News From ZeroHedge, Page 3077

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  • Fiscal Disaster: US April Deficit Hits Record $738BN As Government Spends $1 Trillion In One Month

    ZeroHedge - May 12th 2020 2:22pm EDT

    Fiscal Disaster: US April Deficit Hits Record $738BN As Government Spends $1 Trillion In One Month While it will hardly come as a surprise to anyone that the US fiscal situation is now an absolute catastrophe – following previously projections that the US is expected to issue over $5 trillion in debt this year alone […]

  • Deleted Tweet Drives Allegations That Detained Saudi Rival Quietly Disposed Of By MbS

    ZeroHedge - May 12th 2020 2:05pm EDT

    Deleted Tweet Drives Allegations That Detained Saudi Rival Quietly Disposed Of By MbS In March we noticed that “conveniently” at a moment the world’s attention was focused on surviving and defeating the spread of coronavirus, it appeared that Crown Prince Mohammed bin Salman (MbS) took the ‘opportunity’ to initiate a Riyadh Ritz-Carlton 2.0 round-up of rivals within the […]

  • Nearly 400 Russian Cadets Catch Coronavirus After Red Square Rehearsals

    ZeroHedge - May 12th 2020 1:50pm EDT

    Nearly 400 Russian Cadets Catch Coronavirus After Red Square Rehearsals On April 16, one day before Vladimir Putin nixed a parade from a celebration marking the 75th anniversary of WWII (which was held on Saturday with a limited display), some 15,000 Russian cadets were rehearsing for their yet-to-be canceled demonstration in Red Square. Nearly one […]

  • Is This A Bear Market Rally Or A New Bull? BofA Has The Answer… And What Happens Next

    ZeroHedge - May 12th 2020 1:37pm EDT

    Is This A Bear Market Rally Or A New Bull? BofA Has The Answer… And What Happens Next With the S&P trading nearly 800 points – or a whopping 30% – above its March 23 lows, the divergence in opinions whether this is a new bull market or merely a massive – and the fastest […]

  • Futures, Yields, Yuan Tumble As GOP Senate Intros China Sanctions Bill

    ZeroHedge - May 12th 2020 1:26pm EDT

    Futures, Yields, Yuan Tumble As GOP Senate Intros China Sanctions Bill Following an extremely strong 10Y bond auction, and news that Senator Graham and GOP Senators have introduced a bill sanctioning China, US futures and Treasury yields are tumbling. Yields extending their decline… Yuan is selling off… And Stocks are down hard… The bill is […]

  • “Spectacular Demand”: Record Big 10Y Auction Prices At Record Low Yield

    ZeroHedge - May 12th 2020 1:13pm EDT

    “Spectacular Demand”: Record Big 10Y Auction Prices At Record Low Yield Heading into today’s supersized 10Y auction, BMO’s rates strategist lamented the stubborn range which has confined US rates since mid-March – at +/-10bps of 61bps – which however indicates that even the hefty dose of larger than anticipated long-end auctions is insufficient to redefine […]

  • SocGen Reportedly Ends Commodity-Financing Biz After $240 Million Loss In Asian Oil-Trading Giant Bankruptcy

    ZeroHedge - May 12th 2020 1:06pm EDT

    SocGen Reportedly Ends Commodity-Financing Biz After $240 Million Loss In Asian Oil-Trading Giant Bankruptcy After pointing out the perplexing lack of high-profile blow-ups in the current commodity crush (as a reminder back in 2016 when oil dropped less than it has now, the Glencores and Trafiguras of the world were this close to collapse), we […]

  • ‘You’re Not The End All’: Rand Paul Slams Fauci In Heated Exchange Over Lockdowns

    ZeroHedge - May 12th 2020 1:00pm EDT

    ‘You’re Not The End All’: Rand Paul Slams Fauci In Heated Exchange Over Lockdowns Sen. Rand Paul (R-KY) gave quite the earful to a home-bound Dr. Anthony Fauci on Tuesday over the COVID-19 lockdown that has crippled the US economy. Paul, a medical doctor, noted that the mortality rate among children ‘approaches zero’, and that […]

