News From ZeroHedge, Page 2377
Biden Plans Expansion Of Feds’ Army Of Snitches In “Dollars For Collars” Program
ZeroHedge - May 13th 2021 6:50pm EDTBiden Plans Expansion Of Feds’ Army Of Snitches In “Dollars For Collars” Program Authored by James Bovard via TheAmericanConservative.com, How the administration plans on expanding its already massive surveillance apparatus… The Biden administration may soon recruit an army of private snoops to conduct surveillance that would be illegal if done by federal agents. As part […]
House GOP Introduces Bills To Combat Critical Race Theory
ZeroHedge - May 13th 2021 6:13pm EDTHouse GOP Introduces Bills To Combat Critical Race Theory Authored by Li Hai via The Epoch Times (emphasis ours) Rep. Dan Bishop (R-NC) talks with Rep. Marjorie Taylor Greene (R-GA) on the House steps at the U.S. Capitol in Washington, D.C., on March 11, 2021. (Drew Angerer/Getty Images) Two bills will be introduced to counter […]
Chinese Media Makes Surprise U-Turn On Tesla, Now Claims Shanghai Expansion Is “Going Smoothly”
ZeroHedge - May 13th 2021 2:40pm EDTChinese Media Makes Surprise U-Turn On Tesla, Now Claims Shanghai Expansion Is “Going Smoothly” Something strange is going on in the world of Elon Musk, Tesla and China. As we noted earlier today, Musk’s public about-face on bitcoin due to its “environmental impact” over the last 24 hours has baffled many people, including almost all […]
Pentagon Evacuates 120 Personnel From Israel As Security Situation Unravels
ZeroHedge - May 13th 2021 2:07pm EDTPentagon Evacuates 120 Personnel From Israel As Security Situation Unravels The Pentagon has evacuated 120 military and civilian personnel who had been in Israel for planned upcoming joint exercises, CNN’s Pentagon correspondent Barbara Starr is reporting. She says the US personnel departed from Tel Aviv under emergency circumstances given the closure of commercial air travel and […]
CDC Flip-Flops Again: Agency To Ease Guidance On Indoor Mask-Wearing For Fully Vaccinated
ZeroHedge - May 13th 2021 1:49pm EDTCDC Flip-Flops Again: Agency To Ease Guidance On Indoor Mask-Wearing For Fully Vaccinated As businesses and states resort to bribing people to take the COVID-19 vaccine, the benevolent Centers for Disease Control (CDC) in their ever-scientific wisdom is dangling yet another ‘freedom‘ carrot above our heads; those who are fully vaccinated will be able to […]
Cathie Wood’s Ark Sinks Below $40 Billion As Bloodbath Continues
ZeroHedge - May 13th 2021 1:23pm EDTCathie Wood’s Ark Sinks Below $40 Billion As Bloodbath Continues As tech limps away from its worst market pummeling in months, traders are keeping the pressure on Cathie Wood with PLTR and COIN still under pressure, and ARKK declining below 100. Although Wood has very publicly doubled down, there’s been talk that short sellers see […]
Foreign Buyers Shun Ugly, Tailing 30Y Auction
ZeroHedge - May 13th 2021 1:11pm EDTForeign Buyers Shun Ugly, Tailing 30Y Auction In stark contrast to yesterday’s stellar 10Y auction, moments ago the Treasury concluded its refunding issuance when it sold $27BN in 30Y paper in an ugly, tailing auction that was disappointing in every category. The High Yield of 2.395% was the highest since November 2019, and tailed the […]
Cryptos Slide After Report Binance Under Investigation By IRS, DOJ
ZeroHedge - May 13th 2021 12:58pm EDTCryptos Slide After Report Binance Under Investigation By IRS, DOJ It’s not a good day for cryptos which after being hammered earlier on the Elon Musk reversal, just legged lower after a Bloomberg report that the world’s biggest cryptoexchange Binance is under investigation by the Justice Department and Internal Revenue Service. The report notes that […]
Trailer Maker Utility Targeted In Ransomware Attack
