The credit market is pricing the odds of default for General Motors at 49% as the economic collapse triggered by COVID-19 mitigation ripples through almost every industry. And so, like many other companies, GM is erring on the side of more cash is better and announced today it is drawing down $16 billion from its credit lines and suspending its guidance: General Motors announced today that [...]
Draws
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Only a few times in the decades-long history of cable news has the 24-hour news cycle been so focused on a singular topic as coronavirus. Networks are devoting resources to covering the impact on pretty much every facet of Americans’ lives and the impact internationally. The coverage became much more focused on the virus this week after states across the country announced closures of businesses and [...]
Beachgoers on the scene in Clearwater Beach, Florida, aren’t heeding the “social distancing” advice from the CDC, which has resulted in Twitter users not responding favorably to those soaking up the sun – casting those who aren’t “social distancing” themselves as selfish. The areal footage turned viral video posted to Twitter on Monday, shows a sunny and jammed packed beach – with people cooling off in the [...]
FALLS CHURCH, Virginia—Some of the loudest cheers during Amy Klobuchar’s latest pitch to Virginia voters were not for her lines lambasting President Donald Trump. Or for her pitch about getting things done in the Senate. Or for her rehearsed jokes. Sure, those all got ample applause. But something else caught voters’ attention here at the State Theatre on Friday afternoon. That is, the packed audience collectively [...]
Democratic presidential frontrunner Bernie Sanders has drawn both scathing criticism and applause from netizens after he accused US President Donald Trump of a “failure of leadership” over his response to Delhi violence. Sanders made a rare foray into India’s internal politics on Wednesday, shortly after Trump returned from a heavily-publicized trip to India, where he was given a red carpet welcome by PM Narendra Modi and [...]
CNN has failed a basic geography test, putting Germany much closer to Italy than it actually is, during a report on how the EU is combatting the novel coronavirus. Netizens showed no mercy to the network’s online team. News that Germany isn’t raising the alarm due to the 2019-nCoV outbreak in Italy prompted many established media to report on it, with CNN being no exception. The [...]