March 2020 – Page 65

How to Think About Money… and the Coronavirus

March 23, 2020 admin Comments Off

Recent cancellations, closures and orders to shelter in place may seem extreme, but they’re necessary to protect our health and wealth.
Today, Alexander Green explains why compounding – a key factor for investors – is so dangerous when it comes to a disease like COVID-19.

If you invested a penny and it doubled in value every day for 30 days, how much would you have?
Please don’t just keep reading.
Even if you have no idea what the amount might be, go ahead and make a quick estimate. Then jot it down.
I’ll reveal the answer to you shortly. It may surprise you.
But first let …read more […]

Crude extends fall as U.S. gasoline slumps 20% amid demand fears

March 23, 2020 admin Comments Off

Oil prices extended their decline on Monday, with record low U.S. gasoline prices leading the energy complex lower, as the coronavirus pandemic crushes demand worldwide after travel and industrial activity contracted across the globe in a bid to stem the spread of the virus.

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Why PepsiCo is hiring 6,000 full-time US workers during the coronavirus pandemic

March 23, 2020 admin Comments Off

Yahoo Finance chats with the CEO of PepsiCo North American Foods Steven Williams on how the food and beverage giant is navigating the coronavirus. …read more […]

U.S. trade regulators approve tariff exemption for Apple Watches

March 23, 2020 admin Comments Off

U.S. trade regulators have approved Apple Inc’s request to waive tariffs on China-made Apple Watches, the Office of the United States Trade Representative said in a letter dated Friday.

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IMF sees pandemic causing global recession in 2020; recovery in 2021

March 23, 2020 admin Comments Off

The coronavirus pandemic will cause a global recession in 2020 that could be worse than that seen during the global financial crisis of 2008-2009, but the world’s economic output should recover in 2021, the International Monetary Fund said Monday.

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Historic Fed boost fails to stem Wall Street’s virus driven selloff

March 23, 2020 admin Comments Off

Wall Street’s slide deepened further on Monday as the rapidly spreading coronavirus forced more U.S. states into lockdown, overshadowing unprecedented moves by the U.S. Federal Reserve to shore up credit across the economy.

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Market panic lingers despite unprecedented Fed support

March 23, 2020 admin Comments Off

Unprecedented support from the U.S. Federal Reserve failed to lift global stock markets on Monday as investors continued to fret over the economic and human toll of the coronavirus pandemic.

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Marriott CEO Wonders Whether Aggressive Cost-Cutting Will Hurt Recovery

March 23, 2020 admin Comments Off

It’s the gut-wrenching question that countless businesses both inside and outside of the travel industry are grappling with — how many employees do you furlough or lay off, and how deep should the cost-cutting incision be? Trim too little and the company might have to do it again? Lop off too much spending and then […] …read more […]

Boeing to halt Washington state production temporarily due to coronavirus risks

March 23, 2020 admin Comments Off

Boeing Co said on Monday it will halt production temporarily at its Washington state twin-aisle jetliner factory due to risks from coronavirus, confirming an earlier Reuters report. Following a similar move by European rival Airbus SE , Boeing said a temporary operations shutdown at its facilities across Seattle’s Puget Sound region will last 14 days beginning March 25. The fast-spreading coronavirus has disrupted life across the United States, hammering the economy and virtually wiping out air travel demand. …read more […]