Tag: NYSE
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Flupocalypse 2020: Assuming you stay healthy, this is your ‘get rich’ moment
When the savings and loan crisis in the US hit in 1989, a lot of slow-moving investors lost their dough thinking the worst couldn’t possible happen. When the dotcom bubble burst in 2001, a lot of folks got torn up as stocks that had previously been 100-baggers went to zero. When the real estate market burned…
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![Nio (NIO.NYSE) surges 12%: Chinese Gov. doesn’t want Tesla (TSLA.Q) to humiliate the locals]()
Nio (NIO.NYSE) surges 12%: Chinese Gov. doesn’t want Tesla (TSLA.Q) to humiliate the locals
NIO took a leaf out of Apple’s (AAPL.Q) playbook and outsourced production to a to a purpose-built factory run by JAC Motors (江淮汽车) a Chinese state-owned automobile manufacturer.
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![Sprint (S.NYSE), T-Mobile (TMUS.Q) gain $41 billion after gullible judge gives thumbs up to mega-merger]()
Sprint (S.NYSE), T-Mobile (TMUS.Q) gain $41 billion after gullible judge gives thumbs up to mega-merger
Judge Marrero said that opposing states “failed to persuade him that a merger of the No. 3 and 4 carriers would harm consumers”.
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![Coronavirus freak-out: global markets just paid $3 trillion for a bowl of weak peacock soup]()
Coronavirus freak-out: global markets just paid $3 trillion for a bowl of weak peacock soup
A Wuhan market price list offers 112 types of wild critters including peacocks, foxes, giant salamanders, snakes, rats, porcupines and camel meat.
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![(GDXJ.NYSE): junk bond market flashes warning sign]()
(GDXJ.NYSE): junk bond market flashes warning sign
$1.2 trillion worth of corporate junk bond debt will mature in the next few years, leaving investors in a world of pain, as many of the bleeding corporations will be unable to repay the principle. “The biggest boom in corporate credit since the Great Recession in 2008 has led to warnings from regulators that a…
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![Icahn’s noxious no-brainers and America’s share buyback binge: Is value extraction a sham?]()
Icahn’s noxious no-brainers and America’s share buyback binge: Is value extraction a sham?
Icahn’s traveling roadshow is only marginally better than the criminal activities of Bain Capital. These vicious business vultures swoop in, gain control of the shares, get the company to load up on back-breaking debt to commence a share buyback scheme which they sell into and walk away from long before the company’s books explode all…
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![The emperor’s new clothes or welcome to debt-fueled consumer-driven economics]()
The emperor’s new clothes or welcome to debt-fueled consumer-driven economics
Remember Han Christian Andersen’s The Emperor’s New Clothes? It starts off about seeing something and saying nothing, but then ends with deliberate denial. It seemed as though Anderson’s satire came to life when analysts proclaimed retailers would enjoy a busy Christmas because the latest consumer sentiment index (CSI) was up. The CSI is based on…
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![CLS Holdings (CLSH.C) is now a multi-state “adult use” cannabis operator]()
CLS Holdings (CLSH.C) is now a multi-state “adult use” cannabis operator
On November 05, 2019 CLS Holdings (CLSH.C) announced that “In Good Health”, a licensed medical dispensary, will begin the sale of recreational cannabis from its retail location in Brockton, Massachusetts. CLS Holdings is executing a “seed to sale” growth strategy that involves buying cannabis dispensaries, cultivators and producers. Brockton, MA Brockton has been named one…
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![Big Tobacco player Altria (MO.NYSE) lobbying hard for hemp, but is it the magic bullet Congress is counting on?]()
Big Tobacco player Altria (MO.NYSE) lobbying hard for hemp, but is it the magic bullet Congress is counting on?
Tobacco giant, Altria Group (MO.NYSE), is lobbying in the United States for “matters pertaining to hemp and crop insurance,” among other things, seemingly aiming to pivot away from vaping amidst a national health emergency. A lobbying report filed by The Russell Group listed its income for the quarter on behalf of Altria as $60,000, a…
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![Mastercard (MA.NYSE) backs out of Facebook’s (FB.Q) Libra team like a two-headed baby]()
Mastercard (MA.NYSE) backs out of Facebook’s (FB.Q) Libra team like a two-headed baby
Mastercard (MA.NYSE) joined PayPal (PYPL.Q) and Visa (V.NYSE) with its announced exit from Facebook’s (FB.Q) Libra support group today, leaving the once famed project listing in the wind without a major payment processor to back it. Mark Zuckerberg, Facebook’s CEO, said he had hoped to foist his cryptocurrency on the public in the same way Amazon…
