In this article, we take a closer look at some of the factors that led to this high-profile bankruptcy, and the post-bankruptcy efforts to contain the meltdown.

Founded in 1918, on the back of a fleet of 12 Model Ts, Hertz grew into one of the largest auto rental companies in the US. It filed for bankruptcy on May 22, 2020, after more than 100 years in business.

Saddled with around $23 billion of net debt, Hertz’s…

Echofin Trademarks “Where Traders Meet” Slogan

New York, June 2nd, 2020. Trading-focused communication platform Echofin has succeeded in trade-marking its longtime slogan “Where Traders Meet”.

Echofin has used this slogan since its inception. Since the platform is dedicated solely to bringing traders and trading teams together, the slogan is indeed an accurate one.

“We have been using this (slogan) from the beginning” — said Echofin’s Chief Communications Officer. “but many copycats started using it for their apps and websites, so we successfully trademarked it.”

Together with the recent launch of its new platform, the trade-marking of the slogan has solidified Echofin’s position as the best provider of trading-focused communication and cooperation services.

From its peak on February 19, 2020, the S&P 500 dropped some 29 percent in four weeks. It then rebounded on March 23. Several smaller bounces preceded this “proper” rebound. Now, almost three weeks after the turnaround, it is safe to call the March 23 low of 2,237, a more or less “solid” bottom. Or is it?

The drop was the result of COVID-19’s global economic impact. Or rather, that of the pandemic-fighting measures instituted world-over. With the global economy still in suspended animation, the rally the markets are currently seeing might not make logical sense to some. Let us not forget, however, that the markets are…

echofin

Where Traders Meet

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