News From ZeroHedge, Page 3145

RSS

  • Here Comes The Depression: Empire State Manufacturing Crashes Most Ever To -78, Lowest In History

    ZeroHedge - Apr 15th 2020 8:43am EDT

    Here Comes The Depression: Empire State Manufacturing Crashes Most Ever To -78, Lowest In History This is what a depression looks like. With Wall Street already expecting a catastrophic Empire Fed manufacturing index print of -35, just shy of the lows hit during the financial crisis, moments ago the NY Fed reported that New York […]

  • US Retail Sales Crash By Most Ever In March, Despite Hoarding

    ZeroHedge - Apr 15th 2020 8:39am EDT

    US Retail Sales Crash By Most Ever In March, Despite Hoarding While it is not entirely surprising given that practically all of America is under lockdown and the consumption-focused services sector is particularly distressed, US retail sales crashed 8.7% MoM in March (against expectations of a 8.0% drop) Source: Bloomberg Year-over-year, headline retail sales crashed […]

  • Luongo Rages: #FireFauci Should Be The Rallying Cry For A Generation

    ZeroHedge - Apr 15th 2020 8:29am EDT

    Luongo Rages: #FireFauci Should Be The Rallying Cry For A Generation Authored by Tom Luongo via Gold, Goats, ‘n Guns blog, I’m done mincing words. I’m done giving people the benefit of the doubt. Whenever I do that The Davos Crowd and their highly placed agents make me look like a virtue-signaling fool. Fire Anthony Fauci now. […]

  • BofA Profit Plunges 45% On $4.8 Billion In Expected Credit Losses From Coronacrisis

    ZeroHedge - Apr 15th 2020 8:18am EDT

    BofA Profit Plunges 45% On $4.8 Billion In Expected Credit Losses From Coronacrisis Bank of America joined JPMorgan and Wells Fargo in setting aside billions of dollars for upcoming loan losses as the bank braces for a surge in defaults and delinquencies on its loans amid the complete US economic shut down. The bank reports […]

  • Global Coronavirus Cases On The Cusp Of 2 Million; Critics Outraged As Trump Prints Name On Stimulus Checks: Live Updates

    ZeroHedge - Apr 15th 2020 8:01am EDT

    Global Coronavirus Cases On The Cusp Of 2 Million; Critics Outraged As Trump Prints Name On Stimulus Checks: Live Updates In a decision that is angering virtually all of his political opponents and even many of his supporters, who are bristling at the notion of a White House deliberately delaying badly needed checks, the Washington […]

  • Why Is Hunter Biden Still Listed As Board Member Of Chinese Company He Vowed To Resign From?

    ZeroHedge - Apr 15th 2020 7:55am EDT

    Why Is Hunter Biden Still Listed As Board Member Of Chinese Company He Vowed To Resign From? Hunter Biden is many things. Ukrainian energy expert, artist, stripper impregnator, crack aficionado. Oh, and he’s still a board member of a Chinese private equity firm he said he’d resign from last October, according to Chinese business records […]

  • Global Markets Tumble Amid Dismal Earnings After WTI Crashes To 18 Year Low

    ZeroHedge - Apr 15th 2020 7:34am EDT

    Global Markets Tumble Amid Dismal Earnings After WTI Crashes To 18 Year Low US index futures slumped on Wednesday for a second time this week, reversing Tuesday’s sharp gains after a plunge in oil prices pressured energy stocks ahead of what is expected to be a dismal round of first-quarter earnings reports. The dollar and […]

  • Cass Freight Index Showed Economic Weakness Way Before The Pandemic

    ZeroHedge - Apr 15th 2020 6:00am EDT

    Cass Freight Index Showed Economic Weakness Way Before The Pandemic Authored by Mike Shedlock via MishTalk, Numerous freight charts point to a weakening economy months before the coronavirus hit. I Hear the Train a Comin’ Covid19 will take all of the blame, but freight indicators show a recession was on the way even without that […]

