10 Best Places to Visit in Thailand – Travel Video

#TRAVEL #THAILAND July is a month of the rainy season. The atmosphere is rainy, moist and cool. Every water resource is filled again, perfect for a challenging activity which is popular among both Thai and foreign tourists: rafting. In a flooding season like this, the more water, the more fun and challenge. Our recommended places […]

Did EY Help Wirecard Fraud?

Did EY Help Wirecard  Fraud?

Global audit giant EY is facing growing questions and threats of legal action over its role in the bankruptcy of German payments processor Wirecard after signing off on the accounts for years. Some plaintiffs have already launched legal cases against EY after Wirecard’s spectacular bankruptcy last week. German shareholders’ association SdK said Friday it had […]

Atlantis Paradise Island Bahamas to Reopen

Atlantis Paradise Island Bahamas to Reopen

Atlantis Paradise Island announced today that the iconic resort property located on Paradise Island in The Bahamas would welcome guests to The Royal and Harborside Resort beginning July 7 and The Cove on July 14,  as part of a phased reopening. The resort partnered with the world-renowned Cleveland Clinic and launched the Atlantis Clean & Safe […]

Simon Property Group Inc (NYSE:SPG) Upgraded on Thailand Opening

Simon Property Group Inc (NYSE:SPG) Upgraded on Thailand Opening

 Simon announced today the grand opening of Siam Premium Outlets Bangkok, marking the arrival of Thailand’s first Premium Outlets®, bringing the world’s most popular brand of outlet shopping to the country. “We are thrilled to celebrate the opening of our newest Premium Outlet center serving the vibrant Bangkok region, as part of our continued international […]

Affordable Home Prices Outpace Expensive Homes

Affordable Home Prices Outpace Expensive Homes

(NASDAQ: RDFN) — Prices of the most affordable third of homes in the U.S. climbed 5.5% year over year during the 12 weeks ending May 31, while prices of the most expensive third of homes increased just 2%, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. Price growth began accelerating […]

Tencent Holdings Ltd OTC:TCTZF on Way to $100

Tencent Holdings Ltd OTC:TCTZF on Way to $100

#tencent $tstzf #china #games #tech #strongbuy Tencent Games, the world-leading game development, publishing and operation platform, unveiled a new chapter in innovative gameplay and quality games with a roadmap of more than 40 game product updates, including new self-developed and licensed games with fan favorite intellectual property (IP). The announcement made at the Tencent Games […]

Samsung is the Best 5G Stock to Own

Samsung is the Best 5G Stock to Own

#samsung #5g #huawei #sanctions With growing pressure to keep China’s Huawei out of 5G network development, it could be time for firms like Japan’s NEC and South Korea’s Samsung to shine. Washington has pushed allies to bar Huawei, a Chinese telecom giant, from building next-generation 5G mobile networks, claiming its equipment can be used to […]

Marijuana Stocks May Struggle in 2020

Marijuana Stocks May Struggle in 2020

Sales jumped almost 20 percent in March from the previous month and continued at a brisk pace through April, according to the government statistical agency. Classified as an essential service, pot stores remained open while online sales exploded. Industry expert Bradley Poulos, who teaches at Ryerson University in Toronto, said the pandemic has had a […]

The Kentucky Derby Will Have Spectators

The Kentucky Derby Will Have Spectators

#kentuckyderby #coronavirus #churchilldowns #kentucky The Kentucky Derby, which was rescheduled for September. 5 due to the novel coronavirus, will allow spectators onto the grounds to watch the Run for the Roses even as COVID-19 infections surge across parts of the United States, Churchill Downs Racetrack said on Thursday. “Our team is deeply committed to holding […]

Another Big Weekend for American Pharoah

Another Big Weekend for American Pharoah

#AmericanPharoah #kentucky #coolmore #ireland Harvey’s Lil Goil (3f American Pharoah x Gloria S., by Tapit) became the third Grade III winner in a week for American Pharoah and fifth stakes horse in 10 days with her win in the Grade III Regret Stakes at Churchill Downs on Saturday. Always shadowing the leader through the 1 […]

Owners to Return to Keeneland

Owners to Return to Keeneland

Keeneland has been granted approval to permit a limited number of participating owners to attend the upcoming Summer Meet, to be held July 8-12. Keeneland officials collaborated with Kentucky Gov. Andy Beshear and state public health officials to develop a plan that ensures the safety of horsemen and track employees under the Healthy at Work […]

Q1 GDP and Corporate Profits Data USA

Q1 GDP and Corporate Profits Data USA

#GDP #USA #FX #USD #CORONAVIRUS Real gross domestic product (GDP) decreased at an annual rate of 5.0 percent in the first quarter of 2020 (table 1), according to the “third” estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.1 percent. The GDP estimate released today is based on […]

