GM to lend its auto factories to support production of ventilators in coronavirus fight

GM to lend its auto factories to support production of ventilators in coronavirus fight

General Motors on Friday announced it will lend its auto factories to support Ventec Life Systems' production of ventilators in the fight against the
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Bank of America boosts pay for tellers by $400 a month, cuts their hours amid coronavirus outbreak

Starting Monday, Bank of America plans on trimming the hours of operation at its 4,300 branches to 10 a.m. to 4 p.m., the person said. Most of its stores
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CA, NY On Lockdown; Mortgage Relief For Some Homeowners

Two of the hardest-hit states order residents to stay home in an effort to fight the pandemic. Plus what the World Health Organization has learned about
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8 High-Conviction Stocks to Buy on the Market Dip

Bank of America has a “buy” rating and $150 price target for KMX stock. Tempur Sealy International (TPX). Tempur Sealy is a global leader in
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Real estate agents in the Five Towns react to governor shutting down all 'non-essential' business

After Gov. Andrew Cuomo ordered all “non-essential” businesses to close, effective on the evening of Sunday, March 22, real estate agents in the Five
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Moratorium on Evictions and Foreclosures Signed

… of Housing and Urban Development, Fannie Mae and Freddie Mac would be suspending foreclosures and evictions for at least 60 days.
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A testing time for banks

“Banks are well capitalised, surpassing the requirements by Bank Negara. This provides a good buffer for them, ” Imran Yassin, a banking analyst at
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Business Notes: Down Day On Wall Street

And Freddie Mac reports the national average for a 30-year, fixed-rate mortgage dropped to 45 percent this week. However, most analysts expect
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How you can get financial help to get through coronavirus crisis

Fannie Mae, Freddie Mac and the Federal Housing Administration … Earlier this month, the agency that controls Fannie Mae and Freddy Mac said
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Investors have great interest in Old Republic International Corporation (ORI), WEC Energy Group …

Investors have great interest in Old Republic International Corporation (ORI), WEC Energy Group Inc. (WEC). March 20, 2020. By
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The Virus Hunter Showing the World How to Fight an Epidemic

The CDC declined a request from Bloomberg News for an interview with Jung, saying she doesn't have time to focus on anything other than fighting
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Taxes make Chicago real estate hard to sell

Chicago's high real estate prices and the lack of buyers might indicate a housing market bubble, one real estate agent said. Anthony Zammit, a
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The Coronavirus Impact? It's Big and Everywhere: (Podcast)

Jitendra Waral looks at shipments and hiring at Amazon.com. … 119 on SiriusXM, www.bloombergradio.com, and IPhone and Android mobile apps.
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America Closes Down: A Third of Citizens Told to Stick to Home

“You're doing sensationalism,” Trump told an NBC News reporter who asked for the president's message to a “scared” nation during a White House
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How Much Are Zhongtian International Limited (HKG:2379) Insiders Spending On Buying Shares?

The Last 12 Months Of Insider Transactions At Zhongtian International. Executive Chairman & CEO Jun Chen made the biggest insider purchase in the
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Banking as a Service (BaaS): The Bank behind the Bank

This is a well written article on how banks have transformed and the challenges associated with each of yesteryears technologies. Banks, especially
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Twenty-Nine Days of Carnage: The Canadian Market Rout in Charts

Photographer: Stephanie Foden/Bloomberg. Photographer: Stephanie Foden/Bloomberg. It has been a month like no other in financial markets.
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Europe's Banking Regulators Offer Flexibility Over Bad Loan Accounting

The Bank of England and the European Central Bank indicated banks should consider the virus a temporary shock and take government support
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Why Mortgage Rates Went Up This Week

As pressure to sell has pushed prices for mortgage-backed bonds down, their yields have gone up, which results in higher interest rates for mortgages.
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Trump Says He Wants Stock Buybacks Prohibited in Virus Stimulus

Source: Bloomberg). “I don't want to have stock buybacks,” he said Friday at a White House news conference. “I don't like buybacks. I didn't like them
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