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Large- and small-cap crypto assets posted strong gains last week amid broadly bullish action heading into Bitcoin’s halving, set for this coming Monday, May 11. It’s ironic: Bitcoin is preparing...
One of my friends — one of my richest friends — built himself a mini-empire of auto dealerships. And like many businessmen, he was forced to close his showrooms in the wake of the lockdowns. His...
Shares of video game stocks are back to new highs even as the broader market sinks. Investors have fallen back in love with the long-term investment story. On Tuesday, Activision Blizzard (ATVI)...
We’re just beginning to unwind one of the biggest, broadest financial bubbles in the history of the world. The system was already so pumped up by debt-fueled speculation and easy money, it was...
This shelter at home stuff is getting old. Just like you, I’ve been cooped up in my home and I am getting pretty antsy. Thank goodness for online shopping. I’ve been able to order groceries,...
Microsoft reported earnings after the close Wednesday. They were spectacular, yet again. The surprise, for anyone who wasn’t paying attention, was how little the business is being impacted by the...
Thanks to coronavirus lockdowns, the U.S. economy is contracting faster than at any time since the Great Depression of the 1930s. Trying to soften the blow, the Federal Reserve has just printed...
We know the world is in the midst of a historic pandemic. It’s been just four months since the disease was discovered in China, but it has spread rapidly. Just a month ago, there were 1 million...
The curve is flattening. The shutdown phase of the COVID-19 pandemic is almost over. The next step, testing, is being queued up. On Friday, President Trump signed a $484 billion extension to the...
The U.S. Congressional Budget Office (CBO) is one of the few institutions in Washington that’s still nonpartisan. Its forecasts are objective and impartial. But right now, they’re also...