With auto showrooms shut during the coronavirus pandemic, Fiat Chrysler and General Motors Co moved to reboot demand with seven-year, no-interest loans and programs allowing customers to buy vehicles online.
(Bloomberg) — The Federal Reserve is trying to call time on a fire sale of Treasuries by foreign governments and central banks.Foreign official holders of Treasuries dumped more than $100 billion in the three weeks to March 25, on course for the biggest monthly drop on record, according to weekly Fed custody data that captures much of the pandemic-fueled turmoil. They joined others seeking to unload government debt globally to raise cash amid the volatility, according to traders and market makers familiar with the transactions. Countries reliant on oil exports and smaller Asian economies have been selling U.S. debt, and …read more […]
Just two months after taking office, President Donald Trump in March 2017 traveled to Michigan to announce that he would undo ambitious vehicle emissions standards mandated under his predecessor Barack Obama, portraying the reversal as a boost to the U.S. auto industry centered in the Midwestern state.
Multi-strategy hedge funds – those that bet on a broad array of markets using teams of traders, leverage and centralized risk management – have flourished as stocks ended their worst three months since the 2008 financial crisis.
EU industry chief Thierry Breton says he does not see any ulterior motive behind Huawei [HWT.UL] and other Chinese companies’ donations of face masks to the bloc and that solidarity is the best way to tackle the global coronavirus outbreak.
Volkswagen AG said on Wednesday it is extending a production halt at its Chattanooga, Tennessee, assembly plant until April 12 because of the coronavirus pandemic.
U.S. President Donald Trump has invited oil executives to the White House to discuss potential ways to help the industry hammered by slumping energy demand during the coronavirus outbreak and a price war between Saudi Arabia and Russia, three sources familiar with the matter said on Wednesday.
U.S. President Donald Trump has invited oil executives to the White House to discuss potential aid for the industry, which has been hammered by slumping energy demand during the coronavirus outbreak and a price war between Saudi Arabia and Russia, two sources familiar with the matter said on Wednesday.
The U.S. benchmark S&P 500 stock index fell more than 4% on Wednesday after a dire warning on the U.S. death toll from the coronavirus sent investors running from even the most defensive equities.
The White House promised millions of coronavirus tests that aren’t actually coming. …read more […]
One small startup is stepping up in the fight against COVID-19.
You may have never heard of 20/20 GeneSystems. But members of our First Stage Investor research service have. We recommended they invest in 20/20 back in 2017.
And now 20/20 is doing something we could not have predicted in 2017. This dynamic startup is gearing up to provide COVID-19 tests.
The company’s main business (and why we recommended you invest in it in the first place) is layering artificial intelligence over the top of blood tests to help detect cancer in its earliest stages.
An increasing number of people have used its tests …read more […]
The analysts covering BlackBerry Limited (TSE:BB) delivered a dose of negativity to shareholders today, by making a… …read more […]
Oil prices fell on Wednesday after U.S. crude inventories rose last week by the most since 2016, while gasoline demand suffered its biggest weekly drop ever due to the coronavirus pandemic.
(Bloomberg) — Oil company executives reeling from a massive drop in prices were set to meet with President Donald Trump Friday as the administration seeks ways to help the beleaguered industry.The meeting, which was confirmed by the American Petroleum Institute comes just as Saudi Arabia unleashes a record volume of crude into the already-glutted global oil market, escalating a price war with Russia. Trump, who once hailed the unprecedented plunge in oil prices as a “tax cut” for American consumers, has stepped up efforts in recent days to intervene as the rout threatens to wipe out tens of thousands of …read more […]
The key S&P 500 index was down more than 4% on Wednesday after a dire warning on the U.S. death toll from the coronavirus and heightened nerves over the upcoming earnings reporting season sent investors running from even the most defensive equities.
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