• GM Joins Ford In Switching To Tesla Charging Standard For Next Generation EVs

    ZeroHedge - Jun 8th 2023 4:50pm EDT

    GM Joins Ford In Switching To Tesla Charging Standard For Next Generation EVs General Motors announced on Thursday that it will be switching to Tesla’s charging network and charging technologies, CNBC reports. The decision follows a similar move by Ford, and will allow GM vehicles to access 12,000 of Tesla’s chargers using a special adapter […]

  • Fed Emergency Bank Bailout Facility Usage Tops $100 Billion For First Time As Money-Market Inflows Soared Again

    ZeroHedge - Jun 8th 2023 4:44pm EDT

    Fed Emergency Bank Bailout Facility Usage Tops $100 Billion For First Time As Money-Market Inflows Soared Again Following Friday’s farcical Fed data on commercial bank deposits – which turned $28.4 billion on NSA outflows into $102 billion of SA inflows – tonight’s money-market fund flows and Fed balance sheet data should be pretty bloody heroic […]

  • VIX Dumps, Gold Pumps, Jobless Jump As Trillion-Dollar Bill-Bomb Looms

    ZeroHedge - Jun 8th 2023 4:00pm EDT

    VIX Dumps, Gold Pumps, Jobless Jump As Trillion-Dollar Bill-Bomb Looms The morning started with two ugly data points as jobless claims jumped dramatically (this is the biggest rise in initial claims year-to-date – ex-COVID – since 2009… Source: Bloomberg …and Wholesale Sales totals tumbling into the red YoY (a strong recession signal)… Source: Bloomberg …pulling […]

  • White House Denies Report China Seeking Spy Base In Cuba, But Menendez Demands Answers

    ZeroHedge - Jun 8th 2023 3:25pm EDT

    White House Denies Report China Seeking Spy Base In Cuba, But Menendez Demands Answers China is seeking to establish a spy base in Cuba in order to better eavesdrop on the United States, in an alleged plot which is reminiscent of Cold War intelligence maneuvering among great powers. Beijing is reportedly in direct talks with […]

  • The Starter Home Is No More, Even In Second Tier Markets

    ZeroHedge - Jun 8th 2023 3:05pm EDT

    The Starter Home Is No More, Even In Second Tier Markets By Mish Shedlock of MishTalk Renters dreaming of homeownership are priced out of secondary cities they might’ve flocked to years ago. Starter Homes Long Past Affordability Point2Home notes First-Time Buyers, Second Thoughts: Starter Homes Long Past Affordability, Even in Secondary Markets With main markets […]

  • There Is Something To Be Said In Favor Of Central Banks Surprising The Markets

    ZeroHedge - Jun 8th 2023 2:25pm EDT

    There Is Something To Be Said In Favor Of Central Banks Surprising The Markets By Ven Ram, Bloomberg markets live reporter and strategist Back in the day, Fed Chair Alan Greenspan used to keep the markets guessing about his next move. We saw some of that magic being revived on Wednesday when the Bank of […]

  • Soros Predicts Ukrainian Victory In Counterattack, Says Russia Is A “Paper Tiger”

    ZeroHedge - Jun 8th 2023 1:45pm EDT

    Soros Predicts Ukrainian Victory In Counterattack, Says Russia Is A “Paper Tiger” Authored by Denes Albert via Remix News, American oligarch of Hungarian origin George Soros believes Ukraine will win the war, and it will be a “positive shock” for global relations. The billionaire made the predictions in a new column in Project Syndicate, which is partly […]

  • How A Fed Rate Pause Is Likely To Morph Into A Cut

    ZeroHedge - Jun 8th 2023 12:25pm EDT

    How A Fed Rate Pause Is Likely To Morph Into A Cut Authored by Simon White, Bloomberg macro strategist, The Federal Reserve’s next move after an anticipated pause is more likely to be a cut than a hike due to already restrictive rates, falling inflation and a recessionary economy. Pause talk is in the air […]

  • Oil Crashes On Rehashed Report US, Iran Near Deal Allowing Tehran To Export 1MM Barrels For Reduced Uranium Enrichment

    ZeroHedge - Jun 8th 2023 12:09pm EDT

    Oil Crashes On Rehashed Report US, Iran Near Deal Allowing Tehran To Export 1MM Barrels For Reduced Uranium Enrichment With the proverbial well of bearish oil news running dry, the market has had to resort to some “old faithful” narratives like for example, pariah state Iran preparing to flood the market with oil any minute. […]

  • Manhattan Apartment Rents Soar To New Highs As Summer Rush Begins

    ZeroHedge - Jun 8th 2023 12:00pm EDT

    Manhattan Apartment Rents Soar To New Highs As Summer Rush Begins Rents across the country may be finally sliding amid a “crush” of new supply, as reported in March.  And we also noted.  But shelter has topped out: – MoM Shelter rose just 0.66% in March, down from 0.79% in Feb and the lowest since November […]