The coronavirus outbreak coupled with the Saudi-Russian oil price war has created a perfect storm for oil. According to one Wall Street analyst, we could soon see negative oil prices as supply far outstrips demand. As global storage capacity reaches its breaking point, oil producers may start paying customers to take delivery. The oil industry…
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The PS5 price will be astronomical if Sony is selling it this hard. Wednesday’s PlayStation 5 “reveal event” was a major tease for PS5 gamers. The company pulled out all the stops to build value ahead of the release, using the same sticker shock prevention tactics employed in car sales. Sony live-streamed an event billed…
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Chrissy Teigen was looking for blood on Twitter last night. She ripped poor Melania Trump to shreds for not “being better” during these trying times. Teigen is not only a horrible feminist, but she’s not that different than Melania. If we could all be as flawless Chrissy Teigen, then maybe the coronavirus would be gone…
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The stock market crash accelerated mid-week as falling oil prices and a surging U.S. dollar weighed on equities. Dow bulls are heading for the hills as the psychologically significant 20,000 level has given way. Nordea Research believes the spike in bond yields is the next phase of the coronavirus crisis. The Dow Jones plummeted by…
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Warren Buffett let a friendship get in the way of an investment. Bill Gates is no longer a Microsoft director. He quit the board of Berkshire Hathaway too. It would be ridiculous to suggest that Buffett would have a conflict of interest now. Warren Buffett has never hidden his admiration for Microsoft (NASDAQ:MSFT). Two years…
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Prince Harry and Meghan Markle left the U.K. earlier this month after fulfilling the last of their royal duties. Coronavirus has left Harry isolated in Canada, though Meghan was able to travel to the U.S. to visit family – and go shopping for a Malibu dream home. Donald Trump and Justin Trudeau just took away…
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Stand-up comedian and actor Bill Burr said “I think when Tom Hanks doesn’t die, everyone is gonna chill” about coronavirus. Tom Hanks and wife Rita Wilson announced on Twitter Wednesday that they were under quarantine in Australia with COVID-19. While the first high profile celebrity coronavirus case shocked the world, Burr is sure Hanks won’t…
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Prince Harry and Meghan Markle ended their final royal engagements this month and headed to North America. Meghan immediately started badmouthing the royals to her friends. Meghan’s verbal attacks should surprise no one. That didn’t take long. Meghan Markle launched her first childish attack at the royal family and Kate Middleton in particular. As soon…
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Crunch is an unfortunate games industry staple. Some gamers defend the practice, claiming it’s the only way for envelope-pushing titles. Nintendo has gotten by without crunch. Why must this remain the norm? Crunch and the games industry, unfortunately, go hand in hand. Big projects require a consistent effort, but some companies struggle with time management,…
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Coronavirus has created the economic conditions that will pop the corporate debt bubble after a decade of inflating. The impact will be massive because a host of businesses that have been relying on refinancing cheap loans will struggle to stay afloat. The amount of low-quality corporate debt that’s been issued is unprecedented and will have…
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