Strong Demand for Uncle Mo

Strong Demand for Uncle Mo

An outstanding sale for Uncle Mo continued on Wednesday at the Keeneland September Yearling Sale when the stallion’s $950,000 colt out of Bella Rafaela topped the session. Going through the ring early in the day for the Gainesway consignment, the colt was hammed down to Mayberry Farm as one of six to sell for the […]

China Prepares for TikTok Retaliation

China Prepares for TikTok Retaliation

#CHINA #TIKTOK #HUAWEI China said Saturday it had launched a mechanism enabling it to restrict foreign entities, a much-anticipated move seen as retaliation to US penalties against Chinese companies such as telecom giant Huawei. An announcement by the Ministry of Commerce did not mention any specific foreign entities, but broadly spelled out the factors that […]

ParisLongchamp, the Qatar Arc Trials

ParisLongchamp, the Qatar Arc Trials

#ParisLongchamp #horseracing #france On Sunday at ParisLongchamp, the Qatar Arc Trials will take place. Three races, two Group 1s and a Group 2, to prepare for the Qatar Prix de l’Arc de Triomphe, the Thoroughbred World Championship which will take place on the 4th October. Three weeks until this huge event, now it’s time to […]

GBP Oversold as Britain Defends Sovereignty Against Socialists

GBP Oversold as Britain Defends Sovereignty Against Socialists

$GBP #BREXIT #EUROPE #EU Britain’s government vowed on Friday to press on with troubled EU talks, despite rejecting an ultimatum to withdraw Brexit legislation that has sparked a rebellion from outraged Conservatives in its own ranks. Prime Minister Boris Johnson trumpeted a free-trade agreement with Japan — Britain’s first such pact since the country quit […]

David Beckham’s Guild Esports IPO

David Beckham’s Guild Esports IPO

David Beckham’s eSports company hopes to raise £20 million by listing its shares on the London Stock Exchange as it bids to become a leading force in the booming industry. Guild Esports plans to set up and field dedicated teams to compete in four online games — Fortnite, CS:Go, Rocket League and FIFA. Guild, whose […]

Coronavirus Lockdowns Kills Retail Drives Ecommerce

Coronavirus Lockdowns Kills Retail Drives Ecommerce

$AMZN $BABA #ALIBABA #AMAZON #ECOMMERCE #RETAIL While large traditional retailers announce big lay-offs because of the pandemic, sometimes shedding thousands of staff, coronavirus lockdowns have in contrast given e-commerce a major boost. Recent data shows a shift to shopping online — according to Kantar consulting group, international e-commerce grew 41 percent in only three months […]

Elon Musk Neuralink

Futurist entrepreneur Elon Musk late Friday demonstrated progress made by his Neuralink startup in meshing brains with computers, saying the work is essential to the future of humanity. Musk has long contended that a neural lace merging minds with machines is vital if people are going to avoid being so outpaced by artificial intelligence that, […]

More Mixed Data on US Economy

More Mixed Data on US Economy

$USD #CORONAVIRUS #COVID19 US consumers continued to spend in July but the gains were much slower than the prior two months amid a surge in coronavirus cases, and confidence remained in a “depressed range,” according to new data released Friday. Separately, Coca-Cola and MGM Resorts became the latest major companies to announce massive layoffs as […]

GBP to Strengthen as UK Returns to Work

GBP to Strengthen as UK Returns to Work

$GBP #UK #GBP #CORONAVIRUS Britain’s government on Friday urged people to return to work amid concern about the impact of the coronavirus lockdown on the economy and struggling high street businesses. “It is now safe to go back to work,” Transport Secretary Grant Shapps told Sky News television in an interview. “I think there’s a […]

Canada Sees 38.7% Economic Contraction

Canada Sees 38.7% Economic Contraction

#canada $CAD #coronavirus Canada’s economy shrank at a record annualized pace of 38.7 percent in the second quarter as a nationwide pandemic lockdown closed businesses and curtailed spending, the government statistical agency said Friday. Declines were recorded across the board including in consumer spending, business investment, trade and tourism — in line with analyst forecasts, […]

History of Horse Racing in Deauville France

History of Horse Racing in Deauville France

#Deauville #France #Horseracing “Mornyville”: this was the name used in 1864 by Le Sport newspaper to refer to the small town of Deauville, separated by the La Toucques river from her twin town of Trouville-Les-Bains. Over one hundred and fifty villas, a casino and a grand hotel had already been constructed there when the Duc […]

