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According to Yahoo News the Federal Reserve shocked all of the financial markets by slashing interest rates by 50 basis points. “The Jerome Powell-led Fed shocked Wall Street by slashing interest rates by 50 basis points around 10:00 a.m. ET. The Fed said the “fundamentals of the U.S. economy remain strong” but that the coronavirus “poses evolving […]
As the 2019 novel Coronavirus gathers steam in a host of new locations including Italy, South Korea, and Iran, the virus — technically called by the monicker “2019-nCoV” — appears to be here for the long haul. While we’ve already witnessed global ramifications to life, limb, geopolitics, and the environment, the virus has entered into […]
There are many things that we take for granted in our everyday lives that the world is currently running out of, or is going through fairly severe shortages of due to a variety of reasons. If–and for many of these things, when–we run out of the following products, the global economic implications will be pretty […]
We live in the golden age of starting your own company and growing it into a multi-billion dollar juggernaut. Forty years ago the resources, money and talent to start a new company was greatly lacking which grew the barrier to entry for any young entrepreneur to start one. Of course, we saw a handful of […]
Tesla has made a bid worth about $3 billion to buy SolarCity. Tesla chief Elon Musk told reporters that he envisions a Tesla store where customers could take care of all of their sustainable energy needs in a matter of minutes. “Five minutes, you’re done,” said Musk, who owns 22% of SolarCity and is its […]
Billionaire Li Ka-Shing believes his country’s economic outlook is bright. Ka-Shing is the richest man in Hong Kong and he is going long-term on the country even as it grows at the slowest pace in 25 years. In an interview with Bloomberg Television’s Angie Lau, he said the services industry is generating incoming and foreign investments […]
Smith & Wesson is breaking records as Americans continue to buy an increasing number of guns. The company on Thursday reported a 22.4% annual increase in firearm sales. Smith & Wesson executives also projected robust sales growth for the next 10 months. Shares of Smith & Wesson jumped by about 7% in after-hours trading after […]
Andrew Left has set his short-selling sights on Facebook. Citron Research’s short seller believes the company “is losing an extensive amount of relevancy,” According to CNBC. He believes Facebook is a good company but that it “just will not be a $330 billion company in a year,” he said in a CNBC interview. Facebook shares fell […]
Microsoft is buying LinkedIn for $26.2 billion. The tech giant announced the deal on Monday. Microsoft will pay $196 per share for the social enterprise company. LinkedIn CEO Jeff Weiner will remain CEO of the professional social network, and will report directly to Microsoft CEO Satya Nadella. The company says LinkedIn will maintain its “distinct brand, […]
GoPro shares surged by 7% after the company announced a new investment from energy drink company Red Bull. The extreme sports camera equipment company has watched its stock plunge by 45% this year. Its shares are still trading 90% below its all-time high since going public in 2014. Red Bull is getting GoPro stock as […]
Golfer Phil Mickelson has been named in an insider trading case brought forward by the Securities and Exchange Commission Thursday morning, according to a filing. Mickelson received insider tips from sport bettor Billy Walters, one of the co-lead defendants in the case, regarding Dean Foods. Walters received his information from Dean Foods chairman Thomas Davis, the other co-lead defendant. […]
Gold climbed above $1,300 a troy ounce on Monday, a move that was helped along by a weak dollar and investment inflows. Gold moved up 0.7% from its previous close to end up at $1,302.13 a troy ounce. The price of gold hovered close to $1,300 earlier in the year, but failed to keep its […]
