Breaking news, updates, and reports on current events.
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Number five in two years. Here’s the list. “This decision is a difficult, but necessary one,” ShopKo said in its announcement of the Chapter 11 bankruptcy filing. It blamed “excess debt and ongoing competitive pressures” and “a challenging retail environment.” It said it would try to sell its pharmacy business in an auction … Read more
Cristina Laila for the Gateway Pundit reports, Over 30,000 Los Angeles public school teachers walked out of classrooms and joined the picket line as contract negotiations stalled on Monday. The teachers wore rain coats and carried umbrellas to shield from the torrential downpour in Southern California. https://www.youtube.com/watch?v=3hPKXv-0prk Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2019… ABC news reported: More than 30,000 … Read more
Jim Hoft for the Gateway Pundit reports, Since the government is on shutdown President Trump stayed at home in the White House over Christmas break. On Monday the NCAA Football Champions CLemson Tigers visited the White House after their championship win earlier this month. https://www.youtube.com/watch?v=9M4subWnF6w Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2019… Clemson Players smiling and laughing as they … Read more
https://www.youtube.com/watch?v=Tk0yTGzdgCQ
by hyousef333 – Fourth Quarter Net Revenues of $8.5 Billion and Earnings per Diluted Share of $0.80 – Record Full Year Net Revenues of $40.1 Billion and Net Income of $8.7 Billion; Earnings per Diluted Share of $4.73 – Compensation expense of $3.8 billion decreased from $4.3 billion a year ago on lower net … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But freight rates remain red hot. Freight shipment volume across all modes of transportation – truck, rail, air, and barge – in December declined about 1% from a year earlier, according to the Cass Freight Index, the first year-over-year decline since the transportation recession of 2015 and 2016, and the latest mark … Read more
Katrina Taylor-Parks pleaded guilty to conspiring to accept bribes while she was former Atlanta mayor Kasim Reed’s deputy chief of staff Prosecutors said Taylor-Parks accepted $4,000 in bribes from a vendor Taylor-Parks was in court Monday afternoon for her sentencing A federal judge ordered her to serve 20 months in prison and pay $15,000 in … Read more
You probably didn’t hear about it on the mainstream financial media. Nobody was tweeting this piece of truth, this smack of reality. But a wakeup call is needed for people to understand exactly WHY something happens. We must acknowledge exactly why something happens, understand the origin, and piece together all the data. Without it, we … Read more
Cassandra Fairbanks for the Gateway Pundit reports, The Black Conservative Movement has launched a #CantBullyUs campaign to combat the hate directed at black Trump supporters from members of the Democratic Party. https://www.youtube.com/watch?v=XjhRVgsQEnw Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2019… It's been 400 years since slavery started in the U.S. and the Democrats still think they own us. "We are … Read more
via Yahoo: Get out while you can. In a note to clients, analysts at Credit Suisse (CS) said they still expect 5% upside for the key global markets, but “advise selling developed markets into the rally rather than continuing to build positions.” The S&P 500 (^GSPC) is up 4.4% so far in 2019 and 11.3% since its … Read more
via thestreet: How bad is sentiment in the Hong Kong property market? Bad enough that one residential buyer has just walked away from a house purchase and lost a $4.6 million deposit. And bad enough that troubled Chinese conglomerate HNA Group is getting sued for back rent on a $20 million-a-year lease for space it leased through 2027 … Read more
The ‘eye of the storm’: SocGen says it can’t warn about stock-market problem enough Small-caps have traditionally acted as a canary in the coal mine for the larger market, as they tend to be more sensitive to growth worries and usually show signs of fatigue before their big-cap counterparts. “U.S. small-caps have been taking on … Read more
via businessinsider: German authorities are ramping up discussions about a possible merger between Deutsche Bank and Commerzbank, the Financial Times reported. Bloomberg said regulators seek to merge Deutsche Bank with a different European lender. “We think the reason for these headlines is that profitability may have deteriorated further in the fourth quarter,” Barclays analysts said … Read more
via economist: America’s ageing economic boom can still produce pleasant surprises. Companies added an astonishing 312,000 new jobs in December, the Bureau of Labour Statistics reported on January 4th, and raised pay at the fastest clip in years. For the third of working-age Americans without any college education, such spells of rapid income growth have been exceedingly … Read more
by howmuch Want to make a lot of money? Become a doctor. That’s the basic message behind our new map breaking down the highest paid occupations in every state. Almost every single top-ranking job is in the healthcare field. We have together a list of the highest paying jobs in every state based on annual mean … Read more
by John Ward …..but everyone who wants something is a dangerous extremist ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ The attempt by people ranging from Nick Boles and Olly Letwin to “take a No Deal Brexit off the table” has now been adopted formally by the Labour leadership as the “reason” why Jeremy Corbyn will not join Cross-Party talks about a Plan B for … Read more
Just another look at the violence in France. This is a sign of poor leadership. Both the police and the protesters are exhausted and tensions are super high. All of these egregious acts are wrong and could be avoided if there were strong and influential leaders to give the people hope and calm the police. … Read more
by Martin Armstrong COMMENT: Hi, The Norwegian Data Protection Authority is now arguing that GPS based taxation, for the amount of kilometers driven by car, can be done within 5-6 years! Norwegians trust the government way too much, because they believe that this system will eliminate the need for road tax, fuel tax, toll roads and … Read more
by OB1_kenobi Funny how there has to be a 50 year time period before stuff like this can be admitted. Also makes you wonder what we’ll be learning about 50 years from now. via NPR: In the 1960s, the sugar industry funded research that downplayed the risks of sugar and highlighted the hazards of fat, according … Read more
by Lance Roberts In August of last year, I wrote an article entitled “As Good As It Gets“ which discussed the record levels being set by a broad swath of economic indicators. To wit: “First, “record levels” of anything are records for a reason. It is where the point where previous limits were reached. Therefore, when a ‘record … Read more
via MarketWatch: Stock rockets 38% after company says it can be profitable based on a non-GAAP metric that ignores losses and falling sales Meal-kit provider Blue Apron Holdings Inc.‘s shares rocketed 38% on Tuesday, after the company said it is confident it can achieve a version of profitability this year. The recipe for the stock’s … Read more
via J.G. Martinez D.: Surviving in a Venezuelan city is a lot different than it is in a country retreat. Each location has its own problems and benefits. I wrote before about the dangers of rural retreats and today I will write about the dangers in a city. You must not underestimate people because they are different then … Read more
by Brian Maher of Daily Reckoning Today we reveal the time frame of the next recession — to within three months. The surprising details anon. But first to a far more immediate catastrophe… We are informed the partial government “shutdown” has entered a record-extending 25th day. It is information we must take on faith, and at … Read more
via engadget: POTUS has signed a bill into law that includes the OPEN Government Data Act, following approvals (and amendments) from the Senate and then by the House of Representatives. The sweeping legislation is aimed at making public data released by the government easier to access via smartphones and other electronic devices. It essentially requires that federal agencies publish … Read more
via ocregister: Tenants getting federal rent subsidies have yet to be affected by the partial government shutdown, now in its fourth week. But big problems could arise for those renters and their landlords should the shutdown last until March. Local housing authorities serving about 125,000 Section 8 tenants in Southern California say rent payments will run … Read more