The stock market crash of 1929

Speaking for much of her party, one-time Republican presidential hopeful Michelle Bachman said that Obama would be responsible for “punishing tax rates, redistribution of wealth, socialized medicine, inputting censorship in the form of the un-Fairness Doctrine and taking away the secret ballot from the worker.” Gun-toting “Jailbait” musician Ted Nugent vowed an Obama victory would ensure that Nugent would either be dead or in jail the following year. Fans of then-Republican candidate John McCain, in this video, claimed that Obama would change both the American flag and the national anthem. Fox News speculated that Obama would forfeit the Gulf War and start a new one, and that race relations would transform “from a thorny issue to an explosive one.” Needless to say, none of those things happened during Obama’s presidency. Although he famously did pass the Affordable Care Act, the version that made it through was so watered down, the term … [Read more...] about The problem with Republican doomsday predictions for a Biden presidency

The rupee continued its downward journey as it moved above 74 levels. Yesterday it fell by 23 paise and ended near 74.1 whereas November future above 74.55. Choppy domestic equities and strengthening of Dollar index remains major concern • The Dollar index remained cautious ahead of the ECB event. However, recent lockdown and uncertainty on the amount of stimulus attracted risk: aversion buying. … [Read more...] about Buy USDINR; target of 74.55 – 74.65 : ICICI Direct

FuboTV has filed for a public offering on the New York Stock Exchange, the company announced this morning. The sports-focused streaming service, first launched in 2015 as a way to watch soccer games without cable, has been rapidly growing its subscriber count in recent years, despite a flood of competitors in the crowded streaming-TV space. … [Read more...] about Cord-cutting service FuboTV is coming to the NYSE: Here’s what to know

On the Nasdaq, meanwhile, Israeli software company JFrog leaped over its set price of $44 per share, opening 62% higher at $71.27. JFrog, which makes tools for software developers on platforms such as AWS, Microsoft Azure, and Google Cloud, is trading under the symbol FROG. … [Read more...] about It’s snowing on the NYSE and raining frogs on the Nasdaq

Ant Group, formerly Ant Financial, is the parent company of Alipay, the world’s largest platform for mobile and online payments. Originally launched in 2004, it helped pioneer digital commerce in China and today serves about 1.3 billion users globally, the company says. The firm was spun out of Alibaba in 2011. … [Read more...] about Chinese fintech giant Ant Group sets share price, trading date in record-setting IPO