Wednesday , 18 September 2019

Finance

Furious WeWork Employees Blame CEO’s “Outsized Personality” For IPO’s Collapse

Furious WeWork Employees Blame CEO’s “Outsized Personality” For IPO’s Collapse Now that WeWork has finally acquiesced to growing chorus of investment firms and bankers calling for the company to shelve its deeply troubled IPO, which it did this morning (the offering is slated to take place in October “at earliest”), CEO Adam Neumann would like his employees, and the general ... Read More »

“The ‘Bots Are Coming For The Priests”

“The ‘Bots Are Coming For The Priests” Via Global Macro Monitor, Good, God! A mechanical ‘priest’ has recently begun conducting Buddhist prayers in Japan. It is not the first attempt to deliver religious teachings and advice through the use of a programmed machine. And Catholic Christians may soon find spiritual advice from a tiny 40-cm robot SanTO, developed by Gabriele ... Read More »

Markets That Live By The Fed, Die By The Fed

Markets That Live By The Fed, Die By The Fed Authored by Charles Hugh Smith via OfTwoMinds blog, The “everything bubble” is not permanent. All eyes are again on the Federal Reserve, as everyone understands that the Fed is the market– the stock market, the bond market, the art market, the housing market, etc. All markets have been driven higher by one ... Read More »

Trump Reveals His Top 5 Names To Replace John Bolton

Trump Reveals His Top 5 Names To Replace John Bolton President Trump Tuesday afternoon revealed to reporters his short list of candidates to replace former national security adviser John Bolton. He presented his “top 5 candidates” which had been whittled down from 15 he was previously reported to be considering.  Per Axios the finalists are: Top hostage negotiator Robert O’Brien Former deputy ... Read More »

Exit Polls Show ‘Dramatic Deadlock’ In Israel: Netanyahu Could Finally Go Down

Exit Polls Show ‘Dramatic Deadlock’ In Israel: Netanyahu Could Finally Go Down Exit poll numbers show Israeli Prime Minister Benjamin Netanyahu and his Likud party look to come up short in Tuesday’s major and historic snap election on which Netanyahu personally has a lot riding — not just cinching a record 5th term as prime minister, but his grand vision to annex key swathes ... Read More »

Japan Increases Lead Over China As Largest Foreign Holder Of U.S. Treasurys

Japan Increases Lead Over China As Largest Foreign Holder Of U.S. Treasurys For much of 2019, many were wondering if, or rather when, as a result of the ongoing trade war, China would lose its status as the largest US foreign creditor. The answer was revealed last month, when in June, Japan finally surpassed China as the top foreign US ... Read More »

WTI Extends Losses After Surprise Crude Inventory Build

WTI Extends Losses After Surprise Crude Inventory Build Oil prices traded down today on the back of confidence Saudi comments about the pace of recovery from the attack on its largest refinery. “During the two past days, we managed to contain the damage by recovering more than half of the production that we had lost during that terrorist attack,” Energy ... Read More »

Today’s “Watershed” Repo-calypse Is “One Of The Worst Things That Can Happen”

Today’s “Watershed” Repo-calypse Is “One Of The Worst Things That Can Happen” While it is being ignored by most (because the S&P didn’t crash), the chaos in the Fed-controlled short-term liquidity markets should panic everyone as for the first time in a decade, NYFRB was forced to inject liquidity for o/n repo… Source: Bloomberg Repo rates kept rising despite the ... Read More »

‘Belwether’ FedEx Shares Tumble After Slashing Outlook, Blames Trade War

‘Belwether’ FedEx Shares Tumble After Slashing Outlook, Blames Trade War FedEx shares are down 8% after hours following a cut to its earnings outlook. The belwether noted that operating results declined primarily due to weakening global economic conditions, increased costs to expand service offerings and continued mix shift to lower-yielding services. “Our performance continues to be negatively impacted by a ... Read More »

Lewandowski House Testimony Descends Into Congressional Slugfest

Lewandowski House Testimony Descends Into Congressional Slugfest A House Judiciary Committee meeting rapidly descended into chaos, as chairman Jerrold Nadler (D-NY) and other Democrats traded barbs with former Trump campaign manager Corey Lewandowski.  “Sadly, the country spent over three years and 40 million taxpayer dollars on these investigations. It is now clear the investigation was populated by many Trump haters who ... Read More »