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PITTSBURGH — A woman was fatally stabbed in the neck Thursday morning at a downtown bus stop, right in front of a Pittsburgh police officer who had been checking on the woman’s well-being at the time, police said. The unidentified attacker also stabbed a bystander walking near the bus stop before he was subdued and … Read more
via CNBC: Uber shares dropped around 10% after it reported disappointing second quarter earnings, with losses exceeding $5 billion. Revenue came in light, at $3.17 billion for Uber in Q2 2019, versus $3.36 billion expected. “No doubt in my mind that the business will eventually be a break even and profitable business,” CEO Dara Khosrowshahi … Read more
by LV When a horse race is fixed like a merry-go-round, it is apparent to the most inebriated observer in the racetrack grandstands. No binoculars are necessary to see through the charade. A merry-go-round fix is the most brazen scam that can occur at a racetrack. When the horses leave the starting gate, they line up … Read more
Submitted via IMF Blog Following a period of escalating prices, Canada’s housing market is cooling. Measures designed to strengthen financial stability such as more stringent tests of borrowers’ ability to repay their loans, along with higher interest rates, combined to make mortgage financing more expensive. As a result, residential mortgage credit slowed to just 3.4 percent annual growth … Read more
https://www.cnbc.com/2019/08/08/robinhood-gets-fca-approval-to-launch-stock-trading-app-in-the-uk.html?&qsearchterm=robinhood Robinhood has been granted broker authorization from the U.K. Financial Conduct Authority. It’s been building out a team in London led by former TransferWise executive Wander Rutgers. Recently valued by investors at $7.6 billion, the company claims to have 6 million users in total.
https://www.bloomberg.com/news/articles/2019-08-08/u-s-rushes-to-ready-new-china-tariffs-as-companies-fret-damage?srnd=premium The Trump administration is rushing to finalize a list of $300 billion in Chinese imports it plans to hit with tariffs in a few weeks’ time, as U.S. companies make a last-ditch appeal to be spared from the latest round of duties. President Donald Trump’s announcement last week on adding a 10% tariff as … Read more
via Alastair Williamson: The Drop in Yields Is Getting Scary, Writes Peter Boockvar GERMAN 10 YEAR BUND YIELD. Commerzbank stock. Gold in orange, the dollar amount of negative yielding bonds. Rate cut recap last two days so far India 35 bps New Zealand 50 bps Thailand 25 bps Phillipines 25 bps Serbia 25 bps
Aug.07 — Joachim Fels, managing director and global economic adviser at Pacific Investment Management Co., discusses the outlook for U.S. Treasury yields with Bloomberg’s Joe Weisenthal, Romaine Bostick and Caroline Hyde on “Bloomberg Markets: What’d You Miss?”
via Zerohedge: After two months of torrid gains for revolving, or credit card debt, moments ago the Fed reported in its monthly consumer credit report that in June US consumer hit the breaks hard on new credit-fueled spending. In June, revolving credit declined by $80.5 million, the first such drop since March, and only the … Read more
via pensionpulse: Heather Gillers of the Wall Street Journal reports that US pension plans fell short of their projected returns this year, adding to the burden on governments struggling to fund promised benefits to retired workers: Public plans with more than $1 billion in assets earned a median return of 6.79% for the year ended June 30, the … Read more
via upfina: The June JOLTS report told us the same thing that the July monthly BLS report did. The labor market is seeing slowing growth. In May, there were 7.384 million job openings which was a positive revision from 7.323 million. In June, there were 7.348 million which beat estimates for 7.293 million and the high … Read more
Data for graph below from St Louis Fed. Data from here: https://fred.stlouisfed.org/series/T10Y3M Kinda scary, but short sellers made 25B on Monday h/t Methisthopheles
Many investors believe that a company’s stock price follows its “fundamentals.” However, that’s not always the case. The story of this international conglomerate tells the tale. Take a look at this chart … https://www.youtube.com/watch?v=S7V_S2pyCCE
Charlie Spiering from Breitbart reports, President Donald Trump promised supporters Tuesday he was keeping an eye on Google, despite CEO Sundar Pichai’s reassurances they were not trying to stop him winning re-election in 2020. https://www.youtube.com/watch?v=ts0jr_zpfnc Read More/Source/Credit/FairUse: https://www.breitbart.com/politics/20…
An international team of researchers has created embryos containing both human and monkey cells, the Spanish newspaper El País reported July 31. The controversial project was conducted in China, rather than in the US where the project leader is based, “to avoid legal issues,” according to the newspaper, and ultimately aims to grow viable organs for transplantation … Read more
If the CEO of HSBC has been lending $400b USD to china to help them prop up their Monopoly money, that accounts for half of the reserves we have calculated that have already run. The chinese bank forward position on CNH is another $450 billion. Their currency is a HOUSE OF CARDS. https://t.co/sMjOJvdYY9 — 🇺🇸 … Read more
The Jackson Hole monetary conference had no sooner ended than one more European country was added to the scroll of countries with negative 2 year sovereign yields… I believe it has just been updated to 20 https://www.bbc.com/news/business-32284393 h/t Jake
About 300 of the 680 people detained in Wednesday’s federal Immigration and Customs Enforcement raid were released the same day, officials said. Approximately 30 people detained Wednesday were released at the same site they were detained on “humanitarian grounds,” according to a press release issued Thursday by Mike Hurst, the U.S. attorney for the Southern District of Mississippi, … Read more
In a graphic materialization of the prophecy in Zechariah as explained in the Talmud, foxes are now being seen playing at the Temple Mount. It was reported in The Yeshiva World that visitors to the area have observed the group of about a dozen foxes in the southwestern area of the Western Wall for the last three … Read more
https://www.youtube.com/watch?v=RGvgJZS8ous Benjamin Goldman from Political Entertainment Network report, If you thought Ilhan Omar was bad already because of her hate for Israel and her love for Communism, just wait until you see what she did this week. Last week Congresswoman Omar, who is married to at least 1 man, was seen on a date with … Read more