News From ZeroHedge, Page 2857

RSS

  • Snowflake Melts Up 130% After Biggest Software IPO Ever

    ZeroHedge - Sep 16th 2020 12:38pm EDT

    Snowflake Melts Up 130% After Biggest Software IPO Ever Tyler Durden Wed, 09/16/2020 – 12:38 The much-hyped IPO of the aptly-named ‘Snowflake’ is about to make many of America’s richest even richer-erer. It sold 28 million shares Tuesday for $120 apiece, above an already elevated range (SNOW’s initial IPO range was $75-85 on Sept 8; […]

  • Rocket Fired At US Embassy Baghdad Marks 4th Attack On Western Targets In 48 Hours

    ZeroHedge - Sep 16th 2020 12:23pm EDT

    Rocket Fired At US Embassy Baghdad Marks 4th Attack On Western Targets In 48 Hours Tyler Durden Wed, 09/16/2020 – 12:23 On Thursday sirens range out in Baghdad’s Green Zone alerting personnel at the US embassy of an inbound rocket attack after a series of similar attacks on Western targets in the Iraqi capital over the […]

  • McDonald’s “Running Out Of Burgers” Thanks To Travis Scott Value Meal As “Sandwich Wars” Heat Up

    ZeroHedge - Sep 16th 2020 12:05pm EDT

    McDonald’s “Running Out Of Burgers” Thanks To Travis Scott Value Meal As “Sandwich Wars” Heat Up Tyler Durden Wed, 09/16/2020 – 12:05 Business Insider reported Wednesday that the popularity of McDonald’s $6 Travis Scott-branded “Cactus Jack” limited edition value meal has led to restaurants selling more burgers than they can stock, with some even “running […]

  • The Unspoken Truth Of Fed-Day Exposed

    ZeroHedge - Sep 16th 2020 11:25am EDT

    The Unspoken Truth Of Fed-Day Exposed Tyler Durden Wed, 09/16/2020 – 11:25 Authored by Sven Henrich via NorthmanTrader.com, We all know it yet the unspoken truth deserves to be said out aloud. You all heard the phrases ‘Don’t fight the Fed’, and ‘ there is no alternative’. Can we be clear what these phrases really mean? They […]

  • Marco Rubio Sends Letter To Trump Demanding White House Scrap TikTok Deal

    ZeroHedge - Sep 16th 2020 11:11am EDT

    Marco Rubio Sends Letter To Trump Demanding White House Scrap TikTok Deal Tyler Durden Wed, 09/16/2020 – 11:11 Former Republican presidential contender (and a potential future president) Marco Rubio has sent a letter to the Trump Administration urging it to reject the proposed Oracle-TikTok deal, which would leave TikTok as an independent, US-based company, because […]

  • Step Aside FAAMGs: Goldman Presents The “Future Five” Stocks That Will Define The Decade

    ZeroHedge - Sep 16th 2020 11:05am EDT

    Step Aside FAAMGs: Goldman Presents The “Future Five” Stocks That Will Define The Decade Tyler Durden Wed, 09/16/2020 – 11:05 By now it is common knowledge that never in the history of capital markets has some much value (and interest) been concentrated in just five tech stocks, the FAAMGs. According to Goldman the five largest […]

  • AT&T CEO Pours Cold Water On Apple’s Hopes For 5G iPhone Sales “Supercycle”

    ZeroHedge - Sep 16th 2020 10:44am EDT

    AT&T CEO Pours Cold Water On Apple’s Hopes For 5G iPhone Sales “Supercycle” Tyler Durden Wed, 09/16/2020 – 10:44 Apple held its first “iPhone-free” product launch yesterday, and – as has become custom in recent years – shareholders apparently weren’t impressed with the new Apple Watch’s health-and-wellness product offerings. Perhaps investors were still digesting an […]

  • WTI Slides After Crude Inventory Data Disappoints, Production Rebounds

    ZeroHedge - Sep 16th 2020 10:35am EDT

    WTI Slides After Crude Inventory Data Disappoints, Production Rebounds Tyler Durden Wed, 09/16/2020 – 10:35 Oil prices have extended gains after last night’s surprisingly large crude draw sending WTI near $40 despite oil investors are processing a slew of bearish calls this week. The International Energy Agency warned on Tuesday that the outlook is “even more fragile” […]

