Shots Fired
02/26/2021 9:16 AMA Robinhood spokesman fired back at Berkshire Hathaway Vice Chairman Charlie Munger’s criticisms of the free trading app. Munger had said Robinhood was having a “regrettable” impact on investors who have a “mindset of racetrack bettors.” Robinhood criticized the...
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Airbnb and DoorDash went public at the same time but see very different paths post-pandemic
02/26/2021 9:10 AM(CNN Business)Airbnb and DoorDash went public the same week in early December and were both met with strong demand from investors. But in their first earnings reports as publicly traded companies on Thursday, the two sharing economy businesses signaled very...
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You Think Rising Rates Don’t Matter?
02/26/2021 8:24 AMThink again. That interest on the $100 billion stimulus package they talked about in November would now cost $873 million more in interest per...
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Berkshire Hathaway Vice Chairman warns of market ‘frenzy’; frowns on gambling mentality, bitcoin, SPACs
02/25/2021 8:30 AM(Reuters) - Charlie Munger, the longtime business partner of Warren Buffett, on Wednesday warned that the stock market bears signs of a bubble, reflecting a “dangerous” mentality among some investors to gamble on stocks as they would horse races. Munger, 97,...
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The fundamental numbers still don’t make sense
02/25/2021 7:49 AMGameStop’s Roller Coaster Ride Resumes GameStop GME +35.7% had another huge move up on Wednesday after the company announced the CFO was resigning the company. Normally a stock declines when a CFO suddenly departs but GME increased over 100% yesterday, moving from...
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Interest Rates Have Been Rising…Significantly
02/25/2021 7:01 AMRecord low borrowing rates have impacted housing, stock prices and deficit financing. Government borrowing costs a lot more today than borrowing just a few months...
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Schacter’s Eye on Energy – Feb. 24th
02/24/2021 1:05 PMThe Arctic Polar Vortex brought near century lows in temperatures last week to most of North America with frigid temperatures that knocked out electricity grids. Texas was the hardest hit with water, heat, refineries and power out due to the freezing temperatures. It...
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$100 Oil?
02/24/2021 7:46 AMOil prices could go as high as $100 a barrel next year on the back of “very easy monetary policy” and reflation trade, Amrita Sen, chief oil analyst at Energy Aspects, told Bloomberg in an interview. “It’s a futures market, we always discount stuff that’s going to...
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Hong Kong Market Tumbles After “Shock” Transaction Tax Hike To Pay For Government Handouts
02/24/2021 7:38 AMIs Hong Kong a harbinger of what is coming to the US? With speculation growing in the US that in the aftermath of the Robinhood scandal, the Biden administration may pass a transaction, or "Tobin Tax" demanded by progressive democrats (according to a 2018 CBO...
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A Long Road Ahead to End Bullying
02/24/2021 7:08 AMThe cancel culture, doxxing, violent protests are all reminders that the work to end bullying and the disrespect for others that is at the heart of it has a long way to...
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