News From ZeroHedge, Page 3277

RSS

  • Elon Musk Calls Bill Gates “Underwhelming” After Gates Admits He Drives A Porsche Taycan

    ZeroHedge - Feb 19th 2020 1:15pm EST

    Elon Musk Calls Bill Gates “Underwhelming” After Gates Admits He Drives A Porsche Taycan Elon Musk’s babiness and petulance seems to know no bounds, even with Tesla stock scorching near all time highs, allowing the billionaire to raise capital for his empire at absurd prices. But that didn’t stop Musk from taking a jab at […]

  • Are The Japanese Losing Faith? Yen Crashes Near Record Lows Against Gold

    ZeroHedge - Feb 19th 2020 1:00pm EST

    Are The Japanese Losing Faith? Yen Crashes Near Record Lows Against Gold 31 years ago, the Japanese stock market hit a record high. It remains 38% below that high (not adjusted for inflation), crushing the global narrative that ‘buy and hold’ in stocks works “over the long run.” Source: Bloomberg Are the Japanese losing faith […]

  • Adidas’ China Business Activity Crashes 85% Due To Virus Shock

    ZeroHedge - Feb 19th 2020 12:45pm EST

    Adidas’ China Business Activity Crashes 85% Due To Virus Shock Under Armour was the first apparel company to warn the Covid-19 outbreak in China would have a negative impact on sales in 1Q. The Baltimore-based apparel company said last week that the industry as a whole would be damaged. One week later, German sportswear maker Adidas has warned the […]

  • The World’s Top LNG Producer Is In Trouble

    ZeroHedge - Feb 19th 2020 12:30pm EST

    The World’s Top LNG Producer Is In Trouble Authored by Cyril Widdershoven via OilPrice.com, Global LNG markets are struggling with a glut of unprecedented levels… International expansion in Australia, Qatar, Mozambique and Egypt, combined with a continuously strong US shale gas export drive, is pushing down prices further. Analysts have warned before that a possible […]

  • As China Grinds To A Halt, Firms Can No Longer Afford To Pay Workers

    ZeroHedge - Feb 19th 2020 12:15pm EST

    As China Grinds To A Halt, Firms Can No Longer Afford To Pay Workers With every passing day that its economic disintegration is not reversed, China inches closer to what may be a very violent tipping point, one which sets billions of angry, starving, broke and quarantined citizens against the communist party oligarchy. As China’s […]

  • Bernie Sanders’ Long History Of Pushing Government Takeovers Of Private Markets

    ZeroHedge - Feb 19th 2020 12:00pm EST

    Bernie Sanders’ Long History Of Pushing Government Takeovers Of Private Markets Authored by Mitch Nemeth via The Mises Institute, Socialist ideas have taken a hold on some of the more progressive members of the Democratic Party, namely Senator Bernie Sanders. The latest NBC/Wall Street Journal poll, however, may provide Senator Sanders with a reason for concern. […]

  • Blue Apron On The Brink? Seeks Funds Or A Sale As It Closes Facility

    ZeroHedge - Feb 19th 2020 11:36am EST

    Blue Apron On The Brink? Seeks Funds Or A Sale As It Closes Facility Meal kit delivery startup Blue Apron was Wall Street’s most promising IPO in 2017. Now it is “evaluating a broad range of strategic options” that could result in an additional money raise, sale, and or even bankruptcy. “There can be no […]

  • Wuhan Mother Speaks Out: “No Beds, No Medicine, All Lies”

    ZeroHedge - Feb 19th 2020 11:15am EST

    Wuhan Mother Speaks Out: “No Beds, No Medicine, All Lies” Authored by Mike Shedlock via MishTalk, Here’s a heart wrenching video of a Wuhan mother who cannot take the lies anymore. Wuhan Mother Speaks Out Select Transcript Quotes Only normal citizens are suffering. The government does not care about us. We can’t buy medicine with […]

