AutoNation permanently lays off 3500 workers

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AutoNation permanently lays off 3500 workers

AutoNation is permanently laying off 3,500 employees at its Fort Lauderdale headquarters and at various U.S. dealership locations. The company said in a statement first reported by Automotive News that it was having to adjust to the “new normal.”.
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Most Stocks Were Lifted in the Recent Rally. But Don't Call It 'Wide Breadth' Yet.

Market breadth is often used to assess the overall health of the stock market and forecast its future direction. But market-breadth indicators can differ widely and lead investors astray. Often watched closely during bull markets, market breadth indicates whether …
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Coronavirus and CECL affecting regulatory capital at banks

The Financial Accounting Standards Board had already voted last November to delay the standard for the banks and credit unions that haven't yet
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Grantham Sounds Bearish Warning With GMO Cutting Exposure

Jeremy Grantham, well known for his bearish market calls, is sounding another one, saying the “current market seems lost in one-sided optimism when prudence and patience seem much more appropriate.” His comments come after his firm, GMO, said it was …
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Colorado Unemployment Claims Drop, But Totals Still High

DENVER (AP) — Colorado unemployment claims related to the coronavirus pandemic’s economic blows dropped for a seventh consecutive week, but nearly half a million workers have filed regular claims for benefits since the pandemic’s beginning, the state …
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