News From ZeroHedge, Page 2707

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  • 39% Of Younger Millennials Return Home Amid Crushing Recession 

    ZeroHedge - Aug 7th 2020 5:25pm EDT

    39% Of Younger Millennials Return Home Amid Crushing Recession  Tyler Durden Fri, 08/07/2020 – 17:25 The virus-induced recession has abruptly upended younger millennials (ages 24 to 29) from living on their own, have now moved back home, according to a new survey. The new survey, commissioned by TD Ameritrade (seen by CNBC), found that out of the 2,000 young millennials surveyed, about 39% […]

  • US-China Hotline Sparks Paranoia Among Military, Intel Officials

    ZeroHedge - Aug 7th 2020 5:05pm EDT

    US-China Hotline Sparks Paranoia Among Military, Intel Officials Tyler Durden Fri, 08/07/2020 – 17:05 Authored by Jason Ditz via AntiWar.com, High tensions mean communications are often difficult in the modern era, and countries have used a direct hotline as a way to keep things from spiraling out of control. Recently, the US and China are […]

  • Wirecard Fraudsters Looted $1 Billion From The Company Just Before ‘The Hammer Came Down’

    ZeroHedge - Aug 7th 2020 4:45pm EDT

    Wirecard Fraudsters Looted $1 Billion From The Company Just Before ‘The Hammer Came Down’ Tyler Durden Fri, 08/07/2020 – 16:45 Yesterday, we reported that a former Wirecard business partner named Christopher Bauer who likely played a key role in the $2 billion accounting fraud that was exposed in June, precipitating the company’s slide into bankruptcy, […]

  • 5 Ways “The New COVID Normal” Is Getting Worse And Worse

    ZeroHedge - Aug 7th 2020 4:25pm EDT

    5 Ways “The New COVID Normal” Is Getting Worse And Worse Tyler Durden Fri, 08/07/2020 – 16:25 Authored by Kit Knightly via Off-Guardian.org, It’s been a big few days for the New Normal narrative and, through the deliberately cultivated haze of confusion, it’s not hard to see the world they want to build is taking […]

  • Tech Tumbles Into Weekend, Copper Crumbles As Silver Soars

    ZeroHedge - Aug 7th 2020 4:00pm EDT

    Tech Tumbles Into Weekend, Copper Crumbles As Silver Soars Tyler Durden Fri, 08/07/2020 – 16:00 While stocks soared on the week (led by Small Caps’ best week in two months)… Today’s “good” news on jobs (spoiling the odds of more imminent money-printing) and stimulus plan delays (again less money to be thrown around) sparked the […]

  • UPitt Prof Stripped Of Position After Questioning Affirmative Action In Admissions

    ZeroHedge - Aug 7th 2020 3:45pm EDT

    UPitt Prof Stripped Of Position After Questioning Affirmative Action In Admissions Tyler Durden Fri, 08/07/2020 – 15:45 Authored by Jonathan Turley, This week I testified in the Senate about the erosion of free speech and academic freedom in our universities where professors are being punished or even fired for expressing viewpoints that challenge a new orthodoxy on […]

  • US Consumer Credit Rises For The First TIme Since The Covid Crisis

    ZeroHedge - Aug 7th 2020 3:30pm EDT

    US Consumer Credit Rises For The First TIme Since The Covid Crisis Tyler Durden Fri, 08/07/2020 – 15:30 After three months of record declines, total US consumer credit posted its first increase in the month of June since the covid crisis, rising by a modest $8.9 billion, below the $10 billion expected, but the positive […]

  • Portland Mayor Turns On Protesters, Accuses Them Of ‘Attempting To Commit Murder’

    ZeroHedge - Aug 7th 2020 3:10pm EDT

    Portland Mayor Turns On Protesters, Accuses Them Of ‘Attempting To Commit Murder’ Tyler Durden Fri, 08/07/2020 – 15:10 Three weeks ago, Portland Mayor Ted Wheeler was standing shoulder to shoulder with angry protesters, gagging on tear gas in a show of solidarity against federal agents sent there to restore order. Now, the federal agents are […]