  • “Glitch” Or Hack: Countless Fidelity Accounts Showing Zero Balance

    ZeroHedge - Feb 19th 2020 11:01am EST

    “Glitch” Or Hack: Countless Fidelity Accounts Showing Zero Balance While stocks are hitting fresh all time highs, bringing joy and spreading the “wealth effect” across America, clients of the Fidelity brokerage are having a rather shitty day because due to a glitch, or perhaps a hack, countless accounts are currently showing a zero balance, or […]

  • All Eyes On Bloomberg As Vegas Debate Marks First Clash With Candidates

    ZeroHedge - Feb 19th 2020 10:55am EST

    All Eyes On Bloomberg As Vegas Debate Marks First Clash With Candidates 2020 Democratic presidential candidates will take the stage tonight for what will be their last opportunity to impress Nevada voters before Saturday’s statewide caucuses – the third nominating contest in the race. Getty Images via The Hill And while Vermont socialist Bernie Sanders […]

  • Digging For Value In A Pile Of Manure

    ZeroHedge - Feb 19th 2020 10:40am EST

    Digging For Value In A Pile Of Manure Authored by Michael Lebowitz and Jack Scott via RealInvestmentAdvice.com, There is an old story about a little boy who was such an extreme optimist that his worried parents took him to a psychiatrist. The doctor decided to try to temper the young boy’s optimism by ushering him […]

  • Trump Accuses “Mini Mike” Of “Sinister” Campaign Violations Ahead Of Dem Debate Debut

    ZeroHedge - Feb 19th 2020 10:12am EST

    Trump Accuses “Mini Mike” Of “Sinister” Campaign Violations Ahead Of Dem Debate Debut Three months after launching his campaign for president, billionaire media and financial data mogul Mike Bloomberg will make his debut in the Democratic debates Wednesday night as the remaining candidates face off in Las Vegas. He has yet to compete in a […]

  • To The Moon, Alice! Virgin Galactic Options Volume Explode As Retail Piles In

    ZeroHedge - Feb 19th 2020 10:00am EST

    To The Moon, Alice! Virgin Galactic Options Volume Explode As Retail Piles In In case you missed it… there’s a futurist, technology stock that has utterly exploded higher this year against a background of absolutely nothing new fundamentally. No, it’s not Tesla. It’s Richard Branson’s Virgin Galactic (SPCE)… which as of yesterday’s highs was up […]

  • China Prepares To Nationalize Systematically-Important HNA Group

    ZeroHedge - Feb 19th 2020 9:51am EST

    China Prepares To Nationalize Systematically-Important HNA Group The last time we looked closely at China’s “big four” conglomerates, HNA, Anbang, Evergrande and Dalian Wanda, was back in lat 2017 in the context of the systemic risk (i.e. record debt) that these companies had accumulated as part of their tremendous offshore M&A spree in prior years […]

  • US Designates 5 Chinese State Media Outlets As ‘Foreign Missions’

    ZeroHedge - Feb 19th 2020 9:45am EST

    US Designates 5 Chinese State Media Outlets As ‘Foreign Missions’ At a moment the Chinese state has continued its crackdown on American journalists and content — in the latest instance expelling three WSJ reporters for a “racist” opinion piece — the US State Department has announced it will require five state-run news agencies which operate in the US […]

  • A Middle East Financial Crisis Is In The Making

    ZeroHedge - Feb 19th 2020 9:30am EST

    A Middle East Financial Crisis Is In The Making Authored by Tsvetana Paraskova via OilPrice.com, A Dubai-based operator of ports and terminals around the world is returning to full state ownership with a proposed transaction and a subsequent delisting from Nasdaq Dubai. This could be one of the latest signs that the oil-rich countries in […]

  • Expats Flee Hong Kong Over Protests, Coronavirus

    ZeroHedge - Feb 19th 2020 9:10am EST

    Expats Flee Hong Kong Over Protests, Coronavirus Expats living in Hong Kong have been fleeing the country after nearly a year of protests and the new, looming threat of the hyper-virulent coronavirus, which has already infected 62 people in the country as of February 17. Residents wear masks as they march to protest against the […]

