Financial Industry News
U.S. private employers added 167,000 jobs in July, sharply missing expectations. Job growth is slowing as businesses are reversing their reopening plana due to rising virus cases. The stock market rally will run out of steam as the recovery takes longer than expected. The U.S. stock market continues its rally despite disappointing job numbers. The […]
Continue ReadingTrump has stoked Jeffrey Epstein conspiracy theories by wishing Ghislaine Maxwell “well” in prison and suggesting that Epstein may have been murdered. People are suggesting online that Trump may know something the public doesn’t, while others claim the president is threatening Maxwell. But Trump’s own administration has concluded that Epstein died by suicide, so maybe […]
Continue ReadingDonald Trump is getting dragged through the mud for his turnout at a recent Florida rally. Critics are calling for him to drop out of the presidential race because he doesn’t stand a chance. The S&P 500 has been a historically accurate predictor of the presidency, and it’s telling a different story. Donald Trump has […]
Continue ReadingDow Jones Industrial Average (DJIA) futures slumped on Monday as tensions flare between Trump and China. Secretary of State Mike Pompeo said Trump will take broad action on Chinese software companies this week. Trump has given Microsoft a 45-day deadline to negotiate a deal to buy TikTok’s US operations. Tensions between China and the Trump […]
Continue ReadingDonald Trump has ended the AFFH–a decision he claims can help boost house prices. Given municipalities’ grip on zoning, this federal overreach hasn’t had much (if any) impact on the U.S. housing market overall. Trump’s move is purely symbolic to help save his polling among suburban voters. Donald Trump made a big deal of destroying […]
Continue ReadingDonald Trump is set to ban TikTok at the stroke of a pen. The president cites “national security” as a significant concern. As if data from dancing teens could give China the upper hand in WW3. Putting up borders on the Internet is turning the U.S. into the very China they’re supposed to be protecting […]
Continue ReadingThe Trump administration is trying to ban the Chinese social media app TikTok over alleged data security concerns. While national security concerns seem overblown, this move is well-deserved payback for China. The Chinese Communist Party has routinely undermined U.S. companies in their country, and it’s time to return the favor. President Trump is moving to […]
Continue ReadingBarack Obama’s eulogy for John Lewis drew a chorus of praise from mainstream news journalists. The former president was blatantly electioneering. When Trump does that, the same news sources brand him as “divisive.” Journalists are going to fall victim to a crisis of their own making. The mainstream media fawned over former President Barack Obama’s […]
Continue ReadingHerman Cain is dead at age 74 from Covid-19. There wasn’t even a moment of silence for his passing. Anti-Trump Twitter instantly used Cain’s death as fodder for talking points. Ironically, they’re showing no respect for the seriousness of death. This is a time to let Herman Cain’s family, friends, and fans mourn. Herman Cain […]
Continue ReadingKodak stock has soared over 1,000% over the last two days after announcing a pivot towards manufacturing drugs. The company received a $765 million loan from the government to help bring back drug sourcing to the United States. This situation looks like a pump and dump, and investors should be cautious. Near-bankrupt film stock Eastman […]
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