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Josh RiveraUSA TODAY Approximately 60 CVS stores across 21 states are closed, as of Monday. The chain drug store announced the closures in the wake of protests that began last week…
Jeff Cox@JEFF.COX.7528@JEFFCOXCNBCCOMKEY POINTS The Atlanta Fed projects that second-quarter gross domestic product will decline 52.8%.A continued contraction in manufacturing has been holding back consumption and private investment, two cornerstones of…
Eric Rosenbaum@ERPROSE KEY POINTS Just over half (51%) of global CFOs surveyed by CNBC expect the Dow to fall back below 19,000 before it is able to reach a new…
Hugh Son@HUGH_SON POINTS Wells Fargo, one of the biggest lenders for new and used car purchases in the U.S., sent letters to hundreds of independent auto dealerships last month telling…
The Federal Reserve has snapped up more than $1.3 billion in corporate bond ETFs since it has started an unprecedented intervention in the market. Information the central bank released Friday…
Irene Jiang Early data indicates that reopening isn’t the fiscal cure-all some hoped it would be. Restaurant chains were set to suffer major losses since the beginning of the pandemic.Even…
New York (CNN Business)Temporary store closures. Near-zero travel demand. People shopping online even more as they’re stuck home. It was the perfect storm for bankruptcy forsome of the country’s most recognizable consumer brands —…
© REUTERS / Toby MelvilleOPINION According to the new coronavirus restrictions, foreign travellers who disobey the forthcoming UK quarantine rules could be deported. The rules set out by Home Secretary…
Get short URL A section of the BP oil platform is seen in the North Sea, around 100 miles east of Aberdeen in Scotland © Reuters / Andy Buchanan Follow RT on Project…
Expect even more money printing as big moves in global markets unfold, plus another catalyst for higher gold and silver prices. Big Moves Are Happening In Global Markets (King World…
Coronavirus Economic Fallout Could Mean 54 Million Americans Go Hungry in 2020 The US department of agriculture’s $3 billion Farmers to Families Food Box programme has been delivering surplus perishable produce like milk,…
The economy was booming. The stock market was setting records. Then coronavirus came along and governments shut things down to minimize the pandemic. That led to massive layoffs and a…
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Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned investors to get ready because the next collapse that is…
On the heels of the many bullion banks announcing they are leaving the Comex or greatly reducing their footprint, this is the real reason why the bullion banks are panicking.…
Rolls-Royce junk? Legendary British firm’s credit rating cut below investment grade Ratings agency Standard & Poor’s (S&P) has downgraded engine maker Rolls-Royce’s credit rating to junk, citing the disruption caused to…
POINTS Bankruptcies and distress in the U.S. rental car market caused by Covid-19 is placing additional pressure on the auto industry.New vehicle sales to rental car companies accounted for about 10%,…
POINTS The stock market’s internal rotation into beaten down names, like airlines and small caps, is expected to continue to be a theme in the week ahead as the economy…
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‘Tsunami of job losses’: Airlines going bust & firing HUNDREDS OF THOUSANDS of employees as pandemic crushes global travel International carriers which have been suffering massive losses due to the coronavirus…
Silicon Valley unicorns & fracking are part of Fed’s money-laundering scheme – RT’s Keiser Report Silicon Valley unicorns & fracking are part of Fed’s money-laundering scheme – RT’s Keiser Report The way…