Investors added more than $20 billion to Disney’s market cap on news that its streaming service surpassed 50 million subscribers. That’s not nearly enough to offset the revenue losses its parks segment will suffer as a result of coronavirus. It’s unclear whether the bulk of those subscribers will quit once lockdowns have lifted. This week…
A new study from the International Labor Organization reveals the staggering rate of global unemployment. Over 2.7 billion workers are currently unable to work due to the coronavirus crisis. Projected workforce losses are expected to far exceed the 2008-09 financial crisis. According to a new study from the UN’s International Labor Organization (ILO), 2.7 billion…
UBS is trying to save its real-estate fund from huge redemptions. UBS’ troubles indicate that something greater is amiss with the U.S. housing market. Store closures and loss of employment could trigger the next crisis. The U.S. housing market is enjoying terrific price appreciation thanks to a lack of homes available for sale, but that…
More than 17 million Americans will skip work on the Monday following the Super Bowl. This rampant absenteeism will cost U.S. businesses approximately $1 billion. And it will only get worse. It’s time to move the Super Bowl to Saturday – or at least the Sunday before Presidents Day. Debates over whether the Monday following…
A new witness report confirms the “slaughter on-demand” of China’s Muslim prisoners for rich Saudi customers. This is part of the country’s $1 billion death trade in forced organ transplants, described as “extreme wickedness.” Xinjiang has become a hellhole for its Uighur minority. The extractions were conducted on live victims—the organs had been ordered and paid…
Elon Musk secured a generous – and ambitious – stock-based compensation plan in 2018. The Tesla CEO has already achieved the operational targets, and now only the market cap milestone remains. Tesla’s prospects are bright heading into 2020, and Musk could earn the first tranche way ahead of schedule. Elon Musk’s compensation plan ignited immense…
Binance’s CEO, Changpeng Zhao (CZ) believes bitcoin will hit $16,000 very “soon-ish.” A 4chan anonymous user who accurately predicted bitcoin’s trajectory earlier this year turned out to be wrong in October. CZ claims 1.4 billion people are behind bitcoin. Changpeng Zhao (CZ), the CEO of Binance, recently stated that 1.4 billion people are working on…
Berkshire Hathaway is holding $128.2 billion in cash, according to its quarterly report. With no big deal in four years, Warren Buffett seems to be unfazed by the stock market rally. Buffett, who has evolved the $528 billion conglomerate into the world’s biggest financial company by revenue, is known to be patient in spotting large…
The World Trade Organization’s recent ruling in favor of China against the United States will barely make a ripple in the trade-war debate. | Image: REUTERS/Denis Balibouse/File Photo The World Trade Organization (WTO) allowed China to collect $3.6 billion in tariffs against the United States. The trade war has become so big that the retaliatory…
Bill Gates has tacked on an additional $16 billion to his net worth in 2019, bringing the billionaire’s wealth total to $106 billion — and he’s still bullish on both the stock market and US economy. However, his bullishness is also tempered by a bit of realism as we move into the next decade and…
