The Coronavirus Crisis Can Reshape America’s Future – For the Better

Amid the coronavirus pandemic, American life is up-in-the-air as President Trump warns of a “rough week” ahead. It’s important to analyze an “after” once the virus has run its course and no more confirmed cases are announced. The “after” will be co-dependent on what lessons the U.S. and other countries take heed of after the crisis. The coronavirus, or COVID-19, has been spreading and infecting countries globally since the beginning of January. U.S. Becomes Virus Epicenter The U.S. recently became the most infected country worldwide, with confirmed cases now exceeding…

Coronavirus Could Trigger Mortgage Market Crash as First FDIC-Insured Bank Falls

Mortgage holders could be in trouble as the first FDIC-insured bank falls in West Virginia. High-risk mortgage notes are vulnerable to being called, which would make mortgages due in full immediately. Mortgage holders are under pressure as the coronavirus pandemic sweeps America. West Virginia’s First State Bank became the first bank to fall after the coronavirus pandemic rapidly swept across the United States. The potential closure of more regional banks in the near-term poses an unexpected threat to mortgage holders in the near-term. Mortgage note calls may happen, which may…

Warren Buffett Will Shame All Value-Investing Doubters After Coronavirus Crisis is Over

Warren Buffett’s value-investing strategy trailed the broader market last year, inviting a wave of criticism. The Oracle of Omaha has said he tends to do better in bear markets. The coronavirus crisis has provided Buffett another opportunity to prove his mettle. Berkshire Hathaway’s (NYSE:BRK.A) equity portfolio has lost about $64 billion in value since the coronavirus-fueled market crash. The stock price of the Warren Buffett-led conglomerate has fallen by around 21% since the beginning of the year. Berkshire Hathaway’s losses year-to-date are slightly lower than the broader market. | Source:…

The Coronavirus Crisis Could Send Carnival Cruise Stock to Zero

Carnival Corporation will not be receiving a federal bailout amid the coronavirus pandemic. The company is diluting shareholders and raising massive amounts of junk debt to generate liquidity for the crisis. With a global recession on the horizon, Carnival is sailing into uncharted territory. And bankruptcy is on the table. The Diamond Princess cruise ship, with people quarantined onboard due to fears of the new COVID-19 coronavirus, grounded off the coast of Japan. | Image: Behrouz MEHRI / AFP It’s poetic justice for Carnival Corporation (NYSE: CCL) and other cruise…

Bitcoin’s Correlations With Global Financial Assets Soar Amid Coronavirus Crisis

Many investors hold Bitcoin (BTC) as a hedge against the global financial system. However, as the numbers show, Bitcoin has not been spared from the recent COVID-19 financial crisis. This article will analyze the movement of global financial markets and its correlation with Bitcoin during the COVID-19 crisis. We’ll consider the following sources as price measures for the following. The recent crash has really challenged Bitcoin’s claim as “digital gold” and puts its assertion as a financial “safe haven” to the test. Related: Is Bitcoin a Store of Value? Experts…

Nearly 1 Million Americans Could Die from Coronavirus

Donald Trump warned Americans to brace for a rapidly rising death toll in the coming weeks. Coronavirus has yet to reach its peak in the U.S., and when it does Trump believes it cold rival world wars. Trump could be inflating the figures to boost his own image. This weekend Donald Trump issued a terrifying coronavirus update: the death toll could rival that of the First or Second World Wars. It’s unclear exactly what Trump meant by his statement, but it suggests he’s preparing for a death toll near 1…

BIS Calls for Central Bank Digital Currencies Amid Coronavirus Pandemic

The Bank of International Settlements (BIS) has issued a report arguing in favor of central bank digital currencies (CBDCs) and digital payments amid the COVID-19 pandemic. The bulletin published by the BIS, a 600-member international financial institution representing the central banks of 60 countries, urges central banks to consider developing CBDCs in light of concerns regarding the spread of coronavirus through existing payment methods. BIS warns of COVID-19 transmission via credit card terminals The report notes a significant negative change in consumer attitudes regarding the use of cash in response to…

Bitcoin’s Hedging Performance in the Wake of the Coronavirus Outbreak

The recent coronavirus outbreak has far-reaching consequences beyond the spread of the disease and efforts to quarantine it. Recently, we’ve experienced one of the most severe stock market crashes in modern times: On March 9, 2020, the Dow Jones Industrial Average recorded a drop of -7.8%, which happened to be its worst single-day loss ever. However, on Thursday, March 12, 2020, the Dow then recorded the fifth-largest drop in modern history based on percentage points by a staggering amount of almost 10%. Unfortunately, the losses did not stop there. Four…

Blockchain Experts Weigh in on Russia’s Controversial Coronavirus Tracking App

Experts suggest that blockchain technology could have been a better solution for handling coronavirus-related data in Russia. Moscow’s COVID-19 App is pulled from Google Play On March 25, an app called “Social monitoring” appeared in Google Play store. According to the app’s description, it was designed for social monitoring as well as for providing access to emergency services. Users soon noticed that the app required many sensitive permissions, including geolocation, bluetooth pairing, biometric data, and calls. Notably, the data was also being openly transmitted without encryption. The backlash against the…

Coronavirus Ravages Puma as Apparel Makers Struggle to Preserve Cash

The coronavirus pandemic is forcing Puma to cut executive pay and suspend stock buybacks. Other sportswear giants, including Lululemon, have taken similar measures. Adidas went a step further and announced it would not pay rent on its shuttered retail locations. Puma’s (ETR: PUM) shareholders and senior executives are the first victims of the sportswear giant’s survival plan amid coronavirus. To conserve cash, Puma is suspending shareholder payouts and cutting or eliminating salaries. In a statement, the sportswear maker disclosed that it will suspend dividends and cut senior management’s pay by…