Media – Blog
July 3, 2020
States across the U.S. set multiple single day records for new COVID-19 cases this past week. On June 27th, Florida reported 9,500 new cases, breaking its own record for daily new cases, which it set just a day earlier. Driven primarily by Southern and Southwestern states, the surge has forced
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June 18, 2020
The global tech supply chain is about to be turned upside down. Tensions between the U.S. and China, heightened in a two-year-long trade war, were already instigating conversations regarding relocating and reconstructing the supply chain. Now that the coronavirus has further exposed the limited geographic diversity and concentration levels in
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June 15, 2020
FOMC Meeting The Federal Reserve’s Open Market Committee met last week and Chair Jerome Powell spelled out a bleak outlook for the U.S. economy. The Fed’s year-end median expectation for the unemployment rate is 9.3%, with 2020 GDP growth projected at negative 6.50% and core PCE inflation at 1.0%. At
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June 11, 2020
Watch the webcast: Click the above video webcast by Capital Advisors Group EVP Stefan Spazek. Some managers of emerging growth companies who took out loans prior to the pandemic may now be confronting the prospect of violating covenants written into their debt agreements. Debt covenants are financial and/or performance-based requirements
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June 3, 2020
Funding markets are back from the dead. A little over two months ago, liquidity in short-term markets all but dissipated amidst a broader market panic in reaction to COVID-19. But fast action by the Fed prevented what might have turned into a full-blown liquidity freeze reminiscent of the one that
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June 3, 2020
Protesting Police Brutality Nationwide protests continued for the seventh day and night following the killing of George Floyd while in the custody of Minneapolis police. President Trump has considered invoking the Insurrection Act of 1807, which would allow the deployment of active-duty military personnel in response to civil unrest. The
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May 21, 2020
April Unemployment Report Shows Record Job Losses The April unemployment report released on May 1st reflected a loss of over 20 million jobs, and an unemployment rate over 14%. The number of newly unemployed in April wiped out the last decade of job gains, and the unemployment rate easily beat
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May 14, 2020
Trillions of dollars of support from the Fed have helped keep financial markets open. Trillions more from Congress are supporting consumers. But what will the next phase of the COVID-19 crisis bring? And what does it mean for institutional cash managers? You can find many of the answers in our
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May 7, 2020
The oil and gas industry is being hit hard from all sides, with a historic glut and a collapse in demand for oil occurring simultaneously. Given the current situation, drastic production cuts across the world will be necessary to support the oil market and limit its inevitable ripple effects on
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May 6, 2020
FOMC Meeting The Federal Reserve has taken extraordinary steps over the past six weeks to shield the economy from the massive fallout of the virus pandemic, including emergency interest rate cuts, massive bond purchases and the opening of multiple lending facilities to provide liquidity and backstops to the fixed income
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