Great discussion on the coup being orchestrated by Congress."This bill is a bunch of money for the richest 1000 people to consolidate the hammerlock across the totality of the American economy, using taxpayer money to strangle taxpayers, while calling it a bailout for the taxpayers."The Jimmy Dore Show is a hilarious and irreverent take on news, politics and culture featuring Jimmy Dore, a profess...Read More
*This interview was recorded on March 24, 2020Nouriel Roubini, Professor of Economics at NYU Stern, joins Yahoo Finance's On The Move panel to discuss how the government has handled the coronavirus pandemic and the severe economic damage coronavirus COVID-19 is having on the economy.Nouriel Roubini, a professor at NYU's Stern School of Business and Chairman of Roubini Global Economics, was Senior...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
We have entered a depression that is going to turn our world upside down. Before it ends the general stock market will be down 85-92%, banks will close and governments fall. People still do not realize Continue...Read More
Jim Rogers discusses the coronavirus and how the U.S. government has done all the wrong things in response to the threat.Continue...Read More
"So thank you to everybody who's doing what I'm doing, working from home to stop the spread of the virus from household to household," he added."That's the way we're going to win."Continue...Read More
If you're like us you've been sitting back with nothing else to do than contemplate the global economic disaster that we're currently going through. Is it a deep state plot, an act of utter incompetence by our leaders or just a bunch of well intentioned pointy headed bureaucrats in over their heads? It really doesn't matter which. This disaster has been completely mishandled from the get go. Accor...Read More
New York's explosion of confirmed coronavirus case numbers over the past several days - with the state's total at 37,258 cases, with 5,327 currently hospitalized, and 1,290 patients in the ICU - 20,011 among these in New York City alone, is downright scary.Continue...Read More
"Normalizing liquidity conditions, negative real rates, low cost of carry and concerns surrounding fiat currency debasement, not Continue...Read More
Black Tusk Resources has submitted a drill permit application for 18 drill pads at the McKenzie East Gold project in Quebec. In a news release, gold exploration and development company Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) announced that it has submitted an application to the Quebec Ministry of Forests, Wildlife and Parks for a permit to conduct exploration drilling on the...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 317,40535,48950,438154,761456,470522,604542,397 Change from Prior Reporting Period -18,885-1,270-3,626-28,187-54,782-50,698-59,678 Traders 18073785254268172 Small Speculators LongShortOpen Interest 51,32131,528573,925 -8,847133-59,545 non reportable posit...Read More
By: Ira EpsteinRead More
The House passed the historic stimulus bill later in the dayThe Dow ended another volatile week with a loss today, falling sharply as the U.S. became the country with the most reported coronavirus cases worldwide. The blue-chip index plunged over 1,000 points at its session lows, with Boeing (BA) the leading laggard. Later in the day, the U.S. House of Representatives passed the $2 trillion stimul...Read More
Stocks are eyeing big weekly gainsDespite just having come off its worst week since 2008, stocks suffered big losses again Monday, after the U.S. stimulus bill failed to pass in the Senate twice. The Dow, S&P 500, and Nasdaq recovered by Tuesday, however, as the gridlock in D.C. loosened, and hopes to pass the economic bill grew. Not only did the blue-chip index surge to its best daily percentage...Read More
ON Semiconductor stock is getting dragged down with the broader market todayON Semiconductor Corp (NASDAQ:ON) is following the rest of its sector peers back down the charts today, right on the heels of a big win for chipmakers yesterday. The stock is down 7.1% to trade at $13.10 at last check, with a price target cut from Deutsche Bank to $22 from $26 hardly helping matters. Today's dip puts ON's...Read More
Straddle trades are a viable option even when markets aren't as volatile A long volatility/ straddle strategy might be a good idea for the current roller-coaster market environment we're experiencing. Having a set allocation of your portfolio with these types of trades can be very beneficial to your overall returns, especially in times of turbulence. However, this strategy doesn't necessarily requ...Read More
Stocks are expanding their losses today as attention shifts back to the pandemicDespite yesterday's third-straight gain, the Dow Jones Industrial Average (DJI) is continuing to drop midday as attention shifts back to coronavirus now that the U.S. has the most confirmed cases worldwide. The blue-chip index is down over 740 points, most hindered by Boeing (BA), which was last seen down nearly 10%. N...Read More
Morgan Stanley upgraded the Weight Watchers parent to "overweight" from "equal weight"Weight Watchers parent WW International Inc (NASDAQ:WW) is getting dragged lower, along with the broader market, down 9.8% at $15.22, despite an upgrade to "overweight" from "equal weight" from Morgan Stanley. The analyst predicted a post-coronavirus surge in focus on health and wellness after an extended period...Read More
Fiat Chrysler is repurposing at least one facility to manufacture masks to combat COVID-19While more preventative measures are put in place to tackle to coronavirus pandemic, Fiat Chrysler Automobiles NV (NYSE:FCAU) announced it was in the process of converting its first plant into a hub that will create face masks to be donated to first responders and healthcare workers, and will be assisting chi...Read More
Cheesecake factory's board of directors will take a 20% reduction in cash retainer feesCheesecake Factory Inc (NASDAQ:CAKE) is down 8.4% to trade at $19.66 at last check this morning. Recently, the restaurant company's CEO, David Overton, told landlords they would not be paying April rent due to the closings and lack of business amid the coronavirus outbreak. Now, the board of directors has electe...Read More