NEW YORK (CBSNewYork) — What insurance policy holders do in their daily lives may not be so private. If you’re posting any information publicly online, your insurance company could be using it to determine your coverage, CBS2’s Natalie Duddridge reported Thursday. …
SAN FRANCISCO—California’s economy is adding jobs far faster than affordable places to live, forcing some employers to leave the state as they expand. Companies that move from California have historically left behind its diverse industries, renowned public universities and balmy …
via CNBC: Executives at FedEx, BMW, UBS and others are describing bleak macroeconomic conditions, which they say are weighing on business. The head of UBS says it was “one of the worst first-quarter environments in recent history,” while FedEx cites …
by thrilldirectorial https://twitter.com/CaptalismCrime/status/1108010388908576771 Investment Banks own the entire world. To go even deeper, let’s take a look at the majority shareholders of each of these six corporations: They’re all the same. Institutional investment banks like BlackRock, The Vanguard Group, State …
via visualcapitalist: Nothing has transformed our economy quite like containerized shipping. From Rotterdam to Singapore, we see tangible evidence of the world’s bustling maritime shipping network as cranes load and unload uniform containers in a flurry of activity. The efficiency of …
The acquisition created the world’s biggest toll-road operator. But it was costly. One of the acquiring companies is now in trouble because its bridge collapsed, killing 43 people. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Recently acquired Spanish …
via Bloomberg: Wall Street banks and hedge funds are closing in on a fix that they hope will clean up an $8 trillion portion of the derivatives market that’s gained a reputation for being one of the shadiest corners in …
by Frank Holmes, CEO, U.S. Global Investors Last week I had the privilege of attending BMO’s 28th Annual Global Metals & Mining Conference in Hollywood, Florida, along with portfolio manager and precious metals expert Ralph Aldis. The BMO conference is an epic …
via wtxl: LAKELAND, Fla. (WFTS) — Nearly 1,000 health care workers have lost their license to practice in Florida because they can’t repay their student loans – a new crackdown potentially putting hundreds out of work, the I-Team found. The move to …
via NYT: Armchair investors have been selling stock. So have pension funds and mutual funds, as well as a whole other category of investors — nonprofit groups, endowments, private equity firms and personal trusts. The stock market is off to …
via CNBC: A letter from top U.S. officials and senators calling for a ban on Huawei-made solar equipment injects yet another complicated wrinkle in an ongoing and fierce series of tech disputes between the U.S. and China. Technology issues surrounding …
Disney, Nestle and “Fortnite” maker Epic Games have paused advertising on YouTube. Advertisers including Peloton and Grammarly are urging YouTube to resolve the latest content challenge. The move is a familiar black eye for Google-owned YouTube, which frequently battles content …
by howmuch The most innovative fintech companies have two things in common. They’re getting a lot of attention from investors, and they’re using technology to dramatically simplify financial transactions. That’s our conclusion from reading a new ranking from Forbes on the most …
by gingerwittasoul I just received “debt consolidation” offers from Crisp Funds and Whistler Funding. I found it odd they were essentially identical, seemed to offer too good to be true rates and had no Reg Z disclosures. In the little …
by Mac Slavo of SHTFplan Many companies across the United States are reeling from the tariffs imposed by China and president Donald Trump during the ongoing trade war. Even though there’s been a so-called “cease-fire” by both nations and tariffs aren’t going up, …
via caixinglobal: China is encouraging insurance companies to invest more of their $2.65 trillion of assets in securities as part of the government’s efforts to bolster liquidity and revitalize the gloomy capital markets. The commission wants insurance institutions to use their …
via @OccupyWisdom : 1/ INDEX INVESTING (Log scale & inflation adjusted) All the investment “experts” tout index investing: blindly buying 100s-1000s of minuscule positions, as ideal for the average investor. The below chart shows the sideways movement that this strategy leads to, …
Notable companies that have lowered guidance so far this month: AppleSamsungLGDelta SkyworksMacy’sKohl’sAmerican AirlinesConstellation BrandsLindtGoodyearFordSignet JewelersBungeStanley Black & DeckerIntel — Ticker History 🗞 (@TickerHistory) January 24, 2019 Sad part is that even these downgraded forecasts may be difficult to beat pic.twitter.com/onpdzUoHy3 …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Painful moment of truth for banks & investors. “Uncertainty over the accuracy of the companies’ books and disclosure of pertinent information”: Fitch Ratings. Defaults by Chinese companies on bonds they issued in China (“onshore” bonds, as …
via drmalcolmkendrick: Sometimes you read a thing quickly, and then you have to read it again to make sure you read it right. Yesterday I was sent a copy of a ‘Patient page’ from the Journal of the American Medical Association (JAMA). …
The ever decreasing right to privacy on the Internet is entirely by design, we need the right to compensation for gross violations by companies like Facebook and Google to slow the tide. via eff.org: It is not enough for government to …
Sean Higgins for the Washington Examiner reports, Trump economic adviser Kevin Hassett predicted Thursday that other companies would follow Apple in taking collateral damage in the ongoing trade war between the U.S. and China and downgrading their earnings projections. https://www.youtube.com/watch?v=U5kLpoYdkgg …
by Dr. Eowyn Although there are rules preventing banks and credit-card companies from seeing what customers are buying, if the New York Times has its way, those financial companies would begin to do just that. Not only would they see what we purchase, but the NYT would also have them monitor …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. To the white-knuckle end, 2018 has been a terrible roller coaster ride for Spanish supermarket chain Dia, once one of Europe’s biggest grocery chains. The firm’s shares, …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “It now appears bike sharing is the stupidest business, but the smartest brains of China all tried to get in,” Wu Shenghua, founder of 3Vbike, one of the many collapsed bike-sharing companies in China, told Reuters. “It …
The cannabis industry is projected to grow by more than 400% by 2021. It is the single fastest growing industry, with more than $40 billion in revenue expected. With so many different companies competing to be on top, we’re recognizing …
Zuckerberg is zuck’d: http://archive.is/wZOSt
