News From ZeroHedge, Page 3084

RSS

  • Despite FDA Claims Of Clamping Down On COVID-19-Scams, One Dodgy Company Remains On Its Website

    ZeroHedge - May 8th 2020 5:05pm EDT

    Despite FDA Claims Of Clamping Down On COVID-19-Scams, One Dodgy Company Remains On Its Website Early on during the coronavirus pandemic, the FDA had been criticized for its restrictive approach for testing. As a result, it wound up swinging the other way, allowing virtually any manufacturer to develop and distribute serological (antibody) tests.  The agency […]

  • America Has Become A Powder Keg That Is Ready To Explode At Any Time

    ZeroHedge - May 8th 2020 4:45pm EDT

    America Has Become A Powder Keg That Is Ready To Explode At Any Time Authored by Michael Snyder via TheMostImportantNews.com, Have you noticed that people are a lot more emotional these days?  People are angry about the lockdowns, people are angry because others are not “properly” observing the social distancing rules, people are angry about […]

  • Businesses Discover Employees Would Rather Stay Home And Collect Unemployment During Pandemic

    ZeroHedge - May 8th 2020 4:25pm EDT

    Businesses Discover Employees Would Rather Stay Home And Collect Unemployment During Pandemic Just as we warned would happen, US employers looking to reopen during the pandemic are finding that employees would rather sit home and collect unemployment than come back to work. According to the Wall Street Journal, unemployment benefits for some workers are now […]

  • Wall Street Soars As Main Street Struggles With Lo’ Rates, No Jobs, & Mo’ Deaths

    ZeroHedge - May 8th 2020 4:01pm EDT

    Wall Street Soars As Main Street Struggles With Lo’ Rates, No Jobs, & Mo’ Deaths Record-Watch: For the first time ever, more than half the US population is not working; over 76,000 Americans dead from COVID-19; the US economy is contracting at record pace; earnings expectations are collapsing at near record pace; interest-rates at record […]

  • Some Numbers…

    ZeroHedge - May 8th 2020 3:55pm EDT

    Some Numbers… Some numbers via BofA’s Michael Hartnett putting the recent market move in context: 9/10 say bear market rally 8/10 say “U” or “W” recovery 7/10 say only buy what the Fed buys 6/10 expect retest of low 2/10 say 10Y yield >1%, $15 Trillion: global equity market cap gain since March low $16.4 […]

  • Why One Reader Is “Mad As Hell”

    ZeroHedge - May 8th 2020 3:40pm EDT

    Why One Reader Is “Mad As Hell” …from a reader, I don’t have to tell you things are bad. Everybody knows things are bad. It’s a depression… Everybody’s out of work or scared of losing their job. The dollar buys a nickel’s worth, banks are going bust, shopkeepers keep a gun under the counter. Punks […]

  • “The Squad” Urges Pelosi To Include “One-Time Universal $30k Student-Loan Cancellation” In Next Relief Bill

    ZeroHedge - May 8th 2020 3:38pm EDT

    “The Squad” Urges Pelosi To Include “One-Time Universal $30k Student-Loan Cancellation” In Next Relief Bill A group of Democrats – whose mostly white, middle-class, college-educated supporters who derive most of their understanding of contemporary politics and the economy from memes – is pushing House Speaker Nancy Pelosi and Minority Leader Kevin McCarthy to include a […]

  • YouTube Targets Chinese Blogger After She Posts Video On Coronavirus Origins

    ZeroHedge - May 8th 2020 3:32pm EDT

    YouTube Targets Chinese Blogger After She Posts Video On Coronavirus Origins YouTube demonetized the account of popular Chinese-American blogger Jennifer Zeng Thursday night, after she published a video which considers several possibilities for the origins of COVID-19, according to Forbes. What? “We’ve determined that your channel is no longer eligible for monetization” ! What should […]

