On the Street

Coronavirus Causing States to Backtrack on Reopening

Even while claims of reducing coronavirus cases are being made, the truth is far different for many states. More new cases than ever are occurring now, and several days in a row have had more cases than even the worst days at any time previously. The states that are being hit the hardest are Florida, Arizona, and Texas. Some states ...

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Will Current Stresses Collapse the Dollar?

While most people are waiting for the economy to return to normal once the pandemic is under control and businesses are open again, some experts are predicting the collapse of the dollar under our massive national debt. It seems that more warnings are occurring lately and it is not so difficult to see how this might happen. The dollar has ...

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Many States Not Reporting COVID-19 Cases Accurately

In the nationwide battle against coronavirus, some states have decided against accurate reporting. Reporting accurately is necessary to understand where breakouts are occurring so that steps can be taken to identify sources and help prevent exposure to even larger groups. The CDC requires that states not only report confirmed cases but also probable cases. A probable case is one where ...

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Average Joe is Being Replaced

Over the last few years, I have talked about my Average Joe indicator on several occasions. I even introduced an old high school classmate as the typical Average Joe as he would call me and ask for advice on what to do with this stock or that stock. Unfortunately, I have had to replace the original Average Joe because I ...

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Aggressive Tactics May Be Needed to Stop Protests

The protests around the nation continue to be out of control. Several states have already activated the National Guard, including Washington D.C., where protestors became out of control near the White House. President Trump is now considering invoking the Insurrection Act, which would let him deploy active U.S. troops to quell the riots in which more than 4,000 people have ...

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Protests Are Impacting the Market

Protests across the nation over the death of George Floyd, the black man who was killed by a policeman, are grabbing the headlines. Many have been arrested during the protests over the weekend and they do not seem ready to abate. Police officers have been injured and the National Guard has been activated in 12 states. They have also been ...

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Chinese Airlines Banned from U.S.

U.S. airline companies have been prohibited from flying to China, except for about one flight per airline per week to a destination. The U.S. allowed more flights than this to continue after the shutdown, but now the U.S. will also limit them to one flight per week per destination. Many charter flights to the U.S. have been allowed in the ...

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Occidental Petroleum Corp Is Being Sued

When Occidental Petroleum Corp (OXY.N) acquired Anadarko Petroleum Corp. back in August 2019, some information about Occidental was not revealed – investors claim. The class-action lawsuit says that Occidental did not have enough funds available to be able to handle the recent drop in oil prices after the acquisition – which resulted in its market value dropping from around $44 ...

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Coronavirus Is Still Around

Even though most states are beginning to open up and let people enjoy greater freedom, there are many places in the United States where coronavirus is still spreading. As many as 24 states have areas in them where the statistics of new cases and deaths are rising. After Memorial Day weekend, it is likely that the number of new cases ...

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A New Version of Coronavirus?

China has reported that there has been a new outbreak in some of its eastern provinces near Russia. The symptoms are a little different than seen earlier and seem to be focused on lung issues rather than issues that are multi-organ – as has been the case with the earlier coronavirus cases. In response, China has again placed the three ...

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