By Neenah Payne Bitcoin’s Sudden Acceptance As Global Finance Changes shows that MicroStrategy invested $425 million in bitcoin this summer. PayPal, MasterCard, and Visa are… Bitcoin Is Going… activistpost.com
Pune, Oct. 22, 2020 (GLOBE NEWSWIRE) — Arc flash takes place when a short circuit or an electrical fault passes through the air gap between two electrodes. Arching may result in loss of property or even life. Therefore, it is important to install arc flash protection system and provide personal protective equipment. Thus, a majority… Read More
Please join Doug Noland and David McAlvany this Thursday, October 22nd, at 4:00pm Eastern/ 2:00pm Mountain time for the Tactical Short Q3 recap conference call, “Managing Short Exposure in Extreme Uncertainty.” Click here to register. German 10-year bund yields dropped 10 bps this week to negative 0.62%, the low since March. French yields fell eight… Read More
The “second wave,” if prolonged, could cause bad loans to almost triple, to €1.4 trillion, says the ECB. By Nick Corbishley, for WOLF STREET: German banks need to prepare themselves for a sharp spike in corporate bankruptcies early next year, the Bundesbank warned this week in its 2020 Financial Stability Review. It anticipates around 6,000 insolvencies in… Read More
Whether we realize it or not, we’re responding with passive acceptance of oblivion. You’ve undoubtedly heard rearranging the deck chairs on the Titanic as an analogy for the futility of approving policy tweaks to address systemic crises. I’ve used the Titanic as an anology to explain the fragility of our financial system and the “glancing… Read More
Ford Motor Company (NYSE: F) released its sales results for the third quarter in China on Thursday, ahead of the planned earnings release scheduled for Oct. 28. What Happened: The automakers reported it sold 164,352 vehicles between July and September in China, marking the largest year-over-year sales growth in nearly four years. Compared to Q3 2019, the current sales… Read More
With impeccable timing. By Nick Corbishley, for WOLF STREET: For the last two years, KPMG has refused to sign off the accounts of Spelthorne borough council, a tiny local authority on the outskirts of London that has taken on huge amounts of debt to buy more than £1 billion of commercial and residential property, it has been… Read More
For Brookfield, trying to redevelop the dying Stonestown Galleria in San Francisco, this is turning into a mess. By Wolf Richter for WOLF STREET. It was another stab in the back of the already bleeding brick-and-mortar movie theater business and its landlords and their lenders. But for Disney, it was the next big step in selling direct to… Read More
This was a great week for cannabis stocks, with all major U.S.-traded ETFs posting double-digit gains. Over the five trading days of the week: The ETFMG Alternative Harvest ETF (NYSE:MJ): gained almost 12% The AdvisorShares Pure Cannabis ETF (NYSE:YOLO): was up 13.3% The Cannabis ETF (NYSE:THCX): rose 18% The Amplify Seymour Cannabis ETF (NYSE:CNBS): closed… Read More
“Hybrid workplace,” it calls it. This seems to be the trend for many companies with office workers and enough tech savvy to pull it off. A nightmare for landlords. By Wolf Richter for WOLF STREET. Microsoft became the latest company to officially build work-from-home has a permanent feature and benefit into its model – a “hybrid workplace,” as… Read More
AUD/USD Current Price: 0.7116 The Reserve Bank of Australia left the cash rate at a record low of 0.25% as expected. Australia will publish the September AIG Performance of Services Index, previously at 42.5. AUD/USD bearish breakout anticipates a steeper decline ahead. The AUD/USD pair peaked at 0.7208 at the beginning of the day, helped… Read More
Stimulus and bailouts had a huge impact, for those that got them, and for those that didn’t. By Wolf Richter for WOLF STREET. In the world of struggling businesses, debt defaults, bankruptcies, and closures, there is now a clear dividing line. On one side are those businesses that got bailed out by the government, whether they needed it… Read More
Las Vega, Nevada, Oct. 06, 2020 (GLOBE NEWSWIRE) — Universally we can all agree on one thing: nobody wants to smoke or ingest bleach. Yet, that’s what’s currently happening in the CBD industry. And no, this isn’t just a weird isolated case – this is a widespread problem. According to Julie Helmer, the chief of… Read More
While almost everyone’s attention was diverted, a major war erupted on the other side of the world. It has been more than a week since Azerbaijan launched their invasion of Nagorno-Karabakh, although the mainstream media in the western world will never use the word “invasion” to describe what is happening. At most, they will use… Read More
World Wrestling Entertainment Inc (NYSE: WWE) CEO Vince McMahon is in plans to take over the accounts of WWE athletes on the online streaming portal Twitch. What Happened: According to Wrestling Inc, the change is expected to take place in the next four weeks. Reportedly, WWE will take control of all the Twitch accounts and… Read More
“Sublease Pandemic?” Office leasing activity plunged or collapsed, depending on city, even as companies dumped huge amounts of suddenly unneeded office space on the sublease market. By Wolf Richter for WOLF STREET. In the third quarter 2020, the commercial real estate segment of office space in Houston, Manhattan, Chicago, San Francisco, and Los Angeles – each representing a… Read More
It significantly raises the stakes for a potential nightmare scenario: with less than five weeks until election day, the President contracts COVID-19. As if this election cycle wasn’t chaotic enough. As CNN put it: “A stunning new twist in a tumultuous year, throwing an election that is only 32 days away into chaos and raising… Read More
Over the last few days, a swarm of almost 600 earthquakes has shaken southern California, and a lot of people are becoming extremely concerned about what will happen next. In fact, if you go on Twitter right now you will find a tremendous amount of speculation that “the Big One” could be coming. The experts… Read More
My Big Four Bank Index got crushed back at 2004 level. By Wolf Richter for WOLF STREET. After the stock market closed today, the Federal Reserve announced that “in light of the economic uncertainty,” and to provide “a cushion against loan losses,” and to support lending, it would extend for another quarter, so through December 31, the blanket… Read More
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