The S&P 500 just marked its best month since 1987. But “zombie” companies that barely earn enough to service interest on corporate debt outperformed the index by more than ever before in April. Even the usually bullish Jim Cramer says, “The market got ahead of itself,” and advises to wait “for the market to go…
READ MORE
The White House appears to be preparing for more than 100,000 coronavirus deaths. Donald Trump has been downplaying the threat of the virus, leading to a divide among Americans. His failure to communicate the danger of a second coronavirus wave could be responsible for the misinformed protestors disregarding social distancing rules. In January, when the…
READ MORE
Warren Buffett is still sitting on a $137 billion cash pile. Instead of “buying the dip” Berkshire Hathaway went selling in Q1. That’s a gloomy stock market prophecy from the Oracle of Omaha. The 2020 bear market isn’t over yet. Berkshire Hathaway’s (NYSE:BRK.A) first-quarter report for 2020 proves Warren Buffett expects another stock market crash…
READ MORE
U.S. unemployment has hit 30.3 million people. This will push next week’s official unemployment rate well about 13%. Unemployment during the Great Depression was above 14%. The longer U.S. unemployment rises due to our response to coronavirus, the greater our depression, all the way to the Great Depression. COVID-19 causes physical anguish and death, but…
READ MORE
E-commerce stores saw a 50% increase in bitcoin-based purchases of cannabis and video games during the pandemic lockdown. Coronavirus has revealed people’s priorities, as general digital product sales take a fall. Bitcoin, stoners and gamers–the holy trinity of overlapping essentials amid this lockdown? Stoners and gamers have turned to Bitcoin during the coronavirus lockdown, as…
READ MORE
AMD recently struck a deal to boost its cloud gaming prospects. AMD is a key supplier for Sony’s PS5 console. The advantages and advancements in cloud gaming pose a threat to the PS5. Advanced Micro Devices (AMD) is a key ally of Sony in the gaming console business. The chipmaker powers the PlayStation 4 with…
READ MORE
Microsoft announces an Xbox Series X gameplay reveal event for May 7. However, the event will not feature gameplay from any Xbox Series X exclusives. Fans will have to wait for a larger event, likely held in June, for Xbox Game Studios announcements. On May 7, Microsoft will be holding an Xbox Series X gameplay…
READ MORE
The ISM Manufacturing Index showed output declined 15% in April. But a Wall Street analyst says it’s much worse than it looks. Manufacturing was already in recession before the coronavirus crisis. U.S. manufacturing declined steeply in April. As measured by the ISM Manufacturing Index, industrial production in the United States fell to an 11-year low…
READ MORE
The Dow Jones has bounced 30% of its March lows in a move that left many in disbelief. Anger is growing as the stock market climbs in the midst of a devastating health and economic crisis. Some disgruntled traders and investors are stuck on the sidelines watching stocks shoot higher without them. In a gravity-defying…
READ MORE
There have been many comparisons drawn between Meghan Markle and the late Princess Diana. Reports suggest that Meghan has considered the Princess an influence on her since her early years. Diana biographer Andrew Morton has commented on Meghan’s infatuation with everything Diana did during her royal life. I firmly believe Meghan Markle had a plan…
READ MORE