News From ZeroHedge, Page 2380

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  • The Most Hyped Corners Of The Stock Market Come Unglued

    ZeroHedge - May 12th 2021 12:05pm EDT

    The Most Hyped Corners Of The Stock Market Come Unglued Authored by Wolf Richter via WolfStreet.com, Once upon a time last year, there was the EV startup hype-boom that found its way to the SPAC hype-boom, and the two combined and generated miraculously swift and spectacular results; and their collapse has been equally swift and […]

  • Dip-Buyers Disappear As Bonds, Stock Bloodbath Escalates

    ZeroHedge - May 12th 2021 12:03pm EDT

    Dip-Buyers Disappear As Bonds, Stock Bloodbath Escalates Nasdaq is now down 2.5%, rapidly approaching red for the year and it is dragging the rest of the equity market lower… And the selling pressure continues with NYSE downticks have dominated for 15 minutes… Growth relative to value is at a critical support level… VIX is exploding […]

  • Ethereum Reaches Record High $500 Billion Market Cap, Now Bigger Than JPMorgan

    ZeroHedge - May 12th 2021 11:45am EDT

    Ethereum Reaches Record High $500 Billion Market Cap, Now Bigger Than JPMorgan Dip-buyers have charged in after Monday’s flash-crash in cryptos, sending Ethereum to a new record high near $4400… Source: Bloomberg That has pushed Ethereum’s market cap above $500 billion, now larger than JPMorgan… Source: 8marketcap.com, As CoinTelegraph reports, Ether is the second cryptocurrency […]

  • ‘Economist’ Proposes “Re-Employment Bonus” To Bribe Government-Sponsored Couch-Sitters To Get A Job

    ZeroHedge - May 12th 2021 11:24am EDT

    ‘Economist’ Proposes “Re-Employment Bonus” To Bribe Government-Sponsored Couch-Sitters To Get A Job Authored by Jazz Shaw via HotAir.com, Despite the best efforts of our friends in the mainstream media to deny it, this is a trend that we’ve been tracking for more than a month now. As the pandemic fades and employers reopen their doors, […]

  • Here Is The Heatmap From Today’s “Eye-Popping” CPI Report

    ZeroHedge - May 12th 2021 11:14am EDT

    Here Is The Heatmap From Today’s “Eye-Popping” CPI Report As BOfA economist Alexander Lin writes, the “eye-popping” April CPI report was a “massive surprise” as core CPI strongly rose 0.9% (0.92% unrounded) sequentially, which was the largest gain since 1981 and blew away consensus forecasts of 0.3% (for a full range of shocked reactions from […]

  • Bill Ackman Unveils 6% Stake In Dominos, Says He Won’t Invest In Bitcoin

    ZeroHedge - May 12th 2021 10:42am EDT

    Bill Ackman Unveils 6% Stake In Dominos, Says He Won’t Invest In Bitcoin Shares of Domino’s Pizza surged nearly 4% Wednesday morning after celebrity investor Bill Ackman announced that his investment firm, Pershing Square Capital, had purchased a 6% stake in the pizza-delivery pioneer. Speaking at the “Future of Everything” conference organized by WSJ, Ackman […]

  • WTI Fades From Cycle Highs After Disappointing Inventory Data

    ZeroHedge - May 12th 2021 10:35am EDT

    WTI Fades From Cycle Highs After Disappointing Inventory Data Oil prices are continuing their recent acceleration this morning, with WTI above $66.50, after the International Energy Agency said a record glut built up last year is gone. Last night’s surprise gasoline build from API did nothing to shake confidence in demand returning (crude stocks dropped […]

  • “Burned Alive”: Friend Of Tesla Wreck Victim Claims Driver Was “Trying To Save His Life” By Climbing In Back Seat

    ZeroHedge - May 12th 2021 10:20am EDT

    “Burned Alive”: Friend Of Tesla Wreck Victim Claims Driver Was “Trying To Save His Life” By Climbing In Back Seat A close friend of one of the men who died in a Houston area fatal Tesla wreck weeks ago says he believes the driver of the vehicle climbed into the back seat while “trying to […]

