What is Facebook Financial?

What is Facebook Financial?

#Facebook $FB on Monday said it has created a new unit devoted to financial services to harmonize payment systems on its platform that will add significantly to the bottom line once again increasing the value of Facebook. The new group, called Facebook Financial, will be headed by e-commerce veteran David Marcus, who was a president […]

Trump Pushes Zuckerberg Past the $100b Barrier

Trump Pushes Zuckerberg Past the $100b Barrier

$FB $MSFT #TIKTOK The personal wealth of Facebook Founder and CEO Mark Zuckerberg has touched $100 billion after the social network launched a Tik-Tok copy called Instagram Reels this week that immediately gained attention as Trump banned TikTok. With the launch of the copy cat short-video making app, Facebook stock rose by more than 6 […]

Can Uber Technologies, Inc. (NYSE:UBER) Re-Invent Employment?

Can Uber Technologies, Inc. (NYSE:UBER) Re-Invent Employment?

#Uber $UBER outlined proposals Monday for a new type of relationship with “gig” workers, including its own drivers, that would keep them as independent contractors but with some guaranteed benefits. The ride-hailing giant described “a new model for independent platform work” in an 18-page document it hopes can be used as blueprint for Uber and […]

SoftBank Group Corp. (OTC:SFTBY) Tech Bets Prove Winners

SoftBank Group Corp. (OTC:SFTBY) Tech Bets Prove Winners

#SoftBank $SFTBY Group on Tuesday reported a $12 billion quarterly net profit to June, recovering from eye-watering losses as tech stocks rally and the firm sheds assets to shore up its finances. The results will be a relief for chief Masayoshi Son, who has faced an increasing drumbeat of criticism after recent record losses for […]

Big Tech Say America Lacks Talent

Big Tech Say America Lacks Talent

#Amazon #Apple and #Facebook are among tech industry titans and organizations signing onto a court filing saying US President Donald Trump’s move blocking visas for skilled workers hurts the country and pushes US firms to send more work overseas. The brief was filed in federal court Monday in support of a suit by the US […]

Singapore Economy Failed the Coronavirus Test

Singapore Economy Failed the Coronavirus Test

#singapore #coronavirus #covid19 $SGDUSD Singapore’s virus-hammered economy shrank almost 43 percent in the second quarter, in a sign that the country’s first recession in more than a decade was deeper than initially estimated, official data showed Tuesday. The outlook for the Singapore dollar is now very negative. Tough curbs within the city state to contain […]

Asian Markets Betting on Trump Printing Money

Asian Markets Betting on Trump Printing Money

Asian markets extended gains Tuesday as concerns about the China-US trade pact eased, while investors remain optimistic US lawmakers will eventually hammer out a new stimulus for the crippled economy despite talks struggling. There was also some relief that China did not include any members of Donald Trump’s administration in a group of 11 Americans […]

America is Addicted to Free Money and the Dollar is Doomed

America is Addicted to Free Money and the Dollar is Doomed

Republican or Democrat, it makes no difference Americans are addicted to free money and it will end badly. President Donald Trump on Saturday signed executive actions extending financial relief to Americans hit by the coronavirus pandemic as polls showed a large majority of voters unhappy with his handling of the crisis. The four measures marked […]

US Elections: Socialism or Communism Take Your Pick

US Elections: Socialism or Communism Take Your Pick

America is faced with a grim choice this election Socialism or Communism Donald Trump continues on the path that the rest of the world cheats at trade but the USA does not, he is 100% wrong. The bail-outs. fake low interest rates and free Corona money will come back to bite future Presidents, the bills […]

USA No Longer a Free Market: TikTok in Talks with Twitter

USA No Longer a Free Market: TikTok in Talks with Twitter

Twitter is in preliminary discussions for a possible combination with TikTok, the Wall Street Journal reported Saturday, after US President Donald Trump said he would ban the app, calling it a threat to national security and putting an end to America’s free market status. Trump declared Thursday that the popular Chinese video app TikTok and […]

The Fannie Mae (OTCQB:FNMA) Real Estate Outlook Negative

The Fannie Mae (OTCQB:FNMA) Real Estate Outlook Negative

The Fannie Mae (OTCQB:FNMA) Home Purchase Sentiment Index® (HPSI) decreased 2.3 points in July to 74.2, moderating slightly after two consecutive months of advances. Three of the six HPSI components decreased month over month, with consumers reporting a significantly more pessimistic view of homebuying conditions but a more optimistic view of home selling conditions. Year […]

China is Moving Away from US Agriculture, it will Lower Demand for USD

China is Moving Away from US Agriculture, it will Lower Demand for USD

Seven months after the United States and China signed a preliminary agreement to temper their trade war, Beijing’s purchases of US agricultural goods have yet to reach the deal’s target. As President Donald Trump readies for a tough reelection battle in November, US media reported the two sides are set to meet beginning August 15 […]

