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  • Newsom Turns To Bribery, Opens Up Big Bag Of Goodies To Californians In Bid To Head-Off Recall

    ZeroHedge - May 17th 2021 9:50pm EDT

    Newsom Turns To Bribery, Opens Up Big Bag Of Goodies To Californians In Bid To Head-Off Recall Authored by Monica Showalter via AmericanThinker.com, Politicians in trouble frequently wheel out the freebies ahead of a tough election. California’s Gov. Gavin Newsom, however, is taking it to 11. Seems, he’s not all that confident that Democrats will […]

  • One Bank Spots “A Huge Worry On The Horizon”

    ZeroHedge - May 17th 2021 9:30pm EDT

    One Bank Spots “A Huge Worry On The Horizon” The big banks may be dismissing the current wave of soaring prices, which as we noted previously has been driven mostly economic reopening categories such as soaring used car prices where a pandemic-induced demand surge has run headfirst into temporary shortages, production bottlenecks, and supply chain […]

  • Welcome To The DarkSide: Why The Biden Administration Will Not Define The Pipeline Attack As Terrorism

    ZeroHedge - May 17th 2021 8:50pm EDT

    Welcome To The DarkSide: Why The Biden Administration Will Not Define The Pipeline Attack As Terrorism Authored by Jonathan Turley, Below is my column on the recent Colonial Pipeline attack. President Joe Biden and his Administration (as well as the media) has referred to the actors as “criminals” and “hacker” but notably not “terrorists.” Many cyberattacks are […]

  • EV Anxiety? World’s Largest Lithium Producer Crashes On Chilean Political Storm

    ZeroHedge - May 17th 2021 8:30pm EDT

    EV Anxiety? World’s Largest Lithium Producer Crashes On Chilean Political Storm As we detailed earlier, as Chileans overwhelmingly chose leftist and independent candidates for the country’s constitutional convention, the new non-free-market-friendly political regime is generating a lot of uncertainly in Chilean markets. One of the biggest equity losers on the session is Sociedad Química y Minera […]

  • Taibbi: Is Slack Destroying American Companies? Q&A With Antonio Garcia-Martinez

    ZeroHedge - May 17th 2021 8:10pm EDT

    Taibbi: Is Slack Destroying American Companies? Q&A With Antonio Garcia-Martinez Authored by Matt Taibbi via TK News ​   Late last week, amid a Slack-driven furor over his confessional memoir Chaos Monkeys, Apple fired ads engineer Antonio Garcia-Martinez. I wrote Friday about the specific hypocrisy of Apple’s move — the company has the author of […]

  • Lumber Industry Has No Interest In New Mills As They Reap Rewards Of Record Prices 

    ZeroHedge - May 17th 2021 7:50pm EDT

    Lumber Industry Has No Interest In New Mills As They Reap Rewards Of Record Prices  The problem with the North American lumber industry is that supply is controlled by just a few firms that can easily manipulate prices. For instance, WSJ reports lumber mills are in no rush to bring on additional capacity as they reap the […]

  • Biggest Shorting Of Tech Stocks By Hedge Funds In 5 Years: Goldman Prime

    ZeroHedge - May 17th 2021 7:35pm EDT

    Biggest Shorting Of Tech Stocks By Hedge Funds In 5 Years: Goldman Prime Last week we noted that one of the clear trends to emerge as a result of the recent horrific price action in tech stocks, was the continued aggressive selling – and shorting – of tech stocks by hedge funds. The latest weekly […]

  • Incoming Geomagnetic Storm Expected To Hit Earth Tuesday 

    ZeroHedge - May 17th 2021 7:10pm EDT

    Incoming Geomagnetic Storm Expected To Hit Earth Tuesday  This week’s solar activity report shows a geomagnetic storm watch is in effect between May 18-19. Two Earth-facing sunspots have been identified by NASA’s Solar Dynamic Observatory (SDO) satellite and could produce storms as early as Tuesday.  NASA designated the sunspots as AR2822 and AR2823 and are […]

  • GOP Chair Elise Stefanik: Justice Department Is “Trying To Block” Maricopa County Audit

