via CrazyAzianFool: Data source: Hansel (https://itunes.apple.com/us/app/hansel-travel/id1377840935?mt=8) social mapping platform (random sample of 150 international travelers) Tools used: Excel 3D Maps and Giphy
General Electric abruptly removes John Flannery as chairman and CEO and installs former Danaher CEO Lawrence Culp as his successor. The board had grown frustrated with the slow pace of change under Flannery, sources familiar with the issue say. GE also will take a $23 billion noncash charge for its struggling power business. The company … Read more
via zerohedge: Millennials in New York are known for living in a state of perpetual brokeness – between student loans, $20 nightclub drinks and $15 avocado toast, it’s easy to understand why 70% of millennials have less than $1,000 in savings. Now we can add expensive, glorified closets to the mix, as the Wall Street Journal reports. 30-year-old marketing manager Scott … Read more
via yahoo: With little prospect of a restart for U.S.-China trade talks, JPMorgan Chase & Co. now expects an escalation in tensions that will see higher American tariffs on all Chinese imports, sending the yuan sliding to its weakest against the dollar in more than a decade. “JPMorgan has adopted a new baseline that assumes … Read more
via @OccupyWisdom: https://twitter.com/OccupyWisdom/status/1046595330131861504 https://twitter.com/OccupyWisdom/status/1046595336045826048 https://twitter.com/OccupyWisdom/status/1046595342790250496 https://twitter.com/OccupyWisdom/status/1046595349417271296 https://twitter.com/OccupyWisdom/status/1046595368841093120 https://twitter.com/OccupyWisdom/status/1046595385865785345 Bonus: Your Central Bank Can’t Save You Next Time Bloomberg–7 hours ago Unless there can be an adult conversation in America over negative interest rates — the counterintuitive idea of borrowers getting paid and savers dinged — the … Rising costs take toll on new corporate, emerging market debt Reuters–2 hours ago … Read more
via thebeartrapsreport: Looking back over the last decade, stocks have only been this much loved four times. After the last dance with extreme euphoria in January, stocks lost 11.3% from January 26th to February 12th. Likewise, just before 2015-2016’s 14% equity market drawdown, investors were feeling so confident looking out into the future. Today, our sentiment indicators … Read more
by QuantalyticsResearch US Stocks Global stocks are declining this morning following yesterday’s positive start to the month as investors shift their focus to a slowing global growth outlook and the start of 3Q earnings season US stocks index futures are pointing to a negative open in NY with the Dow Jones minis -0.27% S&P500 minis –0.21% and … Read more
via radionz.co.nz: The Customs and Excise Act 2018 – which comes into effect today – sets guidelines around how Customs can carry out “digital strip-searches”. Previously, Customs could stop anyone at the border and demand to see their electronic devices. However, the law did not specify that people had to also provide a password. The updated … Read more
by Michael Snyder If we do not change course, our once great nation will be destroyed by a debt that has grown wildly out of control. We are facing an unprecedented debt crisis that literally threatens to bring our country to an end, and yet our politicians are almost entirely silent on this issue in 2018. … Read more
by Charles Hugh-Smith Few conventional-media commentators are willing or able to discuss these factors in the labor shortage / declining participation trends. Is there a labor shortage in the U.S.? Employers are shouting “yes.” Economists keep looking for wage increases as evidence of a labor shortage, and since wage increases are still relatively modest, the argument … Read more