News From ZeroHedge, Page 2710

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  • Pandemic Triggers Rapid Food Inflation As Unemployment Remains At Great Depression Levels

    ZeroHedge - Aug 6th 2020 6:15pm EDT

    Pandemic Triggers Rapid Food Inflation As Unemployment Remains At Great Depression Levels Tyler Durden Thu, 08/06/2020 – 18:15 Food prices at supermarkets surged during the pandemic as tens of millions of Americans lost their jobs.  According to the latest seasonally adjusted data by the Bureau of Economic Analysis (BEA), the virus pandemic has had a […]

  • US Negotiates First Ever Transfer Of Military Drones To Taiwan After Beijing Slams ‘One China’ Violations

    ZeroHedge - Aug 6th 2020 6:05pm EDT

    US Negotiates First Ever Transfer Of Military Drones To Taiwan After Beijing Slams ‘One China’ Violations Tyler Durden Thu, 08/06/2020 – 18:05 Washington is upping the ante on China with what will be interpreted as a new direct frontal assault on the decades-old ‘One China’ official policy which has preserved the status quo in Taiwan.  Over […]

  • US Colleges Are Split Between In-Person And “Hybrid” Learning Plans For The Fall Semester

    ZeroHedge - Aug 6th 2020 5:25pm EDT

    US Colleges Are Split Between In-Person And “Hybrid” Learning Plans For The Fall Semester Tyler Durden Thu, 08/06/2020 – 17:25 As public school districts in parts of the US start to reopen, small business owners around the country are turning their attention to one all-important question: how are colleges planning to reopen? And what does […]

  • Russia-China “Dedollarization” Reaches “Breakthrough Moment” As Countries Ditch Greenback For Bilateral Trade

    ZeroHedge - Aug 6th 2020 5:05pm EDT

    Russia-China “Dedollarization” Reaches “Breakthrough Moment” As Countries Ditch Greenback For Bilateral Trade Tyler Durden Thu, 08/06/2020 – 17:05 Late last year, data released by the PBOC and the Russian Central Bank shone a light on a disturbing – at least, for the US – trend: As the Trump Administration ratcheted up sanctions pressure on Russia […]

  • “Significantly Reducing Prices” – Manhattan Developer Slashes Prices Of Unsold Luxury Condos

    ZeroHedge - Aug 6th 2020 4:45pm EDT

    “Significantly Reducing Prices” – Manhattan Developer Slashes Prices Of Unsold Luxury Condos Tyler Durden Thu, 08/06/2020 – 16:45 The virus pandemic and social unrest have already sparked an exodus from major cities and now, the ability to work remotely has likely contributed to the decline in luxury condo prices.  Wealthy elites, those who still have the economic mobility to flee […]

  • Gen. Flynn Warns Of “Vicious Assault By Enemies On All That Is Good” In ‘Letter To America’

    ZeroHedge - Aug 6th 2020 4:25pm EDT

    Gen. Flynn Warns Of “Vicious Assault By Enemies On All That Is Good” In ‘Letter To America’ Tyler Durden Thu, 08/06/2020 – 16:25 Authored by General Michael Flynn, via WesternJournal.com, This Is My Letter To America We are witnessing a vicious assault by enemies of all that is good, and our president is having to […]

  • The Endless Melt Up: Gold Soars, Global Stocks Turn Green For 2020; Apple $2 Trillion Any Second

    ZeroHedge - Aug 6th 2020 4:09pm EDT

    The Endless Melt Up: Gold Soars, Global Stocks Turn Green For 2020; Apple $2 Trillion Any Second Tyler Durden Thu, 08/06/2020 – 16:09 Yesterday we compared this centrally-planned joke of a “market” to a physical class, one in which Newton’s first law was on full display, to wit: These days Newton’s first law is as […]

  • Texas Cops In Military-Style Raid On Man’s Home For Benefit Of Reality TV Show

    ZeroHedge - Aug 6th 2020 3:45pm EDT

    Texas Cops In Military-Style Raid On Man’s Home For Benefit Of Reality TV Show Tyler Durden Thu, 08/06/2020 – 15:45 Authored By John Vibes Via The Libertarian Institute,  The controversial reality TV show “Live PD” was recently taken off the air, as the country is beginning to rethink its relationship with police, and how they […]

  • Death Of A Salesman: Goldman Is Building An App To Find M&A Deals And Ward Off Activist Investor “Attacks”

