On Wire

BloombergBOE Foresees Biggest U.K. Spending Boom Since Thatcher Era(Bloomberg) — The Bank of England expects the biggest surge in household spending since 1988 — when Margaret Thatcher was prime minister — to help power a strong economic rebound after the pandemic.Officials, led by Governor Andrew Bailey, said they expect consumers to use up 10% of … Read more

In a new report, New York Attorney General Letitia James found that of the more than 22 million public comments the Federal Communications Commission received in 2017 regarding the repeal of net neutrality protections, a whopping 18 million were fake. Millions of those comments, the report says, were funded by the broadband industry. “The OAG found … Read more

The border is in crisis. Over 170,000 illegal immigrants were apprehended at the U.S.-Mexico border during the month of March. The month of April is expected to yield around the same number or higher. Of course, that’s just the number of people who were caught. It is estimated around 1,000 illegal immigrants a day are able to avoid … Read more

Teachers unions in Illinois are pushing a bill through the General Assembly that would strip local school districts, health departments, and private schools of their authority to make health-related decisions, centralizing those powers at the state level. House Bill 2789 requires the Illinois Department of Public Health to create new regulations governing in-person instruction, which must … Read more

by Shaun Richards Early this morning the day was set in in central banking terms by the Reserve Bank of Australia who exhibited one of my main themes. So let us take a trip to a land down under where the RBA opens its quarterly statement in upbeat fashion. Strong global growth is expected this … Read more

Senior Democrats are treading carefully around Justice Stephen Breyer these days, worried that a progressive push to get him to retire could either anger him or come off as overtly political — in either case potentially dashing their hopes of getting a young new liberal on the Supreme Court in his place. The clock is ticking … Read more

And the waters prevailed exceedingly upon the Earth – and all the high mountains that were under the whole heaven were covered.” Many have questioned the feasibility of the story, with one critic stating: “For the biblical flood to have happened, the water on Earth had to miraculously multiply by about 250 percent.” Despite this, … Read more

The Federal Elections Commission (FEC) has closed its investigation into whether former President Trump illegally made hush money payments to women prior to the 2016 election. The FEC voted 4–1 to close the probes after failing to find that Trump or his campaign “knowingly and willfully” violated campaign finance law when his former attorney Michael … Read more

The conflict escalated at a September 12 game against the University of Virginia, when [Kiersten] Hening’s teammates knelt during the reading of a unity pledge developed by the Atlantic Coast Conference‘s committee for racial and social justice. Hening remained standing, an act she claims sparked a “campaign of abuse.” According to Hening, she was “verbally attacked” … Read more

$SPX Time to buckle up. pic.twitter.com/HFSZ8Jg9HK — The Great Martis (@great_martis) May 6, 2021 $ARKK continues to get mutilated, considerably underperforming literally everything. The liquidity of this complex is illusory, as the reflexivity embedded within creates a lurking shadow convexity that is vulnerable to predatory flows. pic.twitter.com/In8gxeJFbb — Stretching Spreads (@FadingRallies) May 6, 2021 https://twitter.com/RetirementRight/status/1390428736512663554 … Read more

The U.S. economy added 266,000 jobs in April, far below the Wall Street consensus of 978,000; unemployment rate 6.1% pic.twitter.com/C4yyXGvd4U — Reuters (@Reuters) May 7, 2021 *US Labor Apr Nonfarm Payrolls +266K; Consensus +1M — *Walter Bloomberg (@DeItaone) May 7, 2021 Second biggest miss in history (and far below the lowest April forecast) pic.twitter.com/Mjjm4m8A77 — … Read more

IMO, We're going to see a lot more investors like Sam Zell buying gold for the first time. Silver too. — SolidusMax (@SolidusMax) May 6, 2021 COMMODITIES ON 1971PATH? 🤔 pic.twitter.com/08w5hBgYRu — Win Smart, CFA (@WinfieldSmart) May 5, 2021 https://twitter.com/NorthmanTrader/status/1390345067811024898 Copper is up over 100%. Copper mining stocks are up over 400%. pic.twitter.com/qWXgJAqklv — David … Read more

$spx margin debt pic.twitter.com/7MXQCYNXqx — Álvaro Oviedo (@alvoviedo) May 6, 2021 Fed: consider yourself warned 🚨 Feeling more confident they withdraw liquidity this year and start tapering pic.twitter.com/UkzRpEBxO4 — The Long View (@HayekAndKeynes) May 6, 2021 https://twitter.com/NorthmanTrader/status/1390281611539881985 FED'S KAPLAN: FINANCIAL MARKET EXCESSES AND IMBALANCES CAN JEOPARDIZE THE FED'S GOALS. — FinancialJuice (@financialjuice) May 6, 2021