News From ZeroHedge, Page 2362

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  • UBS, Nomura Fined $450 Million For Bond Cartel Chatroom Collusion

    ZeroHedge - May 20th 2021 3:16pm EDT

    UBS, Nomura Fined $450 Million For Bond Cartel Chatroom Collusion As if having clueless prime brokers who just cost them hundreds of millions in losses wasn’t enough, on Thursday morning Nomura and UBS, both of which were hammered by the Archegos implosion, were hit with another heft fine totaling 371 million euros ($452 million) by […]

  • Fed To Publish Report On US Digital Currency This Summer

    ZeroHedge - May 20th 2021 2:47pm EDT

    Fed To Publish Report On US Digital Currency This Summer In the immediate aftermath of the crypto crash, which made bitcoin and its peers the main talking point amid trading desks as well as the general public, with google searches for cryptocurrency hitting an all time high on Wednesday… .. at 2pm today Fed Chair […]

  • Dominion Responds After Pennsylvania Election Officials Report “Coding Error” With Voting Machines

    ZeroHedge - May 20th 2021 2:30pm EDT

    Dominion Responds After Pennsylvania Election Officials Report “Coding Error” With Voting Machines Authored by Jack Phillips via The Epoch Times (emphasis ours), Election officials in Luzerne County, Pennsylvania, reported issues with voting equipment at polling places on Tuesday, prompting a response from Dominion Voting Systems saying that there was a ballot screen error regarding the […]

  • Repo Crisis Looms: Fed’s Reverse Repo Usage Soars To $351BN, Fifth Highest Ever

    ZeroHedge - May 20th 2021 2:10pm EDT

    Repo Crisis Looms: Fed’s Reverse Repo Usage Soars To $351BN, Fifth Highest Ever As expected, today’s overnight reverse repo facility usage soared above $300 billion, surging $57BN from $293BN on Wednesday to a whopping $351BN as 48 counterparties parked their reserves with the Fed in exchange for a 0.000% rate. The surge in usage pushed […]

  • Morgan Stanley Taps 4 White Men As Candidates To Succeed James Gorman As CEO

    ZeroHedge - May 20th 2021 1:52pm EDT

    Morgan Stanley Taps 4 White Men As Candidates To Succeed James Gorman As CEO In a move apparently engineered to preempt shareholder concerns in the wake of JPM’s succession-planning-oriented shakeup (CEO Jamie Dimon has said he won’t retire for at least another five years, though he had a heart attack during the COVID crisis last […]

  • The US Is Not Ready For An All-Electric Future

    ZeroHedge - May 20th 2021 1:30pm EDT

    The US Is Not Ready For An All-Electric Future Authored by Tsvetana Paraskova via OilPrice.com, The setting of a net-zero target by the Biden Administration was the first step toward decarbonization of the energy system and industry. But having a target is the easiest part of America’s energy transition. Now comes the much more difficult […]

  • Post Op-Ex Market Melt-Up: “Everyone Has Crash Down Risk Protection, Nobody Has Crash Up”

    ZeroHedge - May 20th 2021 1:09pm EDT

    Post Op-Ex Market Melt-Up: “Everyone Has Crash Down Risk Protection, Nobody Has Crash Up” As discussed earlier, a quick look at the “gamma tilt” in markets, suggests that there is more downside risk than upside ahead of tomorrow’s sizable op-ex, which sees roughly 30% of dealer Gamma drop-off in SPX / SPY consolidated options, but […]

  • The DOGE Joke Isn’t Funny Anymore

    ZeroHedge - May 20th 2021 12:50pm EDT

    The DOGE Joke Isn’t Funny Anymore Authored by Mark Jeftovic via easyDNS.com, easyDNS Dropping DOGE Payments We’ve been proponents of the crypto-economy for a long time, from being the first ICANN registrar to accept Bitcoin as a payment, the first DNS provider to enable Ethereum Name Service (ENS) linking to .xyz domains, and we were keeping Bitcoin on our […]

  • Bitcoin Tumbles After Treasury Calls For Reporting Large Crypto Transfers To IRS

