billion
Biden gives Iran a $6 billion payday
President Joe Biden’s decision to unfreeze $6 billion in Iranian oil revenues is intended to bribe the world’s leading state sponsor of terrorism to release hostages. Iran has unsurprisingly hailed this deal, which will bring it substantial benefits, as one of “honorable diplomacy.” But it contradicts decades of U.S. counterterrorism policy centered on the understanding …
Michael Burry bought $1.6 billion in $SPY and QQQ puts, but the real value is much lower, not the amount paid.
Due to the way options are reported, this is a common misconception. Calculated portfolio weighting for options is incorrect because nominal value is reported. Nominal value is calculated as "the number of option contracts" × 100 × "the value of the underlying security." 2/6 pic.twitter.com/6nxCuBDDtK — The Kobeissi Letter (@KobeissiLetter) August 14, 2023 However, in …
Actor Rob Schneider Is a Bit Skeptical About Two Billion EPA-Approved GMO Mosquitoes Being Released
What could go wrong with releasing 2 BILLION GMO mosquitoes?! When they bite people what exactly is going to be mosquito-injected into people? Don’t worry… I’m sure the Government and Bill Gates have our best interests in mind. What could go wrong with releasing 2 BILLION GMO mosquitoes?! When they bite people what exactly is …
Iran releases 5 jailed US citizens to house arrest in exchange for $6 Billion
DUBAI, United Arab Emirates (AP) — Iran has transferred five Iranian Americans from prison to house arrest in exchange for billions of dollars frozen in South Korea, US and Iranian officials said Thursday, in a deal that comes after months of heightened tensions between the two countries. Iranian officials at the United Nations confirmed the …
Borrowing from the Bank Term Funding Program hit a NEW all time high–the 10th consecutive week above $100 billion!
by Dismal-Jellyfish What we are monitoring: Bank Term Funding Program (BTFP) Discount Window/Primary Credit “Other Credit Extensions” I hope to shed light on the recent uptick in borrowing due to an attempt to offset the initial shrink in M2 and dip in deposits. Buckle up! Bank Term Funding Program (BTFP): https://www.federalreserve.gov/releases/h41/20230810/ https://fred.stlouisfed.org/series/H41RESPPALDKNWW 781.1%!!! Date …
Phil Mickelson has wagered more than $1 billion
“He said based on his detailed record and additional records provided by sources, Mickelson’s gambling between 2010 and 2014 included: — Betting $110,000 to win $100,000 on 1,115 occasions, and betting $220,000 to win $200,000 on 858 occasions. That alone comes out to just over $311 million. — Mickelson in 2011 made 3,154 bets for …
Mega Millions $1.58 Billion Jackpot Won By One Ticket In Florida… You can choose a $1.55 billion over 29 annual payments, or a cash lump sum of approximately $752.2 million, per Reuters. Which do you choose?
https://www.megamillions.com/ https://www.megamillions.com/News/2023/Estimated-Mega-Millions%C2%AE-Jackpot-Now-at-$1-58-Bill.aspx $1.58 Billion annuity prize paid out in 30 yearly installments. That is = $783.3 million lump sum cash prize. There is someone in Florida who is very happy tonight. . . Edited to add this Mega Millions Press Release about the win: https://www.megamillions.com/News/2023/Smashing-Jackpot-Run-Ends-With-Big-Florida-Win.aspx “Smashing Jackpot Run Ends With Big Florida Win RELEASE DATE: …
Report: Biden to Ask for Another Ukraine Aid Package ‘North of $10 Billion
President Joe Biden will soon ask Congress for a Ukraine aid package that could exceed $10 billion, a report released Tuesday found. Punchbowl News reported the Ukraine aid battle will resume when Congress returns from recess. The incoming request, which could be “north of $10 billion,” follows as Ukraine continues its slow-moving counteroffensive against Russia, …
European Companies Lost Over €100 Billion on Russia Amid War
by Martin Armstrong The Financial Times estimates that European companies have lost at least €100 billion ($110 billion) since the Russia-Ukraine war began. Around 176 European companies noted significant losses in their fiscal year reports for 2022, and the future remains grim as tensions continue to grow. Naturally, energy-related industries faced half of those losses, followed by …
