VIX is a chart of “fear” and so far the fear has subsided, but it is showing a bullish divegence. What it means is that there is a possibility of fear coming back to the market.
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BBC News – Business- Could you have to pay your bank to save money?As countries take extreme measures keep the economy afloat, could we see negative interest rates?
- Coronavirus: UK government draws up plan to rescue key firmsThe government could aid strategically important firms impacted by the coronavirus pandemic.
- Fresh UK review into Huawei role in 5G networksThe National Cyber Security Centre involvement follows new US sanctions on Chinese telecoms giant.
- UK must agree 'air bridges', warn business groupsIndustries say the UK will be left behind, unless it relaxes quarantine rules with low-risk nations.
- Coronavirus: Jaguar Land Rover in talks over government loanThe carmaker is reportedly seeking more than £1bn in taxpayer support as the pandemic hits sales.
- Has the virus prompted an early mid-life crisis for some?'I've gone from a large office in Soho to painting in my bedroom,' says Cece Philips who quit her job to become an artist.
- Hertz: Car rental firm files for US bankruptcy protectionThe company said the coronavirus pandemic had led to an "abrupt" decline in bookings.
- Coronavirus: Leading economist warns of 10 years of depression and debtEconomist Nouriel Roubini - "Dr Doom" - has warned of a prolonged downturn and sluggish recovery.
- Coronavirus: The shops refusing to pay their rentAs the next quarter's rent falls due, who should pay it while businesses are closed?
- Specialist Leisure Group collapses into administrationMore than 64,000 bookings have been cancelled due to the collapse of Specialist Leisure Group.
- Could you have to pay your bank to save money?
- Reuters: Business News
- Japan to end Tokyo's state of emergency, eyes fresh $930 billion stimulusJapan will lift a state of emergency for Tokyo and remaining areas still facing restrictions on Monday, while the Nikkei reported a plan for new stimulus worth almost $1 trillion to help companies ride out the coronavirus pandemic.
- Asian shares reverse early gains, eyes on China-U.S. trade relationsA gauge of Asian stocks pared early gains on Monday amid souring relations between China and the United States, with Hong Kong shares extending losses on mounting fears about future stability in the city.
- China's Great Wall expects mild domestic auto sales growth in second halfGreat Wall Motor expects China's overall auto sales in the second half this year to return to the same level as last year, its president said, as the world's biggest auto market recovers from a coronavirus-driven low.
- Aston Martin chief to leave, Mercedes-AMG CEO to replace him: sourceAston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of Mercedes-AMG, a source familiar with the matter told Reuters on Sunday.
- Lufthansa to resume flights to 20 destinations from mid-JuneLufthansa , which is in talks with the German government over a 9 billion euro ($9.8 billion) bailout, will resume flights to 20 destinations from mid-June, including some holiday hot-spots, a spokeswoman said on Sunday.
- Most publicly listed companies keep U.S. small-business aid loansMore than four-fifths of publicly listed companies that received emergency small-business loans from the U.S. government have held onto them, sticking with a certification that they need the money, according to data from market research firm FactSquared.
- Air France must slash domestic traffic in exchange for state guarantees -ministerAir France will have to "drastically" reduce its domestic air traffic in exchange for state loan guarantees, French Environment Minister Elisabeth Borne said on Sunday.
- Hertz files for U.S. bankruptcy protection as car rentals evaporate in pandemicThe more than a century old car rental firm Hertz Global Holdings Inc filed for bankruptcy protection on Friday after its business was decimated during the coronavirus pandemic and talks with creditors failed to result in much needed relief.
- Jaguar seeks state loan as coronavirus pandemic takes toll: Sky NewsJaguar Land Rover is in talks with the British government about a request for temporary state funding of more than 1 billion pounds ($1.22 billion), Sky News said on Saturday, a report the company said was inaccurate.
- Wall Street Week Ahead: Investors look beyond drug makers as hunt for COVID-19 treatment heats upInvestors are diversifying bets in the healthcare sector, as the rush to develop treatments for Covid-19 has driven up prices for some pharmaceutical stocks.
- Japan to end Tokyo's state of emergency, eyes fresh $930 billion stimulus