Massive economic disparity today as certain businesses flourish and others fail. Certain businesses that were producing billions in revenue every year are now completely bankrupt. We are witnessing a scale of unlimited potential for failure. This presents future issues as well because the impact is truly unknown. The response from government? Stimulus checks and more Fed money printing. Excellent, that should work out nicely.
McDonald’s, Chipotle and Domino’s Are Booming During Coronavirus While Your Neighborhood Restaurant Struggles – WSJ
McDonald’s, Chipotle and Domino’s Are Booming During Coronavirus While Your Neighborhood Restaurant Struggles
The coronavirus pandemic is splitting the restaurant industry in two. Big, well capitalized chains like Chipotle Mexican Grill Inc. and Domino’s Pizza Inc. are gaining customers and adding stores while tens of thousands of local eateries go bust.
Air Canada Slashes Price of Transat Deal, Citing Covid Impact – Bloomberg
Trudeau Unveils New Plan to Help Companies Pay Rent – Bloomberg
Retirement: It’s Becoming Tougher Than Ever Because of Low Interest Rates – Bloomberg
Report: Crane counts in North American cities drop for first time since 2017 | Construction Dive
For the first time since July 2017, the number of cranes in North American cities has decreased, according to Rider Levett Bucknall’s newest crane count . The biannual count dropped by 40 cranes , 455 to 415, from Q1 to Q3 2020.
Transportation capacity hits new lows, ‘no relief in sight’ for pricing – FreightWaves
A September supply chain survey shows transportation capacity has reached new lows. The Logistics Managers’ Index (LMI), a survey of leading logistics executives, showed capacity fell to new lows, dipping another 770 basis points during the month to a 23.8% reading.
Robinhood Users Says There’s No One To Call When Accounts Are Hacked – Bloomberg
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The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.
The stock market has risen considerably throughout 2020. This was after going higher and higher for over a decade. This is due to cheap money, debt, expansion of money supply, low interest rates.
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