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  • Crude Crash Spreading: June WTI Contract Plunges 42%, Brent Dips Below $20

    ZeroHedge - Apr 21st 2020 7:33am EDT

    Crude Crash Spreading: June WTI Contract Plunges 42%, Brent Dips Below $20 When recapping yesterday’s day of devastation for oil prices – and amateur oil traders – we quoted from the latest Goldman report (the bank’s strategist Damien Courvalin has been spot on and well ahead of the curve in predicting the drop to negative […]

  • Entertainment Industry Caves To Pressure

    ZeroHedge - Apr 21st 2020 7:23am EDT

    Entertainment Industry Caves To Pressure Submitted by Market Crumbs The ticketing industry has long faced criticism. Whether its the exorbitant fees you have to pay on top of the ticket price or allegations of tickets going to scalpers before fans, the industry as a whole does not have a good reputation. The reputation of the […]

  • What’s Next For Oil As Prices Go Negative?

    ZeroHedge - Apr 21st 2020 7:00am EDT

    What’s Next For Oil As Prices Go Negative? Authored by Nick Cunningham via OilPrice.com, Oil prices crashed through zero, closing out the day at -$37 per barrel, an unprecedented meltdown (only to rip back to zero tonight)… There are mitigating circumstances to these insane numbers. The prices for WTI reflect the contract for May, which expires this […]

  • Singapore Extends Lockdown Until End Of June As Outbreak Worsens: Live Updates

    ZeroHedge - Apr 21st 2020 6:48am EDT

    Singapore Extends Lockdown Until End Of June As Outbreak Worsens: Live Updates Summary: Singapore extends lockdown until end of June, longest in the world Demonstrators fill the streets of Paris Yonhap denies reports that NK’s KJU is dying *     *      * After a day of historic insanity in the American oil market, the Brent international […]

  • “Pathetic Number Of Loans” – Democrats Complain SBA Rescue Loan Program Was Unevenly Distributed

    ZeroHedge - Apr 21st 2020 6:30am EDT

    “Pathetic Number Of Loans” – Democrats Complain SBA Rescue Loan Program Was Unevenly Distributed In the first two weeks of the Trump administration’s Paycheck Protection Program (PPP) for small businesses crushed by coronavirus, the credit spigot was wide open. Still, it was not evenly distributed across the country.    On a geographical basis, loan amounts […]

  • Spaniards Face €2,000 Fine For “Disrespecting” A Police Officer During Lockdown

    ZeroHedge - Apr 21st 2020 6:00am EDT

    Spaniards Face €2,000 Fine For “Disrespecting” A Police Officer During Lockdown Authored by Paul Joseph Watson via Summit News, Amidst an investigation into the question of whether Spain’s draconian lockdown laws are constitutional, people are being fined a whopping €2,000 euros for “disrespecting” a police officer.   Unlike other European countries, people in Spain aren’t […]

  • Black Market Demand for COVID-19-Fighting HIV Drug Surges In Russia

    ZeroHedge - Apr 21st 2020 5:30am EDT

    Black Market Demand for COVID-19-Fighting HIV Drug Surges In Russia News that HIV drugs were being deployed in hospitals in China and elsewhere to treat COVID-19 patients has resulted in panic hoarding on the Russian black market by speculators and people who fear they could contract the deadly virus.  Panic hoarding began in February and has […]

  • Three Reasons Why Politicians Must Leave Oil Markets Alone

    ZeroHedge - Apr 21st 2020 5:00am EDT

    Three Reasons Why Politicians Must Leave Oil Markets Alone Authored by Troy Vincent via The Mises Institute, Although the heads of the world’s largest oil-producing nations were quick to claim a diplomatic victory following the latest OPEC+ (Organization of the Petroleum Exporting Countries “plus” non-OPEC oil producers) output-cut agreement, crude prices are telling a different […]

  • Norway’s Wealth Fund CEO Embroiled In Scandal Over Private Jet Ride As Oil Prices Collapse