US Economic Data is Still Negative

US Economic Data is Still Negative

27 million people are still receiving some form of government assistance The new estimate shows GDP collapsing at an annualized rate of 31.7 percent Trump styled tax cuts will be essential in lifting the economy and at this stage the election of a high tax Biden Government would spell disaster for the USA. “I contend […]

Low Rates Here to Stay USD to Weaken Further Over Next 5 Years

Low Rates Here to Stay USD to Weaken Further Over Next 5 Years

The US central bank rolled out a major policy change on Thursday that gives greater weight to its mission of maximizing employment for the benefit of lower income families, while ratcheting back its emphasis on fighting inflation. The effect will be a continued weakening of the USD and an increase in the value of Gold. […]

Meet Amazon Halo

#amazon #halo $AMZN Amazon on Thursday unveiled a wristband that goes beyond simply tracking activity to gauging how happy a person is by the sound of their voice. Amazon Halo combines data gathered by a sensor-packed wristband with artificial intelligence tools to provide wearers with feedback regarding their physical and mental health, the internet titan […]

Trump to Buy 150 million rapid COVID-19 tests

Trump to Buy 150 million rapid COVID-19 tests

#TRUMP #COVID19 #CORONAVIRUS US President Donald Trump will announce on Thursday a deal for 150 million rapid COVID-19 tests as he eyes a return to normal life ahead of November’s elections, White House officials told AFP. The purchase from Abbott Laboratories is part of a $750 million deal with the company, a senior administration official […]

CFOs Cite Risks of New Virus Waves and Growing Skepticism About the Pace of Recovery

CFOs Cite Risks of New Virus Waves and Growing Skepticism About the Pace of Recovery

CFOs express concerns over new virus waves, more shutdowns, and the pandemic triggering a longer-term recession. Eighty-four percent of CFOs now say equity markets are overvalued — the second-highest level in survey history. Just 2% say markets are undervalued. On average, CFOs expect to achieve 74% of their originally budgeted 2020 revenue; there are substantial […]

US China Trade Update

US China Trade Update

Top Chinese and US negotiators spoke on the phone Tuesday and agreed to “push forward” their phase one economic deal, amid soaring tensions between the two sides on several fronts. The US and China signed the accord in January, bringing a partial truce in their lingering trade war and obliging Beijing to import an additional […]

Battaash Headed to US$1 million Breeders’ Cup Turf Sprint G1

Battaash Headed to US$1 million Breeders’ Cup Turf Sprint G1

#battaash #breederscup Sheikh Hamdan Al Maktoum’s star sprinter Battaash (IRE) overcame challenging conditions to record back-to-back wins in the Coolmore Nunthorpe Stakes (G1) at York on Friday. The victory secures Battaash a guaranteed start in the US$1 million Breeders’ Cup Turf Sprint (G1) through the international Breeders’ Cup Challenge Series. The Breeders’ Cup Challenge is a series of stakes races whose winners receive automatic starting […]

There is No Longer a Connection Between Wall Street and the US Economy

There is No Longer a Connection Between Wall Street and the US Economy

The record highs attained by Wall Street last week might come as welcome news for US President Donald Trump but it has been a long time since US Markets reflected the US Economy. The stock market is not the economy Apple, Google, Facebook and the majority of the big tech companies driving the Wall Street […]

Win or Lose Democrats Will Destroy America

Win or Lose Democrats Will Destroy America

#democrats #joebiden #economy The US Economy is doomed and will die at the hands of the Democrats. Democrats and their minions BLM and Antifa are already laying waste to several cities in the USA. Their Puppets attack everything in the name of one of many Minorities. Hope the US is gone. Should Trump win in […]

Prix de l’Arc de Triomphe 2020 Will be Spectacular

#enable #love #Ghaiyyath Love, is indeed, all you need – except perhaps if your name is Enable? The Aidan O’Brien-trained Ballydoyle filly added another Group 1 to what has already been a glamorous three-year-old campaign by winning the Darley Yorkshire Oaks in a canter. The chestnut was rightly well fancied before the race due to […]

Big Tech Want to Decide the US Election

Big Tech Want to Decide the US Election

$TWTR $GOOG $MSFT #FRAUD #ELECTION Google, Microsoft, Reddit, Pinterest, Twitter and the corrupt FBI have had a series of meetings to aimed at defeating Trump. This is looking less like an election and more like a take over. Twitter on Friday said it is bracing for efforts by President Donald Trump or others to attack […]