London Business District a Ghost Town

London Business District a Ghost Town

Deserted streets, empty restaurants, shuttered stores: London’s financial districts remain largely abandoned by workers still worried about the pandemic and reluctant to return to office life. The City, a square mile in the heart of the British capital traditionally home to the finance industry, was eerily quiet over the past week, with just a smattering […]

Energy Giant Saudi Aramco Takes a Beating

Energy Giant Saudi Aramco Takes a Beating

Energy giant Saudi Aramco said on Sunday its second-quarter profits plunged a massive 73 percent due to sharply lower oil prices as the coronavirus crisis undercuts global demand. The behemoth, recently dethroned by Apple as the world’s most valuable listed company, posted a net profit of $6.6 billion for the three months to June 30 […]

Thailand Loves Luxury

Thailand Loves Luxury

As the coronavirus brought the global economy to its knees, Thai businessman Yod decided to buy himself an $872,000 treat — a lime-green Lamborghini. Yod picked up the customised Huracan EVO supercar in Bangkok, a city of billionaires with a luxury economy unbroken by the crisis ripping through Thailand’s wider economy. With tourism and exports […]

American Pharoah Continues to Impress

American Pharoah Continues to Impress

The second Northern Hemisphere crop of Triple Crown hero American Pharoah are up and running with two smart winners in the past two days in North America and a Group place-getter in Ireland. First to salute was promising filly American Grace (2f American Pharoah x Warrior Made, by Holy Bull), who scored a two and […]

BLACK CAVIAR’S SON TO STAND AT RIVERBANK, Victoria

Royal by name, regally bred. Prince Of Caviar. A horse whose sire was a high class, a horse whose dam does not really need introduction… but we will talk about her anyway! Black Caviar… the undefeated sprinting Queen of Australian racing. Fifteen Group One victories, three times crowned Australian Horse Of The Year, Australian Racing […]

US is Adding Jobs and New Economy is Taking Shape

US is Adding Jobs and New Economy is Taking Shape

The US economy added just 1.8 million jobs in July, far fewer than in May and June but not as bad as some economists feared, according to government data released Friday. As COVID-19 cases spiked in several states in recent weeks, new restrictions to contain the virus forced some businesses to shut their doors again, […]

China Economy Continues Rebound

China Economy Continues Rebound

China saw another surprise jump in exports last month as the global economy slowly reopened after virus lockdowns, data showed Friday, but there were warnings that while the country is expected to get back on track by year’s end, overseas shipments would likely struggle. The readings, however, showed an unexpected fall in imports, highlighting the […]

California About to Bite the Hand that Feeds It NYSE:UBER

California About to Bite the Hand that Feeds It NYSE:UBER

California has filed lawsuits against Uber and Lyft for alleged wage theft by misclassifying their drivers as independent contractors rather than employees, the Labor Commissioner’s Office said Wednesday. Classifying their drivers as independent contractors “has deprived these workers of a host of legal protections in violation of California labor law,” the office said in a […]

China Vs the USA What are the Hot Topics

China Vs the USA What are the Hot Topics

Tensions between the United States and China have been rising over a range of issues from the handling of the coronavirus to national security, Hong Kong and trade. Washington ordered the closure of the Chinese consulate in Houston last month — accusing it of being a centre for spies — and China hit back by […]

The Corona Economy is Unpredictable

The Corona Economy is Unpredictable

Whatever you think you know about markets, the pandemic is not a predictable Global event, it is an uneven and erratic chain of events that have more to do with Governments and fear then reality. Some sectors are doing well, lots of money is being printed and this is a time for extreme caution and […]

Turkey will Pay the Price for Erdogan Anti-West Politics

Turkey will Pay the Price for Erdogan Anti-West Politics

Turkey’s lira on Thursday set a new record low against the US dollar as investors worried about the government’s economic policies and dollar reserves appeared to be running low. The lira was trading at 7.28 against the greenback around 1030 GMT, suffering a loss of more than 3 percent since the start of the day […]

Samsung Increases Pressure on Apple

$AAPL Samsung on Wednesday unveiled a second-generation folding smartphone along with other new gadgetry aiming to jump-start sales in a market hit hard by the global pandemic. The consumer electronics colossus unveiled its latest lineup at a streamed “Galaxy Unpacked” event, aiming directly at remote work and education trends supercharged around the world by the […]

All the Beirut Explosion Video’s

All the Beirut Explosion Video’s

#Beirut Videos of the devastating explosion at the port of Beirut that left over 100 people dead and thousands wounded continue to emerge, painting a comprehensive picture of the destruction – though shedding no light on its cause. A mega-compilation of all the different videos from witnesses to Tuesday’s catastrophic explosion in Lebanon’s capital has […]

