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Here’s Another Damning Chart That the Fed-Fueled Recovery Will Implode
- September 17, 2020
- Posted by: News
- Category: News
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The Federal Reserve’s monetary policy fueled the recovery since the crash in March. After hitting all-time highs on September 2, the U.S. stock market has undergone correction amid a tech selloff. The implications of the Fed’s accommodative policies are taking effect in the form of significant distortions in the real economy, signaling a growing disparity
GM Has Lost Over $400 Million in Nikola ‘Stake’ Since Fraud Claims
- September 17, 2020
- Posted by: News
- Category: News
Nikola’s stock has taken a hit from the fraud allegations put out by a short-seller. The stock is now trading significantly below the value at which GM was to get a stake in the new energy carmaker. Securities regulators and federal authorities are investigating Nikola over claims of misleading investors. The stake that General Motors
Cam Newton Still Hasn’t Bought Into the ‘Patriot Way’
- September 17, 2020
- Posted by: News
- Category: News
When Cam Newton became a free agent, everyone assumed he would eventually land with the New England Patriots—as he did. The primary concern, though, was how well the flamboyant quarterback would mesh with Bill Belichick and the Patriot Way. Throughout camp, it seemed like he was going to mesh just fine. But his actions after
Why Is Everyone Suddenly So Cool With Criminal Martha Stewart?
- September 17, 2020
- Posted by: News
- Category: News
Martha Stewart is back with a new line of CBD products. Publications are fluffing up the announcement with nice headlines about Stewart. Did everyone forget why she went to prison? Martha Stewart is back. And now she’s selling drugs. That’s right, the iconic homemaker is pushing a new line of CBD edibles, and the press
This Is Why The Dow Jones Fell 180 Points Today
- September 17, 2020
- Posted by: News
- Category: News
The Dow Jones dropped 0.6% points on Thursday. Worries about an impotent Federal Reserve are rising without meaningful fiscal intervention from Congress. IG believes the FOMC has been backed into a corner like Europe’s ECB. A weaker than forecast initial jobless claims number, spiking European coronavirus cases, and fall-out from the FOMC all conspired to
Is the GM-Nikola Partnership a Game-Changer for Tesla?
- September 8, 2020
- Posted by: News
- Category: News
General Motors has taken an 11% stake in Nikola. The two companies are working on an all-electric pickup truck. This could provide the first meaningful competition for Tesla Motors. Shares of Nikola Motors are leading another poor day for the markets, as the company announced a partnership with General Motors. GM has provided $2 billion
Dow Plunges 450 Points as Tech Selloff Intensifies, Stimulus Stalled
- September 8, 2020
- Posted by: News
- Category: News
The Dow Jones Industrial Average declined sharply on Tuesday; Nasdaq and S&P 500 also fell. Big Tech continues to unravel following last week’s flash crash. Democrats and Republicans are expected to announce details later this week on a new funding resolution that would avoid a government shutdown. The Dow and broader U.S. stock market opened
Boosie Badazz Shouldn’t Get his IG Back
- September 8, 2020
- Posted by: News
- Category: News
Rapper Boosie Badazz recently had his Instagram account taken away, allegedly for his sexual content. He went on Twitter and offered Mark Zuckerberg $100k to get it back. People with money shouldn’t be allowed to break the rules just because they have money. Boosie Badazz is eternally ‘on one.’ His latest drama revolves around his
Xbox Series S Trailer Leaks to Reveal Astonishing Next-Gen Value
- September 8, 2020
- Posted by: News
- Category: News
Microsoft officially unveiled the $299 Xbox Series S earlier today. The console’s specifications and target performance have now leaked courtesy of a trailer. Bundling in Game Pass and Xbox Live Gold for $25 a month via Xbox All Access, the sheer value of the console cannot be understated. Hot on the heels of Microsoft confirming
Whatever a AAAA Game is, Ubisoft Has Two In The Pipeline
- September 8, 2020
- Posted by: News
- Category: News
Ubisoft is working on two AAAA games, one of which is Beyond Good and Evil 2. The new terminology is referenced in several Ubisoft employee LinkedIn profiles. It’s unclear exactly what AAAA means, although Ubisoft appears to be embracing it. We’ve heard of AAA games, pumped out ad nauseam by the likes of Activision Blizzard,