The Aston Martin Lagonda Taraf Is the World’s Most Expensive Luxury Sedan

#astonmartin #lagonda #taraf #video The Aston Martin Lagonda Taraf Is the World’s Most Expensive Luxury Sedan The Lagonda Taraf is a four-door full-sized luxury car manufactured by Lagonda, a marque owned by British automobile manufacturer Aston Martin since 1947. The name “Taraf” means ultimate luxury in Arabic. Only 120 cars were built, each of which […]

Alibaba (NYSE:BABA) a Coronavirus Winner

Alibaba (NYSE:BABA) a Coronavirus Winner

$BABA #CORONAVIRUS #CHINA #ALIBABA Chinese e-commerce leader Alibaba on Thursday reported solid 34 percent growth in revenue for the April-June quarter in the latest sign that the coronavirus, rather than hurting the company, had actually helped. Hangzhou-based Alibaba said revenue — a key measure of the internet giant’s business health as well as overall Chinese […]

Airbnb IPO

Airbnb IPO

#Airbnb #IPO Home-sharing startup Airbnb said it has confidentially filed with US regulators for an initial public offering. The number of shares and price has yet to be determined, according to the San Francisco-based company. The move comes as the travel industry suffers an economic blow from the coronavirus pandemic amid slowdowns in tourism. Airbnb […]

Robert V Matthews Takes a Look at Luxury Villas in Tuscany

Robert V Matthews luxury Real Estate guru takes a look at another discount market worth investing in for the future, Tuscany, Italy. Tuscany is a region in central Italy. Its capital, Florence, is home to some of the world’s most recognizable Renaissance art and architecture, including Michelangelo’s “David” statue, Botticelli’s works in the Uffizi Gallery […]

Understanding Benford’s Law

Benford’s Law is a difficult one to accept, but I have personally spent many hours checking randomly different sets of data and there is not doubt Benford’s Law is a fact. We all know the 26 letters of the Alphabet and can understand that different letters have different usage rates: The top ten most common […]

The Euro is Headed Below $1 USD

The Euro is Headed Below $1 USD

$EURUSD #EURO #DRAGHI Former European Central Bank chief, and one of the architect’s of Europe disaster Mario Draghi, made a hollow call on European governments on Tuesday to ensure the colossal amounts of debt countries are running up in the wake of the coronavirus pandemic are invested in upgrading their economies so that future generations […]

Walmart Inc. (NYSE:WMT) Captures Stimulus Spending

Walmart Inc. (NYSE:WMT) Captures Stimulus Spending

$WMT #WALMART #STIMULUS #COVID19 Walmart reported Tuesday a jump in second-quarter profits due to surging e-commerce sales during the coronavirus pandemic and US stimulus payments that propelled consumer spending. Net income was $6.5 billion, up nearly 80 percent from the year-ago period, boosted also by a large gain based on its investment in Chinese company […]

Lockheed Martin (NYSE:LMT) Cashing in on Political Shifts

Lockheed Martin (NYSE:LMT) Cashing in on Political Shifts

Taiwan finalized the purchase of F-16 fighter jets from US aircraft manufacturer Lockheed Martin on Friday, a source confirmed to AFP, in a $62 billion, 10-year deal sure to anger Beijing. Read more about the Socialism in the USA Underscoring the sensitivity of the transaction, the Pentagon announced the contract without specifying the buyer, but […]

US Politics is Officially Off Course

US Politics is Officially Off Course

There will be no winning for the US in November. Neither of the candidates will act in the long term best interests of the economy, clearly US Politics is simply about “winning power”. The USA is now the land of free money, Government handouts and bailouts from both sides will add a weight to the […]

Trump Continues Attack on Free Trade

Trump Continues Attack on Free Trade

#TikTok #ByteDance #China US President Donald Trump late Friday lashed out anew at ByteDance, issuing a fresh executive order stating the Chinese internet giant must sell its interest in the Musical.ly app it bought and merged with TikTok. The move endangers US Tech giants as it spells out the case of how much spying is […]

US Economy Struggling with Covid-19

US Economy Struggling with Covid-19

#covid19 #coronavirus #usa The US economy continues to regain ground as the coronavirus crisis drags on, with retailers and manufacturing posting gains, but new data Friday show progress is slowing and continued recovery is in doubt amid a political stalemate over a new aid package. Economists warn that the massive money printing approved by Congress […]

Inglis Premier Yearling Sale 3YOs Here for Spring

Inglis Premier Yearling Sale 3YOs Here for Spring

A pair of Premier Yearling Sale 3YOs announced themselves as serious Spring contenders with dominant Group wins today as Inglis graduates won Stakes races in four States. Magnificent colt North Pacific (Brazen Beau x Up In Lights) – who topped the 2018 Premier Sale at $800,000 – surged into G1 Golden Rose favouritism with a […]

