(Bloomberg) — In a couple of years, Japan will be paying the highest rates in the world to incumbent power utilities simply for maintaining generation capacity, including coal and nuclear plants, to help meet electricity demand in times of scarcity. That windfall comes at a time when Japan is seeking […]
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President Trump’s update on coronavirus stimulus talks didn’t seem to have the effect he was hoping for. On Tuesday afternoon, Trump tweeted to announce he was rejecting Democrats’ coronavirus stimulus package and calling off talks on the subject until after Election Day. Despite his questionable claiming the “economy is doing […]
© REUTERS/Kevin Lamarque/File Photo Joe Biden. REUTERS/Kevin Lamarque/File Photo The market could be on the verge of experiencing an internal rotation out of the winners and into the losers, sparked by a Joe Biden victory this November, JPMorgan said in a note on Monday. With polls favoring Biden and the […]
For many years, decades even, I’ve written about how all the tax tricks targeted for giant corporations and rich investors, government subsidies and tax avoidance loopholes, marketplace protections, fiscal + monetary stimulus have created a Bubble-Blowing Bull Market environment that has long artificially juiced investor gains. Here’s an example from […]
Google was a key focus of the Big Tech antitrust investigation findings released Tuesday by the U.S. House Judiciary subcommittee. The subcommittee claimed the company knowingly and unfairly gave preference to its own services while demoting third parties — often at the command of company executives. The company holds market […]
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By Yoshifumi Takemoto, Kaori Kaneko TOKYO (Reuters) – Japan’s unemployment rate rose in August to its highest in over three years and job availability fell to a more than six-year low, government data showed on Friday, indicating damage caused by the COVID-19 pandemic persisted through the month. FILE PHOTO: Job […]
NEW YORK (Reuters) – U.S. stock exchanges have put New Jersey on notice: Pass a financial transaction tax and they will relocate their primary data centers, where billions of dollars of trades are executed daily – possibly to Chicago. FILE PHOTO: A U.S. dollar note is seen in front of […]
Scott Galloway is a bestselling author and professor of marketing at NYU Stern. The following is his recent blog post and video, republished with permission. It originally ran on his blog, “No Mercy / No Malice.” Galloway says that if Disney Inc. wants to boost its current underwhelming performance in […]
“If this had happened yesterday, before the presidential debate, it would have caused upheaval in the markets,” Mr. Kubota said, with investors losing the opportunity to make short-term trades based on the candidates’ performances. Futures tracking the market were calling for a modest rise Friday, suggesting that investors were not […]
A housekeeping worker wears a mask as she cleans a room, Wednesday, March 4, 2020, at an Econo Lodge motel in Kent, Wash. AP Photo/Ted S. Warren The US has announced layoffs in several sectors this week, but one economist thinks the outlook is less grim. American Airlines and […]
RBC’s analysis of ESG hedge funds found that in the second quarter, they bought stocks that had been winners during the March sell-off — and turned out to be winners in the subsequent rally. The stocks that were added by the largest number of socially conscious funds also outperformed during […]
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Scary scene – ‘By the Light of the Moon’, 1882. (Photo by Fine Art Images/Heritage Images/Getty … [+] Images) Heritage Images/Getty Images August’s bullish stock market gave way to September’s wobbles. With the median S&P 500 stock now 15% below its 52-week high, will October treat us to investment goodies? […]
Stocks were volatile on Friday as the market digested the overnight news of President Donald Trump and the first lady Melania Trump testing positive for the coronavirus. © Joe Burbank, AP Guests wear masks as required to attend the official reopening day of the Magic Kingdom at Walt Disney World […]
© Provided by Daily Mail MailOnline logo The number of homebuyers purchasing apartments in Manhattan has dropped significantly by 46 per cent, with many instead flocking to the New York suburbs and to Florida. According to data from Compass, some 10,000 homes are currently up for sale in Manhattan, a […]
By Justin Spittler The biggest software IPO is officially in the books. Two weeks ago, in one of the most hyped events of the year, Snowflake (SNOW) went public. Snowflake is a data warehousing company. It helps companies better access and make sense of their data. We’ve been “stalking” Snowflake for over […]
KALISPELL, Mont. (AP) — When the height of the coronavirus pandemic first took hold last spring, forcing a nationwide shutdown, Flathead Valley seed potato farmer Steve Streich gave away 70,000 pounds of potatoes. As bars, restaurants, schools and cafeterias closed, frozen French fries began stacking up in freezers and loading […]
By Jan van Eck, CEO, VanEck As you may know, this summer I grew frustrated with what was not being taught in colleges—namely, what I think is necessary historical background for a career in finance. To address this gap, I taught a 16 unit course to our summer interns on the history […]
A researcher works on a vaccine against the new coronavirus COVID-19 at the Copenhagen’s University research lab in Copenhagen, Denmark, on March 23, 2020. THIBAULT SAVARY/AFP via Getty Images Goldman Sachs’ Erin Riley said the announcement of a COVID-19 vaccine will trigger a stock-market rotation into sectors that have […]
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getty In our youth-obsessed culture, the devastating plight of older workers is glaringly overlooked. We are all having challenges dealing with the virus outbreak. Over the last six months, over 60 million Americans lost their jobs. The weekly jobless report from the U.S. Department of Labor released Thursday indicated that […]
Talk about an October surprise. As if 2020 couldn’t get any more dramatic for investors, the news that President Trump and his wife have contracted COVID-19 has injected a fresh dose of uncertainty into the U.S. stock market. What the president’s diagnosis portends for equities remains to be seen but […]
Shutterstock Oil fell as much as 5% on Friday after Presidnet Donald Trump said he had tested positive for COVID-19. That decline far outpaced other asset classes. Trump’s test has no direct impact for the oil market right now, but it has brought into stark focus the risks […]
The big talk in the auto industry has been around electric cars and their eventual role in autonomous driving. But the used-vehicle market in the U.S. is more than twice as large as the new-car market on a unit-sales basis. So it’s worth taking a close look at how the […]
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Just as our news cycle has been dominated by the two warring political parties in this country, churning just under the surface are opposites of a different kind — the two economies in our country. The coronavirus-induced economic downturn has brought the contrast between the haves and have-nots, and the […]
Katie Brockman, The Motley Fool Published 6:01 a.m. ET Oct. 2, 2020 | Updated 9:24 a.m. ET Oct. 2, 2020 CLOSE The coronavirus (COVID-19) is impacting the global economy and raising fears of a recession. What causes a recession and what are the signs? USA TODAY The stock market has […]