The global panic over COVID is straining global economies to the breaking point. Dutch-headquartered Rabobank now believes “a global recession is now all but certain.” The bank projects global GDP growth will be 1.6% as 2020 ends. According to the International Monetary Fund, the global economy grew by 2.9 throughout 2019. It is no stretch […]
We’re all told that owning a home is the American dream, since renting an apartment means realizing someone else’s financial dreams. Still, no one ever mentions the nightmare of mortgage payments. The average cost of a new home in late 2019 was about $363,000. As of today, that cost could be as high as $400,000. […]
What exactly does it take to become a billionaire, even a trillionaire, as Amazon founder Jeff Bezos could soon become? Many of us wonder at some point in our life how the truly rich get that way. The truth is that you cannot become a billionaire by accident or overnight, unless you happen to inherit […]
Automated driving software in cars, known as Advanced Driver Assistance Systems (ADAS), have come under fire lately from many quarters. In light of recent fatal crashes involving cars equipped with driver-assisted technology, regulators have started to scrutinize its effectiveness in reducing accidents. Previous advocates of the technology are now reassessing the benefits of the safety […]
Benjamin Franklin once said that an investment in knowledge is paid back with interest. On the other hand, a little knowledge can be a dangerous thing. Most Americans are pretty awful when it comes to investing. More than 50% of Americans who invest psychologically psyched themselves out and make self-sabotaging decisions, like buying high and […]
The COVID-19 pandemic is changing the world as we know it, including endangering the viability of multiple global industries. So far, the industry hardest hit by COVID-19 panic is unquestionably the airlines. After 9/11, the airline industry in the United States was grounded for several days. Now, many airlines are worried about going out of […]
Over the past few years the price of Tesla’s stock has been as mercurial as its founder, Elon Musk. Over the past 12 months its shares have run from from a high of $945 to a low of $177. The volatility in Tesla’s share price reflects a divide between two schools of thought on the […]
Warren Buffett, long acknowledged as one of greatest investors of all time, has sat atop the perch of his investment fund Berkshire Hathaway for more than 60 years. An investor who purchased 50 shares of Berkshire in 1965 would now have an investment worth $20 million. Is it any wonder then, why investors the world […]
Former star value investment investor Bill Miller considers the current downturn within the stock market, to be “an exceptional buying opportunity.” “I don’t mean to put all the money in at once, but I do think layering it in right now is the way to go.” Miller made a name for himself in finance when he […]
Gary Cohn, the former Goldman Sachs executive and ex-White House economic advisor, believes that COVID-19 will undoubtedly lead to a recession in the United States. The resulting recession will cost the United States “trillions” of dollars and lead to record unemployment. “We’re in a recession; I’m not going to tell you that we’re not in a […]
