Breaking news, updates, and reports on current events.
By Tsvetana Paraskova China’s biggest oil and gas producer PetroChina—the first company in the world to reach a US$1-trillion valuation more than ten years ago—is now so cheap that it is worth less than the value of its oil and gas reserves. PetroChina is listed in Hong Kong, Shanghai, and New York. It has been trading in … Read more
The British activist and former English Defence League (EDL) leader was earlier found guilty of contempt of court after he livestreamed information about defendants in a case involving the sexual exploitation of underage English girls in 2017. Stephen Yaxley-Lennon, also known as Tommy Robinson, has been sentenced to 9 months in jail over contempt of … Read more
Please tell me this time will be different. pic.twitter.com/DH4Ehpop1w — Jim Carroll (@vixologist) July 11, 2019
S&P500's Q2 #earnings expectations continue to slide via @biancoresearch @SoberLook pic.twitter.com/G8gnVes5sg — Gregory Daco (@GregDaco) July 10, 2019 Chart suggests earnings are going negative Chart suggests earnings are going negative from CNBC. Manhattan home prices falling at fastest rate since GFC@DeutscheBank @SoberLook @streeteasy pic.twitter.com/AbT2XepB8O — Liz Ann Sonders (@LizAnnSonders) July 10, 2019 Equities pricing in … Read more
via jugglingdynamite: Now at the end of a debt supercycle, job losses in highly cyclical sectors like retail, finance, transport and real estate are spreading to connected industry and services worldwide. The transition here is likely to be more secular and durable than most imagine. Heavily indebted and under-saved consumers spend less and will focus on … Read more
President Donald Trump is pressuring India to lower its tariffs against U.S. companies, but House Democrats and Republicans are offering to open the U.S. labor market to even more Indian college graduates. The economic contradiction was highlighted Tuesday when Trump tweeted his frustration at India’s policy of putting tariffs on American-made goods and services: At … Read more
By: Alexander Trigaux, Editor, GoldSilver.com If you know where to look, the markets are telling you that they understand we’re moving into a new phase of US-dollar decay. With the most recent dovish statement by Jerome Powell, the wheels have been set in motion for a fresh cycle of rate cuts. Going so far as … Read more
by Martin Armstrong QUESTION: Mr. Armstrong; could you explain this whole Customs Union issue in BREXIT? Some see it as a great idea, others say it is surrendering sovereignty to Brussels. SN ANSWER: A customs union, some claim, would help businesses that send goods back and forth to the European Union. So it would be of … Read more
by Michael Snyder On Wednesday, five Iranian gunboats attempted to seize a British oil tanker as it was traveling through the Persian Gulf. As you will see below, this was apparently done in retaliation for an incident which happened in Gibraltar less than a week earlier. British Royal Marines captured a tanker that was reportedly … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Shadow banks provided 40% of new loans for vehicle purchases. Car sales in India, the fifth-largest auto market in the world, plunged 24% in June, compared to June last year, after they’d already plunged 26% in May, the Society of Indian Automobile Manufacturers reported. Year-over-year declines have been dragging on for … Read more
via @RaoulGMI: There is a lot going on in Europe that feels like it’s coming to a head soon… probably by the end of the summer. The EU economy is in mild recession… But it is unlikely to deteriorate further for a month or two until the CESI up-cycle finishes around the end of the summer … Read more
by Egon von Greyerz Lemmings have a herd mentality. But following the crowd, can have grave consequences like falling off a cliff and drowning in the ocean. Many investors have the same instinct. They follow the crowd and buy or sell when other people do. This probably won’t end in the same disaster as the … Read more
by visualcapitalist How much do the CEOs from some of the world’s most important companies get paid, and do these top CEOs deliver commensurate returns to shareholders? Today’s infographic comes to us from HowMuch.net and it visualizes data on S&P 500 companies to see if there is any relationship between CEO pay and stock performance. For Richer or … Read more
by enronCoin After the big dip in 2018, $EA has been a solid stock to long this year. It opened the year around $77 and touched $108. BUT $EA employees and investors got shitfaced on the 4th of July and anyone holding calls got cucked. I had a small position in puts that could have … Read more
via CNSNEWS: For the first time in our nation’s history, there is now a federal department spending an average of more than $100 billion per month. No, it is not the Department of Defense, which is charged with the core federal responsibility of defending us from foreign enemies. It is the Department of Health and … Read more
#BREAKING: Today five armed IRGC vessels in the Persian Gulf unsuccessfully attempted to seize a British oil tanker according to two US officials with direct knowledge of the incident-CNN via @HamdiAlkhshali — ELINT News (@ELINTNews) July 10, 2019 BREAKING: Five armed #Iran's Islamic Revolutionary Guard Corps [#IRGC] boats in the #Persian Gulf Wednesday unsuccessfully tried … Read more
From Birch Gold Group The Social Security payment retirees get every month has become an important part of retirement life. For some, this payment even pulls them out of poverty. But times have changed. Social Security is in danger, and if nothing is done, it faces a serious cut of 25% by 2034. What’s more alarming is … Read more
