We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. We are almost done with the second quarter. Investors decided […]...
The airline industry is sitting in a financial hotseat as the economic slowdown caused by the coronavirus pandemic burns up cash, but for some carriers it feels like an inferno.Israeli-flag carrier El Al on Thursday said it has ceased scheduled passenger operations through the end of July and sent most employees home without pay amid a liquidity crisis, while Aeromexico received court approval to use existing resources to pay employees and vendors, and honor ticket purchases and existing agreements with business partners as it seeks to restructure under U.S. bankruptcy protection.The International Air Transport Association recently projected that the commercial airline industry would lose $84 billion this year, with revenues halved because of the significant decline in passenger travel.El Al had planned to resume passenger flights Wednesday after a three-month shutdown for health safety reasons, but a dispute with unionized pilots and other workers over concessions and pay forced the company...
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]...
Diane Swonk, Grant Thornton's Chief Economist, joined The Final Round to discuss the June jobs report and gave her outlook for the US economy amid reopenings. ...
EUR/USD Current Price: 1.1234 * US upbeat employment data gave high-yielding assets a temporal boost. * Record coronavirus cases in the US put at doubt a possible economic recovery. * EUR/USD neutral, trading within familiar levels for a third consecutive week.The EUR/USD pair hit a daily high of 1.1302, but gave up and settled near daily lows, in the 1.1230 price zone. Risk-appetite lead the way for most of the day, boosted early in the US session by an upbeat Nonfarm Payroll Report. According to official figures, the US added 4.8 million new jobs in June, while the unemployment rate contracted to 11.1%. The headline reading for May was upwardly revised to 2.7 million, adding to the good news. However, the US also reported a record 51,000 new coronavirus cases. New York delayed the re-opening of some indoor activity after California lockdown some areas on Wednesday. Also, Houston reported that ICU...
The coronavirus pandemic showed no signs of relenting on Thursday, with the U.S. marking a new record of over 50,000 cases in a day amid a surge of new cases in the Sun Belt....
Some investors believe that the Fed and other central banks have been the principal drivers financial markets over the past 3 months and that it will likely to continue. UBS Americas CIO in Global Wealth Management Solita Marcelli joins The Final Round panel to break down what she thinks will lead to a faster recovery.
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