Archive for the 'Economy' Category
Boeing To Drawdown Full $13.8 Billion Revolver, Hinting At Imminent Bank Lending Freeze
March 11th, 2020Via: ZeroHedge: For that generation of traders out there who were following the market back in 2007/2008, instead of their high school or college GPA, they will recall that one of the key inflection points in the global financial crisis 12 years ago was when banks started pulling revolvers to preserve liquidity. Moments ago Boeing […]
Nick Begich on Coronavirus: “It Doesn’t Matter Whether It’s a Real Deal or Not. It’s Perceptually Real and the Impact Is Already Felt.”
March 11th, 2020Via: Dark Journalist:
Amazon Launches Business Selling Automated Checkout to Retailers
March 10th, 2020Amazon calls it: Just Walk Out: Just Walk Out technology enables shoppers to simply enter a store, grab what they want, and just go. Born from years of experience at Amazon Go, Just Walk Out uses a combination of technologies to eliminate checkout lines. We now offer retailers the ability to leverage this technology in […]
California: Is Failure of 2020 Prop. 13 Sign of a New Tax Revolt?
March 9th, 2020Via: Daily Breeze: Local governments of all kinds are accustomed to these measures passing, but perhaps no more. One reason may be lack of voter confidence that the tax dollars they approve actually end up going where elected officials say they are going. Again, while many votes remain to be counted, it is undeniable that […]
Markets Gap Down, Trading Temporarily Halted
March 9th, 2020Update: Bounce Off Session Lows After Restart, Dow 30, SP500 and NAS All Down 6% — Where’s PPT? Via: CNBC: Stocks tumbled on Monday as investors braced for the economic fallout from the spreading coronavirus, while a shocking all-out oil price war added to the anxiety. The Dow Jones Industrial Average tanked more than 1,800 […]
Gates-Funded Program Will Soon Offer Home-Testing Kits for New Coronavirus
March 8th, 2020Gates and coronavirus over here. Gates and coronavirus over there. Gates and coronavirus everywhere. See: Canada’s National Microbiology Lab in Winnipeg The initiative grew out of the Seattle Flu Study, a 2-year-old research project based at the University of Washington to track the spread of infectious diseases like influenza. Funded with $20 million from Bill […]
OIL DOWN 31%, S&P 500 LIMIT DOWN 5%
March 8th, 2020Holy shit. Via: Yahoo Finance: The world’s faltering effort to contain the coronavirus outbreak hammered stocks and crude oil on Sunday, as new cases surfacing across the U.S. amplified fears of a global downturn. Brent crude (BZ=F) prices collapsed, falling by as much as 31% on Sunday evening in what was the largest single-day drop […]
Global Air Traffic Set For Worst Year On Record
March 8th, 2020Via: ZeroHedge: Covid-19 has become a significant headache for the global air travel industry, according to a new report from Jefferies. In fact, it is about to become the biggest shock for airlines on record as global air traffic is expected to dive 8.9% this year as the global viral pandemic paralyzes transportation routes across […]
OIL DOWN OVER 7%
March 6th, 2020Update: Oil Closes Down 9.43% — Russia refuses to cut output. Via: Reuters: OPEC’s plans for deep and prolonged oil cuts were derailed on Friday as non-OPEC Russia refused to support the move arguing that it was too early to predict the impact of a coronavirus outbreak on global energy demand, sources told Reuters.
“Super Puke” – U.S. Stocks Crash As Credit Markets & Yields Collapse
March 5th, 2020*chortle* Via: ZeroHedge: ‘just one waffer-thin mint’…