And Another One Bites the Dust: Virgin Atlantic

And Another One Bites the Dust: Virgin Atlantic

Virgin Atlantic has applied for bankruptcy protection in the United States, court filings show, as the British airline — which has not flown since April because of coronavirus — seeks to tie up a rescue deal in the UK. The company — part-owned by Richard Branson — grounded its planes in April because of the […]

Rare Tax Cut Helps Socialist Germany

Rare Tax Cut Helps Socialist Germany

Car registrations in Germany showed this year’s smallest monthly drop in July as buyers took advantage of a temporary cut in value added tax, figures released Wednesday showed. Registrations fell by only 5.4 percent in July, improving significantly from the precipitous drops of 32 percent in June, 50 percent in May and 61 percent in […]

T. Rowe Price (NASDAQ:TROW) ETFs listed on NYSE Arca

T. Rowe Price (NASDAQ:TROW) ETFs listed on NYSE Arca

T. Rowe Price (NASDAQ:TROW) announced the debut of four active exchange-traded funds (ETFs). All four funds are available to the public beginning today. The ETFs, which will be actively managed by T. Rowe Price portfolio managers, include the Blue Chip Growth ETF, the Dividend Growth ETF, the Equity Income ETF, and the Growth Stock ETF. […]

An Analysis of Covid 19 and US GDP

An Analysis of Covid 19 and US GDP

The BBVA Research team published its economic analysis of the drop in gross domestic product for second quarter 2020, noting it is the steepest decline in over-the-quarter growth since 1937, in the aftermath of the Great Depression.  As noted in the published analysis, the GDP dropped by 32.9 percent on an annualized basis and has […]

How the US Economy is Effected by Covid 19

How the US Economy is Effected by Covid 19

Economic activity in the Services sector (formally non-manufacturing sector) grew in July for the second month in a row, say the nation’s purchasing and supply executives in the latest Services ISM® Report On Business®. The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Services Business Survey […]

World is Betting on America Printing Money

World is Betting on America Printing Money

Stock markets on both sides of the Atlantic climbed on Wednesday after a mixed Asian showing, with hopeful traders tracking talks on a key US stimulus package. Uncertainty about the global economic outlook caused by the coronavirus pandemic meanwhile caused investors to hedge their bets, helping gold to fresh highs day after the haven asset […]

Facebook Trying to Copy TikTok

Facebook Trying to Copy TikTok

Instagram on Wednesday added a new short-form video feature to the image-focused platform in a direct challenge to TikTok, which is in the crosshairs of US President Donald Trump. “Reels” lets users record videos of up to 15 seconds and provides tools for editing, audio and effects, according to the Facebook-owned company. “Reels invites you […]

NASA astronauts Robert Behnken and Douglas Hurley Discuss SpaceX Demo-2

NASA astronauts Robert Behnken and Douglas Hurley Discuss SpaceX Demo-2

NASA astronauts Robert Behnken and Douglas Hurley will discuss their recently completed SpaceX Demo-2 test flight mission to the International Space Station during a news conference at 4:30 p.m. EDT Tuesday, Aug. 4. The news conference from NASA’s Johnson Space Center in Houston will be broadcast live on NASA Television and on the agency’s website. This will […]

Are Government Handouts Fuelling a Housing Boom

Are Government Handouts Fuelling a Housing Boom

The median home sale price climbed 11% year over year for the week ending July 26 to a record-high $315,000, according to the latest market report from Redfin (www.redfin.com), the technology-powered real estate brokerage. This was the largest increase in sale prices recorded since early 2014. The strong price growth is a result of strong […]

Government Benefits are Keeping US Economy Alive

Government Benefits are Keeping US Economy Alive

Personal income decreased $222.8 billion (1.1 percent) in June according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) decreased $255.3 billion (1.4 percent) and personal consumption expenditures (PCE) increased $737.7 billion (5.6 percent). Real DPI decreased 1.8 percent in June and Real PCE increased 5.2 […]

US GDP Estimates 2nd Quarter 2020

US GDP Estimates 2nd Quarter 2020

Gross Domestic Product, 2nd Quarter 2020 (Advance Estimate) and Annual Update Real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 5.0 percent. The GDP […]

USA Economy is Recovering

USA Economy is Recovering

#COVID19 #CORONAVIRUS #ECONOMY Economic activity in the manufacturing sector grew in July, with the overall economy notching a third consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: […]

The Way Forward on COVID-19: A Road Map to Reset the USA’s Approach to the Pandemic

The Way Forward on COVID-19: A Road Map to Reset the USA’s Approach to the Pandemic

#COVID19 #PANDEMIC Amid rising numbers of COVID-19 cases, hospitalizations, and deaths this summer, the AAMC (Association of American Medical Colleges) today released “The Way Forward on COVID-19: A Road Map to Reset the Nation’s Approach to the Pandemic” to dramatically change the nation’s approach to the coronavirus pandemic and save lives. The set of 11 evidence-based […]

