Weekend Warrior Couch Potato

Retail Industry

4 Iconic Department Stores That May Die from Coronavirus Crisis

They survived the Great Depression, the Great Recession, and the rise of online shopping. However, the economic crisis from the COVID-19 fallout may prove fatal for four famous stores you grew up with: Sears, JCPenney, Neiman Marcus, J. Crew.

HERE’S WHY →

Stock Market

OPINION: Stocks Will Revisit Coronavirus Crash Low

Renowned investor Mark Hulbert has analyzed U.S. market history and predicts the stock market will once again drop to its lowest crash point during the coronavirus crisis, and he has calculated the month when this will likely occur

SEE HIS PREDICTION →

Investing

Here’s What Goldman Sachs is Telling Wealthy Clients to Do in This Market

Silvia Ardagna, managing director in the investment strategy group within Goldman Sachs private wealth management, has a bullish view on the future of the market.

HERE’S WHAT GS ADVISES INVESTORS TO DO →

ALERT : Look who’s going Bankrupt Next in America

Universal Basic Income (UBI)

Jack Dorsey’s $1 Billion Pledge Sparks Conversation Around UBI

Several leaders in the tech industry have been pushing universal basic income for years. Jack Dorsey, Founder of Twitter, is one of the leading proponents of UBI. In response to the coronavirus pandemic, Dorsey is moving $1 billion of his Square stock to a limited liability company called Start Small, which will help fight the coronavirus. Once the pandemic is over, Start Small will focus attention on girl’s health, education, and UBI. Dorsey even tweeted out a link where you can track Start Small donations.

See Details →

Labor Market

Coronavirus Unemployment May Reach Depression Record, Say Economists

Estimates vary on how high the unemployment numbers will climb, but economists broadly agree the numbers will be grim, wherever the number ends up.

SEE WHAT ECONOMISTS PREDICT →

Insurance Industry

Insurance Companies Pressured by Politicians to Pay Out for Coronavirus

Lawmakers and regulators have begun pressuring insurers to go beyond the legal language of policies to get cash out to Americans during the economic shutdown caused by the coronavirus.

THESE 3 STATES PROPOSE FORCING INSURERS TO PAY BILLIONS OF DOLLARS →

Aerospace & Defense Industry

Boeing May Cut 10% of Its Payroll After Coronavirus Shuts Down Plane Manufacturing

With 160,000 employees worldwide, many people count on Boeing for a paycheck. This is why many who work for the company are nervous as Boeing is reportedly looking at a wide range of options to reduce its payroll by approximately 10 percent.

A SINGLE MOVE BY THIS GOVERNOR PROMPTED THE CUTS →

Tech Industry

Tech Titan Says U.S. Shouldn’t Bail Out Hedge Funds and Billionaires During Coronavirus Pandemic

Chamath Palihapitiya, Founder, and CEO of investment firm Social Capital, told CNBC on Thursday that the U.S. shouldn’t be bailing out hedge funds and billionaires right now. “On Main Street today, people are getting wiped out. Right now, rich CEOs are not, boards that have horrible governance are not. People are,” Palihapitiya, an early Facebook executive, said. “It would have been better for the Fed to have given half a million [dollars] to…”

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