Hedge funds have lost more than $6 billion this year betting against cruise lines and hotels after underestimating the resilience of US consumers
Hedge funds have lost more than $6 billion this year betting against cruise lines and hotels after underestimating the resilience of US consumers. — unusual_whales (@unusual_whales) August 7, 2023 They should double down now and I’m sure they will
Australia is going “cash free”. Gov took $1 billion worth of notes out of circulation
Without warning all 4 major banks began limiting cash withdraws in various cities Making some branches “cash free” Gov took $1 billion worth of notes out of circulation People are unable to withdraw more than $500 It’s happening WARNING: Australia is going “cash free” W/out warning all 4 major banks began limiting cash withdraws in …
$500m fire sale: Lenders begin to break up Jean Nassif’s crumbling empire… German property giant Vonovia slips to $2.1 billion loss as sector struggles
More than $500 million worth of major Sydney housing development projects are poised to hit the market as fugitive Jean Nassif’s failed property empire is rapidly dismantled by major lenders seeking quick sales to recoup debt. Thousands of anxious apartment owners living in Toplace buildings are concerned that nothing will be left over for them …
Berkshire Hathaway’s operating earnings rise nearly 7%, cash pile approaches $150 billion
The Omaha-based conglomerate’s operating earnings totaled $10.043 billion last quarter, 6.6% higher than the figure from the same quarter a year ago. Net income totaled $35.91 billion, compared with a $43.62 billion loss during the second quarter last year. Berkshire’s massive cash pile grew to $147.377 billion at the end of June, near a record …
Wall Street Giants Expect $8.9 Billion Hit From Bank Failures
https://archive.ph/BIDql#selection-5157.0-5165.245 Article: The biggest US lenders expect to pay almost $8.9 billion to help replenish the US government’s bedrock Deposit Insurance Fund after it was tapped to backstop uninsured depositors at Silicon Valley Bank and Signature Bank. Citigroup Inc. expects to contribute as much as $1.5 billion to the Federal Deposit Insurance Corp.’s pot that was depleted to …
Apple’s market valuation plunges $140 BILLION in a day and drops back below the $3T mark after company warned of slowdown in iPhone sales
Apple has lost its title as the world’s only company with a market valuation of $3 trillion, after the company warned it was headed for a fourth straight quarter of declining sales. Shares of Apple closed down 4.8 percent at $181.99, wiping more than $140 billion off the company’s market capitalization, in the stock’s biggest …
Bidenomics! Ford Will Lose $4.5 Billion On EVs This Year, Up From $2.1 Billion Last Year (Ford DOWN -48% Since January 2022, GM DOWN -40% As Fed Withdraws Stimulus)
by confoundedinterest17 Bidenomics, the term for “Government Gone Wild! in terms of spending and EPA regulations, is a disaster for the US middle class and low wage workers. Even the 1% are now hurting if bought into Biden’s green lunacy. Ford is now down -48% since January 14, 2022 as The Fed started raising rates …
Apple Card’s Savings account blows past $10 billion in deposits (that likely means $10B in capital flight from banks paying a piddly .15% on checking accounts)
via dnyuz: Well, that didn’t take long. Like Threads before it, the network effect is at work for Apple’s new Savings account! Tech. Entertainment. Science. Your inbox. Sign up for the most interesting tech & entertainment news out there. Email: SIGN UP By signing up, I agree to the Terms of Use and have reviewed the Privacy Notice. …
June saw the 13th consecutive monthly net outflow for hedge funds, with investors removing $13.12 billion.
by Dismal-Jellyfish Source: https://www.evestment.com/news/hedge-fund-industry-asset-flow-report-june-2023/ Highlights: June 2023 witnessed the 13th straight month of net outflows in the hedge fund industry. June’s redemptions were lighter compared to previous years, with an estimated net $13.12 billion taken out, though it still resulted in the industry’s assets growing by $39.5 billion to approximately $3.439 trillion. Historically, June is …
Hungarian Foreign Minister Says EU Expects To Fund War In Ukraine For Another Four Years …at a cost of €5 billion a year.
