Amazon is cracking down on third-party merchants who violate its policies while selling items related to the new coronavirus disease known as Covid-19. Following reports by WIRED and others of price gouging and misleading claims, the retail giant confirmed it had removed or blocked over 1 million products that falsely […]
The FCC Fines Wireless Companies for Selling Users’ Location Data
In May 2018, The New York Times reported that a company called Securus had sold law-enforcement agencies access to the locations of people’s cellphones. Police were supposed to provide a warrant or other documentation proving they had authority to see the data, but the Times said Securus often didn’t check. […]
Did a Woman Get Coronavirus Twice? Scientists Are Skeptical
What could be worse than getting the pneumonia-like illness now known as Covid-19? Getting it twice. That’s what Japanese government officials say may have happened to a female tour bus guide in Osaka. The woman was first diagnosed with Covid-19 in late January, according to a statement released by Osaka’s […]
He’s Baaaaaack
Steve bannon, former advisor and kingmaker to president Donald Trump who left Washington somewhat in disgrace, is back with a podcast being done out of the old headquarters of Breitbart news. The basement of his Washington DC townhome. He’s doing a podcast called The War Room with old political friends […]
Cooling consumer spending, inflation put spotlight on Fed amid coronavirus
(C) Reuters. FILE PHOTO: A vendor counts money at his photograph stand at Times Square in New York By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending slowed in January and could lose further momentum as the fast-spreading coronavirus outbreak, which has sparked a stock market sell-off and revived fears […]
Your Money: Five useful money moves you can do instead of panic
(C) Reuters. FILE PHOTO: A trader work on the floor at the NYSE in New York on Feb 27, 2020 By Beth Pinsker NEW YORK (Reuters) – Spoiler alert: None of the useful things you can do about your money right now involve your 401(k). Financial advisers tend to caution […]
OPEC Had Better Get Used to $50-Or-Lower Oil
With Russia finally ending its cat-and-mouse game with OPEC, the world alliance of oil producers hopes to shock the market into a rebound next week by announcing a cut of more than one million barrels per day in output. No matter what the cut ordained by the Organization of the […]
The Phil Flynn Energy Report: February 28, 2020
Oil prices are falling out of control as fears continue to spread that coronavirus is out of control. While a cut off of 500,000 barrels a day oil exports by Saudi Arabia to China, and a commitment by OPEC to meet March 5 and 6 to try to stabilize the […]
The Corn And Ethanol Report: February 28, 2020
Good Morning! We kickoff the day with Personal Income, Wholesale Inventories, Goods Trade Balance, PCE Price Index MoM and YoY and Core Price Index MoM and YoY at 7:30 A.M., Fed Bullard speech at 8:15 A.M., Chicago PMI at 8:45 A.M., Michigan Consumer Expectations, Michigan 5-Year Inflation Rate, Michigan Current […]
Intuit and Credit Karma’s $7B Deal Means Bigger Data. Is That Better?
The announcement earlier this week that Intuit, the financial software giant, would be buying the personal finance company Credit Karma for $7 billion was striking. The tech industry is under more antitrust scrutiny than ever; just a few weeks ago, the Federal Trade Commission announced a broad inquiry into the […]