  • Pelosi Holds House Democrats Hostage As Party Revolts Over Stimulus Impasse

    ZeroHedge - Sep 16th 2020 10:20am EDT

    Pelosi Holds House Democrats Hostage As Party Revolts Over Stimulus Impasse Tyler Durden Wed, 09/16/2020 – 10:20 After rejecting a $1.5 trillion bipartisan stimulus compromise supported by 50 House lawmakers, Speaker Nancy Pelosi (D-CA) vowed to hold the chamber hostage – announcing that the House will remain in session until the parties reach an agreement […]

  • Homebuilders Have Never, Ever Been More Confident

    ZeroHedge - Sep 16th 2020 10:05am EDT

    Homebuilders Have Never, Ever Been More Confident Tyler Durden Wed, 09/16/2020 – 10:05 All three sub-indices of the NAHB’s Sentiment Index hit record highs in September: Measure of present single family sales rises to 88 vs 84 last month Future single family sales gauge rises to 84 vs 78 last month Prospective buyers traffic measure […]

  • JPMorgan Warns Of $200 Billion In Forced Month-End Selling

    ZeroHedge - Sep 16th 2020 10:00am EDT

    JPMorgan Warns Of $200 Billion In Forced Month-End Selling Tyler Durden Wed, 09/16/2020 – 10:00 With month and quarter-end just two weeks away, Wall Street shifts its collective attention to a recurring phenomenon, namely the quarter-end rebalancing where outsized stock buying or selling can lead to short-term market havoc. The reason is that in quarters […]

  • Were Lockdowns A Mistake? (Spoiler Alert: YES!!!)

    ZeroHedge - Sep 16th 2020 9:45am EDT

    Were Lockdowns A Mistake? (Spoiler Alert: YES!!!) Tyler Durden Wed, 09/16/2020 – 09:45 Authored by Bill Blain via MorningPorridge.com, “It’s going to take years to get over the last months of emotional mistakes.” Quick comment on markets this morning before I go back to looking at the Coronavirus.  We seem to be in a phoney […]

  • Hurricane Sally Makes Landfall In Alabama With “Catastrophic, Life-Threatening Flooding”

    ZeroHedge - Sep 16th 2020 9:30am EDT

    Hurricane Sally Makes Landfall In Alabama With “Catastrophic, Life-Threatening Flooding” Tyler Durden Wed, 09/16/2020 – 09:30 Slow-moving Hurricane Sally finally made landfall on Alabama’s Gulf Coast on Wednesday morning as a Category Two hurricane, according to the National Hurricane Center (NHC).  “Sally has made landfall near Gulf Shores Alabama at 445 AM CDT as a category two […]

  • CFIUS Reportedly Approves TikTok-Oracle Deal Amid Backlash Over ByteDance Majority Ownership

    ZeroHedge - Sep 16th 2020 9:15am EDT

    CFIUS Reportedly Approves TikTok-Oracle Deal Amid Backlash Over ByteDance Majority Ownership Tyler Durden Wed, 09/16/2020 – 09:15 Fox Business senior correspondent Charles Gasparino just reported that CFIUS “has approved or will approve” the revamped TikTok-Oracle deal. SCOOP: People close to @tiktok_us say they believe the Committee on Foreign Investment in the US — CFIUS — […]

  • Tesla Shares Set To Snap 5-Day Rally After GM Says It Will Manufacture Its Own EV Systems And Motors

    ZeroHedge - Sep 16th 2020 8:57am EDT

    Tesla Shares Set To Snap 5-Day Rally After GM Says It Will Manufacture Its Own EV Systems And Motors Tyler Durden Wed, 09/16/2020 – 08:57 In a potential seachange within the EV industry, this morning General Motors announced it would be manufacturing its own family of EV drive systems and motors.  General Motors said that […]

  • Rabobank: Is It Totally Crazy To Ask If Social Media Is Trying To Influence The Electorate

    ZeroHedge - Sep 16th 2020 8:45am EDT

    Rabobank: Is It Totally Crazy To Ask If Social Media Is Trying To Influence The Electorate Tyler Durden Wed, 09/16/2020 – 08:45 By Michael Every of Rabobank Exacerbation Bill Gates was in the press this week stressing “mutually exacerbating catastrophes” that threaten global health: “In the blink of an eye, a health crisis became an […]

  • US Retail Sales Disappoint, Online Spending Growth Hits A Wall As Government Handouts End

