Is Digital Bling Propping up China’s Stock Market?

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Tencent is a giant. Its stock, after plunging 50% in 2018, was a big winner earlier this year. Now the uptrend is broken. Revenue is primarily from mobile video game microtransactions, and warning signs are emerging. By Adam H. Williams, Senior Associate at E911-LBS, LBSglobe.com, for WOLF STREET: Tencent is one of the top ten companies by stock … Read more

President Eisenhower Is Rolling In His Grave: Military/Industrial Complex Lobbyist Takes Over The Pentagon

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Via The Strategic Culture Foundation, Mark Esper is expected to be confirmed in coming days as the new US Secretary of Defense. His appointment is awaiting final Congressional approval after customary hearings this week before senators. The 55-year-old nominee put forward by President Trump was previously a decorated Lieutenant Colonel and has served in government office … Read more

Come And See The Violence Inherent In The Leftism

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Patti LuPone defends violent attack on Rand Paul: Sen. Paul suffered six broken ribs and damaged lungs after Rene Boucher, his neighbor, tackled him from behind in 2017. Paul also endured pneumonia following the attack. The Senator successfully sued Boucher, earning more than half million dollars as a result. Then again, according to LuPone, maybe … Read more

California Is Launching a Creepy “Cradle to Career” Data System to Track EVERYTHING About Children

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by Daisy Luther Just in case we haven’t provided you with enough creepy dystopian news lately, the nation’s leader in Creepy Dystopia, California, has a brand new program. The “Cradle to Career Data System” will study and document everything about a child born in the state. But don’t worry, it’s for your children’s own good. … Read more

Big Tech Claims It’s Not Choking Competitors, but Data Suggests Otherwise

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via adweek: Some of the biggest household names in tech—Facebook, Google, Apple and Amazon—faced the ire of lawmakers and regulators in Washington, D.C. earlier this week during the largest antitrust hearing in decades. Questions focused on market power and accused the companies of various practices—from buying out smaller firms to reshaping algorithms—that leave other tech and … Read more

Charts: Everything That Disney Owns

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via anewspost: The Walt Disney Company has been furiously acquiring various entertainment studios and businesses in recent decades, and has just expanded its media empire with the acquisition of Fox. As a part of the FOX deal, Disney acquired, Fox Family and Fox Animation, Twentieth Century Fox, Fox Searchlight Pictures, and Fox 2000 Pictures; Fox’s television creative units, … Read more

Field of methane bubbling plumes discovered off North Carolina coast

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Two sources of same info. https://strangesounds.org/2019/07/north-carolina-methane-field-activity-video.html “Evidence of a “seep field” off the island was first detected on sonar in 2012, but the expedition this month marked the first time visual proof was established that the seeps remains active and plentiful, officials said.” or Start at 1:55 to skip all the intro stuff.   h/t IJumpInIt

Is an armed society a safe society?

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by Fabius Maximus Summary: As the gun lobby moves from the expanding the right to concealed carry to the open carry of guns, let’s examine the stories about guns that so many believe. This is one of the beliefs that form the foundation of the New America being built by Republicans on the ruins of the America-that-once-was, overturning a century … Read more

Why The Fed Could Cut By 50bps & Why It Won’t Matter

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by Lance Roberts Market Review & Update Last week, we laid out the bull and bear case for the market: The Bull Case For 3300 Momentum Stock Buybacks Fed Rate Cuts Stoppage of QT Trade Deal The Bear Case Against 3300 Earnings Deterioration Recession No Trade Deal/Higher Tariffs Credit-Related Event (Junk Bonds) Mean Reversion Volatility / … Read more

Netflix loses $17 billion in one day, 126,000 subscribers in second quarter

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via Yahoo: It was a record-setting day in the worst way for Netflix on Thursday, with the streaming giant’s valuation dropping $17 billion after the company reported disappointing second quarter subscriber growth after the market close on Wednesday. Netflix’s stock slumped 10.3% to $325.21 per share during Thursday trading, marking its worst single-day percentage drop … Read more