So what? THE GUARDIAN reports: Shortly before his defeat by Joe Biden was called, with the nation deeply divided, Donald Trump began his Saturday by tweeting inflammatory and unsubstantiated claims about voter fraud. Then he went to play golf. The president, the White House pool reporter wrote, appeared for the motorcade to his course...
CNBC reports: Stocks closed mostly flat on Friday as traders looked for clarity around the presidential and congressional election results. Sentiment was kept in check by better-than-expected U.S. unemployment data. The S&P 500 ended the session down less than 1 point at 3,509.44. The Nasdaq Composite rose less than 0.1% to 11,895.23. The Dow Jones Industrial dipped...
PRESS RELEASE November 05, 2020 08:00 ET – Business Growth Driven by Strong Airfreight Demand – Reported Net Income of $74.1 Million – Adjusted EBITDA of $196.3 Million and Adjusted Net Income of $82.7 Million – Raising Outlook PURCHASE, N.Y., Nov. 05, 2020 (GLOBE NEWSWIRE) — Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced third-quarter 2020 net income of $74.1 million, or $2.78 per diluted share, compared with...
THE HEISENBERG writes: The following short bit will come as no surprise to regular readers, and as such, I hesitated to give it separate treatment. But, I decided to go ahead with it as a kind of “quick hitter,” mostly because it serves as a useful addendum to last week’s piece documenting...
BBC reports: Prime Minister Boris Johnson has announced a second national lockdown for England to prevent a “medical and moral disaster” for the NHS. He said Christmas may be “very different” but he hoped taking action now would mean families can gather. Non-essential shops and hospitality will have to close for four weeks on...
JOC‘s Eric Johnson writes: There are going to be fewer jobs in logistics in the future. That’s not me forecasting some sort of global trade and domestic freight demand doomsday scenario. It’s me realizing that the volume and quality of software companies in the logistics automation space is growing at too fast a...
Deutsche Welle reports: France will enter a new coronavirus lockdown on Friday until at least December 1. French President Emmanuel Macron announced the new restrictions in a speech from the Elysee palace after an emergency meeting. New restrictions – People can only leave home to go to work, to go to school, for a medical...
It was a rather weak interim update from CH Robinson on Tuesday, which pushed down its stock as much as 5.5% in after-hour trade. Operating cash flow and working capital management were particularly poor in the first nine months of the year (page 12 here; check out the changes in receivables..). Expect more...
ZERO HEDGE reports: (Authored by Lance Roberts via RealInvestmentAdvice.com) I recently published an article discussing why “recessions” are a good thing by reverting debt buildups excesses during expansions. The argument against debt reversions is always the same in that “debt-to-income” ratios low. To wit: “One reason (of many) we don’t need a debt reversion is that household debt...
MARKETWATCH reports: Buckling under the resurgence of the coronavirus in Europe, the Spanish government on Sunday declared a national state of emergency that includes an overnight curfew in hopes of not repeating the near collapse of the country’s hospitals. Meanwhile, Italy’s leader imposed at least a month of new restrictions across the country...
