News From ZeroHedge, Page 2715

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  • Congress Proposes 50% Tax On Guns & Ammo In The US

    ZeroHedge - Apr 3rd 2020 6:00pm EDT

    Congress Proposes 50% Tax On Guns & Ammo In The US Authored by Simon Black via SovereignMan.com, Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, your finances, and your prosperity… and on occasion, poetic justice. Street Gangs […]

  • Biotech CEO Featured In ‘Pandemic’ Documentary May Have COVID-19 Cure

    ZeroHedge - Apr 3rd 2020 5:40pm EDT

    Biotech CEO Featured In ‘Pandemic’ Documentary May Have COVID-19 Cure A San Francisco biotech executive featured in the Netflix documentary “Pandemic” announced this week that he and his team may have a cure for coronavirus which is headed to the US military for testing. Dr. Jacob Glanville of Distributed Bio tweeted on Tuesday that after […]

  • A Boomer Elegy: To Millennials & Gen-X’ers, “I Am Sincerely Sorry”

    ZeroHedge - Apr 3rd 2020 5:20pm EDT

    A Boomer Elegy: To Millennials & Gen-X’ers, “I Am Sincerely Sorry” Authored by James Howard Kunstler via Kunstler.com, History will probably record that America’s Baby Boom generation threw one helluva party; Gen X was left with the sorry task of cleanup crew; and the Millennials ended up squatting in the repossessed haunted party-house when it […]

  • Supermarket Dunks Shopping Carts Into Giant Vats Of Disinfectants To Protect Customers From Virus

    ZeroHedge - Apr 3rd 2020 5:00pm EDT

    Supermarket Dunks Shopping Carts Into Giant Vats Of Disinfectants To Protect Customers From Virus A supermarket in Philadelphia has taken sanitizing to a whole new level, dunking shopping carts into three large containers of cleaning solutions to give customers the peace of mind they won’t contract COVID-19. KYW Newsradio reports that Rittenhouse Market, located on 1733 Spruce […]

  • When It’s Over, Will We Be The Same America?

    ZeroHedge - Apr 3rd 2020 4:45pm EDT

    When It’s Over, Will We Be The Same America? Authored by Patrick Buchanan via Buchanan.org, “Depend upon it, sir, when a man knows he is to be hanged in a fortnight, it concentrates his mind wonderfully,” said Samuel Johnson. And as it is with men, so it is with nations. Monday, Dr. Deborah Birx, White […]

  • Small Texas City Fines Residents $1,000 For Not Wearing Masks Amid Outbreak

    ZeroHedge - Apr 3rd 2020 4:30pm EDT

    Small Texas City Fines Residents $1,000 For Not Wearing Masks Amid Outbreak At a moment the Trump administration debates the merits of urging citizens nation-wide to don protective face masks when they go outside or to super markets, a small Texas border town has gone so far as to legally mandate it, and has authorized police to strictly enforce […]

  • AOC Demands COVID-19 “Reparations” For Black+Brown People

    ZeroHedge - Apr 3rd 2020 4:15pm EDT

    AOC Demands COVID-19 “Reparations” For Black+Brown People Update (1615ET): AOC is making further headlines as a NYPost report exposes her lavish “locked-down” lifestyle: “While Queens and The Bronx have lines down the block at hospitals and grocery stores, AOC is holed up at a brand new luxury apartment where she shops at Whole Foods in […]

  • Oil Jumps, Stocks Dump As ‘Helicopter Money’ Sends USA Risk Soaring

    ZeroHedge - Apr 3rd 2020 4:00pm EDT

    Oil Jumps, Stocks Dump As ‘Helicopter Money’ Sends USA Risk Soaring The story of the week is fourfold: Helicopter money begins… and the sovereign risk of the USA soars Oil has best week ever on hopes of supply cut. Stocks sink as any rebalance flow support evaporated. Lockdown effects are starting to be seen in […]

  • Distraction? Trump Sends Warships To Venezuela For “Counter-Narcotics Operation”

