Monday , 20 May 2019

Tag Archives: economy

“WRONG!” – Trump Slams NYT Over Latest Deutsche Bank Story

Reacting to a New York Times story about Deutsche Bank staff flagging ‘suspicious’ activity in Trump’s and Kushner’s accounts, President Trump again blasted the “Failing New York Times” for daring to suggest that Trump only banked with Deutsche Bank and Capital One because other banks didn’t want to work with him. Repeating a prediction that the NYT will ‘pass away’ ... Read More »

Deutsche Bank Shares Hit All-Time Low After UBS Cuts Rating To Sell

With its hoped-for merger with Commerzbank in ruins, and the future of its investment bank uncertain, Deutsche Bank shares tumbled to a new all-time low on Monday after an analyst at UBS downgraded DB shares to a sell with a price target of €5.70 ($6.40) – that’s the second-lowest price target on Wall Street. After Monday’s selloff, shares aren’t far ... Read More »

Trump To Formally Launch Reelection Campaign Next Month: Axios

President Trump never really stopped campaigning. His MAGA rallies regularly dominate news cycles and rattle markets. But with a $30 million campaign war chest already at his disposal, and the Democratic primary already well underway, the president is preparing to formally launch his reelection campaign, which Axios reports will begin next month with a flurry of swing-state rallies. And it’s ... Read More »

Stocks Tumble As Huawei Boycott Erupts, Slamming Tech

When the semiconductor index was soaring in the past few weeks even as semi shipments and revenue forecasts plunged to the lowest since the financial crisis, many said that the market knew something other didn’t. In retrospect, the market was absolutely clueless and semi stocks and tech names are freefalling today following the overnight news that in the aftermath of ... Read More »

Google, Intel & Others Cut Ties With Huawei As Trade War Heats Up

The Commerce Department officially blacklisted Huawei and dozens of its affiliates Friday afternoon, and one business day later, we’re starting to see some major Western companies severing their business ties with Huawei, a trend that could have seriously dire consequences for the Chinese telecoms giant. Alphabet has announced that it will cut off Huawei Mobile’s access to most of its ... Read More »

Why Are “Parking Lots Full Of Mercedes SUVs” – All Eyes On The U.S. Truck Market

The shift in automotive production towards trucks, including minivans, CUVs, SUVs, and pickups, is at the very heart of the bull case for autos. As BlindersOffResearch’s Daniel Ruiz explains, the bull thesis is simple, as the new-vehicle-production mix shifts toward the very profitable truck segment and away from less profitable cars, automaker margins increase. To date, the bull case has ... Read More »

Russia Grinds Out Wins In Europe

Authored by Tom Luongo, Europe is finally coming to its senses five years after the coup in Kiev started what is now the new Cold War between Russia and the West. The first part of Russia’s win comes from Italian leader Matteo Salvini. Speaking for the under-represented in European politics, Salvini declared this week, “I continue to believe that we don’t ... Read More »

USAF Paints F-16 Jet With Russian Color Scheme For ‘Training Purposes’

Nellis Air Force Base’s Facebook page published a video of a General Dynamics F-16 Fighting Falcon Friday belonging to the 64th Aggressor Squadron in a new paint scheme that resembles Russia’s fifth-generation stealth fighter, reported The War Zone. “A new adversary has arrived. The GHOST is here! Be afraid!,” Nellis Air Force Base Facebook said. The new color scheme was chosen ... Read More »

Facebook Registers New Fintech Firm In Switzerland

Authored by Max Boddy via CoinTelegraph.com, Social media giant Facebook has apparently formed a new financial tech firm, Libra Networks LLC, according to a filing on the Geneva Commercial Register. image courtesy of CoinTelegraph Libra Networks was registered in Geneva on May 2 by Facebook Global Holdings II LLC. Per the official filing the firm provides: “…services in the fields of finance and technology, as ... Read More »

In Turkey, Many Celebrated As Notre Dame Burned

Authored by Uzay Bulut via The Gatestone Institute, The official Facebook page of Turkey’s pro-government daily, Sabah, for example, is filled with praise for the destruction of the cathedral. Sadly, Islamic supremacism not only targets the churches of Western Christians. It targets Yazidi, Zoroastrian, Buddhist and Hindu temples too. These religious minorities in the Muslim world are completely vulnerable, defenseless and ... Read More »