    ZeroHedge - May 17th 2021 6:50pm EDT

    GOP Chair Elise Stefanik: Justice Department Is “Trying To Block” Maricopa County Audit Authored by Jack Phillips via The Epoch Times, Rep. Elise Stefanik (R-N.Y.), who was recently elected as the House Republican Conference chair, said the Department of Justice’s questions about the Maricopa County, Arizona, audit of the 2020 election may be unconstitutional. On […]

  • MGM Spikes On Report Amazon Wants To Buy It

    ZeroHedge - May 17th 2021 6:15pm EDT

    MGM Spikes On Report Amazon Wants To Buy It MGM stock spiked after hours following a report from The Information that Amazon is in talks to buy the hospitality and entertainment giant. The move would be Amazon’s biggest move yet to expand in entertainment, the Information said, and is likely pursuing MGM’s extensive content library. […]

  • Port Of LA Volumes Are “Off The Charts”

    ZeroHedge - May 17th 2021 6:10pm EDT

    Port Of LA Volumes Are “Off The Charts” By Kim Link-Wills of Freight Waves, The Port of Los Angeles continued its record-setting streak, posting the busiest April in its 114-year history. “It’s truly been an unprecedented run here in LA,” Executive Director Gene Seroka said during a media briefing Thursday. The Port of LA handled […]

  • Supreme Court Unanimously Rebuffs Biden Administration On Warrantless Searches For Handguns

    ZeroHedge - May 17th 2021 5:50pm EDT

    Supreme Court Unanimously Rebuffs Biden Administration On Warrantless Searches For Handguns By Matthew Vadum of Epoch Times The Supreme Court unanimously rejected Biden administration arguments in a case from Rhode Island that police should be allowed to enter homes without a warrant to seize handguns. The ruling in the case, Caniglia v. Strom, court file […]

  • Berkshire Dumps Wells, Exits Synchrony, Sells Half Of Chevron, Adds New Stake In Aon: Full 13F Summary

    ZeroHedge - May 17th 2021 5:35pm EDT

    Berkshire Dumps Wells, Exits Synchrony, Sells Half Of Chevron, Adds New Stake In Aon: Full 13F Summary While Berkshire’s portfolio made headline news a few weeks ago when the company held its annual report, moments ago Berkshire Hathaway filed its Q1 13-F which provided a more detailed glimpse into its holdings as of March 31, […]

  • Watch: Israel Strikes ‘Hamas Submarine’ On Gaza Coast As Offshore Gas Rigs Under Threat

    ZeroHedge - May 17th 2021 5:30pm EDT

    Watch: Israel Strikes ‘Hamas Submarine’ On Gaza Coast As Offshore Gas Rigs Under Threat Amid recent reports that Hamas has attempted to launch seaborne attacks on offshore Israeli assets, including recent attempts at rocket launches on Mediterranean gas installations, Israel’s military on Monday said its warplanes had struck a direct hit on a “Hamas submersible weapon”.  […]

  • Space Force Officer’s Book On Marxism In The Military Reaches No. 1 On Amazon After Being Fired

    ZeroHedge - May 17th 2021 4:50pm EDT

    Space Force Officer’s Book On Marxism In The Military Reaches No. 1 On Amazon After Being Fired Authored by Jack Phillips via The Epoch Times, A U.S. Space Force officer’s self-published book positing that Marxist ideology and Critical Race Theory is being spread throughout the military reached the top of Amazon’s bestseller list on Sunday […]

  • Plunging Coinbase Steamrolls Shareholders Even More With $1.25BN Convertible Offering

    ZeroHedge - May 17th 2021 4:31pm EDT

    Plunging Coinbase Steamrolls Shareholders Even More With $1.25BN Convertible Offering As if the pain for Coinbase longs, some of whom were stupid enough to buy the stock above $400 on the day the company went public, wasn’t enough with COIN stock today closing below its $250 IPO reference price for the first time, and down […]

