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any wisdom out there on the november election and setting stock stop loss or stop limit orders? i am currently figuring that the worst is if biden wins or the outcome is placed into limbo pending recounts. if this is the case, presumably there will be a dip in stock prices. however, will the dip last very long? trump will still be in office until january 20, 2021, which means that stocks would seem still relatively safe up until january 20, 2021. so, january 19 (eg january 15) or slightly earlier might make a good time to sell stocks manually....

The New York Times’ investigation of President Trump says the president used big tax losses in some years to avoid paying taxes in others, that he invested some of his profits into money-losing businesses, and that Mr. Trump paid his daughter as “a way to transfer assets to his children.” In addition, it says that Mr. Trump’s businesses are propped up by foreign revenue and that Mr. Trump “has written off as business expenses costs — including fuel and meals — associated with his aircraft, used to shuttle him among his various homes and properties.” The Times ought to know...

“It is difficult to get a man to understand something, when his salary depends upon his not understanding it!” – Upton Sinclair Part I: Upton Sinclair was describing willful ignorance based upon who butters your bread. The rampant corruption of our society, as power has been consolidated into fewer and fewer hands, has resulted in our political, financial, cultural and economic systems being captured by a billionaire class who use their wealth to dictate the path we are forced to follow – or lose everything. The sociopath class include the Silicon Valley social media titans, the billionaires running the six...

The Securities and Exchange Commission announced on Thursday, Sept. 24, that it had settled charges against BMW for disclosing inaccurate and misleading information about the automaker’s retail sales volume here in the United States as it raised around $18 billion from investors. BMW — the German-based automaker BMW AG and two U.S. subsidiaries including BMW of North America and BMW US Capital — inflated its reported sales, which then helped the company decrease the gap between its actual sales and internal targets, according to a release by the SEC. The inflated sales also kept BMW in a “leading sales position”...

Just sharing this with you because it is something I need to learn how to do more often. and more importantly, do it. If you don't have an account with Schwab or other zero commission broker, you need to get one. The pattern is basically this: (1) Watch a few (probably no more than 3 dozen) stocks which (a)trade a lot, (b)have some strong swings, (c)are basically good investments. (2) When news happens which causes a unusual swing (40% in this case, 5% in a more typical case), take the opposite position as the market because such swings are almost...

BREAKING|159,586 views|Sep 3, 2020,02:52pm EDT Discover Blocks Credit Card Donations To Christian Site Collecting For Alleged Teen Shooter Kyle Rittenhouse Karen Robinson-Jacobs Karen Robinson-JacobsForbes Staff Business I cover breaking news with an emphasis on race. TOPLINE Discover, one of the nation’s top credit card issuers, told Forbes it has blocked its users’ ability to make any donations on the Christian crowdfunding site GiveSendGo which has raised more than $380,000 for accused Kenosha teen shooter Kyle Rittenhouse, who has garnered support from the far-right as a national debate rages on vigilante justice. Kyle Rittenhouse (in green) was among the volunteers to...

Apple today hit a market value of $2 trillion, doubling in valuation in just over two years. Apple, the first publicly traded U.S. company to reach a $1 trillion market cap, is now the first publicly traded U.S. company to reach a $2 trillion market cap. Apple first reached a $1 trillion market cap on August 2, 2018. On July 31, 2020, Apple surpassed the state oil giant Saudi Aramco to become the world’s most valuable publicly traded company. MacDailyNews Take: Congrats, Apple and AAPL shareholders! Onward and upward!

FIRE (Financial Independence, Retire Early), a flourishing lifestyle movement, has crept its way into mainstream culture throughout the past decade. As we've seen the pandemic spark a renewed push for people to create more autonomy in their lives, there is continued debate about the most sensible way to invest if FIRE is your goal. Real estate proponents advocate for potentially robust monthly cash flow, price appreciation, and tax advantages, whereas index fund adherents cite minimal expenses, a lack of constant oversight, and efficient trading as reasons to invest. In reality, there are benefits to both strategies, which might lead you...

Sources tell the Washington Free Beacon that foreign governments exert pressure on the ostensibly independent think tank’s scholarship and programming Turkish president Recep Tayyip ErdoganTurkish president Recep Tayyip Erdogan / Getty Images Eliana Johnson - AUGUST 7, 2020 5:00 AM When Turkish president Recep Tayyip Erdogan’s bodyguards were arrested after attacking a crowd of protesters outside the Turkish ambassador’s residence in May 2017, Erdogan and his crew were heading inside for a private, off-the-record meeting with Atlantic Council fellows and board members. That event is just one example of the close relationship between the Washington, D.C., think tank and the...

The average rate for a 30-year-fixed mortgage fell below 3 percent last week for the first time, according to the government-sponsored mortgage-finance company Freddie Mac. The falling rates are making homes more affordable for buyers and spurring a wave of refinancing as homeowners seek to lower monthly payments. Freddie Mac estimates that at current rates, most homeowners with mortgages could save money by refinancing — a financial boon for potentially tens of millions during a recession.

