European airlines bore the brunt of a dramatic expansion of the coronavirus crisis on Thursday, as U.S. travel curbs on much of the continent deepened the sector’s misery and piled more pressure on governments to offer emergency support.
LATAM Airlines Group and Brazil carrier Azul SA said on Thursday they will cut capacity on international flights by up to 30% as demand has collapsed due to the global coronavirus outbreak.
The number of Americans filing for unemployment benefit unexpectedly fell last week, but could rise in the coming weeks as the coronavirus pandemic causes companies to layoff workers amid supply chain disruptions and waning demand for some goods and services.
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 […]
It’s (almost) official, folks: We have (kind of) a bear market!With the Dow Jones Industrial Average falling as much as 20% below its highest closing price of last month, the venerable index of American blue chips finally dipped into bear market territory on Wednesday, the same day that — not coincidentally — the World Health Organization declared COVID-19 a global “pandemic.”Technically, of course, some might argue that for a real bear market, the Dow needs to move 20% below its last best high, and stay there till the closing bell. The fact that the index recovered slightly to close …read more […]
JPMorgan Chase & Co is planning to ask New York-area employees to work from home to stem the spread of the coronavirus, Bloomberg news reported https://www.bloomberg.com/news/articles/2020-03-12/jpmorgan-tells-new-york-employees-to-work-from-home-due-to-virus on Thursday.
Warren Buffett continues to collect a dividend on his Occidental Petroleum investment — even after the company slashed its payout to common shareholders. …read more […]
The number of Americans filing for unemployment benefit unexpectedly fell last week, but could rise in the coming weeks as the coronavirus pandemic causes companies to layoff workers amid supply chain disruptions and waning demand for some goods and services.
U.S. lawmakers plan to unveil a bill on Thursday that could be used to block Huawei Technologies Ltd from accessing U.S. banks for certain transactions, in a bid to thwart the Chinese telecoms giant amid frustration over the failure of prior sanctions to curb its business.
A group of investors in GameStop Corp has asked the video game retailer to appoint a shareholder nominee on the company’s board.
Coronavirus fears have hit stocks hard, sending the Dow into a bear market. Experts weigh in on how investors can protect themselves. …read more […]
Even if Italy’s draconian measures to stop the spread of coronavirus prove successful, they will leave an economy in tatters, with small and medium-sized businesses the hardest hit.
Oil prices fell on Thursday following surprise travel restrictions imposed by U.S. President Donald Trump in an attempt to halt the spread of coronavirus after the World Health Organization described the outbreak as a pandemic.
The price of bitcoin has fallen sharply by over 20% this morning. The world’s largest cryptocurrency is now trading at around $6,200 levels, according to data from TradingView. This represents a new low since May 8, 2019.The post Bitcoin plunges to near $6,000 levels, hits new low since May 2019 appeared first on The Block. …read more […]
Clean Energy Fuels Corp. (NASDAQ:CLNE) missed earnings with its latest full-year results, disappointing… …read more […]
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