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Business, Economy

“A massive drop in car sales sparks new push in Congress to aid the auto industry”

“A precipitous decline in car sales amid the deadly coronavirus outbreak has caught the attention of Capitol Hill, where some lawmakers are now urging Congress to authorize new aid for the auto industry. The heightened push on Capitol Hill comes as the… Continue Reading…

Economy

“New Vehicle Sales Continue Downward Slide in April, Edmunds Forecasts”

“The car shopping experts at Edmunds say that April will be a record down month for the auto industry due to the coronavirus (COVID-19) pandemic, forecasting that 633,260 new cars and trucks will be sold in the U.S. for an estimated seasonally… Continue Reading…

Business

“Disney Enters Into New $5 Billion Credit Agreement”

“The company now has access to more than $13 billion in credit, should it be needed… In a filing Monday with the SEC, Disney said that it had signed a new 364-day revolving credit agreement with Citibank that would provide… Continue Reading…

Economy

“Markets Enter New Phase—Where Cash Is All That Matters”

“A rush for cash shook the financial system Wednesday, as companies and investors hunkered down for a prolonged economic stall, taking the recent market turmoil into a new, more troubling liquidation phase. Investors sold nearly everything they could in the… Continue Reading…

Business, Economy

“Empire State manufacturing index sees record decline to -21.5 in March”

“The numbers:The New York Fed’s Empire State business conditions index plunged a record 34.4 points to -21.5 in March, the regional Fed bank said Monday. Economists had expected a reading of 4.8, according to a survey by Econoday. This is the… Continue Reading…

Banking, Cryptocurrencies

“Visa and Coinbase team up to create crypto-backed debit card”

“…Visa today announced a debit card that will allow users to buy things using fiat money converted from cryptocurrency stored in online wallets. The new Coinbase Card it is directly tied to the a person’s cryptocurrency balance in digital wallets managed by… Continue Reading…

Economy

“New High of 90% of Americans Satisfied With Personal Life”

“Nine in 10 Americans are satisfied with the way things are going in their personal life, a new high in Gallup’s four-decade trend. The latest figure bests the previous high of 88% recorded in 2003… These results are from Gallup’s… Continue Reading…

Business, Stocks

“J.C. Penney in danger of being booted from New York Stock Exchange”

“Shares are required to maintain an average closing price of at least $1 over a 30-trading day period. The company has six months to regain compliance… J.C. Penney shares have plunged more than 93 percent since March 2016 amid changing consumer… Continue Reading…

Stocks

“Stocks trade near records as new year kicks off”

“The Dow Jones Industrial Average DJIA, +0.58%  rose about 116 points or 0.4%, to 28,654, while the S&P 500 SPX, +0.43%   was 14 points, 0.4%, higher, to touch 3,244. The Nasdaq COMP, +0.73%  jumped 65 points, 0.7%, to touch 9,038. …The S&P 500 SPX, +0.43% gained 28.9% and the Nasdaq Composite COMP, +0.73%,… Continue Reading…

Economy

“Gold Expert Discusses a “New Bull Market” on the Horizon”

“There are a tremendous number of factors currently in play which all historically have driven the gold market up. Clark points out that when you look at things like the increase in negative interest rates around the world, geopolitical conflicts,… Continue Reading…