Glencore, Trafigura to make ‘managed’ exit from coal businesses

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Coal photo 02

Trafigura and Glencore will both make a “managed transition” out of activities in coal as they seek to adapt their businesses to the Paris Agreement climate goals, the commodities traders’ top executives said at the FT Commodities Global Summit Sept. 29. Trafigura’s executive chairman and CEO Jeremy Weir said the company will “manage the transition”… Read More

Argentine Lawmaker Resigns After Kissing Girlfriend’s Breast Live During Virtual Congress

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argentine lawmaker resigns after kissing girlfriends breast live during virtual congress

Argentine Lawmaker Resigns After Kissing Girlfriend’s Breast Live During Virtual Congress Tyler Durden Sun, 09/27/2020 – 11:45 Some times, people just can’t catch a break. Such was the case of Argentinian lawmaker Juan Emilio Ameri, who has resigned after getting caught on a live camera pulling down his girlfriend’s top to kiss her newly enhanced breasts.… Read More

China Stock Shorts Soar To Record High

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china stock shorts soar to record high

China Stock Shorts Soar To Record High Tyler Durden Mon, 09/21/2020 – 21:15 By Molly Dai, Singapore based macro commentator for Bloomberg With China’s equity market cooling in recent weeks, following its fastest rally in years, investors have pushed the value of Chinese stocks being shorted to uncharted levels. The balance of securities lending in domestic exchanges has jumped… Read More

NYPD Officer Arrested, Charged With Spying For China

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nypd officer arrested charged with spying for china

NYPD Officer Arrested, Charged With Spying For China Tyler Durden Mon, 09/21/2020 – 18:15 A NYPD officer has been arrested and charged with acting as an agent of China, according to WABC New York. Community affairs officer Baimadajie Angwang of the 111 precinct in Queens and a US Army Reservist at Fort Dix acted “at… Read More

JP Morgan Shocked Young People Who Work From Home Are Less Productive

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jp morgan shocked young people who work from home are less productive

JP Morgan Shocked Young People Who Work From Home Are Less Productive Tyler Durden Mon, 09/14/2020 – 20:20 JP Morgan was apparently surprised to discover that across its business lines, employees experienced a noticable decline in productivity during the last six months, as the world’s corporate office workers retreated to their work-from-home ‘rona rigs. The… Read More

Robinhooders Discover 3x Levered ETFs

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robinhooders discover 3x levered etfs

Robinhooders Discover 3x Levered ETFs Tyler Durden Mon, 09/14/2020 – 15:35 There was a bit of consternation last week when, in the aftermath of the brief Nasdaq 10% correction, the Nasdaq ETF, the QQQ, suffered its biggest weekly outflow on record, prompting fears that last week’s tech slump was just the beginning. Well, not so… Read More

“Your Money Is Gone. All Gone”: How SoftBank’s Call Spread Strategy Led To Catastrophic Results – A Thread

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your money is gone all gone how softbanks call spread strategy led to catastrophic results a thread

“Your Money Is Gone. All Gone”: How SoftBank’s Call Spread Strategy Led To Catastrophic Results – A Thread Tyler Durden Sat, 09/12/2020 – 13:00 In the aftermath of reports both here and elsewhere which identified SoftBank as the “hedge fund” responsible for much of the August gamma meltup via the use of aggressive call spreads,… Read More

The Wild Ride of the FANGMANTIS Stocks v. Rest of Market

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the wild ride of the fangmantis stocks v rest of market 1

These 10 stocks, weighing 25% of the total market, are on one heck of a ride, now in the wrong direction. Rest of market has gone nowhere in nearly 3 years despite huge volatility. By Wolf Richter for WOLF STREET. The FANGMANTIS struck again. This WOLF STREET index of ten giant tech stocks, accounting for 25.5% of the… Read More

Youth Suicides Soar 57% In Past Decade: Is Social Media To Blame?

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youth suicides soar 57 in past decade is social media to blame

Youth Suicides Soar 57% In Past Decade: Is Social Media To Blame? Tyler Durden Fri, 09/11/2020 – 21:20 The suicide rate among Americans ages 10 to 24 increased by 57% between 2007 and 2018, data published Thursday from the National Center for Health Statistics (NCHS) shows. New concerns are mounting that social media could be contributing to the wave of suicides… Read More

$41 Billion Lululemon Is Holding Classes On “Resisting Capitalism” While Selling $128 Yoga Pants

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41 billion lululemon is holding classes on resisting capitalism while selling 128 yoga pants

$41 Billion Lululemon Is Holding Classes On “Resisting Capitalism” While Selling $128 Yoga Pants Tyler Durden Fri, 09/11/2020 – 14:52 There’s no better example of groupthink taking over people’s common sense than $41.7 billion clothing retailer Lululemon, who sells signature yoga pants for $128, holding a seminar on “resisting capitalism”. But, it’s 2020 and so,… Read More

Harrys Submits Additional Provincial Tobacco License Applications

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Vancouver, British Columbia – TheNewswire – September 10, 2020 – Harrys Manufacturing Inc. (CSE:HARY) (CNSX:HARY.CN) (OTC:WSRRF) (the “Company” or “Harrys“), wishes to announce that its wholly owned subsidiary Harrys International Manufacturing Inc. has now submitted three additional tobacco license applications for approval of wholesale distribution and sales of tobacco cigarettes with the appropriate Ministry departments… Read More

US Military Testing “Skylord” Counter-Drone AR Interception System

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us military testing skylord counter drone ar interception system

US Military Testing “Skylord” Counter-Drone AR Interception System Tyler Durden Wed, 09/09/2020 – 23:40 The U.S. Department of Defense (DoD) has partnered with an Israeli-based startup, called Xtend, to pilot test the Skylord drone, initially developed for the gaming world, which would be used as a drone interception system on the modern battlefield.  The joint pilot program will be directed by the Directorate… Read More

NSA Chief Who Oversaw Sweeping Domestic Phone Surveillance Joins Amazon Board As Director

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nsa chief who oversaw sweeping domestic phone surveillance joins amazon board as director

NSA Chief Who Oversaw Sweeping Domestic Phone Surveillance Joins Amazon Board As Director Tyler Durden Wed, 09/09/2020 – 17:40 Just days after Amazon published a scathing letter slamming President Trump for not allowing the American multinational tech company to get the $10 billion Joint Enterprise Defense Infrastructure (JEDI) contract, which instead was awarded to Microsoft, Amazon’s… Read More