Independent thinking for complex markets and current events
https://twitter.com/dom_lucre/status/1799926006712799401 A millionaire banker who was filmed punching a woman in the face in Brooklyn, New York last month has turned himself in to cops. Jonathan Kaye, 52, surrendered to the police on Monday, reported ABC News. Kaye had earlier resigned from his role at Moelis& Co investment bank under massive backlash over the video. …
Foreign investment into China dropped for a 4th consecutive month in April. Inbound investements into China are as low as during the onset of the Covid crisis as the country struggle to attract foreign funds. pic.twitter.com/k8Zvr8NPW5 — Global Markets Investor (@GlobalMktObserv) May 27, 2024 China’s big housing rescue aims to build on smaller efforts that …
Can you believe this? $7.5 billion of taxpayers’ hard-earned money flushed down the drain, and what do we have to show for it? Eight measly charging stations. It’s an absolute disgrace. With the urgent need to transition to cleaner energy sources, this snail-paced progress is unacceptable. The Biden Administration needs to be held accountable for …
Authored by Brandon Smith via Alt-Market.us, One of the more difficult aspects of working in economic analysis is the problem of rampant disinformation that you have to dig through in order to get to the truth of any particular issue. In this regard, economics is very similar to politics. The propaganda is endless and debunking it …
via Mike Shedlock China’s reliance on nonproductive debt for growth has been obvious for years. But let’s go over why that is so. 1/5Pekinology's very useful translation of Lan Xiaohuan on China's local government competition and overcapacity provides almost a definition of what the consequences are of a large and growing part of the Chinese …
EM investors are staying away from China. via Goldman Sachs pic.twitter.com/S5ZAzFhkcK — Daily Chartbook (@dailychartbook) April 2, 2024 #recession … #GFC2 China $USD #Liquidity Squeeze edition No mystery why the Chinese yuan is under pressure from the US #Dollar…#fx #forex $CNY $USDCNY 👀 https://t.co/eMWVIu9dL2 pic.twitter.com/2dqe3y1o1H — Invariant Perspective (@InvariantPersp1) April 2, 2024
The U.S. Department of Energy is investing $60 million to demonstrate the efficacy and scalability of enhanced geothermal systems to help tap into the heat trapped underground, which can be used as clean, renewable energy. The agency selected three projects to receive the funds — Chevron New Energies, Fervo Energy, and Mazama Energy. Chevron’s pilot …
🚨BREAKING: BANK DOWNGRADES🚨 ** @SPGlobalRatings Downgrades 5 Major Regional Banks Due to High Exposures to CRE loans – @SPGlobalRatings lowers outlook on First Commonwealth, M&T Bank, Synovus, Trustmark, & Valley National Bancorp. pic.twitter.com/EdfpKjTsFy — The Coastal Journal (@1CoastalJournal) March 27, 2024 🚨BREAKING: BARCLAYS 📉@SPGlobalRatings lowered the long-term rating components on Barclays Capital Inc.'s – Barclays …
A conservative fund manager has pulled investments from Tyson Foods, saying the meat and poultry giant has alienated its consumers by laying off Americans workers and hiring 42,000 asylum seekers. Bill Flaig, CEO and co-founder of the $79 million American Conservative Values Fund (ACVF), told DailyMail.com that he has divested from Tyson and won’t buy …
Donald Trump is now to the left of President Biden when it comes to TikTok – with Biden telling reporters recently that if Congress passes a bipartisan proposal that could ban the Chinese-owned video-sharing app on national security grounds (whether it actually poses a threat or not), “I’ll sign it.“ The comment came after the House Energy and Commerce …
Source: https://www.sec.gov/files/rules/final/2024/ia-6546.pdf TLDRS SEC adopts amendments to enhance private fund reporting including those also registered with the CFTC. The amendments to Form PF will enhance reporting by large hedge fund advisers on various aspects such as investment exposures, borrowing, counterparty exposure, risk metrics, and investment performance to improve insight into fund operations and strategies, and enhance …
China has overtaken India as the world’s number 1 consumer of gold jewellery. China understands the era of gold very well. — Gold Telegraph ⚡ (@GoldTelegraph_) February 3, 2024 China’s gold rush: world-leading jewellery surge shows how other investments have lost their shine China has overtaken India as the world’s No 1 consumer of gold …
Bitcoin and other cryptos are so volatile and hard to value that buying them is closer to gambling than investing, David Rosenberg says. Stocks are a claim on a company’s future cash flows, bonds and savings accounts pay out interest, while commodities have industrial uses and demand for them can be modeled using economic data, …
by HighYieldLarry In America, the crisis is never over because it’s never solved. It is just patched and kicked down the road.
