Private equity firm Blackstone Group Inc is asking companies it controls to draw down their credit lines to avoid liquidity crunch, a Bloomberg reporter tweeted on Wednesday, citing people familiar with the matter.
U.S. passenger railroad Amtrak said on Wednesday that bookings had plunged 50% since the coronavirus outbreak and that it now expected significant service reductions and losses of hundreds of millions of dollars.
After New York confirmed its first case of coronavirus, shoppers flooded into a local Costco to stock up on supplies. …read more […]
It’s tough when the market drops, but for people saving for retirement — or people who are close to it — there are some things to consider. …read more […]
For better or for worse (but mostly for better), COVID-19 has taken Novavax (NVAX) on a very wild ride.Since the first report of an infection with COrona VIrus Disease 2019 in Wuhan, China on December 31, 2019, shares of vaccine specialist Novavax literally quadrupled in the space of two months, topping out at $16 a share on February 28, before giving back some of its gains in March. In a note issued yesterday, Oppenheimer analyst Kevin DeGeeter reiterated his “outperform” call on Novavax stock, stating a price target of $13 a share on the $10 stock. DeGeeter explained his continued …read more […]
(Bloomberg) — The World Health Organization declared the coronavirus outbreak a pandemic, saying cases outside China have risen 13-fold. Local and state officials across the U.S. took several steps to discourage or ban large gatherings.The federal government’s top infectious-disease specialist told U.S. lawmakers the pathogen is 10 times more deadly than the seasonal flu. U.K. cases jumped 22% to 456, while Italy, the center of the outbreak in Europe, saw a 31% increase in fatalities, to 827.Key Developments:Confirmed cases top 120,000 globally; 4,378 deadGermany’s Merkel says 60%-70% of population potentially at riskAirbnb refuses guest refundsVirus at Bear Stearns moment and …read more […]
Activist investor Starboard Value LP has nominated a minority slate of directors to eBay Inc’s board, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
The U.S. government recorded a $235 billion budget deficit in February, the Treasury Department said on Wednesday.
California and other states which had fought a merger of Sprint Corp and T-Mobile US Inc over concerns about higher prices for consumers and less innovation have agreed to end their opposition.
Delta Air Lines Inc said on Wednesday it was extending the suspension of all flights between the United States and China from April 30 to May 31 due to the coronavirus outbreak.
Online marketplaces have been around for a long time. Amazon and eBay headlined the first generation. Those companies began in the mid-1990s. They offered thousands of products in hundreds of markets and turned into digital behemoths.
The second generation began at the turn of the century. StubHub appeared in 2000. LinkedIn started in 2002. Zillow in 2004. YouTube in 2005. These companies were more specialized.
Today, Airbnb, DoorDash, Instacart and Postmates are the top-ranked startup/private marketplace companies according to venture capital firm a16z and data analytics firm Second Measure. Second Measure, which analyzes billions of purchases to track real-time consumer behavior, ranked …read more […]
One of my favorite quotes comes from internationally renowned author and management consultant Oren Harari: “The electric light did not come from the continuous improvement of candles.”
Harari’s quote has some parallels with the evolution of internal combustion engine (ICE) cars to electric vehicles.
EVs don’t just use battery power instead of gas. The way their engines operate is completely different.
And the manufacturers creating these next-generation vehicles are revolutionizing the semitruck market.
Dirty, Money-Sucking Engines
ICE vehicles physically ignite fuel to create repeated explosions. The explosions force pistons to turn a crankshaft. Power is then routed through a mechanical transmission that moves the vehicle.
The …read more […]
One of my favorite quotes comes from internationally renowned author and management consultant Oren Harari: “The electric light did not come from the continuous improvement of candles.”
Harari’s quote has some parallels with the evolution of internal combustion engine (ICE) cars to electric vehicles.
EVs don’t just use battery power instead of gas. The way their engines operate is completely different.
And the manufacturers creating these next-generation vehicles are revolutionizing the semitruck market.
Dirty, Money-Sucking Engines
ICE vehicles physically ignite fuel to create repeated explosions. The explosions force pistons to turn a crankshaft. Power is then routed through a mechanical transmission that moves the vehicle.
The …read more […]
Employees at the largest U.S. oil companies have lost around $5 billion in retirement savings since the end of 2018 because of outsized bets on their own slumping stock, according to a Reuters analysis of company disclosures, a trend exacerbated by the recent crash in oil prices.
Employees at the largest U.S. oil companies have lost around $5 billion in retirement savings since the end of 2018 because of outsized bets on their own slumping stock, according to a Reuters analysis of company disclosures, a trend exacerbated by the recent crash in oil prices. The losses spread across the 401(k) plans of some 66,000 workers underscore the dangers facing employees that do not diversify their retirement investments. The issue is most pronounced at big blue-chip corporations that have historically matched worker retirement contributions in shares and whose stocks have track records of stable growth. …read more […]
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