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Spin-off American Outdoor Brands, Inc. (NASDAQ:AOUT)

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Spin-off American Outdoor Brands, Inc. (NASDAQ:AOUT)

$SWBI $AOUT Smith & Wesson Brands, Inc. (NASDAQ:SWBI), one of the world’s leading providers of firearms and quality products for the shooting, hunting, and rugged outdoor enthusiast, today announced that its board of directors has approved the previously announced separation from Smith & Wesson Brands, Inc. of its outdoor products and accessories business into an […]

Condo Prices Drop in USA

Condo Prices Drop in USA

Condo sale prices nationwide dropped 1.4% year over year to a median of $252,000 in June, the second consecutive month of drops after nearly two years of rising prices, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. Prior to the pandemic, price growth for condos had reached a three-year high […]

Public Service Enterprise Group (NYSE: PEG) Posts Solid Quarter

Public Service Enterprise Group (NYSE: PEG) Posts Solid Quarter

Public Service Enterprise Group (NYSE: PEG) reported Net Income for the second quarter of 2020 of $451 million, or $0.89 per share, compared to Net Income of $153 million, or $0.30 per share, in the second quarter of 2019.  Non-GAAP Operating Earnings for the second quarter of 2020 were $404 million, or $0.79 per share, […]

Facebook Hits Google Again, This Time on Video

Facebook Hits Google Again, This Time on Video

#Facebook $FB on Friday added licensed music videos to the social network in the US, challenging YouTube for the attention of online audiences. Facebook said users will be able to “come together” around official music videos, with the promise of premier content from J. Balvin, Karol G, Sebastian Yatra, and other artists. “With official music […]

USA Gets a Downgrade as Covid19 Continues

USA Gets a Downgrade as Covid19 Continues

#USA #COVID19 #Economy Ratings agency Fitch on Friday downgraded the outlook for the United States to negative from stable, warning of high debt and deficits made worse by the coronavirus downturn. “The outlook has been revised to negative to reflect the ongoing deterioration in the US public finances and the absence of a credible fiscal […]

People are Investing in the Space Race

People are Investing in the Space Race

Trends Exchange details that the New Space Race will be supplanted during the next decade through space infrastructure projects, space distribution, and continued investment in space-based technology applications. The Boeing Market Outlook projects $2.5 trillion of defense and space opportunities during the next decade. Space Capital reports a total of $12.1B invested in space companies in […]

Euro Faces a Difficult Time

Euro Faces a Difficult Time

The -12.1% Q-o-Q growth rate is the worst ever recorded and a pretty difficult one to interpret. It is a shocking drop, but completely understandable as the economy was shut for a considerable period during the quarter. It, therefore, doesn’t tell us all that much about the general state of the economy, which is usually why […]

Canadian Dollar Set to Rally

Canadian Dollar Set to Rally

The Canadian economy rebounded in May, posting growth of 4.5 percent as activity bounced back following two months of sharp declines due to the coronavirus pandemic, the government said Friday. The recovery is likely to continue in June, according to Statistics Canada, which currently forecasts a 5.0 percent monthly expansion. The virus crisis and measures […]

Only America Can Spy on You, TikTok Faces US Ban

Only America Can Spy on You, TikTok Faces US Ban

#tiktok Only American companies are allowed o spy on people it seems. Those foreign companies that are not spending billions on lobbyists face bans. President Donald Trump said Friday he will bar fast-growing social media app TikTok from the United States as American authorities have raised concerns the service could be a tool for Chinese […]

Godolphin Look Set for the Prix Rothschild

Godolphin Look Set for the Prix Rothschild

Recent G3 winners Half Light (pictured) and Summer Romance bid for G1 glory in the Prix Rothschild over a mile at Deauville, France, on Sunday, 2 August. Half Light (Mickael Barzalona) is unbeaten in three turf appearances for Henri-Alex Pantall and the daughter of Shamardal makes her G1 debut following a brave success in the […]

Saturday’s 6-furlong, $250,000 Bing Crosby Stakes (G1)

Saturday’s 6-furlong, $250,000 Bing Crosby Stakes (G1)

The 3-year-old Collusion Illusion and the 5-year-old Fashionably Fast lead a nine-horse field of talented sprinters in Saturday’s 6-furlong, $250,000 Bing Crosby Stakes (G1) on NBCSN, with live coverage from Del Mar beginning at 7 p.m. ET. The Bing Crosby winner will receive an automatic berth into the $2 million Breeders’ Cup Sprint (G1) through the Breeders’ Cup Challenge Series.  The three-hour program, […]

