News From ZeroHedge
California’s New Minimum Wage: A Cure That Exacerbates The Sickness
ZeroHedge - Apr 26th 2024 9:40pm EDTCalifornia’s New Minimum Wage: A Cure That Exacerbates The Sickness Via SchiffGold.com, The solution to a problem shouldn’t make the problem worse. But apparently, California’s policy makers missed that memo. On April 1st, the state instituted a $20 minimum wage for fast food workers, the highest in the US. With California’s absurdly high cost of living, the policy appeared to make life more […]
Pentagon Chief Trolls Iran On Effectiveness Of Weapons After Israel Attack
ZeroHedge - Apr 26th 2024 9:20pm EDTPentagon Chief Trolls Iran On Effectiveness Of Weapons After Israel Attack US Defense Secretary Lloyd Austin on Friday weighed in on the April 13 Iranian attack on Israel, which was the Islamic Republic’s first-ever direct attack on the Jewish state. It included some 300 drones and missiles launched at Israel – the vast majority of […]
Immunity For Me But Not For Thee
ZeroHedge - Apr 26th 2024 8:20pm EDTImmunity For Me But Not For Thee Authored by William Woodruff via The Epoch Times (emphasis ours), Whether Presidential Immunity is a Good Thing or a Bad Thing Shouldn’t Depend Upon Party Affiliation “Whether and if so to what extent does a former President enjoy presidential immunity from criminal prosecution for conduct alleged to involve […]
Why You Can’t Afford Most Hotels In New York City
ZeroHedge - Apr 26th 2024 7:40pm EDTWhy You Can’t Afford Most Hotels In New York City Authored by Fred Roeder via RealClearMarkets, On a Friday night in March 2011, I stayed at an upscale W Hotel on Lexington Avenue in New York City for $124. That hotel later became The Maxwell, but sadly it didn’t survive the pandemic and is now permanently closed. […]
Mainstream Media Misrepresenting Crime Statistics In Order To Protect Biden
ZeroHedge - Apr 26th 2024 7:15pm EDTMainstream Media Misrepresenting Crime Statistics In Order To Protect Biden Authored by Eric Lundrum via American Greatness, With the November election less than 7 months away, mainstream media outlets are now choosing to misrepresent the current state of crime in the United States, claiming that crime is declining without providing full context or key details. […]
Bank Failures Begin Again: Philly’s Republic First Seized By FDIC
ZeroHedge - Apr 26th 2024 6:45pm EDTBank Failures Begin Again: Philly’s Republic First Seized By FDIC Who could have seen that coming? (here, here, here, and most detailed here) March will be lit: 1. Reverse repo ends 2. BTFP expires 3. Fed cuts (allegedly) 4. QT ends (allegedly) — zerohedge (@zerohedge) January 8, 2024 Admittedly, we were a couple of weeks […]
Biden Holds Off On Sanctioning IDF Unit In Apparent Reversal
ZeroHedge - Apr 26th 2024 6:20pm EDTBiden Holds Off On Sanctioning IDF Unit In Apparent Reversal Via The Cradle The government of US President Joe Biden has decided against imposing sanctions on Israeli army units responsible for human rights violations against Palestinians, despite initial plans to do so. ABC News reported on Friday that a government assessment determined that three battalions in […]
UK Navy Reports Two Vessels Attacked In Red Sea, One Damaged
ZeroHedge - Apr 26th 2024 6:00pm EDTUK Navy Reports Two Vessels Attacked In Red Sea, One Damaged Yemen’s Iran-backed Houthi rebels may have launched attacks on two vessels transiting southwest of Mukha, a port city on the highly contested southern Red Sea. Bloomberg says the UK Navy has confirmed two attacks on vessels in a series of headlines hitting the Terminal around 1400 ET. UK […]
Emergency-O-Rama…
ZeroHedge - Apr 26th 2024 5:40pm EDTEmergency-O-Rama… Authored by James Howard Kunstler via Kunstler.com, “We’ll certainly never forget the dark days of June 6… January 6th, excuse me.” – President “Joe Biden” The plum blossoms are ready to pop here. You can feel your blood rising. The evening sun lingers a little longer every day. Normally you’d celebrate, but not this […]