  • Here Are All The Chinese “Propaganda” Centers Currently Operating In The US

    ZeroHedge - May 12th 2020 12:46pm EDT

    Here Are All The Chinese “Propaganda” Centers Currently Operating In The US Authored by Jon Street via Campus Reform, Dozens of Chinese “propaganda” centers still operate across the United States, even as U.S. lawmakers debate how to hold the communist country accountable for withholding information about the coronavirus, which originated in China’s Wuhan province. For […]

  • McDonald’s Reveals Future Layout Of Restaurants In Post-Corona World 

    ZeroHedge - May 12th 2020 12:30pm EDT

    McDonald’s Reveals Future Layout Of Restaurants In Post-Corona World  In Arnhem, Netherlands, McDonald’s has opened a prototype restaurant outfitted with social distancing in mind. The move is to test new safety measures for guests and employees that will limit the spread of the virus once lockdowns are relaxed, reported Reuters.  “We have tried to figure out how to keep […]

  • Here’s What China’s Scientists Have To Say About The Origins Of COVID-19

    ZeroHedge - May 12th 2020 12:10pm EDT

    Here’s What China’s Scientists Have To Say About The Origins Of COVID-19 Authored by Lawrence Sellin via WIONews.com, During a March 15, 2020 interview, beginning at the 27:40 time point, Dr Ralph Baric, noted coronavirus scientist at the University of North Carolina, said the following when asked about the animal origin of the human COVID-19 pandemic: […]

  • Town Protests Working-Conditions At Nebraska Meat Plant, Workers Too Scared To Return

    ZeroHedge - May 12th 2020 11:52am EDT

    Town Protests Working-Conditions At Nebraska Meat Plant, Workers Too Scared To Return Earlier this month the working-class poor in Crete, Nebraska, protested the working conditions at a meat processing plant owned by Smithfield, reported KLKN News.  Dozens of demonstrators were holding signs, with one that read: “Our parents are essential, not dispensable,” referring to the rash of virus outbreaks at […]

  • “Don’t Think It Won’t Happen, Just Because It Hasn’t Happened Yet!”

    ZeroHedge - May 12th 2020 11:34am EDT

    “Don’t Think It Won’t Happen, Just Because It Hasn’t Happened Yet!” Authored by Charles Hugh Smith via OfTwoMinds blog, As Jackson Browne put it: Don’t think it won’t happen just because it hasn’t happened yet. We can summarize all that will unfold in the next few years in one line: The way of the Tao is […]

  • Uber Offers To Acquire Grubhub, Creating Food-Delivery Giant

    ZeroHedge - May 12th 2020 11:19am EDT

    Uber Offers To Acquire Grubhub, Creating Food-Delivery Giant In a deal that would combine the two biggest meal-delivery players in the US at a time when the corona pandemic has sparked a surge in demand for their services, Uber – which in addition to its flagship ride business operates a big meal-delivery unit known as […]

  • Video Released Of Iranian ‘Friendly Fire’ Disaster Which Killed & Wounded Dozens

    ZeroHedge - May 12th 2020 11:15am EDT

    Video Released Of Iranian ‘Friendly Fire’ Disaster Which Killed & Wounded Dozens Yesterday we reported on the almost unprecedented Iranian naval disaster in the Gulf of Oman which left 19 Iranian personnel dead and at least 15 wounded, which Tehran officials and state media have since confirmed. A frigate involved in military maneuvers sustained “friendly fire” as a target-seeking […]

  • The Fed Is Now Buying Bond ETFs: Here Is What You Need To Know

    ZeroHedge - May 12th 2020 11:06am EDT

    The Fed Is Now Buying Bond ETFs: Here Is What You Need To Know Not even at the depths of the 2008 financial crisis, did the man who unleashed the biggest asset bubble in history, Ben Bernanke, dare to cross the bridge into the final circle of moral hazard hell by refusing to openly monetize […]

  • Supreme Court Begins Hearing On Trump’s Financial Records

    ZeroHedge - May 12th 2020 10:50am EDT

    Supreme Court Begins Hearing On Trump’s Financial Records With Biden hunkering in his basement and Obama under pressure from the newly disclosed revelations from his administrations “meddling” in Trump’s campaign/presidency, Democrats will be anxiously waiting with baited breath for any signs of a win as the Supreme Court will hear remote debates in three major […]

  • Why Does The Mainstream Media Seem So Desperate To Keep The COVID-19 Lockdowns Going?

