So, during the March Madness blood bath, where did all the big money go? Well, it is not surprising that hedge funds and money managers poured their capital into Netflix, Peloton, Zoom, and Amazon. They also invested in a myriad of quarantine stocks. Bloomberg put together a comprehensive list of what the most popular hedge […]
Archives for May 2020
U.S. stock market pops on vaccine hopes, unlimited Federal Reserve intervention
The U.S. stock market is in for its best day in a month. On Sunday, Federal Reserve Chair Jerome Powell declared that a full economic recovery would only happen with a vaccine. A day later, Moderna reported positive data and promising results of an early-stage coronavirus vaccine trial. The market reacted favorably, dismissing the World […]
FEDERALIST: Why is America dumping milk and euthanizing livestock?
By: Christopher Bedford America’s food system is cracking. People are still eating, farmers are still farming, and grocery stores are still open, but in areas around the country, shoppers looking for meat, milk, and other products find empty shelves and limits on what they can purchase — all while farmers from coast to coast are forced to dump […]
STUDY: Credit card spending cratered 40% in March, April amid lockdown
American consumers put their credit cards on ice over the last couple of months. According to a new report by the JP Morgan Chase Institute, credit card spending cratered 40 percent in March and April compared to last year as more consumers stayed home and looked at their stamp collections. And this was seen across […]
Trump proposes taxing companies that manufacture goods outside U.S.
Ugh. President Donald Trump is considering slapping taxes on American businesses that produce goods outside the United States. In an interview with the Fox Business Network, the president said the proposal would help his administration push supply chains away from China and erect new trade barriers. But he doesn’t think the taxation is a penalty. […]