News From ZeroHedge, Page 3146

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  • Second Wave Of Coronavirus Layoffs Claiming Workers Who Thought They Were Safe

    ZeroHedge - Apr 14th 2020 8:25pm EDT

    Second Wave Of Coronavirus Layoffs Claiming Workers Who Thought They Were Safe When the United States went into a virtual lockdown to slow the spread of the coronavirus pandemic, the effects were devastating. Within a three week period, nearly 17 million people have filed for unemployment, while modern day ‘bread lines’ are getting longer each […]

  • NY Fed Head Trader: “The Scale Of Our Asset Purchases Has Been Unparalleled”

    ZeroHedge - Apr 14th 2020 8:05pm EDT

    NY Fed Head Trader: “The Scale Of Our Asset Purchases Has Been Unparalleled” In remarks delivered before the Foreign Exchange Committee of the NY Fed, Lorie Logan, who is the head of the Fed’s open markets, i.e., the head trader of the world’s biggest hedge fund, commented on the Fed’s unprecedented intervention, and takeover, of […]

  • New Study Exposes More Evidence That Summer Won’t Stop The Coronavirus

    ZeroHedge - Apr 14th 2020 7:45pm EDT

    New Study Exposes More Evidence That Summer Won’t Stop The Coronavirus One of the public’s last great hopes as the number of confirmed coronavirus cases nears the 2 million mark is that the onset of summer in the northern hemisphere will help defeat the virus as warmer temperatures make life for the virus more hostile, […]

  • Gold Miners Now Deemed “Essential” In Canada

    ZeroHedge - Apr 14th 2020 7:25pm EDT

    Gold Miners Now Deemed “Essential” In Canada Authored by Neils Christensen via Kitco.com, Mining companies with operations in Quebec are wasting no time jumping back into action after the provincial government announced Monday night that mining is now considered an essential service and operations can restart Wednesday. While miners in Quebec will be heading back […]

  • White House Leaks Draft Plan To Reopen American Economy

    ZeroHedge - Apr 14th 2020 7:12pm EDT

    White House Leaks Draft Plan To Reopen American Economy As President Trump declared that he would leave the process of reopening the economy up to the states (with input from federal officials, of course), the Washington Post was releasing a ‘leaked’ report outlining a plan drafted by CDC and FDA that’s essentially a guide for […]

  • “I Am Essential… I Talk To God!”: Virginia Pastor Who Defied Lockdown Order Has Died From COVID-19

    ZeroHedge - Apr 14th 2020 6:45pm EDT

    “I Am Essential… I Talk To God!”: Virginia Pastor Who Defied Lockdown Order Has Died From COVID-19 Authored by Isabel van Brugen via The Epoch Times, A Virginia evangelical pastor has died after contracting the CCP virus, weeks after holding a packed service in his Richmond church. Bishop Gerald O. Glenn, 66, founder and pastor of the […]

  • President Trump Halts US Funding Of World Health Organization

    ZeroHedge - Apr 14th 2020 6:29pm EDT

    President Trump Halts US Funding Of World Health Organization Just as he threatened last week,  and was threatened back with “body bags,” President Trump tonight confirmed he will halt US funding for The World Health Organization, while US reviews virus warnings regarding China. “The WHO failed in its basic duty and must be held accountable,” […]

  • After Buying The HY Bond Dip, Howard Marks Slams The Fed’s “Eradication Of Market’s Healthy Fear Of Loss”

    ZeroHedge - Apr 14th 2020 6:25pm EDT

    After Buying The HY Bond Dip, Howard Marks Slams The Fed’s “Eradication Of Market’s Healthy Fear Of Loss” A week ago, CNBC and its cohorts in the asset-pimping business crowed loudly that billionaire hedge fund manager Howard Marks had turned bullish. Entire segments were devoted to his comment that “the risks in the environment are […]

