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The U.S. Housing Market Is Heating Up – And That’s Kind of Depressing thumbnail The U.S. Housing Market Is Heating Up – And That’s Kind of Depressing thumbnail

The U.S. Housing Market Is Heating Up – And That’s Kind of Depressing

By 3 days ago

House prices rose by 4.7% annually in April, despite a steep plunge in home sales. The rise adds to recent data indicating a recovering U.S. housing market, and potentially a wider economic recovery. That said, rising home prices and recovering sales figures point to a depressing trend for many prospective buyers. Home prices rose by […]

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Treasury Bonds Can No Longer Protect You Against Stock Market Volatility thumbnail Treasury Bonds Can No Longer Protect You Against Stock Market Volatility thumbnail

Treasury Bonds Can No Longer Protect You Against Stock Market Volatility

By 3 days ago

Government bonds could generate negative returns over the next five years because of unconventional monetary policy, warns BlackRock. The Federal Reserve is keeping interest rates anchored near zero and is buying Treasurys as part of its response to the pandemic. The benchmark 10-year U.S. Treasury yield plunged to record lows in March and has failed […]

The Disparate Racial Impact of Requiring a College Degree

By 3 days ago

In response to the senseless and brutal killing of George Floyd, major brands are flooding social media with statements in support of the black community. Bank of America followed up with a $1 billion philanthropic commitment. As of June 18, Fortune 100 companies had pledged more than $2 billion to demonstrate that they are listening…

Why Facebook’s Advertiser Boycott Is Destined to Be a Dud thumbnail Why Facebook’s Advertiser Boycott Is Destined to Be a Dud thumbnail

Why Facebook’s Advertiser Boycott Is Destined to Be a Dud

By 3 days ago

The list of advertisers joining the #StopTheHateForProfit boycott keeps growing. Don’t count on the campaign being more successful than the #DeleteFacebook movement, though. Facebook will only cave if it believes its advertising revenue faces a long-term threat. The #StopTheHateForProfit campaign targeted at Facebook (NASDAQ: FB) has led dozens of advertisers to pull their ad dollars […]

Dr. Dre Is Getting Divorced – Will His Ex Air His Dirty Laundry? thumbnail Dr. Dre Is Getting Divorced – Will His Ex Air His Dirty Laundry? thumbnail

Dr. Dre Is Getting Divorced – Will His Ex Air His Dirty Laundry?

By 3 days ago

Dr. Dre is getting divorced after 24 years of marriage. There is no prenup in place between himself and his soon-to-be ex-wife. Will Nicole Young air out his dirty laundry? Dr. Dre is about to be single again. After 24 years of marriage, Nicole Young has filed for divorce. She cited “irreconcilable differences.” There’s no […]

Putin’s 20 Years in Charge and What Could Be His Biggest Test Yet thumbnail Putin’s 20 Years in Charge and What Could Be His Biggest Test Yet thumbnail

Putin’s 20 Years in Charge and What Could Be His Biggest Test Yet

By 3 days ago

Now Playing 6/30/2020 9:42AM      During more than 20 years in power, Vladimir Putin has faced a number of challenges while pushing to expand Russia’s influence. But the coronavirus pandemic might be the biggest test to his leadership yet, as he moves to possibly extend his presidency until 2036. Photo: Getty Images Up Next Editor Picks…

Call of Duty Drops Another Obnoxious 30 GB Modern Warfare Update thumbnail Call of Duty Drops Another Obnoxious 30 GB Modern Warfare Update thumbnail

Call of Duty Drops Another Obnoxious 30 GB Modern Warfare Update

By 3 days ago

A new update is out for Call of Duty: Modern Warfare and Warzone, dubbed Season 4 Reloaded. The download size tallies up to 22-36 GB depending on the platform. Console players get a 3.5 GB secondary download. The new update heralds the return of 200-player Warzone matches. It’s tricky to feign surprise at this point, […]

