Warren Buffett’s Apple stake plunges in value by $19 billion in 2 days as tech rout continues

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https://www.businessinsider.in/stock-market/news/warren-buffetts-apple-stake-plunged-in-value-by-10-billion-during-thursdays-tech-rout/articleshow/77931709.cms The famed investor’s conglomerate owns close to 981 million Apple shares following the recent four-for-one stock split, giving it a 5.7% stake in the iPhone maker. Berkshire remains heavily in the green on Apple, the biggest holding in its stock portfolio. It spent about $35 billion to build the position between 2016 and 2018, … Read more

Update: CDC warns of wearing mask past 1-hour.

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Hypoventilation is a primary cause of significant discomfort while wearing an N95 FFR (Williams 2010). However, studies done by Roberge et al. (2010) indicated that this hypoventilation did not pose a significant risk to healthcare workers over the course of less than one hour of continuous N95 use. When HCWs are working longer hours without … Read more

Oil Extends Drop After Saudi Price Cuts Underscore Demand Fall

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https://finance.yahoo.com/news/oil-extends-retreat-below-40-221055675.html (Bloomberg) — Oil extended its retreat below $40 a barrel after Saudi Arabia cut pricing for October crude sales, as demand struggles to fully recover from the coronavirus outbreak. Futures in New York dropped 1.7% after Saudi Aramco reduced its key Arab Light grade by a larger-than-expected amount for shipments to Asia in a … Read more

Disruptors PayPal and Square surpass Wall Street giants including Goldman Sachs in market cap

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https://www.cnbc.com/2020/09/04/disruptors-paypal-and-square-surpass-wall-street-giants-including-goldman-sachs-in-market-cap.html This week, the market capitalization of fintech payments firm Square exceeded that of Goldman Sachs, the 151-year-old investment bank, for the first time. Almost exactly two months earlier, PayPal surpassed Bank of America, the second biggest bank in the U.S., in market cap. That move made the online payments pioneer worth more than every … Read more

Berkshire Hathaway Slashes Stake in Troubled Lender Wells Fargo

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https://finance.yahoo.com/news/berkshire-hathaway-slashes-stake-troubled-212431667.html (Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc., once the biggest holder of Wells Fargo & Co. common stock, slashed its investment by more than 40% as the San Francisco-based lender copes with the aftermath of consumer-abuse scandals. Berkshire sold more than 100 million shares, trimming its stake in Wells Fargo common stock to about … Read more

A SMALL MEASURE OF ACCOUNTABILITY: Rioter arrested 4 times in 4 weeks by Portland authorities now federally charged.

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A Washington state man who has been arrested four times and quickly bailed out within a month at violent Portland Antifa riots, was arrested by federal authorities this week. Following a Federal Bureau of Investigation investigation, 26-year-old Kristopher Michael Donnelly, of Kelso, Wash., was arrested and federally charged with felony civil disorder. The United States Attorney’s Office … Read more

Wealthy NYC woman busted in BLM rampage.

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One of the Black Lives Matter protesters now facing felony rioting and misdemeanor graffiti charges — after a window-smashing free-for-all in Manhattan — is a wealthy Upper East Sider whose mother is an architect and whose father is a child psychiatrist. Clara Kraebber, 20, is one of eight people arrested Friday night after a roiling, … Read more

WOW: New Evidence for Using Testosterone Therapy to Treat Obesity – Mean Weight Loss of 50 Pounds.

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New research covering 11 years of data presented at this year’s European and International Congress on Obesity (ECOICO 2020) show that, in obese men suffering from hypogonadism (low testosterone), treatment with testosterone injections lowers their weight and improves a wide range of other metabolic parameters. The research has been led by Dr. Farid Saad, Consultant, … Read more

Julian Assange’s Final Extradition

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https://twitter.com/ETheFriend/status/1302771211458486273?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1302771211458486273%7Ctwgr%5Eshare_3&ref_url=http%3A%2F%2Fwww.godlikeproductions.com%2Fforum1%2Fmessage4513161%2Fpg1

The Three Gorges Dam is rapidly failing.

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https://youtu.be/cBSusXvBDF4 This is a well thought out, clearly explained and bang up to date video. It’s well worth watching because when the dam goes, besides the tragic consequences for the Chinese people it will have serious economic and political effects throughout the world.    

The Democrats have spent four years fantasizing about assassinations and carrying out acts of political violence

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(Natural News) The Democratic Party has lost all civility over the past four years, ever since Donald Trump became President of the United States. In front of audiences and cameras, the Democrats have repeatedly fantasized about assault, riots, chaos and assassination. By 2020, the Democrats vision has become a morbid reality. Not only have they condoned … Read more

Tesla could be the most dangerous stock on Wall Street – trades at 159 times forward earnings

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Tesla shares may be up 400% this year, but one investment researcher is sounding the alarm on the stock. New Constructs CEO David Trainer calls Tesla the most dangerous stock on Wall Street and says the fundamentals do not support such a high price and valuation. “Whatever best-case scenario you want to paint for what Tesla’s … Read more

Why the SoftBank News Actually Matters

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by totallynotmusk So the reports have it varied but it seems like $4B is SoftBanks current unrealized gain, making for about $8B in total exposure (based on $30B nominal exposure, average Jan 21’ expiry). If (rather, when) SoftBank tries to cash in on calls that are green now, this should force the underwriters to sell … Read more

Will the strongest gravitational force – reversion to the mean – also bring down the stock market? The US market cap has totally decoupled from the real economy.

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Will the strongest gravitational force – reversion to the mean – also bring down the stock market? The US mkt cap has totally decoupled from the real economy. pic.twitter.com/frpoYVxbb9 — Holger Zschaepitz (@Schuldensuehner) September 7, 2020 The world economy’s rebound from the depths of the coronavirus crisis is fading, setting up an uncertain finish to … Read more