News From ZeroHedge, Page 2719

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  • The Federal Reserve’s One Last Hail Mary

    ZeroHedge - Apr 2nd 2020 1:50pm EDT

    The Federal Reserve’s One Last Hail Mary Authored by Alexander Deluce via GoldTelegrapoh.com, Over the last few weeks, the Federal Reserve has been in utter desperation mode to try to revive and keep the American economy on life support. What many in the mainstream media have failed to include in this recent coronavirus economic narrative […]

  •  Democrats Rage As Google Bans Ads From Trump’s COVID-19-Critics 

    ZeroHedge - Apr 2nd 2020 1:35pm EDT

     Democrats Rage As Google Bans Ads From Trump’s COVID-19-Critics  Top Democratic strategists are furious that Google banned ads from mentioning or even discussing COVID-19, as they ramp up their efforts to criticize President Trump’s virus response on the internet. Democrats say the Google ban allows the Trump administration to promote its response to the crisis […]

  • GE Aviation Lays Off 50% Of Engine Manufacturing Staff

    ZeroHedge - Apr 2nd 2020 1:25pm EDT

    GE Aviation Lays Off 50% Of Engine Manufacturing Staff Unlike Boeing, which offered all of its 160,000 employees “voluntary buyouts” just so it can still keep its bailout option alive which would certainly be snuffed if the company were to announce mass layoffs, General Electric has no such qualms and moments ago the company told […]

  • Fauci Says Lockdown Will Continue Until There Are No “New Cases” Of COVID-19

    ZeroHedge - Apr 2nd 2020 1:20pm EDT

    Fauci Says Lockdown Will Continue Until There Are No “New Cases” Of COVID-19 Authored by Paul Joseph Watson via Summit News, Dr. Anthony S. Fauci says that the United States will not come out of lockdown until there are no “new cases” of coronavirus, prompting some to question precisely how long that will be. During […]

  • If The Virus Hadn’t Caused The Crash, Something Else Would Have

    ZeroHedge - Apr 2nd 2020 12:50pm EDT

    If The Virus Hadn’t Caused The Crash, Something Else Would Have Authored by Satyajit Das, op-ed via Bloomberg.com, The novel coronavirus has already had a significant impact on the global economy, which will worsen if the outbreak and the shutdowns designed to contain it continue for very long. But it’s only an accelerant: If not […]

  • WeWork Founder Loses ‘Billionaire’ Status, Threatens Lawsuit As SoftBank Pulls $3BN Investor Bailout

    ZeroHedge - Apr 2nd 2020 12:35pm EDT

    WeWork Founder Loses ‘Billionaire’ Status, Threatens Lawsuit As SoftBank Pulls $3BN Investor Bailout We would have loved to have been a fly on the wall in the room where former WeWork CEO and co-founder Adam Neumann received the news that SoftBank was officially walking away from a promised $3 billion purchase of WeWork shares, pledged […]

  • Markets Now At Tipping Point

    ZeroHedge - Apr 2nd 2020 12:20pm EDT

    Markets Now At Tipping Point Authored by Michael Markowski via RealInvestmentadvice.com, The market indices of the US, Japan, South Korea, Canada, France and Germany and the share prices for many of the world’s largest companies including Apple and Microsoft are at the tipping point.  Stocks and indices reached their post-crash and relief rally closing highs […]

  • DNC Postpones Presidential Convention Until August 17

    ZeroHedge - Apr 2nd 2020 12:08pm EDT

    DNC Postpones Presidential Convention Until August 17 While hardly a big surprise with the country on indefinite lockdown, moments ago Politico reported that the Democratic National Committee is postponing the party’s presidential convention in Milwaukee by one month to August 17, the week before the Republican Party’s convention. The party out of power typically holds […]

  • US Auto Sales Plunge To Lowest In A Decade, But The Worst Is Yet To Come In Q2

    ZeroHedge - Apr 2nd 2020 12:00pm EDT

    US Auto Sales Plunge To Lowest In A Decade, But The Worst Is Yet To Come In Q2 As we predicted in a a report we published just days ago, the U.S. auto industry is on the verge of total collapse. Numbers out of major automakers on Wednesday this week confirmed a worst case scenario: […]

