News From ZeroHedge, Page 2706

RSS

  • Zuck’d Again? State Governors Say Facebook Contacted Them About “Reopen America” Events

    ZeroHedge - Apr 21st 2020 5:30pm EDT

    Zuck’d Again? State Governors Say Facebook Contacted Them About “Reopen America” Events Authored by Steve Watson via Summit News, State governors have denied asking Facebook to remove ‘Reopen America’ event pages, saying that it was the social network that contacted them over the matter, not the other way around as initially reported. Fake news CNN […]

  • Interactive Brokers Stuck With $88 Million Loss After Oil-Trading Clients Bust

    ZeroHedge - Apr 21st 2020 5:15pm EDT

    Interactive Brokers Stuck With $88 Million Loss After Oil-Trading Clients Bust We said “there will be blood” after yesterday’s historic collapse in crude futures prices… and now we know where the first blood is. In a statement from Interactive Brokers Group, they admit some of their clients faced losses that were not covered (remember, futures […]

  • United Airlines Stock Slides After Massive Secondary Offering

    ZeroHedge - Apr 21st 2020 4:59pm EDT

    United Airlines Stock Slides After Massive Secondary Offering One word – “Bravo”… a publicy-traded firm that chooses to raise its own capital rather than rely on government bailouts to save it from its historically bad decisions. United Airlines shares are sliding after hours – though not devastatingly… …after announcing: United Airlines Holdings, Inc.  today announced […]

  • Watch Live: White House Coronavirus Task Force Holds Tuesday Briefing

    ZeroHedge - Apr 21st 2020 4:55pm EDT

    Watch Live: White House Coronavirus Task Force Holds Tuesday Briefing After using yesterday’s press conference to share his thoughts about the unprecedented move in front-month oil futures well below $0, we suspect we’ll hear more on the subject Tuesday evening, as talk about a possible energy industry bailout as the financial press has spent most […]

  • Peter Schiff: The Questions Nobody Is Asking

    ZeroHedge - Apr 21st 2020 4:45pm EDT

    Peter Schiff: The Questions Nobody Is Asking Via SchiffGold.com, There seems to be growing optimism that we’re nearing the end of the coronavirus lockdown. Stocks have rallied despite dismal economic numbers. But Peter Schiff says there are some important questions nobody is asking, especially when it comes to the insane Federal Reserve monetary policy. The […]

  • WTI Maintains Losses As Crude Inventories Rise For 13th Straight Week

    ZeroHedge - Apr 21st 2020 4:35pm EDT

    WTI Maintains Losses As Crude Inventories Rise For 13th Straight Week Oil’s collapse is deepening and spreading across the entire complex as a massive supply glut brought on by the pandemic (and not helped yet by OPEC+ production cuts) and a worldwide shortage of storage space have touched off relentless rout that has shifted the […]

  • Netflix Adds Record 15.77MM Paid Subs, Crushing Estimates Thanks To Lockdown Surge

    ZeroHedge - Apr 21st 2020 4:22pm EDT

    Netflix Adds Record 15.77MM Paid Subs, Crushing Estimates Thanks To Lockdown Surge While recent earnings reports from streaming giant Netflix have been a mixed bag, missing badly three quarters ago when US subs declined and forecasting the first annual drop this decade, then smashing expectations two quarters ago, and finally last quarter when it beat […]

  • ECB To Discuss Accepting Junk Bonds As Collateral

    ZeroHedge - Apr 21st 2020 3:52pm EDT

    ECB To Discuss Accepting Junk Bonds As Collateral Now that the Fed has opened the pandora’s box of moral hazard by purchasing select junk bonds, every other central bank would like a piece of the action. And sure enough, as Bloomberg reports, on Wednesday evening the ECB will hold a call where they may discuss […]

  • Another Million Homeowners Just Applied For COVID-19 Forbearance In The Past Week

