The recent stock market plunge is being led by megacap companies, especially large technology companies including the FAANG stocks . At this point, it’s not clear how far the correction will go, but we have experienced toppling markets in the past that were driven by the world’s biggest firms. Top Heavy I
The Fed seems bent on raising interest rates in December, and the banking industry is the beneficiary, with legendary investor Warren Buffett hitting the point home with a revelation this week that Berkshire Hathaway has made a $4-billion stake in JPMorgan ( JPM ). Since his move earlier this month to buy back
The milk of human kindness does get rancid at times. The human interest story that captured the media, and in doing so, the hearts of decent Americans, may have been a scam concocted by the players. At least ,that is the allegation.
Nice for this to come out right before the holidays. I am sure that legitimate charitable organizations are just thrilled.
From NBC News
Couple Mark D’Amico and Kate McClure and homeless man Johnny Bobbitt Jr. are expected to face charges that include conspiracy and theft by deception.
Source: Homeless man and N.J. couple concocted story for GoFundMe fundraiser, complaint says
By Paul Fenner, CFP®, CHFC Even when they are expected, market corrections are never easy to go through. However, certain elements can help us through downturns with the most crucial being a solid understanding of why we invest and have a wealth management plan. Planning, along with understanding, can help
I’d like to show the world is stoned,
In perfect harmony
I’d to share the world a coke….
So much that would be been seriously strange in the seventies, is just okay now.
We are blown away….
From Denver Post…
When Coca-Cola publicly announces it is sizing up business opportunities in a specific industry, people tend to take notice.That was the case with in mid September, when Coke — the world̵…
Source: Colorado companies hope to tap infused beverage craze
When we were the only game in town, Donald Trump’s ideas might have worked.
Those days are over, thanks to us. We created a global economy that we cannot control, and that is the problem.
Iranian President Hassan Rouhani said Saturday that newly imposed U.S. sanctions targeting Iran’s shipping, shipbuilding and financial sectors will not impact the country’s economy since the White House had already applied extensive sanctions on the Islamic republic.
Source: Iran: New sanctions ‘have had no impact on our economy’
Shutterstock photo Have you ever wondered why it seems like every homeowner believes his or her home is worth more than the market says it’s worth? Over the last decade, with a few brief exceptions, American homeowners have consistently believed that their homes were worth more than their appraised values
Don’t like the anchor? We can change him. Or her. What are the implications of getting your fake, or not-so-fake news from a computer-generated person?
One is that you will become increasingly dependent on entities that do not exist in the flesh.
That doesn’t sound so bad unless the line between carbon-based entities and silicon-based ones becomes blurred.
And what about the man behind the screen? Do we just continue to pay no attention to him or her?
Lots to consider here.
China’s state-run news agency has revealed it will deploy new digitally generated newsreaders to report the news. The artificial anchors have been designed to reduce news production costs and increase efficiency, however, the use of the technology brings a new definition to the term “fake news.”
Source: Real “fake news”: China introduces AI news anchor
Monroe Capital MRCC came out with quarterly earnings of 0 38 per share beating the Zacks Consensus Estimate of 0 36 per share This compares to earnings of 0 34 per share a year ago These figures are adjusted for non recurring items This quarterly report represents an earnings surprise