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The stock market is this close to setting another record -- the shortest bear market in history

The stock market is this close to setting another record -- the shortest bear market in history

By: Anneken Tappe
Source: CNN Business
Date of Publication: August 11th, 2020
The S&P 500 (SPX) could finish Tuesday at a new record high -- its first since the pandemic hit and exceeding its all-time high from February. That would mean it took Wall Street less than five months to go from nadir to new record, and the 2020 bear market would be the shortest in history.
Wall Street jumps as May retail sales boost hopes of swift recovery

Wall Street jumps as May retail sales boost hopes of swift recovery

By: Medha Singh, Devik Jain
Source: Reuters
Date of Publication: June 16th, 2020
U.S. stocks advanced on Tuesday after a record surge in May retail sales revived hopes of a swift post-pandemic economic rebound, with sentiment also lifted by data showing reduced COVID-19 death rates in a trial of a generic steroid drug.
Wall Street set to drop at open after spike in new virus cases

Wall Street set to drop at open after spike in new virus cases

By: Devik Jain, Medha Singh
Source: Reuters
Date of Publication: June 15th, 2020
Wall Street was set to drop sharply at the open on Monday as a recent jump in coronavirus cases in China and parts of the United States dashed investor hopes of a quick economic rebound that had powered the Nasdaq to record levels last week.
COVID-19 Isn’t All Good News for Purell

COVID-19 Isn’t All Good News for Purell

By: Seth Stevenson
Source: Slate
Date of Publication: June 2nd, 2020
Can the company keep up with demand—and maintain its dominance in the hand sanitizer market?
Historical Data Shows Housing Market Will Boom After The 2020 Crisis, And So Will Bitcoin

Historical Data Shows Housing Market Will Boom After The 2020 Crisis, And So Will Bitcoin

By: Joseph Young
Source: Forbes
Date of Publication: May 24th, 2020
Historical data from the late 1990s show a financial crisis is often followed with a steep increase in housing prices. If real estate grows in a similar manner as the 2000s, safe haven assets like gold and potentially Bitcoin may follow.
Hertz files for bankruptcy

Hertz files for bankruptcy

By: Chris Isidore
Source: CNN Business
Date of Publication: May 24th, 2020
Hertz filed for bankruptcy Friday night, the latest victim of the sudden economic downturn sparked by the Covid-19 pandemic.
Travel slump could mean some luggage brands pack up for good

Travel slump could mean some luggage brands pack up for good

By: Parija Kavilanz
Source: CNN Business
Date of Publication: May 22nd, 2020
As the pandemic brought global travel to a grinding halt, it also decimated demand for new luggage. The effects are being felt across the board, from the world's largest travel luggage company, Samsonite International, to Away, a popular millennial direct-to-consumer luggage brand.
Fortune 500 - 2020 List

Fortune 500 - 2020 List

By: Fortune
Source: Fortune
Date of Publication: May 25th, 2020
Fortune announces the 2020 Fortune 500 companies.
China may become one of many hubs as companies diversify manufacturing after coronavirus shock

China may become one of many hubs as companies diversify manufacturing after coronavirus shock

By: Evelyn Cheng
Source: CNBC
Date of Publication: May 25th, 2020
The coronavirus is “a wake-up call for pretty much every company,“ said Gerry Mattios, expert vice president at Bain. “The number one item on the agenda is, ‘how do I build resilience in my supply chain?’” “China is still a very attractive total supply chain solution,” said How Jit Lim, a managing director with consulting firm Alvarez & Marsal. “There are very few countries in the world where you can find almost everything you need to build something.”
Exports are still important for China’s economy, which contracted by 6.8% in the first quarter amid the height of the coronavirus outbreak within the country.
Hertz Bankruptcy And Fleet Liquidation Threaten To Make Mess Of Used-Vehicle Prices With Burst Of 'Pent-Up Supply'

Hertz Bankruptcy And Fleet Liquidation Threaten To Make Mess Of Used-Vehicle Prices With Burst Of 'Pent-Up Supply'

By: Wolf Richter
Source: Seeking Alpha
Date of Publication: May 25th, 2020
Here come the “bankruptcy-remote special-purpose subsidiaries” and $14.5 billion in rental-vehicle-backed securities. The Chapter 11 bankruptcy filing of Hertz Corporation and its US and Canadian subsidiaries threatens to make a royal mess of used-vehicle wholesale prices. Further valuation pressures and bigger losses for Hertz creditors, the entire rental car industry, and leasing companies that also have to dispose of their vehicles.