Gov. Charlie Baker declared a state of emergency as the number of Coronavirus cases in Massachusetts rose to 92 Tuesday, with untraceable cases popping up in the western part of the state. “I would have to say that the risk has increased,” Baker said of contracting the coronavirus, changing his tune from the “low risk” … Read more
by mapi credit: Fotech A recent article in Offshore-Technology revealed that British Petroleum (BP) bought a majority interest in a fiber optic innovation company called Fotech. Why would anyone care about BP buying Fotech? Because Fotech “uses artificial intelligence and edge computing in its products, covering areas such as surveillance, transport management, cable monitoring and rail management.” Roughly translated, they use fiber … Read more
by Simon Black Do you ever wonder what your bank account would look like today if you had made different career and life decisions? Well, a UK judge took the liberty of answering that question for one woman going through a divorce. The London couple were both studying to become lawyers when they decided to have … Read more
Vox has officially communicated that its secretary general, Javier Ortega Smith, has tested positive for coronavirus in a test carried out in the last few hours. The story jumps two days after that Vox held a major event with 9,000 people in Vistalegre (Madrid), which is asking for forgiveness after recognizing that it was a “mistake”. The president of Vox, Santiago Abascal, has … Read more
Joe Biden to an autoworker in Detroit on #MichiganPrimary Day: “I'm about to slap you in the face.” https://t.co/f5rKMkQOe8 — Laura Cox (@LauraCoxMI) March 10, 2020 Not sure, however. A bit hard to make out. But that’s the claim. h/t dr0id
Reasons to buy? Take the following with a grain of salt as I'm a bond guy, but I felt compelled to build a stock chart on how the GFC went down to highlight many failed bailout attempts (and reasons to buy along the way) yet until nearly everyone gave up, a bottom wouldn't form. pic.twitter.com/iO1u2DFNBe … Read more
Shares of Royal Caribbean and Carnival halted. I could see airlines because that’s an essential service, but cruise ships? I’ve said it many times, this will end in a bailout of the oil industry. The people who balk at bailing out $1.5 trillion in student loans are going to bail out bankrupt companies for just … Read more
https://www.bloomberg.com/news/articles/2020-03-10/robinhood-maxed-out-credit-line-last-month-amid-market-tumult Robinhood drew its entire $200 million credit facility from Barclays Plc, Citigroup Inc. and JPMorgan Chase & Co., according to people familiar with the matter. It made the move just as fears of the coronavirus set off more than two weeks of violent market swings and heavy volume, during which Robinhood’s trading platform suffered … Read more
by kafkagoeswest Trump’s economic policies aren’t preventing what we’re seeing in Europe right now, from happening to America in the next six weeks. We are no closer to containment, and even as we see massive events cancelled like SXSW and conferences galore, you still have families in Disneyland, Vegas, and all sorts of interactions. This … Read more
by tthecchadd With the influx of new subscribers, I thought it would be helpful to create a guide on exactly how to treat gains/losses from a tax perspective along with how to avoid any potential penalties or surprises at tax time. While there are anomalies, this guide will apply to 99.9% of transactions discussed here. … Read more
Here is my source showing that all those countries are about 10 days behind Italy. 'All the graphs suggest that Britain and France and Germany are going to be exactly where Italy is in about 10 days' time', @Tobias_Italia tells @bevvo14. #COVID19 #TheWorld pic.twitter.com/rKb6joVfJI — ABC News (@abcnews) March 10, 2020 h/t ghsNICK
by PutCallParrot Puts and Calls A put is the right, but not the obligation, to sell an asset for a specific price. The asset the put holder has a right to sell is called the “underlying.” The price at which the put option allows the option holder to sell is called the “strike.” Put options have an expiration date, after which … Read more
by Washington_Nationals What are repo operations? Typically, banks lend to each other, in overnight loans. Banks have capital requirements, meaning they have to keep a certain amount of money to comply with federal rules. But because banks like to eek out as much profit as possible, sometimes they fall short of their capital requirement and … Read more
BEING THERE: Democrats Are Nominating Chance the Gardener From ‘Being There’ for President, Roger Simon writes. And Joe goes out his way to prove it: “You’re full of s***”: Biden’s 2nd Amendment voter outreach in Detroit going as well as you’d imagine. “Biden denies in this clip that he wants to confiscate anyone’s guns. One week ago, though, … Read more
The Ivy League has canceled its upcoming basketball tournaments due to the coronavirus outbreak. As regular-season champions, Yale will represent the league in the NCAA men's tournament, while Princeton will play in the women's tournament. pic.twitter.com/XRpfMr1QiW — SportsCenter (@SportsCenter) March 10, 2020
Despite Fed crisis bailouts for the past 6 months, the bond market is cratering, stocks are melting down, and all eyes are turning to find safety from the destruction of our financial futures. David Morgan, founder of TheMorganReport.com, known as The Silver Guru, returns to Liberty and Finance to answer your questions and to … Read more
by The Phoenix The markets are bouncing hard in the overnight session. The Trump administration announced last night that they are planning a number of fiscal measures to prop up the economy. Those include a payroll tax, loans to companies that are being hurt by the economic fallout from coronavirus, and other items. The actual plan … Read more
by Shaun Richards Yesterday was quite something with the extraordinary oil price decline topped off by a more than 2000 point fall in the Dow Jones Industrial Average in the United States. I know that it is an outdated and flawed index but nonetheless it felt symbolic. So far today things are quieter with some … Read more
https://twitter.com/DonnaWR8/status/1236708177615429633 One of these years an Attorney General will actually enforce the law. I will keep waiting… AC
by LiquidityMan According to a study in China, scientists observed an individual spread coronavirus in a closed environment up to 4.5 meters away. It was also observed that the virus lingered in the area for at least 30 minutes to infect more individuals. There’s also the topic of if warmer temperatures will affect the virus. According to … Read more
House Democrats are set to vote on dismantling President Trump’s travel restrictions this week and rein in the executive branch’s authority to declare travel restrictions. The bill would reverse restrictions on the countries under the travel ban and strengthen provisions in the Immigration and Nationality Act that prohibit religious discrimination. Last week, Mr. Trump said … Read more
”Shares in Diasorin surged over 13% on Tuesday after the Italian diagnostic specialist said it had completed the studies to support the launch of a new molecular test to quickly identify the new coronavirus.” “The test developed by Diasorin enables sample-to-answer results within 60 minutes instead of the 5-7 hours currently needed to report patient … Read more
I loathe this type of Twitter "gotcha." There is no conflict between saying media should have covered Coronavirus responsibly weeks ago and that they should not stoke panic now. @hughhewitt was right then, and he's right now. https://t.co/sLOg3j2oFx — Mollie (@MZHemingway) March 9, 2020
via thecollegefix The University of California-Santa Barbara hid an agreement with federal regulators from a judge considering how to penalize the university for violating a student’s rights, according to his lawyer. The existence of the September 2018 “resolution agreement” with the Department of Education’s Office for Civil Rights could have led the judge to award “John … Read more
Carla Babb @CarlaBabbVOA · 31m #BREAKING US Forces #Afghanistan has begun its conditions-based reduction of forces to 8,600 over 135 days, according to @USFOR_A spokes Col Sonny Leggett, who adds US has military means & authorities to conduct CT ops against al-Qaeda & ISIS-K and providing support to the ANDSF #BREAKING US Forces #Afghanistan has … Read more