ZeroHedge - May 13th 2021 12:34pm EDTTrailer Maker Utility Targeted In Ransomware Attack By Nate Tabak of FreightWaves Utility Trailer Manufacturing, one of the largest U.S. producers of trailers for the trucking industry, was targeted in an apparent ransomware attack that exposed personal information of numerous employees. The California-based company told FreightWaves that it had “suffered a cyber event” that disrupted […]
When Do Policy Makers Become Concerned
ZeroHedge - May 13th 2021 12:18pm EDTWhen Do Policy Makers Become Concerned Unlike the Fed-mandated party line of “transitory inflation”, which was eagerly espoused by the likes of Morgan Stanley and JPMorgan (discussed earlier), Bank of America has breached with Wall Street convention and discussing yesterday’s scorching CPI, the bank’s chief economist says that “very aggressive monetary and fiscal policy has […]
Outrage After Mob ‘Lynching Of Arab’ Aired Live On Israeli TV
ZeroHedge - May 13th 2021 11:39am EDTOutrage After Mob ‘Lynching Of Arab’ Aired Live On Israeli TV Shocking footage emerged from Wednesday night’s widespread rioting in mixed Jewish-Arab cities in Israel amid broader Israel-Gaza fighitng. Israel state broadcaster Kan was covering unrest in Bat Yam, just south of Tel-Aviv, where Israeli rioters had taken over the streets. During the live broadcast, Kan’s camera crew […]
Worry About Contracting COVID-19 Hits New Low in U.S.
ZeroHedge - May 13th 2021 11:23am EDTWorry About Contracting COVID-19 Hits New Low in U.S. By Megan Brenan of Gallup Three in 10 Americans say they are worried about contracting COVID-19, marking the lowest point in a year’s worth of measurement, as vaccinations against the disease continue to rise in the U.S. This includes 5% of U.S. adults who say they […]
“No Panic”: Markets Surge As “Transitory Inflation” Narrative Reasserts Itself
ZeroHedge - May 13th 2021 10:35am EDT“No Panic”: Markets Surge As “Transitory Inflation” Narrative Reasserts Itself It seems that the “non-transitory” inflation panic that gripped markets yesterday, resulting in the biggest one-day drop in the S&P since February, is gradually transitioning to “transitory” again, and even though today’s y/y PPI print of 6.2%, the highest on record, reaffirmed the soaring prices […]
Sizzling Heat Building In Southwest
ZeroHedge - May 13th 2021 10:10am EDTSizzling Heat Building In Southwest By Nick Austin of FreightWaves Triple-digit heat will hit truckers across the Southwest over the next couple of days. From the Central Valley of California to southern Arizona, temperatures will soar into the 90s to above 100 degrees in many spots Thursday and Friday. This includes places in California like […]
Goodbye Elon, Hello Steve Cohen: Point72 To “Get Big” In Crypto
ZeroHedge - May 13th 2021 9:56am EDTGoodbye Elon, Hello Steve Cohen: Point72 To “Get Big” In Crypto Elon who? On Wednesday afternoon, the world’s 2nd richest man, Elon Musk, infuriated over 21 million bitcoin faithful (that’s how many Americans are said to own the cryptocurrency) with his faux ESG concerns when he stunned everyone when he announced that he was shocked, […]
Rabobank: SPLAAAT – It Was The Kind Of Report That Make Data Great Again
ZeroHedge - May 13th 2021 9:38am EDTRabobank: SPLAAAT – It Was The Kind Of Report That Make Data Great Again By Michael Every of Rabobank SPLAAAAAAAAAT! That sound was the pure slapstick of a giant custard pie to the face. Which is what the US inflation numbers yesterday were to oh-so-many people. Massively higher than expected; the highest m/m headline since […]
Colonial Pipeline Announces Product Delivery Has Commenced In “Majority Of Markets We Service”
ZeroHedge - May 13th 2021 9:20am EDTColonial Pipeline Announces Product Delivery Has Commenced In “Majority Of Markets We Service” After six days of a fuel shortage crisis that has rocked much of the Southeast US, Colonial Pipeline announced at 0900 ET that it “has made substantial progress in safely restarting our pipeline system and can report that product delivery has commenced in a […]
