Econobits.com

Wednesday, March 18, 2020

Before coronavirus crash many big corporations broke the No. 1 rule of personal finance

https://www.cnbc.com/2020/03/17/crash-shows-major-corporations-broke-no-1-personal-finance-rule.html

Surging U.S. Dollar Is Next Big Headache for World Economy

https://www.bloomberg.com/news/articles/2020-03-18/surging-u-s-dollar-is-next-big-headache-for-the-world-economy

Kroger CEO: We have hired 2,000 people and have 10,000 openings in response to coronavirus demand

https://www.cnbc.com/2020/03/17/kroger-ceo-we-have-hired-2000-people-due-to-coronavirus-demand.html

Tuesday, March 17, 2020

The Federal Reserve is adding another program to keep money flowing for big financial institutions

https://www.cnbc.com/2020/03/17/the-federal-reserve-is-adding-another-program-to-aid-lending-to-businesses-and-households.html

Coronavirus just crashed a critical survey of trucking outlooks to an all-time low

https://www.businessinsider.com/coronavirus-truckers-trucking-executives-worry-about-macro-recession-2020-3

GOP Sen. Cotton calls for monthly cash payments to Americans during coronavirus pandemic | TheHill

https://thehill.com/homenews/senate/487939-gop-sen-cotton-calls-for-monthly-cash-payments-to-americans-during

Romney proposes giving $1K to every US adult amid coronavirus | TheHill

https://thehill.com/homenews/senate/487794-romney-proposes-sending-1000-to-every-american-adult-amid-coronavirus

Monday, March 16, 2020

Economic contagion has already set in — we need a huge cash injection

https://www.standard.co.uk/comment/comment/economic-contagion-has-already-set-in-we-need-a-huge-cash-injection-a4388361.html

U.S. Airlines Spent 96% of Free Cash Flow on Buybacks

https://www.bloomberg.com/news/articles/2020-03-16/u-s-airlines-spent-96-of-free-cash-flow-on-buybacks-chart

Coronavirus devastates China's economy and the 'nightmare' is not over

https://www.cnn.com/2020/03/16/economy/china-economy-coronavirus/index.html

Exclusive: Fed is ‘throwing money in the wrong place,’ says Sheila Bair, former top banking regulator

https://www.marketwatch.com/story/exclusive-fed-is-throwing-money-in-the-wrong-place-says-sheila-bair-former-top-banking-regulator-2020-03-15

Sunday, March 15, 2020

JPMorgan, Bank of America, Citigroup and other major banks suspend stock buybacks due to pandemic

https://www.cnbc.com/2020/03/15/jpmorgan-bank-of-america-citigroup-suspend-stock-buybacks-due-to-pandemic.html

Federal Reserve slashes rates to zero, restarts QE

https://finance.yahoo.com/news/federal-reserve-cuts-rates-to-zero-restarts-quantitative-easing-qe-210001968.html

Markets face more turmoil as fears for global economy grow

https://www.theguardian.com/business/2020/mar/15/markets-face-more-turmoil-as-fears-for-global-economy-grow-coronavirus

The plumbing behind world's financial markets is creaking. Loudly

https://www.reuters.com/article/us-health-coronavirus-markets-crisis-ana-idUSKBN2120NJ

Five Early-Warning Economic Indicators Show U.S. Virus Shock

https://www.bloomberg.com/news/articles/2020-03-14/five-early-warning-economic-indicators-show-u-s-virus-shock 

Saturday, March 14, 2020

Your college closed early because of coronavirus. You might not get your money back

https://www.cnbc.com/2020/03/13/why-students-arent-getting-refunds-after-coronavirus-college-closings.html 

No End in Sight to the Oil Price War Between Russia and Saudi Arabia

https://foreignpolicy.com/2020/03/14/oil-price-war-russia-saudi-arabia-no-end-production/ 

Nightmare on Wall Street Was All About Liquidity

https://www.bloomberg.com/news/articles/2020-03-14/traders-nightmare-liquidity-vanished-when-they-needed-it-most

Will your university refund any tuition fees? It depends on the college

https://www.marketwatch.com/story/a-lot-of-colleges-simply-cant-afford-to-give-refunds-major-universities-holding-online-classes-due-to-coronavirus-are-still-charging-full-tuition-2020-03-13

