COVID-19 to bring $1 trillion of new global corporate debt: report - Business Insider

Companies around the world will take on as much as $1 trillion of new debt in 2020, a new study of 900 top firms has estimated.

The unprecedented increase will see total global corporate debt jump by 12% to around $9.3 trillion, adding to years of accumulation that has left the world's most indebted firms owing as much as many medium-sized countries. Companies tapped bond markets for $384 billion between January and May, and Meyer estimates that recent weeks have set a new record for debt issuance from riskier "high yield" firms with lower credit ratings.

Pre-tax profits for the same group of 900 companies have risen a collective 9.1% to $2.3 trillion. Gearing, a measure of debt relative to shareholder finance, hit a record 59% in 2019, while the proportion of profit devoted to servicing interest payments also rose to a new high.

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Inside the downfall of Civilized, the cannabis media startup - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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40% of people infected with COVID-19 are asymptomatic, a new CDC estimate says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. THIS is TOTAL BS! This viruses are 'wise, gaining sentience everyday and we still think we are the higher animals? Showing no symptoms how they know they are sick ?
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