Even the World’s Biggest Fund Lost Billions in Pandemic Year 2020

Norway’s pension fund, the largest sovereign wealth fund in the world, recorded losses in the first half of 2020. Bridgewater Associates, the second-biggest hedge fund in the U.S., also saw a decline in assets under management. Top funds struggled to deal with extreme volatility in the markets triggered by the pandemic. Year-to-date, the U.S. stock …

Amazon Has Thrived During Coronavirus. But the Pandemic Also Poses Grave Threats

The coronavirus pandemic presents both opportunities and threats to Amazon. Legislative scrutiny will only grow as Amazon’s dominance becomes more evident. An increasing number of its lowly paid workers have been dangerously exposed to the novel coronavirus. Amazon (NASDAQ:AMZN) has emerged as one of the leading beneficiaries of the coronavirus pandemic. Lockdown orders due to …

Billionaire Investors Aren’t the Only Ones Predicting a Stock Market Crash

Billionaire investors have warned that the stock market is overvalued. A majority of investors believe the next big market move will be down. A second wave of coronavirus cases and stock overvaluation could cause a market crash. A few days ago, billionaire investors warned that the U.S. stock market could crash as stocks are overvalued. …

Dow Futures Slump as Analysts Sound the Alarm on ‘Double-Dip’ Recession

Dow Jones futures fell by as much as 162 points Monday night. Analysts are warning of a “double-dip” recession if lockdown restrictions lead to a second wave of Covid-19 infections. Coronavirus has now infected more than 4.1 million people worldwide, according to official estimates. U.S. stock futures moved lower in overnight trading Monday, as investors …

Consumers Itching to Book Cruises & Theme Parks, Preliminary Data Show

As lockdowns ease around the country, U.S. consumer behavior remains a massive question mark. Consumers will determine the shape of the U.S. recovery. Preliminary data point to a strong return, but some evidence suggests people will be hesitant to return to normal right away. One of the biggest factors controlling whether the U.S. will see …

Elon Musk Looks Foolish as Tesla Cuts Salaries After Dumb Coronavirus Tweet

A month ago, Elon Musk tweeted that the panic over the novel coronavirus is dumb. Now, Tesla is implementing cost-cutting measures. Tesla’s shares have also nosedived since Musk’s infamous tweet. In March, Tesla chief executive Elon Musk downplayed the coronavirus threat and tweeted that the panic over the virus is “dumb.” A month later, the …

We Blew a $4.2 Trillion Debt Bubble – Then 10 Million of Us Lost Our Jobs

The latest Federal Reserve consumer credit report released on Tuesday. It shows record levels of outstanding credit in February: $4.2 trillion. With unemployment rocketing, another financial crisis is around the corner. Total outstanding U.S. consumer credit stood at nearly $4.2 trillion in February. According to the latest consumer credit report from the Federal Reserve, seasonally …

Is Legendary ‘Big Short’ Trader Right Again?

‘Big Short’ investor Michael Burry accurately predicted the 2020 bubble and collapse. He’s now demanding an end to coronavirus lockdowns. Burry says the restrictions are killing the economy and damaging society. Michael Burry, the legendary trader immortalized by Christian Bale in the movie The Big Short, shot to fame when he accurately predicted the 2008 …