by EarningsCallsApp Q1 2019: Net Income of $4.7 Billion ($1.87 per Share) Q1 2019: Revenues of $18.6 Billion Q1 2019: Returned $5.1 Billion of Capital to Common Shareholders Q1 2019: Repurchased 66 Million Common Shares Q1 2019: Book Value per Share of $77.09 Q1 2019: Tangible Book Value per Share of $65.55 Revenues decreased 2% … Read more
https://twitter.com/OccupyWisdom/status/1117842899088093184
“Once. Only this year. Later on, that’s their problem”: Finance Minister. $3.4 billion in fuel was stolen in 2018, including by insiders. Crackdown now underway. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. After years of falling production, compounding losses, and plunging credit ratings, Pemex, the world’s most indebted oil company, is not in … Read more
Financial Survival Network, Released on 4/15/19 The US has limited alternatives to deal with a possible recession. QE4 by any name will certainly be high on the Fed’s list of warding it off. Lior says, “It’s like a training that’s going to crash at some point.” You know it’s going to happen and you can … Read more
by John Ward It cannot have escaped anyone’s attention that Theresa May always looks more at home among the Brussels neocons than she does when facing the House of Commons. Perhaps, being a parson’s daughter, she is more at home telling the truth to eurocrats than lying to MPs. In this third and final part of … Read more
by Jesse Colombo A very dangerous fallacy has taken the world of economics by storm over the last several years: the idea that there is very little inflation in the U.S. economy, therefore interest rates should remain at unusually low levels for an even longer period of time. As I will prove in this piece, the … Read more
By Rodney Johnson This is an expensive week for me. Our wedding anniversary is the 14th, Tax Day is the 15th, and my youngest child’s birthday falls on the 16th. Only two of those days make me happy. This year I’m getting a bit of a refund, but I’ll never see it. Because my income … Read more
President Donald Trump offered some advice to Boeing via Twitter regarding their now-infamous and grounded fleet of 737 Max 8 planes. He urged them to fix the planes, “add some additional great features, & REBRAND the plane with a new name.” Will it be enough? Investigative journalist Ben Swann joins News.Views.Hughes with the details https://www.youtube.com/watch?v=jDaDI59TCJk
by Mike Shedlock The amount owed to retirees accelerated faster than assets on hand despite a record bull market. The Wall Street Journal reports the Long Bull Market Has Failed to Fix Public Pensions. “Some of the states allowed themselves to get so underfunded that the higher returns aren’t helping them enough,” said Michael Cembalest, chairman … Read more
by Frank Holmes, CEO, U.S. Global Investors Last week the world got its first look ever at a black hole, one of those cosmic bodies so supermassive and powerful that not even light can escape its pull. These things literally destroy all matter that comes within their reach, making them the trash compactors of the … Read more
This Australian satire channel is pure gold. The British voice is not as good as their Australian one, but they bring the message home like always. 2 minutes to describe everything I feel about this whole thing. h/t Solidarity365
by Dr. Eowyn Although he had never worked at a productive job in his life, Bernie Sanders, 77, the Demonrat senator of Vermont who fancies himself an “independent” but actually identifies as an outright socialist, is that curious oxymoronic creature — a millionaire socialist with three homes. One of the three homes is a lakefront … Read more
For More Information See: https://www.zerohedge.com/news/2019-0… http://www.alt-market.com/articles/37… https://www.washingtonpost.com/news/t… https://www.citylab.com/perspective/2… https://www.zerohedge.com/news/2019-0… https://newspunch.com/rothschild-worl…
by Graham Summers of Gains, Pains, & Capital The following tweet tells you everything you need to know about the state of the US financial system today… The media will focus on ridiculing President Trump for being “un-Presidential” or some such thing. They are missing the bigger picture here. The bigger picture is an implicit admission, by the … Read more
JOHN HINDERAKER: “It is almost unbelievable that the Democrats and their media adjunct are trying to deny that the Obama administration spied on the Trump presidential campaign. Are they unaware of the multiple FISA warrants obtained to spy on Carter Page? Do they not know that the fake Fusion ‘dossier’ was the basis for those FISA … Read more
Small Business Owners Push Back Against Mischaracterization of Trump’s Tax Cuts. FLASHBACK: Congrats to Vox.com’s Matt Yglesias, who just admitted ‘in one tweet’ how progressives lie about Trump’s tax cuts: h/t SG
via mercurynews: Even under the rosiest of regulatory scenarios, California’s residential construction industry needs at least 200,000 new workers to produce enough new housing to improve affordability. But it is struggling to compete for them. Industry leaders often claim it’s because “Young people don’t want to get their hands dirty;” “Parents are pushing college instead of … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter There are now 486 EV manufacturers in China, triple from two years ago. Most will disappear. New vehicle sales in China plunged 14% in the first quarter from a year earlier, according to the China Association of Automobile Manufacturers today. For the whole year 2018, new vehicle sales had dropped 4.1%, the first such … Read more
by Shanshan_33 source: https://data.worldbank.org/indicator/SP.POP.TOTL?view=chart&year_high_desc=false https://instantnoodles.org/en/noodles/market.html Tool: Tableau
https://www.cnbc.com/2019/04/13/analysts-dont-know-what-to-make-of-ubers-100-billion-valuation.html Analysts got their first look into Uber’s financials on Thursday, but they still are unsure whether they justify a $100 billion valuation. Uber posted an adjusted EBITDA loss of $1.85 billion in 2018 and showed slowing revenue growth. Lyft’s debut on the public market has been less than stellar, hitting a new low on … Read more
by EarningsCallsApp Net revenues of $8.81 billion and net earnings of $2.25 billion for Q1 2019. EPS $5.71 Annualized ROE: 11.1% Annualized ROTE: 11.7% BVPS: $209.07 TBVPS: $198.25 Investing & Lending net revenues included record quarterly net interest income in debt securities and loans of $835 million. Net Revenue decrease compared with Q1 2018 … Read more
As of the end of 2018, net worth as a share of the U.S. total had shrunk considerably for the upper middle class. In one generation, U.S. wealth held by households from 50th to the 90th percentiles fell from 35.2 percent of the total to 29.1 percent. Most of this wealth has transferred to the … Read more
Wall St. For Main St., Released on 4/14/19 Jason talks about Franco Nevada (NYSE:FNV), which, in his opinion, is the most bulletproof, gold stock. However, the stock is almost never cheap. The company, which re-IPOd in 2007 has over 100 producing assets generating cash flow and has 11 straight years of progressive dividends.