Via Financial Times Credit Suisse has told staff that it will continue to hand out bonuses and pay rises as planned this year, despite the bank having to be rescued by UBS in a SFr3bn ($3.25bn) deal over the weekend. Shortly …
Republic Bank in what’s meant to be a sign of confidence in the banking system, the banks announced Thursday afternoon. Bank of America, Wells Fargo, Citigroup and JPMorgan Chase will contribute about $5 billion apiece, while Goldman Sachs and Morgan Stanley will deposit around $2.5 …
by Michael The widespread panic that we just witnessed is definitely not what the bureaucrats at the Federal Reserve were anticipating. Following the second largest bank collapse in U.S. history on Friday and the third largest bank collapse in U.S. …
The Bank of London is exploring the possibility of assembling an offer for SVB UK as start-up founders warn Jeremy Hunt that its collapse will "cripple" the British tech sector. The Bank of London's new finance chief, Gavin Hewitt, was …
Illustrates what a dangerous and unpredictable job this is: Rescue-team member Batuhan Tugen, who was trying to reach survivors in the wreckage in Hatay,##Turkey, was buried under rubble after debris fell on his team. His teammates rescued Tugen, who suffered …
#ECB to the rescue? #Italy's 10y yields on course to 5%. With public debts of almost €2.8tn, this will be expensive for Rome in the long term if yields remain this high for a long time. pic.twitter.com/tpOAaJzhP2 — Holger Zschaepitz …
https://twitter.com/OTerrifying/status/1600678028907991040
Two German-run migrant rescue ships carrying nearly 300 rescued people were waiting off the eastern coast of Sicily on Saturday, one with permission to disembark its most vulnerable migrants while the other’s request for a safe port has gone unanswered …
“The Biden administration’s recently announced plan to reduce student debt for borrowers who earn less than $125,000 is popular, according to recent polls. Unfortunately, the plan has a major legal flaw: The administration’s arguments for its executive power to make …
CBS News: the mom in Uvalde who police handcuffed, and who ran into the school to rescue her children, says that law enforcement called her with a threat: if she talked to the media about the police response she would …
by The Phoenix The dip buyers got annihilated yesterday. Stocks started the day up as traders “bought the dip” expecting that once again the Fed would intervene to prop the markets up. They were wrong, and stocks rolled over a dropped …
Over 100 men stranded on drill ship in Gulf during Ida, no rescue in sight: ‘Crying in the hallway’ More than 100 men say they are stranded on a drill ship in the Gulf of Mexico after Hurricane Ida battered …
Thirteen years ago, Afghan interpreter Mohammed helped rescue then- Sen. Joe Biden and two other senators stranded in a remote Afghanistan valley after their helicopter was forced to land in a snowstorm. Now, Mohammed is asking President Biden to save …
People think that Chinese will rescue the market like the western countries with buying the dip and other bullshit.. you’re getting it completely wrong.. they learnt that saving zombie companies will bring them toward the collapse in the long term …
Chinese police have gotten a bad rap in China, and so to clean up their image, there’s been a sincere effort from the government to get law enforcement to improve their behavior. And it seems to be working—when the cameras …
Can #QE really rescue the World? The powerful Bullard curve warns that Japanification is the result when ultra low interest rates are used. They encourage us to pile on debt!! #inflation may prove only a temporary blip @rbrtrmstrng @RealVision @ttmygh …
by confoundedinterest17 Not exactly a shocking headline since Argentina apparently loves to default on its foreign debt … or at least threaten to default. (Bloomberg) — Argentina is unable to repay its $45 billion debt with the International Monetary Fund under current …
via Reason: Buried inside the 600-page bill that’s ostensibly meant to provide pandemic relief is a provision requiring gig economy platforms to report information to the IRS about all users who earn at least $600 in a year. Previously, platforms …
Jack Davis from The Western Journal reports, Vice President Mike Pence spoke to members of the Coast Guard based in Portsmouth, Virginia, about duty and the commitment of those who serve the nation to put others ahead of themselves. https://www.youtube.com/watch?v=Dwg5P7r-WWE …
by Ambrose Evans-Pritchard via Gold Anti-Trust Action Committee (GATA) By Ambrose Evans-Pritchard The Telegraph, London Thursday, January 24, 2019 https://www.telegraph.co.uk/business/2019/01/24/imf-fears-political-rage… The International Monetary Fund has warned that the system of global cooperation that saved world finance in the 2008 crisis may break down if …
The stock market is anticipating positive news from the trade issues which have persisted and escalated throughout 2018. The hope is that the conflict will be reduced and confidence will be restored. U.S. stocks have come off their lows in …
by Chris I was tracking the futures before I went to sleep and after I woke up early this morning. I knew that a rescue mission was afoot by 10:00 p.m last night, but it began at 8:00. Okay, that’s …
by Chris The TPTB have lines drawn all over the beach apparently. They are desperately afraid of all sorts of things: People having access to the truth Markets finding their own way People deciding what to put in their …
by Chris One of the main points of overnight futures heavy lifting has to be to help Wall Street firms and other entities sell their unwanted product to somebody else. Going by the euphemisitcally polite name of “distribution” this is …
by Chris The truly boring part of this Kabukli theater known as the equity markets is seeing the same nonsense over and over again. As usual, after a day of heavy selling, “someone” did not even wait for the “”markets”” …
via Chris Mathhrews After a tumultuous October, investors are regaining their footing and counting on a safety net for stock values that may prove treacherous. One reason for renewed confidence has been that leading up to earnings releases, public companies …
by Chris With the futures down hard, it’s always good to keep an eye out for any and all rescue attempts. Many have been made over the past couple of weeks. Interesstingly they have all failed. Stock markets hate failures …
by Chris What does a rescue look like in a hyper-interconnected world of global “markets?” Well it looks like this…just for fun I’ve lined up the “markets” for Japan, the US, Europe generally and Germany specifically so that their times …
by Chris Yesterday’s “”market”” close saw an intense blast of market on close selling pressure. Lots of selling, and the various indexes in the US all closed right at or very near their lows. When speculators borrow money to put …
It’s about time… finally someone does a great job of explaining why President Trump’s plan is 100 times better and safer than Obama’s plan. Hopefully, whistleblower Jason Piccalo will go on TV and start screaming this to the public. I …