    ZeroHedge - Apr 3rd 2020 3:45pm EDT

    Distraction? Trump Sends Warships To Venezuela For “Counter-Narcotics Operation” In late February we detailed how President Trump is not giving up on pursuing military options for Venezuelan socialist strongman Nicolas Maduro’s ouster — even as Washington was forced to increasingly turn its attention to the growing coronavirus threat in its midst — now a full-blown pandemic radically altering the fabric of […]

  • Goldman Sachs Buys 2 Luxury Private Jets As Main Street On Verge Of Collapse

    ZeroHedge - Apr 3rd 2020 3:30pm EDT

    Goldman Sachs Buys 2 Luxury Private Jets As Main Street On Verge Of Collapse This is definitely not a good look. At a time when the federal government is struggling to manage its $2 trillion bailouts for main street and SMEs, a handful of Goldman Sachs insiders (probably high-ranking executives) have apparently decided to sandbag […]

  • Bonds & Stocks Sold After Fed Announces Another Taper In Bond-Buying

    ZeroHedge - Apr 3rd 2020 3:18pm EDT

    Bonds & Stocks Sold After Fed Announces Another Taper In Bond-Buying From an initial $75 billion per day, to $60 billion per day last week, The Fed had just announced another ‘taper’ in its bond-buying program to $50 billion per day for next week… Having implicitly confirmed there is now a shortage of bonds as […]

  • “Unanticipated Shock” – Under Armour Lays Off 6,700 Workers, Stores Shuttered “Indefinitely”

    ZeroHedge - Apr 3rd 2020 3:04pm EDT

    “Unanticipated Shock” – Under Armour Lays Off 6,700 Workers, Stores Shuttered “Indefinitely” Just days after Under Armor jumped into the mask-making game as it realized its core business of selling sports leisure apparel in overseas and domestic markets collapsed because the virus pandemic has led to global quarantines and shuttering of non-essential businesses. The Baltimore-based sportswear maker […]

  • Goodbye V-Shaped Recovery: Morgan Stanley No Longer Expects Return To Normalcy Before End Of 2021

    ZeroHedge - Apr 3rd 2020 2:48pm EDT

    Goodbye V-Shaped Recovery: Morgan Stanley No Longer Expects Return To Normalcy Before End Of 2021 Two weeks ago, when the first dire Q2 GDP forecasts emerged which were however followed by hilarious V-shaped recovery assumptions for Q3 and onward, we said it’s only a matter of time before the banks throw in the towel on […]

  • Pelosi Backpedals On Infrastructure Spending In Fourth Coronavirus Stimulus

    ZeroHedge - Apr 3rd 2020 2:30pm EDT

    Pelosi Backpedals On Infrastructure Spending In Fourth Coronavirus Stimulus House Speaker Nancy Pelosi has walked back ambitious plans for infrastructure spending in the next coronavirus stimulus package – and is instead focusing on boosting direct payments to individuals as well as loans to businesses, according to Bloomberg, which notes that the shift will leave an […]

  • A Corporate-Debt Reckoning Is Coming

    ZeroHedge - Apr 3rd 2020 2:15pm EDT

    A Corporate-Debt Reckoning Is Coming Via 13D Global Strategy and Research, The following article was originally published in “What I Learned This Week” on March 26, 2020. To learn more about 13D’s investment research, please visit their website. Corporate debt is the timebomb everyone saw ticking, but no one was able to defuse. Ratings agencies warned […]

  • “Tiger King” Joe Exotic Moved To Prison Hospital After Being Placed In ‘Coronavirus Isolation’

    ZeroHedge - Apr 3rd 2020 1:59pm EDT

    “Tiger King” Joe Exotic Moved To Prison Hospital After Being Placed In ‘Coronavirus Isolation’ For the past week or so, people across the US have only been talking about two things: COVID-19, and the “Tiger King”. Netflix’s latest true-crime docu-series, “Tiger King”, chronicles the exploits of “Joe Exotic”, a former private zoo owner and big […]

  • Unprecedented 2.2 Trillion Dollar Bill Fails Most Small Businesses

    ZeroHedge - Apr 3rd 2020 1:45pm EDT

    Unprecedented 2.2 Trillion Dollar Bill Fails Most Small Businesses Authored by Bruce Wilds via Advancing Time blog, The massive 2.2 trillion dollar bill that was signed into law fails most small businesses but the devil is well hidden in the details. There is so much disinformation and bullshit floating around about this program that it […]

