Zuck’s notebooks are open and marsupials aren’t copin’, but first: a cartoon about smart cars. Here’s the news you need to know, in two minutes or less. Want to receive this two-minute roundup as an email every weekday? Sign up here! Today’s News Inside Mark Zuckerberg’s lost notebook In the […]
Why the FTC Wants to Revisit Hundreds of Deals by Big Tech
When Facebook bought WhatsApp for $22 billion in 2014, many observers scratched their heads. The smaller messaging platform had annual revenues in the low tens of millions. How could it be worth so much? Soon enough, however, Facebook’s logic became clear. While little noticed in the US, WhatsApp was already […]
This Is What A Run On The Bank For Precious Metals Looks Like
The explosive price action seen in palladium recently is indicative of a physical shortage. Put simply, available inventories are failing to keep up with demand (largely from the automotive industry). According to Refnitiv GFMS, the palladium market will be under-supplied by 883,000 ounces this year. Stresses on the physical market […]
Facebook Might Know Better Than You
Follow Facebooks lead in ivesting trends. Facebook, Inc. (NASDAQ: FB) bought WhatsApp for $1.9 billion in 2014, when it had less than 500,000 users. The messaging app announced in a Feb 12th blog post “We are excited to share that, as of today, WhatsApp supports more than two billion users […]
NASA Puts a Price on a 2024 Moon Landing
Nearly 10 months after Vice President Mike Pence directed NASA to return astronauts to the Moon by 2024, the space agency has estimated how much its Artemis Program will cost. NASA says it will need an additional $35 billion over the next four years–on top of its existing budget–to develop […]
The Corn And Ethanol Report: February 12, 2020
Good Morning! MBA Mortgage Applications came in at 1.1% vs. the previous 5%, MBA 30-Year Mortgage Rate came in at 3.72% vs. the previous 3.71% at 6:00 A.M., We have the Fed Harker Speech at 7:30 A.M., Fed Chair Jerome Powell testimony to the Senate at 9:00 A.M., EIA Energy […]
The Phil Flynn Energy Report: February 12, 2020
Oil funds started to pile on to the short side of crude after more than a 20% drop as they all of a sudden realized that we saw oil demand destruction of historic nature. Today Goldman Sachs (NYSE:GS) downgraded China’s GDP growth forecast to 5.2% from 5.8%. Yet with the […]
Home Prices Surge in U.S. as Low Mortgage Rates Attract Buyers
Sign In/Free Sign Up 0 Economy20 hours ago (Feb 12, 2020 11:28AM ET) 2/2 2/2 (Bloomberg) — Buyers are rushing into the U.S. housing market to take advantage of falling borrowing costs. Now, they’re facing rising prices. The median price of an existing single-family home gained […]
Sweet Dreams Are Made of This: Sugar On A Six-Month Rally
It’s the stuff that dreams are made of — and with commodities, few have dared to dream lately. Yet for investors who believed in raw sugar, the reality is a market that’s beaten returns in almost every other raw material over the past six months. New York-traded raw sugar has […]
Can a Database of Animal Viruses Help Predict the Next Pandemic?
In 2016, Michael Letko moved from New York City to Hamilton, Montana–a town of 4,800 nestled between Blodgett Canyon and Highway 93 at the southern end of the Bitterroot Valley. During the state’s earliest days, a strange, deadly disease emerged from these dark lodgepole pine forests, striking down settlers with […]