On Wire

Comcast has agreed to sell its stake in Hulu in five years to Disney and give up its voting rights immediately. The company could either sell it at a valuation $27.5 billion or whatever Hulu is appraised to be worth in five years. As part of the deal, Disney has agreed to pay Comcast for its … Read more

by TribeIn5 Yesterday I was walking up the stairs to my apartment with bags of groceries and my phone rang, it was an 800 number. I ignored it. They called again right away, I ignored it again. I googled the number to find out it was my bank. I was about to call back and … Read more

Walmart is starting to offer next-day delivery for more than 200,000 items on its website. The retailer’s rollout of next-day delivery will begin in Phoenix, Las Vegas and Southern California, before reaching 75% of the country by the end of the year. Last month, Amazon announced free, one-day delivery becoming a new perk for all … Read more

via marketwatch: Amazon.com Inc. AMZN-0.52% announced Monday the expansion of its Delivery Service Partner program, in which it will now provide up to $10,000 to fund the costs for employees to start and operate a package delivery business. The new incentive program will also include the equivalent of three months of the former employee’s last gross … Read more

US stocks rebound quickly, interesting. Looks like both sides have resources to sustain their will. What's important is neither side should have the illusion they can easily win over the other.After all they're both major powers. Trade game may last longer than many think it will — Hu Xijin 胡锡进 (@HuXijin_GT) May 14, 2019 A … Read more

GUNDLACH: MASSIVE AMOUNTS OF CORPORATE DEBT pic.twitter.com/GdNuo2M3WH — Alastair (@StockBoardAsset) May 14, 2019 Morgan Stanley said 38% would be rated "junk" if you use leverage ratio alone https://t.co/ajcjz0wBjg — Jennifer Ablan (@jennablan) May 14, 2019 Bond ETF outflows last week were the who's who of reach for yield: HYG, EMB, JNK, EMLC pic.twitter.com/JCQO7e7zAP — Luke … Read more

via LibertyNation: The fiscal black hole surrounding Social Security and Medicare had been talked about long before mankind got its first glimpse of the interstellar phenomenon. Like the particles and electromagnetic radiation absorbed in the galactic monster’s path, the American people face an event horizon, a point of no return. Unless drastic actions are taken by good folks … Read more

via marketwatch: Amid an escalating, tit-for-tat trade battle, some investors fret China could be tempted to sell a large chunk of its stockpile of Treasurys in a bid to raise U.S. government’s borrowing costs when Washington is contending with trillion dollar annual deficits. Hu Xijin, the editor in chief of Chinese state-owned newspaper The Global Times, … Read more

Case Freight Index detailing US slowdown pic.twitter.com/VpeMcUmjGw — Alastair (@StockBoardAsset) May 14, 2019 looks like the whole trade is starting to unwind pic.twitter.com/Sx5YJyyX3Z — Alastair (@StockBoardAsset) May 14, 2019 industrial metals lead the world once again – the world is in a structural decline – stimulus ain't working pic.twitter.com/3R6gvQPtzg — Alastair (@StockBoardAsset) May 14, 2019 … Read more

WhatsApp users warned to update NOW as it’s revealed hackers have installed spy software on phones just by CALLING them HACKERS installed spy software on phones using a major WhatsApp flaw just by calling them, it was revealed last night. Even if the call was not picked up, the software would be installed. It gave … Read more

This time it’s about the safe deposit boxes at Metro Bank. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Shares in Metro Bank, until recently the UK’s fastest growing high street lender, slumped 11% on Monday to £4.75, the lowest level since the bank went public back in 2016. Metro’s shares have lost almost … Read more

DEMOGRAPHY IS CALIFORNIA’S DESTINY: The decline in births and immigration and the aging of the baby boomers mean California, which has traditionally had a relatively young and vibrant population, is rapidly graying. We are becoming more like states in the East and the upper Midwest, while our neighboring states are more like California used to … Read more

via dailycaller: The emails, which were provided to Judicial Watch, show for the first time that the Obama White House was aware of the Clinton-related FOIA request, which the liberal watchdog group Citizens for Responsibility and Ethics in Washington (CREW) submitted to the State Department in December 2012. The State Department denied the request in May … Read more

He may have driven them crazy, but they were already close enough to walk. via frontpagemag: Madness is the state of losing touch with reality. Trump has managed to twist the Dem sense of reality so badly that party members, especially those in the media, exist in a universe defined entirely by him, by the conspiracies that … Read more