    ZeroHedge - Apr 21st 2020 3:45pm EDT

    Another Million Homeowners Just Applied For COVID-19 Forbearance In The Past Week Last week we reported that the number of Americans applying for the government’s mortgage forbearance program had spiked to 3.74%, up from 2.73% the week before. One week later, total home loans in pandemic-induced forbearance stand at 5.95%, an increase of 60% on […]

  • Barr Says DoJ Might Join Lawsuits Against States That Don’t Reopen Fast Enough

    ZeroHedge - Apr 21st 2020 3:25pm EDT

    Barr Says DoJ Might Join Lawsuits Against States That Don’t Reopen Fast Enough During an interview with conservative radio host Hugh Hewitt, Attorney General William Barr, who has heretofore enjoyed a reputation as one of the cagiest members of the cabinet, has just made a massive political blunder. Whether he did it at the best […]

  • It’s Not Just Oil: Another Critical Index Turns Negative, Hinting Funding “Crisis” Has Returned

    ZeroHedge - Apr 21st 2020 2:42pm EDT

    It’s Not Just Oil: Another Critical Index Turns Negative, Hinting Funding “Crisis” Has Returned It’s not the WTI May contract that shocked investors when it traded as far negative as -$40 on the historic date of April 20: also dipping into negative territory was another benchmark indicator, arguably far more important than an oil future […]

  • Most Americans Are Not Going To Be Able To Handle What Lies Ahead

    ZeroHedge - Apr 21st 2020 2:25pm EDT

    Most Americans Are Not Going To Be Able To Handle What Lies Ahead Authored by Michael Snyder via TheMostImportantNews.com, Based on how Americans are handling the COVID-19 lockdowns, it is hard to be optimistic about what will happen when a really severe crisis hits us.  Yes, this pandemic is definitely a great tragedy.  There are […]

  • Mexico Cuts Rates 50bps In Surprise Move, Warns Of GDP Plunge

    ZeroHedge - Apr 21st 2020 2:14pm EDT

    Mexico Cuts Rates 50bps In Surprise Move, Warns Of GDP Plunge In a unanimous decision, Banxico’s board surprised the market and lowered the reference rate by 50bps to 6% in the face of a widely-expected recession in the country this year (which it now expects to be a 1H 2020 drop of more than 5% YoY). […]

  • After Billions In Losses, Michael Hasenstab Finally Closes His Treasury Short

    ZeroHedge - Apr 21st 2020 2:06pm EDT

    After Billions In Losses, Michael Hasenstab Finally Closes His Treasury Short There is a saying that bull markets make geniuses out of the biggest idiots, and when it comes one of the world’s most famous “traders”, we just saw that saying in action. Last October, two months after we reported that Templeton’s “investing wudnerkind” Michael […]

  • The Next Major Battle Pits Restaurants Against Insurers

    ZeroHedge - Apr 21st 2020 2:01pm EDT

    The Next Major Battle Pits Restaurants Against Insurers Authored by Mike Shedlock via MishTalk, A big lobbyist fight is underway in Congress. It pits restaurants against insurers. Hard-hit restaurants press business-interruption claims even on policies that excluded pandemics. For example, Wolfgang Puck does not have a pandemic policy. It expects Congress to take care of […]

  • Black Gold Bloodbath – USO & June/July WTI Futures Are Collapsing

    ZeroHedge - Apr 21st 2020 1:49pm EDT

    Black Gold Bloodbath – USO & June/July WTI Futures Are Collapsing Forget Turnaround Tuesday… Oil is a “dangerous market to trade in right now,” said Pierre Andurand, founder of Andurand Capital Management LLP, in a Bloomberg TV interview. The market needs shutins to happen now, he said. “This has changed everything,” said Monica Malik, chief economist at Abu […]

  • SBA Exposes Private Information Of 8,000 Small Businesses In ‘Accidental’ Website Leak

