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Hey there, Bullets Fans –
Your Morning Bullets Brief Updates are here! And that means trivia is, too.
Who offered this piece of investing advice?
“If you don’t study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.”
Think you know the answer? You can check it in the closing area down below!
Image Source: CNBC
Airline stocks had been soaring before a sell-off earlier this week tempered some of those gains. Still, the chief market strategist for Miller Tabak says that airline stocks are overbought right now.
“It’s getting the most overbought since 2016,” he said of airline stocks. “You’re starting to hear more concerns about the variants of the [virus] that may prolong this shutdown. If that takes place, then you’re really going to see these stocks come down even harder. But either way, they’re very overbought and I just think you want to avoid chasing them right now and rather look to buy them if they come back. But I think they’re going to have to come back quite a bit because they’re just so overbought on a technical basis.”
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This is everything you need to know about our current currency revolution
Image Source: AP Photo
If you, like me, have been feeling apprehensive about posting on social media lately, you’re not alone. The Big Tech tyrants have arbitrarily censored content on their platforms, meaning that most prominent conservative voices have been silenced in recent weeks.
But a group of Republican senators are looking to change that with a new piece of legislation they are calling the PROMISE act (which you can read in full, here).
The acronym stands for “Promoting Responsibility Over Moderation In the Social-media Environment Act” and lays out a framework for Big Tech companies to be unbiased in their moderation of content.
Any platform that does not abide by the rules laid out in the bill would be subject to Federal Trade Commission penalties.
“The billionaires who own our nation’s Big Tech companies have every right to be partisan political actors,” said Senator Mike Lee, who is one of the lawmakers who introduced the legislation. “They do not have the right to tell consumers that they will provide unbiased platforms, and then use those same platforms to discriminate against Americans with opposing religious, philosophical, or political viewpoints.”
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