Goldman Sachs added Boeing to its conviction buy list. The airline manufacturer was already in trouble before the pandemic. Order cancellations and changing travel patterns suggest it’s way too early to buy. Goldman Sachs just added Raytheon and Boeing to its conviction buy list because they have a large number of defense contracts— typically a
The S&P 500 is facing both technical and fundamental weaknesses as it confirms the 3,393.50 level as a resistance area. Technical strategist Scott Redler suggests 3,200 and 3,104 are potential targets for the index in the near term. Analysts fear that investor confidence in the U.S. markets is declining as uncertainty around the pandemic intensifies.
Several high-profile figures were associated with Jeffrey Epstein in the Netflix documentary “Filthy Rich.” People like Prince Andrew have come under increased scrutiny. Why has Bill Clinton escaped relatively unscathed? Anyone with a pulse who’s watched the Jeffrey Epstein documentary “Filthy Rich,” is furious. There have been punchless rumors about the U.S. extraditing Prince Andrew.
A collection of companies in Kazakhstan has submitted an application to be legally recognized as the state’s Blockchain and Cryptocurrency Association. The group is hoping to get the cryptocurrency ball rolling in a country that hasn’t quite embraced the increasingly popular technology yet. Kazakhstani Companies Eager to Embrace Blockchain “There are no companies operating in
Blockchain technology could be used to improve the U.K. government’s efforts to provide citizens greater control over how their information is shared with public services, says the Reform think tank. A report by Reform, The Future of Public Service Identity: Blockchain [PDF], states that the government requires a new approach, adding that it should be:
Parity Technologies, having suffered a multi-signature wallet bug that froze hundreds of millions of dollars’ worth of Ether, noted ongoing issues with Ethereum in a recent blog suggesting a course of action to rescue the funds. From its very beginning, users of Ethereum have had to deal with a command line interface with little tolerance
The central banks of the United Arab Emirates (UAE) and Saudi Arabia are jointly working on a cryptocurrency to enable cross-border transactions between the two countries. Speaking on the sidelines of the Arab Monetary Fund (AMF) meeting, UAE Central Bank governor Mubarak Rashid Al-Mansouri revealed details of a joint project between the institution and the
In its advent to become a FinTech hub, the French government has given the nod for trading unlisted securities using blockchain technology under new rules. According to a Reuters report, the government of France – through its Economic and Finance department – has issued new rules enabling banks and FinTech firms to trade unlisted securities
While technology has improved access to health data, the data is often not leveraged to its full potential due to privacy concerns and concerns about data authenticity. Nokia has partnered with OP Financial Group, a Finland-based financial services group, to use blockchain technology to establish more trust in managing health data. According to a Nokia
Dow Jones futures rose by as much as 64 points Thursday night before paring gains. The Dow closed higher in New York, capping off its longest winning streak in five weeks. The Labor Department will release the May nonfarm payrolls report Friday at 8:30 a.m. ET. Eight million job losses are expected. Futures on the
U.S. home prices extended their nine-year winning streak in April, rising 5.4% over previous-year levels. That streak is about to come to an end. CoreLogic analysts predict this key metric of housing market strength will fall 1.3% over the next 12 months. With millions of people likely to remain unemployed for months to come, house
Sony will host its long-awaited PS5 showcase next Thursday, June 4. A sizable selection of first-party and third-party titles are reportedly on the bill. Horizon Zero Dawn 2 is likely to feature in Sony’s hour-long event. With a firm date penciled in the diary for Sony’s long-awaited PS5 event, attentions now turn to what games
Kate Middleton is trying to distance herself from that “Tatler” cover story. “Tatler” publisher Richard Dennen stands by the story. Kate and her camp knew exactly what was going to happen when the story ran. Kate Middleton is quickly copping pleas. After British high-society magazine “Tatler” released their cover story on the Duchess of Cambridge,
After gaining as much as 1.5%, the S&P 500 Index turned negative Wednesday morning. The technology-heavy Nasdaq Composite Index plunged 2.1%. FAANG stocks are down across the board. U.S. stocks turned negative Wednesday morning, weighed down by plunging technology shares and negative virus headlines. S&P 500, Nasdaq Decline; Dow Holds Gains The large-cap S&P 500
The Xbox Series X Pre-Order Page is live. But, there’s no news of a price. Why is Microsoft waiting so long? The pre-order page for the Xbox Series X has gone live. While you can’t fill out an order just yet, we’re hopefully a little closer to a price point reveal for Microsoft’s latest box.
#HumanCapitalStock was trending on Twitter today after Kevin Hassett’s comments. Twitter users were up in arms over the fact that politicians are valuing the economy over human life. They ignore the fact that American consumers have been doing it for years. White House adviser Kevin Hassett is in the news today for placing the economy
Stimulus checks could be powering the stock market rally. A considerable number of first-time traders are betting on the market right now. Analysts say that could be dangerous because these traders lack commitment. As the U.S. economy plunges into recession, the big question on Wall Street is how the stock market can be pulling off
Gisele Bundchen is commonly known as the wife of Tom Brady. Many people don’t realize that Gisele is even more successful than her husband. She is the main bread-winner for a family that wins a lot of bread. Supermodel Gisele Bundchen is known in the American media predominately as “Tom Brady’s wife.” Sure, the new
Bank of America sees corporate treasure that could roll into the stock market to restore the rally. Bond markets are smarter than stocks and say BofA is wrong. Corporations are issuing record bonds to pile cash for the coronacrisis. Bank of America says it is dangerous to ignore the stock market, but a longer tradition
Ellen DeGeneres is currently being dragged through the mud, but she isn’t alone. Another famous TV personality has made a fortune from being a fake: Dr. Phil. Ellen and Dr. Phil preach kindness, but their track records say something else entirely. Ellen DeGeneres might appear to be a saintly, philanthropic, LGBTQ+ pioneer, but that doesn’t