US Unemployment Rate Drops To 6.3 Percent As 49,000 Jobs Added In January

US Unemployment Rate Drops To 6.3 Percent As 49,000 Jobs Added In January

January saw the United States add 49,000 jobs as the unemployment rate dropped to 6.3 percent, as reported by Yahoo! Finance. This signals a 0.4 percent drop in the rate, according to the Labor Department. Friday’s release of data reveals that the economy appears to once again be heading toward recovery after jobs declined in […]

Hedge Fund Billionaire Says ‘Fair Share Is A Bullsh*t Concept’ Used To Attack Wealthy People

Hedge Fund Billionaire Says ‘Fair Share Is A Bullsh*t Concept’ Used To Attack Wealthy People

During an appearance on CNBC Thursday, New York Hedge fund billionaire Leon Cooperman touched on his feelings about GameStop’s recent meteoric stock market rise. As reported by BuzzFeed News, the surge was driven by Reddit users and led to the defeat of two hedge funds — Citron Research and Melvin Capital. “This ‘fair share’ is […]

Donald Trump’s Name Is ‘Radioactive’ As His Real Estate Properties Plummet In Value, Industry Expert Says

Donald Trump’s Name Is ‘Radioactive’ As His Real Estate Properties Plummet In Value, Industry Expert Says

Donald Trump’s business empire is reportedly taking a major hit since his transition out of the White House, with one real estate expert saying the family name is “radioactive” and his properties are shedding value. Business Insider reported there has been considerable negative attention around the now-former president’s name after his four tumultuous years in […]

Ja Rule, Alexandria Ocasio-Cortez, And Donald Trump Jr. Unite In Slamming Wall Street For Halting GME Sales

Ja Rule, Alexandria Ocasio-Cortez, And Donald Trump Jr. Unite In Slamming Wall Street For Halting GME Sales

The stock-trading platform Robinhood and other Wall Street brokers are coming under fire after blocking users from buying GameStop and other stocks that have become a target for the Reddit community r/WallStreetBets — even uniting two figures from far ends of the political spectrum and a rapper in opposition to the move. Users on the […]

Anthony Scaramucci Predicts That GameStop Gate Is The ‘French Revolution Of Finance’

Anthony Scaramucci Predicts That GameStop Gate Is The ‘French Revolution Of Finance’

Former White House Press Secretary Anthony Scaramucci claimed on social media that the coordinated effort to inflate the price of GameStop stocks is the start of the “French Revolution” in the business world. As was previously covered by The Inquisitr, Wall Street was stunned on Wednesday after a large number of members from Reddit group […]

GameStop Stocks Surge Thanks To Reddit-Fueled Frenzy

GameStop Stocks Surge Thanks To Reddit-Fueled Frenzy

Video game retailer GameStop continued its meteoric and unexpected stock surge on Wednesday morning, with the price of shares surging another 130 percent in pre-market trading, as reported by Reuters. The jump is part of a two-week trend fueled by amateur investors and has seen the company’s stock rise by 700 percent. GameStop, and BlackBerry […]

Joe Biden’s Top Economic Aide Admits The US Economy Is ‘Spiraling Downward’

Joe Biden’s Top Economic Aide Admits The US Economy Is ‘Spiraling Downward’

President-elect Joe Biden’s director of the National Economic Council has warned that the U.S. economy is “spiraling downward” after facing record unemployment numbers and businesses that have been damaged if not completely destroyed due to the novel coronavirus pandemic. According to Bloomberg, top economic adviser Brian Deese stated on Sunday morning that decisive action will […]

JP Morgan CEO Jamie Dimon Says He Is ‘Scared Sh*tless’ Over Big Tech’s Move Into Finance

JP Morgan CEO Jamie Dimon Says He Is ‘Scared Sh*tless’ Over Big Tech’s Move Into Finance

JPMorgan Chase CEO Jamie Dimon has expressed his fears about the future of both traditional banks and the country at large following the growth of Big Tech into the financial industry. The companies referenced by Dimon include well-known behemoths such as Amazon, Apple, and Google in addition to more business-focused apps such as Square, Stripe, […]

Billionaire Investor Warns ‘There’s Just Too Much Debt In The System,’ Predicts Stock Market Will Suffer

Billionaire Investor Warns ‘There’s Just Too Much Debt In The System,’ Predicts Stock Market Will Suffer

Billionaire investor Leon Cooperman, who serves as the chairman and CEO of Omega Advisors, has warned that he is pessimistic about the long-term future of the stock market due to “too much debt” in the United States’ business and financial systems. According to CNBC, Cooperman specifically pointed to the combination of the U.S.’s increasing national […]

‘Tesla Tequila’ Goes On Sale Two Years After Elon Musk Announced Tesla Liquor Prototype

‘Tesla Tequila’ Goes On Sale Two Years After Elon Musk Announced Tesla Liquor Prototype

Tesla has launched its own brand of tequila after CEO Elon Musk first proposed the idea two years ago on his Twitter account. According to CNN Business, the company’s liquor brand launched on Thursday, November 5 and the product sold out quickly online following high demand. The drink was only available in certain U.S. states […]