  • CNN’s Brooke Baldwin Test Positive For COVID-19

    ZeroHedge - Apr 3rd 2020 1:30pm EDT

    CNN’s Brooke Baldwin Test Positive For COVID-19 CNN anchor Brooke Baldwin just confirmed on Instagram that she has tested positive for COVID-19, joining her colleague, Chris Cuomo, among the more than 1 million people around the world who have been infected. Baldwin, a star reporter on America’s most trusted Fake News organization, said on Instagram […]

  • The Angels Are Freefalling: Q1 Saw Record Downgrades To Junk And The Real Pain Is Coming

    ZeroHedge - Apr 3rd 2020 1:20pm EDT

    The Angels Are Freefalling: Q1 Saw Record Downgrades To Junk And The Real Pain Is Coming Back in November of 2017, this website was the first to suggest that a flood of “fallen angels”, or the lowest, BBB-rated investment grade bonds that are downgraded to junk, will be the event that triggers the next corporate […]

  • ‘Mark It Zero’ – Triple-Levered Short Oil ETN Crashes To “Complete Loss”

    ZeroHedge - Apr 3rd 2020 1:00pm EDT

    ‘Mark It Zero’ – Triple-Levered Short Oil ETN Crashes To “Complete Loss” And just like that, it was gone! Following the biggest daily surge in oil prices ever… and another major surge in prices today, things have gone a little bit slightly turbo for “investors” in one leveraged oil ETN. Source: Bloomberg Unprecedented spikes in […]

  • Putin Responds To Trump Oil Gambit: 10MM Production Cut “Possible” But US Needs To Join

    ZeroHedge - Apr 3rd 2020 12:52pm EDT

    Putin Responds To Trump Oil Gambit: 10MM Production Cut “Possible” But US Needs To Join Earlier today we said that ahead of Monday’s (virtual) R-OPEC conference, a new ask had emerged from within the oil producing nations – any production cut would have to include the US, which alongside with Russia, Saudi Arabia and others […]

  • Trump Organization Seeks Concessions On Loans Backed Personally By President Trump From Deutsche Bank

    ZeroHedge - Apr 3rd 2020 12:47pm EDT

    Trump Organization Seeks Concessions On Loans Backed Personally By President Trump From Deutsche Bank No business is immune to the country’s coronavirus shutdown, including the President’s. In fact, it was was reported yesterday that the Trump Organization is actively seeking out concessions from Deutsche Bank, one of its lenders, due to the pandemic. Representatives from […]

  • BofA: “QE vs Unemployment” Means Soaring Inflation Will Crush The Dollar

    ZeroHedge - Apr 3rd 2020 12:30pm EDT

    BofA: “QE vs Unemployment” Means Soaring Inflation Will Crush The Dollar Here are the key takeaways from Michael Hartnett’s latest Flow Show: Lows on corporate bonds & stocks to hold on extreme bearishness & policy stimulus. Policy ended credit crunch but not yet recession…US dollar, oil, HY bonds will signals worst of recession priced-in. Big […]

  • Grocer Dean & DeLuca Has Filed For Bankruptcy, Hopes To Eventually Re-Open Shuttered Stores

    ZeroHedge - Apr 3rd 2020 12:00pm EDT

    Grocer Dean & DeLuca Has Filed For Bankruptcy, Hopes To Eventually Re-Open Shuttered Stores Today in bankruptcy news that isn’t related to the coronavirus, Dean & DeLuca, the grocery chain that closed its New York stores last year, has officially filed for bankruptcy in Manhattan and now hopes to re-open some of its stores.  The chain […]

  • This Is What Economic Collapse Looks Like

    ZeroHedge - Apr 3rd 2020 11:45am EDT

    This Is What Economic Collapse Looks Like Authored by Michael Snyder via The Economic Collapse blog, Approximately ten million Americans have filed new claims for unemployment benefits over the past two weeks.  To put that in perspective, the all-time record for a single week before this coronavirus pandemic hit was just 695,000.  So needless to say, […]