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Best and worst stocks during the first 100 days of the coronavirus outbreak. Since the World Health Organization declared COVID-19 a pandemic March 11, the U.S. has suffered more than 100,000 deaths from the deadly virus, the economy was shuttered and then slowly reopened, and the investing markets produced record volatility. June 19 will mark 100 days since the WHO’s declaration. Since March 10, a day earlier, the Dow Jones Industrial Average US:DJIA rose 4.4% through the close June 17. The S&P 500 US:SPX has risen 8%, and the Nasdaq US:COMP has soared 18.8%. (Price changes in this article exclude dividends.)
Among the 11 sectors of the S&P 500, information technology has been the clear winner during the pandemic: MORE
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How to save money on car insurance and make sure you have the right coverage. Best Invest Finance News, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
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The Rise Of Ferrari: Video: In May 2020, Italian supercar maker Ferrari soared to a $30 billion market value, beating the top three major U.S. automakers. Compared to GM, Ford, and Fiat-Chrysler, Ferrari is a small carmaker known for limiting production and only makes about 10,000 units per year. But the auto industry is poised for some tremendous changes that raise questions about the long-term future of even high-end exotics
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British Sterling Pound Vulnerable to Be Worst Developed Currency:Kit Juckes, chief FX strategist at Societe Generale, discusses the state of the British pound amid rising debt and the economic recovery from the coronavirus pandemic. He speaks with Bloomberg’s Tom Keene on “Bloomberg Surveillance.”
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How Robinhood Makes Money6/19/2020 How Robinhood Makes Money. Learn about the Robinhood Trade App. Robinhood, an investing app valued at over $5 billion, says it's trying to "democratize America's financial system" by making investing accessible to the little guy with free trades.
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New Online Trends: KIDS DITCHING VIDEO GAMES TO TRADE STOCKS ONLINE. Day-trading “fundamentals” in jeopardy as Fed makes stocks a risk-free asset
On Wednesday we published a remarkable chart from Jesse Felder, showing that in the past few weeks, google search queries for “day trading” and “call option” had exploded to all time highs as retail daytraders flooded into the “can’t lose” market. To this we can now add the recent trends for “Robinhood” which, predictably is also at all time highs. All of this was not lost on Hertz and Jefferies, who as we reported overnight, are now hoping to piggyback on this daytrading euphoria to sell up to a $1 billion of effectively worthless to these same momentum-chasing addicts But who are these furious dip buyers who will soon be responsible for a new financial product, the Initial Bankruptcy Offering? While conventional wisdom defines the typical Robinhooder as a bored, “unemployed from home” Millennial or Gen Zer, the anecdotal reality is even more bizarre. As former Goldman partner Joseph Mauro writes on twitter, his 10-year-old son can’t find Fortnite players as they have migrated over to Robinhood. MORE
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“The era of the US dollar’s ‘exorbitant privilege’ as the world’s primary reserve currency is coming to an end”
Peter Schiff has been warning that that real crash will be a dollar crash. Now, some people in the mainstream are starting to sound that alarm as well. Even before the coronavirus pandemic, Peter was warning about the dollar’s demise. During an interview on RT last September, he warned that America’s “fiscal profligacy” was going to sink the dollar. “What has enabled this over the years has been the world’s willingness to hold US dollars as the primary reserve currency and to continue to loan money to Americans and to the US government so we can continue to live beyond our means. We can have enormous government programs that we don’t pay for and we can consume all kinds of goods that we don’t manufacture, and we can live in an economy based on consumption and debt without having to save or produce. The world has done that for us. And I think this is what’s going to come to an end. I think we’re going to see a collapse in the value of the dollar, and when the dollar does collapse, America’s power is going to dissipate. And Americans are going to have to deal with the reality that we’ve hollowed out our infrastructure; we’ve been living beyond our means. And there’s going to be a day of reckoning for these years of excesses.” More
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If your looking to start a business or grow your business this THE most absolutely essential thing you must do when deciding on it. Businesses that have this make a TON of money, businesses that don't almost always fail. This has been my key building a profitable business for almost 10 years. Alex Becker, Yotuube
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WELLS FARGO STOPS MAKING LOANS TO INDEPENDENT CAR DEALERS.
Two months ago, we reported that after the largest US bank had quietly exited the new loan issuance market, and hiked mortgage standards, JPMorgan also stopped accepting HELOCs, in what appeared to be a comprehensive withdrawal from the loan market ahead of the coming deluge of corporate bankruptcies spawned by the coronavirus shutdowns. This was confirmed just weeks later when in the latest Senior Loan Officer Survey we found that it has become next to impossible to get a loan as bank lending standards have soared for everything from C&I loans, to mortgages, to consumer loans. More
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Wall Street has fallen back in love with oil: Schork Report Editor on oil markets. The Schork Report Editor Stephen Schork joins Yahoo Finance’s Zack Guzman to discuss the latest outlook for oil and gas ahead of the upcoming OPEC+ meeting. Best invest Finance News, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
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Elon Musk Leaving Twitter6/2/2020
The CEO and founder of Tesla and SpaceX just announced the he is leaving Twitter. No one knows yet if it's for good or just a little break from the social media platform. We will update when more information is available. But so far we can only guess. Why do you think he is leaving?
The Tesla CEO said he’s leaving the platform “for a while” in a cryptic Monday night tweet two days after achieving his longtime dream of launching two American astronauts into space.
“Off Twitter for a while,” he said. Musk’s announcement caught the attention of the international hacktivist collective Anonymous, who vowed to fill the void left by the tech entrepreneur. “We’ll take it from here,” the group replied. So what is going on here? Does he feel bad treated by Twitter? Is it because of Twitters apparent censorship? Maybe both... we will update soon. PLEASE SHARE THIS STORY
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Watch Video With SpaceX Falcon 9 and Dragon rocket launch. See NASA Astronauts Robert Behnken and Douglas Hurley launch aboard a SpaceX Falcon 9 rocket and Dragon capsule from Cape Canaveral, FL for the first manned mission from US soil in nearly a decade. |