News From ZeroHedge, Page 3002

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  • Wells Fargo Tightens Mortgage Standards And Readies Layoffs

    ZeroHedge - Jul 9th 2020 12:54pm EDT

    Wells Fargo Tightens Mortgage Standards And Readies Layoffs Tyler Durden Thu, 07/09/2020 – 12:54 The virus-induced recession has mortgage lenders quickly steering away from traditional clients, as fears abound that lost income could result in a massive wave of mortgage defaults. So that’s why Wells Fargo is tightening mortgage standards for new clients and laying off thousands of jobs.  Sources […]

  • Federal Reserve: Everything Is Fine, Just like In 2008

    ZeroHedge - Jul 9th 2020 12:34pm EDT

    Federal Reserve: Everything Is Fine, Just like In 2008 Tyler Durden Thu, 07/09/2020 – 12:34 Authored by Simon Black via SovereignMan.com, It’s nothing but rosy news coming from the Federal Reserve. Recently the Fed released this reassuring statement: “The banking system remains well-capitalized under even the harshest of these downside scenarios. . .” In other […]

  • ‪”Almost $1 Million Disappeared”: A Robinhood Horror Story 

    ZeroHedge - Jul 9th 2020 12:17pm EDT

    ‪”Almost $1 Million Disappeared”: A Robinhood Horror Story  Tyler Durden Thu, 07/09/2020 – 12:17 It certainly doesn’t help when President Trump, overlooks the downturn in the economy, nevertheless permanent job loss and deep economic scarring, by tweeting out to the tens of millions, just how well the stock market is doing.  As the Nasdaq soars […]

  • Seoul Mayor Found Dead After Massive Police Search

    ZeroHedge - Jul 9th 2020 12:00pm EDT

    Seoul Mayor Found Dead After Massive Police Search Tyler Durden Thu, 07/09/2020 – 12:00 Hours after being reported missing, driving international headlines throughout Thursday morning, the mayor of the South Korean capital Seoul, Park Won-soon, has been found dead. South Korea’s Yonhap news agency reports the breaking news: Seoul Mayor Park Won-soon was found dead in […]

  • No V-Shaped Recovery For Airlines: Ticket Sales Re-Slump As Second-Wave Strikes Sentiment

    ZeroHedge - Jul 9th 2020 11:52am EDT

    No V-Shaped Recovery For Airlines: Ticket Sales Re-Slump As Second-Wave Strikes Sentiment Tyler Durden Thu, 07/09/2020 – 11:52 Authored by Wolf Richter via Wolf Street, With Covid-19 cases surging in the US and in other countries, airline industry ticket sales for both domestic and international flights are declining again, as demand has turned south, according to a […]

  • US Sanctions 4 Chinese Nationals Under ‘Magnitsky Act’

    ZeroHedge - Jul 9th 2020 11:38am EDT

    US Sanctions 4 Chinese Nationals Under ‘Magnitsky Act’ Tyler Durden Thu, 07/09/2020 – 11:38 Following a series of reports claiming that the White House was weighing sanctions against Chinese officials under the “Magnitsky Act”, ironically a law passed to target corruption in Russia. The sanctions affected 4 individuals, and one company. Here’s the statement from […]

  • Elon Musk Claims Tesla Is Very Close To Fully Autonomous Car (Again)

    ZeroHedge - Jul 9th 2020 11:28am EDT

    Elon Musk Claims Tesla Is Very Close To Fully Autonomous Car (Again) Tyler Durden Thu, 07/09/2020 – 11:28 Authored by Charles Kennedy via OilPrice.com, Tesla is very close to having the Level 5 autonomous driving technology that doesn’t require human input, chief executive Elon Musk said in a video message to the World Artificial Intelligence Conference (WAIC) […]

  • Australia Suspends Extradition Treaty With Hong Kong Over Security Law, China Vows Retaliation

    ZeroHedge - Jul 9th 2020 11:07am EDT

    Australia Suspends Extradition Treaty With Hong Kong Over Security Law, China Vows Retaliation Tyler Durden Thu, 07/09/2020 – 11:07 Following Canada’s move last week, Australia has announced it is suspending its extradition treaty with Hong Kong amid a build-up in tensions related to the new Beijing-imposed national security law cracking down on anti-mainland dissent. “Our […]