Personal Income and Outlays: May 2020

Personal Income and Outlays: May 2020

$BAC $JPM $USD #ECONOMY #USA Personal income decreased $874.2 billion (4.2 percent) in May according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) decreased $911.1 billion (4.9 percent) and personal consumption expenditures (PCE) increased $994.5 billion (8.2 percent). Real DPI decreased 5.0 percent in May […]

All You Need To Know About Irish Racing This Weekend

All You Need To Know About Irish Racing This Weekend

It’s all eyes on the Curragh this weekend as the famous course hosts a bumper triple-header of racing action, broadcast live to the nation on RTE. The thrills and spills get underway on Friday when coverage starts at 7pm and you can watch some of Ireland’s most promising fillies – young female horses – duel […]

Sadiq Khan Continues to Destroy London

Sadiq Khan Continues to Destroy London

The chief of London’s police, Cressida Dick, has denounced the “utterly unacceptable” aggression shown towards police officers – 140 of whom have suffered injuries, after a spate of illegal parties and Black Lives Matter protests. The Metropolitan Police commissioner revealed on Friday that a large number of officers had been injured over the last three […]

Breeders Cup the Focus at Churchill Downs

Breeders Cup the Focus at Churchill Downs

Stakes-winning veterans Tom’s d’Etat and By My Standards headline a battle for the second automatic berth of 2020 into the $7 million Longines Breeders’ Cup Classic (G1) this Saturday, June 27, at Churchill Downs in Louisville, Ky., in the Grade 2, $500,000 Stephen Foster, live at 5 p.m. ET on NBC. The Stephen Foster broadcast is part of the […]

American Pharoah Colt Stars at Tattersalls

American Pharoah Colt Stars at Tattersalls

A 2-year-old American Pharoah colt became the Triple Crown winner’s latest sales ring success when he sold for 400,000gns at the Tattersalls Craven Breeze-Up Sale on Wednesday as the second most expensive offering of the one-day sale. Bred by Bridlewood Farm, the colt out of Harlan’s Honor was purchased by Simon Chappell from Star Bloodstock. […]

Prix du Muguet History: A source of great milers

Prix du Muguet History: A source of great milers

Prix du Muguet Group 2, 4-year-olds and above, 1,600m/1m, €90,000 Created in 1967 Last winner: Plumatic (h5, GB by Dubawi and Plumania, by Anabaa), owned by Wertheimer&Frère, bred by Wertheimer&Frère, trained by André Fabre, ridden by Vincent Cheminaud. Record-time: 1’35’’90 by Redmead in 1984. The race would be run in 2020 for the 52nd time The 2019 edition Last going into […]

Microsoft Corp. (NASDAQ: MSFT) Exits Physical Retail

Microsoft Corp. (NASDAQ: MSFT) Exits Physical Retail

Microsoft Corp. (NASDAQ: MSFT) (“Microsoft”) today announced a strategic change in its retail operations, including closing Microsoft Store physical locations. The company’s retail team members will continue to serve customers from Microsoft corporate facilities and remotely providing sales, training, and support. Microsoft will continue to invest in its digital storefronts on Microsoft.com, and stores in Xbox and Windows, reaching […]

A Visit to Sydney Australia

A Visit to Sydney Australia

If you haven’t been to Sydney, now’s the time to put this Aussie gem on your travelling radar. One of the world’s dream destinations, Sydney boasts the soaring sails of Sydney Opera House, glittering Sydney Harbour and world-famous beaches. Beyond the icons, explore the urban essence of Sydney in neighbourhoods such as Chippendale, Surry Hills and […]

British Supermarket Tesco a Corona-virus Success

British Supermarket Tesco a Corona-virus Success

British supermarket giant Tesco announced Friday that its first-quarter sales jumped eight percent, boosted by rocketing online purchases as people switched to grocery deliveries during the nationwide coronavirus lockdown. Total sales excluding petrol surged to £13.4 billion ($16.6 billion, 14.8 billion euros) during the company’s first quarter — the 13 weeks to end-May — compared […]

USA’s Bad Year by the Numbers

USA’s Bad Year by the Numbers

The US economy shrank by an annualized 5 percent in the first quarter of 2020, in line with the previous estimate and ending the longest period of expansion in the country’s history, final figures showed. It is the biggest drop in GDP since the last quarter of 2008 as the Covid-19 pandemic forced several states […]

EU Prints Billions for Lufthansa and it is Just the Beginning

EU Prints Billions for Lufthansa and it is Just the Beginning

#EURUSD #EU #EUROPE #BAILOUT The EU’s top competition authority approved the massive bailout of Lufthansa by the German government on Thursday, saving one of the world’s biggest airlines from bankruptcy, but under conditions. This is the start of Europe’s bailouts that could see trillions printed and the Euro continue to erode in value. The European […]

