The Dow Jones brushed off early-session losses to mount a moderate recovery on Monday. Despite widespread civil unrest, it was business as usual on Wall Street. The Atlanta Fed’s devastating GDP estimate should give stock market bulls pause. The Dow Jones shrugged off widespread unrest in the United States on Monday, clambering around 100 points…
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May was a busy month for corporate insiders. Several high-profile stock sales suggest business leaders have a gloomy outlook. A CFO survey shows more than half of the world’s finance chiefs are expecting the market to retest its lows. The U.S. stock market rally has been unstoppable over the past two months. Despite a spate…
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Prince Andrew plays a prominent, disturbing role in the Jeffrey Epstein docu-series ‘Filthy Rich.’ Meanwhile, Meghan Markle is still regularly butchered in the media. Markle, at worst, is a lying careerist, while Prince Andrew, at worst, is a child molester. Why are we focusing on her? It’s time to correct the course, people. While Meghan…
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Housing is the one sector of the economy that experienced a V-shaped recovery. Activists are calling for rent forgiveness as many renters aren’t able to pay rent. Canceling rent would have catastrophic consequences on the housing market and the economy. The pandemic has plunged the United States into a deep recession. More than 40 million…
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Star Wars star John Boyega took to Twitter to call out systemic racial discrimination. Despite the blowback, he’s standing firm in his convictions. Boyega — like his Star Wars character Finn — is proving to be a true Resistance hero. John Boyega is not here for your shenanigans. The actor, who came into the public spotlight for…
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Housing market forbearances leveled off in May, but lenders are still facing a huge cash shortfall. The Federal Reserve is pumping the housing market full of froth. The backlash will be jarring when baby boomers flood the market with supply. The U.S. housing market received another nugget of good news last week. The number of…
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Target is temporarily closing stores in 175 locations. Even amid closures, Target’s stock is likely to continue soaring. Target’s growth in the digital sector can compensate for the losses of non-performing locations. Retail giant Target (NYSE:TGT) announced it is temporarily closing hundreds of its stores amid widespread rioting and looting. While the shuttering of some…
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The death of George Floyd ignited nationwide protests, which have been accompanied by more violent riots. Historically, riots of this scope indicate a shifting sentiment that eventually shows up in the economy and the stock market. This could be an ominous warning for the stock market recovery. America is burning. As the country emerges from…
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CNBC’s 2020 Global CFO Survey reveals an extremely bearish outlook on the U.S. stock market, with more than half of respondents calling for the Dow to return below 19,000. The CFO outlook contradicts new forecasts from Goldman Sachs and Bank of America, whose models predict higher stock valuations. Stocks are coming off their second straight…
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Kensington Palace is taking legal action against Tatler magazine for an article that paints Kate Middleton and Meghan Markle in a negative light. Despite this, the Sussex Squad and Meghan’s fans are generally reacting with glee at the upset this piece has caused. This reaction confirms that for the Sussex Squad, it’s all about Kate.…
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