(Bloomberg) — Hedge funds and other short sellers are beginning to set their sights on a U.S. credit-derivatives index with outsized exposure to hotel debt as the pandemic sinks the hospitality industry into distress. The firms are starting to build up wagers against the synthetic index, known as CMBX 9, […]
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After a long lockdown, America’s ready for a little time off. But with the economy taking a beating, no one wants to pay for it. So is there a way to take a free vacation? Of course there is. “I long to get out and begin traveling again,” says Linda […]
Wendy Brown enters her room at the Cadillac Hotel in Venice on June 1 as part of Project Roomkey. (Genaro Molina/Los Angeles Times) An ambitious Los Angeles County plan to lease hotel and motel rooms for 15,000 medically vulnerable homeless people is falling far short of its goal and may […]
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AVON, Ohio — Charles Scott Salons & Spas is relocating from Crocker Park in Westlake to Avon, 34970 Detroit Road (across from Martin’s Deli). “Charles Scott Salons & Spas are super excited to be joining the Avon community hopefully in mid January,” said Kelli Hosso, general manager in an email. […]
Oh, God, please don’t make me do it. The U.S. stock market’s extraordinary, positive reaction to a nonfarm payrolls report that was about 50% below expectations — with only 245,000 jobs created in November — forced me to go to the BLS website and actually read the report. This is […]
Short lines, coronavirus precautions greet visitors to Germany’s largest theme park for the fall season As the coronavirus resurges in Europe, the last thing many families are thinking about is a theme park vacation. But this might be a good time to visit Europa Park in Germany. […]
Short selling allows investors to bet against a company by borrowing and selling its shares. This causes the stock to underperform, but it can also trigger explosive growth because of something called a “short squeeze” — which happens when a growth catalyst makes shares quickly rise, forcing short-sellers to cut […]