The S&P 500 forward P/E ratio is close to the level it was at the peak of the dot-com bubble. Nine sectors have forward P/E ratios above their 20-year averages. Stock prices keep rising while earnings are falling, and that is a sign that a market crash could be coming. U.S. stocks are trading at…
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Uber has made an offer to purchase Grubhub With the food delivery business booming during the coronavirus pandemic, it seems like a perfect time for UberEats to consolidate power. Unfortunately, the timing couldn’t be worse. Uber Technologies (NYSE: UBER) has apparently made an offer to acquire major UberEats competitor Grubhub (NYSE: GRUB). Wall Street loves…
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Reddit users have recently posted rumors regarding the latest entry in the Call of Duty series. The new game is supposedly going to be a soft reboot of Call of Duty: Black Ops Not only is a reboot completely unnecessary, but it’s also probably going to ruin one of the best FPS campaigns in gaming.…
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CNN announced today that they would include Greta Thunberg in a town hall discussion about the coronavirus. Twitter users were outraged that the network would claim Thunberg was a ‘coronavirus expert.’ CNN never called her an expert. She’s just a bright young woman, and Twitter users are the ones acting like children. Twitter users were…
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Norway is set to withdraw $37 billion from its sovereign wealth fund. The Government Pension Fund, also known as Oil Fund, must hold 70% of its portfolio in stocks. The fund’s move to expand its cash reserve suggests it foresees a stock market downturn. Norway will withdraw $37 billion from the Government Pension Fund, the…
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Mortgage applications for home purchases jumped 11% last week. This measure of homebuyer demand has climbed for four straight weeks. This is a bullish indicator, but the outlook for the housing market might be darker than this metric suggests. On the surface, conditions in the U.S. housing market appear to be looking up. Forbearance and…
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Boeing’s CEO expects a major U.S. airline to go belly up after the stimulus package funds are exhausted. American Airlines has the highest debt levels, lowest margins, and the highest employee overheads. Warren Buffett recently sold his entire stake in AAL as well as in three other carriers. Boeing (NYSE: BA) CEO Dave Calhoun predicted…
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XXL just asked Twitter users to pick their favorite album of 2011. Watch the Throne by Jay-Z and Kanye West was an overwhelming favorite. Sadly, neither artist has released anything notable since. XXL Magazine tweeted out a picture of albums from 2011 today and asked rap fans to pick three. It pulled from the archives…
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Tony Hawk’s Pro Skater 1 + 2 are finally being remade and released later this year. Vicarious Visions, the folks behind the Crash Bandicoot remake trilogy, are developing the remakes. Activision already locked the demo behind a paywall, which could be a sign of things to come. The Tony Hawk’s Pro Skater 1 + 2…
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Senator Rand Paul wants to reopen schools and businesses. The doctor recommends the Swedish response to COVID-19. The lockdown hawks don’t like it, but some of them are spreading misinformation about coronavirus while accusing Rand Paul of doing so. Senator Rand Paul trended Tuesday over remarks he made that some have perceived as spreading misinformation…
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