Softbank Alibaba Split May Be Move to Cash in on $BABA

Softbank Alibaba Split May Be Move to Cash in on $BABA

Softbank is bleeding cash and may sell $BABA stock $BABA will do better in China without the perceived influence of Japan SoftBank Group founder Masayoshi Son announced Thursday he was leaving the board of Alibaba as Jack Ma, the charismatic co-founder of the Chinese e-commerce giant, also leaves SoftBank’s board. Son made the unexpected move […]

Asia’s Booming Tech Sector: Tencent Continues Growth

Asia’s Booming Tech Sector: Tencent Continues Growth

Tencent Holdings Ltd 0700.HK Target HKD$1000 Chinese internet giant Tencent said Thursday it had bought some assets of struggling Asian streaming service iflix, in a major expansion of its online video presence in the region. Western firms, led by Netflix, dominate streaming globally but companies from the world’s number two economy have been taking tentative […]

Qantas is Just the Beginning of the Australian Dollars Trouble

Qantas is Just the Beginning of the Australian Dollars Trouble

#FX #AUDUSD #AUD #AUSTRALIA Already over taxed and under serviced the Aussie worker is taking on an increasing amount of debt via Government bail-out and assistance programs. Afer making themselves dependent on China they now find themselves at odds with their self appointed benefactor. Government Debt to GDP in Australia averaged 24.41 percent from 1989 […]

Theo E.J. Wilson | A black man goes undercover in the alt-right

#blm #racism #politics #altright I took a cell phone and accidentally made myself famous.  (Laughter)  I was just talking about the things that I cared about, but with the click of a button and an incendiary viral video I propelled myself into overnight stardom. When I say overnight, I mean I literally woke up the next morning with so many notifications on […]

Corona-virus Update

Corona-virus Update

#coronavirus #travel #latestnews #economy #usa More than 78,000 people were diagnosed with COVID-19 in the US and in Brazil alone Wednesday, as the IMF laid out the unprecedented economic devastation caused by the global pandemic and the WHO warned the number of infections could reach 10 million worldwide within the next week. As many countries […]

Black Lives Matter Protests Created Spike in Corona Cases

Black Lives Matter Protests Created Spike in Corona Cases

#blacklivesmatter #BLM #coronavirus #usa #democrats Once again the USA has smashed its own record for the number of coronavirus cases recorded in a single day, with more than 38,000 new patients confirmed in the last 24 hours, topping a high set in April, as some states see infections spike. While the mainstream media have ignored […]

The Coronavirus Reaction Had Heavy Economic Price

The Coronavirus Reaction Had Heavy Economic Price

Global trade is expected to drop around 18.5 percent year-on-year in the second quarter of this year in a huge coronavirus-driven plunge which nonetheless could have been much worse, the World Trade Organization said Tuesday. The WTO said that in the first quarter, the volume of merchandise trade shrank by three percent compared to the […]

Europe Auto Sector Tames Massive Hit

Europe Auto Sector Tames Massive Hit

Auto sales in Europe this year will tumble a record 25 percent due to the coronavirus pandemic which has left manufacturers facing a “major economic crisis”, a top industry group said Tuesday. The European Automobile Manufacturers Association(ACEA) also urged the European Union and member state governments to help the industry recover and safeguard jobs. EU […]

Don’t Bet on High Oil Prices

Don’t Bet on High Oil Prices

The IEA Oil Market Report (OMR) is one of the world’s most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Oil demand in […]

Banking in Australia is a Closed, Corrupt Shop

Banking in Australia is a Closed, Corrupt Shop

Australia’s Commonwealth Bank faces hefty fines for alleged misconduct in the sale of pension products, regulators said Tuesday, the latest in a flurry of scandals to rock the country’s finance industry. The Australian Securities and Investments Commission (ASIC) on Tuesday accused Commonwealth Bank (CBA) of receiving Aus$22 million ($15 million) in prohibited payments from a […]

Mortgage Crisis Looms in USA

Mortgage Crisis Looms in USA

– Another 723,000 homeowners became past due on their mortgages in May, pushing the national delinquency rate to its highest level in 8.5 years – There are now 4.3 million homeowners past due on their mortgages or in active foreclosure — including those in forbearance who have missed scheduled payments as part of their plans […]

Asia Turns Positive on Coronavirus News

Asia Turns Positive on Coronavirus News

$ES=F $YM=F $NQ=F Stocks mostly rose Tuesday as investors continue to see the positives in the reopening of economies around the world, which is offsetting worries about a second wave of infections. But the possibility of a renewed China-US trade war hurtled back into the mix after top White House economics adviser Peter Navarro said […]

