The chief investment officer of CalSTRS is planning to sell stocks for the remainder of 2020. Institutional investors are worried about the disconnect between the ‘V-shaped’ stock market and the ‘W-shaped’ economic recovery. Equity markets are coming off their best quarter in decades, though gains slowed substantially in June. One of America’s largest pension funds
The Dow Jones relinquished its early gains to remain little changed in late afternoon trading. The Federal Reserve’s FOMC minutes failed to move the stock market. Dow bulls took a breather ahead of Thursday’s blockbuster jobs report. What could have been a negative session for the U.S. stock market turned modestly green after a Pfizer
Shane Dawson has been demonetized from YouTube. The “canceling” comes as a result of his past content. Logan Paul says he feels sorry for Dawson — but he just might be the only one. Shane Dawson feels sad, and so does Logan Paul. Just one day after YouTube demonetized the content on all three of
Has Hollywood had enough of Ellen DeGeneres? There are rumors that her show may finally get canceled. You know it’s bad when a superficial industry thinks you’re too superficial for them. Ellen DeGeneres isn’t dancing much these days. After months of countless testimonials about her bad behavior, the rumor is that Hollywood has sent a
Kanye West posted a picture with Elon Musk that went viral on Wednesday. It’s Musk’s latest, of many, efforts to look cool. Paradoxically, Elon Musk will never be cool until he accepts that he isn’t. Kanye West just posted a picture with Tesla CEO Elon Musk. In a vacuum, there’s nothing wrong with the photo.
Twitch streamer Alinity slams the popular rumor that the platform’s moderation staff give her preferable treatment. In an expletive-laden clip from a recent Twitch stream, Alinity asked, “how is it my fault?” that the moderation staff’s decisions are inconsistent. Alinity’s denial comes after famous streamer Ninja again brought up the infamous clip where she throws
Director Joss Whedon is the latest Hollywood name to face the firing squad. Justice League Cyborg star Ray Fisher claims he was “abusive” and “unprofessional.” At some point, we have to figure out where cancel culture crosses a line. Is Joss Whedon that line? The Avengers director Joss Whedon is the latest Hollywood big wig
Duchess Kate Middleton was recently part of a nice little video boosting the spirits of tennis fans who are missing out on Wimbledon this year. Of course, internet trolls claiming to be fans of Meghan Markle have attacked Kate, and not for the first time. I’m sure this little group of weird internet trouble makers
Tesla stock continues to surge, with shares breaking through $1,100 today. CEO Elon Musk tweeted that a stock split was worth discussing. This won’t change the company’s fundamentals, but it may pull the wool over retail investors’ eyes. Tesla stock (NASDAQ: TSLA) is up around 3% today. The Elon Musk-led carmaker is currently jockeying with Toyota
Developer Toys For Boys says Crash Bandicoot 4: It’s About Time won’t feature microtransactions (MTX). A Microsoft Store listing that confirmed ‘in-app purchases’ sparked speculation around their inclusion. Nitro-Fueled’s micro-transaction story suggests it may be best not to take these at face value Crash Bandicoot 4: It’s About Time won’t feature micro-transactions, according to developer
EU travel limits on Americans will hit United Airlines harder than other major airlines. Nearly a fifth of United Airlines’ revenues come from Atlantic flights. Europe contributes nearly 30% of the carrier’s net income. The EU has excluded the U.S. from the list of “safe countries” whose citizens are allowed to travel to the bloc.
