Investment Watch Blog

HONG KONG (Reuters) – Alex To, one of Bank of America (NYSE:BAC)’s top rainmakers in Asia, has recently left the bank, three people with knowledge of the matter told Reuters. To, based in Hong Kong, was most recently the bank’s co-head of Asia Pacific investment banking. https://www.investing.com/news/stock-market-news/bank-of-america-loses-top-asia-banker-alex-to–sources-2849167

NEW YORK – “It stinks… we are the best city, but at the same time we are the dirtiest.” That’s how one New Yorker described the Big Apple, which could easily be described as the “Rotten Apple” as outdoor odor complaints are up throughout the city. https://www.fox5ny.com/news/has-the-big-apple-gone-rotten-odor-complaints-in-nyc-hit-all-time-high

HOW IT STARTED: Next mayor wants NYC to be even more of a ‘sanctuary’ for illegal immigrants. Every single one of the eight Democrats running for mayor vowed to protect illegal immigrants from deportation, solidifying the Big Apple’s often infamous status as a “sanctuary city.” * * * * * * * * Entrepreneur Andrew Yang, … Read more

Amazon.com AMZN 3.91%▲ Inc. said it filed a lawsuit against the administrators of what it says are more than 10,000 Facebook groups used to coordinate fake reviews of Amazon products. Those in charge of the Facebook groups solicit the reviews for items ranging from camera tripods to car stereos in exchange for free products or … Read more

Former Bill Clinton adviser Dick Morris predicted Tuesday on Newsmax TV’s “National Report” that former Secretary of State Hillary Clinton would run against former President Donald Trump in the 2024 presidential race. When asked if Trump will run in 2024, Morris said, “Yes, and he’ll be the Republican nominee. He will probably get it by … Read more

The San Francisco Unified School District (SFUSD) announced a new plan to focus on “student outcomes” on Monday and, buried within their update, is a link to a report from late June looking at the performance of the public school district’s students during the 2021-22 school year — and the statistics are abysmal. The percentages of students meeting key … Read more

by AssuredlyAThrowAway This is because the Henan branch of the Bank of China declared that people’s savings in their branch are now ‘investment products’ and can’t be withdrawn. This is not the first time the government of China has deployed weapons of war to quell a domestic protest. This situation, however, stands to be far … Read more

The Democratic-controlled chamber sent the bill to the Senate where its prospects are uncertain as it’ll require at least 10 Republican votes to pass. WASHINGTON — The House passed the Respect For Marriage Act Tuesday to codify legal same-sex marriage nationwide, fearing that the conservative majority on the Supreme Court will rescind the right after … Read more

Source: https://t.co/HVtC7WTbDG — The_Real_Fly (@The_Real_Fly) July 20, 2022 Mortgage demand dropped to a 22-year low as higher interest rates and inflation depressed homebuyer demand. — Markets & Mayhem (@Mayhem4Markets) July 20, 2022 https://twitter.com/NorthmanTrader/status/1549717039098519554 As predicted already a couple of months ago… #recession is now finally consensus pic.twitter.com/gdPO3GVLec — Ronnie Stoeferle (@RonStoeferle) July 20, 2022

Housing starts in China 👇 Anybody surprised that commodities are dropping like a stone? Chart @Lvieweconomics pic.twitter.com/8eMAOVnoS6 — Michael A. Arouet (@MichaelAArouet) July 19, 2022 China’s property developers are halting work on a growing number of home construction projects, as indicated by the gap between growth in the pipeline of new projects and current construction … Read more

https://twitter.com/WallStreetSilv/status/1549639731071303680 European Firms on Verge of Bankruptcy as Energy Crisis Deepens The energy crisis unfolding in Europe is starting to weigh on a growing number of the continent’s oil, gas, and utility companies. Uniper, Germany’s struggling natural gas utility giant, recently filed a bailout application to the government after facing significant financial challenges, according to … Read more

$ARKK vs dotcom bubble 👇 This chart simply continues to be amazing. Human nature does not change, only the bubbles change. Ht @t1alpha pic.twitter.com/bbc7KBpRNp — Michael A. Arouet (@MichaelAArouet) July 19, 2022 Nasdaq earnings yield – 5yr tip. NASDAQ now more expensive vs. 5-yr tip than before the sell-off pic.twitter.com/qJiqrAIHdD — Michael J. Kramer (@MichaelMOTTCM) … Read more

by Chris Black “We are going out of business more slowly than expected” and the stock jumps 5.7%. Amazing how a company that has never actually been cash flow positive can be worth a few hundred billion.  Of course that has always been the case with publicly traded companies.  The only real product is shares. … Read more

by Chris Black They have a physical tell!!!  >Individuals from both groups showed regular pupil dilation responses to both the light and dark images. >But then the researchers asked both groups to imagine the same images with their eyes open. Curiously, they found that the pupils of individuals with regular visual imagination would still contract … Read more

by Chris Black Those who posit the freedom of the individual against the power of the State ignore or deliberately misunderstand that it is neither the individual nor the modern State which drives the political agenda.  Both are more or less naked before the power of Capital. Here’s the thing, the individual is a political … Read more

by predictany007 Netflix (NFLX) reported its fiscal second quarter earnings on Tuesday after market close as the company battles ongoing inflationary pressures, increased competition, and an uptick in subscriber churn. The streaming giant’s Q2 subscriber numbers showed a narrower loss than expected, causing shares to surge more than 8% in after-hours trading. Revenue and adjusted … Read more