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  • Autopilot Was Engaged In Fatal SoCal Tesla Wreck Earlier This Month, Authorities Reveal

    ZeroHedge - May 14th 2021 3:20pm EDT

    Autopilot Was Engaged In Fatal SoCal Tesla Wreck Earlier This Month, Authorities Reveal A Tesla that was involved in a fatal crash in Southern California last week was operating on Autopilot at the time, it has been revealed. The crash is still is under investigation by the National Highway Traffic Safety Administration, a report from ABC […]

  • Home Prices Are Soaring So Fast, They Are Negating The Benefits Of Low Mortgage Rates

    ZeroHedge - May 14th 2021 2:59pm EDT

    Home Prices Are Soaring So Fast, They Are Negating The Benefits Of Low Mortgage Rates A recent report in the Wall Street Journal that cited data from the National Association of Realtors and Fannie Mae caught our eye by highlighting an unfortunate reality of low interest rates: while they initially help even the playing field […]

  • The US Government Is On Track To Top Last Year’s Record-Breaking Deficits

    ZeroHedge - May 14th 2021 2:40pm EDT

    The US Government Is On Track To Top Last Year’s Record-Breaking Deficits Authored by Ryan McMaken via The Mises Institute, The Treasury department has issued its spending and revenue report for April 2021, and it’s clear the US government is headed toward another record-breaking year for deficits. According to the report, the US federal government collected […]

  • Did China Just Kill The Commodity-Craze?

    ZeroHedge - May 14th 2021 2:20pm EDT

    Did China Just Kill The Commodity-Craze? After weeks of vertical rampage, commodity prices broadly tumbled this week as everything from lumber to iron ore saw their first weekly drop in months. Source: Bloomberg While it may be early, the sudden reversal across the commodity space has many wondering if the bubble has popped. Copper prices […]

  • Here Are The Industries Crushed By Biden’s “Generous Unemployment Benefits”

    ZeroHedge - May 14th 2021 1:58pm EDT

    Here Are The Industries Crushed By Biden’s “Generous Unemployment Benefits” When even Goldman – which has a history of aligning with the White House and the prevailing political administration du jour – refutes the falsehoods spread by the Biden administration about the origins of the unprecedented labor shortage, it’s time to change the narrative. In […]

  • DarkSide Hackers Reportedly Closing Down After Retaliation Routs Their Infrastructure

    ZeroHedge - May 14th 2021 1:39pm EDT

    DarkSide Hackers Reportedly Closing Down After Retaliation Routs Their Infrastructure The hacker group responsible for the ransomware attack on Colonial Pipeline that caused fuel shortages in the Southeast US appears to be shutting down after all its recent success, according to WSJ.  The operator of the ransomware group Darkside, believed to originate in Eastern Europe or Russia, has been unable […]

  • Stage Is Set For “Dramatically Higher Inflation” As Transportation Costs Spike Even Higher

    ZeroHedge - May 14th 2021 1:20pm EDT

    Stage Is Set For “Dramatically Higher Inflation” As Transportation Costs Spike Even Higher By Greg Miller of Freight Waves, The headlines last August and September blared: “Trans-Pacific rates are going crazy.” “Rates are on fire.” “Records shattered.” Oh, what cargo shippers would give to get the rates they paid eight or nine months ago. Those […]

  • Nasdaq Versus Commodities: This Ratio Suggest Critical Juncture Ahead  

    ZeroHedge - May 14th 2021 1:05pm EDT

    Nasdaq Versus Commodities: This Ratio Suggest Critical Juncture Ahead   With tech stocks tumbling in recent weeks amid surging inflation fears, at least the commodity sector appears safe from the global reflationary risk-off wave that swept across markets. Besides the ups and downs daily, the tech-laden Nasdaq Composite has been on a tear for the last […]

  • Proof-Of-Stake Coins Surge After Musk Trashes Power-Hungry Bitcoin

    ZeroHedge - May 14th 2021 12:45pm EDT

    Proof-Of-Stake Coins Surge After Musk Trashes Power-Hungry Bitcoin Authored by Scott Chipolina via Decrypt.co, In brief With Proof of Stake (POS), cryptocurrency miners can earn more crypto if they hold more coins. Proof of Stake (POS) was created as an alternative to Proof of Work (POW), which is the consensus algorithm that Bitcoin uses. Several […]