  • Inequality Has Never Been Bigger: Financial Assets Hit A Record 620% Of GDP

    ZeroHedge - Aug 7th 2020 2:55pm EDT

    Inequality Has Never Been Bigger: Financial Assets Hit A Record 620% Of GDP Tyler Durden Fri, 08/07/2020 – 14:55 It was about a year ago when we showed a snapshot of the outrages wealth imbalance in the US with the help of just one metric: as of Aug 2019, Wall Street (US private sector financial […]

  • Schiff: People Don’t Understand The Significance Of $2,000 Gold

    ZeroHedge - Aug 7th 2020 2:42pm EDT

    Schiff: People Don’t Understand The Significance Of $2,000 Gold Tyler Durden Fri, 08/07/2020 – 14:42 Via SchiffGold.com, Gold reached a new milestone Tuesday, breaking above $2,000 for the first time ever. The yellow metal closed just above $2,017 an ounce. Peter talked about gold’s new record high and what it’s telling us in his latest podcast. He […]

  • New Yorkers, Crushed By Pandemic, See $336 Billion In Personal Wealth Evaporate

    ZeroHedge - Aug 7th 2020 2:10pm EDT

    New Yorkers, Crushed By Pandemic, See $336 Billion In Personal Wealth Evaporate Tyler Durden Fri, 08/07/2020 – 14:10 Many U.S. cities are emerging from the coronavirus pandemic that has triggered the most severe economic contraction since the Great Depression of the 1930s.  Research firms Webster Pacific and New World Wealth have published a new report (seen […]

  • US Oil Rig Count Hits 15-Year-Low, Shale Remains In ‘Survival’ Mode

    ZeroHedge - Aug 7th 2020 1:55pm EDT

    US Oil Rig Count Hits 15-Year-Low, Shale Remains In ‘Survival’ Mode Tyler Durden Fri, 08/07/2020 – 13:55 The number of rigs drilling for oil in the U.S. fell by 4 in the past week to 176, according to oil-field services company Baker Hughes. That represented a decline of 588 from the year-ago period, when there […]

  • “Tsunami Of Rage”: Lebanon Braces For Mass Protests Over Blast, Economy In Free Fall

    ZeroHedge - Aug 7th 2020 1:35pm EDT

    “Tsunami Of Rage”: Lebanon Braces For Mass Protests Over Blast, Economy In Free Fall Tyler Durden Fri, 08/07/2020 – 13:35 Lebanon is bracing itself for a return to the massive demonstrations and riots which gripped the streets for much of last year, leading to closures of highways, banks, and public buildings. Like the years-long banking […]

  • ‘Good News Is Bad News’? – Tech, Bonds, & Bullion Are All Getting Whacked

    ZeroHedge - Aug 7th 2020 12:59pm EDT

    ‘Good News Is Bad News’? – Tech, Bonds, & Bullion Are All Getting Whacked Tyler Durden Fri, 08/07/2020 – 12:59 Small Caps are soaring… short-squeezed ever higher but the big tech Nasdaq is down hard today… Bonds are being sold And gold (and silver) are being dumped…   Is “good” jobs news, “bad” money-printing/stimulus news? […]

  • Buchanan On Biden’s Game Plan: Take No Risks & Run Out The Clock

    ZeroHedge - Aug 7th 2020 12:45pm EDT

    Buchanan On Biden’s Game Plan: Take No Risks & Run Out The Clock Tyler Durden Fri, 08/07/2020 – 12:45 Authored by Patrick Buchanan via Buchanan.org, When Vice President Calvin Coolidge ascended to the presidency on the death of Warren Harding in 1923, a wag remarked that Silent Cal’s career had exhibited unmistakable signs of celestial […]

  • Trump’s WeChat Ban To Have Little Impact On Tencent; Tech War Confirmed 

    ZeroHedge - Aug 7th 2020 12:30pm EDT

    Trump’s WeChat Ban To Have Little Impact On Tencent; Tech War Confirmed  Tyler Durden Fri, 08/07/2020 – 12:30 The Chinese investment bank, China Renaissance, found that President Trump’s executive order to ban U.S. residents from doing any business with Chinese messenger WeChat in about 45 days would have little impact on Tencent Holding’s revenue.  “Tencent’s non-China revenue (2019) accounted for less […]