SoftBank Group said Tuesday it will sell $21 billion T-Mobile shares

SoftBank Group said Tuesday it will sell $21 billion T-Mobile shares

$SFTBY $TMUS Japanese tech investment behemoth SoftBank Group said Tuesday it will sell T-Mobile shares worth over $21 billion as it sheds assets to shore up its financial health. The move comes a month after SoftBank announced an eye-watering $8.9 billion annual net loss, hit hard by troubles with its unicorn investments including WeWork, as […]

July August Shaping up for a Fast Correction and Rebound

July August Shaping up for a Fast Correction and Rebound

Ad Sales Google is expected to see its first decline in US ad revenues this year as the coronavirus pandemic hits travel advertising, a market tracker said Monday. New research by eMarketer indicates Google will still be leading digital advertising but with a smaller share as the market evolves into a “triopoly” with Facebook and […]

Supporting Trump is Hate Speech Say Patagonia, Upwork, North Face and REI

Supporting Trump is Hate Speech Say Patagonia, Upwork, North Face and REI

Several US firms have joined a call by activists to halt ad spending on Facebook over concerns the leading social network has fallen short in efforts to crack down on hate speech and incitements to violence. The sporting goods maker Patagonia added its name to the list Sunday, joining rivals North Face and REI and […]

Riots Reinforced Trump’s 2020 Election Hopes

Riots Reinforced Trump’s 2020 Election Hopes

If you have been sitting watching the news, or out rioting in the Streets, if you think the last weeks behavior brought an end to the Trump administrations 2020 hopes, you are an idiot. What actually happened is a million or so people in America and a couple of people around the world went on […]

George Floyd Protestors: Here is What You Need to Burn 1st

George Floyd Protestors: Here is  What You Need to Burn 1st

Here is a list the Protestors in America can burn that will make America a better place: The Tax Code The tax code, also called the Internal Revenue Code (IRC), is where the actual rules are published. Unfortunately, in addition to being thousands of pages long–in 2014, the IRC was approximately 2,600 pages long–the IRC […]

UK Travel Not Far Away

UK Travel Not Far Away

Britain confirmed Tuesday it was looking at establishing “air bridges” with countries with low rates of coronavirus, exempting them from controversial quarantine measures. Under a plan announced last month to try to limit the spread of COVID-19, international arrivals from June 8 will be required to self-isolate for a fortnight. Ireland is currently the only […]

Warner Music Group IPO

Warner Music Group IPO

Warner Music Group, one of the globe’s “big three” recording companies, is set to proceed with its initial public offering valuing the company up to $13.3 billion. Evidence of streaming’s boon to the once beleaguered recording industry, the closely watched listing could come as soon as Wednesday, according to US media reports. The debut planned […]

Time to Sell The Euro

Time to Sell The Euro

The European Central Bank could announce Thursday hundreds of billions of euros in new bond-buying to keep fighting the pandemic crisis, analysts predict, as EU governments prepare to wrangle for months over a joint response. While some policymakers have urged abandoning the ECB’s self-imposed limits on buying government debt to stoke growth and inflation, the […]

Markets Rally in Asia

Markets Rally in Asia

Hong Kong led an Asia-wide market rally Monday as investors breathed a sigh of relief after Donald Trump fell short of imposing strict measures against China, while a further easing of virus lockdowns continued to provide support. However, violent anti-racism protests across the US have fuelled worries of a pick-up in COVID-19 infections and more […]

China Slow but Still Growing

China Slow but Still Growing

Don’t expect Trump’s policies to concern China overly, they have already built trade routes the world over and will continue to invest regionally in South East Asia. As China exits the Coronavirus ahead of the USA it has significant opportunity to cement trade deals ahead of other nations still stuck in the pandemic quagmire. Factory […]

America’s Violent Society in Numbers

America’s Violent Society in Numbers

The Federal Bureau of Investigation reported that violent crime fell nationwide in the period from 1990 to 2018. Violent crime was at a height of 1.93 million crimes in 1992, but has since reached a low of 1.15 million violent crimes in 2014. When conducting crime reporting, the FBI’s Uniform Crime Reporting Program considered murder, […]

FDA COVID-19 Update

FDA COVID-19 Update

The U.S. Food and Drug Administration today continued to take action in the ongoing response to the COVID-19 pandemic: FDA is making its previously developed FDA MyStudies app available to investigators as a free platform to securely obtain patients’ informed consent for eligible clinical trials when face-to-face contact is not possible or practical due to […]

Hong Kong in Serious Trouble

Hong Kong in Serious Trouble

Washington’s declaration this week that Hong Kong is no longer sufficiently autonomous from China was a historic moment with potentially far-reaching consequences for the finance hub — though much depends on President Donald Trump. The revocation of special status could radically rearrange the fortunes of a city that has served for decades as the global […]

