News From ZeroHedge, Page 3112

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  • Oil Tumbles As Traders Frontrun USO Liquidation Of Entire June Exposure

    ZeroHedge - Apr 27th 2020 10:04am EDT

    Oil Tumbles As Traders Frontrun USO Liquidation Of Entire June Exposure While the culprits behind last week’s historic oil plunge to a negative $40/barrel have yet to be conclusively identified, with some pointing fingers at US retail traders, while others blaming tremendous losses in Chinese structured products, one clear usual suspect is the USO, the […]

  • White-Collar Workers Logging Three More Hours Per Day During Pandemic Lockdown

    ZeroHedge - Apr 27th 2020 9:50am EDT

    White-Collar Workers Logging Three More Hours Per Day During Pandemic Lockdown While nearly 27 million American workers have lost their jobs over the past five weeks – and millions more are coping with reduced hours, desk jockeys forced to work from home (WFH) amid the coronavirus pandemic are logging three more hours per day on […]

  • Who’s All In?

    ZeroHedge - Apr 27th 2020 9:30am EDT

    Who’s All In? Submitted by Michael Every of Rabobank Who’s All In? It is undoubtedly a sign of the times that the Wall Street Journal’s former Fed whisperer Greg Ip has just written an article titled “The Debt is Soaring; Debt Risks are Not” that argues despite soaring US debt issuance the collapse in Treasury […]

  • Key Events In The Coming “Huge” Week

    ZeroHedge - Apr 27th 2020 9:18am EDT

    Key Events In The Coming “Huge” Week After a quiet start on Monday, this week we’ll be bombarded with a peak week of Q1 earnings, the Federal Reserve and ECB due to announce policy decisions following the BOJ as the battle against the pandemic continues, China PMIs and Q1 GDP growth in Europe/US. “This coming […]

  • White House Economic Adviser: Q2 GDP Will Be Biggest Negative Number Since Great Depression; -20% To -30%

    ZeroHedge - Apr 27th 2020 9:15am EDT

    White House Economic Adviser: Q2 GDP Will Be Biggest Negative Number Since Great Depression; -20% To -30% White House economic adviser Kevin Hassett says Q2 GDP will be the ‘biggest negative number since the great depression,’ Hassett says that a lot of the unemployment insurance claims occurred after they were included in the survey for […]

  • GM Suspends Dividend, Stock Buyback Program To Preserve Cash

    ZeroHedge - Apr 27th 2020 8:55am EDT

    GM Suspends Dividend, Stock Buyback Program To Preserve Cash In an attempt to preserve its dwindling cash as the economy remains paralyzed, General Motors announced that it has suspended its cash dividend of $1.52/share and share repurchase program while taking “other significant austerity” measures to preserve near-term available cash. The automaker also said it has […]

  • Lessons Forgotten Are Relearned During Bear Markets

    ZeroHedge - Apr 27th 2020 8:55am EDT

    Lessons Forgotten Are Relearned During Bear Markets Authored by Lance Roberts via RealInvestmentAdvice.com, Bear markets are always a reminder of lessons forgotten. Just recently, my partner, and financial planning “guru,” Richard Rosso, shared some analysis on Russell Napier’s classic book, “Anatomy Of The Bear.”  As Richard noted, the book is: “A mandatory study for every financial professional and investor […]

  • Apple Plans To Delay iPhone Production Ramp, Will Produce 20% Fewer Units

    ZeroHedge - Apr 27th 2020 8:41am EDT

    Apple Plans To Delay iPhone Production Ramp, Will Produce 20% Fewer Units A little over a week ago, as global stocks were just beginning a rebound that would set the US market on track for its biggest one-month rally in almost nine years, we spotted a premarket Apple headline that seemed suspiciously crafted to bolster […]

  • Futures Surge As BOJ Goes Full Brrr, States Reopen While Oil Craters

    ZeroHedge - Apr 27th 2020 8:23am EDT

    Futures Surge As BOJ Goes Full Brrr, States Reopen While Oil Craters S&P futures climbed alongside stocks in Europe and Asia to start the week after the BOJ went full Brrr earlier when the central bank announced it would buy unlimited amount of bonds (even though nobody actually wants to sell to the BOJ) as […]

  • The End Of Lockdowns Looms – What Is The Biggest Danger?