    ZeroHedge - May 20th 2021 12:12pm EDT

    Bitcoin Tumbles After Treasury Calls For Reporting Large Crypto Transfers To IRS Just a month after Treasury Secretary Janet Yellen’s complete fearmongering lie about Crypto being used largely for illicit finance (which has been overwhelmingly proven false, especially relative to dollars)… Percentage of Illicit Activity Using Bitcoin (2012-2020) The Treasury has just announced a new […]

  • “Slow Night In Reykjavik”: Blinken Gets Chummy With Lavrov In ‘Good Vibes’ Meeting, MSM Yawns

    ZeroHedge - May 20th 2021 11:55am EDT

    “Slow Night In Reykjavik”: Blinken Gets Chummy With Lavrov In ‘Good Vibes’ Meeting, MSM Yawns Things were polite and even at times chummy during the first high-level talks between the United States and Russia on the sidelines of the Arctic Council meeting in Iceland where Russian Foreign Minister Sergey Lavrov and US Secretary of State Antony […]

  • Why Stratospheric Container Rates Could Rocket Even Higher

    ZeroHedge - May 20th 2021 11:35am EDT

    Why Stratospheric Container Rates Could Rocket Even Higher By Greg Miller of Freight Waves, Spot ocean container rates are up triple digits year on year, ergo they must be near their peak. They’re so high they don’t have much more room to run. So goes a common belief in the container market, despite the fact […]

  • ‘Gamma Tilt’ Suggests More Downside In Stocks As “Bigly” Op-Ex Looms

    ZeroHedge - May 20th 2021 11:15am EDT

    ‘Gamma Tilt’ Suggests More Downside In Stocks As “Bigly” Op-Ex Looms Nomura’s Charlie McElligott summarized things heading into the weekend perfectly for traders: “Op-Ex tomorow matters ‘bigly’ for Equities.“ Critically, he explains, there remains likelihood of continued “chase-y” moves in both directions on dealer delta hedging due to the magnitude of the positioning out there: Latest […]

  • If Everything Is Going To Be Just Fine, Why Do The Shortages Just Keep Getting Worse?

    ZeroHedge - May 20th 2021 10:55am EDT

    If Everything Is Going To Be Just Fine, Why Do The Shortages Just Keep Getting Worse? Authored by Michael Snyder via The Economic Collapse blog, They keep telling us that economic conditions are improving, but if that is true why are the shortages worse than ever?  For a moment, I would like to take you […]

  • Netanyahu Says “Conquering” Gaza An Option As Touted ‘Imminent’ Ceasefire In Doubt

    ZeroHedge - May 20th 2021 10:34am EDT

    Netanyahu Says “Conquering” Gaza An Option As Touted ‘Imminent’ Ceasefire In Doubt On the very day that Biden phoned Israeli Prime Minister Benjamin Netanyahu to urge de-escalation in Gaza, which the US President said would set the stage for a ceasefire with Hamas, the Israeli leader told a group of foreign ambassadors that the only solution might […]

  • UNC Rescinds Tenured Professorship For 1619 Project Founder

    ZeroHedge - May 20th 2021 10:22am EDT

    UNC Rescinds Tenured Professorship For 1619 Project Founder Authored by Jonathan Turley, We previously discussed the controversy over the decision of the University of North Carolina’s Hussman School of Journalism and Media to make Nikole Hannah-Jones a chaired professor. Hannah-Jones was made the offer despite leading academics challenging the historical account in her 1619 Project as deeply […]

  • After Being Declared ‘Dead’ For the 414th Time, Crypto Markets Are Roaring Back

    ZeroHedge - May 20th 2021 10:00am EDT

    After Being Declared ‘Dead’ For the 414th Time, Crypto Markets Are Roaring Back The ripples created by the cryptocurrency market crash which saw $1.1 trillion eviscerate from the global market cap in a matter of days continued to reverberate on Wednesday, as a majority of coins experienced notable rebounds. Optimism on #Bitcoin plunged to one […]

  • European Parliament Votes To Suspend Talks For Turkey To Join EU

    ZeroHedge - May 20th 2021 9:45am EDT

    European Parliament Votes To Suspend Talks For Turkey To Join EU As the diplomatic relationship between Turkey and its fellow NATO members has grown more strained, European leaders like Mario Draghi (the prime minister of Italy) have denounced Turkish President Recep Tayyip Erdogan as a “dictator”. And after a prolonged spat with Europe over Erdogan’s […]

  • Rabo: Both The Fed And PBOC Want Inflation Surge To Stop, But What Can They Do?

