Prepare for a Massive Stock Market Meltdown & Explosive Gold Rally
Both the S&P 500 and gold are hitting new highs. The stock market could drop by 80% as the economy struggles to emerge from the pandemic. Gold could hit $2,300 this year. We shouldn’t expect a vaccine to be the cure to all the economy’s problems. The U.S. stock market keeps rising despite rising virus […]
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Trump Bashes Her: ‘Pathetic’…
WASHINGTON—President Trump publicly criticized Deborah Birx, one of his top health advisers, after she warned in a Sunday television interview that the country is facing a new phase of the coronavirus pandemic with “extraordinarily widespread” cases.In a Monday morning tweet, Mr. Trump accused Dr. Birx, the White House’s coronavirus coordinator, of unfairly knocking the administration’s…
Next-Gen PS5’s Crummy PS4 Controller Policy Isn’t ‘For the Players’
PlayStation has confirmed that the DualShock 4 controllers would only work with PS4 games on the PS5. Reactions have been split between people who don’t care and people who think it’s the worst news ever. No matter how you feel, it’s undoubtedly a sign of how restrictive the PS5 will be compared to the Xbox […]
Robinhood Traders Betting Big on Ford Motor Will Get Obliterated
Ford stock has dipped despite reporting an improved cash position and narrower losses in Q2 2020. Robinhood traders are loading up on the Ford stock. The truth is, Ford Motor Company is on borrowed time and will go bankrupt anyway. Despite reporting better than expected earnings last week, Ford Motor Company (NYSE:F) has continued its […]
Your TikTok App Could Become American. What Does That Change?
Now Playing 8/3/2020 11:54AM Only days after President Trump threatened to ban TikTok, Microsoft announced it is pushing ahead with plans to buy the U.S. operations of the hugely popular video-sharing platform. WSJ’s Eva Xiao looks at what it means for China’s hit internet export. Photo: Frank Hoermann/Sven Simon/Zuma Press Up Next Editor Picks Shelf…
TikTok Fuels Microsoft Rally, But Investors Shouldn’t Get Excited
Microsoft shares rallied over 4% Monday after the company confirmed talks with Donald Trump regarding its takeover of TikTok’s U.S. operations. The market is getting excited, but TikTok won’t earn Microsoft huge revenues. TikTok brings a fraction of the earnings of Facebook and Twitter, while Microsoft doesn’t have a great track record outside of enterprise […]
Apple Shares Are Playing a Dangerous Pre-Split Game
Apple announced a 4-for-1 stock split last week. Shares have since surged to new all-time highs. Retail traders looking to invest at the lower price will be sorely disappointed. Consumer tech giant Apple (NASDAQ: APPL) knows how to keep shareholders happy. During last week’s earnings call, the company announced it was doing a 4-for-1 stock […]
Ellen DeGeneres Goes AWOL as #ReplaceEllen Trends on Twitter
It feels as though Ellen DeGeneres has gone into hiding. #ReplaceEllen is currently trending on Twitter. Former fans of the show want Ellen gone – and it sounds like she wants out too. With her social media accounts uncharacteristically silent, it feels like Ellen DeGeneres has gone into hiding. Maybe it’s all for the best. […]
When Companies Favor Bullish Analysts on Calls, Bad News Often Follows
One or two quarters after such earnings calls, stocks of the companies have tended to fall on negative news, a study found. By Cheryl Winokur Munk Updated Aug. 2, 2020 8:30 pm ET Beware of companies that disproportionately call on bullish analysts to speak during earnings conference calls. They tend to later reveal negative news…
Remote Work Is Here to Stay. Bosses Better Adjust.
It was mid-June, three months after the Covid-19 crisis had forced the top executives in a fast-growing tech startup to leave their offices and work from home. Executives had believed this “work from home thing” would last a few weeks, one of the company’s vice presidents told me, so they treated it like a brief…
Cyber Daily: Florida Teen Talked Twitter Employees Out of Sensitive Data, Authorities Charge | Microsoft Works on TikTok Deal – Wall Street Journal
Aug. 3, 2020 8:24 am ET | WSJ Pro Good day. You’re only as strong as your weakest link, the conventional cyber-wisdom goes. As the July 15 attack at Twitter shows, sometimes employees are that flimsy link. Authorities say a 17-year-old in Florida called Twitter employees and got them to divulge details that eventually led to…
Signing Antonio Brown Is the Risk Every Single NFL Team Should Take
Former NFL wide receiver Antonio Brown has been under investigation by the NFL for months. Last week, the league ruled he’ll be suspended for at least the first eight regular season games this year. Brown says he wants to play. Will anyone roll the dice on such a talented but volatile personality? The wait is […]
Xbox Series X Could Beat Sony’s PlayStation 5 with Early Price Reveal
Australian Telstra customers have received messages concerning Series X pre-orders. According to the telecom giant, pre-orders will ‘open soon.’ Xbox boss Phil Spencer has teased a Series X event for later this month. Price reveal and Xbox Series S will likely feature. It sounds like an Xbox Series X price reveal and pre-orders may be […]
Tyson Foods Picks Former Tech Executive Dean Banks as New CEO – The Wall Street Journal
Tyson Foods Inc. will promote company president Dean Banks to chief executive, installing a former Silicon Valley tech executive atop the biggest U.S. meat company. Mr. Banks, who joined Tyson’s board in 2017 and became its president last December, will take leadership of the Arkansas-based company as the U.S. meat industry battles Covid-19. The…
Newsletter: Truth and Consequences
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