Here is a list of companies pulling their ads from X in an attempt to blackmail Elon Musk – Apple– Disney– Washington Post– Paramount– NBC– Marvel– IBM– Sony Pictures– CBS– The Colbert Show– Comcast– Lionsgate– Warner Bros. Discovery Is it time to boycott them? pic.twitter.com/CYzaBq4LRx — TaraBull (@TaraBull) November 30, 2023
Central banks are stuck, and the way governments handle money is causing trouble. Many people who suggest where to invest don’t have much gold in their plans right now. But, history shows that big money sources are starting to change and invest more in gold, making it a really good opportunity to consider. My thesis …
Japan’s SoftBank hit with $6.2B quarterly loss as WeWork, other tech investments go sour Tokyo-based SoftBank loss totaled 931 billion yen ($6.2 billion) in the last quarter, a reversal from the 3 trillion yen profit it posted in the same period a year earlier. …. That has been highlighted by the troubles at WeWork, which …
Vanguard, a global investment giant, has made a decisive move to withdraw from China by finalizing severance agreements with its remaining Shanghai staff, including country head Luo Dengpan. This exit follows a series of disputes, and China’s retaliatory measures, such as exit bans, raids, and arrests of foreigners, raise concerns about its investment climate. Vanguard …
A MEASURE of foreign investment into China turned negative for the first time since records began in 1998, highlighting how foreign companies are pulling money out of the country due to geopolitical tensions and higher interest rates elsewhere. China’s direct investment liabilities in its balance of payments declined by US$11.8 billion in the third quarter, …
The Church of Jesus Christ of Latter-day Saints engaged in the scheme for more than 20 years. The Church of Jesus Christ of Latter-day Saints and a nonprofit entity that it controlled have been fined $5 million by the Securities and Exchange Commission over accusations that the religious institution failed to properly disclose its investment …
Mortgage rates are now officially TRIPLE where they were just 2 years ago. However, the median sales price of a home continues to rise. Affordability is so bad that not even investors can afford to buy. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) October 17, 2023 US …
Investment Grade Corporate Bond ETFs experienced their 2nd highest monthly outflows in history last month 👀😱 pic.twitter.com/kIch4yy52b — Barchart (@Barchart) October 12, 2023 Fed governor Chris Waller compares the run-up in Treasury yields to the bank stress events from March. The Fed dialed back planned hikes after the SVB-initiated bank stress. "Now, once again, financial …
via nationalreview: Then-Vice President Joe Biden’s office exchanged 19,335 emails with Hunter Biden’s investment firm Rosemont Seneca, a Freedom of Information Act (FOIA) request revealed Tuesday. The emails call into question President Biden’s repeated claims that he never discussed business with his son. Former Hunter Biden business associate Devon Archer previously testified that then–vice president …
On Friday’s broadcast of the Fox Business Network’s “Maria Bartiromo’s Wall Street,” Select Committee on the Chinese Communist Party Chairman Rep. Mike Gallagher (R-WI) argued that there are “startling parallels” between the investments in subprime mortgages in 2008 and American investments in China and argued that businesses are not sufficiently disclosing or factoring in the …
Much of this can be attributed to the large drop in U.S. Treasury prices. However, it’s all so a general flight away from U.S. Treasury holdings as we have seen in China. There are a lot of moving parts here. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) …
“For an extended period, Wells Fargo allegedly imposed fees higher than necessary on nearly 11,000 investment advisory accounts, totaling around $27 million, as asserted by federal regulators on Friday. The Securities and Exchange Commission’s assertion is that Wells Fargo’s charges were unduly elevated. Wells Fargo, without acknowledging or refuting the SEC’s accusations, consented to pay …
This is fine: https://twitter.com/multi_finance/status/1683202109150494723 h/t Simian_Stacker
Very interesting video…. https://twitter.com/_/status/1681573098217254912 You are going to see a lot of restrictions soon with this Travel by car and plane Food will be less varied and abundant You will need a garden Manufacturing will be restricted Anythin that emits carbon will be restricted Earlier today, I drove around Toronto attending meetings about climate change. …
by scott_jr Citigroup CEO Jane Fraser: “The long-awaited rebound in investment banking has yet to materialize, making for a disappointing quarter.” Trading, which was stronger earlier in the year, also turned weaker. Citigroup’s revenue from that business fell 13%. JPMorgan’s revenue associated with trading equities and fixed income also dropped. “Most of the investors …
