Article by nicholas

Article Info

Last Updated: 09 April 2020

Nicholas Say is originally from Ann Arbor, Michigan, and has a long-standing interest in the global financial markets. In addition to writing, Nicholas also enjoys making arsenal condiments.

Blackstone boss Steve Schwarzman: Virus will wipe $5trn from US economy

Author: Nicholas Say

Last Updated: April 9, 2020

Blackstone founder and chief executive Steve Schwarzman (pictured) said the effect of the coronavirus pandemic will be to wipe out almost a quarter of the […]

Neil Woodford protégé Mark Barnett sacked by investment trust after returns slump

Author: Nicholas Say

Last Updated: April 9, 2020

Mark Barnett (pictured), who took over from former star fund manager Neil Woodford, has been sacked as manager of a £400m investment trust for poor […]

Tesco under pressure to cut £550m dividend

Author: Nicholas Say

Last Updated: October 12, 2020

Supermarket major Tesco (LON:TSCO) is debating whether or not to suspend the payment of its dividend, worth £550mln, or 5.6p per share on Wednesday. The […]

Carnival stock falls by a third, raises $6bn in bonds and stock at deep discount

Author: Nicholas Say

Last Updated: April 2, 2020

Carnival (NYSE:CCL), the world’s largest cruise operator, said it raised $6.25bn by issuing new debt and equity on Wednesday, to keep its business going amid […]

Automakers face hard times on the forecourt during pandemic

Author: Nicholas Say

Last Updated: April 2, 2020

Both the Dow Jones Industrials and the S&P 500 just recorded their worst start to a calendar year in history. The DJIA fell by more […]

United Airlines stock slumps as investors weigh up warning of more job cuts to come

Author: Nicholas Say

Last Updated: April 1, 2020

United Airlines (NASDAQ:UAL) saw its stock slide by around 18% on Wednesday as investors continue to weigh up the carrier’s warning of more job cuts […]

Goldman Sachs Says Coronavirus: “Largest Economic Shock of our Lifetimes”

Author: Nicholas Say

Last Updated: March 31, 2020

Analysts at investment bank Goldman Sachs published a research note on Monday that made sweeping predictions about how the coronavirus outbreak will impact the global […]

Macy’s and Gap furlough 210,000 workers, stocks slide as retail crisis deepens

Author: Nicholas Say

Last Updated: March 31, 2020

Many companies are making cuts to their workforce, which is helping to reassure investors of their ability to weather the coronavirus outbreak. Both department chain […]

Bank stocks rise as lawmakers look to Wall Street to support US economy

Author: Nicholas Say

Last Updated: March 27, 2020

The S&P 500 added more than 6% to its value on Thursday, with some of America’s biggest banks leading the way. US bank stocks were […]

Netflix Stock lifts as Social Distancing Means More Streaming

Author: Nicholas Say

Last Updated: March 27, 2020

US and global stocks rose on optimism over government bailouts and central bank support for markets yesterday. On Wednesday the US Senate passed a $2trn […]