Noble Corporation plc (NYSE: NE) Update

Noble Corporation plc (NYSE: NE) Update

– Restructuring support agreement provides for elimination of all of the Company’s bond debt, which represents over $3.4 billion of debt – Company expects to emerge with new $675 million secured revolving credit facility and $200 million of new investment from existing creditors – Noble operations are continuing without interruption; no impact expected for customers, […]

France Delivers Another Blow to the Euro

France Delivers Another Blow to the Euro

France’s economy slumped a record 13.8 percent in the second quarter as businesses bore the brunt of a strict coronavirus lockdown that slammed consumer spending, the INSEE statistics agency said Friday. The seasonally-adjusted drop in gross domestic product (GDP) from the first quarter was not as steep as many analysts had expected, but worse than […]

Spending Picks Up Despite Covid-19 in USA

Spending Picks Up Despite Covid-19 in USA

Americans ramped up spending again in June and prices inched higher following the collapse caused by COVID-19, but the data released Friday reflect the time before cases began to resurge. Personal consumption expenditures (PCE) rose 5.6 percent last month, after gaining 8.5 percent in May, the Commerce Department reported, and the PCE price index rose […]

MoneyGram (NASDAQ:MGI) Outperforms

MoneyGram (NASDAQ:MGI) Outperforms

MoneyGram International, Inc. (NASDAQ:MGI) today reported financial results for its second quarter ending June 30, 2020. Second Quarter 2020 Business Highlights  “We had a very strong quarter and materially outperformed on both the top and bottom-line, despite the continued global uncertainty from the COVID-19 pandemic,” said Alex Holmes, MoneyGram Chairman and CEO. “In June we […]

Ford Delivers a Surprise Win

Ford Delivers a Surprise Win

#Ford $F reported better-than-expected results Thursday despite the hit from COVID-19 and the carmaker said it had enough cash on hand to survive the coronavirus crisis. The US auto giant, which shuttered some factories due to the pandemic and saw overall car sales fall sharply, reported an operational loss of $1.9 billion in the second […]

Facebook Outperforms

Facebook Outperforms

#Facebook $FB reported Thursday that its quarterly profit had nearly doubled and users grew despite a boycott by advertisers and the pandemic-induced economic turmoil. The leading social network said it made a profit of $5.2 billion on $18.7 billion in revenue in the recently ended quarter, as the number of people using the platform monthly […]

Huawei Gives Apple and Samsung a Flogging

Huawei Gives Apple and Samsung a Flogging

China’s Huawei has overtaken Samsung to become the number-one smartphone seller worldwide in the second quarter on the back of strong domestic demand, industry tracker Canalys said Thursday. Canalys said the embattled firm, which is facing US sanctions and falling overseas sales, shipped 55.8 million devices — overtaking Samsung for the first time, which shifted […]

The Fed Vs Covid-19

The Fed Vs Covid-19

Equities mostly fell Thursday as fears a fresh wave of virus infections could push the global recovery off track erased early gains fueled by a Federal Reserve pledge to provide as much support as necessary to the US economy. While the central bank did not unveil any new measures and broadly met expectations, analysts said […]

Germany Economy and Covid-19

Germany Economy and Covid-19

The German economy suffered a record slump in the second quarter as coronavirus lockdowns took their toll, official data is set to show Thursday, but experts say a recovery is already under way. Federal statistics agency Destatis will unveil its flash estimate at 0800 GMT, with leading research institutes forecasting that gross domestic product shrank […]

Prix de l’Arc de Triomphe Stradivarius Vs Enable

Prix de l’Arc de Triomphe Stradivarius Vs Enable

Stradivarius, the best stayer currently in training, has won the Goodwood Cup for a record fourth time! This Gr1 runs at Goodwood over 2 miles. John Gosden, his trainer, confirmed: Stradivarius will travel to France to take part in the Qatar Prix de l’Arc de Triomphe on the 4th October!  Bjorn Nielsen’s Champion has nothing more to prove over long distance races. Along with his four Goodwood Cups, he has won three editions of the Gold Cup – the Royal Ascot marathon. Now aged 6 years old, it is time […]

Record breaking night for Bloodstockauction.com

Record breaking night for Bloodstockauction.com

Record breaking night for Bloodstockauction.com on Tuesday night, with the beautifully bred daughter of Fastnet Rock Paprena Selling for $174,070, Paprena has become Fastnet Rock’s highest selling maiden broodmare/filly, to be sold on a dedicated online auction site. Fastnet Rock currently sits fifth on the leading Australian Broodmare Sires List by earnings, and at age […]

Big Week for Coolmore Australia

Big Week for Coolmore Australia

Winner of the Group I ATC Australian Oaks in 2018, outstanding Fastnet Rock mare Unforgotten kept the big prices coming at the Gold Coast on late Monday afternoon when selling for $2.75 million at the Magic Millions National Sale. Consigned by Blue Sky Premium Consignment on behalf of her owners, Unforgotten was bought by Yulong […]