“The Yen Collapse Has Become Disorderly”: Look For A Final, Sharp Decline Before It Hits A Floor
ZeroHedge - Apr 26th 2024 4:40pm EDT“The Yen Collapse Has Become Disorderly”: Look For A Final, Sharp Decline Before It Hits A Floor The BOJ came, issued the shortest statement in the history of central banks… … and left, leaving traders stunned and speechless at the sheer idiocy of the world’s most clownish central bank, which has decided to invite currency […]
NYPD Warns Anti-Israel Protesters A ‘Seattle-Style’ Occupation Zone Won’t Be Tolerated
ZeroHedge - Apr 26th 2024 4:20pm EDTNYPD Warns Anti-Israel Protesters A ‘Seattle-Style’ Occupation Zone Won’t Be Tolerated Authored by Patricia Tolson via The Epoch Times, As protests escalate across college and university campuses in the United States, a New York Police Department (NYPD) official vowed that a “Seattle-style” occupation zone will not be tolerated on the streets of New York City. […]
Micro Trumps Macro As Stocks Shrug Off Week Of Higher Inflation, Higher Rates, & Lower Growth
ZeroHedge - Apr 26th 2024 4:00pm EDTMicro Trumps Macro As Stocks Shrug Off Week Of Higher Inflation, Higher Rates, & Lower Growth It was an ugly macro week… Source: Bloomberg …and worse still, ‘growth’ surprises disappointed significantly while ‘inflation’ surprises surprised to the upside significantly… Source: Bloomberg Soaring inflation expectations sent rate-cut expectations to new cycle lows… Source: Bloomberg …pushing yields […]
Trump Responds To Main ‘Hush Money’ Trial Witness’s Claims
ZeroHedge - Apr 26th 2024 3:40pm EDTTrump Responds To Main ‘Hush Money’ Trial Witness’s Claims Authored by Jack Phillips via The Epoch Times, Former President Donald Trump praised the first witness in his New York City “hush money” trial, former National Enquirer publisher David Pecker, as he is scheduled to deliver more testimony in the case on Friday. “He’s been very […]
Port Of Baltimore Partially Reopens, Allowing Trapped Cargo Ships To Exit
ZeroHedge - Apr 26th 2024 2:25pm EDTPort Of Baltimore Partially Reopens, Allowing Trapped Cargo Ships To Exit Officials at the Port of Baltimore opened a fourth, 35-foot deep, temporary channel through the collapsed Francis Scott Key Bridge, allowing cargo ships trapped at the port to exit. According to Bloomberg‘s ship tracking data, four of seven ships trapped at the port navigated the new temporary […]
US State Department Arabic Spokesperson Resigns Over Biden’s Gaza Policy
ZeroHedge - Apr 26th 2024 2:05pm EDTUS State Department Arabic Spokesperson Resigns Over Biden’s Gaza Policy Via Middle East Eye The Arabic language spokesperson of the US State Department has resigned over Washington’s Gaza war policy, in the third senior level resignation from the department since the war began. Hala Rharrit, a Palestinian-American, posted her resignation on the LinkedIn social media site, stating: “I resigned April 2024 after 18 […]
IDF Shelling Hammers Rafah As Egypt Sends Top Intel Official To Avert Ground Offensive
ZeroHedge - Apr 26th 2024 1:45pm EDTIDF Shelling Hammers Rafah As Egypt Sends Top Intel Official To Avert Ground Offensive Egypt is attempting a last ditch effort to reach a ceasefire between Hamas and Israel at a moment IDF shelling of Rafah has intensified, in what are seen as ‘softening’ operations ahead of an imminent ground offensive, despite international calls to […]
These States Are Making It Illegal For Illegal Immigrants To Enter
ZeroHedge - Apr 26th 2024 12:45pm EDTThese States Are Making It Illegal For Illegal Immigrants To Enter Authored by Darlene McCormick Sanchez via The Epoch Times (emphasis ours), Conservative states across the country—Florida, Iowa, Louisiana, Tennessee, Georgia, and Oklahoma—are taking border security matters into their own hands, proposing or passing legislation targeting illegal immigration. (Illustration by The Epoch Times, Shutterstock, Getty […]