  • A Stunned Wall Street Responds To Today’s Scorching Inflation Print

    ZeroHedge - May 12th 2021 10:01am EDT

    A Stunned Wall Street Responds To Today’s Scorching Inflation Print The biggest MoM jump in core consumer prices since 1981 and record-breaking spikes in energy and used-car prices – all much hotter than expected – has sparked some turmoil across markets as traders attempt to discern if The Fed is right in its “guessing game” […]

  • Gold Is Right

    ZeroHedge - May 12th 2021 9:45am EDT

    Gold Is Right Authored by Jim Rickards via The Daily Reckoning, Is the gold skid over? There are encouraging signs that the answer is yes. And, that’s great news for patient gold investors (especially those who bought the lows, as I recommended to my subscribers a few weeks ago). First, some facts. Gold hit an […]

  • Liz Cheney Ousted From Leadership Post By House Republicans

    ZeroHedge - May 12th 2021 9:29am EDT

    Liz Cheney Ousted From Leadership Post By House Republicans House Republicans voted to oust Rep. Liz Cheney (R-WY) as conference chair in a Wednesday morning vote, following months of brewing friction over her constant criticisms of former President Trump, according to Axios, citing two sources in the room. The move to remove the #3 House […]

  • “Surprised” Clarida Downplays Soaring CPI, Which Is Due To “Transitory Forces”

    ZeroHedge - May 12th 2021 9:27am EDT

    “Surprised” Clarida Downplays Soaring CPI, Which Is Due To “Transitory Forces” While we, like everyone else, were shocked by the strongest core CPI print since 1981 when as a reminder, the Volcker Fed was engaged in a nightmarish fight with “non-transitory” inflation, pushing the Fed Funds rate as high as 20%, we were quick to […]

  • Nearly 2,000 Gas Stations Out Of Fuel As Panic-Hoarding Hammers Southeast

    ZeroHedge - May 12th 2021 9:14am EDT

    Nearly 2,000 Gas Stations Out Of Fuel As Panic-Hoarding Hammers Southeast Gas stations from Florida to Virginia ran dry, and prices at the pump skyrocketed late Tuesday, as the hack attack on the biggest U.S. fuel pipeline extends into the fifth day.  On Tuesday evening, 17 states and Washington, DC declared emergency declarations to address […]

  • Stocks Puke As Soaring Inflation Sparks Hawkish Moves In Money Markets

    ZeroHedge - May 12th 2021 9:04am EDT

    Stocks Puke As Soaring Inflation Sparks Hawkish Moves In Money Markets US equity markets just got monkeyhammered, with Small Caps and Big-Tech hit the hardest and unable to hold the bounce… Inflation breakevens ripped up near their 2004 highs… Lifting 10Y yields to 1.65%… And money markets are increasingly pricing in a rate-hike by Dec […]

  • US Core Consumer Prices Explode Higher At Fastest Pace Since 1981

    ZeroHedge - May 12th 2021 8:38am EDT

    US Core Consumer Prices Explode Higher At Fastest Pace Since 1981 After March’s blowout 0.6% MoM surge in headline CPI, analysts expected a modest slowdown MoM, but surge YoY due to the base-effect comps from April 2020’s collapse. However, it appears analyst massively underestimated as headline CPI surged 0.8% MoM (4 times the +0.2% expected) […]

  • Tech Wreck Goes Global – Taiwan Stocks Trounced In Biggest Crash In 54 Year History

    ZeroHedge - May 12th 2021 8:25am EDT

    Tech Wreck Goes Global – Taiwan Stocks Trounced In Biggest Crash In 54 Year History Just when you thought it was safe to BTFD in tech stocks (after yesterday’s “do you believe in miracles” rebound in US equity markets), the tech-heavy $2 trillion market cap Taiwan Stock Exchange Index crashed almost 9% overnight – its […]

  • Rabo: Please Don’t Make Us Look At The Inflation

    ZeroHedge - May 12th 2021 8:09am EDT

    Rabo: Please Don’t Make Us Look At The Inflation By Michael Every of Rabobank Markets continue to reel: “Risk crumbles”, says Bloomberg. Why? Because there is a plaintive plea from everyone from the Fed and the Treasury down to simple peddlers of exotic derivatives: please don’t make us look at the inflation! Yes, it’s US […]