    ZeroHedge - May 20th 2021 9:25am EDT

    Rabo: Both The Fed And PBOC Want Inflation Surge To Stop, But What Can They Do? By Michael Every of Rabobank Joining Dots and Plots As we focus on the Fed, and prospective dot plots, can you also join the following market dots from the past 24 hours?  First, China announced it was effectively banning […]

  • Politifact Quietly Admits COVID-19 Lab Escape Not ‘Debunked Conspiracy Theory’

    ZeroHedge - May 20th 2021 9:07am EDT

    Politifact Quietly Admits COVID-19 Lab Escape Not ‘Debunked Conspiracy Theory’ Last January, when China and the World Health Organization (WHO) were performing damage control for Beijing over a mysterious new coronavirus which broke out in the same town as their secretive bat coronavirus lab (with whom, unbeknownst to most at the time, a Fauci-funded NGO […]

  • An Epic Set Of “Alligator Jaws”

    ZeroHedge - May 20th 2021 8:50am EDT

    An Epic Set Of “Alligator Jaws” Authored by Jesse Felder via TheFelderReport.com, One of the major themes I’ve been operating under for the past several years posits that, due to passive investing’s increasing popularity, opportunities outside of the major indexes should become both more prevalent and more attractive. In many respects, acting on this thesis has served me well. Recently, though, […]

  • Despite Claims Drop, There Are Still Around 16 Million Americans Of Some Sort Of Government Dole

    ZeroHedge - May 20th 2021 8:37am EDT

    Despite Claims Drop, There Are Still Around 16 Million Americans Of Some Sort Of Government Dole Despite the dismal payrolls print, initial jobless claims continue to slide back towards pre-COVID crisis levels, with a better than expected 444,000 Americans filing for first-time jobless benefits last week (despite 8.1 million job openings). Source: Bloomberg While that […]

  • Morning Wood: Cathie’s ARK Adds Coinbase, Tesla, Says Portfolios Will “More Than Triple” In Five Years

    ZeroHedge - May 20th 2021 8:24am EDT

    Morning Wood: Cathie’s ARK Adds Coinbase, Tesla, Says Portfolios Will “More Than Triple” In Five Years It seems like with every day that goes by, Cathie Wood figures out a way to double down on her strategies even further.  We’ve been noting each time that Wood does something to push the envelope – including selling […]

  • Watch: Rand Paul “Glad” Fauci Is “Finally Accepting Science”

    ZeroHedge - May 20th 2021 8:10am EDT

    Watch: Rand Paul “Glad” Fauci Is “Finally Accepting Science” Authored by Steve Watson via Summit News, Senator Rand Paul says he’s glad White House medical advisor Anthony Fauci is dropping the mask theater, and is finally accepting science. Paul has repeatedly clashed with Fauci, with the latter at first denying that masks are just for optics, and […]

  • Futures Rebound From Overnight Slide As Cryptos Jump

    ZeroHedge - May 20th 2021 8:00am EDT

    Futures Rebound From Overnight Slide As Cryptos Jump While a far cry from yesterday’s morning rout, global stocks struggled for traction on Thursday after a jittery session on Wall Street where cryptocurrencies crashed and a hint of tapering talk from the U.S. Federal Reserve drove selling in the bond market and lifted the safe-haven dollar. […]

  • CEO Of TikTok-Owner ByteDance Steps Down After Facing Backlash In China

    ZeroHedge - May 20th 2021 7:10am EDT

    CEO Of TikTok-Owner ByteDance Steps Down After Facing Backlash In China Zhang Yiming, the mysterious and youthful ByteDance founder who has been the focus of intense media hype in the US, is stepping down from his role atop the Chinese owner of TikTok and its Chinese counterpart, Douyin. Zhang broke the news of his departure […]