The Fed bought a record amount of mortgage-backed securities last week. Its MBS buying spree in March triggered $5 billion in margin calls on routine hedges lenders place against rising interest rates– an existential threat to lenders. Apparently, crashing home prices are an even bigger threat in the Fed’s view. The scale of its housing…
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Assassin’s Creed Valhalla will launch on Oct. 15, according to an Amazon Italy listing. The leak appears to align with a similar retail store blunder listing a near-identical launch date. An October launch matches Ubisoft’s past release habits for the franchise. A listing flub on Amazon Italy may have leaked the Assassin’s Creed Valhalla release…
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GE is having a bad year, but new investors are flocking to the stock in droves. The company is facing multiple headwinds due to the coronavirus pandemic. There’s chatter that the 128-year-old conglomerate is on the brink of bankruptcy. General Electric (NYSE:GE) is having an unforgettable 2020. The stock is down nearly 50% year-to-date after…
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Steam just got a new feature called ‘play next’ that makes it easier to find games similar to others that you’ve played. The feature recommends games that a user owns but has never played before, helping to clear out some backlog. While the new feature is great, there are a few things that could do…
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Earlier this week, Epic Games demonstrated its brand new Unreal Engine 5 as a tech demo running real-time on PS5. An artist has recreated one of the scenes from the demo in PS4’s Dreams. Some of the technology underpinning Unreal Engine 5 was inspired by Dreams. Less than two days on from Epic Games’ dazzling…
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Bitcoin’s spot price briefly surpassed $10,000 early this week. Its one-year average price just crossed $9,500, a new all-time high. The largest cryptocurrency is up 37% year-to-date. As bitcoin’s price grinds toward $10,000, its performance over a much longer timescale reached a significant milestone this month. BTC’s One-Year Average Price While most traders focus on…
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Jim Cramer says the charts show another stock market crash is coming. Several negative catalysts suggest he could be right. The stock market is balanced on a knife’s edge right now, so downward momentum could be disastrous. After a multi-day selloff at the start of the week, the Dow Jones Industrial Average reversed course on…
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Dara Khosrowshahi was appointed Uber CEO in August 2017 to replace Travis Kalanick. The culture that evolved under Kalanick is alive and well, though. This week a U.S. Congressional Representative called the ride-hailing firm a “notoriously predatory company.” Uber (NYSE: UBER) CEO Dara Khosrowshahi came in three years ago to clean up the mess caused…
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April’s consumer spending data shows coronavirus decimated the U.S. economy. It’s unlikely to be a one-off dip as the consequences of shut-downs continue to creep into the market. The government’s stimulus has done very little to spur on spending. Consumer spending declined a whopping 16.4% in April as coronavirus lockdowns shut down vast swaths of…
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Xbox Series X is bound to have Mixer integration. But, the future of Mixer isn’t looking good. Microsoft’s next box is set up for failure in the live-streaming department. The Xbox Series X is an impressive piece of hardware. Even if its SSD isn’t as powerful as the PlayStation 5’s, Microsoft’s next box should deliver…
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