Bond Yields Drop as Job Growth Slows
After the April jobs data revealed weaker-than-expected payroll growth and an unexpected tick higher in the unemployment rate, U.S. Treasury rates fell on Friday.
May 06, 2024 04:18 PM EDT
Will Apple Keep Buffett Smiling? Doubts Emerge Over Company's Dominance
Even as late as 2020, four years after his investment colossus began to build a sizable stake in the business that produces iPhones, Warren Buffett of Berkshire Hathaway was still using a flip phone.
Is China's Central Bank Gold-Buying Spree a Precursor for War? Part II of II
The idea of a nation acquiring large gold reserves in preparation for military endeavors is not without historical precedent. Prior to World War I, European powers increased their gold reserves, and a century later, Russia's central bank doubled its gold holdings in the years before its invasion of Ukraine. This same strategic stockpiling of gold could be inferred from China and its pre-war positioning for a Taiwan incursion.
Regulatory Hurdles Remain Despite Cannabis Reclassification
Tuesday afternoon saw a spike in cannabis stocks due to reports that the Biden administration might reclassify the substance as less harmful. T
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Uber Barely Survived 2020, Mixed Q4 Performance Shows
At present however, the company is still losing about $1 billion a quarter on a GAAP basis. One way to describe how Uber did against expectations is that "it could have been worse."
Feb 10, 2021 11:00 PM EST
TikTok Sale to Walmart, Oracle Halted By Biden Administration
President Biden reportedly stopped a controversial landmark action by his predecessor Donald Trump, who can be remembered to have called it a a threat to national security.
Feb 10, 2021 09:38 PM EST
Tesla Bitcoin Leak: Reddit Insider Comes Clean About Knowing Elon Musk's Cryptocurrency Investment
There was no leak, just some fun made-up prediction that actually came true.
Feb 10, 2021 04:36 AM EST
Asia Stocks Hit Record High Over Higher Hopes Triggered By President Biden's Stimulus Package
These factors certainly fanned optimism about a global recovery from the pandemic, even if COVID-19 is yet to be driven away from this world.
Feb 10, 2021 08:00 AM EST
Invite-Only, Facebook Alternative Clubhouse Banned in China After Brief, Uncensored Period
The app allowed thousands of Chinese users to engage in uninterrupted and non-monitored discussions with people abroad about democracy, Taiwan and other sensitive topics
Feb 10, 2021 05:30 AM EST
Next Warren Buffett? 12-Year-Old South Korean Kid Gains 43% of Stocks
"Rather than short-term focused day trading, I want to keep my investment for 10 to 20 years with a long-term perspective, hopefully to maximize my returns."
Feb 09, 2021 08:35 PM EST
Robindhood Allegedly Caused 20-Year-Old to Take His Own Life Over Wrong Lost Money
Allegedly, Alex Kearns, a then-sophomore at the University of Nebraska at Lincoln, thought he had a negative $730,165 cash balance on Robinhood
Feb 09, 2021 02:52 AM EST
Jeff Bezos Might Leave Washington Soon For $2 Billion Yearly Tax
According to legislators, Amazon's CEO would owe about $2 billion a year in state income taxes under Washington's proposed wealth tax.
Feb 09, 2021 01:00 AM EST
US Treasury's 30-Year Yield Interest Rates Hit Highest Over Stimulus Impact
Why are yields rising in the first place even though the COVID-19 pandemic is far from over?
Feb 08, 2021 10:58 PM EST
Tesla Bitcoin: What if Apple and Other S&P Companies All Invest in Crypto?
After the Tesla fiasco on bitcoin purchase, which other companies are going to follow their direction?
Feb 08, 2021 08:55 PM EST
'Nope, We're Not All Investors': Robinhood Ad Receives Backlash After Super Bowl LV Airing
"Nope, we're not all investors." It seems like not all people believes in the recent Robinhood advertisement, aired in the Super Bowl LV.
Feb 07, 2021 11:06 PM EST
$15 an Hour Minimum Wage Highly Unlikely, President Biden Reveals
The President, who campaigned on raising the minimum wage to $15 an hour, is likely to cause some massive disappointment with this admission.
Feb 05, 2021 08:26 PM EST