Noticias

Translating… Warren Buffett made a classic rookie investing blunder when he sold Berkshire’s airline holdings in April. He panic-sold the stocks, right before the industry bottomed out in May. The big four U.S. airlines have soared since then, posting gains of up to 100%. When Warren Buffett dumped all of Berkshire’s holdings in four U.S.…

Translating… Dow futures surged as much as 650 points on Friday morning after a blowout jobs report left Wall Street stunned. The U.S. economy added 2.5 million jobs in May. It’s just the latest evidence that the stock market rally is sustainable, but contrarian traders say there is something else to worry about. Forget “sell…

Translating… The last ADP report shows an employment drop of just 2.8 million in May, against 9 million expected. This encouraging reading will fuel further the stock market rally. Investors’ optimism might fade if the economic recovery isn’t as strong as expected. The stock market may have just found its rocket fuel. According to the…

Translating… The U.S. government will impose new restrictions on state-owned Chinese media outlets and plans to halt Chinese airlines’ access. The stock market remains unfazed by it, slightly retracing by 0.16% following a 2.05% gain on June 2. Equities are seemingly pricing in degrading U.S.-China relations. The U.S. government will impose new restrictions on Chinese…

Translating… The S&P 500 continues to climb despite a bleak economic backdrop. The Federal Reserve is the engine that powers asset inflation. Expect the S&P 500 to print a new all-time high soon. Amid record unemployment, widespread civil unrest, global pandemic, and a shrinking economy, the S&P 500 is 8% off of its all-time high.…

Translating… Epic Games’ Unreal Engine 5 tech demo offered the first look at the potential of the next generation of consoles. The company just revealed it rejigged elements of Unreal Engine 5 on the basis of the PS5’s ultra-fast SSD. The engine has the potential to allow developers to craft experiences unique to the PS5.…

Translating… “Love and Hip Hop” star Trina made some inexcusably bigoted remarks about racial discrimination. She subsequently got “canceled” for her trouble. But she’s not the only celebrity whose concern for black Americans is performative, at best. A “Love and Hip Hop” star has just been canceled. Rapper Trina — best known for her work…

Translating… Wells Fargo is stepping away from independent car dealers to distance itself from risky loans. The subprime auto loan market is looking increasingly dangerous. Without a speedy post-pandemic recovery, subprime auto loans are in danger of toppling the economy. This week, Wells Fargo confirmed that auto loans could be the catalyst that sends the…

Translating… I know that Meghan Markle’s fanbase had high hopes for her once she broke free of the evil royal family. It hasn’t quite worked out for poor Malibu Meg. Angelina Jolie hasn’t come knocking yet. She’s been offered a spot on Dancing With the Stars, though! That’s something, right? When Meghan Markle finally hit…

Translating… For better or for worse, the console wars are back ahead of the launch of PS5 and Xbox Series X. Some PlayStation, Xbox, and PC fans take any opportunity to defend their platform of choice. A PC fan questioned the merits of Epic CEO Tim Sweeney’s praise for the PS5 SSD on Twitter and…