Month: July 2020

Quicken Loans Files IPO at over $3.8 Billion In Valuation

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by B1naryBl00d UPDATE: Barrons reporting Rocket will go public on August 6th. https://www.barrons.com/articles/rocket-mortgages-ipo-is-next-week-what-to-know-51595980494?mod=hp_LATEST ——— https://www.wxyz.com/news/quicken-loans-to-offer-150m-shares-in-ipo-between-20-22-per-share 172.5 million shares expected between $20-$22/share 22.5 million shares for underwriters 150 million shares of Class A. Four classes will be issued.   Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the … Read more

The comedy how I lost all my money in two hours

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by fail0verflowf9 I’m trading for 11 months with pretty good success. I never traded metals and forex before, just stocks. Today when gold started to consolidate at the last hour, I decided to scalp short it with a large amount, so I opened 100 lots. I haven’t realised, in forex 100 (lots) doesn’t mean “100 … Read more

The reason why Intel dropped 15%

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by automax On Thursday afternoon 5pm: Stock dropped 10 % in premarket, then another 7%. To be 17% before the market actually opened. I wanted to see what happened, as eps and revenue was beaten, so it was suprising that such a big company could be down -15%. This is like penny stocks kind of … Read more

McDonald’s reports worst global sales in recent memory

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McDonald’s reports its worst global sales decline in recent memory, with drive-thrus and delivery unable to make up for the blows from pandemic shutdowns and consumer caution McDonald’s CFO Kevin Ozan says in Q2, nearly 90% of sales again came through the drive-thru https://www.bloomberg.com/news/articles/2020-07-28/mcdonald-s-shares-fall-after-reporting-plunge-in-global-sales?sref=Hny5JH2p

The Pennsylvania Supreme Court has ruled that an Uber drivers are to be classified as employee under state law and is entitled to unemployment insurance benefits, because the company exercised “total control” over how he performed his job.

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https://www.reuters.com/article/employment-uber/penn-supreme-court-says-uber-driver-is-employee-entitled-to-unemployment-benefits-idUSL2N2EY239 The Pennsylvania Supreme Court has ruled that an Uber Technologies Inc driver was the ride-hailing service’s employee under state law and is entitled to unemployment insurance benefits, because the company exercised “total control” over how he performed his job. The court in a 5-2 decision on Friday said the driver, Donald Lowman, could not … Read more

Zero long-term rate reflects structural imbalances in the global economy …

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This is the new not-normal normal A majority of global 60T$ bonds yield near-zero to negative rate@FT article says "investors blame the Federal Reserve". https://t.co/kRjr7qoW4W But that is wrong Zero long-term rate reflects structural imbalances in the global economy … pic.twitter.com/pvDfOPuao1 — Atif Mian (@AtifRMian) July 28, 2020 We can think of zero/negative long-term rates … Read more

John Rubino – When Dollar Falls Everything Falls Everywhere. World on Verge of Spinning Out of Control

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John Rubino interviewed on USA Watchdog by Greg Hunter Financial writer John Rubino predicts, “We don’t have a tool to fix this if the dollar starts to fall. That is the end game scenario in the financial system. When the world’s reserve currency starts to lose value and the central bank that’s managing it doesn’t have any way to … Read more

The 6 CEO’s raked in over $150bn this year. Meanwhile, 110,000+ small businesses are closed for good.

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The big 6 tech companies are 49% of the Nasdaq. All 6 rallied during the pandemic & record unemployment. The 6 CEO's raked in over $150bn this year. Meanwhile, 110,000+ small businesses are closed for good. Seems Silicon Valley is giving Wall St a run. https://t.co/Sa8CmCyWkU pic.twitter.com/zr2SnZx3sI — Nomi Prins (@nomiprins) July 29, 2020