Nov 10, 2019 | Investments
Forget stocks, real estate, even cryptocurrencies — China’s hottest investment nowadays is Nike, Adidas, and Puma basketball shoes. Imitating a trend that harkens back to the Tulip mania in Europe in the 1600s, trading volumes on online “sneaker...
Oct 27, 2019 | Investments
Softbank, made famous by its huge $100 billion Vision fund and larger than life CEO – Masayoshi Son, is now beginning to look like any other VC with a rookie at the helm. Last week, Softbank, which made a wild bet on WeWork, a company that is burning thorough $2...
Oct 13, 2019 | Investments
Earnings season begins Oct. 15, with banks – J.P. Morgan Chase, Citigroup and Wells Fargo scheduled to announce their third-quarter results, with Bank of America following up the next day. Banks’ earnings are expected to be ok despite low interest rates. But,...
Sep 30, 2019 | Investments
With the President facing impeachment, investors are cringing, thinking of a repeat of 1974 when Nixon went down and took the markets with him. But history suggests otherwise. When Andrew Jackson was impeached, markets cared little. When Bill Clinton was impeached,...
Sep 23, 2019 | Investments
MoviePass, a company that started a too-good to be true service in 2017, of offering consumers a movie a day at theaters for $9.99 a month, has finally closed doors. They simply ran out of money subsidizing all those customers who took full advantage. Unfortunately,...
Sep 15, 2019 | Investments
The inverted yield curve, a key predictor for financial downturns, has appeared in recent months several times. Yet U.S. stock markets are still near their all-time high while U.S. retail sales appear upbeat. Paying attention to the yield curve inversion that has...
