Mad Times FinancialYour World...Your Money...Your NewsJanuary 2022

Stocks Plunge at Open Amid Continued Rate Pressure; Dow Sheds 500 Points

January 18, 2022 RickMad Comments Off

Yahoo.com: U.S. stocks fell sharply Tuesday morning as investors geared up for a holiday-shortened week rife with quarterly earnings reports from companies across all three major indexes. The Dow Jones Industrial Average plunged more than […]

Microsoft to Buy Activision in $68.7 Billion All-Cash Deal

January 18, 2022 RickMad Comments Off

CNBC.com: Microsoft will buy video game giant Activision Blizzard in a $68.7 billion all-cash deal. Activision makes popular game franchises such as Call of Duty. Activision has been mired in controversy in recent months due […]

The World’s Richest 10 Men Doubled Their Fortunes To $1.5 Trillion During The Pandemic, Says Oxfam

January 17, 2022 RickMad Comments Off

MarketWatch.com: The world’s top ten billionaires increased their wealth by $1.3 billion a day, or $15,000 a second, during the global pandemic. That’s according to a new report from global charity Oxfam International released on […]

The IRS Will Ask Every Taxpayer About Crypto Transactions This Tax Season — Here’s How To Report Them

January 13, 2022 RickMad Comments Off

MarketWatch.com: Your 2021 Form 1040 will include questions about cryptocurrency. Cryptocurrencies, also known as virtual currencies, have gone mainstream. That’s for sure. For example, you can use bitcoin BTCUSD, 0.46% to buy a Tesla TSLA, […]

Producer Prices Soared By 9.7% In December, Biggest Gain On Record

January 13, 2022 RickMad Comments Off

FoxBusiness.com: The producer price index measures inflation at the wholesale level before it reaches consumers. Wholesale prices rose at the fastest pace on record in December, the latest evidence that inflationary pressures are continuing to […]

Kim Kardashian and Floyd Mayweather Sued by Investors Over Alleged Crypto Scam

January 12, 2022 RickMad Comments Off

CNBC.com: A class action lawsuit accuses Kim Kardashian and Floyd Mayweather of artificially inflating the price of the cryptocurrency EthereumMax. The celebrities made “false or misleading statements” about the little-known token in social media posts, […]

Investing

5 Predictions For The Stock Market In 2022: Morning Brief

Yahoo.com: The markets enter the New Year in a great mood. Strategists are rocking 5,000-plus calls for year-end S&P 500 targets. What pandemic (said tongue-in-cheek)? Profit estimates by analysts remain [...]
Capitalism

Think Capitalism is Terrible? This Economist Says it’s Already Dead.

MSN.Com: In the not-too-distant past, many Marxist philosophers were weighed down by a shared despair. Capitalism, they feared, had become so totalizing, so all-consuming, that there was no longer any [...]
Credit and Debt

Americans Have A Frightening New Financial Problem – And It’s About To Get Worse

The Street.com: Many Americans could deplete their savings this fall, a study says. U.S. households are blowing through their pandemic-era savings, with many consumers’ accounts going bust in the third [...]
Jobs

Companies Need More Workers. Why Do They Reject Millions of Résumés?

WSJ.com: Companies are desperate to hire, and yet some workers still can’t seem to find jobs. Here may be one reason why: The software that sorts through applicants deletes millions [...]
Technology

The Best Assistive Technology for Dyslexics

Wired.com: MY DAUGHTER IS part of the 15–20 percent of students and adults living with a language-based learning disability. According to the International Dyslexia Association, these individuals have some or all of the symptoms [...]
Bitcoin

Bitcoin Price Regains Strength Above $41K, Crypto Market Cap Jumps 6% in 24 Hours

Bitcoin.com: Crypto assets have climbed in value during the last 24 hours as the price of bitcoin tapped a high on Friday, reaching $42,411 per unit at 8:00 p.m. (EDT). [...]