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Zero Hedge

Elon Musk's Starlink Satellite Internet Hits 400,000 Users 

Courtesy of ZeroHedge View original post here.

SpaceX's Starlink has exponentially grown its subscriber base worldwide this year. The network of thousands of satellites in low Earth orbit, providing high-speed internet anywhere globally, has seen a 275% increase in subs since January. 

CNBC noted that the Elon Musk-owned company presented the new figures to the Federal Communications Commission in a presentation on May 19. Starlink had 1...



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Phil's Favorites

Shanghai: world's biggest port is returning to normal, but supply chains will get worse before they get better

 

Image by Leslin_Liu from Pixabay

Shanghai: world’s biggest port is returning to normal, but supply chains will get worse before they get better

Courtesy of Sarah Schiffling, Liverpool John Moores University and Niko...



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Biotech/COVID-19

Dangerous counterfeit drugs are putting millions of US consumers at risk, according to a new study

 

Dangerous counterfeit drugs are putting millions of US consumers at risk, according to a new study

Many counterfeit pharmaceutical drugs are sold online, and the bulk of them are being obtained without a prescription. Peter Dazeley/The Image Bank via Getty Images

Courtesy of C. Michael White, University of Connecticut

The Research Brief is a short take about interesting academic work.

The big idea

The Food and Drug Adminis...



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ValueWalk

The Wind of Change - The SEC Issues Its Long-Expected Disclosure Rule

By Anna Peel. Originally published at ValueWalk.

“The future’s in the air; can feel it everywhere; blowing in the wind of change.” – Scorpions[1]

The title and opening quote are not meant for either histrionic or empty platitudes, but to convey a slow-but-steady process that has been transpiring in the U.S. As addressed in our recent piece, A (Surprising) Convenient Truth – ESG Considerations Find a Foothold in the U.S.

What’s in the Rule?

“It is what it is. But, it will be what you make it.” – Pat Summitt...



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Kimble Charting Solutions

Stock Market Bulls Hope Leader Of All Leaders Can Hold Support!

Courtesy of Chris Kimble

For much of the decade plus bull market, tech stocks lead the way.

And within that arena, the semiconductors were leaders.

And within any market trend (sector, index, broad market), it pays to keep an eye on leadership. Right now, tech stocks are leading the bear market lower. So we are watching that arena for a change in character.

And as today’s chart 2-pack shows, the semiconductors are at a critical juncture… testing support on the monthly and weekly time frames. To put it mildly, bulls need the semiconductors to turn things around.

As we...



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Politics

The big exodus of Ukrainian refugees isn't an accident - it's part of Putin's plan to destabilize Europe

 

The big exodus of Ukrainian refugees isn’t an accident – it’s part of Putin’s plan to destabilize Europe

Ukrainians fleeing the war walk toward a train in Krakow to bring them to Berlin on March 15, 2022. Omar Marques/Getty Images

Courtesy of Mark A. Grey, University of Northern Iowa

More than 6.3 million Ukrainians have fled their country since Russia first invaded in late February 2022.

The European Union h...



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Chart School

Powell has a debt problem

Courtesy of Read the Ticker

The last time the US entertained debt this high (relative to GDP) was post World War 2.


The prior US high debt years were between 1936 and 1954, back then the public understood why the high debt existed (WW2) and why the public had to suffer high inflation to allow deflation of the debt to a manageable level. This question was not as political as it is today.   


Current US debt levels are the result of 'end of empire' spending, simply spending on steroids beyond one means. The FED needs inflation for the same reason as the post WW2 period to deflate away the debt.


The current political talk of 'fight inflation' will be short lived and the FED will be forced to accept higher inflation levels over the 2% (say b...

more from Chart School

Digital Currencies

Stablecoin volatility shows an urgent need for regulation to protect consumers

 

Stablecoin volatility shows an urgent need for regulation to protect consumers

Shutterstock/David Sandron

Courtesy of Matthew Shillito, University of Liverpool

Some cryptocurrencies have always been fairly volatile, with values soaring or plunging within a short space of time. So for the more cautious investor, “stablecoins” were considered the sensible place to go. As the name implies, they are designed to be a steadier and safer bet.

At the moment though, that stability is proving hard to find. The value of o...



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Promotions

Phil's Interview on Options Trading with TD Bank

TD Bank's host Bryan Rogers interviewed Phil on June 10 as part of TD's Options Education Month. If you missed the program, be sure to watch the video below. It should be required viewing for anyone trading or thinking about trading using options. 

Watch here:

TD's webinar with Phil (link) or right here at PSW

Screenshots of TD's slides illustrating Phil's examples:

 

 

&n...



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Mapping The Market

Suez Canal: Critical Waterway Comes to a Halt

 

Suez Canal: Critical Waterway Comes to a Halt

Courtesy of Marcus Lu, Visual Capitalist

The Suez Canal: A Critical Waterway Comes to a Halt

On March 23, 2021, a massive ship named Ever Given became lodged in the Suez Canal, completely blocking traffic in both directions. According to the Suez Canal Authority, the 1,312 foot long (400 m) container ship ran aground during a sandstorm that caused low visibility, impacting the ship’s navigation. The vessel is owned by Taiwanese shipping firm, Evergreen Marine.

With over 2...



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The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...



more from Tech. Traders

Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

http://www.insidercow.com/ more from Insider





About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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Ilene is editor and affiliate program coordinator for PSW. Contact Ilene to learn about our affiliate and content sharing programs.