  • Stocks Plunge Into Red For July After SCOTUS Trump Tax Decision

    ZeroHedge - Jul 9th 2020 11:02am EDT

    Stocks Plunge Into Red For July After SCOTUS Trump Tax Decision Tyler Durden Thu, 07/09/2020 – 11:02 Update (1100ET): US Treasury yields are now lower on the month… And The Dow and Small Caps also in the red for the month… …as derisking post-SCOTUS is accelerating. *  *  * In a somewhat surprising decision, the […]

  • John Solomon: Indictments Imminent In ‘Obamagate’ Probe

    ZeroHedge - Jul 9th 2020 10:45am EDT

    John Solomon: Indictments Imminent In ‘Obamagate’ Probe Tyler Durden Thu, 07/09/2020 – 10:45 Via WND.com, Investigative reporter John Solomon says there’s a “lot of activity” in U.S. Attorney John Durham’s criminal investigation of the Obama administration’s probe of now-debunked claims of Trump-Russia collusion during the 2016 election. “My sources tell me there’s a lot of […]

  • Ivy League Cancels All Fall Sports On Pandemic Fears Through 2020

    ZeroHedge - Jul 9th 2020 10:31am EDT

    Ivy League Cancels All Fall Sports On Pandemic Fears Through 2020 Tyler Durden Thu, 07/09/2020 – 10:31 Another coronavirus-related bombshell this week: after Harvard announced its Fall semester is going to online instruction only, with only 40% of students invited back to live on campus, the Ivy League on Wednesday announced the suspension of all […]

  • Supreme Court Rules Trump Tax Returns Must Be Released To NY Grand Jury

    ZeroHedge - Jul 9th 2020 10:15am EDT

    Supreme Court Rules Trump Tax Returns Must Be Released To NY Grand Jury Tyler Durden Thu, 07/09/2020 – 10:15 The Supreme Court on Thursday ruled that a New York Grand Jury can have President Trump’s tax records. The court has yet to rule on whether House Democrats can have access to the records. The decision […]

  • Tropical System Could Bring Heavy Rainfall To New York City

    ZeroHedge - Jul 9th 2020 10:01am EDT

    Tropical System Could Bring Heavy Rainfall To New York City Tyler Durden Thu, 07/09/2020 – 10:01 Chances are, as early as Thursday, the 2020 hurricane season could get its sixth tropical system – now forming offshore of the North Carolina Outer Banks and likely headed to New York City.  Earlier this week, the National Hurricane Center (NWS) had a […]

  • Stocks Slide: US Finalizing Federal Contract Ban For Companies Using Huawei, Other Chinese Tech Giants

    ZeroHedge - Jul 9th 2020 9:43am EDT

    Stocks Slide: US Finalizing Federal Contract Ban For Companies Using Huawei, Other Chinese Tech Giants Tyler Durden Thu, 07/09/2020 – 09:43 Another day, another escalation in US-China trade, tech, diplomatic, financial – you name it – relations, and this time stocks noticed. Moments ago, Reuters reported that in its latest crackdown on Chinese reverse-engineering tech […]

  • Orwell Cancelled? Journalist Says “Vile” Author Aided Nazis

    ZeroHedge - Jul 9th 2020 9:24am EDT

    Orwell Cancelled? Journalist Says “Vile” Author Aided Nazis Tyler Durden Thu, 07/09/2020 – 09:24 Authored by Paul Joseph Watson via Summit News, Despite being dead for 70 years, George Orwell may become the latest public figure to be cancelled after a left-wing journalist called him a “vile man” who aided the Nazis with his strident […]

  • Dumbfounded By Tesla, Morgan Stanley’s Jonas Cites “The Power Of Hope”, Issues $1800 Price Target Range

    ZeroHedge - Jul 9th 2020 9:06am EDT

    Dumbfounded By Tesla, Morgan Stanley’s Jonas Cites “The Power Of Hope”, Issues $1800 Price Target Range Tyler Durden Thu, 07/09/2020 – 09:06 It’s been a running joke for as long as we can remember that sell side analysts are behind the eight ball. They are notorious for upgrading and downgrading stocks after a large move […]

  • Rabobank: Central Banks Need To Get The Grannies To Dive Into Stocks

    ZeroHedge - Jul 9th 2020 8:45am EDT

    Rabobank: Central Banks Need To Get The Grannies To Dive Into Stocks Tyler Durden Thu, 07/09/2020 – 08:45 Submitted by Michael Every of Rabobank Subterranean Joe, Sick, Blues “There’s no way I can lose.” That is the title of a Bloomberg article today looking “Inside China’s Stock-Market Frenzy”. It notes ‘Leo Li, a 28-yar old […]

