Machine sales set for sharp drop in first-half 2020: German engineering association

This post was originally published on this site © Reuters. BERLIN (Reuters) – Germany’s engineering association expects the coronavirus outbreak to prompt a sharp drop in global machine sales in the first half of this year and a recovery forecast in the second half won’t be strong enough to compensate, it said on Friday. This […]

GreenSky reports transaction volume, liquidity position

This post was originally published on this site GreenSky (NASDAQ:GSKY) reports transaction volume of $905M (+16% Y/Y). March transaction volume through March 18 exceeds $289M (+14% Y/Y). The company has ~$190M of unrestricted cash and an undrawn $100M revolving credit facility, more than $2.2B of unused bank funding commitments, plus anticipated current-year portfolio paydowns creating another […]

'Everything rally' returns; S&P futures +4%

This post was originally published on this site Big gains were seen for every asset class across the globe overnight as policymakers pulled out all the stops and adopted a “whatever it takes” approach to mitigate the economic hit from the coronavirus pandemic. The latest moves will see the Fed increase the access to dollars […]

Jobless claims may reach 2.25 million, Goldman Sachs economist estimates

This post was originally published on this site Getty Images Layoffs are coming. The first real bad U.S. economic data from the coronavirus outbreak was released on Thursday, as initial jobless claims surged 70,000 to 281,000, the highest level in 2.5 years. But that is not anything compared with what is in store. David Choi, […]

4 U.S. senators sold stock after getting coronavirus threat briefings in January

This post was originally published on this site Four U.S. senators sold stock after receiving sensitive briefings in late January about the emerging threat of the coronavirus, sparking concerns that they put safeguarding their private finances before their duty to protect public health. Senator Richard Burr, a Republican from North Carolina, and Kelly Loeffler, a […]

Stocks – Europe Boosted by Strong Gains in Energy Stocks

This post was originally published on this site © Reuters. By Peter Nurse  Investing.com – European stock markets surged higher Friday, helped by strong gains in the energy sector after oil prices bounced back. At 03:55 ET (0855 GMT), the U.K.’s index was trading 2.3% higher, 40 and the were up 4.8%. The pan-eurozone index, […]