Update (1240ET): As the Senate vote gets a broader airing on newswires, Chinese tech stocks - including Alibaba, Baidu & JD.com - are taking a beating.
The printing presses are running at full speed as the Federal Reserve creates money out of thin air at an unprecedented rate. Peter Schiff recently appeared on Kitco News to talk about the impact of all money-printing, borrowing and government spendi
Yesterday, when digging a little deeper in the Moderna "coronavirus vaccine" press release and media frenzy, we asked if the company's market moving "news" of a coronavirus vaccine wasn't just one giant "bait and switch", especially with the company
Last night, as dozens of biotech companies rushed to issue stock following the massive spike in Moderna shares on some extremely preliminary trial results inspired the biggest short-squeeze in US equities since the beginning of May, we warned that Mo
With US stocks soaring to start the week on the combination of Powell's 60 Minutes affirmation that the Fed's money printer go BRRRRR to 11 (as Nomura's Charlie McElligott poetically puts it) coupled with favorable news of a coronavirus vaccine trial
Powell's promise to the American people that there is a "lot more [the Fed] can do", coupled with his 'explanation' that the Fed "prints money digitally", alongside the news that a tiny coronavirus vaccine trial showed promise, was enough to unleash
Gold extended its rally to a fresh seven-year high after the Federal Reserve warned of potential asset-price declines as an economic recovery could stretch through until the end of next year. Palladium jumped.
Sen. Dianne Feinstein (D-CA) got paid a visit from Federal agents which involved her husband, Richard Blum wanting information over her husband's decision to unload stock ahead of the coronavirus outbreak.
As the Nasdaq makes a new high for the year, the world outside the stock market timebomb is falling apart. For example the UN agency, The International Labour Organisation (ILO) reports that 1.6 billion jobs are at risk in the global economy.
On Tuesday, the US officially crossed over into some bizarro version of a crony, centrally-planned mandated pricing model that is anything but a market when the Fed started buying corporate bond ETFs for the first time ever
Speaking in a video conference organized by the Peterson Institute, turbo money printer Jerome Powell today reassured the market that negative rates are not something the Fed - which expanded its balance sheet by $2.6 trillion in the past two months
One of the world's biggest piles of oil money is taking some profits and planning to dump nearly $40 billion of assets on the market in the coming months in what Bloomberg described as a "historic" sale.
In a deal that would combine the two biggest meal-delivery players in the US at a time when the corona pandemic has sparked a surge in demand for their services...
"The recovery is going to be slow, with air traffic languishing at depressed levels for months," Calhoun predicted, according to Bloomberg. When asked if a major airline would fold, he replied "Yes, most likely."
Cutting to the chase, the market is now up 30% from its March 24 lows with the Nasdaq back in the green for 2020, and yet as Goldman pointed out earlier, there is now more confusion over what the market does next than in mid-March.
In an email this week, billionaire hedge fund manager Leon Cooperman detailed at least 11 reasons why he is concerned about the long-term implications of the coronavirus outbreak.
One week after Bank of America's Benjamin Bowler showed the one indicator that convinced him that another crash is coming, today the equity derivatives strategist doubles down...
Well, it's official: there won't be any "Buy American" op-eds by the Oracle of Omaha this time around. In fact, if anything, they will be titled simply "Sell."
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