coalition for Epidemic Preparedness Innovations (CEPI) chief executive Dr. Richard Hatchett, the current pandemic rivals the deadly 1918 Spanish flu, and thus finding a defense against the virus is of utmost importance. “There is a real sense of urgency…because the threat we are facing is unprecedented in the last 100 years in terms of its speed and potential severity,” he commented. …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 […]
HSBC has said it is delaying the “vast majority” of its planned redundancies to deal with the fallout from the coronavirus pandemic, a memo sent to staff seen by Reuters said.
MFA stock is up over 200% after deciding to cancel dividend payouts. MFA Financial (NYSE:MFA) made the announcement on March 25th due to the coronavirus outbreak and the uncertainty in the stock market.
This decision was made to give MFA time to assess how the stock market drop will affect their business overall. Since the press release, the company’s stock is surging in the right direction.
MFA Financial is a real estate investment trust that primarily invests in residential mortgage assets. This includes residential mortgage-backed securities and whole loans.
How Has the Announcement Affected MFA Stock?
Before the announcement on March 25th, MFA Financial …read more […]
Ford Motor Co said on Thursday it planned to restart production at some plants in North America as early as April 6, bringing back its most profitable vehicles at a time when U.S. demand has slumped and the No. 2 U.S. automaker is conserving cash to survive the coronavirus pandemic.
Tom Essaye, The Sevens Report Founder, joins Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Jared Blikre to discuss the latest market action. …read more […]
Axon Enterprise, Inc. (NASDAQ:AAXN), which is in the aerospace & defense business, and is based in United States, saw… …read more […]
Wall Street jumped at the open on Thursday, building on a two-day rally, as investors bet on more stimulus measures after the U.S. jobless claims surged past 3 million last week, underscoring the economic impact of the coronavirus pandemic.
The number of Americans filing claims for unemployment benefits shot to record of more than 3 million last week as strict measures to contain the coronavirus pandemic ground the country to a sudden halt, unleashing a wave of layoffs that likely brought an end to the longest employment boom in U.S. history.[]
The number of Americans filing claims for unemployment benefits surged to a record of more than 3 million last week as strict measures to contain the coronavirus pandemic ground the country to a sudden halt, unleashing a wave of layoffs that likely brought an end to the longest employment boom in U.S. history.
(Bloomberg) — Boeing Co. and its suppliers moved one step closer to a federal rescue that would provide at least $60 billion to help ride out the coronavirus pandemic, people familiar with the planemaker’s thinking said.The aerospace industry including Boeing would be eligible to tap a slice of the roughly $500 billion to be distributed by Treasury Secretary Steven Mnuchin under a $2 trillion economic stimulus package passed by the Senate late Wednesday. Boeing could also claim part of $17 billion in loans for companies deemed critical for national security.Boeing executives combed through the legislation before passage while evaluating proposals …read more […]
The company said it may suspend operations at more facilities, adding that it continues to run the majority of its U.S. domestic operations and plans to continue operations in other parts of the world . Caterpillar said it was executing business continuity plans and warned of likely supply constraints, and that it could use alternative sources to redirect orders to other distribution centers. Caterpillar in January said it expected adjusted profit in 2020 in the range of $8.50 to $10 per share on the back of a further decline in equipment sales. …read more […]
Ford Motor Co said on Thursday it planned to restart production at some plants in North America as early as April 6, bringing back its most profitable vehicles at a time when U.S. demand has slumped and the No. 2 U.S. automaker is conserving cash to survive the coronavirus pandemic.
Norway’s sovereign wealth fund, the world’s largest, named a London-based hedge fund manager as its new chief executive on Thursday and said it had lost $124 billion this year as stock markets tanked due to the coronavirus pandemic.
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