Corporate Greed at Apple May Endanger iPhone Sales

Corporate Greed at Apple May Endanger iPhone Sales

$APPL $FB #APPSTORE #IPHONE Facebook on Friday joined the attack on Apple’s operation of its App Store after the iPhone maker refused to forgo its commission on live online events hosted on the social network that allow people to make money during the pandemic. The comments from Facebook come in the wake of a blockbuster […]

Robert V Matthews: Luxury Real Estate Lake Como Italy

Real Estate genius and the mind behind some of Palm Beach’s best real estate Robert V Matthews shares some of his inspiration. “it is a buyers market now, if you ever wanted to acquire something special real estate wise the timing has never been better” says Robert V Matthews. Today he takes us for a […]

Apple and Google Try to Kill Epic Games

Apple and Google Try to Kill Epic Games

Apple and Google on Thursday pulled video game sensation Fortnite from their mobile app shops after its maker Epic Games released an update that dodges revenue sharing with the tech giants. The latest version of Fortnite contains a payment system that lets player transactions bypass Apple’s App Store and Google’s Play, preventing the firms from […]

Asia Waiting for USA to Print Money

Asia Waiting for USA to Print Money

Asian markets drifted Friday as investors grew increasingly concerned about the stalemate in Washington on a new stimulus for the world’s top economy. Hopes that Democrats and Republicans would cast aside their mutual animosity to stump up much-needed cash for struggling Americans have been key to supporting equities for weeks. But they were dealt a […]

Triller, Byte, Dubsmash and now Instagram Copy TikTok

Triller, Byte, Dubsmash and now Instagram Copy TikTok

#tiktok #instagram $FB Triller, Byte, Dubsmash and now Instagram — there’s no shortage of rivals circling to grab a slice of troubled TikTok’s teen-centric platform for short-form videos, but can any of them come out on top? US President Donald Trump’s offensive against two major Chinese internet brands, including TikTok’s parent company ByteDance, has opened […]

Is Tencent Holdings Limited (OTC:TCEHY) in Trump’s Sites

Is Tencent Holdings Limited (OTC:TCEHY) in Trump’s Sites

Trump is continuing his anti-free trade attack on foreign firms and Tencent might be next. Chinese tech firm Tencent, the parent company of social media giant WeChat, said Wednesday its revenue jumped 28 percent in the first half of this year as the coronavirus pandemic kept people glued to their screens. But the better-than-expected results […]

An Old White Guy and a Cop: Democrats Openly Mock their BLM Supporters

An Old White Guy and a Cop: Democrats Openly Mock their BLM Supporters

#joebiden #kamalaharris Joe Biden the worst Democrat to be put forward as President has openly mocked progressives by choosing a Cop as his running mate. The Democratic challenger picked former California Senator and former prosecutor Kamala Harris, after promising to only select a Black woman for the role. CreepyJoe announced his pick on Tuesday, Biden […]

Uber (NYSE:UBER) California Socialism May End Local Service

Uber (NYSE:UBER) California Socialism May End Local Service

#UBER #CALIFORNIA $UBER A California court has given Uber and Lyft until the middle of next week to reclassify drivers as employees in compliance with a new state law. The order came Monday when a judge granted a restraining order in a lawsuit filed by California attorney general Xavier Becerra and three cities including San […]

Democrats Staging a Coup d’état by Proxy

Democrats Staging a Coup d’état by Proxy

#DEMOCRATS #BLM #ANTIFA #JOEBIDEN There is little doubt now that the Democratic party are no longer interested in winning an election, they have opted to use their minions BLM and Antifa to stage a Coup d’état. Joe Biden is nothing more then a sideshow, most days he has trouble remembering his name or what year […]

USA has Killed Hong Kong Trade

USA has Killed Hong Kong Trade

Goods imported from Hong Kong must be marked “Made in China” to be sold in the United States as part of Washington’s punitive response to a sweeping clampdown on the city, US customs authorities were set to announce Tuesday. Last month, President Donald Trump retaliated to Beijing’s imposition of a tough new security law in […]

COVID-19 The Vaccine is Here

COVID-19 The Vaccine is Here

#COVID10 #CORONAVIRUS #Vaccine With Russia’s announcement Tuesday that it had become the first country to approve a vaccine against COVID-19, here is a look at the more than two dozen other candidates currently in development. – ‘Sputnik’ – Russian President Vladimir Putin shocked the international community by claiming the new vaccine — dubbed “Sputnik V” […]

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 […]