News From ZeroHedge, Page 2382

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  • Asia, LatAm Companies Are Embracing Bitcoin, Ether To “Maintain The Purchasing Power” Of Their Assets

    ZeroHedge - May 11th 2021 5:45pm EDT

    Asia, LatAm Companies Are Embracing Bitcoin, Ether To “Maintain The Purchasing Power” Of Their Assets While Elon Musk (Tesla), Jack Dorsey (Square), and Michael Saylor (MicroStrategy) have made headlines with their adoptions of cryptocurrencies as part of their company’s reserves, many other American companies have begun to embrace the decentralized payments system. This is The […]

  • Arizona Governor Signs Law Designating Gun Stores As Essential Firms

    ZeroHedge - May 11th 2021 5:25pm EDT

    Arizona Governor Signs Law Designating Gun Stores As Essential Firms Authored by Isabel van Brugen via The Epoch Times, Arizona Gov. Doug Ducey (R) has signed into law legislation that designates gun stores as essential businesses allowed to remain open during an emergency—a move that will further protect gun stores, manufacturers, and trade associations from lawsuits. […]

  • “I Hope We All Survive It” – Dave Chappelle Warns About Cancel Culture 

    ZeroHedge - May 11th 2021 5:05pm EDT

    “I Hope We All Survive It” – Dave Chappelle Warns About Cancel Culture  The phenomenon of “cancel culture” is a toxic one metastasizing into a woke revolution war empowered by Big Tech and Big Business. Those unfamiliar with being canceled involve publicly shaming others and boycotting celebrities and companies. However, the art of canceling has progressed […]

  • Dissenters, Unite!

    ZeroHedge - May 11th 2021 4:45pm EDT

    Dissenters, Unite! Authored by Joakim Book via The American Institute for Economic Research, Being contrarian is hard work. You need to withstand ridicule, the loss of friends, employment, and acquaintances, face the imminent possibility that most of the time you’ll be wrong, and abandon the warm fuzzy feeling of having your otherwise friendly peers confirming your bias.  Yet, […]

  • WTI Dips After Big Surprise Build In Gasoline Inventory

    ZeroHedge - May 11th 2021 4:35pm EDT

    WTI Dips After Big Surprise Build In Gasoline Inventory Amid all the chaos in equity markets, oil managed to bounce back to modest gains on the day with WTI as a weaker dollar offset some concerns of a growing pile up of crude in the U.S. Gulf Coast as refineries there cut runs in response […]

  • The Worker Shortage In New Jersey Is Getting Ridiculous

    ZeroHedge - May 11th 2021 4:19pm EDT

    The Worker Shortage In New Jersey Is Getting Ridiculous New Jersey 101.5 talk show host Dennis Malloy, via NJ101.5 You’ve no doubt seen help wanted signs in store windows all over New Jersey. At a local garden center this weekend the guy helping me find stuff and checking me out looked a little older to […]

  • Big-Tech Bloodbath Continues After Biggest Sell-Program In History

    ZeroHedge - May 11th 2021 4:02pm EDT

    Big-Tech Bloodbath Continues After Biggest Sell-Program In History After yesterday’s ugliness in big-tech and small-caps, many hoped for a bounce today. But the combination of ARKK gamma and CTA deleveraging meant the pain was not over and both Nasdaq and Russell 2000 plunged into the cash market open (after getting hit as the Asia open […]

  • Satellite Imagery Captures Thousands Of Unfinished Ford Trucks Stashed At Kentucky Speedway

    ZeroHedge - May 11th 2021 3:40pm EDT

    Satellite Imagery Captures Thousands Of Unfinished Ford Trucks Stashed At Kentucky Speedway Satellite images obtained by The Drive paints a clear picture of the chip shortage shitshow impacting Ford Motor Company.  Thousands of Ford trucks with missing semiconductor chips are parked at Kentucky Speedway, a 1.5-mile tri-oval speedway in Sparta, Kentucky, which hosts NASCAR and Indy […]

  • The Psychology Of QE Is Far More Important Than The Amount Of It

    ZeroHedge - May 11th 2021 3:23pm EDT

    The Psychology Of QE Is Far More Important Than The Amount Of It Authored by Mike Shedlock via MishTalk.com, Let’s discuss what QE really does vs the psychology of QE. John Hussman has an interesting take on “Quantitative Easing!” vs “Quantitative Easing” in his latest monthly missive Counting the Chickens Twice After decades of successfully navigating […]

  • Was The Worst Payroll Miss In History Inflationary?