Inglis Digital ends historic season of trading on a high

Inglis Digital ends historic season of trading on a high

Inglis Digital is celebrating a momentous 2019/20 season with the conclusion of the July (Late) Online Sale this evening, which grossed $2.1 million – bringing the overall season total to over $40 million.The July (Late) sale finished with a 79% clearance and marks the 19th consecutive sale to gross more than $1 million, while the […]

Boeing Plans More Covid-19 Cuts

Boeing Plans More Covid-19 Cuts

$BA #Boeing #COVID19 Boeing reported a bigger-than-expected loss Wednesday and said it would further trim its plane production because of weak demand in the wake of the coronavirus pandemic. The aerospace giant suffered a $2.4 billion second-quarter loss, reflecting the hit from much lower commercial plane deliveries as airlines suspend purchases due to falling consumer […]

Consumers send companies a wake-up call on data privacy

Consumers send companies a wake-up call on data privacy

$FB $GOOG $TWTR A new KPMG survey revealed that U.S. consumers are becoming increasingly concerned with, and distrustful of, how companies use, manage and protect their personal data. According to the survey, 56 percent of Americans reported wanting more control over their personal data, and insisted that both corporations and government must play an active […]

Significant Collapse of US GDP in the April-June Quarter from Covid-19 Rules

Significant Collapse of US GDP in the April-June Quarter from Covid-19 Rules

$USD $GOLD #ECONOMICS #USA #POLITICS #COVID19 Facing the second recession in just over a decade and with Congress locked in debate over a new emergency spending package, the Federal Reserve will seek a way to put some guardrails on the US economy. As we suggested early in the pandemic, the worst may not come till […]

General Electric NYSE:GE Civid-19 Takes Toll on Business

General Electric NYSE:GE Civid-19 Takes Toll on Business

$GE #COVID19 #CORONAVIRUS General Electric reported a bigger-than-expected loss Wednesday, due in part to sagging sales from its aviation business in the wake of the coronavirus outbreak. The company’s loss was $2.2 billion in the second quarter, compared with a loss of $61 million in the year-ago period. Revenues tumbled 24 percent to $17.8 billion. […]

When will the Covid-19 Pandemic End?

When will the Covid-19 Pandemic End?

Consider this unfortunately familiar scenario. Several months ago a highly infectious, sometimes deadly respiratory virus infected humans for the first time. It then proliferated faster than public health measures could contain it. Now the World Health Organization (WHO) has declared a pandemic, meaning that it’s spreading worldwide. The death toll is starting to rise and everyone is asking the same question: when will […]

How Fast Can a Covid-19 Vaccine be Made?

How Fast Can a Covid-19 Vaccine be Made?

#covid19 #coronavirus #vaccine When a new pathogen emerges, our bodies and healthcare systems are left vulnerable. In times like these, there’s an urgent need for a vaccine to create widespread immunity with minimal loss of life. So how quickly can we develop vaccines when we need them most?  Vaccine development can generally be split into three phases. In exploratory research, […]

Case-Shiller Indices: Is it a Good Time to Buy Real Estate?

Case-Shiller Indices: Is it a Good Time to Buy Real Estate?

S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for May 2020 show that home prices continue to increase at a modest rate across the U.S. More than 27 years of history are available for these data series, and […]

Wyndham Hotels & Resorts (NYSE:WH) Struggles as Covid-19 Continues

Wyndham Hotels & Resorts (NYSE:WH) Struggles as Covid-19 Continues

$WH #COVID19 Wyndham Hotels & Resorts (NYSE:WH) today announced results for the three months ended June 30, 2020. Highlights include: Diluted loss per share was $1.86, and adjusted diluted earnings per share was $0.10. Net loss was $174 million for the second quarter and adjusted net income was $9 million. Adjusted EBITDA was $63 million. […]

The US Federal Reserve Warming Up the Printing Press, Again

The US Federal Reserve Warming Up the Printing Press, Again

The US Federal Reserve will extend the Money printing madness, the $USD will fall, $GOLD will rally and Stocks will be artificially held high, the wealth gap will widen, business as usual in modern America. The US Federal Reserve opened a two-day policy meeting on Tuesday amid signs of waning consumer confidence and with Congress […]

Coronavirus and US Consumer Confidence

Coronavirus and US Consumer Confidence

US consumer confidence deteriorated in July as the coronavirus pandemic intensified, with the short-term outlook for business conditions, earnings and employment all worsening, according to a key survey released Tuesday. The Conference Board research firm said its consumer confidence index fell to 92.6 from 98.3 in June, worse than analysts expected amid a surge in […]

