[The Street] Jim Cramer: “Don’t Own Uber Stock: This Is Death Knell”

https://www.thestreet.com/streetlightning/stock-picks/this-is-death-knell-for-uber-says-jim-cramer ​ A judge in California issued a preliminary injunction on Monday requiring Uber and Lyft to stop classifying their drivers as independent contractors, and potentially setting the stage for a major shift in their business models. Judge Ethan Schulman of San …

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Uber CEO says its service will probably shut down temporarily in California if it’s forced to classify drivers as employees

https://www.cnbc.com/2020/08/12/uber-may-shut-down-temporarily-in-california.html Uber would likely shut down temporarily for several months if a court does not overturn a recent ruling requiring it to classify its drivers as full-time employees, CEO Dara Khosrowshahi said in an interview with Stephanie Ruhle Wednesday on …

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Trump says China not living up to trade deal

https://www.youtube.com/watch?v=5BC5RQylnbc US President Donald Trump says China is not living up to its commitments in fulfilling Phase 1 of the US-China trade deal. This comes as US Trade Representative Robert Lighthizer, US Treasury Secretary Steven Mnuchin and Chinese Vice-Premier Liu …

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The Fed’s Silent Takeover of the U.S.

Graphs and science and government overthrows, oh my! In this episode, we look under the hood of the Fed’s massive, three-trillion-dollar expansion of its balance sheet, rationalized by officials as a necessary response to… what else? The pandemic. Fair enough. …

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The Big banks that can’t fail

(Zoom in on photo) the Big banks that can’t fail have now purchased $1.8 TRILLION in Credit Default Swaps (CDS) yes the same CDS that helped caused the Financial Crisis of 2008. @jpmorgan has increased there Swaps by $100 billion …

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