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  • $130 Billion Tesla Tells Its Landlords It’ll Be Paying Less Rent

    ZeroHedge - Apr 14th 2020 10:30am EDT

    $130 Billion Tesla Tells Its Landlords It’ll Be Paying Less Rent While some companies may be wasting time asking for rent concessions as a result of the coronavirus lockdown, Tesla, which is now valued at about $130 billion as of Tuesday morning’s trading, is telling its landlords its going to be paying less in rent. The […]

  • What Price Victory… In The COVID-19 War?

    ZeroHedge - Apr 14th 2020 10:16am EDT

    What Price Victory… In The COVID-19 War? Authored by Patrick Buchanan via Buchanan.org, The same day the number of U.S. dead from the coronavirus disease hit the 15,000 mark, we also crossed the 15 million mark on the number of Americans we threw out of work to slow its spread and “bend the curve.” For […]

  • Nasdaq Surges Back Above Key Technical Levels

    ZeroHedge - Apr 14th 2020 10:04am EDT

    Nasdaq Surges Back Above Key Technical Levels For the first time since early March, Nasdaq has scrambled back above key technical levels as Dow futures test Sunday night opening highs… Nasdaq Composite is back above its 50- and 200-day moving-averages… Dow futures are soaring… Will the machines extend or bend here? Tyler Durden Tue, 04/14/2020 […]

  • Obama Expected To Endorse Biden Later Today

    ZeroHedge - Apr 14th 2020 9:59am EDT

    Obama Expected To Endorse Biden Later Today After staying on the sidelines for the entire primary, President Barack Obama will officially endorse his former VP, longtime purported friend and now finally the presumptive Democratic nominee Joe Biden in the race for president. Late last week in a piece entitled “Barack Obama Wins The Democratic Primary”, […]

  • US State Department Cables Warned Of Potential ‘SARS-Like Pandemic’ After Visiting Wuhan Lab Experimenting With Bat Coronavirus

    ZeroHedge - Apr 14th 2020 9:50am EDT

    US State Department Cables Warned Of Potential ‘SARS-Like Pandemic’ After Visiting Wuhan Lab Experimenting With Bat Coronavirus The US State Department received two cables from US Embassy officials in 2018 warning of inadequate safety at a Wuhan, China biolab conducting ‘risky studies’ on bat coronaviruses, according to the Washington Post, which notes that the cables […]

  • “I’m No Epidemiologist, But…”

    ZeroHedge - Apr 14th 2020 9:35am EDT

    “I’m No Epidemiologist, But…” Authored by Richard Breslow via Bloomberg, One thing you hear a lot of is, “I’m no epidemiologist, but…” The stock market will make new lows. The bottom is in. If we get a second round of infections, earnings will continue to be hurt and valuations are too high. If we come […]

  • Cruise Lines Say Bookings For 2021 Up 40% Despite Terrifying Series Of On-Board Outbreaks

    ZeroHedge - Apr 14th 2020 9:20am EDT

    Cruise Lines Say Bookings For 2021 Up 40% Despite Terrifying Series Of On-Board Outbreaks Millions of Americans are terrified that the first pandemic in 100 years will mark a dramatic turning point in social interaction that might cause disruptive new changes in many aspects of society and the global economy. What they seem to be […]

  • “Get Pragmatic” – Bill Blain Warns Of “Seriously Dark Dystopian” Future

    ZeroHedge - Apr 14th 2020 9:05am EDT

    “Get Pragmatic” – Bill Blain Warns Of “Seriously Dark Dystopian” Future Authored by Bill Blain via MorningPorridge.com, “If you try to take a cat apart to see how it works, the first thing you will have is a non-working cat.” On Thursday I posted a note on the Fed doing exactly what I predicted – […]

