Finance
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Economists think coronavirus could push unemployment above Great Depression levels. Here’s why the pain won’t be as prolonged this time.
Bleak unemployment data and forward-looking projections suggest the US economy is doomed for a prolonged recession. Some forecasts for unemployment have exceeded...
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A Wall Street trading bonanza, how to benefit from the stimulus bill, and Silicon Valley steps up
Hello! I want to start this newsletter with an extract from an internal memo Citadel founder and hedge fund billionaire Ken Griffin...
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Everything we know about the coronavirus stimulus checks that will pay many Americans up to $1,200 each
Part of the $2 trillion stimulus package from the US government is one-time cash payments of up to $1,200 to Americans who...
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These 7 charts show how brutal the March jobs report was, and signal further economic pain ahead
The March jobs report surprised economists as it showed that the US economy lost 701,000 jobs last month compared to the 100,000...
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Wall Street’s new disaster playbook; top restructuring lawyers
Welcome to Wall Street Insider, where we take you behind the scenes of the finance team’s biggest scoops and deep dives...
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‘The whole world’s f—ed’: A former Goldman Sachs hedge fund chief says coronavirus fallout will cause the ‘largest insolvency event in all history’ — and warns of another 20% plunge in stocks
Raoul Pal, the former hedge fund manager who founded Real Vision, thinks the fallout from the coronavirus will have immense, far-reaching impacts...
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Warren Buffett’s Berkshire Hathaway sold nearly $390 million worth of Delta and Southwest shares this week
Warren Buffett’s Berkshire Hathaway sold nearly $390 million worth of shares in Delta Air Lines and Southwest Airlines this week, new SEC...
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Delta CEO: We’re losing $60 million a day as the coronavirus pandemic rages on (DAL)
Delta is burning through more than $60 million of cash each day, as it sees more than a 95% drop in demand...
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Nobel-winning economist Paul Krugman sees unemployment soaring to 20% in a matter of weeks
Dire jobless data this week revealed historic layoff activity through March, and Nobel Prize-winning economist Paul Krugman estimates the unemployment rate could...
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As fintechs face their first funding drought in 3 years, we talked to 11 top investors about what young companies should do to survive the downturn
Ben Savage, partner at Clocktower Technology Ventures Ben Savage, Clocktower Ventures Clocktower Ventures Notable investments: Chime, Sentieo, Tala Advice: The most likely...