August 08, 2020

Investment

DailyHum News
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Unemployment Fell in July -- but the Jobless Rate Is Still Dangerously High
Investment

COVID-19 sparked an unemployment crisis that the U.S. has been grappling with since March, and will most likely continue to struggle with through the end of the year. In April, the jobless rate hit a record high of 14.7%, and while May and June's numbers were lower (13.3% and 11.1%, respectively), they were still considerably higher than they were prior to the pandemic (in February, the unemployment rate was just 3.5%).Meanwhile, the U.S. Bureau of Labor Statistics just released July's unemployment numbers, and they're a bit more encouraging: The unemployment rate in July fell to 10.2%.But let's be clear: Double-digit unemployment is still very bad news, and if lawmakers don't find a way to come to terms on a relief package to help the jobless, the recession our economy is currently stuck in could get a lot worse.
DailyHum News
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Encore GX completes Buick's transformation
Investment

Don’t look now, but Buick is the shape of the auto industry’s future, and that shape is an SUV.Get used to it, because as the 2021 model year hits its stride, General Motors’ oldest brand no longer has a single traditional car in its lineup.The final piece of the puzzle arrived earlier this year in the 2020 Encore GX, an appealing small SUV sure to become Buick’s best seller in a jiffy.The Encore GX completes a transition that began nearly a decade ago, when some farsighted exec recognized the approaching flood of SUVs as a rising tide that could lift a moribund brand. Buick bet on SUVs early and big, though it was easy to overlook in the early days when the Encore was the first and only premium subcompact SUV sold in the U.S.
DailyHum News
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Four retirement-ruining Social Security surprises
Investment

Most retirees need income from Social Security to make ends meet. If you're among the majority who will use these benefits to help support you in your later years, it's important that you understand exactly what they'll do for you. Sadly, it may be less than you think.To avoid an unpleasant surprise when it comes to the retirement income Social Security will provide, it's essential to know these four key facts that often catch seniors off-guard.Nearly six-in-10 older adults believe Social Security will be enough to cover more than half of their total retirement expenses, according to a survey conducted by Nationwide. And over a quarter think their benefits will be sufficient to serve as their sole source of support and provide a comfortable retirement.
DailyHum News
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This Louisville company is launching a spiritless 'bourbon'
Investment

A last minute-emergency at an event started the idea. Lauren Chitwood, Abby Ferguson and Lexie Larsen needed to find something non-alcoholic but elevated beyond water or diet soda, to supply an event their company, Olio Event Group, was hosting. They couldn't find it. "The writing was on the wall that consumer habits were changing drastically," Chitwood said of the request for a non-alcoholic option that wasn’t bland.The request spurred a dedicated search for nonalcoholic spirits and the three women found mostly non-alcoholic beer, gin and vodka alternatives. It took some testing to realize what they really wanted was a non-alcoholic alternative to the drink Kentucky is known for most: bourbon. 
DailyHum News
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Back to school basics
Investment

Here are the back-to-school basics you can grab from Walmart
DailyHum News
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GBP/JPY Weekly Price Forecast – British Pound Pulls Back Against Japanese Yen at Resistance
Investment

The British pound has initially tried to rally during the trading week, reaching towards the ¥139 level. However, the market has pulled back a bit to show signs of weakness, but I do not necessarily have any interest in shorting this pair right now, as I think this will end up being a buying opportunity. The ¥139 level begins a significant barrier that extends to the ¥140 level, so I will be very interested in this pair if we can break above that ¥140 level.
DailyHum News
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Money Reimagined: Warnings From an Argentine Tragedy
Investment

I attribute my early interest in bitcoin to my six years as a correspondent in Argentina. The lesson I took from that country’s repeated financial meltdowns is that any fiat monetary system requires a bedrock of trust in the nation’s governing institutions. When people don’t trust their government, the system is always prone to collapse.It wasn’t until I discovered bitcoin, four years after my 2009 departure from Buenos Aires, that I understood this clearly. I’d been well aware of Argentines’ lack of trust in government – the local commentariat endlessly talked of their leaders’ corruption. But only after learning of how bitcoin’s decentralized cryptographic protocol allowed users to transact without having to trust centralized intermediaries did I see the connection between that trust deficit and Argentina’s financial dysfunction.
DailyHum News
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US cities with the highest unemployment due to COVID-19
Investment

The U.S. unemployment rate was 11.1% as of June -- lower than April's 14.7% jobless rate, but higher than at any time in at least the last 70 years.
DailyHum News
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The Most Stable Industry In 2020 And Beyond
Investment