McDonald’s, Amazon Hike Wages To Lure More Workers Back To Labor Market
ZeroHedge - May 13th 2021 9:10am EDTMcDonald’s, Amazon Hike Wages To Lure More Workers Back To Labor Market Update (0905ET): After Jeff Bezos vowed to remake Amazon into a more worker-friendly tech behemoth in his final letter to shareholders before stepping down as CEO, it looks the company has announced yet another wage hike: Amazon will start new employees off at […]
Initial Claims Drop To Lowest Since Covid Crisis But 16.9 Million Americans Still Remain “On The Dole”
ZeroHedge - May 13th 2021 8:47am EDTInitial Claims Drop To Lowest Since Covid Crisis But 16.9 Million Americans Still Remain “On The Dole” Last Friday’s shockingly bad payrolls report is fading into the memory following a blistering CPI report, a hot PPI and moments ago, another very strong initial jobless claims report according to which adjusted initial claims dropped to just […]
US Producer Prices Surge Most On Record
ZeroHedge - May 13th 2021 8:37am EDTUS Producer Prices Surge Most On Record After consumer prices exploded higher yesterday – and were immediately rejected by establishment types as ‘transitory’, despite the market’s obvious disagreement – all eyes were on this morning’s producer prices for signs of more pressure. Many were fearful of a repeat of last month’s debacle delay (and there […]
Israel Orders “Massive Reinforcement” Of Reserve Troops To Quell Riots; Ground Forces Amass Near Gaza
ZeroHedge - May 13th 2021 8:08am EDTIsrael Orders “Massive Reinforcement” Of Reserve Troops To Quell Riots; Ground Forces Amass Near Gaza On Thursday Israeli troops have begun amassing at Gaza’s border amid widespread rumors of preparations for a ground invasion. It comes also as violence between Jewish and Arab communities inside Israel ratcheted further overnight, taking the form of mob riots […]
Futures Flutter As Global Stocks Slide To 6 Week Low, Asia Enters Correction
ZeroHedge - May 13th 2021 7:58am EDTFutures Flutter As Global Stocks Slide To 6 Week Low, Asia Enters Correction US equity futures fluctuated – first rising then sliding for a 4th session – in a volatile overnight session which saw global stocks fall to a six-week low as inflation fears continued to depress investor sentiment. One day after the S&P suffered […]
Chinese Stocks Tumble After Beijing Vows To Crack Down On Surging Commodity Prices
ZeroHedge - May 13th 2021 7:16am EDTChinese Stocks Tumble After Beijing Vows To Crack Down On Surging Commodity Prices With tech stocks tumbling in the past week amid surging inflation fears, at least the commodity sector appears safe from the global reflationary risk-off wave that swept across markets. But maybe not anymore: overnight Chinese stocks slumped, tracking losses in U.S. shares […]
Bitcoin Plunges Further As Musk Claims Energy Usage Trend Is “Insane”
ZeroHedge - May 13th 2021 7:03am EDTBitcoin Plunges Further As Musk Claims Energy Usage Trend Is “Insane” Just when you though Elon Musk’s change of heart on bitcoin could be short lived, he has again taken to Twitter on Thursday morning, furthering his “environmental” case against the cryptocurrency. At about 0600 EST, Musk followed up on yesterday’s statement about no longer […]
The Hubris Backing Forecasts Should Be Of Great Concern, Not Comfort
ZeroHedge - May 13th 2021 6:30am EDTThe Hubris Backing Forecasts Should Be Of Great Concern, Not Comfort Authored by Michael Lebowitz via RealInvestmentAdvice.com, Soar Above Hubris and Overconfidence To Fortify Your Wealth “Neither Bull nor Bear“ A growing deflationary hurricane is churning off the coast. At the same time, a massive inflationary warm front is surging toward us, threatening inflation like […]