by Martin Armstrong QUESTION: It would please me if you would comment on the subject of “Stakeholder Capitalism” vis-a-vis this article from Forbes. PR ANSWER: I have actually gone into detail on Schwab’s absolute Marxist philosophy of “Stakeholder Economics” economics where a corporation’s first loyalty is to the community and not the shareholders to the point it must
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Alphabet Inc. (GOOGL) has launched its first internet commercial service in Kenya yesterday using a fleet of floating balloons provided by its Loon division. Starting as a project in Alphabet’s X unit, Loon became one of the tech giant’s corporate spin-offs in 2018. The company will deploy 4G LTE service through Telcom Kenya using 35
Take a look at some of the biggest movers in the premarket: Novavax (NVAX) – Novavax was awarded $1.6 billion in funding from “Operation Warp Speed,” the government program aimed at speeding the development and delivery of a Covid-19 vaccine. The money will be used to complete late-stage studies, establish large-scale manufacturing, and deliver 100
by Island girl So here’s a timeline: In this paper from 2013, Dr. Peter Daszak, Dr. Shi and colleagues isolate and characterize a SARS-like coronavirus from Chinese horseshoe bats from a cave in Yunnan province (some distance from Wuhan). They discover that, like the epidemic strain SARS-Cov-1 (but unlike other SARS-like coronaviruses), the spike protein of
In contrast to the havoc wreaked by the coronavirus on many parts of the economy, Wall Street will be keen to gauge the extent of its positive impact on Netflix (NFLX) when the streaming giant reports 2Q earnings next Thursday. No doubt, Netflix has been one of the companies to benefit the most from the
A person dressed as Minnie Mouse walks in front of the Disney store in Times Square as New York City moves into Phase 2 of re-opening during the coronavirus pandemic on June 28, 2020. Noam Galai | Getty Images Check out the companies making headlines after the bell: Levi Strauss – The clothing company’s stock dropped
What can be said about Q2 2020 earnings expectations that hasn’t been said already? According to Factset we should be prepared to see S&P 500 profits decline by 43.8% year-over-year (YoY). It’s probably not even worth mentioning what that expectation was pre-COVID, but I will anyways… 4.4% on December 31. Q2 earnings season is on
by Lance Roberts Over the last quarter, the “Death of Fundamentals” has become apparent as investors ignore earnings to chase market momentum. However, throughout history, such large divergences between fundamentals and price have resulted in low future returns. This time is unlikely to be different. Biggest Decline In Earnings…Ever As discussed previously: “During the second quarter, analysts
Signage for Shake Shack Inc. is displayed on a glass door at the company’s restaurant in Shanghai, China, on Thursday, Jan. 24, 2019. Qilai Shen | Bloomberg | Getty Images Check out the companies making headlines in midday trading: Novavax — The biotech stock soared 29% after the company announced that it was awarded $1.6
Shares in Otonomy, Inc. (OTIC) spiked 15% in pre-market trading after the biotech company disclosed statistical data on its vertigo drug Otividex and “positive” trial results from its Tinnitus candidate Th stock surged to $3.66 in Tuesday’s pre-market trading. The biotech company said that statistical analysis demonstrated positive development of its ongoing Phase 3 clinical
A pedestrian walks by a sign in front of the Uber headquarters on May 18, 2020 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines midday Monday: Dominion Energy, Berkshire Hathaway — Berkshire Hathaway gained 2.2% after the conglomerate said it is spending $4 billion to buy the natural
via pjmedia: The Epstein scandal was one of many recent events that suggested the custodians had betrayed their stewardship. If culture is the mind of a civilization, no society can long survive the corruption of its own legacy and symbols. The photo of Ghislaine Maxwell and Kevin Spacey seated on the thrones of England as guests of Prince
Out on the Street, it’s full speed ahead. Despite the chaotic events of 2020, the S&P 500, which is coming off of its best quarter in more than 20 years, is down by only 2% year-to-date. Somewhat remarkably, the market has continued to charge forward as the number of new COVID-19 cases surges. As COVID-19
Madison County Health Officer Dr. Karen Landers has issued a health order requiring most people to wear face coverings in public places in Madison County to help prevent the spread of the novel coronavirus COVID-19. The order takes effect on July 7 at 5 p.m. “We need to do all we can to limit the
CEO of Tesla Motors Elon Musk reacts following the company’s initial public offering at the NASDAQ market in New York June 29, 2010 Brendan McDermid | Reuters Check out the companies making headlines after the bell: Tesla – The automaker’s stock rose 1% in extended trading. Tesla’s shares jumped 13.5% and hit a new high earlier Monday
Tesla Inc. (TSLA) CEO Elon Musk announced Sunday that Tesla is selling a pair of red shorts on its retail site- leading the site to briefly crash after the shorts sold out in minutes. Musk announced the sale through Twitter in what was widely perceived as an attempt to highlight short-sellers of Tesla’s stock. Indeed,
Strategists say two factors are helping give legs to the global stock market’s Monday morning surge – bullishness about China and the view that central banks will backstop markets. A front page editorial in state-owned China Securities Journal is getting credit for fueling a strong rally in Chinese markets overnight that spread to global equities.
