Although not coined during the 2007-2008 financial crisis, the term “too big to fail” was used heavily at the time, as banks and multinational corporations were handed a lifeline in bailouts on account of their size. The term has been bandied about again recently, as Boeing (BA), one of the travel industry giants, is staring precipitously over the cliff’s edge.Boeing shares are down by nearly 70% year-to-date, as investor concerns about liquidity have sent the stock price under $100 for the first time since 2013.Along with the energy sector, travel has taken the heaviest punch since the coronavirus began decimating …read more
Source:: Yahoo Finance
