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News & Articles By Franz Walker
06/28/2020
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By Franz Walker
Cryptocurrency is dying as young speculators shift to Robinhood and zero-cost trading
Once the darling of daring young investors looking to get into trading on the cheap, cryptocurrency hasn’t really recovered since the 2018 crash. Now, these same investors seem to have found something new to put their money into – Robinhood. With its innovative “zero-cost” trading model, Robinhood has quickly gained a following among young, tech-savvy but […]
06/26/2020
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By Franz Walker
Struggling hospitals close due to “financial challenges” from the coronavirus outbreak
The Wuhan coronavirus (COVID-19) pandemic looks to claim some unlikely victims – hospitals. In a new report, the American Hospital Association (AHA) warned that hospitals and healthcare systems “face catastrophic financial challenges” in the midst of the ongoing pandemic. The report says that the increased cost of COVID-19 hospitalizations for hospitals, losses from services canceled because of […]
06/15/2020
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By Franz Walker
Coronavirus recession will hurt low-income and emerging market economies for years
As the world starts to recoup its losses over the economic carnage brought on by measures to stop the Wuhan coronavirus (COVID-19), it’s becoming clear that recovery will not be easy. A new study from the World Bank states that low-income and emerging market economies will remain deeply damaged five years after the pandemic. The ongoing coronavirus pandemic has already […]
06/14/2020
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By Franz Walker
Jobless claims fraud on the rise as coronavirus boosts unemployment
Authorities have warned that states are being hit with unemployment-benefit fraud amounting to billions of lost dollars. This comes amid historically high levels of jobless claims related to the Wuhan coronavirus (COVID-19) pandemic. “In a large-scale scam erupting in the midst of the Coronavirus pandemic, imposters are filing claims for unemployment benefits, using the names and personal information […]
05/26/2020
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By Franz Walker
Business is picking up, but economic recovery from the coronavirus is still far off
Business activity and labor markets in both the U.S. and abroad suffered a little less in May than in previous months, offering signs that the economic damage from the Wuhan coronavirus (COVID-19) pandemic is easing but will require some time to fully recover. Despite the cautious reopening of many economies around the world, surveys of […]
05/19/2020
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By Franz Walker
ANALYSIS: Grubhub and Doordash revealed as money losing scams that only exist to sucker naive investors
As Uber and Grubhub continue merger talks, questions are being raised over how food-delivery companies such as the latter, as well as rival DoorDash, are actually making money for their investors. In their latest round of merger talks, Grubhub rejected Uber’s offer of 1.9 of the latter’s shares for one of its shares, stating that the value was […]
05/15/2020
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By Franz Walker
Nearly 3 million jobless claims filed last week as coronavirus continues to ravage the economy
A total of 2.981 million Americans filed for unemployment insurance this past week, the Department of Labor reported Thursday. The figure raises the eight-week total for jobless claims to more than 36 million, by far the biggest loss in U.S. history. Last week was the sixth straight week in which new jobless claims have fallen. However, claims remain […]
05/14/2020
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By Franz Walker
Dubai in crisis as the coronavirus pandemic halts global trade
Dubai, a city built on the promise of globalization and free trade, is now under threat as the coronavirus (COVID-19) pandemic puts a stop to global economic activity. As flights have been grounded and investments halted, the emirate and its vast web of state-linked industries are facing billions of dollars in looming debt payments. “They facilitate the transport […]
05/08/2020
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By Franz Walker
Sysco warns of hard times ahead as coronavirus decimates restaurant industry
Sysco Corporation, America’s largest foodservice distributor, warned that coronavirus-related shutdowns of restaurants are leaving the industry in the worst state it has ever been in. The warning comes after the company reported a 6.5 percent decline in sales in its third quarter, which ended March 28 — one of its most significant quarterly reductions since 2009. […]
05/07/2020
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By Franz Walker
Mnuchin: “Too hard to tell” when international travel will resume as coronvirus ravages airlines
As the ongoing coronavirus (COVID-19) continues to wreak havoc on the airline industry, Treasury Secretary Steven Mnuchin advised Americans to focus on domestic travel this year. According to Mnuchin, the international travel outlook for the rest of the year remained uncertain. Responding to a question from Fox Business Network‘s Maria Bartiromo on whether international travel would be […]
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