    ZeroHedge - Sep 16th 2020 8:38am EDT

    US Retail Sales Disappoint, Online Spending Growth Hits A Wall As Government Handouts End Tyler Durden Wed, 09/16/2020 – 08:38 After May’s huge rebound from March and April’s collapse, which pushed total retail sales to new record highs, August’s growth was expected to slow as government handouts fade from memory and jobs don’t return as […]

  • Growth Or Value? Take This Blind Taste Test

    ZeroHedge - Sep 16th 2020 8:30am EDT

    Growth Or Value? Take This Blind Taste Test Tyler Durden Wed, 09/16/2020 – 08:30 Authored by Michael Lebowitz and Jack Scott via RealInvestmentAdvice.com, Given limited resources, it should be no surprise that we aim to maximize the value of our everyday purchases. In most cases, we seek to optimize between acquiring the best product at […]

  • India Tops 5 Million COVID-19 Cases; Virus Has Killed 121 American Youths, CDC Reveals: Live Updates

    ZeroHedge - Sep 16th 2020 8:15am EDT

    India Tops 5 Million COVID-19 Cases; Virus Has Killed 121 American Youths, CDC Reveals: Live Updates Tyler Durden Wed, 09/16/2020 – 08:15 Summary: India tops 5 million cases JHU count: 29,607,590 Global death toll: 935,871 India strikes deal with Russia for 100MN doses of “Sputnik V” London may face “localized” lockdown OECD says global economic […]

  • The Fed’s Second Act Problem

    ZeroHedge - Sep 16th 2020 8:00am EDT

    The Fed’s Second Act Problem Tyler Durden Wed, 09/16/2020 – 08:00 By Nicholas Colas of DataTrek Research With the Federal Reserve meeting this week, we got to thinking about what playwrights call “Second Act problems”. Act One introduces the characters, lays out the challenges they face, and makes the audience care about both. Act Three […]

  • Futures Push Higher Ahead Of Fed Decision, Retail Sales

    ZeroHedge - Sep 16th 2020 7:49am EDT

    Futures Push Higher Ahead Of Fed Decision, Retail Sales Tyler Durden Wed, 09/16/2020 – 07:49 U.S equity futures and European stocks rose as investors awaited the decision of the Federal Reserve’s policy meeting later Wednesday and the August retail sales report which was expected to show a modest growth slowdown. Treasuries were steady and the dollar […]

  • Boeing Put Profits Before People’s Lives By Hiding 737 MAX Design Flaws From Regulators, Pilots

    ZeroHedge - Sep 16th 2020 6:53am EDT

    Boeing Put Profits Before People’s Lives By Hiding 737 MAX Design Flaws From Regulators, Pilots Tyler Durden Wed, 09/16/2020 – 06:53 18 months after Ethiopian Airlines Flight 302 plummeted out of the sky just minutes after takeoff last March, Congressional investigators have finally released a comprehensive report outlining the many mistakes made both by Boeing […]

  • Europe’s Zombie Firms Are Multiplying Like Never Before

    ZeroHedge - Sep 16th 2020 5:00am EDT

    Europe’s Zombie Firms Are Multiplying Like Never Before Tyler Durden Wed, 09/16/2020 – 05:00 Authored by Nick Corbishley via WolfStreet.com, Europe’s zombie firms are multiplying like never before… In Germany, one of the few European economies that has weathered the virus crisis reasonably well, an estimated 550,000 firms – roughly one-sixth of the total – […]

  • Eight People In Indonesia Caught Not Wearing Masks Punished By Having To Dig Graves Of COVID Victims

    ZeroHedge - Sep 16th 2020 4:15am EDT

    Eight People In Indonesia Caught Not Wearing Masks Punished By Having To Dig Graves Of COVID Victims Tyler Durden Wed, 09/16/2020 – 04:15 In a headline that could soon wind up coming out of the U.S. if Joe Biden is elected President, eight people in Indonesia were forced to dig the graves of coronavirus victims […]

  • Backlash After UK Policing Minister Encourages People To Spy On Neighbours For “COVID Contraventions”

    ZeroHedge - Sep 16th 2020 3:30am EDT

    Backlash After UK Policing Minister Encourages People To Spy On Neighbours For “COVID Contraventions” Tyler Durden Wed, 09/16/2020 – 03:30 Authored by Steve Watson via Summit News, British citizens made their feelings known after the Policing Minister suggested that people should spy on their friends and neighbours and report them to the authorities if they […]