Italy Faces Difficult Path to Recovery

Italy Faces Difficult Path to Recovery

Facing its deepest recession since World War II and with business confidence collapsing, the coronavirus pandemic is hitting Italy’s economy hard. The economy of Italy is the 3rd-largest national economy in the European Union, the 8th-largest by nominal GDP in the world, and the 12th-largest by GDP (PPP). Italy has a major advanced economy and […]

More of America Begins to Open

More of America Begins to Open

Los Angeles restaurants and hair salons were granted permission to reopen immediately Friday, as restrictions were eased despite fears the city has become a coronavirus hotspot. Restaurants in Los Angeles county — which has suffered more than half of California’s virus deaths — will be allowed to offer dine-in services with capacity limited to 60 […]

US Listed China Companies Face a Difficult Time

US Listed China Companies Face a Difficult Time

US President Donald Trump on Friday ordered a probe into the actions of Chinese companies listed on American financial markets as tensions flared anew between the world’s two biggest economies. The announcement followed Beijing’s move to implement a new security law on semi-autonomous Hong Kong that critics say would stifle freedom, as well as with […]

Salesforce (NYSE: CRM) Gears Up for Investor Push

Salesforce (NYSE: CRM) Gears Up for Investor Push

Salesforce (NYSE: CRM), the global leader in CRM, today announced that Salesforce executives will participate in the following investor events: Monday, June 1, 2020: Adam Blitzer, EVP & GM, Marketing Cloud, Commerce Cloud and Community Cloud, will participate in a fireside chat at the Morgan Stanley 2020 Cloud Secular Winners Virtual Conference at 1:00 p.m. […]

Some Life in US Real Estate Market

Some Life in US Real Estate Market

This week brought more evidence of buyers and sellers returning to the market as newly pending sales and new listings are up from the previous week. Inventory continues to be incredibly tight — one reason list prices are growing faster than they were in April. Partly on the strength of that rebound, Zillow’s forecast now […]

Mobile Commerce is the Future

Mobile Commerce is the Future

The latest research from Comscore (Nasdaq: SCOR), a trusted partner for planning, transacting and evaluating media across platforms, shows that as worldwide audiences continue to shift toward engaging more with mobile and multi-platform devices, mobile commerce (m-commerce) is gaining an increasing share of digital commerce. In the 2020 “Global Mobile Payments Outlook” whitepaper, Comscore examines […]

US China Trade War the New Focus as Coronavirus Becomes Old News

US China Trade War the New Focus as Coronavirus Becomes Old News

Global equities mostly sank on Friday as US President Donald Trump readied his response to Beijing’s controversial planned national security law for Hong Kong. Trump has called a news conference to outline his response later Friday, as the heightened tensions overshadow increasing signs that the global coronavirus crisis is easing. “Beijing has defied all US […]

US Economy Takes Corona Hit

US Economy Takes Corona Hit

New orders for US manufactured goods cratered in April by 17.2 percent as the COVID-19 pandemic shut down factories nationwide, the Commerce Department reported Thursday. That decline came after a 16.6 percent drop in March, taking sales down to $170 billion in April from $246 billion before the virus hit the world’s largest economy. Excluding […]

What You Missed in the Death of George Floyd While You Were Busy Being Racist

What You Missed in the Death of George Floyd While You Were Busy Being Racist

George Floyd died and the racist calls rang out, some black Americans looted stores, Media cried racism, black groups blamed white people, some whites blamed blacks and the whole argument shot off on a tangent, some blamed Trump, just what the government likes. Why does the Government like it? because it stops people seeing the […]

Global Airline Update

Global Airline Update

Austrian Airlines said Thursday that it would resume flights from June 15 after almost three months of being grounded due to the new coronavirus pandemic, which has heavily restricted international travel. Flights will resume to destinations in Europe, including London, Paris and Brussels, as well as Tel Aviv from June 15, the carrier, a subsidiary […]

News Corp Drops Print in Australia

News Corp Drops Print in Australia

Rupert Murdoch’s Australian flagship media group News Corp announced Thursday it will stop printing more than 100 regional and local newspapers, blaming a collapse in advertising made worse by the coronavirus pandemic. The decision comes after News Corp announced on 1 April it was temporarily halting printing of around 60 community newspapers and is expected […]

Federal Reserve Will Look to Address Uncertainty

Federal Reserve Will Look to Address Uncertainty

After weeks of economic shutdowns, the outlook for a US rebound remains “highly uncertain” and businesses nationwide are gloomy about how quickly things can return to normal, the Federal Reserve said Wednesday. At the same time firms worry that generous unemployment benefits make it difficult to retain workers or to bring them back to their […]