Nissan (OTC:NSANY) Shareholders are Missing Carlos Ghosn

Nissan (OTC:NSANY) Shareholders are Missing Carlos Ghosn

$NSANY #GHOSN #NISSAN Crisis-hit Japanese automaker Nissan warned on Tuesday of a massive $6.4 billion net loss for the current fiscal year as it reels from the impact of the coronavirus pandemic, without Carlos Ghosn at the helm the automaker seems lost in a sea of internal disputes and politicking. Nissan, which had delayed an […]

Pfizer Inc. (NYSE:PFE) Betting on Vaccine for COVID-19

Pfizer Inc. (NYSE:PFE) Betting on Vaccine for COVID-19

$PFE #COVID-19 #CORONAVIRUS Pfizer reported a drop in second-quarter profits Tuesday, but lifted its full-year forecast on expectations that medical activities curtailed by coronavirus will return in the second half of 2020. The drugmaker, which is working on a vaccine for COVID-19, said it temporarily suspended clinical trials during the second quarter and halted marketing […]

McDonald’s NYSE:MCD Takes a Coronavirus Beating

McDonald’s NYSE:MCD Takes a Coronavirus Beating

$MCD #EARNINGS #CORONAVIRUS McDonald’s reported a steep drop in second-quarter profits Tuesday on much lower sales due to coronavirus closures that affected most of the chain’s worldwide network, the fall is a continuation of a downtrend over the last 5 years. The fast-food company suffered a 68 percent drop in profits to $483.8 million, following […]

Don’t Bet on an Airline or Travel Recovery Yet

Don’t Bet on an Airline or Travel Recovery Yet

#coronavirus $AAL $DAL $UAL #Airlines #Travel Global air traffic will not return to levels seen before the coronavirus pandemic until at least 2024, the International Air Transport Association said on Tuesday. Uncertainty about the timing of border reopenings is the main factor, IATA’s chief economist Brian Pearce told a news conference. “We now are expecting […]

US Direct Investment by Country and Industry, 2019

US Direct Investment by Country and Industry, 2019

#USA #ECONOMY The U.S. direct investment abroad position, or cumulative level of investment, increased $158.6 billion to $5.96 trillion at the end of 2019 from $5.80 trillion at the end of 2018, according to statistics released by the Bureau of Economic Analysis (BEA). The increase reflected a $95.7 billion increase in the position in Europe, primarily in […]

Epic Games CEO Slams Apple and Google Over APP Monopoly

Epic Games CEO Slams Apple and Google Over APP Monopoly

Tim Sweeney, CEO of Fortnite developer Epic Games, has criticised Apple and Google for having an “absolute monopoly” on their respective app stores. He especially slammed the 30 per cent cut on in-app purchases and transactions. “Apple has locked down and crippled the ecosystem by inventing an absolute monopoly on the distribution of software, on […]

Ryanair Holdings plc NASDAQ: RYAAY Takes Another Coronavirus Beating

Ryanair Holdings plc NASDAQ: RYAAY Takes Another Coronavirus Beating

#RYANAIR $RYAAY Irish no-frills airline Ryanair nosedived into the red in its first quarter, as the coronavirus pandemic decimated air travel demand and grounded fleets worldwide, the group said Monday. Dublin-based Ryanair suffered a loss after taxation of 185 million euros ($216 million) in the three months to the end of June, or first quarter […]

India Banning China’s Big Tech Companies

India Banning China’s Big Tech Companies

#TENCENT $TCEHY India has banned 47 more Chinese apps just weeks after blocking the highly popular video-sharing platform TikTok and 58 others over national security and privacy concerns, an information ministry official and media reports said Monday. Tensions between the world’s two most-populous nations soared last month after a Himalayan border clash that left 20 […]

IBM (NYSE:IBM) Take a Look at the US Economy

IBM (NYSE:IBM) Take a Look at the US Economy

The most recent findings from an ongoing IBM (NYSE:IBM) Institute for Business Value (IBV) survey of U.S. consumers show that Americans remain concerned about returning to the workplace in the face of the ongoing pandemic, and expect further outbreaks of COVID-19 in the fall. The July research revealed a slight contrast in consumer attitudes compared to […]

Bank7 Corp. (NASDAQ:BSVN) a Coronavirus Winner

Bank7 Corp. (NASDAQ:BSVN)  a Coronavirus Winner

Bank7 Corp. (NASDAQ:BSVN) (“the Company”), the parent company of Oklahoma City-based Bank7 (the “Bank”), today reported unaudited results for the fiscal quarter ended June 30, 2020.  “We are happy to report strong second quarter earnings reflected by (i) record pre-tax, pre-provision earnings and (ii) net income substantially in line with previous quarters. Clearly, the future is uncertain […]

Coolmore Spend Big at Magic Millions

Coolmore Spend Big at Magic Millions

Champion mare Sunlight smashed the all time Magic Millions auction record when she sold for $4.2 million on a spectacular Day One of the National Broodmare Sale on the Gold Coast today. Coolmore Stud’s Tom Magnier snapped up the mare and was among three seven figure purchases for his Hunter Valley operation. “We are very lucky […]

