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By Irina Slav Occidental Petroleum will cut certain employee salaries by 30 percent in response to the steep drop in oil prices, Reuters reported, citing an internal document. CEO Vicki Hollub … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Holy moly, what a mess. But here is our hilarious cartoon of Jerome Powell tearing out his hair. Gotta keep you sense of humor. Sunday at … Read more
by GoldCore ◆ Gold prices rose by 0.6% today as the Bank of England slashed rates in an emergency move to 0.25% and the ECB looks set to follow as … Read more
www.bloomberg.com/news/articles/2020-03-07/saudi-aramco-slashes-crude-prices-kicking-off-price-war Hope none of you bought on this “dip”. Oil will continue to drill. Opportunities for a bounce will happen but you will need to be patient while Russia, SA … Read more
OTTAWA—The Bank of Canada on Wednesday took a cue from the Federal Reserve and cut its benchmark interest rate by a half percentage point in response to mounting worries about … Read more
www.washingtonexaminer.com/polic…-obamacare President Trump struck a blow against his predecessor’s healthcare law by signing government funding legislation Friday that repealed major Obamacare taxes. Trump signed the bill only two days after a … Read more
By Tsvetana Paraskova Oilfield services provider Halliburton has notified the Oklahoma Office of Workforce Development that it would dismiss 800 employees, the Oklahoma agency’s spokesman David Crow tells The Associated Press, … Read more
By cutting companies disclosure requirements, investors are left with less information from which to make investment decisions…from Zero Hedge It looks as though the Securities and Exchange Commission isn’t happy enough just … Read more
By Nick Cunningham Halliburton announced that it would lay off 650 workers across four U.S. states due to the slowdown in shale drilling. The oilfield services giant blamed “local market conditions” for … Read more
The NY FED has had to inject upwards of $75 Billion into the REPO market in order to keep the system afloat. This also coincides with another Rate Cut! Find … Read more
via Zerohedge: Just hours ago, we reported that passenger vehicle sales in China showed their first tepid signs of recovery after a historic and record-breaking plunge in the country over the last … Read more
J.P. Morgan economists slash their outlook for second-quarter growth to just 1% from a previous 2.25%. The economists also change their view that the Fed’s next move was an interest … Read more
From Zero Hedge With the entire US agriculture sector facing a 1980s style farm crisis downturn and record debt levels, demand for new tractors is set to collapse as farmers hang … Read more
www.bloomberg.com/news/articles/2019-05-21/tesla-bear-case-price-cut-to-10-at-morgan-stanley-on-weak-sales MORGAN STANLEY: lowers its “bear case” on $TSLA to $10. pic.twitter.com/C0Ffug1ATx — Carl Quintanilla (@carlquintanilla) May 21, 2019 Ouch. Certainly seems to have hit the stock price a bit … Read more
By Tsvetana Paraskova Funds managed by T. Rowe Price, which was until recently the second-largest shareholder in Tesla after Elon Musk, significantly cut their holdings in the electric vehicle (EV) … Read more
via theguardian: An email shared with the Guardian by a Whole Foods employee cites the shift cuts as a ‘direct result of guidance from our regional team’ In response to public … Read more