Bankrupt Hertz Rings BlackRock’s Stock Market Warning- And It’s Only Beginning

BlackRock CEO Larry Fink warned against mass bankruptcies and a stock market downtrend in early May. Hertz, which was valued at $2.8 billion in February 2020, filed for Bankruptcy. Many of the 30.2 million small businesses are at risk of bankruptcies. When the U.S. stock market was rallying earlier this month, BlackRock CEO Larry Fink […]

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Who Will Survive the COVID-19 Crisis: Southwest or American Airlines?

The U.S. airline industry is losing money as the COVID-19 pandemic reduces travel demand by 95%. Huge debt and operating cost of American Airlines makes it more vulnerable to the pandemic. Southwest Airlines’ strong liquidity puts it in a better position than peers to fight COVID-19. The U.S. airline industry will never be the same […]

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Crypto Crime Blotter: Scammers Dupe Jersey Island Man Out of £1.2 million, Backpage Laundered Cash With Crypto

Another week, another bunch of crypto crimes. In what we hope will be a regular series of posts, we’ve rounded up the week’s biggest bits of crypto crime. First up? A Isle of Jersey victim who sent £1.2 million to scammers who pretended to offer him or her bitcoin. The scammers – who authorities claim came from […]

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YouTube Has a Vile Monkey Torture Community That Needs Nuking

For years YouTube has hosted a bizarre and vile monkey torture channel. Using the handle “killbabymonkeys,” the channel creates playlists of videos with injured, abused, or dying monkeys in them. The channel’s subscribers have left horrifying comments on the videos YouTube has irked many creators that think the platform is too heavy-handed with censorship. But […]

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Clueless Bureaucrats Blame Apple for Tesla Driver’s Stupidity

NTSB thinks Apple should shoulder some of the blame in a fatal Tesla Model X accident. The victim in the Silicon Valley freeway accident was playing a video game on a mobile device. It’s ludicrous to blame Apple for a distracted driver’s stupidity. Regulators make unintelligible decisions and incoherent statements all the time. But in […]

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Is Walmart’s Overvalued Stock an Omen for Recession?

Walmart’s fourth-quarter results were a disappointment. Both top and bottom line numbers fell short of analyst expectations. Despite the obvious business slowdown, Walmart’s stock remains near its all-time high. Walmart’s stock price is becoming increasingly divorced from business fundamentals. This may be evidence that the wider market rally is nearing its end. Walmart (NYSE:WMT) is […]

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Netflix Disrupted the Status Quo But It Now Needs an Old TV Idea

Netflix releases Q4 and full year financial results on January 21, the first set of results since Apple and Disney entered the video streaming fray. Growing competition requires a change of tact at Netflix. An ad-supported video streaming plan would come with risks but also opportunities that are hard to resist. The list of Netflix […]

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The Nathan Drake Collection Leads January PS Plus Games

PlayStation reveals free PlayStation Plus games for January 2020. They are Uncharted: The Nathan Drake Collection and Goat Simulator. Sony continues streak of excellent PS Plus titles. PlayStation seems intent on starting 2020 in style. Uncharted: The Nathan Drake Collection and Goat Simulator are January’s duo of PS Plus free games. Although we’ve yet to […]

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3 Reasons Why FedEx Will Never Win Amazon’s Business Back

Amazon has suggested FedEx’s services are below par. FedEx earlier in the year dubbed the company a rival. The courier firm expects to be “lapping Amazon” in the next fiscal year. When Amazon (NASDAQ: AMZN) blocked third-party merchants from using FedEx’s (NYSE: FDX) Ground and Home services to make deliveries to Prime customers, the implication […]

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Tesla Shorts Fire Back as Elon Musk Mistakenly Declares Victory

Musk replied to Twitter user @TeslaTested who claimed Jim Chanos covered his short position after having lost $175 million. Jim Chanos has since dispelled the rumors. Questions surrounding Tesla’s accounting practices remain unanswered. CEOs of large cap companies don’t usually spend their time attacking short sellers. They know if their business performs well, it will […]

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