  • Market Euphoria, Global Slowdown

    ZeroHedge - Feb 19th 2020 8:55am EST

    Market Euphoria, Global Slowdown Authored by Daniel Lacalle via DLacalle.com, We are in very interesting times. We live what is probably the most surprising bull market in history. Excess of demand-side policies, massive liquidity injections, and low rates have zombified the economy and driven debt to all-time highs, while the economic slowdown is evident. In the eurozone, the mirage of macroeconomic […]

  • US Producer Prices Rise At Fastest Pace In 9 Months As Service Costs Soar

    ZeroHedge - Feb 19th 2020 8:47am EST

    US Producer Prices Rise At Fastest Pace In 9 Months As Service Costs Soar US Producer Prices spike 0.5% MoM in January, sending the Final Demand data up 2.1% YoY -the hottest inflationary print since April 2019. Source: Bloomberg Producer prices excluding food, energy, and trade services – a measure preferred by economists because it strips […]

  • Chipping Away At The Market’s Omnipotence

    ZeroHedge - Feb 19th 2020 8:25am EST

    Chipping Away At The Market’s Omnipotence Authored by Sven Henrich via NorthmanTrader.com, $AAPL, the largest tech stock on the planet, pounds out a revenue warning and $NDX makes new all time highs. Ha ha. Poor bears, if you can’t take advantage of the shutting down of the 2nd largest economy and a revenue warning from […]

  • International 1MDB Fugitive Jho Low Spotted In Wuhan

    ZeroHedge - Feb 19th 2020 8:10am EST

    International 1MDB Fugitive Jho Low Spotted In Wuhan Fugitives are known for traveling to far-flung and infrequently visited locales to escape justice (think: Jesse Pinkman). But a virus-infested city surrounded by the PLA, local police and roving gangs of state-backed vigilantes doesn’t exactly sound like the most appealing locale – even if you’ve allegedly been […]

  • Global Stocks, Futures Jump On Hope China Will Bailout Its Airline Sector

    ZeroHedge - Feb 19th 2020 7:49am EST

    Global Stocks, Futures Jump On Hope China Will Bailout Its Airline Sector Global stocks reversed Tuesday’s losses and rose on Wednesday after fresh “hope and optimism”TM emerged that China is getting closer to containing the coronavirus epidemic and that Beijing may be planning further measures to support its economy reeling from the virus-induced crash. The yen weakened […]

  • Iran Confirms First 2 Cases Of COVID-19; ‘Diamond Princess’ Confirms 79 More Cases As Quarantine Ends

    ZeroHedge - Feb 19th 2020 6:59am EST

    Iran Confirms First 2 Cases Of COVID-19; ‘Diamond Princess’ Confirms 79 More Cases As Quarantine Ends Tehran is not having a good year. First, President Trump rang in the new decade by barbecuing the leader of the IRGC Quds Force. In response, Iran killed zero Americans but accidentally shot down a Ukrainian passenger plane, killing […]

  • China Expels 3 WSJ Reporters Over “Racist” Opinion Piece

    ZeroHedge - Feb 19th 2020 6:17am EST

    China Expels 3 WSJ Reporters Over “Racist” Opinion Piece Beijing’s propaganda campaign to paper over the depredations of its heavy handed quarantines and other outbreak-suppression efforts was launched into hyperspeed earlier this month as the international community – including the WHO – started questioning everything – from whether Beijing deliberately hid information about the outbreak […]

  • Dr.Doom On Gold & ‘The White Swans Of 2020’

    ZeroHedge - Feb 19th 2020 5:00am EST

    Dr.Doom On Gold & ‘The White Swans Of 2020’ Authored by Nouriel Roubini via Project Syndicate, In my 2010 book, Crisis Economics, I defined financial crises not as the “black swan” events that Nassim Nicholas Taleb described in his eponymous bestseller, but as “white swans.” According to Taleb, black swans are events that emerge unpredictably, like a tornado, from […]