    ZeroHedge - Aug 6th 2020 3:25pm EDT

    Death Of A Salesman: Goldman Is Building An App To Find M&A Deals And Ward Off Activist Investor “Attacks” Tyler Durden Thu, 08/06/2020 – 15:25 Are you a Goldman Sachs client stuck at home and, as a result, worried that the M&A pipeline might dry up? Perhaps you’re worried that an activist investor could take advantage […]

  • Dan Loeb Explains Why He Went Long Amazon, Disney In The Quarter He Returned As CIO

    ZeroHedge - Aug 6th 2020 3:10pm EDT

    Dan Loeb Explains Why He Went Long Amazon, Disney In The Quarter He Returned As CIO Tyler Durden Thu, 08/06/2020 – 15:10 There were several notable highlights in the latest Third Point investor letter published today. The first is that following an ugly first quarter to 2020, Dan Loeb’s hedge fund returned 10.8% in its […]

  • Over 70% Of Americans Afraid To Visit Doctor Due To COVID-19: Survey

    ZeroHedge - Aug 6th 2020 2:45pm EDT

    Over 70% Of Americans Afraid To Visit Doctor Due To COVID-19: Survey Tyler Durden Thu, 08/06/2020 – 14:45 A recent survey reveals that 71% of Americans are afraid to visit the doctor due to COVID-19, while the use of telemedicine to address medical issues has exploded – with 67% of those surveyed reporting having used […]

  • Trump’s ‘Special Envoy’ To Tehran Quits As UN Vote To Extend Iranian Arms Embargo Looms

    ZeroHedge - Aug 6th 2020 2:43pm EDT

    Trump’s ‘Special Envoy’ To Tehran Quits As UN Vote To Extend Iranian Arms Embargo Looms Tyler Durden Thu, 08/06/2020 – 14:43 During a day where there have been “a lot of crosscurrents” unfolding as the world awaits word from a 5pm negotiating session between the White House and Congressional Dems, Brian Hook, the Trump Administration’s […]

  • 1000s Of Mail-In Ballots Once Deemed Invalid Now Ordered To Be Counted In NYC

    ZeroHedge - Aug 6th 2020 2:35pm EDT

    1000s Of Mail-In Ballots Once Deemed Invalid Now Ordered To Be Counted In NYC Tyler Durden Thu, 08/06/2020 – 14:35 Authored by Ben Wilson via SaraACarter.com, A multitude of ballots intended for the New York June 23 election were deemed invalid due to not having postmarks or arriving at offices after the election — a federal judge […]

  • “Federal Agents In Portland Aren’t The Gestapo, Storm Troopers, Or Thugs” – Acting Homeland Security Chief Testifies Before Senate

    ZeroHedge - Aug 6th 2020 2:15pm EDT

    “Federal Agents In Portland Aren’t The Gestapo, Storm Troopers, Or Thugs” – Acting Homeland Security Chief Testifies Before Senate Tyler Durden Thu, 08/06/2020 – 14:15 As riots smoulder in downtown Portland, Acting Homeland Security Secretary Chad Wolf appeared before the Senate Homeland Security And Governmental Affairs Committee on Thursday morning to defend the federal intervention […]

  • US/China “Phase One” Agreement: Good Luck With The Compliance Review

    ZeroHedge - Aug 6th 2020 1:55pm EDT

    US/China “Phase One” Agreement: Good Luck With The Compliance Review Tyler Durden Thu, 08/06/2020 – 13:55 Submitted by Christophe Barraud On Tuesday, Bloomberg reported that “Senior U.S. and Chinese officials are planning to assess the nations’ trade agreement this month against a backdrop of rising tensions between the countries, according to people briefed on the […]

  • Project Veritas Founder James O’Keefe Sues FBI

    ZeroHedge - Aug 6th 2020 1:35pm EDT

    Project Veritas Founder James O’Keefe Sues FBI Tyler Durden Thu, 08/06/2020 – 13:35 Project Veritas founder James O’Keefe is suing the FBI after the agency denied his application to buy a firearm because he is erroneously listed as a felon in the NICS criminal background check system maintained by the FBI. O’Keefe attempted to purchase […]