The Hang Seng Tech Index is a Game Changer

The Hang Seng Tech Index is a Game Changer

$BABA $JD Hong Kong’s stock market launched a new index on Monday tracking China’s tech giants as they become increasingly dominant players on the city’s exchange. The Hang Seng Tech Index tracks the top 30 tech firms listed in the city — including Alibaba, JD.com, Tencent, Xiaomi and Meituan Dianping. Hong Kong has become an […]

Can the US Rebound 20% this Year

Can the US Rebound 20% this Year

The US economy will grow on the order of 20 percent in the third and fourth quarters, a top White House economic adviser predicted Sunday, despite reopening setbacks linked to a coronavirus resurgence. “I don’t deny that some of these hotspot states moderate that recovery, but on the whole the picture is very positive,” Larry […]

Gold has a Long History of Wealth Preservation

Gold has a Long History of Wealth Preservation

Gold struck a record high of $1,944.71 in Asian trading on Monday as traders piled into the “safe haven” investment, a status that is a product of the characteristics that have long made the metal useful in finance. The Egyptians were the first to mine gold somewhere around 3000 BC. The fairly balanced distribution of […]

Did HSBC Frame Huawei

Did HSBC Frame Huawei

London-based HSBC bank has denied Chinese media reports that it had “framed” telecom giant Huawei or “fabricated evidence” that led to the arrest of a top company official. Washington’s investigations into Huawei — for allegedly violating US sanctions on Iran — started before the bank’s involvement with the company in late 2016, the lender said […]

Galway Races Summer Festival

Galway Races Summer Festival

Galway Races Summer Festival is one of dozens of events having to adapt to the new normal – but staff at the racecourse are working round the clock to make sure this year’s bonanza still captures its famous old magic, writes Will Jennings. The storied seven-day showpiece stands tall as one of the quintessential staples of […]

Ping An Bank HK:2318 Asia’s Best Digital Bank

Ping An Bank HK:2318 Asia’s Best Digital Bank

Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEx:2318; SSE:601318) announced that the Group’s subsidiary, Ping An Bank Co., Ltd. (hereafter “Ping An Bank”, SZ:000001) won the “Asia’s Best Digital Bank” award in Euromoney’s Awards for Excellence 2020. Ping An Bank is China’s first bank to receive this award. […]

Siskin Heads to Glorious Goodwood

Siskin Heads to Glorious Goodwood

Colin Keane admits Siskin will need to improve if he is to land his second Group One triumph of the season in Wednesday’s Qatar Sussex Stakes, writes Will Jennings. Red-hot jockey Keane guided Ger Lyons’ cracking colt to a searing victory in the Tattersalls Irish 2000 Guineas at the Curragh last month, with the trainer now […]

Thailand Still an Investment Destination

Thailand Still an Investment Destination

From January 2019 to June 2020, international and local investors have filed 116 investment promotion applications for food processing and drinks manufacturing projects in Thailand, representing a total value of 18.8 billion baht (ca. 600 million US dollars), the Thailand Board of Investment (BOI) states. In the first half of this year alone, some 5.84 […]

Enable Makes History

Enable Makes History

Aidan O’Brien was left disappointed after Enable roared to an emphatic victory over Sovereign and Japan to secure her record third King George VI and Elizabeth Stakes triumph at Ascot, writes Will Jennings. The master of Ballydoyle was all that stood between the marvel mare and King George immortality, but Frankie Dettori piloted John Gosden’s mount […]

The Boston Beer Company, Inc. (NYSE:SAM) Worth Watching

The Boston Beer Company, Inc. (NYSE:SAM) Worth Watching

The Boston Beer Company, Inc. (NYSE:SAM) reported second quarter 2020 net revenue of $452.1 million, an increase of $133.7 million or 42.0%, from the same period last year.  Net income for the second quarter was $60.1 million, an increase of $32.3 million or 116% from the same period last year. Earnings per diluted share were […]

American Pharoah is the Sire on Fire

American Pharoah is the Sire on Fire

It was a fourth winner in three days for American Pharoah on Saturday when American Dream (3f American Pharoah x Dancing Alone, by Kingmambo) broke her maiden in her second start. Racing over 7 ½ furlongs on the turf at Louisiana Downs, the Peter Blum homebred broke slowly and was settled by jockey Joel Dominguez […]

Stradivarius Looks for 4th Goodwood Cup

Stradivarius Looks for 4th Goodwood Cup

Stradivarius heads a field of seven runners entered for next weeks Al Shaqab Goodwood Cup on day one of the Qatar Goodwood Festival. The Stayers King has become a household name in the racing world as a whole and next Tuesday he will look to tread where no horse has trodden before – a fourth […]

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