Category: Blog
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Pentagon cancels JEDI contract with Microsoft
I don’t know what to make of this news yet. Certainly disappointing for Microsoft. Pentagon officials on Tuesday canceled the JEDI cloud-computing project—which has been mired in litigation from Amazon.com Inc. and criticism from lawmakers—and said it would start anew with a revised cloud project. “The Department [of Defense] has determined that, due to evolving requirements, increased cloud…
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Oil prices shaky amid OPEC indecision
OPEC hasn’t agreed to increase production which is keeping the price of oil elevated. Crude prices have advanced almost 60% this year, a surge powered by a revival in consumption of fossil fuels as vaccines roll out and major economies unlock. The Organization of the Petroleum Exporting Countries and its allies, led by Russia, have…
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Self-storage REITs outpace other REIT sectors
The pandemic changed everything including where and how people live. For instance, I moved from Illinois to Georgia as thousands leave high tax states for low tax states. Public Storage and other self-storage REITs are booming as people need somewhere to store their stuff during uncertain times. “Self-storage thrives when people experience change, and Covid…
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Number of retail investors continue to climb
Retail investors are increasing in number and plowing more money into the markets. In June, so-called retail investors bought nearly $28 billion of stocks and exchange-traded funds on a net basis, according to data from Vanda Research’s VandaTrack, the highest monthly amount deployed since at least 2014. That even trumped the amount retail traders spent…
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The Yield – Week ending July 2, 2021
Cars selling above sticker price, Microsoft strikes a deal with AT&T, a good jobs report, investors may be overly optimistic, and more!
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Verizon vows to support low cost wireless service
Verizon wants to buy Tracfone. In order to gain favor to get the approval they are vowing to continue to support low cost wireless service for at least three years. Verizon Communications Inc. told federal regulators it would keep supporting low-cost wireless service for three years if it is allowed to buy TracFone, a sign of…