The U.S. unemployment rate is expected to rise dramatically with the release of April’s job report. Tight budgets will force Americans to turn more towards affordable at-home entertainment options such as streaming services. Netflix, Disney+ and other streaming services are some of the likely beneficiaries. The coronavirus pandemic has caused massive job losses, with unemployment…
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The stock market is bracing for the worst jobs report in American history. If past monthly updates are anything to go by, the Dow will slide in response to Friday’s posting. And with the jobless rate set to rise further, this stock market headwind could fester for many months to come. The Dow Jones is…
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There are now 350 million registered Fortnite players, according to developer Epic Games. In April, players logged a staggering 3.2 billion hours of play time. Fortnite continues to grow, albeit at a slower pace than in the past. Epic Games has announced that its flagship battle royale shooter Fortnite now has 350 million registered players.…
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Many small businesses aren’t going to last through the year due to coronavirus-inflicted pain. Even if they do make it, many won’t rehire their workforce. That’s going to severely dent US GDP and leave a lasting scar on the labor force. On Friday, we are due to find out the total number of unemployed people…
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The tension between the U.S. and China is rising by the day as the two sides continue to posture. A potential trade war has become a massive risk to the stock market, perhaps even more so than the coronavirus itself. It would be detrimental to both sides to let the trade deal fall apart, but…
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Assassin’s Creed Valhalla is set to feature in today’s next-gen gameplay-focused Inside Xbox. Ubisoft has confirmed that it will showcase an ‘in-game first look teaser’ rather than the promised gameplay trailer. We can expect the rest of Inside Xbox’s bill to follow suit. We’re unlikely to see much actual next-gen gameplay. Ubisoft has announced that…
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BlackRock CEO Larry Fink sees a tax rate hike in the short-term, along with increased bankruptcies. The U.S. stock market would face significant selling pressure as corporate profits decline. Mounting geopolitical risks add to the risk of a stocks downtrend. BlackRock CEO Larry Fink does not seem to believe in the recent stock market recovery.…
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The stock market growth to value ratio is at historic extremes. One hedge fund manager warns this indicates equities are in a bubble. It’s not the only indicator echoing the Dot Com bubble. The stock market has entered the doldrums after a record-setting crash followed by a record-setting rally. And first-quarter earnings season hasn’t seemed…
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EA confirms plans to turn Star Wars Jedi: Fallen Order into a video game series. The first game released in November 2019 to incredibly positive reviews. The single-player title was a surprising shift away from EA’s other titles, which have offered multiplayer modes with microtransactions. In a financial call on Tuesday, EA CEO Andrew Wilson…
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Dow Jones futures drifted between narrow gains and losses Wednesday evening. The U.S. dollar strengthened the most for three weeks, underscoring investors’ anxiety about the economy. Corporate earnings continue to trend lower, with FactSet forecasting the worst quarter since 2009. U.S. stock futures fumbled around the break-even point Wednesday night, as dismal corporate earnings and…
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