  • Oil Tumbles After IMF Slashes Global Growth Forecast

    ZeroHedge - Apr 14th 2020 8:49am EDT

    Oil Tumbles After IMF Slashes Global Growth Forecast As if oil prices needed any more help on their downward spiral towards the teens, The IMF just slashed global growth to the worst since the ’30s. “This crisis is like no other,” Gita Gopinath, the IMF’s chief economist, wrote in a foreword to its semi-annual report. “Like […]

  • US Import, Export Prices Plummet In March As COVID Deflationary Drag Strikes

    ZeroHedge - Apr 14th 2020 8:39am EDT

    US Import, Export Prices Plummet In March As COVID Deflationary Drag Strikes In what is perhaps not totally surprising, the deflationary winds of a global lockdown washed ashore in the US with a collapse in both US import and export prices (though both were modestly better than expected). Import Prices fell 2.3% MoM (better than […]

  • Wells Fargo Reports 1 Cent Profit After Loan Loss Provision Soars To $4 Billion

    ZeroHedge - Apr 14th 2020 8:31am EDT

    Wells Fargo Reports 1 Cent Profit After Loan Loss Provision Soars To $4 Billion With JPM starting Q1 earnings season by taking a whopping $6.8 billion in covid-19 loan loss reserves in Q1, it appears that the bank is bracing for even more pain in Q2, even if the number was enough to allow JPM […]

  • “Situation Is Critical” – Massive Wildfire Roars Through Chernobyl Exclusion Zone

    ZeroHedge - Apr 14th 2020 8:15am EDT

    “Situation Is Critical” – Massive Wildfire Roars Through Chernobyl Exclusion Zone Ukrainian first responders have been battling one of the worst wildfires ever inside the Chernobyl Exclusion Zone for the last ten days that now surrounds the abandoned nuclear power plant, reported ABC News. According to Yaroslav Yemelianenko, the head of the Association of Chernobyl Tour […]

  • Central Banks Add More Gold To Their Reserves

    ZeroHedge - Apr 14th 2020 8:00am EDT

    Central Banks Add More Gold To Their Reserves Via SchiffGold.com, Central banks continued their gold-buying spree in February, although the pace of gold purchases has slowed compared to last year’s near-record purchases. On net, central banks globally added another 36 tons of gold to their reserves in February, according to the latest data released by the […]

  • JPMorgan Profit Plunges To 7 Year Low On Billions In Loan Losses As Dimon Warns Of “Severe Recession”

    ZeroHedge - Apr 14th 2020 7:43am EDT

    JPMorgan Profit Plunges To 7 Year Low On Billions In Loan Losses As Dimon Warns Of “Severe Recession” And so the worst quarterly earnings season since the financial crisis (at least until the catastrophic Q2 earnings) is off, when moments ago JPMorgan reported that it missed expectations, with earnings plunging from a year ago, reporting […]

  • US Coronavirus Death Toll Nears 25k As Slowdown In New Cases Continues In Europe: Live Updates

    ZeroHedge - Apr 14th 2020 7:30am EDT

    US Coronavirus Death Toll Nears 25k As Slowdown In New Cases Continues In Europe: Live Updates As groups of states on the West and East Coast promised to release plans for reopening the economy in the coming days, while President Trump continued to insist that the decision of when to reopen the economy rests with […]

  • Futures Jump As Chinese Trade Data Unexpectedly Outperforms; All Eyes On Bank Earnings

    ZeroHedge - Apr 14th 2020 7:04am EDT

    Futures Jump As Chinese Trade Data Unexpectedly Outperforms; All Eyes On Bank Earnings Global stocks jumped and US equity futures traded just around 2,800 on Tuesday after Chinese trade data came in better than expected and some countries tried to restart their economy by partly lifting restrictions aimed at containing the coronavirus outbreak. Wall Street […]

  • Visualizing What COVID-19 Does To Your Body

    ZeroHedge - Apr 14th 2020 6:35am EDT

    Visualizing What COVID-19 Does To Your Body By now, researchers and health experts have gained a better understanding of the range of symptoms caused by COVID-19, which include fever, a dry cough, and of course, the dangerous inflammation of the respiratory system. Most of us know that COVID-19 can be much more severe than a […]