CDC’s Deathblow to the Economy Could Mean Imminent Stock Market Plunge thumbnail CDC’s Deathblow to the Economy Could Mean Imminent Stock Market Plunge thumbnail

CDC’s Deathblow to the Economy Could Mean Imminent Stock Market Plunge

By 3 days ago

The CDC has all but confessed that the U.S. is losing control over the virus. V-shaped recovery theory will prove to be a fantasy when another wave of virus disrupts business. When the reality of a permanently scarred economy begins to hit the bulls, the U.S. stock market could undergo a considerable pullback. On Monday, […]

China Passes Hong Kong Security Law: What’s Next thumbnail China Passes Hong Kong Security Law: What’s Next thumbnail

China Passes Hong Kong Security Law: What’s Next

By 3 days ago

iOS 14, iPadOS, MacOS Big Sur, WatchOS 7: Changes Coming to Apple Devices 6/22/2020 11:25PM 6/22/2020In a virtual keynote for its annual WWDC conference, Apple announced new Phone, iPad, Apple Watch and Mac features. Without the typical live audience, WSJ’s Joanna Stern rounds up the most applause-worthy (and meh-worthy) news. Photo illustration: Laura Kammerman/WSJ

Netflix to Invest $100 Million in Black Community’s Financial Institutions

By 3 days ago

Netflix Inc. said it would shift 2% of its cash holdings to banks and credit unions that primarily serve Black communities to improve these financial institutions’ ability to offer loans to people and businesses. Many companies have moved to support organizations focused on social justice, education and racial inequality in the wake of nationwide protests…

Shell Takes $22 Billion Write-Down, Expecting Lower Oil and Gas Prices – The Wall Street Journal

By 3 days ago

LONDON—Royal Dutch Shell PLC is writing down the value of its assets by up to $22 billion because of lower energy prices caused by the demand-sapping coronavirus pandemic. The write-down follows one by BP PLC on a similar scale earlier this month. Lower oil and gas prices brought on by the pandemic and uncertainty over…

Fortnite Save the World is Good as Dead – And It’s Epic’s Fault thumbnail Fortnite Save the World is Good as Dead – And It’s Epic’s Fault thumbnail

Fortnite Save the World is Good as Dead – And It’s Epic’s Fault

By 3 days ago

Fortnite Save the World is the story-based side of Epic Games’ colossal battle royale title. In a recent blog post, the developer announced they would not be making the game free-to-play, as previously stated. Not only is this a scummy thing to do, but it’s a bad idea to boot. Epic Games sometimes get unfairly […]

In Los Angeles, an Economy Built on Freelancers Crumbles…

By 3 days ago

Candy Ibarra had six jobs at the beginning of 2020. Now she has none. By March, with a pandemic-stricken economy in free fall, a Target commercial in which she was going to perform was canceled, as were at least six other Hollywood projects. Non-acting jobs she had to help pay the bills, as a private…

PPP Loan Window Is Closing, With $134 Billion Still on Offer – The Wall Street Journal

By 3 days ago

WASHINGTON—When the Trump administration first launched its $670 billion pandemic relief program for small businesses, a mad dash to secure forgivable loans had many business owners worried there wouldn’t be enough money to go around. Three months later the application window for Paycheck Protection Program loans closes Tuesday with about $134 billion in funds available…

Dow Futures Slide on Fed’s Gloomy Coronavirus Recovery Bombshell thumbnail Dow Futures Slide on Fed’s Gloomy Coronavirus Recovery Bombshell thumbnail

Dow Futures Slide on Fed’s Gloomy Coronavirus Recovery Bombshell

By 3 days ago

Dow Jones Industrial Average (DJIA) futures slide on Tuesday, set to end June flat. Federal Reserve chairman Jerome Powell will issue a gloomy statement to Congress today. He’s expected to warn of an “uncertain” future but reiterate Fed support. Monday’s optimistic gains on the stock market were quickly dashed overnight. Dow Jones Industrial Average (DJIA) […]

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