Already stretched universities now face huge endowment losses from market meltdown | PBS NewsHour

https://www.pbs.org/newshour/education/already-stretched-universities-now-face-huge-endowment-losses-from-market-meltdown

Icahn is shorting the commercial real estate market, which he says is going to ‘blow up’

https://www.cnbc.com/2020/03/13/icahn-reveals-his-biggest-short-position-amid-market-turmoil-commercial-real-estate.html

Friday, March 13, 2020

China hints at denying Americans life-saving coronavirus drugs

https://www.foxnews.com/world/chinese-deny-americans-coronavirus-drugs

Starbucks Considering Limited Access, Mobile and Drive-Thru Only

https://www.tmz.com/2020/03/12/starbucks-considering-limited-access-mobile-drive-thru-only/

New York Stock Exchange prepares for potential closing of trading floor due to coronavirus | TheHill

https://thehill.com/policy/finance/487307-nyse-prepares-for-potential-closing-of-trading-floor-due-to-coronavirus

Thursday, March 12, 2020

‘Social distancing’ comes at a massive economic cost, but it’s now the only way to save millions of lives

https://www.marketwatch.com/story/social-distancing-comes-at-a-massive-economic-cost-but-its-now-the-only-way-to-save-millions-of-lives-2020-03-12

Luxury Shoppers in China Emerge From Quarantine to Buy Again

https://www.bloomberg.com/news/articles/2020-03-12/luxury-shoppers-in-china-emerge-from-quarantine-to-buy-again

$50 Trillion in Question as U.S. Treasury Liquidity Dries Up

https://www.bloomberg.com/news/articles/2020-03-11/-50-trillion-in-question-after-u-s-treasury-liquidity-dries-up

As coronavirus fears soar, Europe moves to ban wasteful ‘ghost flights’ | Grist

https://grist.org/climate/as-coronavirus-fears-soar-europe-moves-to-ban-wasteful-ghost-flights/

The first US layoffs from the coronavirus are here - U.S. - Stripes

https://www.stripes.com/news/us/the-first-us-layoffs-from-the-coronavirus-are-here-1.622069

Wednesday, March 11, 2020

Treasuries Yielding Next to Nothing Aren’t Hedge They Used to Be

https://www.bloomberg.com/news/articles/2020-03-11/super-safe-treasuries-can-also-be-risky-wall-street-warns

Saudi Arabia Pledges to Expand Oil Output Capacity

https://www.bloomberg.com/news/articles/2020-03-11/aramco-will-boost-oil-output-capacity-to-13-million-barrels-day

Bank of England rate cut ‘a mistake and too soon,’ Jim O’Neill says

https://www.cnbc.com/2020/03/11/bank-of-england-rate-cut-a-mistake-and-too-soon-jim-oneill-says.html

Tuesday, March 10, 2020

Russia and Saudi Arabia's oil price fight shows the world doesn't have what it takes to fight coronavirus

https://www.businessinsider.com/oil-price-fight-lack-of-global-cooperation-fight-coronavirus-covid19-2020-3

Trump Surprised Staff With Promise of Stimulus Details by Today

https://www.bloomberg.com/news/articles/2020-03-10/trump-surprised-staff-with-promise-of-stimulus-details-by-today

The Fed Panicked, And Its Rate Cut Is Making The Economy Worse

https://seekingalpha.com/article/4330872-fed-panicked-and-rate-cut-is-making-economy-worse?utm_source=smartnews.com&utm_medium=referral

The Fed Has Rendered Itself Impotent

https://www.forbes.com/sites/miltonezrati/2020/03/08/the-fed-has-rendered-itself-impotent/

Monday, March 9, 2020

Historic Day in Markets Has Traders Rethinking What’s Possible

https://www.bloomberg.com/news/articles/2020-03-09/historic-day-in-markets-has-traders-rethinking-what-s-possible

'A global recession is inevitable': Analysts warn of 'utter carnage' as oil crashes and global stocks tumble

https://www.businessinsider.com/global-recession-inevitable-analysts-comment-on-market-crash-2020-3

Fed to step up liquidity injections to guard against market pressure

https://www.cnbc.com/2020/03/09/fed-to-step-up-liquidity-injections-to-guard-against-market-pressure.html
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