Hungarian Foreign Minister Says EU Expects To Fund War In Ukraine For Another Four Years …at a cost of €5 billion a year. ❗️FM Szijjártó: The European Union thinks that there will be war in Ukraine for another four years. How many people will die in four years? How many Hungarians will die in four …
BLUE CITY BLUES: Portland’s Multnomah County lost $1 BILLION from 2020-2021, as high earners left city amid riots, pandemic.
via thepostmillennial: According to an analysis of data from the Internal Revenue Service by The Oregonian from income tax returns filed in 2020 and 2021, Multnomah County lost a net 14,257 tax filers and their dependents, many of whom were high earners who could do jobs remotely, resulting in a net income loss of over …
Treasury Alert! $1.859 trillion is what Treasury expects to borrow the rest of the year. For the 3rd quarter, Treasury expects to borrow $1.007 trillion in privately-held net marketable debt. For the 4th quarter Treasury expects to borrow $852 billion in privately-held net marketable debt.
by Dismal-Jellyfish Source: https://home.treasury.gov/news/press-releases/jy1662 The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing[1]for the July – September 2023 and October – December 2023 quarters. During the July – September 2023 quarter, Treasury expects to borrow $1.007 trillion in privately-held net marketable debt, assuming an end-of-September cash balance of $650 billion.[2] …
Ford set to lose $4.5 billion on electric vehicles this year, despite increased revenue
Ford Motor Company announced it is projected to lose a whopping $4.5 billion from electric vehicles (EVs) this year, up from the previous projected loss of $3 billion. The company released its second-quarter financial results on Thursday. The U.S.-based automaker’s EV division, called “Ford Model e,” has lost $1.8 billion so far this year, according …
The Federal Reserve has $910 billion in losses
by Simon Black The Federal Reserve– the most critically important central bank in the world– is completely, hopelessly insolvent. This isn’t some wild conspiracy theory or overly dramatic interpretation of the facts; we’re extremely data-focused in this organization and base our conclusions on indisputable, open-source figures. And the facts in this case are crystal clear: …
A BILLION HERE AND A BILLION THERE…: Meta’s Reality Labs has now lost more than $21 billion since the beginning of last year.
“Meta said in its earnings report that it expects operating losses in its Reality Labs unit ‘to increase meaningfully year-over-year due to our ongoing product development efforts in augmented reality/virtual reality and investments to further scale our ecosystem.’” https://www.cnbc.com/2023/07/26/metas-reality-labs-has-now-lost-more-than-21-billion.html
Regulators just unveiled new proposed regulations for banks with more than $100 billion in assets
Regulators just unveiled new proposed regulations for banks with more than $100 billion in assets Big banks would need to maintain more capital to protect against losses in lending, trading, and derivatives. Do you think big banks need to be regulated more closely? — Genevieve Roch-Decter, CFA (@GRDecter) July 27, 2023 pic.twitter.com/ilL6hX9DzN — Genevieve Roch-Decter, …
Senator Rand Paul Accuses the Government of Fraud in $113 Billion Sent to Ukraine; RFK shares truth about Russia war.
Senator @RandPaul Accuses the Government of Fraud in $113 Billion Sent to Ukraine “It is impossible to send this much aid this fast into wartorn Ukraine without waste, fraud, and abuse,” asserted Senator Paul. “Yet we are told by departmental inspector generals that they have… pic.twitter.com/sXu9ne6bld — The Vigilant Fox 🦊 (@VigilantFox) July 27, 2023 …
U.S. Military Aid to Ukraine Hits $43+ Billion as Fresh Tranche Approved Biden administration announced Tuesday it is sending up to $400 million
The Biden administration announced Tuesday it is sending up to $400 million in additional military aid to Ukraine, taking the total U.S. contribution since the conflict began last year past $43 billion. AP reports a variety of munitions for advanced air defense systems and a number of small, surveillance Hornet drones, were included in the …
$78 billion withdrawn from commercial banks last week (7/5-7/12). $869 billion in deposits has been pulled since the all time hit 4/13/22. With the FDIC announcement today banks aren’t reporting their uninsured deposits correctly, will this re-accelerate the bank run already picking up pace again?!?
by Dismal-Jellyfish I would like to review a few items this morning: Commercial deposit withdrawals Bank Term Funding Program (BTFP) making up for gaps Todays notice from FDIC banks aren’t correctly reporting the amount of deposits they have that aren’t covered by federal insurance*. \When banks incorrectly report uninsured deposits, it could create a perception …