Saturday Stock Talk

Stock Market

Opinion: No, It’s Not Crazy to See Stocks Rising With 26 Million Unemployed

The reasons why a stock market can rise with high unemployment are many—incentives in the industry, retirement-account purchases, behavioral biases—these factors play a part. But the one question being asked by the writer of this editorial is: “Who is buying this stock market?”

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Tech Stocks

Opinion: Intel Fails to Clear Cloudy Forecast on Its Future

Intel Corp. has been clear on their first quarter earnings—they hit a boom in server and PC chips that has carried on into the COVID-19 pandemic, as more consumers work at home. However, investors are still nervous about the rest of 2020, which is resulting in declining values across the chip sector. The first quarter demonstrated that Intel…

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Retail Industry

J.C. Penney Wants $1 Billion in Bankruptcy Funding, Report Shows

Legendary Retail Chain J.C. Penney is in advanced talks for bankruptcy funding, and is seeking a loan package of $800 million to $1 billion, the Wall Street Journal reported Thursday night. The hurting retailer is in talks with existing lenders including Wells Fargo & Co. Bank of America Corp. and JPMorgan Chase & Co. for a debtor-in-possession loan that would keep the company’s operations running during the bankruptcy process. A bankruptcy filing could come in…

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Entertainment Industry

WWE Continues to Make Money After Employ Furloughs

One company that is doing well in the current bear market is also attracting critics—World Wrestling Entertainment Inc. has continued to hold live events while furloughing employees during the coronavirus pandemic crisis. Investors rewarded the sports entertainment company Thursday after it reported booming earnings and revenue. The WWE continues to hold live television events, and CEO Vince McMahon said “we’ve adapted our business model in new ways…this is a challenging environment, and we need to think of doing things differently,” which could mean more movies, original programming on the WWE network, and…

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Tech Industry

Google Set to Cut Marketing Budget in Half While Considering Hiring Freeze

CNBC obtained some internal materials from Google that reveals their plans to reduce their marketing budget by as much as half for the second half of 2020. One email sent to marketing employees this past week notes hiring freezes for full-time employees and contract employees. This message from a global director sent to employees says it all: “There are budget cuts and hiring freezes happening across marketing and across Google. We, along with the rest of marketing, have been asked to cut our budget by about half.” Google shares dropped by nearly 2 percent after…

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Grocery Industry

This Disruptive Digital Grocery Service Set to Hire 250,000 Workers

Grocery shopping service Instacart reportedly plans to hire 250,000 new gig economy workers after they hired 300,000 already in the previous month as demand for home grocery deliveries has spiked during the coronavirus pandemic. The massive hiring spree was announced in a Medium post by the company. Instacart President Nilam Ganenthiran described the past few weeks at the company, stating:…

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Stock Market

Meet the Harvard Professor Who Became a Billionaire with a Single Stock

Meet Harvard medical school professor Timothy Springer who became a billionaire in two years thanks to one single stock investment. Moderna MRNA 0.00% went public in late 2018, exploding onto Wall Street as the biggest biotech IPO in history. Springer saw his stake in the company fatten his bottom line by a whopping $320 million by the end of the trading day. But that was only the beginning…less than two years later, the 72-year-old has rode a 17,000% return in his Moderna shares—which he paid about $5 million for in the company’s early stages—into a billionaire club. Springer made his first killing during the bubble to 1999, when he pocketed…

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Stock Market

Famous Investor Reveals “Next Big Thing” in Stock Market

Whitney Tilson is one of the most famous and successful investors in America. His rise up the ranks from a nobody to multi-millionaire is incredible—and he’s still going. Right now, he’s telling everyone willing to listen what the next big tech trend is, and investors now want to know all they can about this life-changing technology.

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