Breaking news, updates, and reports on current events.
by mark000 FOMC in September not dovish ATH in first week of October Powell says many more rate hikes to come at some interview, market wants no more hikes 6 sessions after ATH we were -6%ATH 9 weeks later (December 13) we were still only -8%ATH after lots of funtimes on the stock market … Read more
Jeff Bezos sold an additional $1 billion worth of Amazon.com Inc. shares last week, shortly after cashing in $1.8 billion, stock exchange filings show. He disposed of 532,120 shares on Thursday and Friday after selling nearly a million shares earlier in the week. Read more: Bezos Sells $2 Billion of Amazon Stock After 4% Stake … Read more
The wealthiest 500 people on Earth lost 2.1% of their collective net worth on Monday as U.S. stocks plunged in their biggest drop this year. Twenty-one members of the Bloomberg Billionaires Indexlost $1 billion or more as investors reacted to stepped-up tensions between the U.S. and China. Amazon.com Inc. founder Jeff Bezos declined the most, shedding $3.4 billion … Read more
1998 first had a plunge – minor countertrend through first half of aug – then plunge into sept pic.twitter.com/2K34LNKWSu — Alastair (@StockBoardAsset) August 6, 2019 trump needs a trade deal or everything falls apart pic.twitter.com/G2XaRfFCxZ — Alastair (@StockBoardAsset) August 6, 2019 Scotiabank: Dollar/Yuan Breaching 7 Amid Escalated Trade Tensions pic.twitter.com/ahKOiJAx0H — Alastair (@StockBoardAsset) August 6, … Read more
via Zerohedge: Passengers on Hong-Kong-based Cathay Pacific have been warned that their movements and preferences will be recorded by the airline via seatback in-flight entertainment screens equipped with cameras, according to News.com.au. Seatback entertainment system camera (via news.com.au) What’s more, the airline says the data will be stored indefinitely, or “as long as necessary.” Their new policy … Read more
by Jeff Clark, Senior Analyst, GoldSilver Many readers liked the tables we presented of possible gold/S&P 500 ratios and what that would mean to prices of each asset. If you didn’t catch it, check out what the future could look like for gold vs. the stock market. Given the current action in stocks and precious metals, … Read more
Sounds like an act of war: http://archive.is/4Wmta
via @crossbordercap:
https://www.cnbc.com/2019/08/03/apple-rd-spend-increases-fulfilling-tim-cook-doctrine.html Apple R&D spending is at all-time highs. It’s also spending the largest proportion of its revenue on R&D since 2003. Apple CFO Luca Maestri hinted that R&D would continue to rise, and said that the company’s $1 billion purchase of 2,000 Intel employees would require “upfront investment.” Another comparison: Apple’s R&D expense is still … Read more
Interesting take on the situation with Beyond Meat secondary offering… https://www.bprising.com/articles/beyond-meat-insiders-pull-questionable-secondary-offering Something that really seems to be lacking these days in business is integrity. Everyone seems to be out chasing the short term gain and satisfaction. Eventually this attitude always costs those who pursue it. Sure, it may seem like you are winning in the … Read more
Chart: Copper futures contract – pic.twitter.com/TXfnRJQ35f — (((The Daily Shot))) (@SoberLook) August 5, 2019 Chart: Germany's 30yr yield and the yield curve (fully negative) – pic.twitter.com/lzN15eRw9O — (((The Daily Shot))) (@SoberLook) August 5, 2019 Chart: 10yr – 1yr Treasury spread – pic.twitter.com/YFPM3My10R — (((The Daily Shot))) (@SoberLook) August 5, 2019
via @chigrl: (link: https://www.ft.com/content/62220484-b37c-11e9-8cb2-799a3a8cf37b) ft.com/content/622204… @TankerTrackers Something to keep an eye on, as this could get messy
via mishtalk: The Fed has convinced the market that baby step cuts are the order of the day even as the yield curve screams for more. Heading into the July 31 FOMC meeting, there was a substantial 22% chance of a 50 basis point cut. Odds of a 50 basis point cut hit 50% at … Read more
via MarketWatch: The Congressional Budget Office reveals shocking forecasts for immigration, debt and spending for the next 30 years How do you know a politician is lying to you? Simple: His lips are moving. Yes, it’s an old one — but none the worse for that. The 2020 election season is getting into full swing. … Read more
by Bill Bonner POITOU, FRANCE – Watch out, Dear Reader, this could be a tough week for investors. Investor’s Business Daily reports: Dow Jones futures sold off sharply Sunday night, along with S&P 500 futures and Nasdaq futures, as China’s yuan tumbled to a record low. That follows a tough week for the current stock market rally … Read more
Is the ‘everything bubble’ finally popping? This chart might have the answer The stock market is in shambles to start the week, with the Dow Jones Industrial Average DJIA, -2.90% dropping more than 700 points after China retaliated against President Trump’s latest move in the intensifying trade war. Charles Hugh Smith, known for his Of Two Minds blog, like many … Read more
“Feeling safe does not make you safe. It makes you a target.” h/t Evil_Twin
via theresurgent: The shooter in Ohio is an Elizabeth Warren fan, which means the media will focus far more on the El Paso shooter. But the El Paso shooter, who is very anti-immigration and believes the country is under invasion, also has a significant degree of concern about ecology and the environment. Neither of them fit … Read more
Pay Attention because it is really Goldman Sachs that wants Trump gone. They are protecting their slave labor profits in china h/t Jake
