A new poll shows Americans have a pessimistic view of the airline industry in lieu of the COVID-19 pandemic …read more […]
As the coronavirus pandemic pushes India into a lockdown, the call centres and IT services firms that function as the world’s back office are struggling to piece together work-from-home solutions and other business-continuity plans.
Billionaire investor William Ackman, who hedged his portfolio weeks ago to guard against coronavirus-inspired panic selling, told investors that his private hedge fund is making money this year, an investor said on Wednesday.
Yesterday was the Dow’s best gain since 1993.
The blue chips rallied 11.37% yesterday – representing the fifth biggest percentage gain in its entire history.
And today the rally continued.
So the obvious question you’re asking…
Is this the bottom?
Or more pointedly, is it time to buy, buy, buy?
Well, sorry to throw cold water in your face, but here’s the truth…
If you look at the top four Dow gains of all time, you’ll notice that all of them came during the Dow plunge of 1929 to 1932, which is the time frame that carried us into the Great Depression.
The next two biggest single-day gains …read more […]
Johnson & Johnson Chief Scientific Officer Dr. Paul Stoffels predicts the most vulnerable will begin to receive vaccines within 12 months to prevent COVID-19. …read more […]
The outbreak and attempted containment of COVID-19 has upended the global economy as people hunker down in their homes and wait it out.
The disruption to business is unlike anything we’ve experienced before. As a result, many companies will cut their dividends, as they simply won’t have much or even any revenue in the coming weeks.
For some companies, it will be very difficult to assess whether they will be able to afford their dividends in the near future. Management teams are still figuring out what the landscape will look like for their businesses.
In many cases, they need to conserve cash. In …read more […]
Airbnb Inc on Wednesday held a phone meeting with bankers to discuss extending an existing $1 billion debt facility as the home rental start-up grapples with a slowdown from the coronavirus outbreak, according to a source who participated in the meeting.
AMC Entertainment Holdings Inc , the world’s largest theater operator, has placed its chief executive and all of its corporate employees on furlough to preserve cash during the coronavirus outbreak, a company spokesman said on Wednesday.
Stock futures were little changed Wednesday evening as investors waited for Congress to move forward with a massive stimulus package to ease economic fallout from the coronavirus outbreak. …read more […]
President Donald Trump wants America to get back to business by Easter, suggesting some efforts to slow the spread of coronavirus outbreak will no longer be needed by then, but Corporate America is taking its lead from health professionals.
The U.S. coronavirus stimulus bill would add $14 billion to the Agriculture Department’s Commodity Credit Corp spending authority, and authorize another $9.5 billion for U.S. farmers hurt by the fast-spreading pandemic, according to a copy of the bill’s text.
The $2 trillion economic rescue package before the U.S. Senate on Wednesday would send the federal government to the auto industry’s rescue for the second time in a dozen years.
Tesla Inc will reopen its New York factory “as soon as humanly possible” to manufacture ventilators for coronavirus patients, Chief Executive Officer Elon Musk said on Twitter on Wednesday.
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