Spain’s Big Five banks (already down from the Big Six) could soon be four.

By Nick Corbishley, for WOLF STREET: The ECB’s NIRP forever policy is crushing Eurozone banks’ ability to turn a profit, warned the CEO of Bankia, José Sevilla, on Monday. “It is clear that the current rate scenario is hurting the profitability of the banking business,” he said. “We think low rates are good and perhaps even desirable. But the … Read more

Main Street Small Business on the Precipice

by Charles Hugh-Smith Small businesses on the precipice need only one small shove to go over the edge, and there won’t be replacements filling the fast-multiplying empty storefronts. As a generality, the average employee (including financial pundits) has no real experience or understanding of what it takes to start and operate a small business in … Read more

Democrats Fear Trump Is On Track For 2020 Win, Democrat Infighting And Lack Of Message Sow Worry

Democrats Fear Trump Is On Track For 2020 Win, Democrat Infighting And Lack Of Message Cause Worry. Democratic governors know their states better than most. Recently at an annual meeting Democratic governors expressed concerns and frustrations with the Democratic 2020 candidates going too far left. They point out that the party is being mired in … Read more

ALERT: This DEVASTATING Ad Will Run During CNN’s Dem Presidential Debates – And They are HORRIFIED

https://www.youtube.com/watch?v=sRUONsyeERk Cassandra Fairbanks from The Gateway Pundit reports, The liberty-oriented Protect Freedom PAC will be running a “Stop Socialism” ad in New Hampshire during the Democratic primary debates airing on CNN on Tuesday and Wednesday. Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2019…

AMD stock slides as revenue forecast comes in light

https://www.marketwatch.com/story/amd-stock-slides-as-revenue-forecast-comes-in-light-2019-07-30?mod=hp_investing AMD said expects adjusted third revenue of $1.75 billion to $1.85 billion, while analysts had forecast on revenue of $1.94 billion. The company reported second-quarter net income of $ 35 million, or 3 cents a share, compared with $116 million, or 11 cents a share, in the year-ago period. Adjusted earnings were 8 cents … Read more

Apple earnings: $2.18 per share, vs $2.10 per share expected

EPS: $2.18 vs. $2.10 estimated by Refinitiv consensus estimates Revenue: $53.8 billion vs. $53.39B estimated by Refinitiv consensus estimates. Q4 Revenue guidance: $61 billion to $64 billion versus $60.98 billion estimate by Refinitiv consensus estimates iPhone revenue: $25.99 billion vs. $26.31 billion estimated by FactSet Services revenue: $11.46 billion vs. $11.61billion estimated by Factset. https://www.cnbc.com/2019/07/30/apple-earnings-q3-2019.html