The U.S. stock market continues to climb despite record-high levels of cash hoarding among institutions. Bank of America reveals hedge funds holdings an eye-popping $591 billion as investors focus on low-risk bonds and cash. When the floodgates open, it may trigger a renewed bull market entering the second half of 2020. The U.S. stock market…
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Dow Jones Industrial Average (DJIA) futures turned positive on Tuesday, erasing overnight losses. Contrary to yesterday’s bombshell threat, Chinese firms continued to purchase US agriculture products as normal. China appears to have walked back its threat to halt US soybean purchases and hold up its end of the phase one trade deal, for now. The…
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Gamers respond to the news that Sony will be delaying its PS5 reveal event. Sony says it wants to “stand back and allow more important voices to be heard,” in the wake of global protests against racial injustice and police brutality. Earlier in the day, the official PlayStation account posted a tweet in support of…
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Cast member Lori Loughlin poses at the premiere for the Netflix TV series Fuller House at The Grove in Los Angeles, US, February 16, 2016 [File: Mario Anzuoni/Reuters] US actress Lori Loughlin and her fashion designer husband, Mossimo Giannulli, agreed to serve prison time as part of a plea deal in the college admissions bribery…
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Khloe Kardashian promised to ‘speak up’ for Black people in the face of injustice. Many of her fans are claiming she’s ‘woke.’ Too bad Kardashian’s ‘wokeness’ is performative. If you believe Khloe Kardashian, she’s a modern-day civil rights activist along the lines of Angela Davis and Rosa Parks. The youngest Kardashian sister recently promised to…
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Donald Trump addressed the nation today, saying he’s an “ally of peaceful protestors.” Moments before his speech, Washington D.C. police fired tear gas and rubber bullets on peaceful protestors. Just like his response to COVID-19, Trump has failed miserably. In a press conference this afternoon, Donald Trump took a mandatory few moments to express his…
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60 FPS on the Xbox Series X and PlayStation 5 isn’t likely. One dev claims games will target graphics over frame rate. What’s the point of next-gen consoles, then? Frame rate is a significant factor for players choosing a platform. PC generally has the highest framerate, leading to the smoothest experience possible. But not everyone…
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While the S&P 500 is still down about 6% year-to-date, Zoom’s shares have tripled in value. Zoom’s popularity has exploded due to shelter-in-place orders. Zoom keeps soaring despite investors being optimistic about the economy. Zoom Video Communications’ (NASDAQ:ZM) stock price was on an uptrend before the pandemic started. But the outbreak pushed shares higher as…
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It’s not surprising that Olivia Jade incurred substantial backlash when she condemned white privilege. As the would-be beneficiary of a college admissions scam, she makes an awkward spokesperson. Should she be forced to stay silent about injustice? The brutal footage of the murder of George Floyd has forced many white people to grapple with the…
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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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