  • Futures Slide With All Eyes On “Big Jump” In CPI

    ZeroHedge - May 12th 2021 7:59am EDT

    Futures Slide With All Eyes On “Big Jump” In CPI US equity futures continued their slide, and a sell-off in global shares extended to its longest losing streak in two months on Wednesday as investors awaited the latest inflation figures to assess the risk that soaring prices will snuff a recovery in the world’s biggest […]

  • Amazon Wins Appeal Overturning $300M EU Tax Bill In Latest Defeat For Vestager

    ZeroHedge - May 12th 2021 7:01am EDT

    Amazon Wins Appeal Overturning $300M EU Tax Bill In Latest Defeat For Vestager Amazon has just scored a major victory in Europe’s second-highest court that mirrors Apple’s recent tax victory in Europe. The American tech giant on Wednesday saw a €250 million ($300 million) tax bill assessed by the Eropean Commission’s antitrust regulator back in […]

  • Nuclear Reactions At Chernobyl “Cause For Concern”

    ZeroHedge - May 12th 2021 6:30am EDT

    Nuclear Reactions At Chernobyl “Cause For Concern” By Charles Kennedy of OilPrice.com Sensors have detected increased levels of neutrons in an inaccessible chamber at the Chernobyl site, signaling that nuclear fission reactions are taking place in the entombed reactor hall, Science reports. The signs that fission reactions are occurring come 35 years nearly to the date […]

  • UBS Laying Off Employees Days After Doubling Bonuses To Newly Promoted Associates

    ZeroHedge - May 12th 2021 5:45am EDT

    UBS Laying Off Employees Days After Doubling Bonuses To Newly Promoted Associates On one hand, UBS seems hell bent on keep its new Gen Z employees who have recently been promoted to associate positions. After all, it was just hours ago that we wrote about how the bank was showering these newly promoted employees with $40,000 […]

  • Michel Barnier Calls For 3-5 Year Suspension Of Immigration Into EU

    ZeroHedge - May 12th 2021 5:00am EDT

    Michel Barnier Calls For 3-5 Year Suspension Of Immigration Into EU Authored by Paul Joseph Watson via Summit News, Michel Barnier has called for a 3-5 year suspension of immigration into EU countries, warning that the bloc’s external borders have become a “sieve” for criminals and terrorists. “I think we have to take the time […]

  • ​​​​​​​Mediterranean Diet May “Protect” Brain From Alzheimer’s Disease, Study Says

    ZeroHedge - May 12th 2021 4:15am EDT

    ​​​​​​​Mediterranean Diet May “Protect” Brain From Alzheimer’s Disease, Study Says The best way to decrease the risk of Alzheimer’s disease could be a Mediterranean diet that is rich in fish, vegetables, and olive oil, according to a new study.  The research, titled “Mediterranean Diet, Alzheimer Disease Biomarkers and Brain Atrophy in Old Age,” was published in the online issue […]

  • Estonia Becomes Centre Stage Of Anti-Russia Military Exercises

    ZeroHedge - May 12th 2021 3:30am EDT

    Estonia Becomes Centre Stage Of Anti-Russia Military Exercises Authored by Paul Antonopoulos via GlobalResearch.ca, 800 paratroopers from the 82nd Airborne Division of the U.S. Army departed from Fort Bragg in North Carolina last Friday morning for a Swift Response exercise. They were dropped into Estonia in a “joint forcible entry” operation in the early hours of […]

  • Le Pen Warns Macron “Danger Of Civil War” Looms If He Doesn’t Handle Islamist Problem

    ZeroHedge - May 12th 2021 2:45am EDT

    Le Pen Warns Macron “Danger Of Civil War” Looms If He Doesn’t Handle Islamist Problem The French government and much of the public has reacted with outrage after another open letter issued by military personnel has warned that France is headed for “civil war” if it doesn’t handle its Muslim extremism problem. The controversy was further […]