  • Falling Into The Abyss Between Wall Street And Main Street

    ZeroHedge - Aug 6th 2020 1:15pm EDT

    Falling Into The Abyss Between Wall Street And Main Street Tyler Durden Thu, 08/06/2020 – 13:15 Authored by Charles Hugh Smith via The Daily Reckoning blog, I know this runs counter to every dominant narrative, but a vaccine doesn’t really matter, opening up doesn’t really matter, and the size of the “free money” stimulus checks […]

  • Biden Asked Point Blank About Apparent Cognitive Decline… It Didn’t Go Well

    ZeroHedge - Aug 6th 2020 12:55pm EDT

    Biden Asked Point Blank About Apparent Cognitive Decline… It Didn’t Go Well Tyler Durden Thu, 08/06/2020 – 12:55 Over much of the past year there’s been increased scrutiny focused on presumptive Democratic presidential nominee Joe Biden’s possible cognitive decline, given a series of bizarre statements, mishaps, and sometimes testy exchanges with constituents. To our knowledge, […]

  • Microsoft Reportedly Expands Scope Of TikTok Deal Talks To Cover Entire Ex-China Business

    ZeroHedge - Aug 6th 2020 12:39pm EDT

    Microsoft Reportedly Expands Scope Of TikTok Deal Talks To Cover Entire Ex-China Business Tyler Durden Thu, 08/06/2020 – 12:39 Updates about the ongoing deal talks between Microsoft and ByteDance are arriving almost as rapidly as updates about the ongoing negotiations between the White House and Congressional Democrats over an extension of financial relief for American […]

  • Filling In The Gaps

    ZeroHedge - Aug 6th 2020 12:25pm EDT

    Filling In The Gaps Tyler Durden Thu, 08/06/2020 – 12:25 Authored by Sven Henrich via NorthmanTrader.com, I had the pleasure of speaking with Raoul Pal of RealVision a few weeks ago. The interview was recorded in mid July and it was an opportunity have a heart to heart discussion about the key big issues all […]

  • China Helped Saudis Build Secret Nuclear Site For Extracting Yellowcake: WSJ

    ZeroHedge - Aug 6th 2020 12:04pm EDT

    China Helped Saudis Build Secret Nuclear Site For Extracting Yellowcake: WSJ Tyler Durden Thu, 08/06/2020 – 12:04 When it comes to America’s allies in the Middle East, Washington has long “looked the other way” while they recklessly pursue questionable weapons technology. Think Pakistan’s nuclear program at a time when the Reagan administration prioritized fighting the […]

  • The Open Trap Door Under Real Yields Rings Many Alarms

    ZeroHedge - Aug 6th 2020 11:45am EDT

    The Open Trap Door Under Real Yields Rings Many Alarms Tyler Durden Thu, 08/06/2020 – 11:45 By Laura Cooper, market strategist at Bloomberg With no imminent end to collapsing real yields – which just hit a new record low -1.10%, the side effects of financial repression warn of stagflation, asset bubbles and policy impotence. Fresh […]

  • NY AG Accuses NRA Of “Massive Fraud”, Seeks To “Dismantle” Guns-Rights Organization

    ZeroHedge - Aug 6th 2020 11:44am EDT

    NY AG Accuses NRA Of “Massive Fraud”, Seeks To “Dismantle” Guns-Rights Organization Tyler Durden Thu, 08/06/2020 – 11:44 Update (1140ET): James is starting off the hearing by detailing a state lawsuit against the NRA and seeking the dissolution of the pro-second amendment organization, one of several subjects she was expected to address today. BBG published […]

  • Capital One Hit With $80 Million Fine, Cease & Desist Order, Over 2019 Data Breach

    ZeroHedge - Aug 6th 2020 11:21am EDT

    Capital One Hit With $80 Million Fine, Cease & Desist Order, Over 2019 Data Breach Tyler Durden Thu, 08/06/2020 – 11:21 The Fed on Thursday announced a new fine imposed on Capital One for a massive data breach last year that impacted more than 100 million people. Within 90 days, the company must also submit […]

  • The Unraveling Will Accelerate

    ZeroHedge - Aug 6th 2020 11:15am EDT

    The Unraveling Will Accelerate Tyler Durden Thu, 08/06/2020 – 11:15 Authored by Charles Hugh Smith via The Daily Reckoning, Since the first news of pandemic in late January, I’ve been discussing potential accelerants to the unraveling of our fragile financial system. The system appears stable until a catalyst pushes it off the cliff. Catalysts come […]