Markets Headlines

  • The Wireless Power Grid: More Than A 100 Years In The Making

    Authored by Julieanne Geiger via OilPrice.com, If you can imagine a massive, horrifying beast with some 6 million miles of tentacles that costs up to $33 billion to feed and $5 trillion to replace, then you can imagine the U.S. electricity grid. But it’s a beast that can possibly be vanquished, finally. How? Magnetic induction and resonant coupling. Imagine a future where you can charge your electric vehicles while in motion using a charging mechanism built into the road on which it drives....

    @zerohedge
  • Wild Footage Of Mugabe's Son Drenched In Diamonds, Right Before Zimbabwe Coup

    Days before the military coup d’état in Zimbabwe, one of Mugabe’s sons uploaded a snapchat displaying his £45,000 diamond watch with £200 champagne, according to Daily Mail. The story went viral fueling anger of Zimbabweans as the country suffers from an economic collapse with a 95% unemployment rate. The video shows Chatunga Bellarmine Mugabe in a South African nightclub pouring bottles of expensive champagne onto his diamond watch. Both of Mugabe’s parasitical elite sons are living the...

    @zerohedge
  • Thanksgiving Travel: Trump's Holiday Gift Is More Invasive Airport Security

    Authored by James Bovard, op-ed via USAToday.com, Federal groping-on-steroids is not making flying safer. TSA is a farce and a menace, and should be privatized... On the campaign trail last year, Donald Trump derided the Transportation Security Administration as a “total disaster.” But his administration is making TSA more intrusive and abusive while its 42,000 screeners remain as incompetent as ever.  New TSA screening guidelines will likely make Thanksgiving travel a disaster for legions of...

    @zerohedge
  • Trump Administration Ends Immigration Protections For Haitians Displaced By 2010 Earthquake

    In a decision that was widely anticipated, the Trump administration has decided to end immigration protections for Haitians who migrated to the US following a devastating earthquake that laid waste to Haiti back in 2010.Now, the 50,000 Haitians still living in the US under the protections have 18 months to leave, according to the Department of Homeland Security. As the Washington Post pointed out, the decision was made to appease immigration hard-liners who insist the program was never intended...

    @zerohedge
  • Why Is The DOJ Downplaying Reports Of Proof Linking Obama And Clinton To Russian Corruption

    Following the release of the identity of the FBI informant, Justice Department officials in recent days said that informant William Campbell’s prior work won’t shed much light on the U.S. government’s controversial decision in 2010 to approve Russia’s purchase of the Uranium One mining company and its substantial U.S. assets. However, The Hill's John Solomon has reviewed 1000s of new memos from an FBI informant that clearly show illegal activity surrounding a Russian plot to corner the American...

    @zerohedge
  • Cash-Hemorrhaging Uber Announces Plans To Drop $1 Billion On Driverless Volvos

    Earlier this summer we noted Uber's staggering 2Q cash burn of $600 million which equates to roughly $7 million in net cash outflows every single day.  The staggering, and consistently growing, cash burn figures resulted in several mutual funds announcing they would slash their valuations of the struggling rideshare company by up to 15%.  Of course, if cash burn was a concern before for Uber investors before then they should probably take note of the company's newly announced decision to drop...

    @zerohedge
  • Bubble Dynamics and Market Crashes

    Authored by James Rickards via The Daily Reckoning, To paraphrase one of the great gems of Wall Street wisdom, “Nothing infuriates a man more than the sight of other people making money.” That’s a pretty good description of what happens during the late stage of a stock market bubble. The bubble participants are making money (at least on a mark-to-market basis) every day. Meanwhile, the more patient, prudent investor is stuck on the sidelines - allocated to cash or low-risk investments while...

    @zerohedge
  • Cramer Remix: Forget the $450M painting, Intuitive Surgical is the da Vinci of stocks

    Jim Cramer explained why you don’t have to be a millionaire to buy a da Vinci.

    CNBC
  • Saudi Purge Claims It's Latest Corporate Victim As Kingdom Holdings Sees $1.3 Billion Bank Deal Collapse

    For the past couple of weeks we've written frequently about the sudden political turmoil in Saudi Arabia that resulted in two Saudi princes being killed in a span of just 24 hours and dozens others being detained on charges of corruption while having their bank accounts frozen.  Here are couple of our most recent background posts on the topic: The Saudi Purge: The Middle-East Is On The Verge Of A New War If The Saudi Arabia Situation Doesn't Worry You, You're Not Paying Attention Now, per an...

    @zerohedge
  • Justice Department's action against AT&T and Time Warner's deal could put a chill on media stocks

    The Justice Department's suit against AT&T's merger with Time Warner is not likely to have a broader impact on the stock market.

    CNBC
  • Learning From The '80s: The Power And Irony Of "MDuh"

    Authored by Daniel Nevins via FFWiley.com, Forget about big hair, Ray-Bans, and Donkey Kong. Don’t even think about Live-Aid, Thriller, and E.T. Above all else, the 1980s were the gravy days of the money supply aggregates. Beginning in late 1979, the Fed built its policy approach around the aggregates - primarily M1 but occasionally M2, and policy makers also monitored M3 while experimenting with M1B and, later, MZM. But those were just the “official” figures. Economists and pundits debated the...

