There are signs of life across numerous sectors of the economy, but a full recovery is nowhere in sight
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Monday related to the national and global response, the work place and the spread of the virus.
CASH BURN: Live to see another day has become a mantra for companies across all sectors, from restaurants to airlines. The Fed is using its tools to help, but most of the cash is being raised in the private sector.
— American Airlines will try to raise $3.5 billion to offset the cash it’s burning through with airports still largely empty. The Texas carrier will offer $1.5 billion in senior secured notes and it’s taking out a new loan of $500 million, due in 2024. American is raising another $1.5 billion through the sale of shares and convertible…
Source news reuters.com, click here to read the full news.