Published 1 Day AgoWhitney Tilson is one of the most famous and successful investors in America… He first made his mark on Wall Street, starting a hedge fund with just $1 million, ultimately growing it into a series of funds worth 200 times that amount.Along the way he met Presidents Clinton and Obama… was asked to speak at America’s most prestigious business schools (like Harvard, Columbia, and Wharton)… and bought some of the best investments in the world, in the very early stages, for his clients. Such as:
DailyHum News
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EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – August 8th, 2020
Investment

EOS fell by 2.54% on Friday. Reversing a 1.05% gain from Thursday, EOS ended the day at $3.0074.A bullish start to the day saw EOS rally to a late morning intraday $3.2450 before hitting reverse.EOS broke through the first major resistance level at $3.1778 before sliding to a late afternoon intraday low $2.7496.EOS fell through the first major support level at $2.990 and the second major support level at $2.9101.
DailyHum News
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USD/JPY Weekly Price Forecast – US Dollar Neutral Against Japanese Yen for the Week
Investment

As you would expect during the Non-Farm Payroll week, the USD/JPY pair has been relatively sideways. At this point in time I think it is only a matter of waiting out the market before you get another selling opportunity. Yes, we formed a massive hammer from the previous week but that was almost all due to the Friday session closing out the end of the month. I think to the upside we could go to the ¥107.50 level, but at that point I am more than willing to start shorting this pair. After all, the Federal Reserve is doing everything it can to kill the US dollar, and they will succeed eventually.
DailyHum News
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33 American cities with the worst unemployment due to COVID-19
Investment

The decade since the end of the Great Recession in 2009 was one of historic economic growth in the United States. Over that period, the U.S. economy added about 20 million jobs and the unemployment rate hit its lowest level in decades. Then the COVID-19 pandemic hit, sending the economy into a new recession and cancelling out nearly all of the employment gains of the last 10 years in a matter of months.The unemployment rate in the United States stood at 11.1% as of June. While this is a marked improvement from the 14.7% jobless rate in April, it is still higher than at any time in at least the last 70 years. In some U.S. cities – many of which are major economic hubs – the unemployment crisis is far worse than it is nationwide. 
DailyHum News
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Privacy Group Slams California Bill That Would Put Health Records on the Blockchain
Investment

Major digital rights group the Electronic Frontier Foundation (EFF) has said a proposed law that would put medical records on the blockchain would be a major privacy breach.See also: ‘Careless’ Users Are Ruining Ethereum’s Privacy: Paper
DailyHum News
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GBP/USD Weekly Price Forecast – The British Pound Pulls Back from Major Level
Investment

The British pound has been volatile during the week as per usual, but it looks like it may be running out of steam. This is not a huge surprise considering the impulsive candlestick that we had during the previous week, and the fact that the 200 week EMA is sitting at the top of the candlestick. A pullback from here would make some sense, at least in order to offer some type of value the people can take advantage of. This is most certainly an area where we could run into some type of trouble, but I think that the pullback will not fall any further than the 1.2750 level or so.
DailyHum News
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Market Wrap: Bitcoin Dips to $11.5K; Cardano Is Making a Big DeFi Move
Investment

Bitcoin’s price is trending down and an Ethereum competitor is entering the DeFi race this weekend.Bitcoin’s price was able to rally to as high as $11,917 Friday before losing momentum, falling back into the $11,500 range. “Over the past day, bitcoin tested the level of $11,900 but it did not succeed, and BTC slipped,” said Constantine Kogan, partner at crypto fund of funds BitBull Capital.
DailyHum News
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Riot Blockchain Ends Week Up 29%, Hits 2020 High Ahead of Q2 Earnings Report
Investment

Riot Blockchain, one of the few publicly traded bitcoin mining companies in the U.S., closed trading Friday with its second largest weekly gain since April 2019 ahead of the firm’s Q2 earnings release next week. The gain marks a continuation of the stock’s rally that started mid March after the market’s crash.
DailyHum News
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Blockchain Bites: Goldman’s Hire, Ether’s Options, Bitcoin’s Patronage
Investment

The Federal Reserve is rushing ahead with its payments platform, Russia’s largest bank is going in on blockchain and so is Goldman Sachs.You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here.Fed Now! The Federal Reserve is working to get its FedNow payments platform up and running. Board Governor Lael Brainard said the U.S. central bank will debut its instant payment service “as soon as practically possible,” in 2023 or 2024. FedNow is being developed in response to private-sector, real-time, gross settlement initiatives. “By creating that neutral platform, banks in partnership with these other companies will be able to offer much more innovation services, services that we may not even be imagining,” Brainard said.
DailyHum News
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The Crypto Daily – Movers and Shakers – August 8th, 2020
Investment

