Breaking news, updates, and reports on current events.
by FS FS Insider recently spoke to hedge fund manager Felix Zulauf to get his take on the state of the global and U.S. economy. Felix shared his thoughts on what a recovery could look like and why he sees this as a long-term issue. Read below for excerpts from his interview on FS Insider. … Read more
Credit challenges becoming ‘more widespread and more acute’ Atlanta Fed chief urges governments, banks to provide support Federal Reserve Bank of Atlanta President Raphael Bostic said many U.S. businesses will struggle as early as next month to survive amid coronavirus-related shutdowns and urged both governments and banks to provide relief quickly to help prevent widespread … Read more
by WilburLarch Paypal was the best and fastest funding choice for us after the SBA and Chase both failed to move on our apps or should I say just FAILED. $217,000 funded today via Paypal to keep our 28 employees employed. 4/14 2:00PM – Submitted app with copies of our quarterly payroll reports to Paypal. … Read more
https://twitter.com/hollandcourtney/status/1250560991969988608
by jochexum I think everyone on this sub is fully aware the sba has bungled the eidl rollout. that said, there at least seems to be some measure of fairness or at least consistency in the SBA’s process. first in, first out. everyone dealing with the same rules. even though they’ve taken it upon themselves … Read more
by hjaltlander Specifically I was thinking the major European companies like Shell and BP. BP down to lows not seen since 1997. Shell down to lows not seen since 1996 One of the major drivers for the low oil stocks worldwide is the expected collapse of US shale. However, BP especially is not particularly exposed … Read more
https://twitter.com/RealSaavedra/status/1250722706766524417 Call it what it is: propaganda. AC
by fp_weenie So much for Sweden’s strategy, at least we know not to emulate it.
Ha the governor will throw this department so far under the bus! pic.twitter.com/zSx76yfkjH — Misguided Mormon (@MisguidedMormon) April 15, 2020 Be aware of the progressive takedown method used in Colorado. It already looks like Virginia is on the same path. Who knows how many other states are targeted. Rocky Mountain Heist [Full Documentary] https://vimeo.com/108489041 h/t Tradox
The Democrats thought they would milk this crisis until the cow died. All they did was embarrass themselves, while giving Trump a daily bully pulpit. Americans are witnessing the powerful leadership of @realDonaldTrump while the Democrat media goons make sad fools of themselves. — James Woods (@RealJamesWoods) April 16, 2020 Woods, for the win! WHY … Read more
Kellyanne Conway to reporter: "Paula, I actually don't know what's happened to you, respectfully. I don't know why you've changed." pic.twitter.com/lYU1zq4vGZ — The Hill (@thehill) April 15, 2020 It’s called Trump Derangement Syndrome. AC
Florida attorney to sue county over coronavirus curfew: “It’s not like the virus is Count Dracula” Based Northern Michigan sheriffs have had enough of Whitmer’s bullshit, put her on notice that they will “… uphold and defend the Michigan Constitution, as well as the US Consttution, and to ensure that your God given rights are … Read more
It’s a question or topic that gets thrown around here very often with little explanation or clarity. This article will help explain what is happening at-scale with these particles and viruses. Remember, the goal is to REDUCE THE INITITAL VIRAL LOAD which is thought to be related proportionally to the severity of disease i.e. mild cases vs. … Read more
by CrackHeadRodeo March 3 — An emergency 0.5 percentage point interest rate cut. March 15 — Another 1 percentage point rate cut, taking the Fed’s benchmark for short-term lending down to near zero. March 15 — At the same time as the second rate cut, the Fed lowered the rate for banks to borrow at … Read more
Luckin Coffee and TAL Education have each in the last two weeks disclosed fraud within their companies. But some in the cross-border listing business say Chinese companies are still intent on listing in New York, despite postponements caused by the coronavirus or geopolitical tensions. In the near term, annual audits delayed by the coronavirus … Read more
BCP gives us the news!
The director of an Australian supermarket is publicly pointing fingers — well, one finger, at least — at a customer who tried hoarding high-demand items amid the coronavirus pandemic. John-Paul Drake, of Drakes Supermarkets, detailed the incident on the most recent installment of his “Retail Wrap” YouTube series, where he shares consumer-themed news or industry updates. “If … Read more
Amazon CEO Jeff Bezos said mass testing around the world for the coronavirus is needed to “get the economy back up and running.” In his annual shareholder letter, he said he hopes to test Amazon workers, including those with no symptoms. Amazon CEO Jeff Bezos said Thursday that mass testing around the world for the coronavirus is … Read more
Every weekend we hear good news about how the deaths are “down” but then monday comes along and the uptick resumes along the exponential growth curve. Today we hit a new record for daily deaths, +2,482 Are they just understaffed on the weekends, unable to keep up with the tallying or are they trying to … Read more
by -delt4ninj4 Since March 20th I’ve been self-isolating, I got laid off from my my job. It’s temporary and they expect me to come back. However, during this whole time of self-isolating, I only go out for essentials, very irregularly (I.e one large grocery trip per month, or if I have to get laundry deterengent … Read more