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VW warns chip shortage to curb output in coming months, Bloomberg reports
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.....»»
Bitcoin Hits Another All-Time High
Bitcoin (BTC) hit $58,332.36, a new all-time high, according to data at CoinDesk.com. The leading cryptocurrency has been marking a steady stream of new highs for months. This latest, coming midday on Sunday EST, shows the run isn't letting up. read more.....»»
BofA warns GameStop stock could plunge 93% as weak earnings and skeptical turnaround plan will weigh on the business
"A potential turnar.....»»
BofA Warns "Take Profits" Ahead Of Coming Correction
BofA Warns "Take.....»»
Japan automakers post 34% plunge in March global sales
Japanese automakers saw a 34% fall in global vehicle sales in March when the coronavirus outbreak began to spread globally, and face a further tumble in the coming months......»»
ECB chief Christine Lagarde warned of a 15% plunge in Europe"s economy during the coming coronavirus recession
Associat.....»»
The US dollar doesn"t have "too much to offer anymore," and looks set to plummet against other major currencies, UBS warns
Reuters The dollar could plunge against the yuan, yen, and pound in the next few months, warns UBS. UBS Global Wealth Management's Hartmut Issel told CNBC Thursday in a phone interview: "Since the last month or two, the dollar d.....»»
Futures slide as sub-zero U.S. crude adds to pandemic jitters
U.S. stock index futures resumed their slide on Tuesday as gloomy quarterly earnings reports and a historic collapse in U.S. crude prices to below zero raised the spectre of a deep global recession in the coming months......»»
Stocks tumble as historic oil plunge stokes more jitters
Stocks fell Monday as traders weighed the latest coronavirus news along with a historic collapse in U.S. crude prices. The market was coming off its first back-to-back weekly gains in more than two months......»»
Stocks tumble as historic oil plunge stokes more jitters
Stocks fell Monday as traders weighed the latest coronavirus news along with a historic collapse in U.S. crude prices. The market was coming off its first back-to-back weekly gains in more than two months......»»
Economic Preview: All signs point to deepening recession even as U.S. eyes how to reopen for business
The hits to the U.S. economy keep coming. This week’s upcoming reports on layoffs, housing, consumer confidence and the health of businesses are all going to be ugly. Again......»»
Morgan Stanley profit plunges, warns of more pain ahead
Morgan Stanley posted a 32% fall in quarterly profit on Thursday as the coronavirus pandemic stalled dealmaking and warned that the crisis would continue to weigh on its operations in the coming months......»»
"Fade The Rip": BofA Warns "Bear Market Far From Over Unless We Escape A Recession"
"Fade The Rip": BofA Warns "Bear Market Far From Over Unless We Escape A Recession" "Have we hit the botto.....»»
Jamie Dimon Warns Of Coming "Bad Recession," Repeat Of 2008 Crisis In Annual Letter
Jamie Dimon Warns Of Coming "Bad Recession," Repeat Of 2008 Crisis In Annual Letter.....»»
Coronavirus depresses U.S. payrolls, more job losses coming
The U.S. economy shed 701,000 jobs in March, abruptly ending a historic 113 straight months of employment growth as stringent measures to control the novel coronavirus outbreak shuttered businesses and factories, confirming a recession is underway......»»
Sirius XM Stock Became Too Cheap to Ignore
Investors are looking for companies that are likely to withstand the carnage of the recession in the coming months. If the global financial crisis that unfolded from 2007 through 2009 is a model,........»»
Investors expect a "permanent recession," Paul Krugman warns after Treasury yields tumble and interest rates plunge
Reuters/Tim Shaffer Investors expect the US economy to suffer a prolonged downturn, Paul Krugman argued on Monday. "Mr Market is basically saying that we're head.....»»
Louisville brewery"s beer hits retail shelves, could second location follow?
Within six months of opening Gravely Brewing Co. in 2017, the brewery's founder and president Nathaniel Gravely said people were already asking him to can its products. Nearly two years later, that's finally coming to fruition. A selection of Grav.....»»
Cathay Pacific asks employees to take unpaid leave as virus hits demand
Hong Kong's Cathay Pacific Airways Ltd has asked all its 27,000 employees to take three weeks of unpaid leave in coming months as it battles a fall in demand caused by a virus outbreak, the company said on Wednesday......»»
The Tell: Stocks could see a double-digit drop in the coming months, warns Wells Fargo
Even as geopolitical tensions continue to ratchet up, there’s much to be bullish about in the stock market in the New Year — maybe too much, according to Chris Harvey, the head of equity strategy at Wells Fargo Securities......»»