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 […]...
Will the new coronavirus cause a recession in US in the next 6 months? On February 27th, we put the probability at 75% and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to […]...
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 […]...
Pfizer, Moderna and Gilead are leading pharmaceutical companies in the research and development of vaccines and treatments to treat the coronavirus. However production concerns continue to weigh heavily on needs of the healthcare system as the U.S. begins to focus more heavily on re-opening the economy. Yahoo Finance’s Anjalee Khemlani joins The Final Round panel to break down the latest news about the coronavirus. ...
(Bloomberg) -- California reported its largest one-day jump in new cases, adding 2,603 as deaths rose by 95.More than half of small businesses expect to close within six months, according to a new survey. New York City’s average unemployment rate may triple to 12% this year, according to the city comptroller, with more than 900,000 people losing their jobs.President Donald Trump backtracked on disbanding the coronavirus task force and said he’d soon announce new members to focus on reopening, after acknowledging it may cause more people to get ill and die.Germany, the U.K., Denmark and the Netherlands are planning additional steps to ease their restrictions, while Russian President Vladimir Putin warned against rushing into it.Key DevelopmentsVirus Tracker: cases pass 3.7 million; deaths top 259,000Russia adds more than 10,000 cases for fourth straight dayLawsuits against China escalate blame game with U.S.Layoffs start turning permanent across AmericaWork-from-resort: How Ken Griffin stayed on top...
DAT Solutions has launched three new products to help truckload carriers and brokers further manage some of the uncertainty in the freight business in the current COVID-19 environment: Ratecast, Market Conditions Index, and Book Now. ...
(Bloomberg) -- Rental-car companies struggling to survive the coronavirus pandemic’s catastrophic blow to their business have been working with automakers to call off purchases, in some cases even redirecting vehicles in transit to their now largely neglected parking lots.General Motors Co. is taking back cars it agreed to sell that were on their way to Hertz Global Holdings Inc., Avis Budget Group Inc. and closely held Enterprise Holdings Inc., a spokesman said. Hyundai Motor Co. also confirmed it has redirected some vehicles to its retailers that it was planning to produce for fleet customers.Early last month, Fiat Chrysler Automobiles NV compiled a list of almost 30,000 vehicles the rental-car companies had purchased and circulated it to other prospective fleet customers, according to a person who shared the document with Bloomberg News. The attempt to transfer any of the cars to other customers ultimately fell through for logistical reasons, a Fiat Chrysler...