    ZeroHedge - Apr 27th 2020 8:05am EDT

    The End Of Lockdowns Looms – What Is The Biggest Danger? Authored by Bill Blain via MorningPorridge.com, “The vicissitudes of fortune, which spares neither man nor the proudest of his works, which buries empires and cities in a common grave.” It feels like the various market threads are now coming together. We’re getting close to […]

  • Crucial Test Of Equity Sentiment As Monster Earnings Week Awaits

    ZeroHedge - Apr 27th 2020 7:42am EDT

    Crucial Test Of Equity Sentiment As Monster Earnings Week Awaits By Peter Garnry, Head of Equity Strategy, Saxo Bank Summary: We observe more signs of stabilization in equities with volatility markets normalizing and Italian government bonds coming back from the lows. But this week will be the ultimate test of sentiment with earnings from Apple, […]

  • New Zealand Prepares To Lift Lockdown As Dr. Birx Says US Will Continue ‘Social Distancing’ Until End Of Summer: Live Updates

    ZeroHedge - Apr 27th 2020 7:26am EDT

    New Zealand Prepares To Lift Lockdown As Dr. Birx Says US Will Continue ‘Social Distancing’ Until End Of Summer: Live Updates The great international experiment of coronavirus lockdowns, a movement that at its peak left more than half of the world’s population facing at least some legal restrictions on freedom of movement, has officially entered […]

  • It’s Time To Convert Cruise Ships Into Oil Tankers

    ZeroHedge - Apr 27th 2020 7:20am EDT

    It’s Time To Convert Cruise Ships Into Oil Tankers Submitted by The Stonk Market, via ValueWalk, “The cruise industry is fu$ked,” the voice of a worried CEO echoed through a Zoom meeting Friday morning.  “What in the hell are we going to do?” The cruise industry has officially cratered.  Bookings have dropped to levels never […]

  • Bill Gates Says His Foundation Is Abandoning Other Initiatives To ‘Focus 100%’ On Coronavirus

    ZeroHedge - Apr 27th 2020 6:55am EDT

    Bill Gates Says His Foundation Is Abandoning Other Initiatives To ‘Focus 100%’ On Coronavirus In his latest attempt to undermine President Trump over his decision to cut funding to the WHO, Bill Gates has decided to dedicate the Bill & Melinda Gates Foundation – the world’s wealthiest charity – solely to battling the novel coronavirus. […]

  • Southern European Tourism (21% Of GDP) Is On Its Knees… Will It Ever Get Back Up Again?

    ZeroHedge - Apr 27th 2020 6:30am EDT

    Southern European Tourism (21% Of GDP) Is On Its Knees… Will It Ever Get Back Up Again? Authored by Nick Corbishley via WolfStreet.com, The tourism industry is in the “eye of the hurricane”, says Manuel Butler, executive director of the World Tourism Organization. “It was the first sector to be afflicted by the virus crisis and, unlike […]

  • Tesla Reportedly Sending Workers Back To Fremont Before Stay-At-Home Orders Expire

    ZeroHedge - Apr 27th 2020 6:00am EDT

    Tesla Reportedly Sending Workers Back To Fremont Before Stay-At-Home Orders Expire So far, Elon Musk has done nothing but embarrass himself and show blatant disregard for his employees during the coronavirus pandemic. He argued with Alameda County about having to shut down his Fremont factory and, in January, said that panic around the virus was […]

  • Since Inception, The Euro Has Devalued 85% Against Gold

    ZeroHedge - Apr 27th 2020 5:30am EDT

    Since Inception, The Euro Has Devalued 85% Against Gold Authored by Jan Nieuwenhuijs for Voima Insight, Technically, the euro was launched on January 1, 1999, although euro notes and coins started circulating in January of 2002. The first gold price recorded in 1999 was €7,879 euros per Kg – or €7.88 euros per gram (we’ll […]

  • UK Removes China From Official COVID-19 Statistics Over Wonky Death Toll

    ZeroHedge - Apr 27th 2020 4:55am EDT

    UK Removes China From Official COVID-19 Statistics Over Wonky Death Toll The UK has removed China from its official coronavirus statistics due to the CCP’s insistence that just 4,636 people have died of the disease despite clear evidence to the contrary. According to the Daily Mail, the move is a snub due to Beijing’s early […]

  • Is China Going To “Win” In The Corona-Crisis?