  • Something Odd Is Going On In Parking Lots Around The US

    ZeroHedge - May 8th 2020 2:55pm EDT

    Something Odd Is Going On In Parking Lots Around The US Over the last few weeks, we have been keeping a close eye on the growing glut of automobile inventory, exacerbated by demand falling off a cliff, plunging used car prices and rental car companies suffering from an unprecedented collapse in business (or, like Hertz, […]

  • One Trader Started The Day With $77,000 In His Account; By The End He Owed $9 Million

    ZeroHedge - May 8th 2020 2:55pm EDT

    One Trader Started The Day With $77,000 In His Account; By The End He Owed $9 Million The April 20 historic oil price crash that sent the prompt May WTI contract plunging to the unheard of price of negative $40 per barrel now seems like ancient history with oil back in the $20s (at least […]

  • “The Compliant & Complicit Media Has A Lot To Answer For”

    ZeroHedge - May 8th 2020 2:40pm EDT

    “The Compliant & Complicit Media Has A Lot To Answer For” Authored by James Howard Kunstler via Kunstler.com, “I Sent Them!” “Our utter incompetence actually helps us,” declared Deputy Assistant Director of the FBI Peter Strzok to his confident (10,000 text messages) and paramour, FBI attorney Lisa Page, when he discovered on January 4, 2017, […]

  • Iranian Hackers Targeted Gilead As Coronavirus Research Becomes New Cybercrime Holy Grail

    ZeroHedge - May 8th 2020 2:25pm EDT

    Iranian Hackers Targeted Gilead As Coronavirus Research Becomes New Cybercrime Holy Grail The same group of shadowy Iranian hackers who were caught trying to steal America’s atomic secrets – a group that’s known only by the nickname “Charming Kitten” – has been caught trying to hack into Gilead, Reuters reports in what the financial newswire […]

  • David Stockman On Inflation, Gold, & Personal Freedom In A Post-COVID-19 World

    ZeroHedge - May 8th 2020 2:10pm EDT

    David Stockman On Inflation, Gold, & Personal Freedom In A Post-COVID-19 World Via InternationalMan.com, International Man: Do you think there will be retail inflation in the months ahead? David Stockman: I think it’s hard to say because there are opposite forces at work. On the one hand, if you look at something like oil and […]

  • “It’s Bad” – Massive Earnings Downside Surprises Send Recovery Hope Into 2021 At Best

    ZeroHedge - May 8th 2020 1:55pm EDT

    “It’s Bad” – Massive Earnings Downside Surprises Send Recovery Hope Into 2021 At Best “Overall, earnings delivery continues to surprise to the downside versus consensus estimates, across all regions,” says JPMorgan strategist Mislav Matejka, noting Europe’s earnings-per-share growth for the first quarter is now down 25% year-on-year, while sales growth is 6% lower. Simply put, it’s […]

  • No, The Lockdown-Driven “Savings Mirage” Won’t Save The Economy

    ZeroHedge - May 8th 2020 1:40pm EDT

    No, The Lockdown-Driven “Savings Mirage” Won’t Save The Economy Authored by Lance Roberts via RealInvestmentAdvice.com, The fiscal and monetary responses to the “coronavirus” created a surge in savings. While many hope those savings will go back to work, the “savings mirage” won’t save the economy. In recent weeks, there has been a good bit of chatter about the surge in […]

  • Truck Drivers Suffer Largest Job Loss On Record After April Bloodbath Leaves 88,300 Unemployed

    ZeroHedge - May 8th 2020 1:25pm EDT

    Truck Drivers Suffer Largest Job Loss On Record After April Bloodbath Leaves 88,300 Unemployed On Thursday we noted that April orders for class 8 heavy trucks fell a staggering 73% year over year, and 44% from March – the worst order numbers on record as coronavirus shutdowns have put the trucking industry on the cusp […]

  • Linda Hirschman: Yes, Biden Is A Rapist But He Should Be The Next President

    ZeroHedge - May 8th 2020 1:10pm EDT

    Linda Hirschman: Yes, Biden Is A Rapist But He Should Be The Next President Authored by Jonathan Turley, Yesterday, we discussed the astonishing tweet from Lisa Bloom that she believes that Joe Biden is a rapist and continues to lie about raping a former staffer, but she still will endorse him for President.  Now Linda […]