    ZeroHedge - Apr 21st 2020 4:15am EDT

    Norway’s Wealth Fund CEO Embroiled In Scandal Over Private Jet Ride As Oil Prices Collapse As international crude benchmarks get clobbered (though not quite as badly as their American cousin), major oil-producing nations have been a major focus on Monday. The markets have taken a keen interest in how they plan to weather this unprecedented […]

  • Sweden Vs COVID-19: Why “Herd Immunity” Matters & Why Lockdown Doesn’t Really Work

    ZeroHedge - Apr 21st 2020 3:30am EDT

    Sweden Vs COVID-19: Why “Herd Immunity” Matters & Why Lockdown Doesn’t Really Work Via UnHerd.com, Professor Johan Giesecke, one of the world’s most senior epidemiologists, advisor to the Swedish Government (he hired Anders Tegnell who is currently directing Swedish strategy), the first Chief Scientist of the European Centre for Disease Prevention and Control, and an advisor […]

  • Turkey Overtakes China & Iran In Total COVID-19 Cases But Still Resists Lockdown

    ZeroHedge - Apr 21st 2020 2:45am EDT

    Turkey Overtakes China & Iran In Total COVID-19 Cases But Still Resists Lockdown For the first time going back to February 25 when Iranian leaders first publicly admitted they had a serious outbreak on their hands, and with the country establishing itself with the grim distinction of remaining the Middle East epicenter, another regional country now leads in total […]

  • Merkel May Survive The Coronapocalypse, But The EU Won’t

    ZeroHedge - Apr 21st 2020 2:00am EDT

    Merkel May Survive The Coronapocalypse, But The EU Won’t Authored by Tom Luongo via The Strategic Culture Foundation, No matter how hard I try to dig German Chancellor Angela Merkel’s political grave she proves more adept at staying alive than a cockroach in a woodpile. And the recent fight amongst European Union members over “Coronabonds” […]

  • Watch: Russian Fighter Buzzes US Spy Plane Near Syria For 2nd Time In Four Days

    ZeroHedge - Apr 21st 2020 1:00am EDT

    Watch: Russian Fighter Buzzes US Spy Plane Near Syria For 2nd Time In Four Days For the second time in four days a Russian jet has intercepted a US plane over the Mediterranean, bringing tensions between the two countries to boiling point at a moment Moscow is appearing to flex in defense of its ally […]

  • Revolutionary Times & Regime Collapse – “The System Cannot Handle It”

    ZeroHedge - Apr 20th 2020 11:55pm EDT

    Revolutionary Times & Regime Collapse – “The System Cannot Handle It” Authored by Alastair Crooke via The Strategic Culture Foundation, Some have queried how it could be that President Putin would co-operate with President Trump to have OPEC+ push oil prices higher – when those higher prices precisely would only help sustain U.S. oil production. […]

  • India Reports Record Spike In Coronavirus Cases Just As It Starts Reopening Economy

    ZeroHedge - Apr 20th 2020 11:35pm EDT

    India Reports Record Spike In Coronavirus Cases Just As It Starts Reopening Economy With increasingly politicized debates raging across developed countries whether or not to reopen economies as new coronavirus cases and deaths appear to be plateauing, India has made the decision to ease one of the world’s strictest lockdowns to allow some manufacturing and […]

  • How To Get Rid Of A POTUS

    ZeroHedge - Apr 20th 2020 11:15pm EDT

    How To Get Rid Of A POTUS Authored by ‘John Quincy Adams’ via The Strategic Culture Foundation, In the Soviet Union there was an expression “The Organs of State Security” or “Organs” for short. Their supposed power in the USSR was one of the things that separated them from what we used to call “the […]

  • Big Brother Bezos Is Now Tracking Amazon Factory Workers With Thermal Imaging Camera

    ZeroHedge - Apr 20th 2020 10:55pm EDT

    Big Brother Bezos Is Now Tracking Amazon Factory Workers With Thermal Imaging Camera Amazon is installing thermal cameras at its warehouses across the country to detect feverish employees in a bid to speed up screening of potential COVID-19 carriers, reported Reuters.  The new cameras measure how much heat a person releases relative to their surroundings, Amazon […]

