CMCSA reported lower-than-anticipated revenue, though its earnings exceeded expectationsComcast Corporation (NASDAQ: CMCSA) announced first-quarter profits of 71 cents per share, higher than Wall Street's estimated 68 cents per share. However, the reported revenue of $26.66 billion came in lower than analysts' estimated $26.75 billion. The company also warned that the coronavirus could weigh on f...Read More
B. Riley FBR lifted its price target on LULU to $257 from $210The stretch pants stay-at-home uniform adopted by many during self-isolation has been a boon for apparel name Lululemon Athletica Inc (NASDAQ:LULU), at least according to Susan Anderson at B. Riley FBR. The analyst raised its shares to $257 from $210 -- a roughly 13% premium to current levels -- citing an increased demand for athleisure...Read More
All three benchmarks are heading toward big monthly wins, thoughThe Dow Jones Industrial Average (DJI) is off by triple-digits, last seen down over 250 points as economic data overshadows a busy day of earnings reports. Jobless claims for last week came in at 3.84 million, toppling the 3.5 million estimate and bringing the coronavirus pandemic's toll to 30 million lost jobs. The S&P 500 Index...Read More
Tesla's first-quarter earnings and revenue report beat out analysts' estimatesThe shares of Tesla Inc (NASDAQ:TSLA) are up 7.5% to trade at a two-month high of $861.24, after the electric vehicle manufacturer reported first-quarter earnings of $1.24 per share and revenue of $5.99 billion, both of which beat out Wall Street's estimates. Tesla also said its Model Y helped contribute to profits, ma...Read More
Microsoft reported an earnings and revenue beatShares of blue-chip Microsoft Corporation (NASDAQ:MSFT) are up 0.9% to trade at $179.09 this morning, after the company reported an upbeat fiscal third-quarter report. The tech giant announced profits of $1.40 per share and revenue of $35.02 billion -- both topping Wall Street's estimates. Following the news, no fewer than 10 analysts have raised the...Read More
Tapestry's fiscal third-quarter results gave investors yet another taste of how hard the retail sector has fallen Tapestry Inc (NYSE:TPR) is down 9.9% at $15.34, after the Coach parent's fiscal third-quarter report gave investors another look at the devastating impact the coronavirus pandemic has had on the retail sector. The company posted losses per share of 27 cents, missing analyst estimates a...Read More
Jobless claims surpassed expectations for the seventh-straight weekDow Jones Industrial Average (DJI) futures are eyeing a modest move below fair value this morning. The latest batch of weekly jobless claims is weighing on Wall Street, with the 3.8 million unemployment filings toppling the 3.5 million estimate. The ugly numbers --a seventh straight week surpassing analyst estimates -- are overshad...Read More
"It's pretty clear the world economy is collapsing."Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for doing so. I...Read More
The world is cheering the news that Gilead Science's antiviral drug remdesivir is showing a "clear cut positive effect in diminishing time to recover" for those infected with the covid-19 virus. President Trump says he is now pushing the FDA to fast-track remdesivir through the approvals process. So the media is filled with joyous headlines and the stock market had a banner up day. But as with mos...Read More
Will a bankrupt nation suffering from a massive six trillion dollar bailout hangover lose its appetite for interventionism overseas? Or is the global coronavirus just the kind of "Pearl Harbor event" the neocons have long pined for to again launch their global war plans? Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eig...Read More
Francis Boyle implemented The Biological Weapons Anti Terrorism Act of 1989 signed into law by President George Bush Senior...Read More
James Rickards gives his opinion about the possible demise of fiat currencies.Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital markets. He is currently Chief Global Strategist at Meraglim. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitator of the first eve...Read More
With special guest Bruce Greenwald, academic director of the Heilbrunn Center for Graham and Dodd Investing at Columbia University, adviser at First Eagle Investment Management and former electrical engineer at Bell Labs.James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most...Read More
J. Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton's International Commodity Division, headquartered in New York City's Battery Park. He studied under David Johnston, head of Hutton's Commodity Division and Chairman of the COMEX. In the 1980s Mike began to develop his own momentum-based method of technical analysis. He learned early on that o...Read More
There are decades where nothing happens and there are weeks when decades happen. -Vladimir Lennin. Everything Gordon and I have been talking about has come to fruition. The size and magnitude of the problem has been grossly understated. Oil companies, state and local government debt. Globally it's even worse. 50-60 percent of S&P profits are coming out of the global economy. The forward PE is 20,...Read More
Join Jason Liosatos as he goes One-on-One with Michael Snyder, creator of TheEconomicCollapseblog.com.Read More
A new poll finds that the majority of Canadians - 60 per cent - think that when a vaccine for coronavirus becomes available it should be made mandatory.Continue...Read More
"This is no different than any other public record we deal with," Nelson said. "It's paid for by taxpayer dollars and the taxpayers have a right to know."Continue...Read More
It seemed like such a good idea at the time. Airbnbs were the next wave in hospitality, taking market share from hotels and motels and backed by a tech network that made running a virtual bed and breakfast fun and easy.Continue...Read More
Despite a weakened economy, stocks continue to rise on the back of monetary stimulus, which is bound to push gold prices even higher, this according to Frank Holmes, CEO of U.S. Global Investors.Stocks are going up "because of the trillions and trillions of dollars of money printing from the helicopters of central bankers. The G20 central bankers, the G20 finance ministers, that's a cartel, like O...Read More