), companies rushed to borrow more money and boost their cash coffers on Tuesday, as the market turmoil fueled by a plunge in oil prices and the global coronavirus outbreak raised the prospect of an economic downturn.
“These are extraordinary times and we are taking these steps to manage the company prudently and conservatively,” Royal Caribbean Cruises Chairman and Chief Executive Richard Fain said in a statement. United Airlines Holdings Inc also said on Tuesday it had raised an extra $2 billion in financing while slashing its 2020 capital expenditures by more than a third.
Companies should cut all buy-backs immediately
Fake News 🐽‼️
Well, well, well... You mean no more stock buybacks & ridiculous, class-warfare inducing CEO compensation packages that give rise to disenfranchised embracing socialism? Good riddance. Asking for a friend. DonaldJTrumpJr seanhannity TuckerCarlson COVID2019 😷 QAnon 🇺🇸 🗽
You know if they just streamed Hulu with ads and cut back on the avocado toast maybe they could have saved up enough for a rainy day fund.
Exxon I imagine can weather this storm in spite of low oil prices. Royal Caribbean on the other hand, is going to be sunk.
3:17 AM · 11 мар. 2020 г.·True Anthem
1.99 at the gas pump. Just another Winning day in America!
Me also. Personally, I'm taking the poor man's path until this Administration is done.
Can you blame them...democrats are trying to tank the economy to hurt Trump with no care about who they destroy.
Precisely what happened in the first 3 months of the global crisis of 1929. They all hoard cash first, and then realise that their fiat money is becoming toilet paper. When that happens they all rush to Gold, Bitcoin, Hard Assets. There is no more Rate Cuts or effective QE left!
Is there a problem at the Fed?
Won’t help once mass inflation kicks in