Breaking news, updates, and reports on current events.
via CNBC: J.P. Morgan is expanding into nine new U.S. markets as it fills gaps in its network of physical locations. Bank of America or Wells Fargo are a top lender in seven of those nine cities, according to Federal Deposit Insurance Corporation data. The new markets are Charlotte and Raleigh, North Carolina; Greenville, South … Read more
via advisorperspectives: The Consumer Price Index for Urban Consumers (CPI-U) released this morning puts the year-over-year inflation rate at 1.52%. It is substantially below the 3.76% average since the end of the Second World War and above its 10-year moving average, now at 1.58%. For a comparison of headline inflation with core inflation, which is based … Read more
via federalreserve: The Federal Reserve Board on Tuesday announced that it is prohibiting Tim Leissner and Ng Chong Hwa, also known as Roger Ng, from the banking industry for their participation in a scheme to illegally divert billions of dollars from a Malaysian sovereign wealth fund. Leissner was also fined $1.42 million and consented to the … Read more
via investmenteurope: Global debt levels have become “higher and riskier” than that of a decade ago, meaning that “another credit downturn may be inevitable”, S&P Global Ratings has warned. In a report entitled Next Debt Crisis: Will Liquidity Hold?, published on Tuesday (12 March), S&P found global debt has surged by around 50% since the 2008 Global … Read more
Have we seen the bottom in macro data? Global macro data may bounce in the next month, but the long term trend of low growth and disinflation prevails. … And central planners will not change it. pic.twitter.com/Ph44bWDkOI — Daniel Lacalle (@dlacalle_IA) March 13, 2019 pic.twitter.com/wQBOh8zzGs — M/1_LP (@MI_Investments) March 13, 2019 pic.twitter.com/j0vmOUy5J9 — M/1_LP (@MI_Investments) … Read more
pic.twitter.com/2qWkPuFDL6 — Donald J. Trump (@realDonaldTrump) March 13, 2019
Britain could launch ‘competition unit’ to challenge tech giants like Google and Facebook The UK government on Wednesday announced it is considering proposals to overhaul the UK’s competition laws and introduce a new unit to enforce competition to tech giants like Google (GOOGL) and Facebook (FB). Chancellor Philip Hammond said in his spring statement he will ask … Read more
“European cities continue to have the highest quality of living in the world, with Vienna (1), Zurich (2) and Munich (3) not only ranking first, second and third in Europe, but also globally,” the report revealed, adding that “as many as 13 of the world’s top 20 spots were taken by European cities.” 20 cities … Read more
Layoffs and closures — the beginnings of a major shakeout. By Adam H. Williams, Senior Associate at E911-LBS, LBSglobe.com, for WOLF STREET: Video games have become the largest entertainment industry worldwide by revenue: $138 billion in 2018 – beating TV ($105 billion), film box office ($41 billion), and digital music ($17 billion). But in 2019, after two decades … Read more
By John Mauldin Last week, the ECB announced it would keep record-low interest rates for longer. The news comes shortly after the Fed gave in to the market and held off on further rate hikes. While investors celebrate the policy reversal, they might soon regret it. This stimulus may indeed buy the market an additional year … Read more
via Zerohedge: When it comes to estimating China’s total outstanding debt, there has long been confusion about the real number with most putting the debt/GDP at around 250%, while the IIF in 2017 calculated China’s debt load as high as 300% of GDP (which means that by now it is substantially higher). Then, last year, … Read more
https://www.youtube.com/watch?v=f9cz7j2j94U Sounds like someone is either off his/her meds or dropped a couple of tabs of LSD too many. KS
by howmuch The U.S. economy hit $20.5 trillion in GDP in 2018. What does this number actually mean? Well, GDP stands for “gross domestic product”, or, the total value of goods and services produced by a country in any given year. This means the U.S. produced $20.5 trillion in goods and services over 2018. This is … Read more
RT, Released on 3/12/19 A group of people from the San Agustin neighbourhood in Venezuela’s capital, Caracas, collected wastewater from the Guaire River for everyday use on Monday.
by TFittonJW Judicial Watch doing the heavy lifting: https://www.judicialwatch.org/press-room/press-releases/judicial-watch-announces-depositions-of-senior-obama-era-officials-and-former-hillary-clinton-aides/ (Washington, DC) – Judicial Watch announced today a schedule of depositions of senior Obama-era State Department officials, lawyers, and Clinton aides who have been ordered by the court to provide answers under oath to Judicial Watch’s questions about the Benghazi and Clinton email scandals. In January 2019, United … Read more
Just wow Winter Storm Ulmer Intensifying Into a Major Plains Blizzard With Heavy Snow and High Winds At a Glance Ulmer is intensifying in the Plains where it will produce heavy snow and high winds into Thursday. Blizzard warnings have been issued from northeast Colorado to North Dakota and northwest Minnesota. Travel conditions will be … Read more
Facebook is having issues since 12:01 PM EDT. https://t.co/BLSiYCF9KL RT if it's down for you as well #Facebookdown — Downdetector (@downdetector) March 13, 2019 #BombCyclone Even #Facebook is down :-O pic.twitter.com/Shh4WSlnZf — Bognit O'Shaugnessy (@IrishChieftain) March 13, 2019 h/t keybored
RT, Released on 3/12/19 Larry talks with former Republican congressman and three-time presidential candidate Ron Paul, who has plenty to say about President Trump’s 2020 budget proposal, U.S. involvement in Syria and the fight over border wall funding. Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in … Read more
by Michael Lebowitz On Sunday, March 11, 2019, Federal Reserve Chairman Jerome Powell was interviewed by Scott Pelley on 60 Minutes. We thought it would be helpful to cite a few sections of their conversation and provide you with prior articles in which we addressed the topics discussed. We have been outspoken about the role … Read more
It does not cut individual benefits that citizens receive, but instead targets waste and fraud in the agencies themselves. Its an overall budget. That also takes into account the projected savings under those same agencies. President Donald J. Trump is Promoting a Fiscally Responsible and Pro-American 2020 Budget RESPONSIBLE BUDGETING: President Trump’s budget request promotes … Read more
https://www.cnbc.com/2019/03/13/rite-aid-to-cut-about-400-us-jobs-in-shake-up-of-its-top-management.html Rite Aid said its CEO would exit as part of a revamp of its leadership, and that it would slash about 400 corporate positions. The company said the layoffs will affect more than 20 percent of corporate positions located at the company’s headquarters and across field operations. Rite Aid expects annual savings of about … Read more
https://www.cnbc.com/2019/03/12/chipotle-teams-with-venmo-as-it-takes-its-rewards-program-national.html Chipotle Mexican Grill is expanding its Chipotle Rewards program national as its digital platform continues to see major growth. Users can enroll via the Chipotle website or app, receiving 10 points for each dollar spent, earning a free entree with 1,250 points. For launch week, Chipotle is teaming up with digital wallet company Venmo.
via @ericbeebo: Companies with fatter margins may be maintaining them for not-so-good reasons: declining competition Watch trends in NIPA earnings and margins — they lead the S&P, and the S&P in turn leads the MSCI World A top-down macro view of the earnings outlook…ain’t too darn pretty