Featured Article

The $30 Trillion Megatrend To Watch As Markets Bounce Back

Posted by Paul Cantle

on Tuesday, 19 May 2020 10:22

The economy is reopening, stock markets are already bouncing back in a hedge on the future, and we’re about to see the biggest shift in capital in years.

It’s a big money shift away from tradition and towards a future in which retail investors–and major hedge funds–demand that their investments go into companies that are sustainable.

It’s not politics or ideology. It’s not right or left. It’s pure free-market sentiment dictating what happens after the lesson the market has learned before and during a global pandemic:

Welcome to the $30-trillon-plus mega trend of sustainable investing, otherwise known as ESG (environmental, social and governance) Investing.

And welcome to one of the new companies positioned to give big capital exactly what it’s looking for: Canada’s Facedrive (TSXV:FD,OTC:FDVRF), the competitor to Uber that’s working to turn ride-sharing into a sustainable, more carbon-neutral industry.

Even better, while Uber has been burning cash like crazy for a decade and still isn’t profitable, Facedrive has an entire ecosystem of revenue generation setups that treat ride-sharing as much more than a ride: It’s a high-tech business segment that has many ways to generate revenue while the wheels are rolling…CLICK for complete article

Walmart Reports Q1 Earnings Beat, E-Commerce Sales Increase By 74%

Posted by Tanzeel Akhtar, Benzinga.com

on Tuesday, 19 May 2020 6:48

Walmart Inc shares were trading higher premarket Tuesday after the retailer reported better-than-expected first-quarter EPS and sales results for fiscal year 2021.

Walmart posted adjusted earnings per share of $1.18, beating the analyst consensus estimate of $1.17. This is a 4.42% increase over earnings of…click for full article.

Your Cheque from Justin is in the Mail

Posted by Michael Campbell

on Saturday, 16 May 2020 11:16

How about a little socialism? Too late, we’re already there. And brings to mind Margaret Thatcher’s famous warning that sooner or later you run out of other people’s money.

COVID-19 Could Spark A Global Food Crisis

Posted by Michael Kern

on Friday, 15 May 2020 10:54

The next time someone asks whether you want fries with that, say ‘yes’–it could help stave off a global food crisis.

Belgian potato farmers are facing a surplus of 750,000 tons of potatoes this year that risk being destroyed. That’s prompted authorities there to beg citizens to double up on fries in order to help the industry.

Back in the United States, potato farmers plan to plant fewer spuds this year amid plummeting demand, with some estimates showing potato acres down about 10% while prices have jumped by more than one-third.

But it is not only potato growers that are having problems with the supply and demand, leading to food price increases. In the past few months, with restaurants closed and schools shut down, supply chains are struggling to adapt due to coronavirus restrictions, bottlenecks and general chaos.

Due to the shift of grocery-buying habits that has seen consumers lean more heavily on purchases of non-perishable, packaged goods, fruits and vegetables are being left to rot… CLICK for complete article

Week 8 of the Collapse of the U.S. Labor Market: Nearing a Previously Unthinkably Deep Bottom?

Posted by Wolf Richter

on Thursday, 14 May 2020 10:41

“Insured unemployment rate” in California spiked to 27.7%, “continued claims” hit 4.8 million. In terms of “initial claims,” Georgia & Florida move into 1st and 2nd, ahead of California.

State unemployment offices have processed 2.98 million “initial claims” for unemployment  insurance in the week ended May 9, according to the US Department of Labor this morning. This brings the total number of initial claims processed over the past 8 reporting weeks since mid-March to a gut-wrenching 36.84 million (seasonally adjusted). Today’s claims were over four times the magnitude of the prior spikes in the unemployment crises in 1982 and 2009.

While the weekly explosion of initial claims has slowed from prior weeks, the number of people still filing for unemployment insurance in the week ended May 9 was still at a catastrophic level: CLICK for complete article