    ZeroHedge - May 11th 2021 2:40pm EDT

    Was The Worst Payroll Miss In History Inflationary? By Jim Reid, chief credit strategist at Deutsche Bank Does the biggest downside miss in history for employment mean higher inflation? That’s the debate raging through markets and indeed DB research. I lean towards the inflation side. Remember the Chart of the Day on Thursday showing small […]

  • NYT Calls Out CDC Over Disingenuous COVID Guidance

    ZeroHedge - May 11th 2021 2:19pm EDT

    NYT Calls Out CDC Over Disingenuous COVID Guidance With Trump out of office and Biden now taking credit for all pandemic-related progress, several new studies – some of them picked up by MSM outlets, have significantly dialed back the fear (asymptomatic spread is less common than previously thought, surfaces are actually pretty safe, etc.). Now, […]

  • States Urge Facebook To Abandon Plan For Children’s Instagram

    ZeroHedge - May 11th 2021 2:00pm EDT

    States Urge Facebook To Abandon Plan For Children’s Instagram Authored by Janita Kan via The Epoch Times, A bipartisan coalition of attorneys general is urging Facebook to abandon its plans to create a platform for children under the age of 13. The attorneys general sent a letter to Facebook’s CEO Mark Zuckerberg arguing that the use of […]

  • Nasdaq Soars Back To Unchanged After Biggest Sell Program In History

    ZeroHedge - May 11th 2021 1:44pm EDT

    Nasdaq Soars Back To Unchanged After Biggest Sell Program In History Who could have seen that coming? Thanks to a few share buybacks (cough AMZN cough)… …the Nasdaq is now in the green for the day… The Nasdaq puked down below its 100DMA this morning and this rip back higher has pushed it back up […]

  • Has The Backlash Against Police-Bashing Begun?

    ZeroHedge - May 11th 2021 1:20pm EDT

    Has The Backlash Against Police-Bashing Begun? Authored by Pat Buchanan, Within hours of Saturday’s shooting in Times Square where three bystanders, including a 4-year-old girl, were wounded, the two leading candidates to replace Mayor Bill de Blasio were on-site. Brooklyn Borough President Eric Adams, a retired captain of the NYPD, and Andrew Yang, who declared: […]

  • Treasury Sells $58 Billion 3-Year Notes In Subpar, Tailing Auction

    ZeroHedge - May 11th 2021 1:11pm EDT

    Treasury Sells $58 Billion 3-Year Notes In Subpar, Tailing Auction The first refunding auction, the sale of $58 billion in 3Y paper, was just concluded and in keeping with the complete lack of excitement in the secondary Treasury market in recent weeks, today’s auction – the first of this week’s coupon sales – was quite […]

  • Unhinged Leftist Bette Midler Threatens To Kill Unvaccinated Kids

    ZeroHedge - May 11th 2021 12:40pm EDT

    Unhinged Leftist Bette Midler Threatens To Kill Unvaccinated Kids Authored by Steve Watson via Summit News, “Entertainer” Bette Midler has called for KILLING children who have not had COVID shots. In a completely mental tweet aimed at ‘anti-vaxxers’, the unhinged Midler advocated using peanut butter on kids with allergies if they haven’t been vaccinated against […]

  • Billionaire Alan Howard Returns Money From Secretive Hedge Fund After Record Run

    ZeroHedge - May 11th 2021 12:24pm EDT

    Billionaire Alan Howard Returns Money From Secretive Hedge Fund After Record Run Just weeks after Brevan Howard last made the headlines on reports that it was buying bitcoin as a hedge against de-dollarization, the firm’s billionaire co-founder Alan Howard has reportedly started returning assets from the main fund he has managed over the past year […]