  • Foreigners Bought The Most Long-Term US Assets In March Ever

    ZeroHedge - May 17th 2021 4:16pm EDT

    Foreigners Bought The Most Long-Term US Assets In March Ever After four straight months of buying, China sold $3.8 billion in Treasuries in March (the latest period for which TIC data was just released), reducing its holdings to $1.1 trillion. Source: Bloomberg China was not alone: Japan holds $1.24t, a decrease of $17.7b from last […]

  • Gold Glows As Cryptos Collapse After Musknado; Dollar, Bonds, & Stocks Sink

    ZeroHedge - May 17th 2021 4:00pm EDT

    Gold Glows As Cryptos Collapse After Musknado; Dollar, Bonds, & Stocks Sink Black Gold and the barabarous relic were both bid today as crypto, stocks, bonds, and the dollar all slipped lower (and Lumber entered a bear market). Big-Tech’s dead-cat-bounce from last week is over as it underperformed again today as Small Caps recovered from […]

  • Cuomo To Bag $5.1 Million For Pandemic Leadership Book

    ZeroHedge - May 17th 2021 3:50pm EDT

    Cuomo To Bag $5.1 Million For Pandemic Leadership Book New York Mayor Andrew Cuomo (D) will receive $5.1 million for his memoir detailing his ‘leadership’ during the COVID-19 pandemic, according to the New York Times. In addition to earning $3.12 million last year, state officials announced on Monday that his contract for the book also […]

  • Megadrought Nightmare: No Water For Crops, Horrific Wildfires, Colossal Dust Storms And Draconian Water Restrictions

    ZeroHedge - May 17th 2021 3:35pm EDT

    Megadrought Nightmare: No Water For Crops, Horrific Wildfires, Colossal Dust Storms And Draconian Water Restrictions Authored by Michael Snyder via The Economic Collapse blog, The megadrought that has almost the entire western half of the country in a death grip is starting to become extremely painful.  In some areas, irrigation water is being totally cut […]

  • Lumbear Market

    ZeroHedge - May 17th 2021 3:22pm EDT

    Lumbear Market While some commodities have successfully halted last week’s post China-crackdown rout, such as copper and Iron Ore… … others have been less lucky, most notably lumber which until last week had become the posted child of the current inflationary euphoria when something snapped, and after six consecutive days of declines, Lumber is now […]

  • Watch: Fauci Declares Pandemic Has Highlighted How Racist America Is

    ZeroHedge - May 17th 2021 3:05pm EDT

    Watch: Fauci Declares Pandemic Has Highlighted How Racist America Is Authored by Steve Watson via Summit News, The White House Senior Medical Advisor Anthony Fauci stated Sunday that the coronavirus pandemic has revealed that the US is a fundamentally racist country. Speaking to graduates of Emory University, Fauci declared that the virus has revealed the […]

  • A Tesla Reportedly “Runs Over 2 Traffic Cops In Zhejiang”: Weibo Post

    ZeroHedge - May 17th 2021 2:46pm EDT

    A Tesla Reportedly “Runs Over 2 Traffic Cops In Zhejiang”: Weibo Post We’ll go out on a limb and suggest that, if confirmed, this may not help the ongoing tension between the Chinese government and Tesla. According to a prominent China watcher, a post on Chinese social media site Weibo claims that a Tesla had […]

  • Iran Preps Return To Oil Market As Vienna Talks “Within Reach” Of Agreement

    ZeroHedge - May 17th 2021 2:45pm EDT

    Iran Preps Return To Oil Market As Vienna Talks “Within Reach” Of Agreement US and Iranian diplomats which are still engaged in ongoing ‘indirect’ negotiations via intermediaries in Vienna (now over a month in) have signaled that a major nuclear agreement is now “within reach” – and now as Bloomberg reports, “Iran is preparing to ramp up […]

  • The Real Estate Boom In Vegas Is More Frenzied Than Ever

    ZeroHedge - May 17th 2021 2:37pm EDT

    The Real Estate Boom In Vegas Is More Frenzied Than Ever Authored by Doug French via The Mises Institute, Summerlin, the suburb of west Las Vegas creeping ever closer to the mountains, looks to be crowded with fully paved streets, streetlights, block walls, and blue top lots. With lumber, labor, and other materials in short […]