Month: April 2020

Roku, Inc. (ROKU) has announced the arrival of “The Roku Channel” in the UK, a streaming channel providing consumers with free access to 10.000+ movies, TV episodes and documentaries. Boosted by a strong stock market session, ROKU shares surged 10% on Monday, bringing the year-to-date loss to 33%.There are no subscriptions or fees required to access The Roku Channel, but the programs will be interspersed with ads. Consumers must also own either a Roku streaming player, Roku TV, NOW TV device or Sky Q box.The UK Roku Channel will feature popular global and British TV series, alongside a special Kids …read more […]

China’s Ucar Inc, in which Luckin Coffee Chairman Charles Zhengyao Lu is the biggest shareholder, suspended trading of its shares on Tuesday after regulators questioned the car service provider about how the alleged fraud at Luckin would impact it. Ucar, in which Lu is chairman and CEO, said in a statement late on Monday that the company applied to halt trading in its shares to avoid abnormal price fluctuations and protect investor interest amid media reports on the company. Chinese media reports have linked the firm with Luckin, which said last week an internal investigation revealed sales …read more […]

A United Parcel Service Inc worker employed in Kentucky died over the weekend from a COVID-19 infection, Gov. Andy Beshear said at a public health briefing on Monday. UPS separately said that a “valued member of our management team” at its Worldport global shipping hub in Louisville, Kentucky, had died. UPS employs roughly 20,000 workers in the Louisville area – mainly at Worldport, which is central to the U.S. government’s effort to rush in medical supplies for healthcare workers. …read more […]

Major oil producers including Saudi Arabia and Russia are likely to agree to cut production at a Thursday meeting but only if the United States joins the effort, aimed at coping with the disastrous effect of the coronavirus on fuel demand, three OPEC+ sources told Reuters on Monday. Worldwide oil demand has dropped by roughly 30%, or about 30 million barrels a day, at the same time that Saudi Arabia and Russia have been flooding markets with extra supply. Last week, in response to a weeks-long market rout, the Organization of the Petroleum Exporting Countries and its allies …read more […]

Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […] …read more […]

We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […] …read more […]