    @zerohedge
  • Cramer gets even more bullish on Netflix and Amazon after comments from Liberty Media's John Malone

    Jim Cramer gave investors his key takeaways from an interview with Liberty Media's John Malone that rocked his "whole investment world."

    CNBC
  • Justice Department's action against AT&T and Time Warner's deal could put a chill on media stocks

    The Justice Department's suit against AT&T's merger with Time Warner is not likely to have a broader impact on the stock market.

    CNBC
  • Learning From The '80s: The Power And Irony Of "MDuh"

    Authored by Daniel Nevins via FFWiley.com, Forget about big hair, Ray-Bans, and Donkey Kong. Don’t even think about Live-Aid, Thriller, and E.T. Above all else, the 1980s were the gravy days of the money supply aggregates. Beginning in late 1979, the Fed built its policy approach around the aggregates - primarily M1 but occasionally M2, and policy makers also monitored M3 while experimenting with M1B and, later, MZM. But those were just the “official” figures. Economists and pundits debated the...

    @zerohedge
  • Cramer gets even more bullish on Netflix and Amazon after comments from Liberty Media's John Malone

    Jim Cramer gave investors his key takeaways from an interview with Liberty Media's John Malone that rocked his "whole investment world."

    CNBC
  • Cramer's take on Wall Street's top 15 'anointed' stocks for 2017

    Jim Cramer shared his thoughts on the top 15 stocks big investors are buying into year-end, including Alibaba, Apple and Amazon.

    CNBC
  • Trump Dissolves Charitable Foundation (As Promised)

    Fulfilling a promise he made in December 2016, NBC News reports that President Trump is in the process of dissolving his charitable foundation, which admitted last year that it violated federal rules on "self-dealing." As we noted in December, the foundation, which has been the subject of several controversies and investigations, was originally set up to give away the proceeds from Trump's bestselling book, "The Art of the Deal." As The Hill writes, the book's co-writer, Tony Schwartz, told CBS...

    @zerohedge
  • Asia set to open higher, following US gains overnight

    Futures pointed to higher opens in Australia and Japan, while the dollar advanced against a basket of currencies.

    CNBC
  • 100 Billion Reasons To Have Non-Reportable Assets

    Authored by Simon Black via SovereignMan.com, In early March 1938 in a dusty corner of the Arabian desert, Max Steineke finally had the breakthrough he was hoping for. Steineke was the chief geologist for the California Arabian Standard Oil Company (CASOC), a venture owned by what we know today as Chevron. And he hadn’t had a lot of success despite years of effort. Steinke was convinced that massive oil reserves were beneath the sands. He just couldn’t find any. His prized oil well, what was...

    @zerohedge
  • Charlie Rose Accused By 8 Women Of Nudity, 'Groping' And Lewd Phone Calls

    It seems like not a day goes by without new allegations of sexual abuse or harassment being levied against a major figure in media or entertainment – and Monday was no exception. Earlier in the day, the New York Times announced it would suspend White House reporter Glenn Thrush following reports that he harassed and propositioned young female reporters working with him at Politico and the Times. And just minutes ago, the Washington Post reported that eight women have come forward to accuse...

    @zerohedge
  • Venezuela's Default Disaster

    Authored by Daniel Lacalle via The Mises Institute, Socialism always promises heaven and gives hell... In the early hours of Thursday, November 2, the Maduro regime certified its latest failure with what they promised would never happen: technical default. With his usual arrogance, Maduro issued a “decree” demanding “the refinancing and restructuring of the debt as of November 3.” That is, default. The bad news for investors or high-yield hunters is that the likelihood of being swindled again...

    @zerohedge
  • Russian Oligarch Docks World's Largest Yacht Just Down The Road From Mar-A-Lago

    Last week, special counsel Robert Muller and his team subpoenaed the Trump campaign asking campaign officials to handover Russian-related documents. The subpoena was first reported by the WSJ on Thursday, which the source said, the campaign has already turned over 20,000 documents, and was not clear why the subpoena was issued. Mueller and his team of investigators are probing for any collusion between President Trump and ‘the Russians’ during the 2016 presidential election. Then hours later,...

    @zerohedge
  • Mauldin: It's A Bonfire Of The Absurdities

    Authored by John Mauldin via MauldinEconomics.com, “Vanity of vanities, saith the Preacher, vanity of vanities; all is vanity.”– Ecclesiastes 1:2, King James Version (attributed to King Solomon in his old age) This week’s letter will take a look at the growing number of ridiculous, inane, and otherwise nonsensical absurdities that fill the daily economic headlines. I have gone from the occasional smile to scratching my head now and then to “WTF” moments several times a week. Wondering if it was...

    @zerohedge
  • Market is ‘clearly near to a top,’ says longtime bull Jeremy Siegel

    Next year will likely bring lower returns and perhaps a "pause" for the stock market, Wharton School professor Jeremy Siegel told CNBC.

    CNBC