Bank of England Looks for New Stimulus

Bank of England Looks for New Stimulus

Bank of England Governor Andrew Bailey said Wednesday Britain’s economic recovery from the coronavirus pandemic could be “longer and harder” than anticipated and fresh bids to boost growth may be needed. Bailey hinted that further interest rate cuts and quantitative easing — which sees the bank buy government bonds, printing new money in the process […]

Japan Rolls Out the Printing Press, Again

Japan Rolls Out the Printing Press, Again

Japan announced fresh stimulus plans worth nearly $300 billion on Wednesday to pep up the economy after the coronavirus pandemic tipped the country into recession. Consumer spending has slowed to a crawl despite Japan’s relatively low infection numbers and death toll from the disease outbreak, prompting the first economic downturn since 2015. In response Prime […]

Europe to Kill the Value of the Euro for an Economic Quick Fix

Europe to Kill the Value of the Euro for an Economic Quick Fix

A one-trillion-euro recovery plan to get Europe back on its feet after the devastation wreaked by the coronavirus pandemic was set to be unveiled Wednesday, as badly hit Spain started 10 days of national mourning for its thousands of dead. The massive European proposal follows other unprecedented emergency measures introduced around the world to rescue […]

France Ready to Rebound

France Ready to Rebound

Economic activity in France is making a clear if cautious recovery after lockdown measures were relaxed earlier this month but the country is still heading for a roughly 20 percent contraction this quarter, the national statistics agency said Wednesday. INSEE said that the French economy was currently running “at roughly four-fifths of its pre-crisis level” […]

Coronavirus and the Reopening of America

Coronavirus and the Reopening of America

When his business was hit by a coronavirus lockdown, Josh Ellis saw a threat to his livelihood and a breach of the US Constitution. So he went on Facebook and called for protests. The appeal “went viral instantly,” said the 40-year-old, who set up a Facebook page called American Revolution 2.0 in early April. The […]

No US Recovery Until Q3

No US Recovery Until Q3

US unemployment is likely to remain in double digits as Americans go to the polls in November, a top White House economic adviser said Sunday. Kevin Hassett predicted that US economic growth will “skyrocket” in the third quarter but could fall short of a full recovery from the coronavirus pandemic. Some 38.6 million people have […]

US Federal Reserve Sees Small Businesses Disaster

US Federal Reserve Sees Small Businesses Disaster

Some types of businesses may not be able to survive in the post-pandemic world even after the American economy recovers from the coronavirus, the US Federal Reserve said Wednesday. Defeating COVID-19 is the key factor in restoring the world’s largest economy, but some of the damage may persist especially if consumers remain reluctant to return […]

Carabao Group Thailand Upgraded to Strong Buy

Carabao Group Thailand Upgraded to Strong Buy

HEFFX have issued a STRONG BUY recommendation on Carabao Group. (CBG.BK) based on a one-year target price of 167.00 baht, offering a 75.79% upside potential from its closing price of 95.00 baht on May, 20th, 2020. Our recommendation is primarily driven by strong margins and growing revenue combined with an excellent balance sheet. About Carabao […]

Thai Airways Bankrupt Needs to Restart

Thai Airways Bankrupt Needs to Restart

Thailand’s cash-strapped national carrier will look to undergo a restructuring through the kingdom’s bankruptcy court, premier Prayut Chan-O-Cha said Tuesday, as the stricken company is battered by the crash in tourism caused by the coronavirus. Thai Airways — which is 51 percent owned by the government — has long fought to stay afloat, registering losses […]

Vaccine Hopes Drive Asian Markets

Vaccine Hopes Drive Asian Markets

Hopes for a vaccine to treat coronavirus and a further easing of lockdown measures around the world spurred a rally on Asian markets Tuesday as investors tracked a surge across Europe and Wall Street. A half-a-trillion-dollar Franco-German plan to support the European Union economy also lifted confidence, while Australian investors brushed off news that China […]

Australia Urges Google Facebook Boycott

Australia Urges Google Facebook Boycott

Australia’s competition watchdog suggested Tuesday that local media could organise a “collective boycott” of Google and Facebook to force the tech giants to pay for news they put on their platforms. The radical idea was among a series of possible bargaining tools put forward by the Australian Competition and Consumer Commission (ACCC) as it considers […]

Shutdown Prepares to Bite US Economy

Shutdown Prepares to Bite US Economy

The business shutdowns caused by the coronavirus pandemic could “easily” cause the US economy to collapse by 20 to 30 percent this quarter, Federal Reserve Chair Jerome Powell said Sunday. Data show more than 30 million jobs were destroyed in the world’s top economy, as businesses were shuttered nationwide amid the efforts to stop the […]