US Stock Market Rallies Despite Uncertainty Of Closely Contested 2020 Presidential Election

US Stock Market Rallies Despite Uncertainty Of Closely Contested 2020 Presidential Election

U.S. stocks have rallied recently despite the ongoing uncertainty over whether Donald Trump or Joe Biden will win the 2020 presidential election. According to CNN Business, Wall Street was facing a difficult period earlier in the week as the unpredictability of counting votes in key battlegrounds could have taken days or weeks, which subsequently affected […]

Amazon CEO Jeff Bezos Sells $3 Billion Worth Of Company Shares

Amazon CEO Jeff Bezos Sells $3 Billion Worth Of Company Shares

Amazon CEO Jeff Bezos has sold nearly 2 percent of his share in the company after it increased 75 percent in value in 2020. According to Forbes, after taxes, Bezos is estimated to make $2.3 billion after selling the stock on Monday, November 2 and Tuesday, November 3. Market Watch reported that recent filings with […]

‘Mad Money’ Host Jim Cramer Warns Next Few Days Will Be ‘One Of The Most Confusing Weeks Of My Career’

‘Mad Money’ Host Jim Cramer Warns Next Few Days Will Be ‘One Of The Most Confusing Weeks Of My Career’

Mad Money host Jim Cramer has claimed that he already feels as if the upcoming 2020 U.S. presidential election will mark “one of the most confusing weeks” of his career. The confusion extends beyond politics. As was covered by CNBC, Cramer explained that markets do not like uncertainty, and a fiercely partisan election would likely […]

Jeff Bezos Is Reportedly Looking To Buy CNN

Jeff Bezos Is Reportedly Looking To Buy CNN

Fox Business correspondent Charles Gasparino reported on Tuesday that the founder and CEO of Amazon, Jeff Bezos, is looking to buy CNN, per Mediaite. According to Gasparino, it is being speculated on Wall Street that the billionaire business magnate, who also owns The Washington Post, has expressed interest in buying the network. Gasparino said that […]

Tanya Weinreis: Who Is The Coffee Shop Owner Speaking At The 2020 RNC?

Tanya Weinreis: Who Is The Coffee Shop Owner Speaking At The 2020 RNC?

A Montana coffee shop owner will be a featured speaker at the Republican National Convention (RNC) on Monday night. So who is Tanya Weinreis, and what is her connection to the Republican Party? Her Business Was The First In Montana To Receive A Paycheck Protection Program (PPP) Loan Back in the early days of the […]

President Trump Calls For Boycott Of Goodyear Over Company Supposedly Banning ‘MAGA’ In The Workplace

President Trump Calls For Boycott Of Goodyear Over Company Supposedly Banning ‘MAGA’ In The Workplace

President Donald Trump called for a boycott of Goodyear tires on Wednesday, after a viral video purportedly showed that the company is banning pro-Trump speech while allowing speech in support of liberal issues, Yahoo Finance reported. However, the company insists that the call for a boycott is based on a misunderstanding. On Tuesday, WIBW-TV reported […]

FedEx, UPS Tell Americans That The Two Companies Can’t Deliver Mail-In Ballots

FedEx, UPS Tell Americans That The Two Companies Can’t Deliver Mail-In Ballots

UPS and FedEx both warned Americans this week that the two delivery services absolutely cannot deliver mail-in votes, in case any were worried whether the United States Postal Service would be able to get their ballots in on time. As Reuters reported, the USPS has warned that it may not be equipped to handle the […]

Amazon Is Rumored To Be Ditching Seattle Due To ‘Insane Taxes’

Amazon Is Rumored To Be Ditching Seattle Due To ‘Insane Taxes’

Amazon has always been headquartered in or around the northwestern city of Seattle, but rumor has it the online shopping behemoth might soon abandon its hometown. According to My Northwest, Amazon is putting out “feelers” to begin expanding the company outside of Seattle, with the ultimate goal of leaving the Emerald City altogether. The rumors […]

Ice Cream Manufacturer Calls On Trucks To Remove Jingle With Racist Connotations, Rapper Writes New One

Ice Cream Manufacturer Calls On Trucks To Remove Jingle With Racist Connotations, Rapper Writes New One

A major ice crime manufacturer is calling on trucks that deliver the product to ditch the song “Turkey in the Straw” and instead use a new jingle that a rapper came up with, because the original has racist connotations, CNN reported. It’s a bit of classic nostalgia for millions of Americans: the distant sound of […]

Wall Street Analyst Explains Why Tesla Will Likely Become The Sixth Ever Trillion Dollar Company

Wall Street Analyst Explains Why Tesla Will Likely Become The Sixth Ever Trillion Dollar Company

Billionaire Wall Street analyst Chamath Palihapitiya has claimed that Tesla might soon be worth over a trillion dollars, making it one of just six companies ever to read the incredible benchmark, according to CNBC. The claim comes as shares in the company, founded by Elon Musk, have reached new heights, trouncing previous expectations from the […]

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