Market Moving News


When Hilda Bastian and I first caught up over Skype to talk about Covid-19 vaccines last autumn, she showed me the boxes and unfinished rooms in her new home in Victoria, Australia. She’d been so busy tracking the global vaccine effort, she hadn’t had time to settle in.
Bastian — an expert in …

Parliamentarian is set to weigh in on which components of Covid-aid package can be advanced with just 51 votes
WASHINGTON—A decision on whether raising the minimum wage as part of President Biden’s $1.9 trillion relief package is acceptable under the Senate’s rules is expected as soon as Wednesday, …

The Food and Drug Administration’s staff endorsed Johnson & Johnson’s Covid-19 vaccine for emergency use, a critical step in bringing a third shot to …

Trump appointee Louis DeJoy is still dismantling the United States Postal Service, and he’ll be there because President Biden can’t directly oust …

SAN FRANCISCO (AP) — Fry’s Electronics, the go-to chain for tech tinkerers looking for an obscure part, is closing for good.
The company, perhaps even more well known for outlandish themes at some of its stores, from Aztec to “Alice’s Adventures in Wonderland,” said Wednesday in an online posting …

The search for extraterrestrial life may not take us very far from home. Astronomers from the University of Copenhagen recently published an incredible study demonstrating there’s a high likelihood the Milky Way is absolutely flooded with potentially life-bearing planets.
Published in Science …

The gaggle of Google employees peered at their computer screens in bewilderment. They had spent many months honing an algorithm designed to steer an unmanned hot air balloon all the way from Puerto Rico to Peru. But something was wrong. The balloon, controlled by its machine mind, kept veering off …

Square said Tuesday that it sold $1.76 billion in bitcoin during the fourth quarter of 2020, with $4.57 billion sold for the entirety of last …

Forget betting for cash at a casino — used car shopping site Carvana has a giant vending machine in Las Vegas that accepts tokens for a car.
The 11-story structure is Carvana’s 28th car vending machine in the U.S., but a first for Nevada. The Las Vegas machine lights up and fits into the skyline …

news-ec17c197-c1d3-363f-312d5b7a83e4.jpg

Apple has acquired about 100 companies over the last six years, the company’s chief executive Tim Cook has revealed.
That works out at a company every three to four weeks, he told Apple’s annual meeting of shareholders on Tuesday.
Apple recently delivered its largest quarter by revenue of all time, …


 
 
 

Phil's Favorites

Animal Spirits: The Beanie Baby Bubble

 

Animal Spirits: The Beanie Baby Bubble

Courtesy of 

We spoke to David Lau a few weeks ago about how they work with advisors. Check out the whole show here.

On today’s show we discuss:

more from Ilene

Zero Hedge

Iran Says S.Korea To Release $1BN Of Its Frozen Funds After Tanker Seizure

Courtesy of ZeroHedge View original post here.

Iran and South Korea have been engaged for the past two months in intense crisis meetings triggered by the Jan.4 Iranian seizure of the South Korean-flagged tanker MT Hankuk Chemi off the Islamic Republic's southern waters. From the start of the IRGC's capturing the vessel and detaining its crew, Tehran pointed to $7 billion to $10 billion in Iranian assets in Korean banks previousl...



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ValueWalk

Workhorse Blows Up; Buffett And Berkshire Get Busy

By Jacob Wolinsky. Originally published at ValueWalk.

Whitney Tilson’s email to investors discussing Workhorse Group Inc (NASDAQ:WKHS) blows up; Buffett and Berkshire get busy; the king of SPACs wants you to know he’s the next Warren Buffett.

Q4 2020 hedge fund letters, conferences and more

Workhorse Blows Up

1) Another day, another blowup of one of the stocks I've warned my readers about...

On Monday, it was software supplier Ebix (EBIX). Yesterday, it was electric-vehicle developer Workhorse (WKHS), which tumbled 47% and was down ...



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Kimble Charting Solutions

Is Rising Inflation About To Hit U.S. Economy In Big Way?

Courtesy of Chris Kimble

Inflation seems to be a thing of the past… but current trading in bond and commodity markets tell us that it could become a thing of the future!

Inflation hasn’t been an issue, or even on our radar, since the 1980s. Sure, the 2007 surge in oil prices offered some concern but the financial crisis killed any thoughts of inflation.

So what’s got us concerned about inflation in 2021?

Today we take a look at long-term charts of two potential inflation indicators: Crude Oil ...



more from Kimble C.S.

Digital Currencies

What Is Top Shot?

 

What Is Top Shot?

Courtesy of 

What I’m about to write is going to sound incredibly stupid. Some of it also might not be factually accurate, as I’m still very much a NoobWhale.  If you want to learn more, I suggest you start herehere, or ...



more from Bitcoin

Biotech/COVID-19

6 important truths about COVID-19 vaccines

 

6 important truths about COVID-19 vaccines

For many, distinguishing between fact and fiction is difficult. Olemedia/E+ via Getty Images

Courtesy of Sarah Lynch, Binghamton University, State University of New York and Kanneboyina Nagaraju, Binghamton University, State University of New York

One of the biggest barriers s...



more from Biotech/COVID-19

Chart School

RTT browsing latest..

Courtesy of Read the Ticker

Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.



Date Found: Saturday, 29 August 2020, 05:46:16 PM

Click for popup. Clear your browser cache if image is not showing.


Comment: Low liquidity means price can MOVE fast either way!



Date Found: Saturday, 29 August 2020, 05:52:11 PM

Click for popup. Clear your browser cache if image is not showing.


Comment: if you have 100% of life savings in stocks alone, please adjust for a crash...



more from Chart School

Politics

Why the British abandoned impeachment - and what the US Congress might do next

 

Why the British abandoned impeachment – and what the US Congress might do next

The impeachment trial of Warren Hastings in 1788. Library of Congress

Courtesy of Eliga Gould, University of New Hampshire

Impeachment was developed in medieval England as a way to discipline the king’s ministers and other high officials. The framers of the U.S. Constitution took that idea and applied it to presidents, judges and other federal leaders.

Now that tool is in use, and in question, during ...



more from Politics

Mapping The Market

The Countries With The Most COVID-19 Cases

 

The Countries With The Most COVID-19 Cases

By Martin Armstrong, Statista, Jan 12, 2021

This regularly updated infographic keeps track of the countries with the most confirmed Covid-19 cases. The United States is still at the top of the list, with a total now exceeding the 22 million mark, according to Johns Hopkins University figures. The total global figure is now over 85 million, while there have been more than 1.9 million deaths.

You will find more infographics at ...



more from M.T.M.

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

Promotions

Free, Live Webinar on Stocks, Options and Trading Strategies

TODAY's LIVE webinar on stocks, options and trading strategy is open to all!

Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

This week, we also have a special presentation from Mike Anton of TradeExchange.com. It's a new service that we're excited to be a part of! 

Mike will show off the TradeExchange's new platform which you can try for free.  

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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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About Ilene:

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