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SoftBank"s credit downgraded 2 notches, further into "junk" territory
Japan-based investment holding company SoftBank Group Corp.'s credit was downgraded Wednesday two notches at Moody'a Investors Service, and is now three notches deep into "junk" territory. The ratings agency cit.....»»
Market Extra: Here’s a breakdown of the Fed’s expanded rescue programs to keep credit flowing during the pandemic
The Federal Reserve is working to keep credit flowing in the U.S. and beyond as global markets convulse, businesses board up, and workers lose jobs in the wake of the coronavirus pandemic......»»
Market Extra: Here’s a breakdown of the Fed’s rescue programs to keep credit flowing during the pandemic
The Federal Reserve is working to keep credit flowing in the U.S. and beyond as global markets convulse, businesses board up, and workers lose jobs in the wake of the coronavirus pandemic......»»
Downgrade doom looms for coronavirus-hit firms and markets
A wave of credit rating downgrades in the corporate sector risks deepening a funding crisis for company bosses and spreading it to other markets......»»
Texas Roadhouse withdraws FY20 guidance, to draw down $190M in credit facility
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
5 credit cards from Amex, Chase, and Capital One that score you bonus rewards and extra perks for food delivery
Crystal Cox/Business Insider With most of us staying close to home in the wake of the coronavirus pandemic, ordering delivery can be a great way to support local businesses. Many top credit cards offer bonus rewards on di.....»»
Hertz"s stock suffers record selloff, as Moody"s cuts rating as COVID-19 creates "severe" credit shock
Shares of Hertz Global Holdings Inc. plummeted 39.6% on Wednesday to close at a record low of $3.38, as the COVID-19 pandemic weighed heavily on the car rental company. The day's decline was the biggest since the stock went public in November 2006. M.....»»
FedEx reports Q3, suspends 2020 fiscal outlook in wake of pandemic
It was another disappointing quarter for FedEx, which saw its operational income cut in half from the previous third quarter. The company does say March has been good so far — but that there's no way of knowing what the coming weeks hold......»»
Credit Suisse sharply cuts Mexico"s 2020 GDP, now sees economy shrinking by 4%
Credit Suisse sharply lowered its forecast for Mexico's economic performance this year and now expects a 4.0% contraction, citing "significant downside risks," according to a note sent to the bank's clients on Tuesday......»»
Credit Suisse sees 2020 economic contraction in Mexico of 4%
Credit Suisse sharply lowered its forecast for Mexican economic growth this year and now expects a 4.0% contraction, citing "significant downside risks," according to a note sent to the bank's clients on Tuesday......»»
Virus credit crunch risks turning firms into zombie army
A decade of easy money sloshing around the economy may come to haunt policymakers as legions of firms hooked on cheap credit have no buffers to .....»»
IATA urges governments to support airlines in wake of U.S. travel ban
The airlines industry body called on governments on Thursday to support transatlantic carriers hit by cash-flow problems due to the coronavirus crisis by offering measures such as credit lines and tax breaks......»»
Rep. Dan Crenshaw accuses Rep. Ted Lieu of "woke virtue signaling" after Lieu warned of xenophobia from what GOP members are calling coronavirus
Susan Walsh/AP Republican Rep. Dan Crenshaw of Texas called a Democratic colleague "out of touch" after he raised concern over the xenophobia that emerged in the wake of the coronavirus. Democratic Rep. Ted Lieu of California on Twitter expressed his .....»»
Oil Price Shock on Top of Coronavirus Compounding Sovereign Credit Risks
Fitch Ratings has warned that the dual coronavirus and oil price shocks will put pressure on some sovereign credit fundamentals and potentially on their ratings......»»
South by Southwest cancels festival over coronavirus risks
Organizers of South by Southwest canceled this year’s arts, music and technology festival in Austin, Texas, citing concerns from city officials about the continuing spread of the coronavirus. The... To view the full story, click the title link......»»
American Airlines extends window to waive change fees in wake of coronavirus
American Airlines has extended its window to waive change fees amid mounting concerns surrounding the spread of the coronavirus. The Fort Worth, Texas-based airline initially offered customers who bought tickets between March 1-16 the ability to c.....»»
Global State Capacity and Social Risks in the Wake of Coronavirus
GeoQuant examines the global s.....»»
S&P cuts Macy"s credit rating to junk
A global credit analyst has lowered retail giant Macy's Inc.'s lending score on what it views as risks to the department store chain's recently unveiled plan to improve its business. S&P Global Ratings cut Macy's (NYSE: M) one notch to BB+ from B.....»»
Renault shares fall after Moody"s cuts company to "junk" status
Renault's shares fell on Wednesday after credit rating agency Moody's cut its rating on the French carmaker's debts to "junk" status......»»
Record Highs And Raging Risks - The Mother Of All Head-Scratchers
Record Highs And Raging Risks - The Mother Of All Head-Scratchers Excerpted from Doug Noland's Credit Bubble Bulletin blog, Confirmed coronavirus cases almost doubled over the past week to 67,000......»»