Following months of harsh criticism for displaying false information, specifically concerning the previous presidential election, Google and Facebook announced they will be placing an intense emphasis on filtering “low-quality” content. Google has already conducted similar measures for years towards personal health and finance related searches. Google is altering the algorithm behind its search engine and … More Google and Facebook’s Fight Against Fake News Raises Questions About Censorship
President Trump announced earlier that the U.S. will be pulling out of the Paris climate agreement. Passed via executive order from the predecessor, President Obama, the agreement was considered by many to be his crown jewel in foreign policy. Let’s take a look into the agreement and what this departure could mean for America. Overview … More Trump Pulls Out of Paris Climate Agreement: My Take
The Trump administration recently rolled out their budget proposal, titled “America First: A Budget Blueprint to Make America Great Again”. Among the departments which would receive additional funding are Defense (+$52 billion) and Homeland Security (+$2.8 billion). Another $2.6 billion would be placed towards the border wall, which would eventually cost $22 billion. $1.5 billion … More Misplaced Priorities
Stocks Everyone has a vague understanding of what stocks are. Whether you’re a plumber, a professor, or a Wall Street banker, stocks play a critical role in all our lives. A share of “stock” is an extremely small (really, really, small) claim to ownership of a company. Shares of stock have different classes, such as … More A Comprehensive Introduction to the World of Finance
Shares of Lumber Liquidators ($LL) spiked today following an earnings report, that in all honesty was, for lack of a better term, egregious. Shares are up over 18% as I write this article on a reported earnings of -$0.20 per share, equating to a company loss of about $5.5MM in Q4. With over 12 million … More The Spike in Lumber Liquidators: Why the Move? And Why is it a Perfect Opportunity to Short?
I found an interesting documentary on Netflix, a segment from the book Freakonomics. In the segment, economists examine the widespread epidemic of cheating and corruption in everything from inner-city school systems, to professional sumo wrestling in Japan. Cheating in the Public School System Economists had a hunch that teachers were cheating for students on their tests. … More CHEATING AND CORRUPTION: HOW BIG DATA IS BEING USED TO RECOGNIZE AND BRING AN END TO AN EPIDEMIC
The people most certain they had nothing to learn were other Major League Baseball teams. But of course they didn’t! They weren’t a business, they were a Club. – Michael Lewis, Moneyball … More Major League Spending
“President Trump signed on Friday an executive order that severely restricts immigration from seven Muslim countries, suspends all refugee admission for 120 days, and bars all Syrian refugees indefinitely.” (The Atlantic) Protesters are making their way to airports across the country this week, after press releases surfaced of President Trump’s recent executive order to severely … More Trump’s Executive Orders: What Do the Markets Think?
The Trump administration hit the ground running this week and began chipping away at their campaign promises. But what are these reforms and what impacts do they have on the domestic and global economy? … More Protectionism is Here to Stay, For Better or Worse
Earnings reports had the Street on their toes this week. Major players such as Alibaba ($BABA), Lockheed Martin ($LMT), and Johnson and Johnson ($JNJ) all brought surprises. Most notably, Alibaba, the Chinese online retailer, blew away analyst estimates with their report of $1.09 per share versus the consensus estimate of $0.85. A 28.2% surprise led to … More Recap on Earnings Projections: Who were the Big Winners and What’s to Come?