After a blistering selloff in March, the stock market has bounced back 30% despite the worst economic backdrop since the Great Depression. Value investors like Warren Buffett are stuck on the sidelines as stock prices remain stubbornly high compared to fundamentals. Hedge fund manager Dan McMurtrie says this type of market action is ‘hell’ for…
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As lockdowns ease around the country, U.S. consumer behavior remains a massive question mark. Consumers will determine the shape of the U.S. recovery. Preliminary data point to a strong return, but some evidence suggests people will be hesitant to return to normal right away. One of the biggest factors controlling whether the U.S. will see…
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Bethesda’s Pete Hines has revealed that The Elder Scrolls 6 is still years away. The equally secretive Starfield will launch ahead of the fantasy RPG. We’re unlikely to hear much anytime soon as Bethesda won’t be holding a digital-only E3 replacement event this summer. We haven’t heard much about the development of The Elder Scrolls…
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Two new PSVR patents were discovered for improved motion-tracking and reduced motion-sickness. These patents reinforce the idea that a new PSVR model could be coming alongside the PS5. Even a new PSVR model might not be enough to actually make VR a mainstream feature for the PS5. The plans for the PS5 are still a…
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The number of warnings on Wall Street is steadily increasing. Analysts are worried that traders aren’t realistic. Exuberant optimism is characteristic of past bubbles and their resulting stock market crashes. U.S. stock market futures were relatively flat Monday after both the Dow Jones Industrial Average and the S&P 500 posted a 4% rise last week.…
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Ellen DeGeneres might play the nice guy, but she’s far from it. According to multiple accounts, the star is one of the meanest in show business. How does Ellen get away with it? Would she still have this much power if she was a man? On the outside, Ellen DeGeneres looks like the undisputed queen…
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Meghan and Harry have hired David and Victoria Beckham’s former aide to help them adjust to life in LA. Is this just another desperate attempt to keep up with the Jones? It’s going to take a lot more than a 70-year-old assistant to help these two. Meghan Markle and Prince Harry are busy carving out…
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Europe’s central bank is pushing for more stimulus as European stock markets recover. ECB faces opposition from Germany but intends to push forward with its plans. The aggressive stance of ECB may signal that they foresee a strong economic downturn coming. European stock markets are bouncing back after the pandemic plunge. But, the European Central…
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Twitter looks like a prime candidate for a splashy buyout, according to BTIG. The social media giant has turned a profit under Jack Dorsey, but the CEO has come under pressure from activist investors. Here are three billionaire sharks who could take TWTR stock to the next level. Despite enjoying a massive surge in user…
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The 2-year Treasury bond yield hit a record low Friday. But stock market benchmarks climbed higher at the same time. Here’s what may have happened in the bond market this week. The 2-year Treasury bond yield hit a record low of 0.105% Friday. Capital fled for safety in bonds after the Bureau of Labor Statistics…
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