Bitcoin, BTC to USD, fell by 1.52% on Friday. Reversing a 0.20% gain from Thursday, Bitcoin ended the day at $11,580.0.It was a mixed start to the day. Bitcoin rose to an early morning intraday high $11,900 before hitting reverse.Falling short of the first major resistance level at $11,914, Bitcoin slid to a late afternoon intraday low $11,326.Bitcoin fell through the first major support level at $11,581 and the second major support level at $11,402.
DailyHum News
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Stocks making the biggest moves midday: FedEx, T-Mobile, Uber & more
Investment

Check out the companies making headlines in midday trading. T-Mobile — Shares of the wireless provider surged more than 8% to a new 52-week high on Friday following its better-than-expected quarterly earnings. T-Mobile earned 9 cents on revenue of $17.67 billion, compared to estimates of 7 cents on revenue of $17.61 billion, according to Refinitiv.Groupon — Shares of  Groupon soared more than 43%, on pace for its best day ever back to its IPO in 2011. The surge came after the online marketplace reported a narrower-than-expected second-quarter loss and revenue that was more than double analyst estimates. Groupon posted a loss of 93 cents per share on revenue of $396 million. Analysts estimated a loss per share of $2.75 on revenue of $183 million, according to FactSet.
DailyHum News
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US sanctions Hong Kong chief Carrie Lam
Investment

WASHINGTON – The U.S. imposed a fresh round of sanctions on Hong Kong's chief executive Carrie Lam along with 10 other top officials over Beijing's sweeping national security law aimed at curbing Hong Kong's autonomy, Treasury Secretary Steve Mnuchin announced Friday."Today, the Department of the Treasury imposed sanctions on 11 individuals for undermining Hong Kong’s autonomy and restricting the freedom of expression or assembly of the citizens of Hong Kong," Mnuchin said in a statement. The sanctions come hours after the president issued two executive orders aimed at banning U.S. transactions with two Chinese-owned apps, TikTok and WeChat, in 45 days over national security concerns. 
DailyHum News
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Publix, Giant Eagle added to stores recalling onions
Investment

Publix and Giant Eagle stores have joined the recall of onions linked to a salmonella outbreak, which has now led to illnesses in 43 states.The Food & Drug Administration updated its investigation Friday detailing that Publix Super Markets recalled red onions sold in six states and Giant Eagle stores recalled red, yellow and white onions sold in five states.Thomson International of Bakersfield, California, last week recalled all red, white, yellow and sweet yellow onions shipped to all 50 states and the District of Columbia from May 1-Aug. 1 out of concern they might be affected, the FDA says.The onion recall came as health officials announced they were investigating a salmonella outbreak tied to red onions, which at that time had caused nearly 400 cases in 34 states in July. The U.S. Department of Agriculture and Centers for Disease Control and Prevention are also investigating.
DailyHum News
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'Batman' studio working on 'Suicide Squad' video game
Investment

We now know the next project from the studio behind the stellar series of 'Batman Arkham' video games.On Friday, Rocksteady Studios posted a tweet teasing a video game based on the DC property Suicide Squad. "Target locked," reads the tweet, along with the date Aug. 22, timed to the virtual fan event DC Fandome. The tweet also shows an image of Superman with his back turned, and a Suicide Squad logo resembling a target on the back of his head.Rocksteady is best known for its work on The Dark Knight, with the 2009 launch of "Batman: Arkham Asylum." The superhero game was lauded by critics and video game fans, and prompted the launch of several follow-ups, including 2011 sequel "Batman: Arkham City" and 2015's "Batman: Arkham Knight."
DailyHum News
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What is WeChat, the app Trump wants to ban?
Investment

In China, western media is not allowed, hence users cannot access the world's most popular free chat application, Facebook-owned WhatsApp, to make free calls and texts.One local app, however, dominates: WeChat, owned by Tencent Technology, which has its hands in many U.S. companies, including Snap, Tesla, Activision Blizzard, Reddit and Epic Games, which publishes the mega-smash Fortnite.  Additionally, it owns a portion of Sweden-based Spotify and all of Riot Games, home of the League of Legends game.President Donald Trump on Thursday signed an executive order banning the use of WeChat in the United States, a ban that would extend to Apple and Google offering downloads in their app stores.He also signed a separate order banning the Chinese app TikTok, which is owned by ByteDance. Both are to go into effect by mid-September. ByteDance is negotiating with Microsoft to sell its US based operations, which would allow the millions of young people who love TikTok to keep on using it.
DailyHum News
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Bittrex and Poloniex Move for Summary Judgment in Market Manipulation Case
Investment

Attorneys representing cryptocurrency exchanges Bittrex and Poloniex notified Judge Failla of the Southern District of New York Friday of their intention to move for summary judgment in a class action case that alleges they, along with Tether and Bitfinex, were involved in fraud and market manipulation, according to court filings.
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