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Month: February 2021

Business 0

For AMC, The Rent Is Too Damn High

As COVID forced AMC to close all its movie theaters in the spring of 2020, it played hardball with its landlords in order to survive. From a letter to landlords: “Without revenue from its theatres,” the letter continues, “AMC will cease paying rent and charges under the lease effective as of April 1, 2020.” Even with rent relief, the company […]

Business 0

Forget GameStop, Treasury Yields Are The Thing to Watch

Treasury bonds have been falling hard lately. Their interest rates are up significantly as a result: The yield on the 10-year note, a bellwether for borrowing costs on everything from mortgages to corporate loans, has jumped to near 1.5% from around 1% in a matter of weeks, lifted by increased expectations that vaccines and government stimulus efforts will accelerate growth […]

Business 0

Tesla’s Shares Are Priced For a Future Where Tesla Makes Every Car on Earth

Reading about the enormous run-up in shares of Tesla, Inc., I wondered something…is Tesla bigger than the entire rest of the auto industry? The answer is: almost. Tesla’s market cap ($655 billion), is nearly equal to the combined market caps of Toyota, GM, Ford, VW, Daimler, Fiat, BMW, Honda, Hyundai, Nissan, Mazda, Subaru and Aston Martin ($750 billion), per Yahoo […]

Business 0

Palantir Insiders Are Dumping The Stock. What Do They Know That You Don’t?

The lock-up that stopped insiders at Palantir Technologies from selling their shares recently expired. And boy, are they excited! Palantir stock sank as much as 13% on Tuesday after regulatory filings showed the company’s co-founder Stephen Cohen and two other top executives offloaded 2.7 million shares. And they’re not the only ones: Just a month after Palantir went public last […]

Business 0

Payment for Order Flow Really Does Help Investors, Research Indicates

Citadel CEO Ken Griffin claims that even though they pay Robinhood to execute their trades, investors are getting a better deal than they would in public stock markets: Citadel CEO Ken Griffin said Thursday that the system has been “very important to the democratization of finance. It has allowed the American retail investor to have the lowest execution cost they’ve […]

Business 0

Palantir Is Losing $100 Million a Month With No End in Sight

Reddit’s Wallstreetbets loves Palantir Technologies, a Denver-based maker of data analytics software. The merry band of traders mention it more than any other stock, but the company has serious problems. Big Losses Palantir claims to make products that analyze data better than anyone else. If that’s true, why has the company never made a profit in 18 years? “They’re massively […]

Giving 0

When The Cat Who Supported Her Through Cancer Got Sick, Jessica Knew What She Had to Do

Jessica had battled a brain tumor for a decade and was finally feeling better. Her little cat Olive had stood by her throughout her treatment, and now they were relaxing together at their house in Harlem. One weekend, Jessica couldn’t find Olive anywhere. She went down to the basement and heard faint meowing from the corner. Olive was very sick. […]

COVID 0

The Miracle Particles Behind COVID Vaccines

The particles that the Pfizer and Moderna vaccines rely on are 1/1000th the width of a human hair. They’re called lipid nanoparticles, and they’re revolutionizing medicine as we speak. The Pfizer and Moderna COVID vaccines work by sending mRNA to your cells. The mRNA tells the cells how to make proteins that block the virus. But you can’t send the […]