Tuesday, March 31, 2020

Monday, March 30, 2020

States move to quarantine returnees, stop migration amid Covid-19 lockdown

  March 30, 2020   ,   No comments   Edit
The continuing movement of migrants has prompted authorities in states such as West Bengal, Chhattisgarh and Bihar to issue directions for keeping all those returning home under mandatory 14-day quarantine.

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Challenging Times Ahead for Boeing Stock; 5-Star Analyst Slashes Price Target

  March 30, 2020   ,   No comments   Edit
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Challenging Times Ahead for Boeing Stock; 5-Star Analyst Slashes Price TargetIt has been a rollercoaster month for investors of beleaguered airline Boeing (BA). To recap: the stock dropped during the first three weeks of March all the way down to $95 per share, an amazing loss of 66%. However, last week’s relief rally saw the share price reclaiming 70% of its value. Will the volatility continue? Possibly, as there are currently a wide variable of unknowns concerning the A&D giant’s future.Nevertheless, Credit Suisse’s Robert Spingarn slashed his price target on Boeing shares to $187 (from $367), which still implies about 23% upside from current levels. Despite the profit potential, the analyst can't quite see his way clear to actually recommending "buying" BA stock, assigning the shares only a "neutral" rating. (To watch Spingarn’s track record, click here)Questions have been raised concerning Boeing’s financial health, following a request for $60 billion in federal aid to assist its ailing ecosystem. Last week’s developments, along with the dividend cut and the firm’s latest modeling, leave the 5-star analyst “reasonably confident in BA’s ability to contain near term liquidity/dilution risks.”The larger concern for Spingarn remains the “highly uncertain landscape for the OE recovery in ‘21+.”The analyst notes that revenue passenger kilometer (RPK) recovery in H1’21 could be impacted by further COVID-19 mitigation actions. Looking further ahead to H2’21 and beyond, along with a possible reduced demand for business travel due to the rising popularity of video conferencing, the financial impact of the coronavirus on consumers’ leisure spending power could further impact RPK recovery.And although lower fuel prices could translate into lower ticket prices, offering a counter relief to the aforementioned issues, Spingarn reminds investors that there are further complications. “Low oil improves the unit economics of operating older aircraft, disincentivizing the purchase of new tails. At the same time, MAX delays offer some airlines a contractual escape to cancel orders—a bad combo for BA. And while demand for new aircraft could be challenged for years, the near term nevertheless promises a boost for supply as MAX returns to service. BCA’s end-market could therefore be facing a dual supply/demand shock which may result in an extended period of indigestion and “lower for longer” production rates,” the analyst said.Among other Street analysts, Boeing currently holds a Moderate Buy consensus rating based on 6 Buys, 13 Holds and 1 Sell. At $211, the average price target promises returns in the shape of 39%, should the figure be met in the months ahead. (See Boeing stock analysis on TipRanks) More recent articles from Smarter Analyst: * When Will Apple’s 5G-Enabled iPhone 12 Launch? Analyst Weighs In * Don’t Buy Roku Stock, Says Analyst; The 'Coming Recession' Is a Risk * Cytosorbents's Blood Purification Technology Could Play Important Role in Fighting COVID-19; Analyst Says 'Buy' * 2 "Strong Buy" Stocks with Solid Long-Term Upside




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COVID-19: Nushrat is trying out Insta filters!

  March 30, 2020   , , , ,   No comments   Edit
The use of social media is at its peak as almost the entire world is under lockdown to stop the spread the Coronavirus. Several celebs have been sharing pictures and videos on their respective handles of what they are doing the lockdown period.

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Salman mourns the demise of his nephew Abdullah

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Salman Khan took to his Instagram to express his loss as his nephew Abdullah Khan passed away. Reportedly, the reason behind Abdullah's demise is a lung infection. He took his last breath in a Mumbai hospital.

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Aparshakti: Should come out as a better person

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Actor Aparshakti Khurana believes the coronavirus lockdown will teach people many important lessons about life.

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Red Sox LHP Sale has Tommy John Surgery

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Red Sox starter Chris Sale had Tommy John surgery on his left elbow on Monday, his 31st birthday, waiting 11 days after doctors said he needed the operation because of difficulty in scheduling during the coronavirus pandemic. Red Sox chief baseball officer Chaim Bloom said the team worked with doctors to make sure the procedure didn't burden an already-stressed healthcare system. "Under normal circumstances we might have been able to have it happen a little bit sooner," Bloom said on a conference call with reporters.



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Sunday, March 29, 2020

'This virus is no joke': Kentucky officials don't wait for surge of coronavirus cases to tighten restrictions

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Determined to slow the wave of cases seen in other states, Louisville’s mayor closed all playgrounds after he worried that some residents weren’t taking social distancing seriously.

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Living in isolation is hard... but it's not without benefits, writes Abhilash T...

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Naval officer Abhilash Tomy says living in isolation is not without benefits. It is a time to blow the dust off those books and read, to make those calls which you have been deferring, to practise a hand at cooking, to make paper planes and to pursue those innumerable things that you postponed because you felt you never had the time.

