The case incidence of coronavirus is rising, raising fears that the initial economic reopenings were too much, too soon, and too fast. Adding to the nervous outlook, the White House has let it be known that it will seek a cap on future economic stimulus packages at $1 trillion. Considering that the last round of
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by John Ward The headline above is not news to those who are awake (as opposed to ‘woke’) but there remains a very real need to spread the word about media complicity in an increasingly corporate fascist world. Not surprisingly, Covid19 disinformation looms large. Facebook has had a facelift. It chose to launch it while the
July is turning out to be a good month for investors of social media platform Twitter (TWTR), with shares rising nearly 19%. The latest uptick came on the back of speculation Twitter is about to launch a new subscription-based service. In a jobs listing, Twitter said it was looking to hire a full-stack engineer to
A view of the charging Bull with a woman in New York City USA during coronavirus pandemic on April 25, 2020. John Nacion | NurPhoto | Getty Images Check out the companies making headlines before the bell: Intersect ENT (XENT), Medtronic (MDT) — Shares of Intersect ENT popped 35% after Bloomberg News reported Medtronic has made an
by David Haggith We are nearing that mid-point in July when I said we would start to see the news turn from euphoria-inducing reopening positives to depression-developing realism. Speaking of stock-market bulls who are stampeding uphill on the euphoria side, I wrote, Right now the farce is with them — reopening has arrived! And these stupid people
Not all biotechs are highflyers in 2020. Despite some pharma companies’ elevated coronavirus driven valuations, some have had to settle for more pedestrian performances. Take for instance biotech Biogen (BIIB). The large cap has had a middling 2020 so far, with shares down by 6% since the turn of the year. Might that be about
Photo by Defense.gov | CC BY | Photoshopped From Birch Gold Group In recent years, as the government has run annual deficits nearing $1 trillion, they’ve continued to hit the debt ceiling, which is supposed to keep spending in line. But each time, Congress has voted to raise the ceiling so they could continue paying obligations. These actions are not without controversy,
Traders work on the floor of the New York Stock Exchange shortly before the closing bell as the market takes a significant dip in New York, February 25, 2020. Lucas Jackson | Reuters Check out the companies making headlines before the bell Friday: United Airlines (UAL) — The airline reached a deal with a pilot union
The airline industry has been hit hard by COVID-19. Border closures and shelter in place measures brought the industry to a standstill during the virus’ initial wave, as air traffic was grounded across the globe. Whether the pandemic has peaked or not, United Airlines (UAL) upcoming flight schedule acknowledges normality is still a way off.
A customer leaves an ATM at a Wells Fargo branch in Denver. Rick Wilking | Reuters Check out the companies making headlines in midday trading: Gilead Sciences — Gilead gained 2.1% after saying its coronavirus treatment candidate drug, remdesivir, was associated with an improvement in clinical recovery and a 62% reduction in the risk of mortality compared
by: Mike Adams (Natural News) In an effort to push back against mandatory vaccines and Big Pharma control over legislators, a new health freedom Super PAC has launched, known as the United Medical Freedom Super PAC (MedicalFreedomPAC.com). Its mission statement is: To save our families and future generations from tyranny, restore and defend our medical and health
Investors weren’t exactly thrilled this week when dry bulk shipper Seanergy Maritime (SHIP) announced a deal to expand its cargo fleet by 10% by buying an 11th ship — the soon-to-be-renamed M/V Goodship, a 177,536-ton deadweight Capesize cargo hauler that was built 15 years ago. Priced at $11.4 million, the Goodship is expected to boost
Traders with masks work on the first day of in-person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. Brendan McDermid | Reuters The worst earnings season in years is about to begin, and it’s
Amazon.com Inc. (AMZN) is reportedly planning to offer at least $100 million in stock awards to retain the 900-plus employees of Zoox, the self-driving car startup it agreed to buy last month. The technology has an option to nix the $1.3 billion deal should large numbers of Zoox employees decide to turn down the job
Check out the companies making headlines before the bell Thursday: Walgreens Boots Alliance (WBA) — The pharmacy operator fell more than 3% in the premarket on weaker-than-expected results for its fiscal third quarter. Walgreens reported earnings per share of 83 cents, well below a FactSet estimate of $1.19 per share. The company’s fiscal-year earnings guidance
