Buck Bully
[CNN] A man in Miami, Florida, has been charged with bank fraud for allegedly lying on PPP loan applications and spending the money on luxury items such as a Lamborghini Huracán EVO, federal authorities say. Funds from the $521 billion Paycheck Protection Program are destined for small businesses so that […]
[ESPN, GETTY IMAGES] Patrick Mahomes, the star quarterback of the Kansas City Chiefs and reigning Super Bowl MVP, has become a member of the new ownership group of the Kansas City Royals. The Royals announced Mahomes’ partial ownership Tuesday, noting that he “spent a lot of time in clubhouses as a kid.” “He […]
[Bleacher Report, AP] The “vast majority” of Washington Nationals players reportedly voted against going to Miami this weekend for a three-game series against the Miami Marlins, according to Ken Rosenthal of The Athletic. Rosenthal noted that Major League Baseball will decide whether the games will be played or postponed. Per Chris Bumbaca and Bob Nightengale of USA Today, […]
[Barrons, Bloomberg] The dollar has been weakening in recent months and currency strategists see more declines ahead. That could call for a different playbook for investors, including more foreign holdings. In a note to clients on Monday, Goldman Sachs ’s currency strategists forecast a 5% weaker dollar in trade-weighted terms during the next […]
[CNBC, AP] On Friday, Trump signed four executive orders designed to bring U.S. drug prices at least on par with their costs overseas. Trump has made lowering drug costs one of his key health-care issues early in his term. The comment by Bourla came after the company reported better-than-expected second-quarter earnings and raised […]
[The Independent] ‘This should be the poster child in why people should take responsibility,’ says infectious disease expert John Swartzberg A couple who insisted on having 100 guests for their wedding have contracted coronavirus, alongside eight of their friends. The wedding, that took place in early July, was held at the SS Peter […]
[Bloomberg] Recommends investors keep buying gold, boosting forecasts U.S. policy is triggering greenback ‘debasement fears’ Goldman Sachs Group Inc. put a spotlight on the suddenly growing concern over inflation in the U.S. by issuing a bold warning Tuesday that the dollar is in danger of losing its status as the […]
[NBC NEWS, AP] “No country is in red zone,” Enric Alvarez of the Polytechnic University of Catalonia said. “But lots are in the yellow zone.” BARCELONA, Spain — A resurgence of coronavirus cases in Spain and beyond have people questioning if Europe, which has already been traumatized by more than 181,000 deaths […]
[NPR, AP] In uncertain economic times, investors tend to put their money in gold. So it’s perhaps little surprise that gold prices started to rise at the beginning of the year as the coronavirus started spreading in China and Europe and investors feared a global economic downturn. Gold prices have […]
[Forbes, Getty Images] Bitcoin, after a prolonged period of stability, has suddenly leaped higher—jumping over the closely-watched $10,000 per bitcoin level for the first time since June and surging toward $12,000. The bitcoin price has added some 20% over the last seven days, hitting highs of $11,420 on the Luxembourg-based Bitstamp […]