  • Ford Scrambles To Raise Money As Dwindling Cash Balance Becomes A Focus

    ZeroHedge - Apr 15th 2020 5:30am EDT

    Ford Scrambles To Raise Money As Dwindling Cash Balance Becomes A Focus Ford, already in a precarious position from the pandemic shutdown and an auto market that was in recession prior to the coronavirus, is now starting to look at options to raise cash. On Monday, Ford said it expects to report a loss later this […]

  • Turkey Plans To Send Fresh Wave Of COVID-Infected Migrants To Europe, Report

    ZeroHedge - Apr 15th 2020 5:00am EDT

    Turkey Plans To Send Fresh Wave Of COVID-Infected Migrants To Europe, Report Authored by Paul Joseph Watson via Summit News, Voice of America reports that Turkey’s President Recep Erdogan is planning to send a fresh wave of migrants to Europe, with officials fearing many of them will be infected with coronavirus. “Greek forces are on […]

  • “Wasted” – 50 Million Pints Down The Drain Unless UK Pubs Reopen By Summer

    ZeroHedge - Apr 15th 2020 4:15am EDT

    “Wasted” – 50 Million Pints Down The Drain Unless UK Pubs Reopen By Summer Britain remained in a nationwide lockdown in mid-April as virus-related deaths and confirmed cases climb. A crashed economy and high unemployment risk sending the country into depression. Non-essential businesses, like pubs, have been shuttered for nearly a month. BBC News is […]

  • Flattening The Curve Or Flattening Bellies? Africa’s COVID-19 Dilemma

    ZeroHedge - Apr 15th 2020 3:30am EDT

    Flattening The Curve Or Flattening Bellies? Africa’s COVID-19 Dilemma Authored by Michael Gyekye via The Mises Institute, African governments have joined the global lockdown bandwagon as they press for an urgent halt to the spread of the COVID-19 pandemic. With more than ten thousand cases and hundreds of deaths to date, many on the continent believe that […]

  • 65% Of Greek Hotels Face Bankruptcy As Lockdowns Continue

    ZeroHedge - Apr 15th 2020 2:45am EDT

    65% Of Greek Hotels Face Bankruptcy As Lockdowns Continue The Greek tourism industry has collapsed in the wake of the COVID-19 pandemic and on track to lose at least 50% of its revenues in 2020, said Grigoris Tasios, President of the Greek Hoteliers Association, who spoke with the Greek Reporter last week. The Hellenic Chamber […]

  • Will Quiet Middle East Last? Or Is It Lull Before Next Storm?

    ZeroHedge - Apr 15th 2020 2:00am EDT

    Will Quiet Middle East Last? Or Is It Lull Before Next Storm? Authored by Martin Sieff via The Strategic Culture Foundation, Across the Middle East, the coronavirus is stirring up both upheavals and more subtle changes from Tel Aviv to Riyadh, little reported and when covered little understood in the Western media. In Israel, the […]

  • US Flexes Military Might Near Russian Forces In Provocative F-35 Flight Over Syria

    ZeroHedge - Apr 15th 2020 1:00am EDT

    US Flexes Military Might Near Russian Forces In Provocative F-35 Flight Over Syria Via AlMasdarNews.com, The U.S. military flew their new F-35 stealth jet over Syria’s skies this past week, as they display their strength in front of the Russian Armed Forces who are only a few kilometers away from the American troops in the eastern Euphrates […]

  • A Brave New Normal, CJ Hopkins Has A Theory

    ZeroHedge - Apr 15th 2020 12:05am EDT

    A Brave New Normal, CJ Hopkins Has A Theory Authored (satirically) by CJ Hopkins via ConsentFactory.org, So the War on Populism is finally over. Go ahead, take a wild guess who won. I’ll give you a hint. It wasn’t the Russians, or the white supremacists, or the gilets jaunes, or Jeremy Corbyn’s Nazi Death Cult, […]

  • ‘Rice ATM’ Feeds Vietnam’s Working Poor In Covid Lockdown

    ZeroHedge - Apr 14th 2020 11:45pm EDT

    ‘Rice ATM’ Feeds Vietnam’s Working Poor In Covid Lockdown Vietnam’s working-class poor are being fed by a 24/7 automatic dispensing machine providing free rice following a nationwide lockdown to curb the spread of COVID-19, reported Vietnam+. Hoang Tuan Anh, the Vietnamese entrepreneur behind the idea, designed the “rice ATM” to help “underprivileged people that have been […]