  • Almost 50 Million Americans Have Now Filed For First-Time Jobless Benefits Since Lockdowns Began

    ZeroHedge - Jul 9th 2020 8:34am EDT

    Almost 50 Million Americans Have Now Filed For First-Time Jobless Benefits Since Lockdowns Began Tyler Durden Thu, 07/09/2020 – 08:34 Despite the hope-restoring nonfarm payrolls “recovery” and the over-hyped bounce in retail sales (ignoring the lack of ‘V’ in industrial production) and ‘soft’ sentiment surveys (which are biased by their nature as diffusion indices to […]

  • Barr Should Transfer Ghislaine Maxwell To Rikers For Her Safety: Former Prison Official

    ZeroHedge - Jul 9th 2020 8:20am EDT

    Barr Should Transfer Ghislaine Maxwell To Rikers For Her Safety: Former Prison Official Tyler Durden Thu, 07/09/2020 – 08:20 Attorney General Bill Barr should transfer Jeffrey Epstein’s alleged ‘madam’ to Rikers Island while her case plays out, as the Metropolitan Detention Center (MDC) in Brooklyn is ill-equipped to handle the high-profile inmate. “I don’t think […]

  • S&P Futures Flat As China’s Bubblemania Storms Higher For 8th Day

    ZeroHedge - Jul 9th 2020 8:04am EDT

    S&P Futures Flat As China’s Bubblemania Storms Higher For 8th Day Tyler Durden Thu, 07/09/2020 – 08:04 S&P futures were flat on Thursday, rebounded from an earlier dip in a low-volume session ahead of the closely watched weekly jobless claims report, with investors weighing the risk of another business shutdown amid soaring U.S. COVID-19 cases. […]

  • Walgreens Drags Down Dow As Q2 Sales Slump; Company Cuts 4,000 Jobs

    ZeroHedge - Jul 9th 2020 7:53am EDT

    Walgreens Drags Down Dow As Q2 Sales Slump; Company Cuts 4,000 Jobs Tyler Durden Thu, 07/09/2020 – 07:53 Offering an early glimpse of what the Q2 earnings season might be like, Walgreens Boots Alliance kicked things off – though the season doesn’t ‘unofficially’ start until next week, to be sure – with a disappointing batch […]

  • Hong Kong, Tokyo Report New Single-Day Coronavirus Records As Global Cases Top 12 Million: Live Updates

    ZeroHedge - Jul 9th 2020 7:24am EDT

    Hong Kong, Tokyo Report New Single-Day Coronavirus Records As Global Cases Top 12 Million: Live Updates Tyler Durden Thu, 07/09/2020 – 07:24 Wednesday was another brutal day for the US during the global coronavirus outbreak as all of the worst hit states in the sunbelt produced new single-day records ranging from the highest 7-day positivity […]

  • Prince Andrew’s Cousin Says Ghislaine Maxwell Has “Secret Video” Of Him

    ZeroHedge - Jul 9th 2020 5:00am EDT

    Prince Andrew’s Cousin Says Ghislaine Maxwell Has “Secret Video” Of Him Tyler Durden Thu, 07/09/2020 – 05:00 Authored by Steve Watson via Summit News, An acquaintance of Ghislaine Maxwell has told reporters that the socialite has secret video footage of Prince Andrew that was filmed during her time as Jeffrey Epstein’s so called ‘madam’. Christina […]

  • Fired Ukraine Minister Dons Skimpy Bikini, Launches New Party To Fight Corruption Of “Pants-Wearing Idiots”

    ZeroHedge - Jul 9th 2020 4:15am EDT

    Fired Ukraine Minister Dons Skimpy Bikini, Launches New Party To Fight Corruption Of “Pants-Wearing Idiots” Tyler Durden Thu, 07/09/2020 – 04:15 Ukraine’s former deputy infrastructure minister, Aleksandra Klitina, recently released a racy video announcement of a new political party while partially exposing upper chest cleavage, reported RT News.  Klitina, 37, apparently knows how to attract a new […]

  • 2020: A Rough Year For Greta?

    ZeroHedge - Jul 9th 2020 3:30am EDT

    2020: A Rough Year For Greta? Tyler Durden Thu, 07/09/2020 – 03:30 Via 21st Century Wire, The tea leaves are beginning to turn out. This may well be the year in which the climate change movement begins to go off the rails. It started off great, as elites and climatists descended on Davos to press […]