Coronavirus Market News wall street 

3 Reasons Why the ‘Greed’ Rally Courts a H2 2020 Stock Market Disaster

The U.S. stock market is surging, but lack of spending and record-high optimism leaves it vulnerable to a correction. Swiss pharma giant Novartis CEO re-emphasized that a vaccine is not likely to be ready in 24 months. A stock market researcher warns there is no money in the equities market. The U.S. stock market is rallying off of positive developments in the testing of a new coronavirus vaccine. Despite rising optimism, dropping consumer spending, warnings from pharmaceutical CEOs, and record-high levels of greed leave stocks vulnerable to a major correction….

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Anthony Fauci Coronavirus Donald Trump Dow Jones Market News Op-ed 

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. Hedge fund manager Stanley Druckenmiller said that risk-reward for equity is the worst he has seen in his career. Markets appear too high with regard to uncertainty and likely bankruptcies looming on the horizon. Druckenmiller…

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china Coronavirus Donald Trump Op-ed Politics 

Donald Trump’s Chinese Stock Snub Could Reignite the Trade War

Trump is diverting billions away from the Chinese stock market. The president axed a plan to invest federal pension funds in Chinese stocks. Beijing is sure to bristle at the snub. Could another trade war be next? President Donald Trump and the U.S. Labor Department are diverting billions of dollars away from the Chinese stock market. On Monday, the White House ordered a board charged with managing federal pension funds to end plans to invest in Chinese stocks. The move could have massive geopolitical repercussions. Federal Retirement Thrift Investment Board…

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Business News Coronavirus facebook Op-ed Zoom 

Did Facebook Just Leave Zoom Stock Bulls Holding an Empty Bag?

Zoom stock slid Friday after Facebook jumped into video conferencing. An announcement by Mark Zuckerberg left Zoom plunging 6%. But here’s the value Zoom offers that Facebook can’t touch. Zoom stock (NASDAQ:ZM) had a wild ride this week. The freemium video conferencing platform’s shares jumped 11% Thursday. The company announced an increase of 100 million users since Apr 1. In other words, the coronavirus lockdown sent armies of teleworkers signing up to use Zoom. It’s been one of the most sought after virus stocks since February. Zoom stock is up…

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Business News Coronavirus Op-ed ruth's chris steak house Shake Shack 

Ruth’s Chris & Shake Shack Stimulus U-Turns Prove Bailout Boycotts Work

Ruth’s Chris Steak House returned its $20 million Paycheck Protection Program loan. Shake Shack had already returned millions in bailout funds. This proves public outrage over big business bailouts is producing results. Outrage over big businesses exploiting the Paycheck Protection Program (PPP) to secure taxpayer-funded bailouts is proving to be an effective deterrent. Ruth’s Chris is just the latest organization to succumb to the pressure of a grassroots “bailout boycott.” Marketed as a way to rescue small businesses devastated by coronavirus lockdowns, the program doled out loans to only 19%…

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Coronavirus Headlines 

3 Key Factors Pushing an Early Coronavirus Vaccine Breakthrough

Coronavirus vaccines can be produced before the projected 18 months, scientists say. In the U.K., Oxford researchers injecting the first vaccines in humans said a vaccine could come by September. The U.K., South Korea, China, the U.S., Switzerland, and Germany are prioritizing vaccine testing. The expectations for a coronavirus vaccine has waned in the past several weeks, following Dr. Anthony Fauci’s firm statement that it is unlikely to arrive in the next 12 to 18 months. But, three key factors indicate that there is a possibility vaccines can be produced…

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Business News Coronavirus Netflix Op-ed 

Netflix Stock Looks Bullish as Company Promises Pandemic Binge of New Shows

Netflix has assured investors that it can still release new shows well into 2021 despite the coronavirus pandemic. The news comes as the company announced adding 15.8 million new subscribers in Q1 2020. With at least partial restrictions set to continue for many months to come, Netflix will continue doing better than previously expected. Netflix (NASDAQ: NFLX) stock will rise even higher in the coming months. Having added 15.8 million new subscribers worldwide in Q1 2020, the company will likely add a similar number in Q2. Why? Well, for one,…

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Coronavirus Headlines Op-ed 

Economic Recovery Hinges on Coronavirus Antibody Tests: That’s a Big Problem

Coronavirus antibody tests offer a potential way to restart the economy without fully eradicating Covid-19. But questions about their accuracy and viability could throw a wrench in those plans. For now, the only plausible way to return to life as normal is a vaccine– and that’s still years away. The race to reopen the global economy is on. Policymakers around the world are looking for ways to restart business activity and avoid further damage without reigniting coronavirus outbreaks. With the prospect of a vaccine looking unlikely for at least 18…

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Coronavirus Elon Musk Market News Tesla 

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 electric vehicle company is scrambling to manage the impact of the pandemic. Your employees probably don’t share your view. | Source: Twitter Tesla is now forced to place many of its 50,000-strong labor force on…

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Coronavirus federal reserve Market News Op-ed 

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 adjusted consumer borrowing increased by 6.4% in February. As the economy flails through the worst financial crisis in living memory, consumer credit has become a massive liability to consumers and lenders alike. Consumer Credit Bubble…

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