Courtesy of IHSMarkit’s energy vice president Roger Diwan How did you end up with negative oil prices today? This happens when a physical futures contract find no buyers close to or at expiry. Let me explain what that means: A physical contract such as the NYMEX WTI has a delivery point at Cushing, OK, & date, […]
24-Hour Fitness is also considering bankruptcy … this according to CNBC Neiman Marcus, one of the largest retailers of its kind in America, has hit the mat and can’t get up in the wake of the coronavirus pandemic, and the chain is reportedly ready to file for bankruptcy. Neiman’s 43 stores all shut down during […]
U.S. retail sales fell at a record pace in March, with many retail categories seeing jaw-dropping declines. And economists are scrambling to find the right words to illustrate the rapid deterioration of the U.S. economy, as the world attempts to deal with the deadly coronavirus pandemic. On top of this, the Small Business Bailout Fund is expected […]
By Emily Zanotti Speaker of the House Nancy Pelosi (D-CA), the architect behind Democrats’ decision to block $250 billion in additional funding to small businesses suffering because of coronavirus-related lockdowns, now says there’s “no data” to support an influx of emergency cash, even as banks are reaching their lending capacity due to unprecedented demand for […]
Michael Lindell, the inventor and CEO of MyPillow, stood outside the White House on Monday as a guest during the daily coronavirus task force briefing, at which he announced that his company had begun mass production of face masks. The Chaska, Minnesota-based pillow giant has retooled 75% of its production toward making face masks to […]
Small businesses will be able to access new loans starting Friday to help them stay afloat during the economic crisis wrought by the coronavirus. The $2.2 trillion coronavirus relief bill passed by Congress and signed by President Donald Trump established a $350 billion Paycheck Protection Program. “This relief will help stabilize the small business sector […]
Like the American left the globalists never let a crisis pass without attempting a power-grab. The WHO lied about the seriousness of the global coronavirus pandemic. The WHO praised China despite their continued lying. And WHO leader Tedros Adhanom Ghebreyesus then later created an international panic and global depression when he overstated the mortality rate of the […]
Reported over the past two years how China’s economy was collapsing. You could feel it and there were many signs of China’s pending economic collapse. Was their response an Act of War? The BBC reported in January that official China figures are out and the news is scary: China’s economy grew last year at the slowest pace […]
Your favorite restaurant may not survive the COVID-19. One of the major shakeups that is coming is the destruction of the restaurant industry, which citing data from the National Restaurant Industry shows that in one month alone, restaurants have lost $25 billion dollars and is threatening trillions in real estate mortgages and commercial property. The […]
By Noah Buhayar, Oshrat Carmiel, Nic Querolo Chuck Sheldon, a landlord and property manager in Albuquerque, New Mexico, has owned apartments for more than half a century. These days, he can barely keep up with all the moving pieces. He’s talking with owners of roughly 1,700 units he manages, who are worried what’s going to […]
