Category: Crypto

Trump Lied About Saving Coal; He Won’t Rescue U.S. Oil Either
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Trump Lied About Saving Coal; He Won’t Rescue U.S. Oil Either

Oil prices have plunged as Saudi Arabia fights to claw back lost market share. As U.S. consumers rejoice, shale producers are fighting to stay alive amid the coronavirus-fueled demand shock. President Trump must strike a delicate balance between pleasing shale producers and keeping consumers happy. Throughout his 2016 presidential campaign, Donald Trump vowed to bring…

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Americans Are Stockpiling Guns Amid The Coronavirus Outbreak
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Americans Are Stockpiling Guns Amid The Coronavirus Outbreak

Gun sales in March were the second-highest ever after the Sandy Hook shooting in 2013. Americans stockpile guns to protect themselves, as they fear the coronavirus pandemic might cause civil disorder. Trump has ruled gun stores as essential businesses. Toilet paper, dollar bills, and booze are not the only things Americans are stockpiling because of…

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OK Sony, Cut the Jargon – We Deserve a Noob-Friendly PS5 Reveal
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OK Sony, Cut the Jargon – We Deserve a Noob-Friendly PS5 Reveal

Digital Foundry published new coverage of Mark Cerny’s PS5 deep dive. The coverage is heavily technical and includes no headline-grabbing revelations. The bottom line is that the console remains an enigma for the average would-be PS5 owner. In the wake of Sony’s PlayStation 5 reveal, Digital Foundry honed its tech analysis wizardry to parse Mark…

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Alyssa Milano Triggers ‘Toxic’ Bernie Bros in Paranoid Twitter Meltdown
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Alyssa Milano Triggers ‘Toxic’ Bernie Bros in Paranoid Twitter Meltdown

Alyssa Milano called for unity behind Joe Biden. But Bernie Sanders supporters bristled when she called them toxic. And they pointed out another even more glaring contradiction. Alyssa Milano drew the ire of Bernie Sanders supporters with a not-quite-so-unifying tweetstorm. The television actress and outspoken political activist had a message for the Bernie Bros. But…

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Oil Price Rally is Flimsy and Stinks of a Dead Cat Bounce
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Oil Price Rally is Flimsy and Stinks of a Dead Cat Bounce

Oil price gains are likely to be short lived as Donald Trump’s optimism regarding a deal has been dismissed by the Kremlin. Trump has limited options when it comes to helping the oil industry. A tariff on importing oil might be the only way to stabilize prices, but that probably isn’t in the cards. Oil…

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Unemployment Nightmare Lurches Economy into Depression-Era Scenario
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Unemployment Nightmare Lurches Economy into Depression-Era Scenario

U.S. jobless claims surged to 1,000% of financial crisis highs with 6.6 million new filings. The data suggest the coronavirus recession will be deeper and longer than predicted. The U.S. is on track to suffer depression-era conditions if job losses continue. U.S. jobless claims doubled this week, with 6.6 million people filing for unemployment benefits…

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