Watch now: Mookie Betts Dodgers debut (1:57) On Thursday, superstar outfielder Mookie Betts made his debut for the Los Angeles Dodgers after signing a massive contract extension. The Boston Red Sox traded the 2018 American League MVP to the Dodgers in a February box office hit. Technically there was still …
Read More »Hertz to cut $ 6 billion in vehicle debt by year-end, lawyer says
(Bloomberg) – Hertz Global Holdings Inc. has struck a deal that will reduce its debt to lenders who financed its rental car fleet to less than $ 5 billion from $ 11 billion by December 31, it said on Friday the company’s chief bankruptcy attorney in court. . Under an …
Read More »Trump allows defense contractors to sell more armed drones to foreign military
A pair of MQ-9 reapers from the 46th Expeditionary Attack Squadron are stationed on the flight line at Ali Al Salem Air Base, Kuwait, June 9, 2020. Senior Airman Isaiah J. Soliz | U.S. Air Force WASHINGTON – President Donald Trump signed a measure this week that will allow US …
Read More »What is Plan B if there is no COVID-19 vaccine?
WASHINGTON – Americans struggling to worsen the coronavirus outbreak received some rare good news this week when researchers released encouraging updates on possible vaccines. Even Dr. Anthony Fauci, whose grim warnings have frustrated President Donald Trump, has consistently been enthusiastic about the prospects. © Provided by NBC News It is …
Read More »Can the Fed tame an avalanche of corporate distress? Bond investors are betting on it
The Federal Reserve has shown that it knows how to maintain the flow of credit during a crisis. But bond investors now also expect the Fed’s unprecedented stimulus in financial markets to change the course of the credit cycle – that is, preventing more companies from falling than expected just …
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