    ZeroHedge - May 12th 2020 10:25am EDT

    Why Does The Mainstream Media Seem So Desperate To Keep The COVID-19 Lockdowns Going? Authored by Michael Snyder via TheMostImportantNews.com, Something doesn’t smell right.  The number of newly confirmed cases of COVID-19 in the U.S. each day has been declining, as has the number of deaths.  This is great news, and we should be hoping […]

  • Trump Says US Should “Accept” Negative Rates, “Boxing In” Powell

    ZeroHedge - May 12th 2020 10:10am EDT

    Trump Says US Should “Accept” Negative Rates, “Boxing In” Powell There is a bevy of Fed speakers on deck today, most with a simple agenda of refuting last week’s historic move in Eurodollars which pushed forward fed fund rates negative as soon as November, to wit: BULLARD: NEGATIVE RATES NOT GOOD OPTION FOR U.S. KAPLAN: […]

  • Thousands Of Brits Are Dying At Home Due To The Lockdown

    ZeroHedge - May 12th 2020 9:30am EDT

    Thousands Of Brits Are Dying At Home Due To The Lockdown Authored by Paul Joseph Watson via Summit News, A Guardian analysis has found that there have been thousands of excess deaths of people at home in the UK due to the lockdown. “The data shows 8,196 more deaths at home in England, Wales and […]

  • Putin’s Longtime Spokesman Hospitalized With COVID-19

    ZeroHedge - May 12th 2020 9:19am EDT

    Putin’s Longtime Spokesman Hospitalized With COVID-19 Dmitry Peskov, the longtime spokesman for Russian President Vladimir Putin and one of the most recognizable members of the Russian government – at least to reporters and others who closely follow Russian political news – has been hospitalized with advanced coronavirus symptoms, Russian newswire RIA Novosti reported.   Russia […]

  • Boeing CEO Predicts A US Airline Will “Most Likely” Go Bankrupt This Year

    ZeroHedge - May 12th 2020 9:08am EDT

    Boeing CEO Predicts A US Airline Will “Most Likely” Go Bankrupt This Year Boeing’s CEO, flush with fresh capital (read: debt) for his business, is now starting to make the rounds on the company’s redemption tour. The coronavirus put the 737 MAX scandal in the proverbial rear-view mirror and Boeing was able to raise $25 […]

  • Rabobank: “Second Wave”

    ZeroHedge - May 12th 2020 8:59am EDT

    Rabobank: “Second Wave” Authored by Jane Foley and Piotr Matys of Rabobank Second wave Stock market investors failed to maintained their glib optimism in Asian hours this morning in the face of mounting evidence that a loosening of lockdowns risks an increase in the number of infections. Six locally transmitted cases reported in Wuhan, the […]

  • ‘Social Distancing’ Is Snake Oil, Not Science

    ZeroHedge - May 12th 2020 8:51am EDT

    ‘Social Distancing’ Is Snake Oil, Not Science Authored by William Sullivan via AmericanThinker.com, Governor Andrew Cuomo of New York says that it’s “shocking” to discover that 66 percent of new hospitalizations appear to have been among people “largely sheltering at home.”  “We thought maybe they were taking public transportation,” he said, “but actually no, because these people […]

  • Core CPI Crashes By Most On Record; Food Costs Soar As Energy & Apparel Collapse

    ZeroHedge - May 12th 2020 8:41am EDT

    Core CPI Crashes By Most On Record; Food Costs Soar As Energy & Apparel Collapse Headline Consumer Prices fell 0.8% MoM – the biggest drop since 2008 – as soaring food inflation was dominated by plunging energy, apparel, and lodging costs… But it was Core CPI, printing 0.4% MoM that made the headlines. That is […]