Daily Profit
Federal Reserve: Spend More to Save America
Federal Reserve Chairman Jerome Powell says Congress must spend more. Powell explained that the recovery will take longer than expected. And that will require more fiscal stimulus by the… Read more
Tesla Defies California Order
Tesla Motors (NASDAQ: TSLA) is re-opening its plant in California today. The move defies an Alameda County order that restricts Tesla from operating the Tesla manufacturing line. Tesla CEO… Read more
Federal Reserve Starts Buying Junk
$750 billion . . . That’s how much the Federal Reserve plans to spend buying up ETFs to support asset prices. It’s the latest aggressive action from the U.S…. Read more
In Pursuit of Fleeting Yields
It’s been tough to find a respectable yield in the stock market for more than a decade now. The S&P 500’s average dividend yield has hovered around 2% since… Read more
2.8 Billion 5G Smartphones Coming Soon
One major telecom just released a new prediction: Some 2.8 billion smartphones with 5G are coming soon. The report reveals that the current cornavirus outbreak is accelerating demand for… Read more
Outbreak at the White House
The White House has two confirmed cases of the Covid-19 virus. The press secretary for Vice President Pence tested positive in recent days. And last week, a valet to… Read more
Unemployment Hits Record 14.7%
14.7%. That’s the U.S. unemployment rate at the end of April. It’s the highest unemployment rate since the government began tracking this data in 1948. 20.5 million jobs were… Read more
Where’s the Beef (And the Dividend)?
Back in 1984, The Wendy’s Co. (NASDAQ: WEN), the parent company of Wendy’s restaurants, created an awesome television marketing campaign that became a cultural icon. Three little old ladies… Read more
Trump: Task Force Continues Forever
President Trump says that the coronavirus task force would continue “indefinitely.” That was sharp contrast from previous statements that suggested that the task force would shut down at the… Read more