Larneuk Stud Drops Fees in Victoria as a Response to Coronavirus

Larneuk Stud Drops Fees in Victoria as a Response to Coronavirus

Prolific Victorian nursery, Larneuk Stud, has announced fees for its 2020 stallion lineup, with significant reductions across the board. Despite the continued success of O’Lonhro and Cluster, along with the positive vibes around Wolf Cry’s rising 2YOs, Larneuk’s new roster structure represents a 20% decrease on last spring. Cluster will now stand at $5,500 O’Lonhro […]

Dow Jones Industrial Average (.DJI) End of Capitalism? Don’t Bet on it

Dow Jones Industrial Average (.DJI) End of Capitalism? Don’t Bet on it

Dow Jones Industrial Average (.DJI) End of Capitalism? There is an unfettered greed and it sits at the heart of the world economy.   Its most visible incarnation, of course, is Gordon Gecko’s home turf — Wall Street itself. Home of the New York Stock Exchange where trillions of stocks and shares are traded daily.  Here […]

4 Racing v COVID -19 Raising Money for British & Irish Horseracing Participants

4 Racing v COVID -19 Raising Money for British & Irish Horseracing Participants

Passionate about horseracing and through various connections, Graham Arnold & Ian Griffiths from The Racing Info Bureau, decided the time was right to support the industry that gives so many people so much pleasure. The people that deserve this the most in these very testing times are the racing stables and stable staff. What we […]

Sinopec Corp (HKG: 0386) Still Growing

Sinopec Corp (HKG: 0386) Still Growing

Sinopec Corp (HKG: 0386), China’s leading energy and chemical company, has put China’s largest petrochemical port into operation with the successful docking and unloading of the New Renown, Crude Oil Tanker (VLCC) from the Middle East. The tanker was welcomed at the new 300,000-ton crude oil terminal of Sinopec Zhongke Refinery Port, which forms part […]

Musk and Tesla Grow Tired of Authoritarian Democrat Paradise California

Musk and Tesla Grow Tired of Authoritarian Democrat Paradise California

Tesla chief Elon Musk on Saturday threatened to pull his electric car headquarters and plant out of California after local authorities kept him from resuming production due to the coronavirus pandemic. “Frankly, this is the final straw. Tesla will now move its HQ and future programs to Texas/Nevada immediately,” Musk tweeted in a long diatribe, […]

33.5 Million Americans Out of Work

33.5 Million Americans Out of Work

New claims for unemployment benefits filed by US workers declined slightly last week, but were still a staggering 3.2 million, government data said Thursday. The data from the Labor Department bring the total claims filed since mid-March, when the coronavirus pandemic forced businesses to close their doors to stop the virus’s spread, to 33.5 million. […]

Tourism Industry Prepares for a Massive Hit

Tourism Industry Prepares for a Massive Hit

The number of international tourist arrivals could plunge by 60 to 80 percent in 2020 owing to the coronavirus, the World Tourism Organization said Thursday, revising its previous forecast sharply lower. Widespread travel restrictions and the closure of airports and national borders to curb the spread of the virus had plunged international tourism into its […]

Tip of the Iceberg: Economic Reports Begin to Show the Cost of a Global Lockdown

Tip of the Iceberg: Economic Reports Begin to Show the Cost of a Global Lockdown

Evidence mounted of the devastating economic impact of the coronavirus pandemic on Thursday as hard-hit Europe moved to further ease lockdown measures that ground its economies to a halt. “the data we are seeing now is just the tip of an Iceberg that we are yet to fully comprehend, we are not a buyer of […]

Lagarde Looks to Undermine Germany’s Constitutional Court

Lagarde Looks to Undermine Germany’s Constitutional Court

The Euro was not saved today, European Central Bank chief Christine Lagarde will resort to dirty tricks and political blackmail to destroy the value of the Euro and leave Germany the bill. European Central Bank chief Christine Lagarde will prefer a “diplomatic path” to a high-stakes showdown with Germany’s Constitutional Court after a critical ruling, […]

China Exports Rise

China Exports Rise

China’s exports saw a shock 3.5 percent rise in April despite the global impact of the coronavirus pandemic, official figures showed Thursday, but analysts warned of weakness ahead as key markets suffer downturns. The brewing threat of a renewed trade war with the United States could also pose a problem, observers said. You will find […]

Irish and English Politicians Fail to Recognise the Importance of Racing to the Economy

Irish and English Politicians Fail to Recognise the Importance of Racing to the Economy

It takes a special kind of stupid to make Australian Politicians look good, but their Irish and English counterparts are doing their best. Both Ireland and England banned racing even after Australia provided a workable model for racing to continue, the out of touch politicians chose buy in to the hysteria but the price is […]