20% Of Retail Milk Samples Positive For Bird Flu: FDA
ZeroHedge - Apr 26th 2024 12:05pm EDT20% Of Retail Milk Samples Positive For Bird Flu: FDA Authored by Zachary Stieber via The Epoch Times (emphasis ours), One in five samples of milk from grocery store shelves tested positive for the highly pathogenic avian influenza, the U.S. Food and Drug Administration (FDA) announced late April 25. A dairy cow at a dairy […]
Exxon Tumbles On One-Time EPS Charges Despite Surge In Cash Flow, Buyback Boost
ZeroHedge - Apr 26th 2024 11:45am EDTExxon Tumbles On One-Time EPS Charges Despite Surge In Cash Flow, Buyback Boost With oil prices enjoying a powerful renaissance in recent months amid mounting supply concerns, declining inventory and the growing possibility that China’s economy may finally kickstart, energy giants such as Exxon and Chevron had enjoyed a similar rebound in their stock price, […]
Retail Sales Data Suggests A Strong Consumer Or Does It
ZeroHedge - Apr 26th 2024 11:05am EDTRetail Sales Data Suggests A Strong Consumer Or Does It Authored by Lance Roberts via RealInvestmentAdvice.com, The latest retail sales data suggests a robust consumer, leading economists to become even more optimistic about more robust economic growth this year. To wit: “It has been two years since forecasters felt this good about the economic outlook. In […]
JPY Plunges To Fresh 34-Year-Lows After BoJ Does Nothing… Again
ZeroHedge - Apr 26th 2024 10:50am EDTJPY Plunges To Fresh 34-Year-Lows After BoJ Does Nothing… Again Having already lost more than 10% of its value versus the US dollar this year, the yen plunged further overnight after Bank of Japan Governor Kazuo Ueda indicated monetary policy will stay easy as he kept rates unchanged and showed little to no support for the embattled […]
Yuan Devaluation Fever Heats Up As China Stockpiles Metals
ZeroHedge - Apr 26th 2024 10:35am EDTYuan Devaluation Fever Heats Up As China Stockpiles Metals Authored by Simon White, Bloomberg macro strategist, Gold trading in China has exploded and stocks of copper have risen sharply prompting speculation that policymakers are on the brink of a yuan devaluation. Even though it’s still a tail-risk, it’s one requiring greater vigilance as the economy becomes […]
George Soros Paying Student Agitators To Whip Up Anti-Israel Protests
ZeroHedge - Apr 26th 2024 10:15am EDTGeorge Soros Paying Student Agitators To Whip Up Anti-Israel Protests George Soros and his far-left movement is paying student agitators to co-opt and amplify anti-Israel protests at colleges across the country, the NY Post reports. The protests, which began at Columbia University, have expanded nationwide – with copycat tent cities erected at colleges including Harvard, […]
UMich Inflation Expectations Accelerated In April To 2024 Highs
ZeroHedge - Apr 26th 2024 10:09am EDTUMich Inflation Expectations Accelerated In April To 2024 Highs Short-term inflation expectations rose… again… according to the latest UMich sentiment survey with 1-year expectations at 3.2% final, up from preliminary 3.1% for April, and 2.9% for March. This is the highest level since Nov 2023… Source: Bloomberg The headline sentiment also declined in April from […]
Why Are There So Many Americans That Can’t Find A Job Even Though They Are Desperate To Be Hired?
ZeroHedge - Apr 26th 2024 9:50am EDTWhy Are There So Many Americans That Can’t Find A Job Even Though They Are Desperate To Be Hired? Authored by Michael Snyder via The Economic Collapse blog, According to the absurd numbers that the government feeds us, the unemployment rate is very low and there are lots of jobs available. But if what they are telling […]