  • Mike Krieger: “The Whole System Is Breaking Down Under Its Own Weight”

    ZeroHedge - Apr 20th 2020 10:35pm EDT

    Mike Krieger: “The Whole System Is Breaking Down Under Its Own Weight” Authored by Mike Krieger via Liberty Blitzkrieg blog, We find ourselves at a moment where the financial and political systems that have dominated for decades are failing in a spectacular and irredeemable fashion. Those who pull the levers are (as usual) attempting to […]

  • Trump Temporarily Suspends All Immigration Into The United States

    ZeroHedge - Apr 20th 2020 10:16pm EDT

    Trump Temporarily Suspends All Immigration Into The United States In a stunning turn of events, late on Monday, president Trump tweeted that “In light of the attack from the Invisible Enemy, as well as the need to protect the jobs of our GREAT American Citizens, I will be signing an Executive Order to temporarily suspend […]

  • Won Tumbles After CNN Reports North Korea’s Kim “In Grave Danger” After Surgery

    ZeroHedge - Apr 20th 2020 10:11pm EDT

    Won Tumbles After CNN Reports North Korea’s Kim “In Grave Danger” After Surgery South Korea’s KOSPI stock market index and the Won are tumbling as uncertainty grows over the health of their northern neighbor’s leader. Earlier headlines from Daily NK – a website run mostly by North Korean defectors – reported that North Korean leader Kim Jong […]

  • Who Was Forced To Liquidate Oil Today? Goldman Answers

    ZeroHedge - Apr 20th 2020 9:42pm EDT

    Who Was Forced To Liquidate Oil Today? Goldman Answers In the annals of market history, April 20, 2020 will be forever remembered the day when, for the first time ever, the deliverable WTI future contract plunged 50%, 60% – the drop accelerating – then 70%, 80%, 90%, 99%, … and then the unthinkable happened: after […]

  • Uber Sticks Former Star Engineer With $180 Million Legal Bill After Google Ruling

    ZeroHedge - Apr 20th 2020 9:35pm EDT

    Uber Sticks Former Star Engineer With $180 Million Legal Bill After Google Ruling Uber says it will not be indemnifying former star engineer Anthony Levandowski for a $180 million legal award won against him by Google. The company instead claims that Levandowski’s guilty plea confirms he’s a liar and that he should not be entitled to have […]

  • “The Hit Is Huge”: Colleges Brace For ‘Fatal’ Blow Of Next Fall As Face-To-Face Instruction Uncertain

    ZeroHedge - Apr 20th 2020 9:15pm EDT

    “The Hit Is Huge”: Colleges Brace For ‘Fatal’ Blow Of Next Fall As Face-To-Face Instruction Uncertain A viral post written by a veteran professor on Medium recently grabbed prospective students’ attention in saying provocatively: “This is a message to all high school seniors (and their parents). If you were planning to enroll in college next fall […]

  • Central Banks Have Pumped An Annualized $23.4 Trillion Into The Financial System

    ZeroHedge - Apr 20th 2020 8:55pm EDT

    Central Banks Have Pumped An Annualized $23.4 Trillion Into The Financial System You know there is a lot of confusion in the market when even fundamental, deep-value investing bloggers legends like Howard Marks now flip-flop every single week (accompanied by one investor letter after another) from bearish to bullish and back again, as if so […]

  • “Tourist Go Home” – Tensions Soar As Hawaiians Urge Non-Residents To “Leave”

    ZeroHedge - Apr 20th 2020 8:35pm EDT

    “Tourist Go Home” – Tensions Soar As Hawaiians Urge Non-Residents To “Leave” Hawaiians are becoming increasingly angry, not because the tourism industry has collapsed, and 37% of the labor force has just filed for unemployment, but mostly because US mainlanders, motivated by super discounted flights and hotel rooms, continue to pour into the various Hawaiian […]