Late Friday night, a social platform best known for coordinated dance routines and funny videos turned somber. TikTok users across the US began livestreaming and posting videos in tribute to what they feared was the end of TikTok, the short-form video app they’ve come to love and depend on.
https://www.cnn.com/2020/08/01/tech/tiktok-ban-reactions/index.html
Hello Econ Jedi,
Consider taking a few minutes to review the video on adding (or starting) your personal wealth management. The most important step is to pay yourself first, where to invest is a much later discussion. If you could get into your favorite time machine, travel back four years and invest into all four of the FANG members you would go right! This trip won’t be as profitable if you don’t have funds to purchase the stocks.
https://www.cnbc.com/2020/07/31/this-is-an-easy-way-to-save-money-for-retirement.html
We will carry the torch from here. Thank you for your work to this point, for being the light, for showing the way, thank you.
Apple Inc. on Thursday delivered blowout quarterly results, reporting year-on-year revenue gains across every category and in every geography as consumers working and learning from home during the COVID-19 pandemic turned to its products and services. Read More
Apple delivers blowout earnings, strong iPhone revenue despite pandemic — Financial Post
Hello Jedi,
Today was not a pleasant session as the Dow is down 225 points. The decline is a result of the second-quarter GDP contracting 32.9%. Also the Labor Department reported another 1.4 million jobless claims for the week.
Big tech, again, showing that the FANG (Facebook, Amazon, Apple, Netflix, and Google) operate outside the Dow by showing gains for the day.
Short Take:
Ford is up thanks to VW
Kodak up 1,780% since Friday
Fed holds key rate for now.
The S&P 500 and Dow were lower on Thursday after data painted a worrying picture of the economy, while President Donald Trump floated the possibility of delaying the Nov. 3 U.S. presidential election, feeding market uncertainty. Read More
S&P dips on grim data; U.S. election uncertainty, earnings — Financial Post
Good Morning Java members, as Tesla soars to new heights the question is, how does the company with a market cap of $263 billion do it? Just as a point of reference the market cap is bigger than GM, Ford and FCA combined. For a company with a negative 144 million income TTM, the bears and short sellers have questions.
In pre-market activity Hasbro, Moderna, Albertson and Biogen led the big movers.
A story and lesson in corporate governance for the year, at least we hope is the last story like this.
Goldman Sachs Group Inc. GS -0.76% will pay $2.5 billion to the government of Malaysia for its role in the alleged theft of billions of dollars from a government investment fund, bringing the Wall Street bank close to ending one of the worst scandals in its history.
(Reuters) – A federal judge has dismissed a lawsuit accusing Burger King of deceiving vegan, vegetarian and other customers into thinking it cooked the plant-based patties for its “Impossible Whopper” on different grills than those used to cook beef and chicken.
https://finance.yahoo.com/news/burger-king-wins-dismissal-vegans-233722380.html
How rich is rich? If you wanted to stop and ask yourself what is rich? What is wealth? The answer may surprise you. The situation you are in will determine that constitutes rich, wealth or high income. Use this as a guide or outline to check where you stand or where you wish to be.
How much money do you need to be rich? According to respondents of a 2019 Modern Wealth Survey from Charles Schwab, once you have $2.3 million in personal net worth, you can call yourself wealthy. On the other hand, people responding to a 2019 survey from the market research website YouGov said you need to earn just $100,000 a year to be rich.
https://finance.yahoo.com/m/48a4a81a-ca33-38f5-97ab-d8295c7507ee/big-day-for-tesla-stock.html
the Java Exchange 