Clothing retailer Lucky Brand Dungarees said it has filed for bankruptcy protection and has entered into a potential deal to sell its business operations. The U.S. retailer entered into a “stalking horse asset purchase agreement” with the SPARC Group. SPARC, an operator of lifestyle brands including Aéropostale and Nautica, is owned by Authentic Brands Group
by Michael Snyder What we are witnessing all over the country right now is incredibly sad. In the aftermath of the tragic death of George Floyd, it would have been wonderful to see the entire nation unite behind an effort to make our society less violent, more just and more peaceful. But instead, we have
Alphabet Inc’s Google (GOOGL) and Temasek Holdings are said to be in talks to join a funding round of between $500 million and $1 billion for Indonesian e-commerce giant PT Tokopedia. According to a Bloomberg report, Tokopedia, the online marketplace backed by Softbank Group’s Vision Fund, has also held talks with U.S. internet giants including
Pinterest Inc. (PINS) shares have risen after Facebook (FB) last week announced the removal of its image-sharing competitor, Hobbi app. Hobbi was part of Facebook’s push to create a viable competitor to Pinterest’s popular image-sharing and social media designer site. However, it was widely panned in user-reviews for emulating Pinterest too closely and ultimately failed
by Martin Armstrong First, there was John Bolton who claimed he was the smoking gun to impeach Trump. His book has revealed that he was not the smoking gun at all. Now we have Dick Cheney’s daughter, Liz Cheney, joining Bill Kristol in trying to overthrow Trump. You find elite Republicans are preferring a Democrat to Trump
If you are looking to hit a home run in the stock market, the NASDAQ Composite is a good place to start. The index is home to surging technology, internet, and biotech stocks. Despite the adverse effects from COVID-19, the index is up 25% over the past year, and recently hit a new all-time high.
Tesla Inc. (TSLA) exceeded analysts’ expectations for second-quarter car deliveries lifting its shares by more than 8%. The stock rose to $1,212.68 in early afternoon trading after the electric car maker said it delivered about 90,650 vehicles during the quarter. This compares with analysts’ estimates for about 74,130 vehicles. It delivered 80,050 units of its
E-commerce giant Amazon (AMZN) has again delayed its popular Prime Day event, according to a report from Business Insider. The extremely lucrative discount shopping event will now take place in October, according to the report, which cites Covid-19 uncertainty as the reason for the delay. Indeed, Amazon had already delayed Prime Day from its usual
BY JOHN RUBINO For the bond markets, covid-19 is apparently a great equalizer. Before the pandemic, Japan’s long-term interest rates were much lower than those of most other countries’, in part because Japan has been deeply in debt – and therefore under pressure to finance that debt with low interest rates – longer than the US
Shares in biotech Moderna (MRNA) fell 5% in Thursday’s trading following reports of delays in its key Covid-19 vaccine trial for mRNA-1273. According to Stat News, a 30,000-Phase 3 patient trial, expected to start on July 9, has been delayed due to protocol changes. If true, this could impair Moderna’s goal to release critical data
by visualcapitalist Billions of people around the world rely on their mobile phones every day. Even in a saturated market, mobile networks have continued to expand their reach. In the last five years alone, almost one billion additional people have gained access to mobile data services. Despite the growing prevalence of these networks worldwide, the cost of gaining
Chinese tech giant Baidu Inc (BIDU) has announced that it is increasing its investments in cloud computing, AI education, AI platforms, chipsets, and data centers in the coming ten years. The move comes as part of China’s “New Infrastructure” policy to accelerate economic growth and industrial upgrade. Under the plan, Baidu aims to have 5 million
A worker wearing a protective mask and gloves assembles face shields at the Cartamundi-owned Hasbro manufacturing facility in East Longmeadow, Massachusetts, April 29, 2020. The factory is making 50,000 face shields per week for hospitals in Massachusetts and Rhode Island, Governor Charlie Baker said. Adam Glanzman | Bloomberg via Getty Images As the economy moves