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The Federal Resurrection Board

[The Wall Street Journal] Why investors are betting on the shares of bankrupt companies like Hertz. We thought we’d seen everything, but last week’s speculation in the shares of the bankrupt Hertz rental-car company is one for the financial books. The Federal Reserve now apparently has the power to raise […]

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Want to buy a used car? Rental car companies are offering up some good deals

[CNN] (New York) With travelers staying close to home and airports turned into virtual ghost towns, rental car companies have taken a huge hit during the coronavirus pandemic. On Friday Hertz, which also operates the Dollar and Thrifty agencies, declared bankruptcy. Industry experts expect the company to sell off a large portion of […]

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