  • Jim Grant: The Fed Can’t Control Inflation

    ZeroHedge - May 11th 2021 12:02pm EDT

    Jim Grant: The Fed Can’t Control Inflation Via SchiffGold.com, Federal Reserve Chairman Jerome Powell insists inflation is “transitory.” As prices have spiked throughout the economy, Powell’s messaging has essentially been, “Move along. Nothing to see here.” Peter Schiff has been saying the central bankers at the Fed can’t actually tell the truth about inflation because even if they acknowledge […]

  • EOS Soars As Thiel-Backed Group Inject $10 Billion Into Decentralized Crypto Exchange

    ZeroHedge - May 11th 2021 11:44am EDT

    EOS Soars As Thiel-Backed Group Inject $10 Billion Into Decentralized Crypto Exchange Block.one, a blockchain platform whose long-time backers include billionaire VC Peter Thiel, is launching a crypto exchange that seeks to combine attributes of traditional bourses with the benefits of decentralized finance. The exchange – will will be known as “Bullish Global” – is […]

  • A Pile Up Of Epic Proportions: Hedge Funds Short Tech Shares For 10th Straight Day

    ZeroHedge - May 11th 2021 11:31am EDT

    A Pile Up Of Epic Proportions: Hedge Funds Short Tech Shares For 10th Straight Day Late on Monday, we made two important observations: i) hedge funds had never been more levered to market moves, with gross leverage at all time highs, as hedge funds strive to extract every last ounce of beta from the market […]

  • New Military Letter Warning Of Civil War In France Gains Over 220,000 Signatures

    ZeroHedge - May 11th 2021 11:27am EDT

    New Military Letter Warning Of Civil War In France Gains Over 220,000 Signatures Via South Front, A group of currently serving French soldiers has published an open letter warning President Emmanuel Macron that the survival of France is at stake after his “concessions” to Islamism. The French government condemned it, as well as a similar […]

  • “We’re In A Raging Mania” – Druckenmiller Warns “Fed Is Endangering Dollar Reserve Status”

    ZeroHedge - May 11th 2021 11:06am EDT

    “We’re In A Raging Mania” – Druckenmiller Warns “Fed Is Endangering Dollar Reserve Status” Thanks to The Fed’s ongoing largesse, billionaire Stan Druckenmiller told CNBC this morning that “even a monkey can make money in these markets.” “We are still acting like we’re in a black hole,” warns the fund manager, questioning The Fed’s wisdom […]

  • Israel To Biden White House: Stay Out Of Jerusalem Crisis

    ZeroHedge - May 11th 2021 10:45am EDT

    Israel To Biden White House: Stay Out Of Jerusalem Crisis Authored by Dave DeCamp via AntiWar.com, With violence against Palestinians escalating in East Jerusalem, the US expressed “concerns” over the situation and the planned evictions in the Sheikh Jarrah neighborhood. According to multiple media reports, the Israelis didn’t want to hear these concerns and told the US […]

  • ARKK Gamma & What’s Really Behind The QQQrash?

    ZeroHedge - May 11th 2021 10:30am EDT

    ARKK Gamma & What’s Really Behind The QQQrash? Nomura’s “futures imbalance” monitor showed enormous sell pressure all day in NQ futs across all lots sizes (the largest in at least 1m), but particularly in our medium- and large- lot buckets, proxies for large HFs and Asset Managers aggressively selling / shorting… Two things were behind […]

  • Nobody Wants To Work: Job Openings Soar To Record High 8.1 Million, Smashing Wall Street Expectations

    ZeroHedge - May 11th 2021 10:22am EDT

    Nobody Wants To Work: Job Openings Soar To Record High 8.1 Million, Smashing Wall Street Expectations In case we needed more proof that the US labor market is in a supply-demand mismatch crisis, a few hours after the latest NFIB showed that it has never been more difficult for small business to fill job openings, […]