However, GameStop makes little money from those stores. In addition, Game Stop reported an operating income of $18 million and a net income of $6.8 million on May 5, 2019. Tellingly those numbers were down from $28.2 million and $45 million on 5 May 2018.
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An index-fund bubble could be catastrophic because a large percentage of the $7.85 trillion Americans held in individual retirement accounts (IRAs) in 2017 is being invested passively. In detail, Statista estimates there was $7.85 trillion in American IRAs in 2017.
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Under these circumstances, Amazon could buy both Macy’s and Kroger and still have nearly $20 billion in the bank. To explain, Mr. Market gave Macy’s a market capitalization of $4.61 billion on 26 August 2019. Plus Kroger had a Market cap of $18.46 billion on the same day.
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Brokers are famous for adding a bit of glamour to their marketing, so consider the old adage, “Believe nothing that you hear and only half of what you see.” You have a serious decision to make here. Can you believe what you’ve heard and read? If it rings true, move on to the other decisions awaiting you.
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Ominously, Powell admits he sees storm clouds on the horizon in the form of “weak global growth and trade tensions.” However, Powell and President Donald J. Trump’s (R-New York) real worry could be a sluggish real estate market.
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This could give Ford an advantage because it has street cred in Middle America; and middle Canada, unlike Tesla Motors (NASDAQ: TSLA) and the startup Rivian. Importantly, Ford demonstrates it has a working electric pickup, while Tesla’s “cyberpunk pickup” is still on the drawing board.
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Moreover, Netflix still had 60.1 million US subscribers and 6.56 million free trial customers in America. Consequently, Netflix is still America’s largest TV network. In contrast, America’s most popular broadcast television network CBS (NYSE: CBS) had 2.98 million viewers on 18 July 2019, Deadline estimates.
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Musk is betting that he can drive sales and profitability with a new chip that will give Tesla vehicles a full-self-driving (FSD) capability
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Meanwhile, WWE is burning cash at an alarming rate. The promotion reported a negative free cash flow -$10.08 million, a financing cash flow of $-11.57 million, and an investing cash flow of -$9.87.
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Consequently, America has fewer smaller businesses and more people. This leads to economic stagnation and decline; because small businesses employ 47.5% of America’s workforce, the Small Business Administration estimates.
Moreover, the lack of small businesses keeps wages low because there are fewer businesses competing for Americans’ labor. In fact, the Brookings Institute estimates the lifetime incomes of American men who entered the US labor force in 1983 are one fifth lower than those who started work in 1967.