European Commissioner for Competition Margrethe Vestager said Tuesday that the European Commission will finally close its legal investigation into Apple’s failure to pay back taxes to Ireland after the company paid €14 billion. Today Irish Minister of Finance @Paschald confirmed …
Mark Zuckerberg is selling up to $13 billion of Facebook shares to fund the Chan Zuckerberg Initiative, which has the audacious goal of curing, preventing, or managing all diseases “in our children’s lifetime.” Among the initiative’s projects are investments in …
by Chris Black Greece is a country in the European Union which serves as a point of entry for thousands and thousands of so-called refugees arriving on the Old Continent from Africa via boat. Today’ news is about a bleeding …
In early January there were 42 cryptocurrencies valued at >$ 1 billion. Today there are 15. pic.twitter.com/W1zAwv7UvX — Win Smart, CFA (@WinfieldSmart) September 10, 2018 https://twitter.com/OccupyWisdom/status/1038940150225661953 *SEC SUSPENDS TRADING IN BITCOIN TRACKER ONE & ETHER TRACKER ONE #Bitcoin $BTCUSD …What …
Levi Strauss Joins Gun-Grabbers, Giving $1 Million Dollars To Gun-Control Groups Already Funded By George Soros. Stock Fraud? Nike’s $15 BILLION Reasons To Anger Half Of Their Customer Base By Hiring Flag-Kneeler Colin Kaepernick As The Face Of Its 30 …
There is a massive gap in between the rich and the poor. In fact, there has never been such a large gap. The trouble is that a healthy and strong middle class is what builds a country. Without it, there …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Of the seven biggest, six have plunged by 78% to 92%. Cryptocurrencies and tokens are multiplying like rabbits: There are now 1,926 listed on CoinMarketCap.com, 500 more than early 2018. And even as the number of …
via Marketwatch: One of China’s largest conglomerates intends to completely exit its stake in Deutsche Bank AG and unload the vast majority of overseas investments it made in recent years, according to people familiar with the matter, a significant comedown …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Here’s my math when this “balance sheet normalization” will end. In August, the Federal Reserve was supposed to shed up to $24 billion in Treasury securities and up to $16 billion in Mortgage Backed Securities (MBS), …
News article: https://www.cnbc.com/2018/09/04/fidelity-offers-first-ever-free-index-funds-and-1-billion-follows.html Link to the funds: Fidelity ZERO Total Market Index Fund (FZROX) Fidelity ZERO International Index Fund (FZILX) Technically they only had $753.5M+$234.18M=$987.68M on August 31 but according to CNBC that’s good enough to round up to a billion. …
via Bloomberg: Some of the world’s wealthiest clans have been throwing their money into an esoteric piece of financial engineering that has Wall Street in its thrall. They’re called collateralized loan obligations, and they transform riskier company loans into bonds …
via dw: Beijing has promised to invest tens of billions in infrastructure projects across Africa. Both Chinese and African leaders have rejected claims that Beijing is trying to build a “new colonialism.” Chinese President Xi Jinping (above, with Somalian President Mohamed …
1.4 billion risk disease from lack of exercise: WHO PARIS (AFP) – More than 1.4 billion adults are putting themselves at heightened risk of deadly diseases by not getting enough exercise, doctors are warning, with global activity levels virtually unchanged in …
A new video produced by China’s military that features the People’s Liberation Army (PLA) showing off a wide range of the country’s latest military technology The just over two-minute video, called “I am a Chinese soldier” is an over the …
Are the price cuts in the high end luxury real estate market a WARNING sign to the rest of real estate? There are big changes happening in real estate today. We can see it happening all over the world, for …
From Bloomberg: Short positions against the so-called FAANG group of the largest U.S. technology stocks have surged by more than 40% in the past year as investors bet against some of the biggest drivers of the global bull market. Bearish investors …
From MarketWatch: Student loan borrowers spent billions on career training programs that failed to deliver. Roughly 350,000 students attended and graduated from either two or four year career-education programs in 2012 that were failing or close to failing certain government metrics, …
via vanityfair: Much of the language of JEDI, in fact, seems specifically tailored for Jeff Bezos. “Everybody immediately knew that it was for Amazon,” says a rival bidder who asked not to be named. To even make a bid, a provider …
via frontpagemag: New York City will be spending $2.06 billion on its Department of Homeless Services. There are 61,421 homeless people in the city which is spending $33,539 per homeless person. That’s only a little short of the starting salary of an FDNY firefighter at …
Tesla shares rise on report Saudi Arabia sovereign wealth fund has $2 billion stake Saudi Arabia’s sovereign wealth fund has acquired a significant position in Tesla shares, according to the Financial Times. The media outlet says the Saudi’s Public Investment …
by tosi-ebin I’m always surprised by how few people know about this. When a business owes you money but can’t send it to you, they may turn it over to the state. Each state holds onto that money and keeps …
by Egon von Greyerz The Sword of Damocles is hanging over the world economy, held only by a single hair of a horse’s tail. With such visible danger, the problem could have been fixed easily by either using a gold …
via Bloomberg: If you thought the slump in U.S. technology stocks was bad, take a look at Tencent Holdings Ltd. The Chinese Internet giant has tumbled 25 percent from its January peak, erasing about $143 billion of market value. That’s the …
via wral: LOS ANGELES — A property about to go on the market here consists of 157 acres of hilltop land in the coveted Beverly Hills 90210 ZIP code, a 10-minute drive from Rodeo Drive. With its 360-degree views, you can …
And then there’s this. Remember when you got trillions in free loans? https://books.google.com/books?id=7R4BsqCHPHEC h/t @RudyHavenstein
by Jim Quinn Interesting that Zuckerberg has been selling his stock like a madman. It’s almost as if he knew something bad was going to happen. Via Fox News Bad day on the stock market? Chances are it doesn’t compare …
https://www.cnbc.com/2018/05/23/uber-q1-financial-data-increased-sales-valuation-with-new-tender-offer.html This kind of growth is pretty much unprecedented at that scale of revenue. This is even more impressive when you consider that 2017 was a difficult year in terms of PR, and that they also gave up a lot …
via scmp: Divers off the South Korean island of Ulleungdo have discovered the fabled wreck of the Dmitrii Donskoi, a Russian warship that was sunk in 1905 and is rumoured to still contain 5,500 boxes of gold bars and coins said …
The case relates to the dominance of Google’s Android operating system, which is one of the world’s most popular mobile software systems. The EU has scrutinized that dominance, arguing that Google should look to make competition fairer and allow smaller …
Jeff Bezos Becomes the Richest Man in Modern History, Topping $150 Billion Jeff Bezos holds largest individual fortune since at least ’82 Gates trails Bezos by $55 billion Bloomberg wealth ranking Amazon CEO Jeff Bezos’ net worth tops $150B as …