Breaking news, updates, and reports on current events.
by Lance Roberts Every year, investors anxiously await the release of Warren Buffett’s annual letter to see what the “Oracle of Omaha” has to say about the markets, economy, and where he is placing his money. Before we blindly heed Buffett’s advice we must factor in that he has long been a source of contradiction. As Michael … Read more
Holter predicts, “I think in a short period of time, you are going to see swings of $200 to $300 per ounce in gold and $5 to $10 per ounce swings in silver. From the standpoint of so much paper being sold compared to real physical metal, there is going to be a cash call. … Read more
Oust him now before we get much closer to the election. Watch the latest video at foxnews.com ————————————————————-———————————————————– A billionaire Republican megadonor has purchased a “sizable” stake in Twitter and “plans to push” to oust CEO Jack Dorsey among other changes, according to new reports, raising the prospect of a shocking election-year shakeup of the … Read more
HOUSTON – As concerns over the coronavirus rise in the country, a Texas-based grocery store chain on Monday announced limits on purchases of hand sanitizer and hand soap. Lisa Helfman, public affairs director for H-E-B, said customers will be restricted to four bottles of hand sanitizer and four bottles of hand soap per transaction in one … Read more
Start at the 3:25 mark John Mulaney: Leap Year began in 45 B.C. under Julius Caesar. This is true, he started the Leap Year in order to correct the calendar and we still do it to this day. Another thing that happened under Julius Caesar, he was such a powerful maniac that all the senators grabbed knives … Read more
“RIGHT NOW, Spain is currently holding its huge festival ‘Las Fallas’, located in the epicenter of its outbreak. The Ministry of Health has refused to cancel it. 2 million international tourists expected in a 12-day period.” https://imgur.com/gallery/6EHULc9 View post on imgur.com h/t dr0id
Could the coronavirus hit California’s homeless population? Health officials are worried. When a Solano County woman came down with a suspected viral infection and needed treatment, doctors chose to take her to one of the busiest hospitals in Sacramento, not realizing she would become the first person in the nation to be diagnosed with the novel coronavirus … Read more
Flavor Flav Blasts Bernie Sanders Rally With Public Enemy, Calls Campaign “Fake Revolution.” Earlier: Public Enemy’s Chuck D defends his own long history of anti-Semitism ahead of upcoming rally with — who else? — Bernie Sanders. UPDATE: Public Enemy Fires Flavor Flav After Bernie Sanders Rally Spat. Found via Stephen Miller who tweets, “Bernie Sanders broke up Public … Read more
…which is bigger than their streaming, direct-to-consumer and their entire studio (movie production) businesses put together. So much media focus on the launch of Disney+, which brought Disney 30 million paying subscribers in just a few months. But, 30m @ $7 a month works out at around $2.5bn a year, or just under 4% of Disney’s revenue. Just a friendly reminder … Read more
by JealousEntrepreneur There are reports that empty factories are running their engines to make it look like they’re operating again. Here some interesting excerpts from the article: (Bloomberg) — The pressure to get China back to work after the coronavirus shutdown is resurrecting an old temptation: doctoring data so it shows senior officials what they … Read more
The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all fell more than 10% last week, their biggest weekly declines since October 2008. The decline’s swift nature prompted some calls for a capitulation rebound. However, strategists at JPMorgan, Citi and Goldman Sachs think there hasn’t been enough pain in the market yet for such … Read more
Oooh, he’s really gonna cost Trump some votes with this one! https://twitter.com/Mike2020/status/1230924887809757184 WTF that’s an incredibly stupid waste of money. Nobody is dumb enough to change their opinion based on choice of steak… AC
BREAKING: Italy has reported a 50% surge in new #coronavirus infections, jumping from 1,128 to 1,694 in just one day, according to Italian Civil Protection chief Angelo Borrelli pic.twitter.com/j1WolmfLDE — Bloomberg Originals (@bbgoriginals) March 1, 2020 France cases more than doubled in 24 hours. #Coronavirus — EndGameWW3 🇺🇸 (@EndGameWW3) March 1, 2020
by arzt506 Last weekend I posted explaining how VIX was building huge pressure and peeps were gonna get wasted (https://www.reddit.com/r/wallstreetbets/comments/f85rkh/volatility_plays/). This week the VIX hit its highest point in almost 9 YEARS and whaddya know… this weekend we’re treated to a ton of converted gaylords who bought their puts on Friday morning hyping up every possible piece … Read more
by Charles Hugh-Smith Force cannot restore legitimacy, trust or confidence, nor can it magically erase the consequences of a still-unfolding national trauma. The Chinese authorities threatening to punish workers who refuse to return to work are getting a lesson in the limits of force in an unprecedented national trauma: a bayonet in the back will not … Read more
by DontMicrowaveCats It’s a necessary evil right now…but nobody should be happy about it. I see a lot of people in here practically cheering as countries ban flights and airlines cancel routes. It appears many think the airline executives are the only people benefitting from keeping them operating…and profit is the only consideration when canceling … Read more
https://www.cnn.com/2020/02/29/tech/elliott-twitter-jack-dorsey-replace/index.html What kind of shake up would this create in the social media world? Twitter has long been the subject of angst and frustration by groups of users for the way they handle differing opinions on the platform. Elliot Management is known to have been a major supporter of the Trump administration. Could this be … Read more
by JackyReacher So I made a little chart for you, because I can’t stomach the stupid “pRicEd In aLrEaDy” anymore. S&P500 In the last several weeks we saw basically two corrections. The first one was when millions of Chinese were put into quarantine. The S&P500 dropped by 3% and a couple days later, achieved its … Read more
Companies have endured financial meltdowns, civil wars and natural disasters. But nothing in modern memory has dented both demand and supply so quickly for so many industries as the coronavirus. The virus, which has infected more than 85,000 people, has quickly spread through Asia and Europe, disrupted global travel and hobbled supply chains that churn … Read more
“We could fill an entire note with indicator extremes and statistics. Perhaps the most remarkable is the Dow Jones Composite took just ten trading days to go from a 52-week high to a 52-week low. That is by far the fastest on record going back to the 1930s.” – @jkrinskypga pic.twitter.com/3cs3hDyYsc — Carl Quintanilla (@carlquintanilla) … Read more