    ZeroHedge - Apr 21st 2020 1:42pm EDT

    SBA Exposes Private Information Of 8,000 Small Businesses In ‘Accidental’ Website Leak Never forget that the government is one giant DMV (it’s one of many reasons why so many millions of Americans are wary of universal health care). Minutes ago, CNBC reported that the private and “personally identifiable information” of as many as 8,000 small […]

  • Morgan Stanley’s Oracle Turns Bearish Again: “Stocks Are Now Overbought… A Correction Will Begin Soon”

    ZeroHedge - Apr 21st 2020 1:36pm EDT

    Morgan Stanley’s Oracle Turns Bearish Again: “Stocks Are Now Overbought… A Correction Will Begin Soon” For much of 2019, Morgan Stanley’s chief equity strategist Michael Wilson issued a weekly sermon of fire and brimstone in his Monday Morning market takes, which contrasted with the generally euphoric pronouncements by his peers at other banks – most […]

  • First, Do No Harm! The Unseen Death Toll Of COVID-19 Measures

    ZeroHedge - Apr 21st 2020 1:16pm EDT

    First, Do No Harm! The Unseen Death Toll Of COVID-19 Measures Authored by California Congressman Tom McClintock, The accumulating death toll from Covid-19 can be seen minute-by-minute on cable news channels.  But there’s another death toll few seem to care much about: the number of poverty-related deaths being set in motion by deliberately plunging millions […]

  • Is This The Next Giant Industry In Need Of A Bailout?

    ZeroHedge - Apr 21st 2020 11:56am EDT

    Is This The Next Giant Industry In Need Of A Bailout? Authored by Simon Black via SovereignMan.com, Well this is starting to become a trend. Over the past few weeks, state governments across the Land of the Free have been feverishly proposing new legislation that will virtually guarantee the entire insurance industry is wiped out. […]

  • Here’s Where All 50 States Stand On Reopening Their Economies

    ZeroHedge - Apr 21st 2020 11:35am EDT

    Here’s Where All 50 States Stand On Reopening Their Economies As the debate about when, where and how to reopen the American economy rages on, here’s where all 50 states stand on reopening their economies, now that the White House has released its ‘guidelines’ and delegated ultimate authority to the governors of each state. Here’s […]

  • Here Are The ‘Publicly Traded’ Companies That Quietly Got A ‘Small Business’ Bailout

    ZeroHedge - Apr 21st 2020 11:00am EDT

    Here Are The ‘Publicly Traded’ Companies That Quietly Got A ‘Small Business’ Bailout With scores of small businesses in dire straits due to the coronavirus lockdown, the $349 billion bailout designed to help them was raided by public companies and hedge funds. According to the Financial Times, over 80 publicly listed companies tapped the Paycheck […]

  • The Third Largest Oil ETN Is Liquidating

    ZeroHedge - Apr 21st 2020 10:32am EDT

    The Third Largest Oil ETN Is Liquidating Having seen its share of gratuitous use over the years, now may be the best time ever to pull up the infamous Martha Stewart tweet: OiI — Martha Stewart (@MarthaStewart) April 22, 2013 The reason is that while the largest crude oil ETF, the USO, which had just […]

  • Paris Police Fire Tear Gas As Minorities Riot Over “Racist” Lockdown Treatment

    ZeroHedge - Apr 21st 2020 10:20am EDT

    Paris Police Fire Tear Gas As Minorities Riot Over “Racist” Lockdown Treatment Lockdown protests across the Western world have become more widespread. Economies have crashed, unemployment is soaring, and people are losing their minds in quarantine.  France is the latest country to observe social unrest, more specifically in Paris, as the second night of riots […]

  • Existing Home Sales Tumble In March, Face 40% Collapse, NAR Warns

    ZeroHedge - Apr 21st 2020 10:10am EDT

    Existing Home Sales Tumble In March, Face 40% Collapse, NAR Warns Sales of previously owned U.S. homes dropped in March by the most since November 2015, representing weaker demand that likely is going to get much worse in coming months as the pandemic bears down on the economy. Contract closings declined 8.5% from the prior month to […]