These pandemic profiteers have become internet pariahs. Brothers Matt and Noah Calvin admit in a New York Times interview that they bought up all of the hand sanitizer and antibacterial wipes that they could find across Tennessee and Kentucky after the first U.S. coronavirus death was reported on March 1, …
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‘We didn’t know how to navigate the virus and chose not to because we didn’t think we had an edge in trading it. So, we stayed in our positions and in retrospect we should have cut all risk.’ Ray Dalio Ray Dalio’s deft navigation of the financial crisis 12 years …
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‘BIGGEST STOCK MARKET RISE IN HISTORY YESTERDAY!’ President Donald Trump That is Trump on Saturday morning, referencing the Friday surge by the Dow Jones Industrial Average DJIA, +9.36% , the S&P 500 index SPX, +9.29% and the Nasdaq Composite COMP, +9.35% , which constituted the major equity benchmarks’ biggest daily percentage …
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Getty Images President Donald Trump addresses the nation Wednesday night from the Oval Office about the widening coronavirus. Known as COVID-19, the pandemic has infected more than 109,000 people and killed more than 3,800 people in 105 countries. ‘I don’t expect politicians to know Maxwell’s equations for electromagnetism or the …
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Investing and trading are about making money, and you should never let your political opinions get in the way. Irrespective of what you think of President Trump, Wall Street trusts him. How does this affect you? Let’s explore with the help of two charts. Please click here for an annotated …
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Nassim Nicholas Taleb, whose book “The Black Swan” foreshadowed the 2008 global financial crisis, responded to Elon Musk’s tweet about what he called a panic over the coronavirus with a brief lesson on probability and human endurance over the millennia. “[T]he coronavirus panic is dumb,” Musk, the CEO of SpaceX …
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Is TV host Meghan McCain the right-wing equivalent of New York progressive lightning-rod Rep. Alexandria Ocasio-Cortez? At least one person thinks so: McCain. ‘I feel like you’re the boogeywoman of the right, and I’m the boogeywoman of the left.’ That’s the daughter of Sen. John McCain comparing her experience in …
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Facebook Inc.’s Mark Zuckerberg is once again calling for more regulation of Big Tech, even if it affects his company’s bottom line. “I believe good regulation may hurt Facebook’s business in the near term but it will be better for everyone, including us, over the long term.” That’s what Facebook’s …
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‘I think there are lots of troubles coming… There’s too much wretched excess.’ That’s Charlie Munger, vice chairman of Berkshire Hathaway BRK.A, +0.06% , sharing his thoughts on the current climate at the Daily Journal annual shareholder meeting on Wednesday. Munger, who serves as chairman for the Daily Journal along …
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