  • The Nasdaq Is Now Bigger Than The Rest Of The World’s Stock Market

    ZeroHedge - May 8th 2020 12:55pm EDT

    The Nasdaq Is Now Bigger Than The Rest Of The World’s Stock Market Presented without comment (for those who desperately need a comment, read Goldman on why there is never a happy ending when the entire stock market is just five stocks). Tyler Durden Fri, 05/08/2020 – 12:55

  • Facebook Censorship Council Includes Pro-Muslim Brotherhood Activist

    ZeroHedge - May 8th 2020 12:40pm EDT

    Facebook Censorship Council Includes Pro-Muslim Brotherhood Activist Authored by Paul Joseph Watson via Summit News, Facebook’s new censorship council, which will decide what content gets deleted from the website, includes a pro-Muslim Brotherhood Yemeni activist. “The independent board, which will be able to overturn Facebook and its CEO Mark Zuckerberg’s decisions on whether individual pieces […]

  • Buybacks Are Back: Stocks Soar Even Equity Outflows Hit Two Month High

    ZeroHedge - May 8th 2020 12:28pm EDT

    Buybacks Are Back: Stocks Soar Even Equity Outflows Hit Two Month High Back in 2019 we posted on several occasions that a “conundrum” had emerged in the stock market: with equities hitting new all time highs, especially in the last quarter after the Fed relaunched QE to bailout a bunch of basis trading hedge funds […]

  • America’s Colleges Awarded $12.5 Billion In COVID-19 Bailout – Who Got It And How Much?

    ZeroHedge - May 8th 2020 12:10pm EDT

    America’s Colleges Awarded $12.5 Billion In COVID-19 Bailout – Who Got It And How Much? Submitted by Adam Andzejewski, first published in Forbes, Harvard decided not to apply for their $9 million share of the $2.2 trillion CARES Act – the Coronavirus Aid, Relief, and Economic Security Act, after President Donald Trump brought the issue […]

  • Aide To Mike Pence Tests Positive For COVID-19

    ZeroHedge - May 8th 2020 11:42am EDT

    Aide To Mike Pence Tests Positive For COVID-19 One day ago, the White House confirmed that President Trump’s “valet” had tested positive for COVID-19, though it swiftly added that both Trump and VP Pence had both tested negative shortly after. Now it seems an aide to VP Pence has also tested positive, according to a […]

  • 2Y Yields Hit New Record Low As Market Pushes NIRP Bets Amid Powell Silence

    ZeroHedge - May 8th 2020 11:16am EDT

    2Y Yields Hit New Record Low As Market Pushes NIRP Bets Amid Powell Silence The Fed has a major problem… Futures markets are signaling, with increasing zeal, negative US interest rates as soon as November 2020… In fact, as the chart above shows, Fed Fund Futures are pricing in a stunning negative 42bps rate in […]

  • What’s Behind Trump’s Strategic Pivot

    ZeroHedge - May 8th 2020 11:00am EDT

    What’s Behind Trump’s Strategic Pivot Authored by Patrick Buchanan via Buchanan.org, After Pearl Harbor, FDR declared that his role of “Dr. New Deal” had been superseded, replaced by his new role, “Dr. Win the War.” Tuesday, President Donald Trump signaled that, in the war on the coronavirus pandemic, he, too, is executing a strategic pivot. […]

  • “A V-Shaped Recovery Will Not Be Possible”: Today’s Job Losses Reflect A 40% GDP Crash

    ZeroHedge - May 8th 2020 10:41am EDT

    “A V-Shaped Recovery Will Not Be Possible”: Today’s Job Losses Reflect A 40% GDP Crash Now that the worst jobless print and unemployment rate in US history are in the record books, the next questions are i) what does this mean for the US economy and ii) how long before things revert back to normal.  […]