Federal Reserve Chair Jerome Powell introduced the central bank’s plan to target a 2% average inflation rate. Since then, strategists have expressed concerns about inflation and the potential risks to market stability it could bring. It poses more selling pressure on the U.S. dollar, which already declined substantially in the past four months. The Federal
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If it weren’t for former President Barack Obama’s influence when LeBron James, Chris Paul, and others reached out to him for advice, the players would’ve voted to end the season. Obama praised the efforts and action taken by the NBA to boycott over Jacob Blake’s shooting and on behalf of the Black Lives Matter movement
Andre Dillard’s season-ending injury puts brittle Carson Wentz at risk. 38-year-old Jason Peters will be challenged by elite pass-rushers in the NFC East. The Eagles have an injury-prone quarterback behind a worryingly thin offensive line. Carson Wentz has been struck down by injury in each of the last three seasons with the Philadelphia Eagles. Head
The stock market’s rally has made investing riskier than ever. Smart money appears cautious as stocks climb higher. All signs point to a correction in the coming weeks. With the U.S. stock market trading at all-time highs, its only natural that traders are starting to get a little bit jittery. Not only is the coronavirus
Clippers guard Patrick Beverley, who has a history of run-ins with other players, reportedly went at NBPA director Michele Roberts during a meeting earlier this week. Tensions were high among NBA players as they planned their next move in the wake of the Milwaukee Bucks’ decision to boycott a playoff game on Wednesday in protest
Bella Thorne is being called out for “ruining” OnlyFans. She created a ruckus with her “PG-13” account, which caused the platform to change its rules. These rules harmed the real content creators. As I suspected, Bella Thorne ruined OnlyFans. When the former Disney star created an account on the popular platform for adult entertainers, she
Jerry Jones is the most powerful owner in the NFL, which is why many want to hear him speak out in favor of social reform. He remained uncharacteristically quiet all summer and did not satisfy anyone with his comments on ‘grace.’ By proposing the team does something similar to what it did in 2017, it
Demand for homes is high, as shown by strong growth in pending home sales. Low inventory could hinder further sales growth. It has never been more expensive to buy a home in the US. The U.S. housing market shows no sign of slowing this summer. Buyers continue to show strong demand as mortgage rates are
Marcus Morris is stupid enough to intentionally step on Dallas Mavericks’ superstar Luka Doncic’s already gimpy left ankle. Does Morris have a history of being a dirty player? Should Adam Silver and the NBA league-office suspend Morris for Game 6? Doncic’s buzzer-beating, step-back triple on Sunday broke the Los Angeles Clippers‘ back. Luka’s overtime dagger
iPhone sales dropped by 0.4% year-over-year, while Samsung, Huawei, and other top brands recorded 5.8% to 27.8% drops. A stock split, expectations of a “supercycle,” and thriving iPhone sales could raise the chances of Apple reaching $3 trillion. The more affordable iPhone SE sees growing popularity in Asia, buoying investor sentiment around Apple. The global
Lionel Messi has asked to leave Barcelona. Messi knows it’s a waste of time staying at the Camp Nou and waiting for Ronald Koeman to win. Messi needs to be surrounded by better players at a club with a more coherent strategy. Lionel Messi appears to have finally admitted Barcelona has wasted his prime. Messi
The Dow Jones slumped on Tuesday, despite briefly rising after the opening bell. The index is on the cusp of its biggest makeover in nearly a decade. One bearish hedge fund refuses to concede that the stock market recovery is for real. The Dow Jones Industrial Average (DJIA) rally fizzled on Tuesday, as an opening
Industry insider Dusk Golem has claimed that Resident Evil 8 will be the longest RE Engine game to date. The comments came in response to a fan complaining about the short length of the recent Resi 3 remake. In the long run, how long Resi 8 is will have nothing to do with how enjoyable
After four months of a downtrend, Citi Private Bank’s strategists say global activity rebound is “extremely sharp, V-shaped in fact.” Weekly indicators show a clear rebound in corporate revenues, which means the stock market likely bottomed out in Q2. Rising liquidity, strengthening economy, and growing business productivity could catalyze stocks in the medium term. The
The Brooklyn Nets went all-in on the future when they acquired Kevin Durant and Kyrie Irving. While both can be absolute magic when they play, the team must cater to their every whim to keep them happy. That’s why the team fired Kenny Atkinson, and it’s why they’ll make an ill-advised run at San Antonio
Piers Morgan believes Meghan Markle and Prince Harry should be “stripped of their titles.” His belief comes based on the Duchess’s assertion about voting in the American election this year. Morgan’s almost-frightening hatred for Markle blinds him to the simple facts. Piers Morgan hates Meghan Markle. And he couldn’t make it any more clear. In
Kourtney Kardashian was briefly the “woke” Kardashian sister because she was the first to speak out in favor of Black Lives Matter. Not anymore. She’s befriended Addison Rae, who recently came under fire for her past anti-BLM stance. Can we finally disabuse ourselves of the notion that any Kardashian is woke? Kourtney Kardashian is a performative activist.
Home prices rose 0.8 percent in the second quarter of 2020. Overall, prices are up 5.4 percent nationwide compared to a year ago. Investors are thinking about housing more than ever as further potential lockdowns loom. The U.S. housing market secured a modest advance in the second quarter of the year, experiencing a 0.8 percent
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