Algos exploded in ebullience once again after Bloomberg headlines proclaimed that China has offered to go on a six-year buying spree to ramp up imports from the U.S., in a move that would reconfigure the relationship between the world’s two largest economies, according to officials familiar with the negotiations. Bloomberg reports that by increasing annual… Read More
Authored by Ryan McMaken via The Mises Institute, During this partial government shutdown, it’s become nearly impossible to avoid news articles, and segments on television and radio outlining the many ways that federal employees are apparently suffering financially as a result of the partial government shutdown. The stories are very diverse in topic. Some take… Read More
Echoing Bloomberg’s sentiment indicator, University of Michigan’s survey shows Americans’ confidence collapsed heading into January with ‘expectations’ plunging to Oct 2016 lows. The University of Michigan’s preliminary January sentiment index fell to 90.7 from the prior month, missing all estimates in a Bloomberg survey of economists. The measures of current conditionsand expectations both declined to the lowest since President Donald… Read More
Following a mapping and prospecting campaign in conjunction with a grid-based soil sampling program and follow-up rock channel sampling, Carube Copper (TSXV: CUC) reported the discovery of high-grade copper-silver mineralization at its Main Ridge Project in Jamaica. Known for its initials MR, the project covers 30 square kilometres of the island country’s south-central region, an… Read More
Despite the market collapse and sinking sentiment, Industrial Production rose more than expected in December (up 0.3% vs 0.2% exp), albeit with a downward revision for November. This was driven by a 1.1% MoM surge in Manufacturing output, the most since Feb 2018 In fact, U.S. factory production expanded in December by the most in… Read More
A secret meeting of envoys from the United States and North Korea took place on Friday in Stockholm, Sweden on Friday, according to the Associated Press, citing an official. Swedish Foreign Ministry spokeswoman Diana Kudhaib said the talks included North Korea’s Deputy Foreign Minister Choe Son Hui, however further details were not made available. According to Sweden’s… Read More
LONDON — The South African born Musk’s tweeting habit came at a price last year. His announcement in August that he would take Tesla private led to a massive fine and he lost his chairman’s position at the electric car company. And of course there was the tweet about the Thailand cave rescuer. Production targets… Read More
Via Shard Capital’s Bill Blain, Wow… we passed the middle of the first month of the New Year, and the world hasn’t blown up. Phew… that’s a relief… For a moment I thought 2019 might get messy…. Messy is as Messy is: If you can call the current Brexit mess calm and considered political debate… Read More
POPCRU calls for the DCS to cut ties with Bosasa The Police and Prisons Civil Rights Union (POPCRU) has noted with concern the revelations made at the State Capture Inquiry by former Bosasa boss, Mr Angelo Agrizzi regarding the manner in which they continuously bribed governmental department heads in securing tenders. For us, this comes… Read More
Aveng media statement Aveng Limited (Aveng or the Group) has today announced the sale of 100% of Aveng Water Proprietary Limited and the Aveng Namibia Water business to Cambrose 735 Proprietary Limited, a special purpose vehicle incorporated as a private company (Infinity Partners), for a cash consideration of R95m. This sale forms part of Aveng’s… Read More
This post Wall St. Doesn’t Care About 800,000 Workers appeared first on Daily Reckoning. Today marks the 27th day of the government shutdown. In total, 800,000 Federal employees missed their first paychecks last week. And another 1.2 million government contractors are also estimated to be missing paychecks as well. That’s 2 million Americans currently out… Read More
Days after JP Morgan’s Q4 earnings missed on seemingly every metric aside from compensation (which came in right at the top of the range), the bank has confirmed that CEO Jamie Dimon earned $31 million in compensation during 2018, a 5.1% increase from the prior year and his second-biggest annual haul ever. To be sure,… Read More
Hatred of the White Hetero Male PCR Interviewed by the Herland Report for European TV https://www.youtube.com/watch?v=hKpMO5Jdx-s&t=1s&list=PLlrCpcbN8MxjcppbagnHfPKx8RwgEHbX4&index=3 The post Hatred of the White Hetero Male appeared first on PaulCraigRoberts.org. Source: paulcraigroberts.org
JOHANNESBURG — Theresa May has become the latest leader to skip Davos, joining Donald Trump and Emmanuel Macron. Interestingly, a crisis of epic proportions in Zimbabwe has done little to dissuade Emmerson Mnangagwa from attending the world’s most elite gathering in the Swiss Alps. – Gareth van Zyl By Simon Kennedy (Bloomberg) – British Prime Minister… Read More
JOHANNESBURG — For years, Helios Towers has been buying up cell towers from mobile networks across Africa in addition to building its own base stations. Its model is very much one in which it relies on a growing trend for mobile operators looking to lease rather than own cell towers in order to drive down… Read More
The Malaysian government has a message for Goldman Sachs CEO David Solomon: Your disingenuous, blame-deflecting apology for Goldman’s role in one of the biggest financial frauds ever perpetrated in Asia isn’t going to cut it. According to Bloomberg, Finance Minister Lim Guan Eng told reporters on Friday that Malaysian prosecutors might consider dropping the criminal… Read More
LONDON — As the weekend is upon us, we are probably all looking forward to a nice braai. But you may have to rethink what you put on that braai. 37 scientists who tried to figure out how we are going to feed the ten billion people that the world population is expected to grow… Read More
Submitted by Ronan Manly, BullionStar.com This month the Chinese central bank reported that in December 2018, its gold reserve holdings increased by 10 tonnes, the first claimed increase in Chinese monetary gold holdings since October 2016. Based on previous patterns reporting patterns, a two year hiatus in reporting gold holdings is not unprecedented for the Chinese… Read More
EDINBURGH — Once a year, the rich and famous gather in the Swiss village of Davos to ponder the state of the global economy and extrapolate on themes and trends. With limited accommodation in the Alpine resort, it’s not surprising that the residents of Davos have found it easy to command huge rates for fairly… Read More
The “Mnuchin Plunge Protection Team/Government Shutdown” rally extended overnight, and is now more than 13% from the Dec 24 lows with US equity futures and European stocks rising following a strong Asian session following a since-denied WSJ report that the US is considering easing Chinese tariffs to boost the market, followed by a report that… Read More