Breaking news, updates, and reports on current events.
from Zero Hedge Argentina’s credit and FX markets are crashing for a second day, signaling an implied probability-of-default gauge over 60%, as investors rapidly lose faith that President Macri will fend off his populist foes and win re-election this year. In comments, Macri admitted that the market volatility is stemming from the political uncertainty but said he believes it’s … Read more
As trade tensions continue to boil, the EU is shifting its eyes from across the Atlantic to the Pacific; RT Correspondent Alex Mihailovich helps us sift through the strained shipping saga. Plus, as India’s auto market surges, Tesla’s stock takes a tumble; Lauren Fix, the Car Coach, steers us through the latest in the auto … Read more
by northmantrader $SPX keeps lingering near all time highs only perhaps a headline or two away from jumping above last September’s peak reading of 2940.91. Tech keeps ramping along its wedge pattern irrespective of what else is happing in markets and is seemingly making new highs every day. And while banks and small caps keep lingering … Read more
Pugh Flew?? “Where Is Baltimore Mayor Catherine Pugh? Source Says She Left Home, State After FBI Raid” BALTIMORE (WJZ) — Where is Baltimore Mayor Catherine Pugh? It’s the question buzzing around the city as the FBI and IRS raid Pugh’s home, City Hall and several other locations tied to her Thursday. But, no one … Read more
by Shaun Richards The last few days have brought an ongoing topic to the fore and Holla Dolla refers to another strong period for the US Dollar. This morning it has been illustrated in a couple of ways as for example the UK Pound £ has nudged below US $1.29 and the Australian Dollar is … Read more
By Irina Slav The president of the United States may remove a 1920 piece of legislation that bans any non-U.S. vessels from moving any cargo between two U.S. ports. The reason: an imbalance between natural gas supply and demand in some parts of the country, especially in the Northeast and in Puerto Rico. Bloomberg reported this week, … Read more
by Troy Sometimes it’s worth zooming out on your charts to look at the bigger picture. On a monthly chart, it “looks like” the S&P is making a big flat top. The S&P has gone up less than 60 points in the past 15 months. Go here to understand our fundamentals-driven long term outlook. Let’s determine the … Read more
by Michael Snyder Approximately 800,000 children go missing in the United States every year, and many of them end up in the hands of sex traffickers. After you read what I have to share with you, I guarantee that you will start watching your children much more carefully when they are in public. Earlier today I received … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter US trade mixed, Eurozone stagnating, Japan on downtrend. But Latin America picks up some of the slack. World trade volume, which had been growing at a strong pace last year, peaking at 5.6% year-over-year growth in October, started turning down in November, and by February — according to the Merchandise World Trade … Read more
Biden throws his hat into the ring, he will be defending himself soon enough. Buzzfeed has been taking money from a SuperPac and bashing Trump. [DS] trying to make the case that he ordered people to fire Mueller, this is fake, they are trying to use this approach to impeach him. Guiliani says the blockade … Read more
UK and many other countries are in a huge amount of debt, the [CB] like countries in debt so they can keep the chains around the country and people. Initial jobless claims tick up, but still at a 50 year low. Durable goods slow month on month and decline when compared to last year. The … Read more
https://www.youtube.com/watch?v=ajwuWblFLmo
by WARREN MOSLER As per the chart still not looking so good: Highlights Good news on US manufacturing is now much less scarce following a much better-than-expected 2.7 percent jump in durable goods orders for March. The gain is skewed higher by a very welcome 60 percent monthly gain in commercial aircraft orders and also by an … Read more
The Earth’s north magnetic pole has been moving from its old location in Northern Canada towards Siberia. And there is a growing concern among scientists that the weakening of the Earth’s magnetic field could someday cause its north and south poles to flip. And that could lead to global chaos. The Earth’s magnetic north has … Read more
by Simon Black When Hugh Hefner finally sold one of the most famous homes in the world back in 2016– the Playboy Mansion– the market was a bit slow. And Hefner had to settle for about half of his original $200 million asking price. But in exchange, the then-90-year-old got a sweet deal: He didn’t have … Read more
by Lance Roberts The S&P 500 and Nasdaq Composite had their highest closings on record Tuesday, regaining ground lost in last year’s rout. Stocks have flourished under a more accommodative Federal Reserve. In January, the central bank said it would hold interest rates steady, setting in motion the stock market’s strongest first-quarter run in more … Read more
Plagiarism scandal Law School scandal Said he finished in the top half of his class at law school, in reality he finished in the bottom half. AC
by Kimble Charting This quote comes to mind when I look at the chart above; bottoms are often events and Tops are a process. Could the Dow Jones Transportation be creating a “Topping Pattern” over the past 15-months? Possible! In this monthly chart of the Transports index, we applied Fibonacci extension levels to the 2003 lows and … Read more
Josh Sigurdson talks with Lucas Birdsall, a strategic advisor at International Cannabis Corp (ICC) about the growth of the cannabis and hemp markets and how early on it is, with great amount of room to grow. As far as the hemp market goes, countless huge corporations are utilizing hemp materials and it’s hard to go … Read more