  • Meanwhile, WW3 May Be Brewing While We’re Distracted

    ZeroHedge - Apr 14th 2020 6:05pm EDT

    Meanwhile, WW3 May Be Brewing While We’re Distracted Authored by Brandon Tourbeville via The Organic Prepper blog, Those who are paying close attention to the pandemic may have missed that another potential killer is brewing across the ocean. In Syria today, there is the real and looming threat of a third world war. Not only […]

  • 80% Of Americans Will Wait To Resume Normal Activities After COVID-19 Restrictions Lifted

    ZeroHedge - Apr 14th 2020 5:45pm EDT

    80% Of Americans Will Wait To Resume Normal Activities After COVID-19 Restrictions Lifted As the debate rages over when to reopen the country amid the coronavirus pandemic, over 80% of Americans say they would wait to return to normal activities after the government lifts nationwide restrictions designed to slow the spread of the virus, according […]

  • The Road To Perdition Is Paved With Evil Intentions, Part 2: A Final Reckoning

    ZeroHedge - Apr 14th 2020 5:25pm EDT

    The Road To Perdition Is Paved With Evil Intentions, Part 2: A Final Reckoning Authored by Jim Quinn via The Burning Platform, In Part 1 of this article I pointed out how we have allowed ourselves to be cowed by authoritarian “experts” who have proven to be nothing but incompetent and wrong every step of the way, […]

  • US Airlines, Treasury Department Reach Deal For Billions In Bailout Aid

    ZeroHedge - Apr 14th 2020 5:09pm EDT

    US Airlines, Treasury Department Reach Deal For Billions In Bailout Aid After weeks of negotiations over the shape of the Treasury’s bailout package of US airline carriers, moments ago the Treasury Department announced it had reached an agreement in principle with the country’s airline to access billions of dollars in aid as the government attempts […]

  • Meet The “Fed Fighters”: Junk Bond ETF Shorts Hit An All Time High Despite Fed Backstop

    ZeroHedge - Apr 14th 2020 5:05pm EDT

    Meet The “Fed Fighters”: Junk Bond ETF Shorts Hit An All Time High Despite Fed Backstop Three week ago we showed the dramatic crushing of shorts in the investment grade bond ETF, the LQD, where shorts initially soared higher in the first half of March as credit prices tumbled, then plummeted to all time lows […]

  • Watch Live: White House Delivers Tuesday Coronavirus Briefing

    ZeroHedge - Apr 14th 2020 4:55pm EDT

    Watch Live: White House Delivers Tuesday Coronavirus Briefing Here we go again… After last night’s 2-and-a-half hour battle with the press, the White House coronavirus task force will gather again Tuesday to deliver its latest daily ‘update’. Watch live below: Tyler Durden Tue, 04/14/2020 – 16:55

  • What Happens When The Pandemic Ends?

    ZeroHedge - Apr 14th 2020 4:45pm EDT

    What Happens When The Pandemic Ends? Authored by John Rubino via DollarCollapse.com, Let’s assume that by the end of this year a combination of social distancing and some new and effective treatments convert covid-19 from existential threat to chronic nuisance and the economy starts to assume an air of normalcy. Which is to say that […]

  • A Letter To The Inhabitants Of The Future Dystopia Whose Birth Pangs We’re Experiencing

    ZeroHedge - Apr 14th 2020 4:20pm EDT

    A Letter To The Inhabitants Of The Future Dystopia Whose Birth Pangs We’re Experiencing Authored by James Corbett via minds.com, “The lamps are going out all over Europe, we shall not see them lit again in our life-time.” – WWI conspirator Edward Grey I do not write these words for my contemporaries. We are the damned. […]

  • Gold Jumps, Crude Dumps As Nasdaq Squeezes To Best Run In 5 Months

    ZeroHedge - Apr 14th 2020 4:00pm EDT

    Gold Jumps, Crude Dumps As Nasdaq Squeezes To Best Run In 5 Months The only thing driving stock markets right now… Markets right now: pic.twitter.com/uj8Bpj3fMd — Masa Capital (@MasaSonCap) April 13, 2020 Because fun-durr-mentals aren’t… Top-down macro… Source: Bloomberg Bottom-up micro… Source: Bloomberg …and neither is virus optimism? Source: Bloomberg And, as Steve Liesman noted: […]

