2020 is a remarkable year for investors across the globe for a few reasons. First, despite the coronavirus and all the damage that the counter-Covid-19 measures have inflicted on the global economy, the U.S. market has fully erased its March losses and touched an all-time high, which left many macro-focused bears confused and disappointed. At
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“The numbers coming out of this deep pandemic contraction look pretty good,” Larry Kudlow, director of the White House National Economic Council, told more than 330 members of the National Conference of State Legislatures during a virtual presentation. The director of the White House National Economic Council said Wednesday the Trump administration is not opposed
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A few days ago a subscriber asked for my thoughts on inverse ETFs. Although these funds offer investors an easy way to profit from downturns, I believe them to be generally unwise investment choices, as expected returns are negative, and double-digit annual losses common. I thought it would be interesting to search for a stronger,
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Check out the companies making headlines premarket Wednesday: FedEx (FDX) — FedEx shares popped more than 9% in the premarket on the back of quarterly numbers that beat analysts’ expectations. The shipping giant reported earnings per share of $4.87 on revenue of $19.32 billion. Analysts expected a profit of $2.69 per share on revenue of $17.55
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Opendoor cofounder and chief technology officer Ian Wong. Opendoor The market reacted kindly yesterday to news that Opendoor, a technology startup that lets customers rapidly sell their homes, will go public through a merger with a blank-check company. Shares of its soon-to-be acquirer soared 35% during normal trading hours, before falling 7% early on Wednesday. 
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Sun Mountain Lumber Superintendent Nelson Bohrer walks past stacks of cut lumber at the saw mill September 12, 2019 in Deer Lodge, Montana. Chip Somodevilla | Getty Images With demand for housing surging, the nation’s homebuilders are positively ebullient. Builder confidence in the market for single-family homes in September increased 5 points to 83 on
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Chamath Palihapitiya Olivia Michael | CNBC Chamath Palihapitiya pioneered taking private unicorns public by reverse merging them into special purpose acquisition companies — an idea he’s called “IPO 2.0.”  After his first iteration of doing so last year with space-tourism company Virgin Galactic, he’s found his next target: Opendoor, an online marketplace for buying and
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The economy continues to show progress, as manufacturing and industrial production trend higher, economic data released on Tuesday suggests. Manufacturing expanded in September in the New York region, while industrial production achieved its fourth consecutive monthly gain. “We expect manufacturing production to continue to increase in the near term as businesses replenish inventories,” said Roiana
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The entrance from the elevators, designed to resemble a tunnel entering a stadium, is pictured at the new DraftKings office in Boston on March 25, 2019. David L. Ryan | The Boston Globe via Getty Images Shares of DraftKings rose sharply on Monday after the sports gaming company announced an agreement with sports entertainment giant
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Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Oct. 22, 2018. Bloomberg Check out the companies making headlines midday Monday: Immunomedics — Immunomedics stock more than doubled on news that Gilead Sciences would buy the cancer drugmaker for $21 billion. The transaction is expected
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Rendering of proposed eco-village in Harrisburg, Pennsylvania Murray Associates & The Bridge Former NFL athletes Garry Gilliam and Karlos Dansby have joined forces in a national effort to revitalize underserved neighborhoods by transforming abandoned properties such as schools, shopping centers and warehouses into sustainable mixed-use eco-villages with housing, retail, co-working, urban agriculture, education centers and
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Consumers’ view of the economy was less pessimistic in August, according to the Federal Reserve Bank of New York’s Survey of Consumer Expectations. Expectations for home price gains returned to pre-pandemic levels, according to the survey, and respondents don’t foresee delinquencies, but spending, income and labor projections still trail levels from before the coronavirus pandemic.
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Interior Design area of the Restoration Hardware store in the Meatpacking District of New York.  Source: RH How can you pinpoint compelling investing opportunities in the current environment? Stocks tumbled for the week in a tech-led selloff after reaching record highs. However, even after the pullback, the S&P 500 has still surged almost 15% on
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