Hawkish Fed Minutes Hammer Stocks, Bonds, Gold, & Oil
Hawkish Fed Minutes Hammer Stocks, Bonds, Gold, & Oil An ugly home sales print (but record April home prices) combined with declining traffic and smaller spend data from Target threw some shade on the market early on but it was the FOMC Minutes that sparked the waterfall with their more hawkish comments. For any and […]
There Sure Has Been A Lot Of “International Intrigue” Lately…
There Sure Has Been A Lot Of “International Intrigue” Lately… Authored by Michael Snyder via The End of The American Dream blog, World leaders have been targeted quite frequently this month, and that should deeply alarm all of us. I think that all of this geopolitical instability is a sign that there is far more […]
Nvidia Explodes Higher After Blowing Away Estimates, Guiding Sharply Higher, Unveils 10:1 Stock Split
Nvidia Explodes Higher After Blowing Away Estimates, Guiding Sharply Higher, Unveils 10:1 Stock Split As discussed in our preview, Nvidia has been called the mother of all earnings — the “single most important stock on the planet” according to Goldman – and for good reason: it accounts for 5% of the S&P. This morning, Mizuho’s […]
Biden Cancels Another $7.7 Billion In Student Debt For 160,000 Borrowers
Biden Cancels Another $7.7 Billion In Student Debt For 160,000 Borrowers Authored by Naveen Athrappully via The Epoch Times, President Joe Biden announced his latest student loan forgiveness plan by canceling $7.7 billion in debts, taking the total amount of such loans canceled under his administration to $167 billion. “Today, my Administration is canceling student […]
China’s Stock Rally Still Misses One Crucial Piece
China’s Stock Rally Still Misses One Crucial Piece By Henry Ren, Bloomberg markets live reporter and strategist Chinese stocks have rebounded yet local retail traders are still holding back. That’s bad news for a rally that’s looking increasingly stretched. In Hong Kong, aggressive buying by foreign funds has lifted the Hang Seng Index by 18% since the […]
Bankrupt Red Lobster Proves “All You Can Eat” In An Obese Country Isn’t A Good Idea
Bankrupt Red Lobster Proves “All You Can Eat” In An Obese Country Isn’t A Good Idea Red Lobster’s bankruptcy report is revealing details about how the chain, famous for trying to turn a profit selling “all you can eat” shrimp to a country that has gotten so fat it needs to occupy two seats on […]
Japanese Stocks Propped By Record Buybacks
Japanese Stocks Propped By Record Buybacks By Momoka Yokohama, Bloomberg markets live reporter and strategist Japan is seeing a record run of stock buybacks that’s supporting investor sentiment after a stalled rally, and accelerated repurchases ahead of upcoming shareholder meetings may provide a fresh tailwind for the market. Topix-listed companies announced a combined ¥6.3 trillion ($40 billion) […]
Hamas Leader Attends Raisi’s Funeral In Tehran, Overseen By Ayatollah Khamenei
Hamas Leader Attends Raisi’s Funeral In Tehran, Overseen By Ayatollah Khamenei Tens of thousands of Iranians have filled up Tehran’s streets on Wednesday for a massive funeral procession for President Ebrahim Raisi and seven other officials who died in Sunday’s helicopter crash. Iran’s Supreme Leader Ayatollah Ali Khamenei led funeral prayers for the deceased, which […]
Charges Dropped Against New Jersey Gym Owner Who Defied Strict COVID Lockdown Rules
Charges Dropped Against New Jersey Gym Owner Who Defied Strict COVID Lockdown Rules Authored by Katabella Roberts via The Epoch Times (emphasis ours), Ian Smith, co-owner of Atilis Gym in New Jersey, at a Freedom Plaza rally in Washington on Dec. 12, 2020. (The Epoch Times) The owner of a gym in New Jersey who […]
Lamborghini Recalls Urus SUV Over Risk Hoods Fly Open At High Speeds
Lamborghini Recalls Urus SUV Over Risk Hoods Fly Open At High Speeds Lamborghini has detailed in a safety recall report filed with the National Highway Traffic Safety Administration (NHTSA) that over 2,000 of its $200,000 SUVs are at risk of the hood flying open at high speeds. Lamborghini’s Part 573 Safety Recall Report affects 2,133 Urus vehicles. This […]