Uber just announced the temporary suspension of its ride-pool optionNews that Uber Technologies Inc (NYSE:UBER) is suspending all carpool or "pooled" rides in the U.S. an Canada in response to the COVID-19 pandemic has the ride-share concern down 8.3% to trade at $18.66 -- earlier touching a record low of $18.01. Senior vice president Andrew Macdonald said in a statement, "our goal is to help flat...Read More

Needham gave ZM stock a "buy" rating and a $140 price targetZoom Video Communications Inc (NASDAQ:ZM) is attracting attention with its invaluable video conferencing technology amidst the "social distancing" and quarantine trends triggered by the coronavirus pandemic. With that in mind, Needham initiated coverage on ZM with a "buy" rating and a $140 price target. The communication platform has beco...Read More

Amazon stock rose after it announced 100,000 new hires and internal raisesAfter it was announced that it would hire 100,00 new workers and give raises to current employees, shares of Amazon Inc (NASDAQ:AMZN) are up 3.1%, last seen trading at $1,741.22. The pre-market rise came despite news yesterday that Prime members should expect "out-of-stock" household items and delays for what would typically...Read More

The fast food chain will be shifting to take-out and delivery options in their U.S. stores Fast food giant McDonald's Corp (NYSE:MCD) is treading just below breakeven before the open this morning, down 0.3% at $149.03 as the company contends with how to move forward in the face of mass coronavirus closures in the U.S. MCD said it plans on closing many of its dine-in areas, while shifting to carry-...Read More

Dow futures are eyeing a 200 point popDow Jones Industrial Average (DJI) futures are eyeing a modest rebound this morning, up roughly 200 points, following yesterday's disastrous selloff and subsequently volatile overnight trading linked to concerns over the coronavirus. President Donald Trump weighed in on Twitter (TWTR) last night, saying "The United States will be powerfully supporting those i...Read More

Rambus/PlungerThe great debate on whether we're going to see inflation or deflation has been answered in spades. For years some of the greatest minds of our time have discussed this issue in great detail with each side giving probable reasons as to why we'll see either inflation or deflation. Both sides can make great points to their arguments but in the end only one side will win the battle tha...Read More

If you're feeling depressed because your retirement fund has been cut in half by the Covid-19 avalanche on Wall Street, take heart because you may have a good chance to get it back. Yeah, I know, I wrote here only last week that the bear market would stretch on for years, bankrupting us all and ushering in the Second Great Depression. But watching the spectacular collapse of Boeing shares has ma...Read More

The fall in gold will clear some short term investors and also result in a big increase in long term investors. Both gold and silver are good long term investment opportunities. In the short term gold and silver will see a see-saw type prices moves like yesterday. Global financial markets have to stabilize for gold and silver to for a short term direction. In the very short term both gold and si...Read More

The European Commission (EC) has published guidelines for border management measures including goods transportation during the outbreak of 2019-nCoV coronavirus, now that logistics issues have begun to bite, the EC said on Monday March 16.The rapid spread across Europe of the Covid-2019 disease caused by the virus has forced governments to resort to strict measures, including border closures in so...Read More

European car manufacturers have announced temporary stoppages at production sites across Europe due to the 2019-nCoV coronavirus pandemic, Fastmarkets learnt on Monday March 16.Car manufacturer Groupe PSA - maker of the Peugeot, Citroen, Opel and Vauxhall brands - has decided to close its plants in Europe, it said on Monday.It opted to close a number of production sites until March 27 "due to the...Read More

Cadence Minerals is poised to become a 20% shareholder in the Amap?? iron ore project in Brazil once the mine's current owner reaches a settlement agreement with its secured bank creditors. The London-based company and its joint-venture partners, Indo Sino Pte Ltd, have been in their own negotiations with the creditors and have offered a settlement involving a discount on the amounts owed by curre...Read More

The UK steel industry has welcomed a boost in infrastructure spending in the latest government budget, announced on March 12, but expressed disappointment about missed opportunities to tackle weaknesses in the sector.Chancellor Rishi Sunak announced investment of ?640 billion ($786.2 billion) in roads, railways, communications, schools, hospitals and power networks across the United Kingdom by 20...Read More

Stewart Thomson, Graceland Updates 1. The Corona war intensifies, and now the enemy has an air force! Health organizations like WHO are declaring the enemy virus airborne. 2. Pathetic Western governments and central banks are fighting back with the only weapons they have; more debt and propaganda that the fight is going "better than expected".3. Please click here now. Double click...Read More

12:02p ET Tuesday, March 17, 2020Dear Friend of GATA and Gold:A few observations on the turmoil in the financial system.1) Because of the virus epidemic, economic production is being sharply curtailed around the world and likely will remain sharply curtailed for some time.2) Accordingly, personal incomes are being sharply curtailed too, so there is talk of "helicopter money" to replace incomes....Read More

Keith Weiner, Monetary MetalsWe got hate mail after publishing Silver Backwardation Returns. It seems that someone thought backwardation means silver is a backward idea, or a bad bet. "You are a *&%#! idiot," cursed he. "Silver is the most underpriced asset on the planet," he offered as his sole supporting evidence. He doesn't know that backwardation means scarcity, not that a commodity's pr...Read More

Governments love crises because when the people are fearful they are more willing to give up freedoms for promises that the government will take care of them. After 9/11, for example, Americans accepted the near-total destruction of their civil liberties in the PATRIOT Act's hollow promises of security.It is ironic to see the same Democrats who tried to impeach President Trump last month for abu...Read More

Stefan Gleason, Money MetalsThe last few days have been like nothing most of us have ever experienced - or are likely to experience again in our lifetimes.Panic has spread from the streets of Wuhan to the grocery stores of America's heartland, from nursing homes to the Federal Reserve Board, from the stock market to the gold and silver markets.Like other asset classes, the precious metals space...Read More

David HaggithMarch 16 2020Today's crash wiped out almost the entire Trump Rally, going back to the day "The Donald" was elected President of the United States. The stock crash, rolling through our days like late-summer thunder, is a daily headline now, each day unimaginably worse than the record day before!Charts can't even keep up with the action. Because I couldn't initially find one that matc...Read More

"The further a society drifts from truth the more it will hate those who speak it" - George OrwellThe western Central Banks, led by the BIS, are operating to push the price of gold and silver as low as possible. It's a highly motivated effort to remove the proverbial canary from the coal mine before it dies. A soaring price of gold signals to the world that the Central Banks have lost contr...Read More

Rambus/PlungerThe great debate on whether we're going to see inflation or deflation has been answered in spades. For years some of the greatest minds of our time have discussed this issue in great detail with each side giving probable reasons as to why we'll see either inflation or deflation. Both sides can make great points to their arguments but in the end only one side will win the battle tha...Read More