Global Macro / Markets / Investing:
- S&P 500 companies spent $7 trillion on buybacks and dividends and “been rewarded’ by coronavirus bailouts, says Social Capital CEO – MarketWatch
- How the Government caused the financial crisis. – Medium
- Stock futures rise with coronavirus small business funding and 3M, Apple and Amazon earnings in focus – Best Invest
- Bank of China Clients Said to Have $1 Billion Losses on Oil Bet – Bloomberg
- China Is Nowhere Near Replacing The Dollar – Forbes
Americas:
- Restaurants’ bailout problem: Unemployment pays more – Politico
- Public companies took far more small business loans than first thought — CNBC
- The Back-to-Work Math Gets Messy for America’s Newly Unemployed – Bloomberg
- With Millions Unable to Pay for Housing Next Month, Organizers Plan the Largest Rent Strike in Nearly a Century – The Intercept
- While one curve bends, the unemployment curve surges: 26.5 million Americans have filed for unemployment insurance as we inch closer to Great Depression figures – MyBudget360
- US COVID-19 cases top 900,000, deaths touch 52,000 – Yuv News
- USDA let millions of pounds of food rot while food-bank demand soared – Politico
- U.S. budget deficit will expand to almost $4 trillion this year, CBO says – Market Watch
Europe:
- Firms in tax havens axed from state bailout in Denmark, Poland – Business Insider
- French police seize 140,000 black market masks – BBC
- Coronavirus: UK could abandon China relationship, scrap Huawei deal – Business Insider
- Germany expects economic recession of 6.3% in 2020 – Economo
- Europe’s Economy was Hit Hard Too, But Jobs Didn’t Disappear Like in the U.S. – NPR
Asia:
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- Looming exit of US, Japan manufacturers adds to Chinese woes – Straits Times
- China’s industrial giants see profits collapse in first quarter of 2020: From January to March, China’s industrial giants’ profits were down 36.7 per cent, with the automotive sector suffering an 80 per cent collapse. – SCMP
- Asia shares edge ahead, eyes on BOJ easing – Reuters
- Daimler says China business picks up again: report – Channel News Asia
- Trade is off: Why Modi govt’s lockdown leeway is poor consolation for India’s exporters – Economic Times India
- China’s belt and road plan hits roadblock as virus pinches supply of materials and workers – SCMP
Trans-Tasman:
- Coronavirus app: will Australians trust a government with a history of tech fails and data breaches? – The Guardian
- Zali Steggall calls for probe of Coalition plan to underwrite gas, hydro and coal power – The Guardian
- JobSeeker payments start, bringing relief — and questions as to why it took the coronavirus pandemic to get a welfare boost – ABC
- Foreign Minister Marise Payne has slapped down a threat from Beijing that Australia’s call for a global independent review into the coronavirus pandemic would result in a Chinese consumer boycott of students and tourists and a downturn in exports – WA Today
- Liberals push government to stay the course on industrial relations – The SMH
- Has New Zealand really done better than Australia in controlling coronavirus? – ABC
- COVID-19 Will Hit the Already Marginalized the Hardest – Jacobinmag
- Australian Government’s $94 million crude oil purchase offers a simple economics lesson – ABC
- Coronavirus restrictions to ease in Queensland from next Friday – ABC
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