  • Putin Calls Gaza Crisis “Direct Threat” To Russia’s Security Interests; Merkel Condemns Anti-Israel Protests

    ZeroHedge - May 14th 2021 12:25pm EDT

    Putin Calls Gaza Crisis “Direct Threat” To Russia’s Security Interests; Merkel Condemns Anti-Israel Protests At a moment the United States is blocking a UN Security Council meeting and statement on Gaza, delaying it further to next week given Israel shows no signs that it’s ready for ceasefire talks following an earlier overture from Hamas, multiple world leaders […]

  • Dominion, Maricopa County Rebuff Arizona Senate’s Attempt To Get Election Machine Passwords

    ZeroHedge - May 14th 2021 12:09pm EDT

    Dominion, Maricopa County Rebuff Arizona Senate’s Attempt To Get Election Machine Passwords Authored by Zachary Stieber via The Epoch Times (emphasis ours), Dominion Voting Systems and Maricopa County officials are refusing to hand over passwords for election machines to auditors in Arizona. Contractors working for Cyber Ninjas, which was hired by the Arizona Senate, examine […]

  • Time For A Squeeze: Here Are Cathie Wood’s Top Holdings

    ZeroHedge - May 14th 2021 11:48am EDT

    Time For A Squeeze: Here Are Cathie Wood’s Top Holdings By now, even the shoeshine boys know that just three months after pundits, traders and the media fawned over her every move during the February meltup, ARK Investment’s Cathie Wood has become the market’s anti-Midas – everything she touches, or owns, turns to shit. As […]

  • Hamas Targeting Dimona Nuclear Reactor & Oil Sites Among Other Sensitive Infrastructure 

    ZeroHedge - May 14th 2021 11:11am EDT

    Hamas Targeting Dimona Nuclear Reactor & Oil Sites Among Other Sensitive Infrastructure  Hamas’ militant wing, the Al-Qassam Brigades, announced earlier this week that it is deliberately targeting Israel’s secretive Dimona nuclear reactor site, known as the Shimon Peres Negev Nuclear Research Center, which lies east of the the Gaza Strip far into the Negev Desert. […]

  • “This Doesn’t Look Good”

    ZeroHedge - May 14th 2021 10:35am EDT

    “This Doesn’t Look Good” Under the hood of the University of Michigan Sentiment Survey, something really ugly appeared. While homebuilder sentiment (as measured among realtors by the NAHB) remains near record highs, home-buying sentiment has utterly collapsed as surging home prices have overwhelmed any benefits from low rates as urban exodus dominates local purchasing power. […]

  • US Consumer Confidence Plunges As Inflation Fears Soar

    ZeroHedge - May 14th 2021 10:09am EDT

    US Consumer Confidence Plunges As Inflation Fears Soar After a dismal jobs print, one could be forgiven for thinking sentiment would be disappointing (but then again, being paid to sit on the couch sure beats working), but analysts expected further gains in the UMich confidence measure. Oh boy were they wrong, as higher inflation fears […]

  • Group Of Scientists Insist COVID-19 “Lab Leak” Theory Deserves Further Investigation

    ZeroHedge - May 14th 2021 9:56am EDT

    Group Of Scientists Insist COVID-19 “Lab Leak” Theory Deserves Further Investigation As Beijing continues to stonewall international demands to know more about the origins of SARS-CoV-2, the virus that spread COVID-19 throughout the world,  more scientists are coming forward to insist that the “lab leak” theory of COVID-19’s origins is credible, and that it will […]

  • Rep. Elise Stafanik Elected By House To Replace Liz Cheney As GOP Conference Chair

    ZeroHedge - May 14th 2021 9:39am EDT

    Rep. Elise Stafanik Elected By House To Replace Liz Cheney As GOP Conference Chair After ousting never-Trump neocon Liz Cheney, House Republicans on Friday approved Rep. Elise Stefanik (R-NY) to their #3 leadership position on Friday in a 134-46 vote. Stefanik easily overcame an 11th hour bid by Rep. Chip Roy (R-TX) for the position, […]