  • Millions Of Workers Suffering From Repeat Layoffs

    ZeroHedge - Aug 7th 2020 12:10pm EDT

    Millions Of Workers Suffering From Repeat Layoffs Tyler Durden Fri, 08/07/2020 – 12:10 Authored by Mike Shedlock via MishTalk, Due to failed reopenings people have been called back to work only to be laid off again. The California Policy Lab has interesting insights into Unemployment Insurance Claims in  California During the COVID-19 Pandemic.   Key Findings The number […]

  • Ex-Colleagues See Durham Dropping Bombshells Before Labor Day

    ZeroHedge - Aug 7th 2020 11:32am EDT

    Ex-Colleagues See Durham Dropping Bombshells Before Labor Day Tyler Durden Fri, 08/07/2020 – 11:32 By Paul Sperry of Real Clear Investigations While much speculation inside the Beltway says U.S. Attorney John Durham will punt the results of his so-called Spygate investigation past the election to avoid charges of political interference, sources who have worked with […]

  • India Surpasses 2 Million Infections Despite Months-Long Lockdown

    ZeroHedge - Aug 7th 2020 11:13am EDT

    India Surpasses 2 Million Infections Despite Months-Long Lockdown Tyler Durden Fri, 08/07/2020 – 11:13 For obvious reasons, India has been focus of concern for global health officials from the start of the pandemic crisis, given its tightly packed population of over 1.3 billion. The country hit a grim milestone on Friday, surpassing 2 million confirmed […]

  • Raoul Pal: “It May Not Be Worth Owning Any Asset Other Than Bitcoin”

    ZeroHedge - Aug 7th 2020 10:55am EDT

    Raoul Pal: “It May Not Be Worth Owning Any Asset Other Than Bitcoin” Tyler Durden Fri, 08/07/2020 – 10:55 Authored by Turner Wright via CoinTelegraph.com, Raoul Pal, CEO and founder of Real Vision, says Bitcoin may soon become his only asset for long-term investments. image courtesy of CoinTelegraph CEO and founder of Real Vision Raoul […]

  • Nomura Fears ‘Reversal’ – 5 Reasons To Fade The Treasury Rally

    ZeroHedge - Aug 7th 2020 10:41am EDT

    Nomura Fears ‘Reversal’ – 5 Reasons To Fade The Treasury Rally Tyler Durden Fri, 08/07/2020 – 10:41 Treasury yields have been a one-way street lower since the June FOMC ‘all-in’ statement, plunging to record lows across the entire curve as hopes for the v-shaped-recovery and the boot of central bank repression stomp any brief spike […]

  • Trump “Not Bluffing” Over Stimulus Executive Order Amid Washington Stalemate

    ZeroHedge - Aug 7th 2020 10:26am EDT

    Trump “Not Bluffing” Over Stimulus Executive Order Amid Washington Stalemate Tyler Durden Fri, 08/07/2020 – 10:26 Negotiations between the Trump administration and Democratic congressional leaders on another round of stimulus broke down Thursday night. The deadlock between both sides could result in President Trump issuing an executive order to re-appropriate money already appropriated by Congress and instead […]

  • Trump: “This May Be The Last Time You’ll See Me For A While”

    ZeroHedge - Aug 7th 2020 10:10am EDT

    Trump: “This May Be The Last Time You’ll See Me For A While” Tyler Durden Fri, 08/07/2020 – 10:10 Authored by Paul Joseph Watson via Summit News, Remarks made by President Trump during a speech have prompted speculation after he referred to having a lot of rich enemies and told the audience, “This may be […]

  • Lebanese President: We Will Investigate “Possible External Interference” In Historic Beirut Blast

    ZeroHedge - Aug 7th 2020 9:53am EDT

    Lebanese President: We Will Investigate “Possible External Interference” In Historic Beirut Blast Tyler Durden Fri, 08/07/2020 – 09:53 With more than 3,000 Beirut families now homeless, and more than 150 have officially been declared death as the search for remains over the massive blast site continues, Lebanese President Michel Aoun said Friday that an official […]

  • Luongo: The DNC Convention Is The Election

    ZeroHedge - Aug 7th 2020 9:40am EDT

    Luongo: The DNC Convention Is The Election Tyler Durden Fri, 08/07/2020 – 09:40 Authored by Tom Luongo via The Strategic Culture Foundation, For nearly a year it has been my primary thesis that the DNC nominating convention would determine the fate of the presidential election here in the states. These four days may, in fact, […]