  • Five Days Before It Filed For Bankruptcy, Whiting Execs Got $15 Million In Bonuses

    ZeroHedge - Apr 2nd 2020 11:52am EDT

    Five Days Before It Filed For Bankruptcy, Whiting Execs Got $15 Million In Bonuses Just days Whiting Petroleum it became the first shale casualty of the current oil price crash, when it filed for prepackaged Chapter 11 bankruptcy on Wednesday morning after the plunge in oil prices left it unable to pay its debts, the […]

  • “Eddie’s Not With Us At This Time”: Engineer Intentionally Wrecks Train In Attack On USNS Mercy

    ZeroHedge - Apr 2nd 2020 11:46am EDT

    “Eddie’s Not With Us At This Time”: Engineer Intentionally Wrecks Train In Attack On USNS Mercy Authored by Jonathan Turley, There are many surreal aspects to this pandemic but Eduardo Moreno is still something of a stand out. The California engineer attempted to ram his locomotive into the USNS Mercy because he was suspicious of […]

  • Instead Of Firing Everyone, Boeing Offers “Voluntary Buyouts” To Its Entire Workforce Of 161,000

    ZeroHedge - Apr 2nd 2020 11:30am EDT

    Instead Of Firing Everyone, Boeing Offers “Voluntary Buyouts” To Its Entire Workforce Of 161,000 When Boeing requested a $60 billion bailout from the US government a few weeks ago, the implicit assumption was that the company may get some of this funding as long as the chronic buyer back of its own stock did not […]

  • “S&P500 Could Decline To 1,600” – Stocks Facing Worst Outlook Since 2008

    ZeroHedge - Apr 2nd 2020 11:15am EDT

    “S&P500 Could Decline To 1,600” – Stocks Facing Worst Outlook Since 2008 Submitted by Peter Garnry, Head of Equity Strategy at Saxo Bank Summary: With all the major central banks expected to be effectively zero bound in 2020, the scope for returns in bonds will be low for years to come. Equities have hit multiple […]

  • Trump, Pelosi Eye 2017 Tax Rollbacks In Next Virus Bill

    ZeroHedge - Apr 2nd 2020 11:04am EDT

    Trump, Pelosi Eye 2017 Tax Rollbacks In Next Virus Bill President Trump and House Speaker Nancy Pelosi are looking at rolling back some of the more controversial pieces of the 2017 tax overhaul, as the White House and Congress hammer out the next round of economic stimulus. Under discussion are lifting the cap on state […]

  • “There Are Only Two Perfect Hedges…”

    ZeroHedge - Apr 2nd 2020 10:44am EDT

    “There Are Only Two Perfect Hedges…” Authored by Bill Blain via MorningPorridge.com, “There are only two perfect hedges; the first is a flat book and the other is to be found in a Japanese garden.” (I must thank my fellow teenage scribbler Anthony Peters for this morning’s quote.) I warned April was going to be […]

  • Oil, Stocks Soar After Trump Says He “Expects” 10MM Barrel “Or More” Production Cut

    ZeroHedge - Apr 2nd 2020 10:34am EDT

    Oil, Stocks Soar After Trump Says He “Expects” 10MM Barrel “Or More” Production Cut Whether it’s just more desperate jawboning or resembles reality, CNBC’s Joe Kernan reports that he just spoike to President Trump who claims his conversations with Putin and MbS suggest an oil production cut of up to 15mm barrels/day is imminent. President […]

  • China Rejects US Intelligence Report Claiming Beijing Lied About Coronavirus Numbers

    ZeroHedge - Apr 2nd 2020 10:30am EDT

    China Rejects US Intelligence Report Claiming Beijing Lied About Coronavirus Numbers Many were perplexed earlier this week by a headline proclaiming that Beijing would disclose a number of “asymptomatic” COVID-19 patients who hadn’t been previously included in the country’s numbers. As it dawned on them that the CPC was finally conceding, in its own roundabout […]

