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Sunday Funday

The Bear Market newsletter is honored to be in your inbox as you begin a new week. We’ve collected some interesting financial and economic news for you today…Boeing plans to reopen by next week…Macy’s is looking for ways to stay open for business…. Oh, and here’s some good news! —it sounds like the NFL will be playing games on Sunday this fall!

Ah, normalcy. Sounds wonderful, doesn’t it?

Have a good read…

 

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Stock Market

Boeing Will Reopen Operations at Philly Area Plants Next Week

Boeing said on Friday it would resume operations at their Philadelphia production facilities starting next week after suspending operations for two weeks due to the coronavirus. The Philadelphia plants manufacture military rotorcraft including the H-47 Chinook, V-22 Osprey and MH-139A Grey Wolf. Boeing said on Thursday it will also be resuming the production of commercial jets next week in the state of…

Retirement Planning

   

5 Ways This Recession Hits Retirees Particularly Hard

Everyone is feeling the painful fallout from the coronavirus crisis that punched the economy in the mouth. Financial losses have been felt immediately and we also have seen our retirement funds dramatically shrink. Here are…

Drug Industry

   

During This Pandemic, Pharma’s Strength’s Emerge: Pipelines With Essential Drugs

The pharmaceutical industry might be one of the best places to take shelter as COVID-19 ravages the economy, given it’s focus on new products, a promising sales outlook, and…

Stock Market

Mark Cuban Moves to Cash Ahead of the Next Stock Market Downturn

Billionaire and Shark Tank investor Mark Cuban has decided to go to cash despite the recent rise in the stock market. He doesn’t think the bear market is over yet.

Retail Industry

Macy’s Looking to Boost Liquidity Through Borrowing Against Real Estate

Macy’s needs to raise extra cash and is considering a debt sale backed by real estate and other assets to do this.

Sports Industry

Atlanta Falcons Owner Makes NFL Fans Happy

Atlanta Falcons owner Arthur Blank said something on the NFL Network Thursday that got the attention of millions of raving NFL fans: he’s optimistic the league will play a full season in 2020. Up to this point, NFL Commissioner Roger Goodell has provided no indication that the season will be altered in any way. The league still plans to release its full schedule for the 2020 season on…

Retail Industry

Amazon Considers Coronavirus Tests for All Employees

Even the employees with no symptoms may still get a COVID-19 test from Amazon, according to reports. The tech giant is already performing temperature checks on all employees as soon as they come into work as part of a new set of safety measures implemented on…

Airline Industry

Airlines Grateful for Coronavirus Aid but Still Pessimistic About Future

$25 billion in payroll grants is going to many airline companies, including American and United, and these companies are happy to be receiving the aid. However, the record drop in air travel demand is in a ditch right now—revenues are down 90%. And nobody knows how long this drop in demand for air travel will last, which makes the industry pessimistic despite the helpful funds.

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