With all eyes on Trump's Tuesday evening Rose Garden speech which unveiled that he'll sign new and punitive measures indirectly targeting China — namely the Hong Kong Autonomy Act, a bipartisan measure to penalize banks that work with Chinese officials found to be interfering in Hong Kong affairs — it remains that arguably the most important recent statements out of China came not from current government officials, but from Zhou Li, the 65-year-old former deputy head of the Chinese Communist Party's International Liaison Department. He's considered an important voice who echoes the outside the box thinking and general "talk"...

Chelsea Clinton is reportedly entering the venture capital scene. That's according to Axios' Kia Kokalitcheva and Dan Primack, who reported Thursday morning that Clinton is in the "very early stages" of forming a new fund called Metrodora Ventures, named after one of the first women to write a medical text. Axios reports that Clinton is still determining whether she wants to become a full-time VC, but noted that the name of the fund was registered in April, there's a draft pitch deck being passed around, and Metrodora Ventures has its own Twitter account, created in July. On Twitter, the firm...

The story is shocking in exposing just how multi-faceted fraud is in China: capitalizing on pre-existing cronyism and connections with China's powerful army, the founder of Kingold was allowed to basically do anything he wanted, no questions asked, including counterfeiting over 83 tons of gold bars to get billions in funds to participate in China's housing bubble, only for a series of unexpected events to unwind the frauds one after another and expose the type of sordid scandal that is at the heart of most Chinese "enterprises" and business ventures.

A co-founder of the Black Lives Matter Global Network weighed in on the 2020 election, in an apparent violation of Internal Revenue Service laws prohibiting 501(c)(3) organizations from engaging in campaign activity. Patrisse Cullors, in her official capacity as a co-founder of the BLM Global Network, told CNN on June 19 that “our goal is to get Trump out.” “Trump not only needs to not be in office in November but he should resign now,” she insisted. “Trump needs to be out of office. He is not fit for office.” According to the IRS, a 501(c)(3) organization “may not participate...

Some conservatives have begun speculating the unrest in American cities—even as late as Monday night in Washington, DC, as “protestors” unsuccessfully worked to tear down a statue of Andrew Jackson and set up an autonomous zone across the street from the White House—may in part be an attempt to affect the upcoming presidential election, with the chaos and violence intended to make it as difficult as possible for Donald Trump to win a second term. Lending credence to this idea is the fact that at least one board member of Thousand Currents—the group fiscally sponsoring the most organized part of...

Wall Street dodged a bullet when Elizabeth Warren's campaign for the White House fizzled out. But Warren, a fierce critic of big banks, could still play a forceful role in shaping policy in a potential Biden administration. If Joe Biden wins in November, Warren is the "favorite" to become the nation's first woman Treasury secretary, according to Cowen Washington Research Group. "We believe Warren would be an especially powerful Treasury secretary with Biden likely delegating to her primary responsibility for financial and economic policy," Jaret Seiberg, policy analyst at Cowen, wrote in a note to clients on Thursday.

Fitch Ratings has downgraded Canada's Long-Term Foreign Currency Issuer Default Rating (IDR) to 'AA+' from 'AAA'. The Rating Outlook is Stable. KEY RATING DRIVERS The rating downgrade reflects the deterioration of Canada's public finances in 2020 resulting from the coronavirus pandemic. Canada will run a much expanded general government deficit in 2020 and emerge from recession with much higher public debt ratios. The higher deficit is largely driven by public spending to counteract a sharp fall in output as parts of the economy were shuttered to contain the spread of the coronavirus. Although this will support recovery, the economy's investment...

The Consumer Financial Protection Bureau announced Monday two notices of proposed rulemaking surrounding what’s commonly known as the QM Patch. One of those rulemakings would remove the debt-to-income requirement from qualified mortgages. Back in January, CFPB Director Kathy Kraninger sent a letter to several prominent members of Congress, saying the bureau has decided to propose an amendment to the QM Rule that would “move away” from DTI as a factor in mortgage underwriting. Specifically, Kraninger said at the time that the CFPB has decided to shift from the DTI standard and move to an “alternative, such as a pricing threshold...

Wells Fargo, one of the biggest lenders for new and used car purchases in the U.S., sent letters to hundreds of independent auto dealerships last month telling them that the San Francisco-based company was dropping them as a customer, according to people with knowledge of the situation. A Wells Fargo spokeswoman confirmed that the bank, which only makes auto loans through car dealerships, will no longer accept loan applications from most independent shops. Independent dealerships typically sell used cars, unlike franchise dealerships that focus on new vehicles from specific manufacturers. The bank had “an obligation to review our business practices...

The Bill & Melinda Gates Foundation has committed millions of dollars to research treatments and vaccines for COVID-19 as the pandemic continues to spread across the globe. Those endeavors are now fueling a lot of conspiracy theories. Of course even Bill Gates made some strange comments that fueled those conspiracy theories. Back in March he said, the country needs to go much further with a longer, coordinate shutdown to effectively turn back the spread of the disease. “We’re entering to a tough period that if we do it right we’ll only have to do it once, for six to 10...