  • “An Unpleasant Truth”: Used Auto Market On Verge Of Collapse That Could Cost Companies Billions

    ZeroHedge - Apr 14th 2020 3:45pm EDT

    “An Unpleasant Truth”: Used Auto Market On Verge Of Collapse That Could Cost Companies Billions As if we weren’t getting a clear enough picture of the auto industry imploding as a result of new car sales plunging, the industry is now warning about a used-car price collapse.  The collapse is coming as a result of […]

  • Wall Street Has A New “Biggest Tail Risk”: This is What Investors Are Most Worried About Now

    ZeroHedge - Apr 14th 2020 3:30pm EDT

    Wall Street Has A New “Biggest Tail Risk”: This is What Investors Are Most Worried About Now It’s safe to say that most on Wall Street failed to anticipate the catastrophic impact the coronavirus would have on the economy as late as the end of February. That’s because in the Bank of America Fund Manager […]

  • Pew Poll: 30% Of Americans Say Coronavirus Was Made In A Lab – That Number Is About To Grow

    ZeroHedge - Apr 14th 2020 3:10pm EDT

    Pew Poll: 30% Of Americans Say Coronavirus Was Made In A Lab – That Number Is About To Grow The latest COVID-19 poll out of Pew Research Center asked Americans where they think the coronavirus came from: 43% said it came about naturally. 29% said it was made in a lab. 25% are not sure. Though respondents were […]

  • Hong-Kong Flagged Tanker Attacked & Briefly Held By Iranian Commandos

    ZeroHedge - Apr 14th 2020 2:55pm EDT

    Hong-Kong Flagged Tanker Attacked & Briefly Held By Iranian Commandos The global shipping news and tracking site Trade Winds reports that a Hong Kong-flagged tanker has been boarded by armed men in the Strait of Hormuz, and subsequently taken into Iranian waters. Details are sketchy at this point, but Reuters has also confirmed an event […]

  • NORAD Orders Release Of Photos Showing US Troops In Action Against COVID-19 ‘To Reassure The Public’

    ZeroHedge - Apr 14th 2020 2:40pm EDT

    NORAD Orders Release Of Photos Showing US Troops In Action Against COVID-19 ‘To Reassure The Public’ North American Aerospace Defense Command (NORAD) is leading Pentagon efforts to turn the fight against the coronavirus into a US military PR campaign, apparently, given it’s issued an order for Pentagon public affairs as well as the Canadian Army […]

  • Amazon Fires Three More Employees For Criticizing Working Conditions

    ZeroHedge - Apr 14th 2020 2:25pm EDT

    Amazon Fires Three More Employees For Criticizing Working Conditions Amazon has fired three employees that publicly criticized working conditions at the company for violations of company policy. The company confirmed that it had fired Emily Cunningham, Bashir Mohamed and Maren Costa after several of the employees took to Twitter to voice concerns about how employees were […]

  • Investing Is Dead: World’s Largest Asset Manager Says “We’ll Just Buy Whatever Central Banks Are Buying”

    ZeroHedge - Apr 14th 2020 2:10pm EDT

    Investing Is Dead: World’s Largest Asset Manager Says “We’ll Just Buy Whatever Central Banks Are Buying” Now that moral hazard has, as Rabobank put it, “carved central planning into the bedrock of the US financial system”, and moral hazard is not just universally accepted but widely expected component of the investing process, it probably also […]

  • Dr. Fauci Says Reopening Economy By May “A Bit Overly Optimistic”, Contradicting Trump Again

    ZeroHedge - Apr 14th 2020 1:55pm EDT

    Dr. Fauci Says Reopening Economy By May “A Bit Overly Optimistic”, Contradicting Trump Again In what appears to be the second time in as many days that Dr. Anthony Fauci has contradicted the president in a media interview, the good doctor reportedly told the Associated Press that he felt May 1, President Trump’s latest ‘target […]