From CNBC: Ride-hailing company Lyft on Thursday confidentially filed a statement with the U.S. Securities and Exchange Commission for an initial public offering, signalling it could be the first major tech IPO of 2019. Lyft and rival Uber have each teased 2019 public offerings. The companies have been adding offers and services practically in tandem in recent months … Read more
LONG ISLAND, New York – A man is accused of scamming $45,000 from an elderly woman on Long Island, detectives say. An unknown man reportedly contacted the 81-year-old victim and said that her son was arrested for being involved in a car accident that caused injuries. The suspect told the victim that he needed $7,500 … Read more
A significant winter storm will take shape beginning Friday over the Southern Plains and Texas, then spread this weekend through the Southeast and Mid-Atlantic. How far south freezing air will reach remains an open question, making it difficult to precisely forecast ice and snow accumulation. Winter storm watches are already in place Thursday for 6 … Read more
by John Ward It is perfectly possible in 2018 (and in many ways, quite advantageous) for me to self-identify as a transsexual deep-fried coffee percolator. I mean, why not? Guy Verhofstadt calls himself a believer in democratic values, and I find it hard to imagine anything more surreal, hypocritical and mendacious than that. Theresa May says … Read more
by Gregory Morin via Mises Wire I recently had the opportunity to visit San Francisco for the first time. Coastal towns tend to be a bit more interesting in terms of cuisine (seafood being one of the more varied palate options) as well as architecture (steep hill structures are ever a testament to human ingenuity) and … Read more
by WARREN MOSLER Deficit growing despite tariffs. Could be J curve effect: Highlights A slight 0.1 percent decline in exports and a slight 0.2 percent gain in imports made for a sizable 1.7 percent deepening in the nation’s trade deficit in October to $55.5 billion which is just outside Econoday’s consensus range. The deficit with … Read more
“Britain has provided enough guarantees that Julian Assange will not be extradited to any country where he would face the death penalty if he leaves the Ecuadorian embassy in London, according to Ecuadorian President Lenin Moreno. Speaking during a radio interview on Thursday, Moreno said his administration has received written assurances that the UK will … Read more
Credit-card delinquencies, application rejections, and involuntary account closures are all on the upswing, according to a report from the Federal Reserve Bank of New York. The Fed says these developments are “potentially concerning” given the strength of the economy and comparatively low interest rates. The trends most likely indicate that credit-card companies issued debt too … Read more
via confoundedinterest: Chicago IL (should be ILL) is the poster child for an insane pension program (mostly to municipal workers and public school teachers). But not only in the city of Chicago, but the state of ILLinois as well. Consider that the unfunded liability in the state’s combined retirement systems has risen in 11 of the … Read more
The biggest-ever bet on Bitcoin options is about to expire worthless. Purchased for almost $1 million on LedgerX’s trading platform just days after Bitcoin peaked a year ago, the call options have a strike price of $50,000 and an expiry date of Dec. 28, 2018. For the contracts to retain any value at expiry, Bitcoin would … Read more
by NaturalHedgehog Each day I go through the top rising and falling stocks today, and look for (a) what the company actually does, and (b) why the stock is moving so much. Hopefully this saves you some digging! Below are my notes from 3 December 2018 as of mid-morning. (This list is limited to companies … Read more
Deutsche Bank, Silver, Cryptos Derivatives = Creative Destruction Event Hang on tight! Deutsche Bank is the lynch pin of the Derivative Implosion and that lynch pin is getting pulled NOW! Noble Group just failed and was DB’s counter party to MASSIVE SILVER DERIVATIVES! h/t TerraForms
They literally have no idea what they’re talking about at this point AC
by Graham Summers of Gains, Pains, & Capital Stocks will be opening down today… as in DOWN. As bad as it’s looking, things were actually much worse a few hours ago. The initial drop was so massive that the futures exchange intervened to stop the carnage. And things are only going to be getting worse from here. The #1 question … Read more
Could this be the kick-off to WW3 if the other avenues fail? Not much out there about this now. US giving another reason to control and keep petro dollar from failing. I look at it like this, China was making massive global moves and all our leaders were ignoring it. The pentagon has been … Read more
by Kimble Charting Are stocks receiving another dire warning, similar to the message received in 2000 & 2007? Very possible! This chart looks at the yield on the 10-year yield, inverted. This chart now resembles bond prices. The inverted yield has remained above a key support line for the past 25-years. In 2000 & 2007 the inverted … Read more
Payroll growth slows in November as labor market tightens Private payrolls grew by 179,000 in November, below Wall Street estimates of 195,000, according to ADP and Moody’s Analytics. The service sector added 163,000, led by professional and business services. Medium-size businesses were the biggest job creators. “This month’s report is free of significant weather effects … Read more
The U.S. Just Became a Net Oil Exporter for the First Time in 75 Years America turned into a net oil exporter last week, breaking 75 years of continued dependence on foreign oil and marking a pivotal — even if likely brief — moment toward what U.S. President Donald Trump has branded as “energy independence.” … Read more
‘Final outcome’: France to deploy 65,000 cops as protesters plan massive Saturday demonstration With protesters planning to converge in the Elysee Palace in Paris on Saturday, French authorities are preparing to deploy 8,000 additional officers in Paris and 65,000 nationwide. While Emmanuel Macron’s government has abandoned a controversial fuel tax hike, thousands of protesters are … Read more
by Thinker Hillary Clinton didn’t win, and so corruption is coming to and END Under MAGA!!! MANHATTAN (CN) – Three years after the leak of the Panama Papers exposed a worldwide network of tax-avoiding shell companies, federal prosecutors brought charges Tuesday against four men tied to the law firm Mossack Fonseca. Obtained by the German newspaper … Read more