Quartz Fires Nearly Half Of Its Journalists, Blames COVID For Failure Of Subscription Strategy Tyler Durden Thu, 05/14/2020 – 15:00 Quartz, once a pioneering and extremely trendy source for business and economic news that produced several journalist blue-check super-stars who have mostly since moved on to different outlets as the company became increasingly irrelevant after […]
Fed Chair Powell’s ‘Solution’ Is The Root Of The Problem Tyler Durden Thu, 05/14/2020 – 14:45 Authored by Michael Maharrey via SchiffGold.com, Federal Reserve Chairman Jerome Powell went negative in a webcast speech on Wednesday, May 13. I’m not talking about negative interest rates, although that could be coming down the pike as well. Powell went negative on the […]
Traders Mock Powell As Negative Rate Bets Surge Tyler Durden Thu, 05/14/2020 – 14:30 If Jerome Powell hoped that he had put to rest the topic – and debate- of negative interest rates in the US (if only for a few weeks) he failed. One day after Powell’s ad hoc appearance in a Peterson Institute […]
Bank Of Mexico Cuts Rates By 50bps To 5.50% As Expected Tyler Durden Thu, 05/14/2020 – 14:15 Heading into today’s rate cut decision by the Mexican Central Bank, analysts were nearly unanimous, with 20 out of the 22 analysts expecting a 50bpcut, 1 a 75bp cut, and the remaining one 100bp. The majority was right, […]
Wall Street Bonuses Set To Drop By Up To 30% Tyler Durden Thu, 05/14/2020 – 14:00 A chaotic year for finance professionals, which has seen their routine upended with many forced to work from home and unable to frequent their favorite watering holes and strip clubs with buddies after work, is about to get even […]
The Real Killer Is COVID-Lockdown-Driven Unemployment Tyler Durden Thu, 05/14/2020 – 13:45 Authored by Christopher Dembik, head of Macro Analysis at Saxo, Summary: Today, the U.S. Federal Reserve will release a survey confirming the economy is doomed for a long and painful downturn. Chairman Powell said in a webinar at the Peterson Institute for International […]
What Real-Time Indicators Say About The True State Of The US And Global Economy Tyler Durden Thu, 05/14/2020 – 13:30 With the official GDP update on the current state of the US economy not due for months, we take a look at the latest real-time indicators compiled by some of the largest banks. We start […]
US-Backed Forces Seize Syrian Commercial Bank In Oil-Rich Northeast Province Tyler Durden Thu, 05/14/2020 – 13:15 Via AlMasdarNews.com, U.S.-backed forces have seized a Syrian Commercial Bank branch in the Al-Hasakah Governorate, as they expelled all the employees inside the building and established full control over the site. The Syrian Commercial Bank is the largest commercial bank […]
“Elon Is An Arrogant Ass”: Green Energy Blog Unloads On Tesla CEO In Stunning Diatribe Tyler Durden Thu, 05/14/2020 – 13:00 It’s been an interesting experiment over the last 72 hours, watching the former liberal poster-boy Elon Musk’s approval rating with Democrats and the left decline sharply, while being embraced by such right wing icons […]
Impeachment Boomerang: Contacts Exposed Between US Embassy & Hunter Biden-Connected Ukraine Energy Firm Tyler Durden Thu, 05/14/2020 – 12:47 Authored by John Solomon via JustTheNews.com, During President Trump’s impeachment, former U.S. Ambassador Marie Yovanovitch testified to Congress that she knew little beyond an initial briefing and “press reports” about Burisma Holdings, the Ukrainian natural gas […]
Burundi Becomes 2nd African Nation To Expel WHO Tyler Durden Thu, 05/14/2020 – 12:25 Tanzania isn’t the only African country that’s asked the WHO to pack its things and get out. Reuters reports That Burundi is expelling the national head of the WHO and three of his subordinates as the country prepares for a presidential […]
Amid Gold Market Turmoil, HSBC Taps Bank Of England For GLD Bars Tyler Durden Thu, 05/14/2020 – 12:10 Submitted by Ronan Manly, BullionStar.com During March and April, amid global financial turmoil, unprecedented demand for physical gold, refinery closures and a London lockdown, one question on the minds of many in the gold market was how […]
