Month: March 2020

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Trading Ideas

California Governor Says Elon Musk Delivered 1,000 Ventilators

March 24, 2020 admin Comments Off on California Governor Says Elon Musk Delivered 1,000 Ventilators

(Bloomberg) — Elon Musk, the billionaire chief executive officer of Tesla Inc. and SpaceX, delivered 1,000 ventilators to officials in Los Angeles to meet demand as the coronavirus pandemic becomes more severe, California Governor Gavin Newsom said.“Elon Musk: how about this? I told you a few days ago he was likely to have 1,000 ventilators this week,” Newsom told reporters in a briefing Monday. “They arrived in Los Angeles and Elon Musk is already working with the hospital association and others to get those ventilators out in real time. It’s an heroic effort.”Newsom also said six California companies have offered …read more […]

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China’s Cases Rise; Trump Wants U.S. Reopened: Virus Update

March 24, 2020 admin Comments Off on China’s Cases Rise; Trump Wants U.S. Reopened: Virus Update

(Bloomberg) — The U.K. became the latest nation to put its citizens under lockdown, while President Donald Trump said the U.S. economy can’t remain slowed for too long, declaring the country “was not built to be shut down.”China’s imported infections nearly doubled, and Singapore reported its largest daily increase in cases. Deaths in Italy, the epicenter of the outbreak in Europe, slowed for a second day. Chancellor Angela Merkel’s first coronavirus test came back negative.The Federal Reserve announced a second wave of initiatives after Democrats blocked the Senate from advancing a rescue plan. An International Olympic Committee member said a …read more […]

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Asia stocks rally, Fed launches limitless QE against economic reality

March 24, 2020 admin Comments Off on Asia stocks rally, Fed launches limitless QE against economic reality

Asian stocks rallied on Tuesday as the U.S. Federal Reserve’s sweeping pledge to spend whatever it took to stabilize the financial system eased debt market pressures, even if it could not offset the immediate economic hit of the coronavirus. While Wall Street seemed unimpressed, investors in Asia were encouraged enough to lift E-Mini futures for the S&P 500 by 1.9% and Japan’s Nikkei by 4.9%. MSCI’s broadest index of Asia-Pacific shares outside Japan added 1.2%, though that followed a drop of almost 6% on Monday. …read more […]

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Business News

Tipping goes virtual as coronavirus decimates U.S. restaurant jobs

March 24, 2020 admin Comments Off on Tipping goes virtual as coronavirus decimates U.S. restaurant jobs

As restaurants and bars across the United States shut their doors and lay off their staff in the wake of the coronavirus outbreak, America’s famed service culture is moving online – with regulars paying their out-of-work waiters, favorite bar staff, and even total strangers via virtual tip jars.

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