Breaking news, updates, and reports on current events.
By Julianne Geiger A Nigerian court has ordered the seizure of $40 million of luxury items, mainly jewelry and a customized golden iPhone belonging to the ex-minister of Nigeria’s petroleum resources Diezani Alison-Madueke, according to Reuters. In addition to the customized iPhone, the items seized included—but was not limited to—419 bangles, 315 rings, and 189 … Read more
by DCG In my opinion, if you’re going to pay any kind of money to listen to anything Gwyneth Paltrow has to say, well, you get what you deserve. From Daily Mail: Gwyneth Paltrow is under fire from attendees at her $5,700-a-head ‘In Goop Health’ wellness summit who say the event was nothing more than a two-day … Read more
The consultancy Challenger Gray & Christmas reported this week media companies, which include movies, television, publishing, music, and broadcast and print news, announced plans to cut 15,474 jobs so far this year, of which 11,878 of which were from news organizations …… Another obvious reason for these cuts — one the AFP article will never … Read more
The Media (i.e Dems) haven’t learned from 2016 and will be absolutely punished in 2020. AC
via dailywire: On Monday, The New Yorker published a lengthy article detailing the various scandals involving former Vice President Joe Biden’s son, Hunter. The article asked the question: “Will Hunter Biden Jeopardize His Father’s Campaign?” The answer is fairly obvious: No. Democrats and their families are treated differently than Republicans and their families. If these scandals involved Jared … Read more
via Vice: Foreigners crossing certain Chinese borders into the Xinjiang region, where authorities are conducting a massive campaign of surveillance and oppression against the local Muslim population, are being forced to install a piece of malware on their phones that gives all of their text messages as well as other pieces of data to the … Read more
Always add the fact that quantitative easing and zero fed interest rates happened during Obummer’s reign. Whenever I have some idiot say President Trump is doing no better than O, I always bring up these two vital things. Our president is doing well despite the lack of help and massive attacks. AC
Secretariat of Security and Citizens Protection showed there were 17,065 murders during the first six months of 2019 Data showed that there were 2,453 homicides in June but officials expect the number to be much higher when an updated report is published July 20 President Andrés Manuel López Obrador deployed the National Guard this week to … Read more
via CNBC: Stocks are hitting record highs again as investors cheer a U.S.-China trade detente and high hopes for a rate cut as soon as this month. But while Wall Street bets on those two market-moving developments, a better glimpse of the S&P 500′s next move could lie in the historical data, according to Ryan Detrick, … Read more
by blaked_baller Good news = market go down due to less likelihood of a rate cut Bad news = market go up due to higher chance of a rate cut Algo bots and robo investments seem buy every dip, nonstop. 2/3 chances to go up 1/3 chance to go down SPY calls everyone
by TacAirlifter Here’s a weekly tracker for economic announcements/updates to guard against (or prepare) our portfolios (or whatever the hell you call the pot of money you work with): Note – all times are in Eastern Standard Time Monday, Jul 8 – Consumer Inflation Expectations (11 AM) – Consumer Credit (3 PM) Tuesday, … Read more
"We’re so focused on monetary policy and this mythical China deal that we just don’t seem to be paying attention to earnings, which are really what should be driving stock prices." https://t.co/p2I7tnT67U via @markets pic.twitter.com/coSneAmijs — Nomi Prins (@nomiprins) July 5, 2019
President Trump's Fed Nominee Dr. Judy Shelton discusses her support of a return to the gold standard and her critical take on central bank activity "Money is meant to serve as a reliable measure."@CNBC pic.twitter.com/4wxKOgjRf4 — Squawk on the Street (@SquawkStreet) July 5, 2019 https://twitter.com/NorthmanTrader/status/1147022117885698049 Happy 4th from the Fed! We enabled ZIRP, NIRP, US … Read more
Investors do not understand the battle that is going on between the US and China right now. They think it’s about soybeans and handshakes. The ignorant rarely ever come out unscathed from a major event. What we are witnessing are two sides fighting for hegemony in the global order. One is trying to maintain its … Read more
via @mcm_ct: i just can not get over this $SPX
I'll share a well kept secret. The aggregate-hours worked index for all of Q2 slowed to a mere 0.6% SAAR from 1.8% in Q1. This is the weakest quarter since…Q4 of 2009! — David Rosenberg (@EconguyRosie) July 5, 2019 Half the payroll gain came from the ‘Birth-Death’ BLS guesstimate; and prime-adult male employment actually sagged … Read more
One hour ago a British oil tanker named PACIFIC VOYAGER on its way from Singapore to Ras Tanura, Saudi Arabia just stopped cold in the middle of the Persian Gulf. Supposedly an Iranian vessel was hanging around in that area around the same time it stopped. It could be nothing but who knows? This info … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Where is the Fed’s “U-Turn” that Wall Street promised us? In June, the Fed shed Treasury securities at the slower pace announced in its new plan for QT, but it dumped Mortgage Backed Securities (MBS) at the fastest rate since the QE unwind started, breaching its “up to” cap for the first … Read more
via Zerohedge: With Deutsche Bank CEO Christian Sewing set to unveil his sweeping restructuring plan to the struggling German banking behemoth’s board on Sunday – a plan that’s expected to focus on brutal cuts to DB’s investment bank – the longtime head of that unit, Garth Ritchie, has reportedly quit, according to the FT. On Friday, DB said … Read more
by Michael Snyder What in the world is happening to southern California? Could it be possible that all of the shaking that we have seen over the past couple of days is leading up to something even bigger? I was curious, and so I went to the USGS website and I pulled up a map … Read more