There is an old adage that applies to every American: No one escapes the taxman. That is, unless you are a Fortune 500 company. According to a report by the Institute on Taxation and Economic Policy, more than 60 companies have paid zero taxes for 2018. Many companies with at least $79 billion in gross income […]
When it comes to robbing banks, Brazilians think big. The largest bank robbery in Brazilian history occurred in 2005 in Fortaleza. Incredibly, the bank robbers dug a tunnel leading to the bank and stole more than $67 million in cash. In a 2017, a similar plot was foiled by Brazilian police authorities in São Paulo. The robbers […]
President Donald Trump imposed a $200 billion tariff Chinese exports earlier this year. Chinese Premier Xi Jinping then imposed a retaliatory $121 billion tariff on U.S. goods. And the political grandstanding continues between both countries. Huawei, a Chinese tech company, is barely known in the U.S. Yet, it stands to surpass Apple as the second-largest global […]
The world watched spellbound as Neil Armstrong set foot on the moon 50 years ago. The Apollo 11 flight was an unsurpassed technological and human achievement. Few thought then that outer space would be a marketplace for commercial and consumer products. Then again, the Internet wasn’t born until October of 1969 and even then remained […]
Cannabis is, without a doubt, one of the most dynamic and exciting niches in the stock market. And if things don’t boom, well, heads roll. The co-CEO of weed stock Canopy Growth, Bruce Linton, says he was terminated after a particularly poor quarter. He would also no longer be serving on the company’s board of directors. […]
A decade of historically unprecedented near zero-interest rates provides a good backdrop for assessing the impact the Federal Reserve’s monetary policies have had on stimulating economic growth. The economy has undergone significant changes over the past thirty years. Are the traditional tools the Fed uses still applicable today? Any intelligent analysis of the current role […]
The concept of value investing was championed by many famous 21st century investors. Warren Buffet, his mentor Benjamin Graham, and reclusive hedge-fund billionaire Seth Klarman have made millions buying distressed assets on the cheap. Now, analysts at asset management firm AB Bernstein believe that technological advances, low interest rates and increased competition has made value investing […]
The market’s lengthy bull run is in no small part due to the increasing valuation of the nation’s biggest tech companies. Toni Sacconaghi, AB Bernstein’s senior technology research analyst, sees this trend coming to a halt very soon. According to Sacconaghi, the tech sector is now trading at 21.4 times forward earnings, the highest it […]
Homelessness is an American exploding problem. More than 40% of homeless Americans reside in either New York or California. California is particularly struggling. Los Angeles has more homelessness now than ever before in its history. The city’s homeless population increased by 16%, or more than 36,000 people. Los Angeles county alone saw its homeless population increase by […]
Walmart, the country’s largest brick-and-mortar retailer, has been in business since 1962. The company has a market cap of about $300 billion and more than $514 billion in annual sales. Yet Walmart can’t compare with profit success of Amazon. Amazon commands more than 38% of the U.S. e-commerce retail market. Walmart barely holds 5% of […]
