Sony claims they don’t expect the PS5 launch to be affected by coronavirus. Yet there’s reason to fear that next-gen console launches could be delayed. Either Sony is lying that there’s nothing to worry about, or they’re delusional. Sony appears remarkably confident that the coronavirus outbreak will have virtually zero impact on the PlayStation (PS5)…
Donald Trump and many Americans appear unaware that one of their states is about to become the hardest hit by coronavirus. Even as cases in New York surge, restrictions on movement are extremely relaxed. The blaze attitude toward coronavirus will likely have disastrous consequences. Coronavirus, it seems, is still a distant threat to some Americans.…
The Federal Reserve’s massive emergency rate cut caught Wall Street off guard on Tuesday. Jerome Powell confirmed how serious the economic impact of the coronavirus could be in the U.S. There is barely any stimulus left to help negate a stock market crash. While Donald Trump insists everything is fine in the United States, the…
Donald Trump and his top advisors have sought to downplay the threat of the coronavirus outbreak. But with the stock market plunging to three-month lows, one thing is clear. Investors are calling the president’s bluff. It’s about time. As U.S. health officials warned the American public to brace for the coronavirus pandemic to strike U.S.…
EA has always had a complicated relationship with the Nintendo Switch. Now the publisher claims it’s “pleased” that the console has been a success. This is one of the most two-faced things that EA has ever done. And that’s saying a lot. The Nintendo Switch faces a stiff challenge when the PlayStation 5 and Xbox…
The Fed could trigger the next U.S. housing market crash. UBS predicts three rate cuts this year. Further rate cuts could encourage unnecessary risk-taking. The U.S. housing market apparently enjoyed a terrific time in 2019 as home prices rose due to tight supply. But investors shouldn’t ignore the anomalies that are casting a dark shadow…
BlackRock CEO Larry Fink has indicated the $7 trillion asset manager intends to divest from fossil fuels to greener investments amid a “climate crisis.” Already a large holder of Tesla stock, this could see the world’s largest holder of fossil fuels invest more heavily in Elon Musk’s buoyant EV manufacturer. Currently trading over $530 per…
The UK’s tax authority has updated its tax policy for crypto assets. Expect huge administrative headaches as all crypto transactions need to be converted into £ and recorded. The authority reiterates that Bitcoin is not money. Her Majesty’s Revenue and Customs (HRMC) on Friday updated its tax policy related to cryptocurrency in the UK. Here’s…
The fruit of an inadvertent leak, it appears Epic Games’ flagship battle royale, Fortnite, is due for a desperately-needed facelift. Apple Leak Spills the Fortnite Beans Never before seen art appeared as the listing image for the Fortnite app on the Italian iteration of Apple’s App Store earlier today. It seems to showcase a brand…
Traders are re-evaluating the likelihood of a second Fed rate cut this week. | Source: ANDREW CABALLERO-REYNOLDS / AFP Will the Federal Reserve cut interest rates after its meeting on Wednesday? If you asked traders this question a few weeks ago, they would tell you with more than 95% certainty that another rate cut was…
