Billionaire Warns of Economic Collapse! – Soundcloud Fired 40% Of Its Company! – Business News Today

Billionaire Says Economic Collapse Will Happen Soon! – Soundcloud Fired 40% Of Its Company! – Business News Today

Soundcloud announced that it is firing about 40% of its entire staff (173 jobs). Will this make them profitable? Their revenue stands at about $55 billion.

http://www.cnbc.com/2017/07/06/soundcloud-cuts-40-percent-of-staff.html

Google announced that it will be venturing into the Geothermal Energy Industry with a $2 million dollar investment. Can this be the next big form of renewable energy?

http://www.businessinsider.com/what-is-geothermal-energy-google-2017-7

The Job Reports came out today and surprised a ton of investors. Jobs gains were at 222 000 in June as Wall street had an estimated 175 000 gain. It blew away expectations. Unemployment rose slightly to 4.4% and average wages have grown 2.5% since last year.

https://www.forbes.com/sites/antoinegara/2017/07/07/u-s-economy-posts-strong-jobs-gains-in-june-keeping-fed-on-path-to-exit-crisis-era-playbook/#1a175d3b3d69

Ray Dalio, the Billionaire hedge fund investor, says market is near its peak buy he keep dancing but ‘close to the exit door’

http://www.cnbc.com/2017/07/06/dalio-central-bank-easy-money-era.html

Amazon almost didn’t buy whole foods

http://www.cnbc.com/2017/07/07/deal-drama-amazon-whole-foods.html

Andre Roberson tip

http://www.tmz.com/2017/07/06/okc-thunder-star-andre-roberson-bar-tab-30-million-extension/

Stock Market Winners:

D R Horton inc
google
netlfix
amazon
nvidia
texas instruments

Losers:

costco
Samsung, even though expectations are up

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