  • An Alchemist Explains To Joe Sixpack: “COVID-19 Alters America’s Hidden ‘War’ Forever”

    ZeroHedge - Apr 14th 2020 11:25pm EDT

    An Alchemist Explains To Joe Sixpack: “COVID-19 Alters America’s Hidden ‘War’ Forever” Authored by Alastair Crooke via The Strategic Culture Foundation, A perception ‘gap’, so wide, you could sail a Cruise Liner through it. On the one hand, we have the looming spectre of recession; a major loss of jobs, and of earnings cratered (some […]

  • China Will Be Hit With Second Coronavirus Wave In November, Top Shanghai Clinical Expert Warns

    ZeroHedge - Apr 14th 2020 11:12pm EDT

    China Will Be Hit With Second Coronavirus Wave In November, Top Shanghai Clinical Expert Warns Over the past two weeks we have reported on several occasions that hidden behind Beijing’s endless barrage of lies that “all is well”, China – which rushed to reopen the country in March long before the epidemic was eradicated from […]

  • Mapping The Wealthiest Person In Every US State In 2020

    ZeroHedge - Apr 14th 2020 11:05pm EDT

    Mapping The Wealthiest Person In Every US State In 2020 There are different degrees of wealth that exist, even among the richest in America. For example, a heavy-hitting millionaire might have the most impressive fortune in his or her home state – but, as Visual Capitalist’s Jeff Desjardins shows below, venture a few miles across […]

  • Social Distancing Efforts Are Now Cemented Into American Life

    ZeroHedge - Apr 14th 2020 10:45pm EDT

    Social Distancing Efforts Are Now Cemented Into American Life Authored by Justin McCarthy via Gallup.com, Avoiding public transportation such as planes, buses, subways or trains (89%) and small gatherings (84%) has become the norm for more than eight in 10 Americans. Nearly as many Americans are avoiding public places such as stores and restaurants (78%) […]

  • “Black People Not Allowed” – China Denies Reports It Banned African Residents From Guangzhou

    ZeroHedge - Apr 14th 2020 10:25pm EDT

    “Black People Not Allowed” – China Denies Reports It Banned African Residents From Guangzhou Africans living in the Southern Chinese city of Guangzhou say they have been victims of racism, forced into quarantine, banned from shops, and evicted from rentals, following five Nigerians testing positive for COVID-19, in a district of the city known as […]

  • JPM Sees Global Profits “Cratering” 70% In Q2, No Recovery Until 2023

    ZeroHedge - Apr 14th 2020 10:01pm EDT

    JPM Sees Global Profits “Cratering” 70% In Q2, No Recovery Until 2023 Late last week, we showed a chart from Credit Suisse which we described simply as “insanity” because it demonstrated that as the US careened into a depression, with GDP crashing and the unemployment rate soaring, between the latest Fed-driven surge in stocks and […]

  • Navy’s Mercy Hospital Ship Off L.A. Now Battling Serious COVID-19 Outbreak Among Crew

    ZeroHedge - Apr 14th 2020 9:45pm EDT

    Navy’s Mercy Hospital Ship Off L.A. Now Battling Serious COVID-19 Outbreak Among Crew It was supposed to help relieve local California hospitals in the fight against coronavirus, but now it may have become a dangerous source of spreading the disease. The emergency response ship USNS Mercy, docked since last month in the Port of Los Angeles, […]

  • COVID-19 & The War On Cash: What Is Behind The Push For A Cashless Society?

    ZeroHedge - Apr 14th 2020 9:25pm EDT

    COVID-19 & The War On Cash: What Is Behind The Push For A Cashless Society? Authored by John Whitehead via The Rutherford Institute, Cash may well become a casualty of the COVID-19 pandemic… As these COVID-19 lockdowns drag out, more and more individuals and businesses are going cashless (for convenience and in a so-called effort to avoid […]