Bears Thwarted Again by Stock Market That Believes in RecoveryOne day, maybe, it will end up being true that it was a bad idea to plow money into retailers and cruise lines whose existence was under threat by the coronavirus. Right now, that case is in deep trouble, as the market rallies with each new sign of economic recovery.
Here's how far corporate profits could plummet in 2020Last year earnings for the Fortune 500 hit a new all-time high, but that was before the pandemic. Now Wall Street is predicting a deep drop in profits for virtually every sector of the economy. Here’s how long it could take for a full recovery.
Airplanes and Accounting Games: The Coming Boeing Collapse?Hi, Welcome to BIG, a newsletter about the politics of monopoly. If you’d like to sign up, you can do so here. Or just read on… Today I’m going to write about the way Boeing does accounting, and how the corporation has been hiding its costs. But first, newsletter housekeeping. This will be the last BIG issue of 2019. If you haven’t gotten ahold of my book Goliath:1
Fox News Apologizes For ‘Insensitivity’ of On-Screen Chart Showing Stock Gains After KillingsFox News Channel on Saturday apologized after the display of an on-screen chart showing stock-market gains in the wake of infamous killings of Black men generated sharp criticism, acknowledging tha…
Survey of Historical Stock AdviceIf you open a standard personal finance book and read the section on investing in the stock market they'll probably say "Don't try to time the market or pick individual stocks" and therefore "Invest in index funds". The current advice is that as an individual investing in your spare time any news you hear about a company or trend you notice in a price will already have been taken into account by f1