As more “insider” books are released, we’re getting a clearer picture of what goes on behind closed royal doors. William was, quite rightly, concerned that Harry was rushing into his relationship with Meghan Markle. Meghan, however, played Harry like an old violin. She may not have much acting talent, but the lady is certainly no
Used physical PS4 games will be eligible for free PS5 upgrades, Sony has confirmed. A new report suggests Sony remains reluctant to discuss backward compatibility beyond PS4 titles. It’s time for Sony to clarify PS1, PS2, PS3 backward compatibility once and for all. There’s good news for would-be PS5 owners. Free PS5 upgrades for games
The U.S. government has bought the entire global supply of Covid-19 drug remdesivir for the next three months. Hospitals will be charged $3,200 per treatment for the drug, representing a huge markup of 31,900%. To make matters worse, Gilead received public funding for remdesivir’s development and has a history of tax-dodging. The U.S. government has
Dr. Anthony Fauci potentially sees the U.S. reaching 100,000 new infections per day. The U.S. stock market is at risk of a pullback as new cases make reopening the economy more difficult. Analysts foresee the momentum of stocks slowing down in the near-term. Dr Anthony Fauci believes the U.S. could reach 100,000 cases per day
Nintendo aims to extend the life cycle of the Switch as long as possible. The hybrid console continues to grow in popularity according to the company’s president Shuntaro Furukawa. The Japanese video game giant has no plans to announce a Switch successor anytime soon. If you’re hoping for a successor to Nintendo’s phenomenally popular Switch
Ninja, Alinity, and more popular streamers get into a war of words over Twitter. It began after controversial Twitch streamer xQc accused top, fundraising streamers of being paid to work with charities. When Alinity got involved, Ninja brought up the controversial clip of the streamer throwing her cat over her head. Some of streaming’s biggest
Dr. Phil backed the Aspire News app, which claims to allow domestic violence victims to covertly seek help. He even featured it several times on his eponymous show. But the app just leaked its victims’ information — and Dr. Phil needs to take responsibility. Dr. Phil screwed up. Again. The Aspire News app, a covert
More U.S. states step back from reopening as virus cases surge. Going back into full lockdown would be too damaging for the economy. A national mask mandate could slash infections and save the U.S. economy from a 5% hit. All 50 states began to reopen after the pandemic pushed the United States into lockdowns in
The Nasdaq enjoyed a big gain on Tuesday, but the Dow Jones barely moved at all. Core DJIA component Boeing took a major hit as the outlook for aviation worsened again. One analyst warns that oil price weakness could hurt risk sentiment moving forward. The Dow Jones failed to keep its rally going on Tuesday,
Microsoft originally planned to launch the Xbox Series X in August 2020, according to a new report. As it stands, the next-gen console is slated for release during the 2020 holiday period. By shifting the release window, Microsoft squandered its best chance at securing a lead against the PS5. If a new report has any
“Buy Apple” is trending on Twitter this morning. But the company also dropped its component ordering by 50%. Investors are playing with fire right now. With shares up over 78% in the past year, Apple (NASDAQ:AAPL) looks like a safe-haven play in the stock market. And, sure, the company’s $1.5 trillion market cap means it’s
Tesla’s valuation is now within 5% of Toyota Motors, the gargantuan player in the space. The electric-car company will likely de-throne Toyota soon. However, one indicator suggests Tesla may take a breather first. Markets have a love-hate relationship with Tesla Motors (NASDAQ:TSLA). The electric car maker is either a market darling or out of favor.
YouTube influencers Tati Westbrook, Shane Dawson, Jeffree Star, and James Charles have been engulfed in controversy for the past two years. Tati just released a tearful video claiming she’s innocent. But, honestly, who cares? It’s 2020. The world is undergoing critical changes, why are we still wrapped up in these useless influencers? I hope the
Kanye West & Travis Scott just dropped a new single “Wash Us in the Blood.” The two rappers could someday be known for partnering with two female billionaires. Kanye’s song is in direct conflict with his support of Donald Trump, but he has yet to officially cut ties with the president. Kanye West is rediscovering
Kim Kardashian just sold a 20% stake in her beauty company to Coty. She’s rich, but contrary to what Kanye West says, she’s not a billionaire. Why does Kanye seem so desperate for Kim to join him on the billionaires list? You can tell Kylie Jenner and Kanye West to move over because there’s a new
Cardano (ADA) is upgrading from “Byron” over to “Shelley”. According to an announcement from the project: “We’ve been successfully running node v 1.14.2 on the Shelley public testnet for over a week now. And we can confirm that we’ll deploy the new node to the Cardano mainnet… today, 30th June as per the first date
EA’s Statement on Sexual Harassment Allegations Is Pointless & Empty Home Op-ed EA’s Statement on Sexual Harassment Allegations Is Pointless & Empty EA has finally responded to the sexual harassment allegations, promising to investigate them despite its bad history. Will Electronic Arts CEO Andrew Wilson prove again that he doesn’t care about sexual harassment allegations?
House prices rose by 4.7% annually in April, despite a steep plunge in home sales. The rise adds to recent data indicating a recovering U.S. housing market, and potentially a wider economic recovery. That said, rising home prices and recovering sales figures point to a depressing trend for many prospective buyers. Home prices rose by
Meghan Markle’s lavish spending of royal funds since marrying Prince Harry is under scrutiny. It was reported that Meghan’s spending habits were drawing the attention of the Queen. It’s easy to spend other people’s money, but you can’t buy status and class, unfortunately. The song may be ten years old, but when Countess Luann released