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“Energy and persistence conquer all things.” - Benjamin Franklin

American Airlines cuts American Airlines will lay off around 30% of its management and admin staff. Although the carrier says it is starting to see demand pick up again, it sees a few lean years ahead before the industry recovers. "We must plan for operating a smaller airline for the...

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“If you correct your mind, rest of your life will fall in place.” - Lao Tzu

Boeing cuts Boeing will reportedly announce 2,500 voluntary layoffs this week, representing the first phase of broader cuts that will involve roughly 16,000 job losses in total. Boeing hasn't made major layoffs for a few years, but union officials expect the initial wave of the new cuts to...

The II Fear Index: Investors Want the Fed’s Support, Even If It Increases Credit Risk Investment professionals believe that the Fed’s bond buying program has stabilized credit markets — but they worry about other side effects from the bailout shifts, according to II’s weekly poll. Julie...

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“The success of each is dependent upon the success of the other.” - John D. Rockefeller

“Stocks always go down faster than they go up, but they always go up more than they go down.” - David Gardner (AKA Financial Confucius)

DIGGING OUT As the country reopens, frozen industries show signs of thawing If we had to summarize the economic story of the quarantine era in a single symbol, it’d be hard to resist “scary red arrow pointing straight down.” But some of the industries that have been hit hardest by the pandemic...

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“Wings are freedom only when they are wide open in flight. On one's back they are a heavy weight.” ― Marina Tsvetaeva

"“I decided it is better to scream. Silence is the real crime against humanity.” ― Nadezhda Mandelstam

Aston Martin CEO Andy Palmer has stepped down from the helm of embattled British carmaker Aston Martin, and three directors have also resigned. The moves follow the collapse in Aston Martin's share price (down 98% in less than two years)—and were followed by a 40% boost to that share price...

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What Hedge Funds Own – and What It Says About the Market By Carleton English May 26, 2020 6:30 am ET Photograph by Spence Platt/Getty Images Hedge funds’ favorite holdings were boosted by a surge in trading activity by smaller investors, data from Goldman Sachs shows. The first quarter saw...

1-800-SPAM Robocalls ask: Miss us yet? Feel like no one is hitting you up in quarantine? You aren’t alone. Times are so tough that even trusty spam callers -- you know, the ones with the numbers only a few digits off from yours -- have started ghosting. The spam-call blocker YouMailsaysthat...

“The secret of getting ahead is getting started.” - Mark Twain

“Leave the bottom picking to proctologists.” - David Rosenberg