Major League Baseball opening day 2020 has come and gone and it doesn't look like players will be hitting the diamond any time soon due to the coronavirus (COVID-19) outbreak. However, players are still getting paid under the terms of a new deal between MLB and the players association. Without any games to play, some players may attempt to follow in the footsteps of one of baseball's greatest legends and put that money to work in the stock market.Despite his notoriously controversial personality, Detroit Tiger legend Ty Cobb holds the highest career batting average of any player in MLB history at .366. In 24 seasons (22 with the Tigers) Cobb amassed 4,189 hits, scored 2,245 runs and stole 897 bases. Cobb won 11 batting titles, one MVP award and was one of only five players that were inaugural members of the Baseball Hall Of Fame in 1936.When he retired in 1928,...
Canadian investment bank RBC has been taking the temperature of institutional investors, and the results are fascinating – and, perhaps, illuminating. The analysts start by pointing out the obvious, “We view capitulation as a necessary, though not sufficient, condition for stock market bottoms in major drawdowns,” but go on to note that a “surprisingly high level of bullishness supports our own view that we haven’t yet seen investor capitulation.” So, investors are looking to buy – and that sentiment has the potential to turn a mild stock rally into something larger. In a climate of heightened risk, investors should remember an old Wall Street saw: Bulls and bears make money, while the pigs get slaughtered. Money can be made whether markets rise or fall – the key is not to get greedy. Today’s market climate of heightened risk, should naturally draw investors toward dividend stocks. A modest rally in a bear...
Popular video-conferencing company Zoom Video Communications (ZM) admitted that it had “mistakenly” allowed calls to flow through China, adding to a number of mis-steps raising doubt on the security of the platform.Zoom said in a statement on Friday that certain meetings held by its non-Chinese users may have been “allowed to connect to systems in China, where they should not have been able to connect”.“In February, Zoom rapidly added capacity to our Chinese region to handle a massive increase in demand,” said Zoom CEO Eric S. Yuan. “In our haste, we mistakenly added our two Chinese datacenters to a lengthy whitelist of backup bridges, potentially enabling non-Chinese clients to connect to them.”The Silicon Valley-based company said it had since fixed the issue, explaining that the mistake occurred only “under extremely limited circumstances” and that government users were not affected.The video-conferencing platform has been coping with increased traffic, as millions of users...
Oil dependent cities like Calgary, Houston and Stavanger are struggling as oil prices see record lows but they face a deeper crisis as the coronavirus pandemic halts oil production....
