US GDP shrinks 4.8% in first-quarter as companies continue to struggle

Global trends are creating ever-larger winners and losers. As seven years of future growth has already priced into Zoom’s current stock, General Motors shuts down Maven, Delivery Hero shuts down Foodora and Virgin Australia is up for sale! The U.S. economy shrank by an annualized 4.8% in the first quarter. The coronavirus led to “rapid changes in demand, as businesses …