  • COVID-19 Is Now The Third Leading Cause Of Death In The United States

    ZeroHedge - Apr 2nd 2020 10:14am EDT

    COVID-19 Is Now The Third Leading Cause Of Death In The United States Authored by Michael Snyder via The End of The Amnerican Dream blog, More than 1,000 Americans died from the coronavirus on Wednesday.  As you will see below, that now makes COVID-19 the third leading cause of death in the United States on […]

  • New York City Current Business Conditions Plunges To Lowest Reading On Record

    ZeroHedge - Apr 2nd 2020 10:12am EDT

    New York City Current Business Conditions Plunges To Lowest Reading On Record At the depths of both the post dot-com bubble and the financial crisis, the New York City Purchasing Manager Current Business Conditions index, a relatively obscure indicator which focuses on the economy of the financial capital of the world, slumped to levels in […]

  • US Factory Orders Disappoint In February… Before Lockdowns Even Began

    ZeroHedge - Apr 2nd 2020 10:07am EDT

    US Factory Orders Disappoint In February… Before Lockdowns Even Began After a surprise tumble in January (before the virus impacts really hit), US Factory Orders were expected to rebound modestly in February (data released today and still lagging the current effects of the lockdowns and supply chain disruptions). However, unsurprisingly, Factory Orders were flat (0.0% […]

  • US Consumer Comfort Suffers Biggest 2-Week Crash… Ever

    ZeroHedge - Apr 2nd 2020 9:54am EDT

    US Consumer Comfort Suffers Biggest 2-Week Crash… Ever Having reached near-record high levels of consumer comfort in late-January, Bloomberg’s Consumer Comfort Index has plunged to its lowest since June 2018. Source: Bloomberg This is the biggest two-week drop in comsumer comfort… ever… Source: Bloomberg “These unprecedented declines in consumer sentiment mark the vast economic fallout […]

  • Elon Musk Promised New York Ventilators… He Sent 5 Year Old Sleep Apnea Machines Instead

    ZeroHedge - Apr 2nd 2020 9:45am EDT

    Elon Musk Promised New York Ventilators… He Sent 5 Year Old Sleep Apnea Machines Instead After weeks of finding new ways to embarrass himself in the coronavirus news cycle – most recently taking a stab at doctors and saying they were too “scared” to help coronavirus patients – Elon Musk has opened up a new […]

  • Walgreens Plunges After Warning On Slowing Sales, Foot Traffic, Sees “Less Discretionary Spending”

    ZeroHedge - Apr 2nd 2020 9:30am EDT

    Walgreens Plunges After Warning On Slowing Sales, Foot Traffic, Sees “Less Discretionary Spending” Up until now vendors of “essential” products such as grocery stores and pharmacies were seen as the sole silver lining in a decimated retail sector, where businesses from restaurants, to lodging, to bars, to cinemas had all effectively shut down is part […]

  • Rabobank: “What The Market Should Be Focusing On Is Whether There Are Still Markets”

    ZeroHedge - Apr 2nd 2020 9:20am EDT

    Rabobank: “What The Market Should Be Focusing On Is Whether There Are Still Markets” Submitted by Michael Every of Rabobank As COVID-19 continues to spread worldwide, economies slump, stocks of personal protective equipment and key drugs dwindle in the US, and as Americans buy record numbers of guns, the market focus today is arguably going […]

  • Luckin Coffee Crashes 85% After Admitting “Fabricating $300 Million In Sales”

    ZeroHedge - Apr 2nd 2020 9:05am EDT

    Luckin Coffee Crashes 85% After Admitting “Fabricating $300 Million In Sales” Luckin Coffee says its special committee today brought to the attention of the board information indicating that COO Jian Liu and several employees engaged in certain misconduct, including fabricating certain transactions, starting 2Q last year. CNBC’s David Faber estimates the total ‘fake’ revenue was […]