U.S. Casinos Post Best Quarter Ever. Here’s How to Play This Trend

Nov 11, 2021

According to the American Gaming Association, U.S. commercial casinos pulled in about $14 billion in the third quarter of 2021. So let’s dive into what’s driving this impressive recovery and how investors should trade it moving forward.

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Uber is Giving Up Self-Driving Cars (and Flying Ones, Too)

Dec 09, 2020

For Travis Kalanick, the prior CEO of Uber, self-driving cars were an inevitable destiny. For Dara Khosrowshahi, Uber’s current CEO, they are an expensive distraction to get rid of. Uber has a five-year-old self-driving car unit known as Advanced Technologies Group (ATG). The unit has roughly 1,200 employees, many of them in Pittsburgh, Pennsylvania (a self-driving mecca due to the…

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Under Janet Yellen, the U.S. Treasury Will Usher in a New Era of Modern Monetary Theory (MMT)

Dec 01, 2020

On Nov. 20 we said the next U.S. Treasury Secretary would be pro-MMT, meaning, they would be a de facto believer in, and wielder of, Modern Monetary Theory. And so it comes to pass. Janet Yellen, the incoming Biden administration’s pick for U.S. Treasury Secretary, is probably the most technocratically skilled and ideologically suited person on the planet for bringing…

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Unpacking The Drama at Alibaba

Oct 20, 2021

Even though certain institutional investors around the globe are scooping up the stock, it might be a value trap — at least for now. I want to dive back into the challenges facing Alibaba as we move deeper into the earnings season.

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Unsettling News from L.A. to Sweden (and Japan to Singapore)

Apr 22, 2020

It’s possible that more than 400,000 people in Los Angeles county (population 10.1 million) have already contracted COVID-19. The estimate comes from a new study conducted jointly by the University of Southern California (USC) and the LA Department of Public Health. The study conducted antibody testing on 863 people, with results pointing to a 4.1% infection rate. The data matches…

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