  • NFIB Data Says It’s Only An Economic Recovery

    ZeroHedge - May 14th 2021 9:34am EDT

    NFIB Data Says It’s Only An Economic Recovery Authored by Lance Roberts via RealInvestmentAdvice.com, The recent NFIB survey suggests we are only in an economic recovery, not an expansion. Such was a point I made with Daniel Lacalle in a recent podcast. While the mainstream media overlooks the NFIB data, they really shouldn’t. There are currently […]

  • US Industrial Production Disappoints In April As Carmakers Crumbled

    ZeroHedge - May 14th 2021 9:23am EDT

    US Industrial Production Disappoints In April As Carmakers Crumbled After a surprisingly large upward revision for March (from +1.5% MoM to +2.4% MoM), April’s Industrial Production rose 0.7% MoM (less than the +0.9% expected). Source: Bloomberg Of course, thanks to the collapse comps, industrial production surged over 16% YoY. Drilling down, Manufacturing output rose 0.4% […]

  • Rabobank: Markets Decided To Get High Again Rather Than Grapple With Reality

    ZeroHedge - May 14th 2021 9:10am EDT

    Rabobank: Markets Decided To Get High Again Rather Than Grapple With Reality By Michael Every of Rabobank Fear and Loathing in Los Mercados We were somewhere around Barstow on the edge of the desert when the drugs began to take hold. I remember saying something like “I feel a bit lightheaded; maybe you should drive….” […]

  • Nearly 800 Barges Stuck In Lower Mississippi River From Bridge Crack 

    ZeroHedge - May 14th 2021 8:56am EDT

    Nearly 800 Barges Stuck In Lower Mississippi River From Bridge Crack  Earlier this week, in a routine bridge inspection, an engineer climbed onto the section of the Interstate 40 bridge over the Mississippi River and spotted a massive fracture in the frame that resulted in the immediate shutdown of the bridge on Wednesday. Traffic is being rerouted […]

  • US Retail Sales Disappoint In April As Stimmy Surge Stalls

    ZeroHedge - May 14th 2021 8:38am EDT

    US Retail Sales Disappoint In April As Stimmy Surge Stalls After hot-hot-hot inflationary prints this week, following dismal jobs data last week, all eyes are on this morning’s retail sales data to discern if America’s future is a stagflationary cornering of The Fed. While no one expected a repeat of March’s explosive gains, analysts still […]

  • John Authers: Watching For “Unrest” Over EM Food Prices And Whether Elon Musk Has “Jumped The Shark”

    ZeroHedge - May 14th 2021 8:21am EDT

    John Authers: Watching For “Unrest” Over EM Food Prices And Whether Elon Musk Has “Jumped The Shark” Among the difficulties of entering uncharted macroeconomic territory, where daily “transitory” changes cause wild volatility in all corners of the market, is documenting key themes as they emerge.  One of the better analyses of the current market environment that […]

  • Futures, Global Markets Storm Higher As Inflation Fears Fade Away

    ZeroHedge - May 14th 2021 8:01am EDT

    Futures, Global Markets Storm Higher As Inflation Fears Fade Away US index futures rose with for a second day alongside global markets as a continued drop in commodity prices helped ease fears about inflation risks. Treasuries advanced, cryptocurrencies rebounded from a Thursday rout while the dollar slumped. After a bruising week that saw the biggest one […]

  • Yankees Suffer COVID Resurgence As 8 Fully-Vaccinated Players, Staff Test Positive

    ZeroHedge - May 14th 2021 7:02am EDT

    Yankees Suffer COVID Resurgence As 8 Fully-Vaccinated Players, Staff Test Positive In an unsettling reminder that COVID-19 is still spreading, even as a scandal-scarred Gov. Andrew Cuomo pushes ahead with reopening the Empire State – and even as practically everybody in the organization has already been vaccinated – the Yankees have seen their starting lineup […]