by Michael Snyder The last four months have been an unending nightmare for the U.S. economy. Businesses are shutting down at a pace that we have never seen before in American history, the “retail apocalypse” has reached an entirely new level that none of the experts were anticipating prior to this pandemic, and we are
Over the last few years, Advanced Micro Devices (AMD) has been a veritable gain machine. The huge market strides have come hand in hand with a bigger slice of market share, too. AMD has edged ever closer to rivals Nvidia and Intel and has steadily eaten away at the traditionally larger players’ dominance of the
A Redfin Corp. ‘For Sale’ sign stands outside of a home in Seattle, Washington. David Ryder | Bloomberg | Getty Images Check out the companies making headlines after the bell: Marathon Oil — The oil company’s stock climbed 1% in extended trading after falling 7.05% earlier Thursday. Oil dropped 3% during the day amid concerns over rising
by Chris Vermeulen of The Technical Traders Yes, we certainly live in interesting times. This, the last segment of our multi-part article on the current Q2 and Q3 2020 US and global economic expectations, as well as current data points, referencing very real ongoing concerns, we urge you to continue using common sense to help protect your assets
BP PLC (BP) has entered into a $1 billion joint venture with Reliance Industries Ltd. to set up operations in India’s fuels and mobility markets and meet the fast-growing demand for energy in the country. Under the terms of the venture, BP has paid Reliance $1 billion for a 49% stake in the joint venture and Reliance
by Helix I loved the way this article framed the issue so as to exclude some of the more egregious issues with MMT. I’ll just mention a few of them: 1) Deficit spending has so far led to little or no inflation? Seriously? Do you have kids in college? Have you been to the emergency room
A Harvard University graduate wears a mask on campus. Craig F. Walker/The Boston Globe via Getty Images Municipal bonds outperformed Treasurys in June and they could continue to see good demand this summer, even as the pandemic limits economic activity and strains state budgets. The muni market was hit hard during the market collapse in
Costco’s (COST) comparable sales rose 11.5% in June fueled by e-commerce revenue growth. Analysts had estimated an advance of about 4.2% in comparable sales for the five weeks ended July 5. E-commerce sales were up almost 86% during the reported period. On a geographical breakdown comparable sales advanced 11% in the U.S., 8.4% in Canada,
Nikola Motor Company Badger pickup truck Source: Nikola Motor Company Check out the companies making headlines in midday trading. Nikola — Shares of Nikola soared nearly 18% after JPMorgan hiked its rating on the controversial electric vehicle company to overweight from neutral. The bank said the stock looks attractive for long-term investors after a 40% plunge this month
Authored by James Rickards via The Daily Reckoning, Is the worst of the economic collapse over? Not really. The economy is off the bottom, but that’s only to be expected after the historic collapse of March–May and the stock market crash in March and April. The question now is not whether we’re growing again. We
Diversification is a tried-and-true strategy when investing in stocks. Drug maker Sorrento Therapeutics (SRNE) is applying the same thought process in its battle against the coronavirus. The multi-pronged approach involving a search for antiviral therapies, a vaccine and the production of testing kits, has paid off handsomely in the market, with the stock appreciating by
Shoppers walk past a Bed Bath & Beyond store in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines after the bell: Bed Bath & Beyond — The home goods retailer’s stock fell 11% in extended trading after the company released its first-quarter financial results. Bed Bath & Beyond reported a
from Daily Market Wisdom with Nick Santiago For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring
Tesla Inc.’s (TSLA) sales of its Shanghai-made Model 3 vehicles rose 35% in China in June, month-on-month, Reuters reported citing data from the China Passenger Car Association (CPCA). The U.S. electric carmaker last month sold 14,954 Model 3 vehicles up from 11,095 vehicles in May, and an increase from around 3,635 units in April, CPCA
Business spending showed some signs of green shoots in June, as manufacturers bought more equipment and spending shifted away from stay-at-home sectors to ones that could rebound in a reopening economy, according to Cortera, a software company which analyzes business-to-business credit transactions. But overall June spending was still depressed, down 10.9% from the same month