The Epic Stock Market Crash of 2020 Is Officially Here
The stock market crash of 2020 has begun. The U.S.-Iran tensions will lead to a sustained drop in major indices. Weak corporate earnings this month will ensure that the crash continues. It wasn’t long ago that my colleague Laura Hoy warned that an epic stock market crash could be coming in 2020 based on Wall…
Marie Yovanovitch’s Trump impeachment hearing testimony: key takeaways – Business Insider
Former U.S. Ambassador to Ukraine Marie Yovanovitch testifies before the House Intelligence Committee on Capitol Hill in Washington, Friday, Nov. 15, 2019, during the second public impeachment hearing of President Donald Trump's efforts to tie U.S. aid for Ukraine to investigations of his political opponents. (AP Photo/Andrew Harnik)Associated Press Ousted US ambassador Marie Yovanovitch was…
Don’t Let Exxon Mobil’s 10% Dividend Tempt You; It’s a Value Trap!
Mobil’s dividend yield recently hit double-digit levels. The supermajor’s dividend payments are currently debt-financed. The losses and revenue declines are likely to force the oil giant to rethink its dividend policy. This has been an eventful year for Exxon Mobil. Last month, the oil giant was booted from the Dow index despite being the largest…
‘Definitely Not a Recession’ says Economist Stocks Plow Through Slump
According to Tressis chief economist Daniel Lacalle, markets are not pricing in a recession as stocks avoid a steep downturn. “Markets are not pricing a recession at all. Stocks have risen way above earnings growth and macro, so markets are actually more likely to be discounting more easing, but definitely not a recession,” he said.…
Direct to consumer startup Crown Affair’s special strategy to acquire customers – Business Insider
This story requires our BI Prime membership. To read the full article, simply click here to claim your deal and get access to all exclusive Business Insider PRIME content. Before she started her company, Dianna Cohen, a first-time founder, spent years working on ways to bring in customers at Away, Harry's, and Outdoor Voices.She's making…
This Is Why the Dow Jones Crashed Harder Today Than It Has in 33...
The Dow Jones fell 2,000 points on Thursday despite a historic intervention from the Federal Reserve. Pledging more than $1 trillion in repo interventions over the next few weeks, Jerome Powell is pulling out all the stops to fight the coronavirus. Dow bulls failed to take the bait, and the stock market quickly reversed most…
Design a moon mission with ‘Honey, I Shrunk the NASA Payload’ challenge – CNET
This NASA illustration shows what the small moon rovers might look like. NASA Here's your chance to make a mark on the moon. You have the space of a bar of soap to work with. What will you send to our lunar neighbor?NASA issued a call on Thursday asking for ideas for miniaturized payloads to…
Prince Andrew suggests Virginia Roberts Epstein photo is fake – Business Insider
REUTERS, AP Images. Prince Andrew spoke about his friendship with the sex offender Jeffrey Epstein in a lengthy BBC interview that aired Saturday. During the interview, Prince Andrew suggested that the widely circulated photo showing him and Virginia Roberts Giuffre was fake. He said he could not prove that the picture had been edited, but…
Dow Cringes After Trump Unleashes Devastating China Rebuke
The Dow suffered a vicious setback on Tuesday after President Donald Trump unleashed a devastating tweetstorm rebuking China for its behavior throughout the trade war. The attack, which came just as the two countries were on the cusp of resuming face-to-face negotiations following a frosty standoff, sent another chill through Wall Street. Dow Lurches Toward…
Target Announces Massive Waste of Capital – A $5B Share Buyback...
Target announced a $5 billion share repurchase program, proving once again that it knows how to waste shareholder money. | Credit: AP On Thursday, Target Corporation announced that its board of directors had authorized a new $5 billion share buyback program. Target would begin repurchasing shares under this new authorization after its current $5 billion…
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