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With what are sure to be ugly March sales numbers looming, Ford has now decided it is cancelling plans to re-start production in the U.S. and Mexico over the next two weeks.
Zoom Video Communications is being sued for improperly sharing personal data of its millions of users with Facebook.
All across America, store shelves are emptying and people are becoming increasingly frustrated because they can't get their hands on needed supplies. Most Americans are blaming "hoarders" for the current mess, but it is actually much more comp
Even before the coronavirus pandemic ground the US economy to a halt, the US brick and mortar retail sector was facing an apocalypse of epic proportions with dozens of retailers filing for bankruptcy in recent years as Amazon stole everyone's market
Until recently, funds that imposed redemption "gates" on their investors were those who had suffered a substantial mismatch between the illiquidity of their investments and the liquidity preference of their investors (which tends to be instantaneous)
Acknowledging the enormous threat to jobs and incomes posed by the coronavirus epidemic, the Federal Reserve on March 23 pledged to use "its full range of authorities to provide powerful support for the flow of credit to American families and busin
Some of these sites have since been temporarily shut down, including the Queens location. The others, however, have reportedly refrained from closing down completely and are rather taking "extreme measures to ensure the safety of employees at our s
As you've probably already heard, the US government unleashed a giant tsunami of money on Friday, passing a $2 trillion stimulus bill to help boost the economy during the Covid pandemic.
As I write this, I am no longer "allowed" to frequent businesses the state has deemed to be "nonessential."
Let's take a look at the Tesla Gigafactory 4 progress in Germany.
"The Industry Has Never Experienced Anything Like This Before": 3% Of All Restaurants Have Already Closed Permanently
Amazon Warehouse Workers Are Learning About Coronavirus Contamination from Social Media Posts on Facebook Instead of from Warehouse Managers and Supervisors.
The tariffs on imports was touted as a benefit to U.S. companies. Now they are going to be suspended duty to the financial strain?
Volkswagen has come out and said that it may need to start slashing jobs if the coronavirus pandemic isn't brought under control quickly. The company admitted on German TV that it was torching $2.2 billion in cash per week, every week, while producti
Los Angeles Mayor Garcetti Announces Water and Power Will Be Shut Off for Non-Essential Businesses that Don't Close
To kick things off, Luke dives straight into President Donald Trump's 96-0 Congratulations America tweet, which was a reference to the government approving the $2 Trillion Stimulus package.
Think about this… How weak and tenuous does a corporate financial position need to be such that being closed for one week means informing all nationwide landlords of your inability to pay the rent next week?
--and donates protective suits and face shields to medical staff treating coronavirus
The pace at which Americans are losing their jobs is absolutely breathtaking. According to the Wall Street Journal, the largest number of new claims for unemployment benefits ever recorded in a single week prior to this year was 695,000 during the w
ven before the coronavirus pandemic ground the US economy to a halt, the US brick and mortar retail sector was facing an apocalypse of epic proportions with dozens of retailers filing for bankruptcy in recent years as Amazon stole everyone's market s
THE CORONAVIRUS COVID-19 HAS UPENDED everything, including business as usual in Washington. In a matter of days, facing the reality of a nationwide shutdown and a worsening economic crisis, Congress got serious about spending money--a lot of it.
Even before the Covid-19 crisis had slashed stock prices nearly in half since it erupted in January, financial markets were in an inherently unstable condition.
The ability to suspend these laws without fear of endangering the public opens the door to questioning their purpose.
Along with the human death toll of the COVID-19 pandemic, the economic carnage is mounting.
Welcome to the latest episode of our ongoing "Pigs At The Trough" series, documenting how companies who have taken zero financial precautions over the last decade are now rushing to Uncle Sam and the American taxpayer for their "do-overs".
The US airline companies have bankrupted themselves by buying back their stock in an enrichment scheme for CEOs and board members.
Here is a snapshot of America's bailout culture: beggars, and those demanding bailouts, can not only be choosers, but can dictate under what terms they are bailed out.
Here is a snapshot of America's bailout culture: beggars, and those demanding bailouts, can not only be choosers, but can dictate under what terms they are bailed out.
As the pandemonium in New York City and beyond continues, Luke and Tim discuss the economic impact that accompanies the pandemic.
Everything Accomplished During the Great Depression to Make Capitalism Workable Has Been Taken Away Resulting in Economic Crisis that Only Debt Forgiveness Can Mitigate
