Britain mulling new business support scheme

Via Yahoo Finance LONDON (Reuters) – Britain is considering a new bailout mechanism to help firms affected by the coronavirus, Sky News reported on Saturday, saying that individual loans to companies could be bundled together into securities. Finance minister Rishi Sunak has already set out a range of different schemes to help companies through a national lockdown which has effectively...

US governors clash with Trump over virus testing

Via Financial Times Democratic and Republican governors have rejected suggestions from Donald Trump that US states have sufficient capacity to test people for coronavirus as a precursor to reopening their economies. Larry Hogan, the Republican governor of Maryland who chairs the National Governors Association, on Sunday told CNN that the country’s governors believed the lack of testing remained “the number...

AKK RIP – Annegret Kramp-Karrenbauer’s resignation upends German politics | Europe

Via The Economist A shocking development in Thuringia brings down the Christian Democrats’ leader. Who will now succeed Angela Merkel? GERMAN POLITICS is in disarray after the sudden announcement that Annegret Kramp-Karrenbauer, leader of the ruling centre-right Christian Democratic Union (CDU), intends to resign. On February 10th Ms Kramp-Karrenbauer said she would quit her role as party chairwoman and not...

Monster Beverage’s Growth To Continue (NASDAQ:MNST)

Via SeekingAlpha.com 2019 marked Monster Beverage’s (MNST) first year posting a net income above $1 billion, and has proven solid growth rates in revenue and net income. The company faces stiff competition in the energy drink market, with dozens of different drinks from PepsiCo, Starbucks, Coca-Cola, Red Bull and others. Monster continues to launch new product lines and new flavor...

Secretary Mnuchin: Trump’s Signature On Stimulus Checks “My Idea” – Not The President’s

Via Zerohedge Recall that Trump Derangement Syndrome was in high gear on a national scale and in the media when a week ago, just as coronavirus stimulus checks began going out to Americans, the administration announced a break in protocol – saying President Donald Trump’s signature would be on all paper checks mailed out from US Treasury.  Liberal critics derided that the...

Trump and Congress near deal on small business aid

Via Financial Times US Treasury Secretary Steven Mnuchin said the Trump administration was close to reaching a deal with Congress to provide another $300bn in loans for small businesses that have been devastated by the Covid-19 pandemic. “I think we’re very close to a deal today,” Mr Mnuchin told CNN on Sunday. “I’m hopeful that we can reach an agreement...

Coronavirus: Germany’s music, arts scene desperate for ‘crucial’ help

Via Deutsche Welle In an open letter on Sunday, international music stars said it was “unimaginable” that quick German state aid had been offered to businesses such as Adidas and dentists while self-employed, trained musicians and artists faced a drastic drop in income over the next eight to 12 months. Some colleagues were “neck-deep in water,” reported the German newspaper Welt am...

Rolling back the years – Argentina gives the Peronists another chance | The Americas

Via The Economist Oct 31st 2019 BUENOS AIRES “WE WILL DEVOTE all our efforts to ending the suffering of all Argentines,” declared Alberto Fernández, Argentina’s president-elect, before a crowd in Chacarita, a working-class area of Buenos Aires. Mr Fernández was celebrating his victory over the incumbent, Mauricio Macri, in a presidential election on October 27th. But Mr Macri raised similar...

MSC Industrial: Stay Cautious Against Indicators Tumbling In The Short-Term (NYSE:MSM)

Via SeekingAlpha.com MSM Can Stay Muted In The Short-Term In a pandemic-hit world, the economic indicators are mostly bearish in 2020. So, MSC Industrial Direct Co.’s (MSM) average daily sales declined sharply in the manufacturing customers, which have also put its gross margin under pressure. However, I expect increased orders for safety and janitorial products, particularly from the government sector,...

COVID-19: Virksomheder vil sende 150.000 danskere hjem med lønkompensation

Via Erhvervsministeriet COVID-19: Virksomheder vil sende 150.000 danskere hjem med lønkompensation 19-04-2020 Nyhed Seneste opgørelse viser, at 150.000 danske lønmodtagere står til at blive sendt hjem med fuld løn. Corona-udbruddet rammer danskernes arbejdspladser, når butikker og ordrebøger står tomme. Og det er der mange, der har gjort brug af. Tal fra Erhvervsstyrelsen viser, at der er sendt ansøgninger for mere...

Exclusive: Amazon deploys thermal cameras at warehouses to scan for fevers faster

Via Reuters Finance (Reuters) – Amazon.com Inc has started to use thermal cameras at its warehouses to speed up screening for feverish workers who could be infected with the coronavirus, employees told Reuters. The cameras in effect measure how much heat people emit relative to their surroundings. They require less time and contact than forehead thermometers, earlier adopted by Amazon,...

Asian Oil Trading Legend Files For Bankruptcy After Hiding $800 Million In Losses, Secretly Selling Loan Collateral

Via Zerohedge Last weekend we reported that one of Singapore’s biggest and most iconic – and extremely secretive – oil traders, Hin Leong Trading, whose website reported the company’s revenue surpassed $14 billion back in 2012, was on the verge of collapse as the company’s banks had frozen letters of credit for the firm – a death sentence for any...

I’d buy these dividend-paying FTSE 100 bargains in an ISA today

Via Yahoo Finance After the stock market crash, I think these FTSE 100 bargain dividend stocks should tempt investors looking to use their new Stocks and Shares ISA allowance. While other FTSE 100 companies have dumped their dividends, these three are holding firm for now. That reflects their strong balance sheets and healthy cash generation. You can buy them at bargain...

Johnson faces cabinet split on lifting lockdown

Via Financial Times  Boris Johnson is facing a split at the top of his cabinet over the speed with which Britain exits its coronavirus lockdown, while also confronting claims he was “missing in action” when the crisis first hit. The prime minister, recovering from Covid-19 at Chequers, faces a big test when he returns to work in deciding whether the...

Coronavirus hits memorials for 75th anniversary of liberation of Nazi death camps

Via Deutsche Welle Commemorative gatherings originally planned to mark the April 1945 liberations of three former Nazi deaths camps — near Hanover, and north of Berlin — were largely replaced on Sunday by politicians’ digital and video messages. Only at Bergen-Belsen, east of Hanover, did Lower Saxony state premier Stephan Weil lead a mini event instead of a planned 5,000-guest...

Are CTAs Causing Market Sell-Offs?

Via Top Traders Unplugged Are CTAs Causing Market Sell-Offs? By Niels Kaastrup-Larsen | 03/25/2020 | 0 JP Morgan blames CTA strategies for causing large market selloffs. We give our view! IT’S TRUE 👀 – most CIO’s read 50+ books each year! Get your copy of the Ultimate Guide to the Best Investment Books ever written here. Follow me at @TopTradersLive...

Friends in high places – Michael Milken receives a presidential pardon | Finance and economics

Via The Economist Feb 20th 2020 ON FEBRUARY 13TH 1990 Drexel Burnham Lambert, which only a few years earlier had been America’s most profitable investment bank, filed for bankruptcy. Its death knell had sounded ten months earlier when Michael Milken, who created the junk-bond market on which the bank’s success was founded, was indicted for fraud. He would plead guilty...

U.S. banks seek term changes as Fed finalizes Main Street Lending Program

Via Reuters Finance WASHINGTON (Reuters) – U.S. banks are pushing the Federal Reserve to change the terms of a $600 billion lending program for small and medium-sized businesses, including reducing minimum loan sizes and allowing more flexibility on underlying reference rates, industry groups said. FILE PHOTO: The Federal Reserve seal is seen during Chairman Jerome Powell news conference following the...