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Americans fell behind on nearly 18 million credit-card and auto-loan payments last month

The CARES Act offered some flexibility to debt-addled Americans, but lenders are looking for new guidance as aid dries up, TransUnion said.
Wall Street stands empty as people stay away from the area due to the coronavirus on March 30, 2020 in New York City.

US investment-grade debt issuance tops $1 trillion on back of Fed purchases

The current pace of bond offerings trounces last year's, as $1.14 trillion in high-grade debt was issued through all of 2019.

Chesapeake Energy slapped with a rare ‘strong sell’ rating, $0 price target from Wall Street firm

Chesapeake has seen its market value fall more than 99% from $10.1 billion in 2015 to $125 million today, according to data from YCharts.
FILE PHOTO: Chamath Palihapitiya, Founder and CEO of Social Capital, presents during the 2018 Sohn Investment Conference in New York

Billionaire Chamath Palihapitiya says the economy is ‘completely divorced’ from the stock and bond markets — and issues a warning fo...

In case there was any doubt of what Palihapitiya thinks of the stock market, in a tweet posted Monday night he said, "THE MARKET IS TOO DAMN HIGH."
“All crises leave scars and this crisis assuredly will be no exception,” Andy Haldane said.

‘All crises leave scars’: One of Europe’s top economists said ‘dread risk’ from consumers could make coronavirus recessi...

Bank of England's chief economist Andy Haldane predicts higher savings by households and businesses could push the economy into a longer recession.
Sam Zell, founder and chairman of Equity Group Investments.

‘We’re all going to be permanently scarred’: Billionaire Sam Zell cautions the coronavirus will leave a Great Depression-level dent ...

A wave of bankruptcies is needed for economic recovery, but the virus' prolonged pressure on demand will drive more defaults than usual, Zell warned.
The new Boeing 787-10 Dreamliner sits on the tarmac before a delivery ceremony to Singapore Airlines at the Boeing South Carolina Plant in North Charleston

Investors are clamoring for new Boeing debt after the company’s $641 million first-quarter loss, report says

Investor interest in fresh debt issuance could total $75 billion, sources told CNBC, more than triple what Boeing was looking to raise.

Companies are set to issue record debt for a 2nd straight month — and Bank of America says it’s because the Fed ‘solved’ a loo...

Offerings totaled $22 billion on Monday, pushing the April sum to $229.7 billion and near March's $261 billion record, the bank said.
The map shows 2020 retail spend for key regions versus 2019 built up from the 49 countries covered, based on GlobalData forecasts.

Global spending on the retail industry is set to fall by a phenomenal $549 billion in 2020 as global debt swells

GlobalData anticipates global spending on retail to diminish by $549 billion in 2020 and global debt to surge in the first half.
US Senate Majority Leader Mitch McConnell talks to reporters after the Senate voted to acquit U.S. President Trump of both charges in his Senate impeachment trial in Washington, U.S., February 5, 2020.

Mitch McConnell says cash-strapped states hit by coronavirus should go bankrupt, rather than receive emergency federal aid

"I would certainly be in favor of allowing states to use the bankruptcy route. It saves some cities," McConnell said on Hugh Hewitt's radio show.