Month: November 2020

Stanley Druckenmiller Anjali Sundaram Billionaire investor Stanley Druckenmiller advised investors against being short the stock market as positive news on the coronavirus front has jolted a big rotation out of growth and into value names. “It’s nuanced, but there are a lot of companies that will be direct beneficiaries [from a coronavirus vaccine], and they
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With so many people working at home during the pandemic, it seems natural that some new to investing might be drawn to the stock market. About one-half of Robinhood.com’s 13 million customers are “first time investors.” How do these new investors learn about stocks? Some learn by trial and error. Others do their research, which
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The Mercedes-Bemz Superdome after if was recently renovated. Photo courtesy of Trahan Architects/ASM Global This recent flooding in New Orleans reminds us that all buildings need to be built to higher, with more resilient standards. Famously the Mercedes-Benz Superdome was badly damaged during Hurricane Katrina on August 29, 2005 although it had to shelter about 16,000 residents whose homes
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McDonald’s incoming U.S. President Chris Kempczinski speaks during a press conference in New York November 17, 2016. Shannon Stapleton | Reuters McDonald’s said Monday it’s expecting mid-single digit sales growth in 2021 and 2022 as the fast-food giant plots its recovery from the coronavirus pandemic. Its strategy to drive sales growth includes more collaborations with
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Check out the companies making headlines before the bell: Pfizer, BioNTech – In an interim analysis of a phase 3 study, the drug makers said their Covid-19 vaccine candidate was found to be more than 90% effective in participants who were not previously infected. Stock futures surged following the announcement, and both companies saw shares
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Stock’s are surging on Monday on news of a 90% effective Covid-19 vaccine and CNBC’s Jim Cramer said investors should be excited about what the scientific breakthrough means for everyday life and the stock market. “If you think about where we were last week, where we felt that there was very little chance to be able to stop this
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The U.S. Treasury Department has revealed the names of individuals who renounced their U.S. citizenship, and green card holders who terminated their long-term U.S. residency. During the third quarter of 2020, that was 732 people, making the number for the first 3 quarters of 2020 6,047. That may not sound like many, but even excluding the fourth
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