Two senior U.S. House Democrats on Friday asked the U.S. Treasury and Federal Reserve to direct at least $5 billion in loans to struggling intercity bus companies because of the coronavirus pandemic.
U.S. investment banks are shrinking lending activity in Europe as the coronavirus crisis forces them to retreat home, allowing BNP Paribas and other European lenders to fill the funding gaps and grab market share, seven sources told Reuters.
The U.S. death toll and COVID-19 cases climbed, as arguments flared over coronavirus treatments and the path to restarting the economy. …read more […]
The French government is planning aid packages for Air France KLM and Renault , TV station TF1 reported on Friday.
With the U.S. coronavirus death toll topping 50,000, Georgia, Oklahoma and a handful of other states took the first tentative steps at reopening for business on Friday, despite the disapproval of President Donald Trump and health experts.
Spain’s High Court ordered Ryanair on Friday to reinstate 224 workers collectively dismissed from four bases in the country, saying the reasons given by the airline for seeking to close the bases did not justify such a move.
(Bloomberg) — A plan being weighed by Treasury Secretary Steven Mnuchin to steer financial aid to beleaguered oil drillers could set up a clash with Democrats who have warned against any bailout for the industry.Mnuchin said he is considering a lending program for the companies that are seeking aid as they cope with a devastating plunge in prices.“One of the components we’re looking at is providing a lending facility for the industry,” Mnuchin told Bloomberg News on Thursday. “We’re looking at a lot of different options and we have not made any conclusions.”Taking a stake in oil companies was one …read more […]
A key U.S. government trial of Gilead Sciences Inc’s experimental coronavirus treatment may yield results as early as mid-May, according to the study’s lead investigator, after doctors clamored to enroll their patients in the study.
The Trump administration is considering taking stakes in U.S. energy companies as one possible option as it seeks to help the nation’s oil and gas sector amid the coronavirus outbreak, U.S. Treasury Secretary Steven Mnuchin said on Friday.
Preliminary findings from the randomized trial of the antiviral drug remdesivir, begun in February by the National Institute of Allergy and Infectious Diseases (NIAID), could come even sooner, lead researcher Dr. Andre Kalil told Reuters in an interview. Remdesivir has drawn tremendous attention as a therapy with the potential to alter the course of the disease, based on anecdotal reports that it may have helped some patients. …read more […]
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 […]
The firm behind Madame Tussauds and Legoland parks is looking to raise 500 million euros ($540 million) in a bond sale, offering a high interest rate to try to secure funds to tide it over while most of its venues are closed in the coronavirus pandemic.
Many people fail to make money in the stock market because they don’t understand how the market works.
But, as Alexander Green explains today, the free market system is not solely a source of wealth – it’s what’s going to save us from the coronavirus.
Editor’s Note: Concerned about making the right choices in today’s volatile markets? Well, Alexander Green is sharing one of his favorite buy signals and debunking a common misconception in this week’s video update.
And if you’re interested in learning more, be sure to watch Alex’s special presentation with Bill O’ Reilly! They recently sat down to discuss The …read more […]
The Dow Jones headed lower on Friday, led by Boeing and Intel, with investors staying cautious about an economic recovery as some states prepared to relax the coronavirus-induced lockdowns.
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