Author: tremendousblog
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With the House about to approve another $1.9 trillion in stimulus, the final hurdle before the legislation is signed by President Biden, I found myself wondering what this means for shares in GameStop and other meme stocks. Those stocks took off big time in January, as personal income increased 10%…
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+ Business+ Day trading, Gamestop, Investing, Investment, Reddit, Robinhood, Stock Market, Stocks, Stonks, Wallstreetbets+
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North Korean defector and Youtuber Yeonmi Park is reporting a massive uprising in Musan, North Korea. The uprising began when police cracked down on a market selling Chinese products, which is illegal in North Korea despite them being the only goods available. Farmers took their farm implements and attacked the…
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Merck has come out with great results from a new drug for COVID: Over the weekend, the Big Pharma and its biotech partner Ridgeback announced their drug, molnupiravir, hit one of its secondary objectives from a new trial, namely to reduce time to negativity of infectious SARS-CoV-2 virus isolation from…
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We keep hearing scary stories about people getting sick or dying shortly after getting a COVID vaccine. But we shouldn’t confuse correlation with causation. From the mathematician Gary Cornell’s excellent blog: For example, within one week after vaccinating 10,000,000 people, you will likely have around 98 people keel over and…
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GameStop shares are surging again today, even as the company is losing hundreds of millions of dollars a year. The stock is reacting to Chewy founder Ryan Cohen beginning a push to transform GameStop into an e-commerce business. But it still has 5,000 stores that were losing a fortune even…
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Elon Musk’s Tesla, Inc. has connected a massive battery to the Texas power grid: A Tesla subsidiary registered as Gambit Energy Storage LLC is quietly building a more than 100 megawatt energy storage project in Angleton, Texas, a town roughly 40 miles south of Houston. A battery that size could…
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GameStop Corp. shares are surging today and are currently up over 30%: Chewy co-founder and GameStop board member Ryan Cohen is taking a bigger role, which is driving today’s gains: GameStop Corp. shares extended their rally after the company tapped Chewy.com founder Ryan Cohen to guide its transition to an…
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+ Business+ Gamestop, GME, Investing, Meme stocks, Reddit, Retail, Robinhood, Stock Market, Stocks, Wallstreetbets+
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As some US states lag in COVID vaccinations and the EU barely vaccinates at all, some are looking to Russia for help: Lufthansa is reportedly discussing the “medical tourism” jet scheme with bosses at Moscow’s Domodedovo airport. The German airline is also in talks with the Russian foreign ministry about…
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The UK has vaccinated faster than almost anywhere on earth: And it’s working! Cases have fallen off a cliff, dropping by almost 90% in just two months: The US is actually not far behind the UK in vaccinations per person anymore, although we were significantly behind until recently. And we…
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Shortly after giving blood a week ago, I availed myself of the blood center’s free cookies and magazines. I flipped to an article about banking in poor, mostly black areas of the rural south: …the national banks discourage poorer—and less profitable—clients through minimum-balance requirements and fees. And in many small…
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+ Business+ African-American, Banks, Black, Discrimination, Finance, Immigration, Money, Personal finance, Rural, Unbanked+
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