TGIF

U.S. Economy

Inflation is Coming—Count on It

According to National Review writer Martin Hutchinson, there are too many factors that have occurred for anyone to not expect any inflation going forward in the coronavirus economy. Money printing, budget deficits, economic inefficiencies—no matter which economic theory you subscribe to, they all arrive at the same destination: more inflation.

SEE HOW MUCH INFLATION HE’S PREDICTING →

European Economy

Coronavirus Lockdown Slams Europe’s Economy

Europe has seen their economy take a massive hit in April from the coronavirus lockdown. Government restrictions have been heavy, leaving companies scrambling to survive. An estimate of private-sector activity in the euro area plunged to just 13.5 from 29.7 in March. The drop was much sharper than expected by economists and marks the lowest reading for…

READ MORE →

Restaurant Industry

Report: U.S. Restaurants Face $80 Billion Revenue Loss by Month’s End

The National Restaurant Association released its researched results on the U.S. restaurant industry, and it wasn’t pretty: What they found in the fallout of the coronavirus shutting down more than one million U.S. restaurants was this: combined March and April losses of $80 billion, and up to $240 billion by the end of the year.

SEE MORE HIGHLIGHTS OF THE RESEARCH →

Capitalism

Billionaire Says Coronavirus Will Change “Capitalism as We Know It”

Some recent comments from billionaire Leon Cooperman raised a lot of eyebrows on Wall Street and in D.C. Cooperman is the Founder, Chairman and Chief Executive Officer of Omega Advisors Inc. and while speaking Thursday morning on CNBC he listed 10 specific ways the coronavirus has impacted capitalism.

SEE 10 Ways Capitalism Has Been Changed By COVID-19 →

Candy Industry

Hershey Reports Consumers Buying Fewer Snacks and Sweets

Candy companies like Hershey are also feeling the pinch from soaring unemployment, with the snacks and sweets company reporting a sharp decline in sales in recent weeks after an initial bump in the wake of the lockdowns…

READ MORE →

Airline Industry

Southwest CEO Fights to Prevent First Layoffs in Company History

if the pandemic shutdown continues, customers of Southwest Airlines can expect to see the company shrink in size. Gary Kelly, CEO of Southwest said in a video to employees on Thursday that the company will be able to continue paying employees for five months, but if the situation doesn’t improve by September, it could be “a drastically smaller airline.” The airline has received its first payment from the CARES Act and is cutting costs, but things are going to have to improve by the fall or the company will be in big trouble. “We are burning through cash and it is an alarming rate. That’s the reality we…”

READ MORE →

Meat Industry

Another Meat Processing Plant Gets Shut Down

Coronavirus concerns have closed another meat processing facility—Tyson Foods announced on Thursday it is temporarily halting production at another one of its meat plants in Pasco, Washington. 1400 employees are from the plant are being asked to self-isolate and will be paid during the closure. The reopening will depend on the outcome of tests conducted by three surrounding counties. Reopening will depend on…

READ MORE →

Real Estate

Coronavirus Prompts Fed to Approve Bank Delays on Appraisals, Causing Concern from Experts

The government is now allowing banks to postpone appraisals in the real estate market in an effort to prevent any delays in extending liquidity to financially strapped Americans. The Federal Reserve, the Federal Deposit Insurance Company and the Office of the Comptroller of the Currency released an interim rule for the industry this week stating that banks will…

READ MORE →

💬 Have any feedback on this Edition? Tell Us