
Bankrupt Hertz gets approval to sell up to $1 billion in stock — but experts expect equity to be wiped outWow, That Was Fast: Debt Out the WazooCOVID-19 Lockdowns Spark 41% Collapse In Black-Owned Businesses In AmericaA Word About the Chaos in the Unemployment Data: Week 12 of the U.S. Labor Market CollapseThe new tech hubs: With more employees working from home, companies could diversify workforces
Jun 13, 2020
13 min

The Ritz-Carlton in Sarasota lays off close to 500 employeesTreasury Secretary Mnuchin says ‘we can’t shut down the economy again’Unstoppable: The Greatest Depression & The Reverse Wealth EffectIt Only Took 2 Days For Seattle’s “Autonomous Zone” To Descend Into Chaos…
Jun 12, 2020
13 min

New U.S. jobless claims rise 1.54 million in early June, but fewer people getting benefitsDovish Fed sees no interest-rate hikes for years, will keep buying assets"US Living Standards Are About To Be Squeezed As Never Before" - Yale Economist Warns Of Dollar CrashThe Chilling Things Delta Said about the Airline Business, the 90% Collapse in Q2 Revenues, and Why Some Demand Destruction May Be “Permanent”
Jun 11, 2020
12 min

'You think everybody is a genius in a bull market': Mark Cuban warns the day-trading boom reminds him of the dot-com bubbleManufacturer to Leave Minneapolis After Plant Set on Fire in RiotsJob openings tumble to lowest level in more than 5 yearsFormer Fed chair: It’s ‘crazy’ and ‘cruel’ not to extend the $600-a-week enhanced unemployment benefits
Jun 10, 2020
13 min

The Longest Expansion In History Is Officially Over: The US Entered Recession In February, NBER FindsMall owner CBL issues ‘going concern’ warning after skipped interest payment202-year-old Brooks Brothers prepping for potential bankruptcy, report saysMen's Wearhouse owner mulls bankruptcy filingNasdaq Composite Erases Losses to Seize New Record
Jun 9, 2020
12 min

"This Is Just The Start": US Bankruptcies Soar 48% In May, Most Since Financial CrisisGap Inc. Q1 loss nears $1BGold prices head higher after Friday fall as investors bet on continued central-bank stimulus
Jun 8, 2020
12 min

Warren Buffett's Berkshire Hathaway has a record $137 billion cash pile. Here's why the investor will be frustrated by that fact.These stocks rose by double digits Friday as underperforming sectors bounced back
Jun 7, 2020
12 min

Looting costs businesses in major metro areas at least $400M, experts estimate"We Still Expect To Be Paid" - America's Largest Mall Operator Sues Gap For $70M In Back-RentUS Consumer Credit Crashes As Americans Repay A Record Amount Of Credit Card DebtPowered by Restaurants, Bars & Retailers, Jobs Bounce Off Bottom. Some Industries & Governments Continue to Shed Jobs
Jun 6, 2020
11 min

May sees biggest jobs increase ever of 2.5 million as economy starts to recover from coronavirusMost U.S. States Have ‘Reopened’ Their Economies, So Why Does Unemployment Continue To Spiral Out Of Control?Week 11 of the U.S. Labor Market Collapse: Signs of Having Hit Bottom, FinallyCOVID-19 Triggers Transformation Into A New Economy
Jun 5, 2020
14 min
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