  • Half Of American Workers Would Rather Work From Home Forever

    ZeroHedge - Apr 14th 2020 6:10am EDT

    Half Of American Workers Would Rather Work From Home Forever Submitted by Zippia Summary: Two thirds of all American workers are able to work from home 75% of baby boomers want to work from home forever Half of all Americans want to continue working from home following the coronavirus The coronavirus, or COVID-19, has more […]

  • PC Shipments Plunge Most In Four Years As ‘Global Recession Begins’ 

    ZeroHedge - Apr 14th 2020 5:45am EDT

    PC Shipments Plunge Most In Four Years As ‘Global Recession Begins’  A new report from research firm Canalys shows global PC shipments plunged 8% YoY for the first quarter, a drop of 4.6 million units from 58.3 million in 1Q19 to 53.7 million in 1Q20. The decline in PC shipments was the steepest since the […]

  • Migrant Youths Riot In Belgium Despite Coronavirus Lockdown

    ZeroHedge - Apr 14th 2020 5:20am EDT

    Migrant Youths Riot In Belgium Despite Coronavirus Lockdown Authored by Paul Joseph Watson via Summit News, Migrant-background youths staged a riot in Anderlecht, Belgium during which they trashed police vehicles and fired guns despite the city being under a coronavirus lockdown. The unrest was triggered by an incident in which a 19-year-old identified as ‘Adil’ […]

  • Private Army: Mark Zuckerberg’s Security Cost Facebook A Whopping $23 Million Last Year

    ZeroHedge - Apr 14th 2020 4:55am EDT

    Private Army: Mark Zuckerberg’s Security Cost Facebook A Whopping $23 Million Last Year Mark Zuckerberg, like a number of wealthy CEOs desiring to recieve “humble” compensation, has an official salary of just $1 a year.  However, according to a financial filing published last Friday, Facebook racked up a whopping $23 million for the company founder’s personal […]

  • A Comparison Of Lockdown UK With Non-Lockdown Sweden

    ZeroHedge - Apr 14th 2020 4:20am EDT

    A Comparison Of Lockdown UK With Non-Lockdown Sweden Update (0400ET): Stefan Lofven, Sweden’s prime minister, said today that after taking a “flexible” approach to restricting movements within its borders, the country’s coronavirus measures were “not good enough.” Lofven, who has been PM since 2014 as part of a various coalitions, said previous governments and parties […]

  • COVID-19 Could Push An Extra Half A Billion People Into Poverty

    ZeroHedge - Apr 14th 2020 3:45am EDT

    COVID-19 Could Push An Extra Half A Billion People Into Poverty Charity group Oxfam has warned that a global recession caused by Covid-19 could push an extra half a billion people into poverty – 8 percent of the world’s population – unless urgent action is taken. Conducted by King’s College London and the Australian National University, the research gauged […]

  • UK Cops Brag About “Hiding In The Shadows” To Catch Picnic-Goers

    ZeroHedge - Apr 14th 2020 3:10am EDT

    UK Cops Brag About “Hiding In The Shadows” To Catch Picnic-Goers Authored by Paul Joseph Watson via Summit News, A police force in the UK has bragged that its officers may be ‘hiding in the shadows’ ready to catch people who have picnics in rural locations. The Central Community Team, which represents Bedfordshire Police, tweeted […]

  • Pot Use Reaches All-Time High In March

    ZeroHedge - Apr 14th 2020 2:35am EDT

    Pot Use Reaches All-Time High In March We noted on Thursday, Americans have resorted to “watching porn, drinking beer, smoking pot, and or devouring chocolate” to cope with their fears of a pandemic. In the report, we noted how cannabis sales in California, Colorado, Oregon, and Alaska jumped 50% during the March 16-22 period, but it […]