Hertz Cancels 90% Of New Car Purchases, Further Pressuring Already Desperate Automakers Tyler Durden Thu, 05/14/2020 – 11:55 One harsh reality of the coronavirus lockdown has been the rental car industry, amid a broader travel industry, grinding to a total halt. This has led to several consequences that we have been documenting at length here on Zero […]
Is EIA Data Disguising A Disastrous Decline In US Shale? Tyler Durden Thu, 05/14/2020 – 11:35 Authored by Nick Cunningham via OilPrice.com, The Trump administration claims that the U.S. is “transitioning to greatness,” and that energy companies are going to see “massive gains.” U.S. Secretary of Energy Dan Brouillette says there is “stability” in the […]
“A Crucial Session For Stocks” – Nasdaq 15-DMA Breach Signals Imminent Breakdown Tyler Durden Thu, 05/14/2020 – 11:20 According to Saxo Bank’s head of equity strategy Peter Garnry, equities are facing a “crucial session” due the last two sessions seeing a significant change in sentiment. It started on Tuesday with CDC Director Fauci’s testimony to the […]
China Slams US As “Perpetrator Of Largest Cyber-Theft Worldwide” As FBI Issues ‘High Alert’ For Virus Data Hacks Tyler Durden Thu, 05/14/2020 – 11:00 US federal agencies say they are on high alert for cyberattacks out of China targeting health research and pharmaceutical companies in efforts to steal coveted and valuable coronavirus data and possible breakthrough […]
How Much Bad News Is Priced Into The Market? Tyler Durden Thu, 05/14/2020 – 10:45 Authored by Michael Msika, macro commentator at Bloomberg We’re starting to get a glimpse of the scale of the economic damage wrought by the pandemic. Data yesterday that showed the U.K. plunging into recession in March begged the question: how […]
“No More Mr.Nice Guy” – Trump Urges Senate To Call Obama To Testify Tyler Durden Thu, 05/14/2020 – 10:32 After the unmasking of the unmaskers (including Biden), ObamaGate is growing… And President Trump clearly won’t let it go (and why should he after three years of utter bullshit)… If I were a Senator or Congressman, […]
No Slacking: As Employers Keep Watchful Eye On Remote Workers, Trump Admin Roots Out Unemployment Fraud Tyler Durden Thu, 05/14/2020 – 10:21 With record numbers of people working from home during the pandemic, employers are using sophisticated software to remotely monitor their employees’ productivity. Companies such as ActivTrak, Teramind, Hubstaff and Time Doctor provide bosses […]
“‘Bots Are Clearly In Control Of This Market…” Tyler Durden Thu, 05/14/2020 – 10:07 Via Global Macro Monitor, Traders and ‘bots are clearly in control of this market… We are fairly convicted the 50% Fibo won’t hold… Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They are based on Fibonacci numbers. Each level […]
Watch Live: ‘Whistleblowing’ Vaccine Expert Rick Bright Testifies To House Tyler Durden Thu, 05/14/2020 – 09:55 Rick Bright, the top federal vaccine official who claims he was ousted from his position for speaking out, is expected to criticize the administration’s response to the COVID-19 pandemic and warn of dark days to come during a House […]
“We Could Cut Off The Whole Relationship” – War Of Words Between Trump And Beijing Is Heating Up Tyler Durden Thu, 05/14/2020 – 09:40 A solid chunk of President Trump’s latest sit-down interview with one of his favorite reporters – the OG “money honey” Maria Bartiromo – was devoted to the president’s latest belligerent musings […]
Rabobank: A Broad US Dollar Shortage Would Erupt If There Is A New Trade War With China Tyler Durden Thu, 05/14/2020 – 09:20 Submitted by Michael Every of Rabobank Hand A, Hand B, Handout Yesterday saw Fed Chair Powell in the spotlight, and he had a few key things to say. First, things are looking […]
Tyson Foods Slashes Meat Prices To “Keep Beef On Family Tables” Tyler Durden Thu, 05/14/2020 – 09:05 Tyson Foods Inc. will be reducing prices on certain products for the remainder of the week, according to The Wall Street Journal. This comes after surging meat prices and shortages at some retail shops in the first half of May. The […]
Martin Armstrong: Are Democrats Trying To Eliminate Proof Of Who You Are To Vote? Tyler Durden Thu, 05/14/2020 – 08:45 Authored by Martin Armstrong via ArmstrongEconomics.com, Just when you thought it could not get any more corrupt, the Democrats have demonstrated to the world that they are beyond all morality, ethics, and are outright corrupt. […]
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