    ZeroHedge - Apr 27th 2020 4:20am EDT

    Is China Going To “Win” In The Corona-Crisis? Authored by Amir Taheri via The Gatestone Institute, “Is China Winning?” This was the cover headline that the British weekly The Economist unfurled earlier this month for a lengthy report on how the major powers might emerge out of the current coronavirus crisis. This is not the first time […]

  • “I Want My Life Back” – German Anti-Lockdown Protests Worsen

    ZeroHedge - Apr 27th 2020 3:45am EDT

    “I Want My Life Back” – German Anti-Lockdown Protests Worsen More than a thousand anti-quarantine protesters turned out for a rally in the German capital, Berlin, on Saturday, resulting in dozens of arrests. This is a continuation from last weekend as social decay worsens. Saturday’s protest saw mainly leftist activist but also a mix of right-wing […]

  • Paris Hospital Nurses Recreate ‘Last Supper’ With Themselves As Jesus & His Apostles

    ZeroHedge - Apr 27th 2020 3:10am EDT

    Paris Hospital Nurses Recreate ‘Last Supper’ With Themselves As Jesus & His Apostles Authored by Paul Joseph Watson via Summit News, Nurses at a hospital in Paris took a break from dealing with coronavirus patients to re-create Leonardo Da Vinci’s The Last Supper painting with themselves playing the part of Jesus and his apostles. The […]

  • Norges Bank Considers Revoking Offer To Incoming Wealth Fund CEO After Left Wing Outrage Campaign

    ZeroHedge - Apr 27th 2020 2:35am EDT

    Norges Bank Considers Revoking Offer To Incoming Wealth Fund CEO After Left Wing Outrage Campaign The scandal unfolding at Norway’s $1 trillion sovereign wealth fund, one of the largest piles of oil capital in the world, is beginning to look less like an unseemly glimpse into the incestuous world of Norway’s elite, and more like […]

  • Even The EU Are A Bunch Of ‘Karens’: Barnier Complains About Brexit Negotiations

    ZeroHedge - Apr 27th 2020 2:00am EDT

    Even The EU Are A Bunch Of ‘Karens’: Barnier Complains About Brexit Negotiations Authored by Tom Luongo via Gold, Goats, ‘n Guns blog, So, this happened… EU lead negotiator for the free trade agreement with the United Kingdom is complaining in the press again. “The United Kingdom cannot refuse to extend the transition and at […]

  • A Navy Destroyer Is Heading To Port, Crippled By Another COVID-19 Outbreak At Sea

    ZeroHedge - Apr 27th 2020 1:05am EDT

    A Navy Destroyer Is Heading To Port, Crippled By Another COVID-19 Outbreak At Sea Will yet another major US Navy warship be disabled by the coronavirus pandemic like the USS Theodore Roosevelt carrier fiasco?  The Navy now reports its Arleigh Burke-class guided-missile destroyer, the USS Kidd has at least 33 confirmed COVID-19 cases among the crew, nearly […]

  • Here’s “Polyamory”: Multi-Partner Sexual-Rights Crusade On The Horizon

    ZeroHedge - Apr 27th 2020 12:15am EDT

    Here’s “Polyamory”: Multi-Partner Sexual-Rights Crusade On The Horizon Authored by John Murawski via RealClearInvestigations.com, It was only a few months ago that someone last treated Cassie Johns like a freak. During a doctor’s office visit in February, she was asked to list her emergency contacts. Johns, a preschool teacher in Seattle, wrote down two people […]