Americans Pay a Heavy Price for Lockdowns

Americans Pay a Heavy Price for Lockdowns

Like a global tsunami, the coronavirus pandemic has caused a huge loss of life and taken a massive economic toll and wave after wave of economic news will prove disastrous in the mid term. In the US economy, skyrocketing unemployment is the most-visible sign of the devastation: almost overnight, at least 30 million workers lost […]

Coronavirus Lockdown Easing Brings Relief Rally, But a Wave of Bad Economic News Will Follow

Coronavirus Lockdown Easing Brings Relief Rally, But a Wave of Bad Economic News Will Follow

Most equities rose again on Wednesday as investors grew increasingly, but cautiously, hopeful that the worst of the coronavirus had passed and as countries begin to slowly open up from lockdown. But the unemployment data will hurt the sentiment at the end of the week. We are not buyers in here, the Politicians that imposed […]

While you were distracted, Boris made a big move

While you were distracted, Boris made a big move

Britain begins post-Brexit trade talks with the United States on Tuesday, with 100 negotiators on each side joining via videoconference. Many in Prime Minister Boris Johnson’s Conservative government hope for a free trade agreement with Washington as one of the biggest benefits of leaving the European Union. Officials said the first round of talks would […]

US exports plunged 9.6 percent in March and that’s the good news

US exports plunged 9.6 percent in March and that’s the good news

US exports plunged 9.6 percent in March — the biggest monthly decline on record — increasing the trade deficit to $44.4 billion as the coronavirus pandemic disrupted global commerce, according to government data released Tuesday. The Media and the Democrats continue to whip up a Carona frenzy with the aim of putting Joe Biden in […]

Heffx Gold Report

Heffx Gold Report

Gold ETFs saw the highest quarterly inflows for four years amid global uncertainty and financial market volatility. Holdings of these products reached a record high of 3,185t by the end of Q1. These investment inflows helped push the US dollar gold price to an eight-year high. Consequently, global gold demand in value terms reached US$55bn – the […]

Asia Cashes in on Cheap Oil

Asia Cashes in on Cheap Oil

Some Asian nations are taking advantage of the collapse in prices caused by the coronavirus pandemic to build up their crude stockpiles. Here are some questions and answers about strategic reserves and the region’s oil supplies: – What are strategic oil reserves and why do countries need them? – Strategic reserves are stockpiles of oil […]

Berkshire Hathaway Takes a Beating

Hard-hit by the market rout surrounding the coronavirus pandemic, Berkshire Hathaway, the holding company of Warren Buffett, has reported first-quarter net losses of nearly $50 billion, it reported Saturday. The company, based in Omaha, Nebraska, called the setback “temporary” but said it could not reliably predict when its many businesses would return to normal or […]

Saudi Stocks Drop Almost 7%

Saudi Stocks Drop Almost 7%

Saudi shares slumped 6.8 percent as trading opened Sunday, a day after the finance minister announced “painful” measures to tackle the economic impacts of the coronavirus pandemic. Almost all the listed stocks on the Arab world’s largest bourse were in the red just minutes after the start of trading. Finance Minister Mohammed al-Jadaan said late […]

What we should be demanding from our Governments after the Coronavirus

What we should be demanding from our Governments after the Coronavirus

Here is a list of things I think we should be demanding from our Governments after the Coronavirus. 1 Decriminalize Cash If Governments do have the power to lock us down, imagine what would happen if you are in that situation and your bank collapses, or the Government wants to restrict your financial transaction. This […]

Greece Nears Collapse

Greece Nears Collapse

Ten years after sinking into its worst economic crisis in living memory, Greece once again faces the spectre of a grave recession in the midst of a global coronavirus lockdown. Though the country has so far been spared the death toll of other European nations at fewer than 150 fatalities from COVID-19, it will not […]

Coronavirus infects manufacturing activity in the United States

Coronavirus infects manufacturing activity in the United States

The coronavirus pandemic caused manufacturing activity in the United States to post a historic decline in April, according to an industry survey Friday, and it may stay depressed for some time. The plunge in the Institute for Supply Management’s (ISM) manufacturing survey was not unexpected and actually slightly less severe than economists had anticipated, as […]

Trump Vs China is the Big News

Trump Vs China is the Big News

London and New York stocks sank on Friday after US President Donald Trump lashed out at China over the coronavirus crisis, bringing back bad memories of a damaging standoff between both countries over trade. The eurozone’s key equity markets were shut for a public holiday as were several exchanges in Asia. Investor nerves were tested […]

Tesla hammered as Musk says stock is overvalued

Tesla hammered as Musk says stock is overvalued

Irascible, outspoken Tesla chief Elon Musk went on another Twitter rant Friday, including saying the company’s stock was overvalued, which sent the electric carmaker’s shares tumbling. “Tesla stock price is too high imo” (in my opinion), Musk said on Twitter. “Now give people back their FREEDOM,” he demanded shortly after and then cited lines from […]