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 […]
U.S. clothing rental firm Rent the Runway said on Saturday it had laid off retail employees following temporary store closures amid the ongoing coronavirus outbreak.
Vice President Mike Pence, heading the Trump administration’s response to the coronavirus outbreak, said on Saturday that he would deliver a recommendation to the president on whether to re-open the U.S. economy in the coming week.
Airbnb hosts will provide free rooms for workers in Britain’s National Health Service (NHS) to support their work during the coronavirus outbreak, the company said on Sunday.
Will the new coronavirus cause a recession in US in the next 6 months? On February 27th, we put the probability at 75% and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to […] …read more […]
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 […]
Britain’s big telecoms providers have agreed to remove all data caps on fixed-line broadband services that have become a lifeline for people isolated at home during the coronavirus crisis, the government said on Sunday.
(Bloomberg) — Like millions of people around the world, Zhang Chunzi borrowed money she thought she’d be able to repay before the coronavirus changed everything.Now laid off from her job at an apparel exporter in Hangzhou — one of China’s most prosperous cities — the 23-year-old is missing payments on 12,000 yuan ($1,700) of debt from her credit card and an online lending platform operated by Jack Ma’s Ant Financial. “I’m late on all the bills and there’s no way I can pay my debt in full,” Zhang said.Her story is playing out in similar ways across China, where the …read more […]
As the challenges continue to mount for the oil industry, plummeting gasoline demand is wreaking havoc on refining margins …read more […]
(Bloomberg) — China’s trillion dollar asset-management market opens wider this week, forcing BlackRock Inc., Vanguard Group Inc. and other global firms to make a strategic decision: Go it alone or work with an entrenched local partner.While the further liberalization of the investment banking and money management industries in China has been overshadowed by the coronavirus crisis, wealth firms are nonetheless laying out plans to tap a market poised to reach $30 trillion in assets by 2023, according to consultant Oliver Wyman.Starting April 1, they can apply for licenses to set up wholly-owned mutual fund management firms for the first time. …read more […]
William Ackman’s Pershing Square Capital Management no longer has hedges on its stock portfolio, but still has some cash to invest if equities decline further as the United States battles the coronavirus outbreak, the billionaire investor said on Saturday.
As the coronavirus (COVID-19) pandemic continues to spread, more and more states in the U.S. decide to declare cannabis an “essential” good, just like basic groceries and traditional pharmaceutical medications. Interestingly, a majority of Americans seem to agree with these decisions.> Most Americans (53%) believe medical marijuana dispensaries should be considered essential services.> > Democrats (62%) are more likely than Independents (52%) and Republicans (43%) to say this.> > Subscribe to YouGov Daily for more daily top-line data: https://t.co/9Q2fWMVkxo pic.twitter.com/rsWLKuPMQn> > — YouGovUS (@YouGovUS) March 25, 2020But, while states are being pretty weed-friendly, the federal government maintains its anti-pot stance, …read more […]
* Benzinga has examined the prospects for many investor favorite stocks over the past week. * Bullish calls included a beleaguered aerospace giant, video streaming leader and a top retailer. * Bearish calls included a big bank and a leading electric vehicle maker.Despite a rough close on Friday, we saw a bear market rally last week, with the Dow Jones industrials ending more than 16% higher, the Nasdaq up over 9% and S&P 500 in between. Agreement on an economic stimulus package prompted the optimism, but the COVID-19 pandemic continued to dominate the headlines and among other …read more […]
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