Efforts to slow the spread of COVID-19 have led to a global economic downturn, but the gaming industry is booming. With hundreds of millions of people sequestered in their homes, game usage has spiked. And while the economic repercussions will persist after people cease physical distancing, gaming is positioned to fare well during a recession.…
In a press conference at the White House, President Trump today announced that 1,700 Google engineers were working on a coronavirus screening site. That site was supposedly the first step in a new screening process that would lead people from figuring out if their symptoms warranted more testing to the location of new “drive through”…
Dow Futures sold off overnight as a shaky stock market gave up a portion of its rally. Donald Trump was a no-show at the White House coronavirus briefing, disappointing stock market bulls hoping for a stimulus package. Joe Biden has all but secured the Democratic nomination with a big win in Michigan, and looks a…
Today after the bell, Zoom reported its Q4 earnings. The company’s recorded revenue of $188.3 million and its adjusted per-share profit of $0.15 were ahead of expectations, including $176.55 million in revenue and earnings per share of $0.07, according to Yahoo Finance averages. Down several points during a broad market rally, Zoom has been a…
Dow futures signal that investors are taking a break from the aggressive activity witnessed last week. Various players on Wall Street are warning of an impending stock correction. Stock market veterans argue that earnings far outstrips the appreciation in equities. Dow Jones Industrial Average (DJIA) futures gained marginally in Monday’s pre-market hours as jitters over…
An Associated Press (AP) column looking back on violence in 2019 notes that California has more gun control than any state yet witnessed the most “mass slayings” of any state. The AP notes that most most slayings “barely became national news, failing to resonate among the general public because they didn’t spill into public places.” They point…
Dow Jones Industrial Average (DJIA) futures climbed higher in early trading Wednesday pointing to a strong stock market open. But investors have seemingly turned a blind eye to the red warning light at General Electric this week. The company froze its pension plan for 20,000 US employees in a bid to reduce its epic $22…
When DoorDash announced changes in its tipping model last month, it was certainly a step in the right direction. Some workers, however, have said it’s not enough. In addition to wanting fair wages, they want back pay. In light of DoorDash’s announcement, labor group Working Washington said a key question remained: “Will they pay workers…
Since July 23, in just over a month, the Dow Jones has fallen by nearly six percent from 27,349 points to 25,777 points, leaving investors with lingering doubts about a potential recession. The Dow Jones has dropped by nearly six percent since late July. | Source: Yahoo FinanceLast month, Gita Gopinath, the chief economist at…
Despite doom and gloom and the dismal performance of the stock market this week, economist Mohamed El-Erian calls recession fears “silly.” | Source: REUTERS / Shannon StapletonBy CCN Markets: Investors are getting a bit of a reprieve today as the stock market recaptures some of yesterday’s massive losses in what was a brutal day on…
