By Alex Kimani U.S. shale oil producers have so far held up admirably, hanging on for dear life amidst the biggest oil demand collapse in history. American producers continued to pump at record highs in March, even after dozens of drillers laid out blueprints to limit production. But with U.S. storage about to hit tank tops in … Read more
by TheOneAboveNone2 This is crazy, as of May 1st the USO Fund ETF is now branching out and putting funds into Brent Crude WTI Crude US Diesel (Low Sulfur) RBOB Gasoline All spread across multiple months in 2020 AND 2021 Possibly Dubai, Singapore, other international crudes This thing is so far off kilter, check it out: https://www.sec.gov/Archives/edgar/data/1327068/000117120020000330/0001171200-20-000330-index.htm Accordingly, commencing … Read more
by ez2remembercpl TL,DR: the bull case around earnings remains strong in the short-term (30 days) which is all I care about. Reading a lot of oil tanker trader feeds (OOTT). Info from the ones with actual jobs in the industry… BULL case: the absolute crazy spot rates for tankers ($200K+) are currently gone, but tanker storage … Read more
by bingo_bango_zongo The Nasdaq is basically flat year to date. All the FAANG stocks are near all time highs. Facebook, Netflix and Google all missed on EPS estimates. Apple is likely to be hit even worse (sales are down and stores are closed) which leaves Amazon as the only member of FAANG that is likely … Read more
by limes_huh Alright I’ve got some nitty gritty details on a shit ton of restaurants. I’m a doordash driver (this is what diamond hands gets you. I went from $157 to $7500 to $850). I’ve got some DD on a few restaurants, some of this info might be super useful, some might not. Chipotle – … Read more
by Arcas0 Everything’s fine. Maybe you got furloughed, that’s ok. You’re probably making more on unemployment now. Everything’s fine. Now you have time to learn how to bake, maybe finally sleep in and play some video games. Maybe start looking for a better job. You were thinking about quitting anyway. It’s basically summer break with … Read more
by Martin Armstrong China actually reported to the World Health Organization on New Year’s Eve that it was facing a novel coronavirus. It was on January 3rd when U.S. health officials offered assistance to China. They renewed the offer two days later, according to the president’s team. Nancy Pelosi, while touring Chinatown in San Francisco … Read more
A new Insider poll found 23% of Americans who owe a rent or a mortgage payment on Friday aren’t sure they’ll be able to pay it. While 77% of respondents said they were set to make this month’s payment, 12% said they don’t have the money and 10% said they aren’t sure if they’ll have … Read more
by jf286381 Banks are being conservative which might suggest that all of this is “priced in”. They’re borrowing like crazy with the Fed rate at 0.25% and they’re using that capital to pay down old, higher interest liabilities i.e. collectively, they’re handing it back to the Fed. None of that looks good or sounds good … Read more
Who is still interested in buying Chinese stocks? A death cross near resistance in $MCHI is the least of their problems. Think of having a $40+ trillion banking system as GDP collapses. A massive asset liability mismatch. pic.twitter.com/3iZDQGRQh5 — Otavio (Tavi) Costa (@TaviCosta) April 30, 2020
Zoom has admitted it doesn’t have 300 million daily active users. The admission came after The Verge noticed the company had quietly edited a blog post making the claim earlier this month. Zoom originally stated it had “more than 300 million daily users” and that “more than 300 million people around the world are using Zoom during this challenging … Read more
https://www.youtube.com/watch?v=jc6kmSlZUNM Democracy is non-negotiable: http://archive.vn/vozcJ
by robs62 Data sourced from the International Energy Agency, from the Global Energy Review 2020 report: https://www.iea.org/reports/global-energy-review-2020. Graph produced in excel, organised in Illustrator, and animated in After Effects.
Credit card fraud can cost a lot of money for businesses. In 2016, there were $16 billion lost due to credit card fraud. For every $1 in fraud lost, merchants lose $2.94 in revenue. Among the costliest are card-not-present transactions. Card-not-present transactions cost more because they have a higher risk of fraud and chargebacks. Given … Read more
by Egon von Greyerz In this interview Egon von Greyerz explains to Paul Eberhart of SilverDoctors that the combination of the Coronavirus and the coming economic depression will change the world forever. We are now going towards a hyperinflationary depression that will eventually lead to a deflationary depression. The next couple of years will not be a … Read more
The recent unemployment surge stemming from the shutdown of large parts of the U.S. economy is starting to push some state jobless funds toward insolvency. More than 26 million Americans have filed during this unemployment surge for insurance benefits since mid-March. State offices are overwhelmed by the unemployment surge in claims from newly-laid off workers … Read more
Fed shed MBS. Loans to “SPVs” flat for fifth week. Repos in disuse. Fed still hasn’t bought junk bonds, stocks, or ETFs. But it sure sent Wall Street dreaming. By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet rose by only $83 billion during the week ending April 29, to $6.656 trillion. That $83 billion was … Read more
by Dave Here’s a chart on confirmed vs deaths – with “confirmed” lagged by 7 days, just to see how they line up. So deaths are used to set the bottom axis dates, but the confirmed timeseries dates are pushed “to the right” by 7 days. Just thought it was interesting. On average, a “confirmed … Read more
by Dave http://openinsider.com/screener?s=GILD&o=&pl=&ph=&ll=&lh=&fd=730&fdr=&td=0&tdr=&fdlyl=&fdlyh=&daysago=&xp=1&xs=1&vl=&vh=&ocl=&och=&sic1=-1&sicl=&sich=&grp=0&nfl=&nfh=&nil=&nih=&nol=&noh=&v2l=&v2h=&oc2l=&oc2h=&sortcol=0&cnt=100&page=1 D 2020-04-29 19:28:06 2020-04-27 GILD Cogan John Francis Dir S – Sale+OE $79.90 -2,413 54,860 -4% -$192,799 D 2020-04-21 19:42:02 2020-04-20 GILD Cogan John Francis Dir S – Sale+OE $83.00 -2,413 54,860 -4% -$200,279 D 2020-04-14 15:52:22 2020-04-13 GILD Cogan John Francis Dir S – Sale+OE $75.90 -2,413 54,860 -4% -$183,147 D … Read more
Personal Finance for Dummies Are you afraid of losing all the money in impulsive buying? You need to focus on where to spend and where not keenly. To achieve this, you need to have certain guidelines because you don’t want to lose track since you are a beginner. There is a list of things that … Read more