Wells Fargo & Co has revived its special group for bad energy loans in recent weeks as the bank braces for more pain from the sharp downturn in oil prices, people familiar with the matter told Reuters.
Ford Motor Co on Thursday outlined the safety measures it will institute to restart its most profitable U.S. plants amid the coronavirus pandemic, expanding on similar efforts by General Motors Co and Fiat Chrysler to convince leaders of the United Auto Workers union to send members back to work.
As the coronavirus pandemic engulfed the United States, Joe Shia, a consultant to Chinese medical companies, said he was bombarded with inquiries from American firms who saw a golden opportunity in selling tests to determine coronavirus immunity.
Passengers looking to lock in cheaper airfare late this year or early next on American Airlines — or any U.S. carrier — may want to consider the risks. Amid so much change, carriers are unlikely to fly what they’re selling. American executives made that clear Thursday on their first-quarter earnings call, telling analysts the carrier […] …read more […]
U.S. stocks fell on Thursday as grim economic data and mixed earnings prompted investors to take some profits at the close of Wall Street’s best month in decades.
One day after Tesla Inc posted its third quarterly profit in a row, hedge fund manager David Einhorn, one of the electric carmaker’s best-known critics, lobbed questions about the company’s financials at its two top executives. Taking to Twitter on Thursday, Einhorn asked Tesla chief executive officer Elon Musk and chief financial officer Zach Kirkhorn about Tesla’s accounts receivable, costs, idled factories and the impact of currency market movements on the company. “Can you or (Zack) explain,” Einhorn wrote, misspelling the CFO’s first name in the tweet. …read more […]
Boeing Co’s recently aborted $4.2 billion agreement to buy the commercial jet-making operations of Brazil’s Embraer specifically forbade either party from calling it off because of a pandemic or a global economic recession, Reuters has found.
(Bloomberg) — The Federal Reserve revamped its Main Street Lending Program in ways that will allow battered oil companies to qualify for the aid after industry allies lobbied the Trump administration.Larger, more heavily indebted companies can now qualify and use the money to pay off prior loans under the changes the central bank announced Thursday.The move opens the door to more oil and gas producers, said Senator Kevin Cramer, a Republican from North Dakota, who had pressed the administration on the issue as energy companies struggle to survive an epic collapse in fuel demand and crude prices.“With the decrease in …read more […]
First quarter GDP took a hit, and it’s likely second quarter GDP will as well.
But, as Alexander Green explains, the market is already looking ahead to the third and fourth quarters. Here’s what investors understand that the experts don’t.
Virtually everything that happens in the market these days – with stocks, bonds, currencies and commodities – is either directly or tangentially related to the coronavirus.
So to gain more confidence about what to do with your portfolio, you need to better understand the outlook in our war against this “invisible enemy.”
The prognosis is actually quite positive. Yet most people don’t see it.
I …read more […]
Ford Motor Co on Thursday outlined the safety measures it will institute to restart its most profitable U.S. plants amid the coronavirus pandemic, expanding on similar efforts by General Motors Co and Fiat Chrysler to convince leaders of the United Auto Workers union to send members back to work.
By keeping a key rate close to zero, the Fed is contributing to cheap mortgage rates. …read more […]
Wall Street’s main indexes fell on Thursday after a strong month of gains as millions of more Americans applied for jobless claims, taking the shine off a strong rally this month and eclipsing upbeat results from Facebook and Tesla.
NEXT SUPER STOCK conference presenter NexTech AR Solutions (OTC: NEXCF) (CSE: NTAR) exclusive interview with CEO Evan Gappleberg. Topics discussed include: – Acquisition of remote training & virtual training app Jolokia, growing […]
The Italian airport operators association, Assaeroporti, said on Thursday proposals to keep some seats empty on planes for social distancing would not be workable if only imposed by Italy and would make the domestic sector vulnerable to foreign rivals.
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