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Covid-19: What you need to know today

  March 29, 2020   ,   No comments   Edit
Coronavirus update: India’s promptness in scanning travellers, restricting and then entirely barring international travellers from entering the country, and announcing a nationwide lockdown (include complete cessation of train and air travel) till the middle of April should start kicking in now, hopefully flattening the curve.

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Covid-19 update: Turmoil caused by coronavirus likely to hit gig economy

  March 29, 2020   ,   No comments   Edit
The immediate impact of the Covid-19 scare is likely to happen in the gig economy with people remaining apprehensive of any physical contact and thus refraining from availing most such services such as ordering cabs and food to grooming services at home and staying in shared spaces.

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Coronavirus update: Medical students in final-year MBBS, PG may join Covid-19 f...

  March 29, 2020   ,   No comments   Edit
Covid-19 update: There were just over a million doctors registered with state medical councils in 2017, of which only 80% were estimated to be in active service, according to the government. This means, India has one doctor for every about 1,500 persons; World Health Organization (WHO) norms suggest that there must be one doctor for every 1,000 persons.

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Oil Plummets to 17-Year Low as Broken Market Drowns in Crude

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Oil Plummets to 17-Year Low as Broken Market Drowns in Crude(Bloomberg) -- Crude dropped to its lowest in 17 years as virus lockdowns cascaded through the world’s largest economies, leaving the market overwhelmed by cratering demand and an unmanageable surplus.Futures in London fell as much as 7.6% to their lowest since November 2002 while also slumping in New York to trade below $20 a barrel. Physical oil markets are struggling to store fuel, hit by a double whammy of coronavirus restrictions eroding demand while Saudi Arabia and Russia dig in their heels over a damaging war for market share.The kingdom said on Friday that it hadn’t had any contact with Moscow about output cuts or enlarging the OPEC+ alliance of producers. Russia also doubled down, with Deputy Energy Minister Pavel Sorokin saying oil at $25 a barrel is unpleasant, but not a catastrophe for Moscow.“Demand concerns are critical but well known, what really took the market down were the signals we got from Saudi Arabia and Russia that they intend to continue their current path,” said Vivek Dhar, a commodities analyst at Commonwealth Bank of Australia. “Market hopes of a deal have come undone.”OPEC nations aren’t giving support to a request from the group’s president for emergency consultations over tanking prices, according to a delegate. Algeria, which holds the cartel’s rotating presidency, urged the secretariat this week to convene a panel that assesses market conditions but the request has failed to gather the majority backing necessary to go ahead. Riyadh is among those opposing the idea.The world normally uses 100 million barrels of oil day, but traders and analysts reckon as much as a quarter of that has disappeared in just a few weeks. The accelerating plunge in consumption is without precedent since a steady flow of oil became essential to the global economy more than a century ago. The great crash of 1929, the twin oil shocks of the 1970s and the global financial crisis don’t come close.Brent crude for May lost as much as $1.90 to $23.03 a barrel on the ICE Futures Europe exchange before trading at $23.54 at 9:54 a.m. Sydney time. West Texas Intermediate fell as much $1.59 to $19.92 a barrel on the New York Mercantile Exchange before trading at $20.29.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.




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Asia shares under threat as futures fall early

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Asia shares under threat as futures fall earlyAsian share markets looked set for a rocky start on Monday as U.S. stock futures took an early spill amid fears the global shutdown for the coronavirus could last for months, doing untold harm to economies. Rodrigo Catril, a senior FX strategist at NAB, said the main question for markets was whether all the stimulus would be enough to help the global economy withstand the shock. "To answer this question, one needs to know the magnitude of the containment measures and for how long they will be implemented," he added.




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Trump Said He Was the President of Manufacturing. Then Disaster Struck.

  March 29, 2020   ,   No comments   Edit
https://ift.tt/UJ8wUr a leader who has embraced the language of a wartime president, it is as if the Pentagon asked for missiles and bombers but wouldn’t say how many or where they should be delivered.

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Saturday, March 28, 2020

'70,000-ton message of hope': Trump sees off Navy hospital ship as it heads for NYC

  March 28, 2020      No comments   Edit
President Donald Trump left Washington for the first time in nearly two weeks to visit a Navy hospital ship dispatched to New York City to add some much-needed hospital support amid the coronavirus outbreak.

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New York City police lose their first sworn member, a detective, to coronavirus

  March 28, 2020      No comments   Edit
News of the detective's death comes after the New York Police Department said Friday that 442 uniformed employees have tested positive for the coronavirus along with 70 civilian employees.

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Hedge Funds Aren’t Crazy About Yamana Gold Inc. (AUY) Anymore

  March 28, 2020   ,   No comments   Edit
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Hedge Funds Aren’t Crazy About Yamana Gold Inc. (AUY) AnymoreWe hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]




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How $2T coronavirus stimulus bill will help movie theater owners

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How $2T coronavirus stimulus bill will help movie theater owners Yahoo Finance's Alexandra Canal breaks down how the $2 trillion stimulus bill will help aid struggling theater owners as the global box office suffers amid the coronavirus pandemic.




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NCAA medical advisors warn athletes: Don't share weights or balls as coronavirus fight may last months

  March 28, 2020      No comments   Edit

NCAA medical advisors gave college athletes training advice, like not sharing weights or balls, but cautioned coronavirus battle could take months.

      


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