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Disney Gets $20 Billion Handout From Investors Confused About Disney+

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…

2.7 Billion Workers Impacted By Coronavirus, But That’s Just the Tip of the Iceberg

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…

This $20 Billion Time Bomb Could Trigger Next U.S. Housing Market Crash

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…

The $1 Billion Reason to Never Play the Super Bowl on Sunday Again

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…

China’s $1 billion death trade

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’s $1 Billion Tesla Stock Payday Might Arrive Sooner Than Anyone Thought

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 CEO CZ Says 1.4 Billion People are Behind the Price of Bitcoin, but Who are They?

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…

$128 Billion in Cash: Is Warren Buffett Unconvinced of Stock Market Rally?

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…

China’s $3.6 Billion WTO Case Win Against the U.S. Is Nothing More Than a Sideshow

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…