NEW YORK — Oil prices rose on Friday after an unexpected fall in the May U.S. jobless rate and OPEC’s decision to bring forward to Saturday discussions on whether to extend record production cuts. Read More
Oil climbs 5% on U.S. jobless drop, OPEC+ meeting hopes — Financial Post
Category: Uncategorized
the Exchange: The Market is Bull Running
To investors, it makes sense. Stocks have surged more than 40% since late March because the worst damage from the coronavirus recession is in the past and the cavalry has arrived. The Federal Reserve is now propping up risky assets, Congress is flooding the economy with money and some of the millions of lost jobs seem to be returning.
https://www.yahoo.com/finance/news/the-stock-market-is-off-the-rails-184607575.html
InvestEco Announces $100M Final Close of the InvestEco Sustainable Food Fund III — Financial Post
Read More
InvestEco Announces $100M Final Close of the InvestEco Sustainable Food Fund III — Financial Post
Investor News – Fund Closure
Detroit was on verge of reversing generations of structural racism and poverty. And then the pandemic hit — Financial Post
Its burnt out buildings were once a bigger tourist attraction than its art museum, and in 2013 Detroit went bankrupt. Yet by last year it had been transformed, with a revived downtown filled with jobs and pricey condominiums — one of several fading industrial cities across the U.S. rust-belt that had managed to breathe new…
Detroit was on verge of reversing generations of structural racism and poverty. And then the pandemic hit — Financial Post
Pompeo says U.S. considering welcoming Hong Kong people, entrepreneurs — Financial Post
WASHINGTON — The United States is considering the option of welcoming people from Hong Kong in response to China’s push to impose national security legislation in the former British colony, U.S. Secretary of State Mike Pompeo said in remarks released on Monday. Read More
Pompeo says U.S. considering welcoming Hong Kong people, entrepreneurs — Financial Post
Investment 101
What Are FANG Stocks, And Should You Invest In Them?
The term FANG has been credited to CNBC’s “Mad Money” host Jim Cramer in 2013. Similar to the “PIIGS” which is an acronym for Portugal, Italy, Ireland, Greece and Spain, the FANG is short-hand for four of the most popular and used stocks in the market. If you are trying to decide where to begin building wealth consider FANG as a possible starting point.
Facebook (FB) dominates in online social networking and social media. Amazon.com (AMZN) rules the markets for e-commerce and cloud-computing infrastructure. Netflix (NFLX) has taken a huge lead in subscription video on demand. And Alphabet‘s (GOOGL) Google is the king of internet search.
https://www.investopedia.com/terms/f/fang-stocks-fb-amzn.asp
GDP Forecast
https://www.kiplinger.com/article/business/T019-C000-S010-gdp-growth-rate-and-forecast.html
Investment Ideas
Misallocation of Education Resources
A recent study headed by ParentsTogether (an advocacy group) pointed out what the poor have always known, wealth matters. The COVID-19 virus has shined a light on the resource gap in America. The move to home schooling caused by the virus shows the lack of resources in the nations poorest areas.
Four out of 10 of the poorest U.S. students are accessing remote learning as little as once a week or less, according to a new survey from ParentsTogether, an advocacy group. By contrast, for families making more than $100,000 a year, 83% of kids are doing distance learning every day, with the majority engaged over two hours a day, the survey found.
the Java Exchange 