Friday, President Trump reaffirmed his view that a Fed interest rate cut would help the US economy grow more quickly, and said Fed does not know what they are doing. Growth “would be like a rocket ship” if the Fed eased, President Trump told reporters at the White House Friday as he prepared to travel to […]
$TSLA, FCAU, GM FLASH: Tesla’s (NASDAQ:TSLA) stock is at 3 year lows Bernstein analyst Max Warburton says that while there may be some tepid interest in Tesla’s assets, it’s unlikely a European carmaker would buy the company. “What assets are attractive? Tesla no longer has genuinely differentiated tech. The production plant is sub-par. The Gigafactory […]
$RTN, $OIL FLASH: Acting US Defense Secretary Patrick Shanahan has approved a new deployment of Patriot missiles to the Middle East in the latest US response to what Washington sees as a growing threat from Iran. The decision further bolsters US defenses and comes after The Trump Administration expedited the deployment of a carrier strike […]
United States is deploying a carrier strike group and a bomber task force to the Middle East to send a clear message to Iran that any attack on US interests or its allies will be met with “unrelenting force.” Sunday, John Bolton said the decision was “in response to a number of troubling and escalatory […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: S&P 500 extended is winning streak to 8 days running The odds of a recession hitting the US economy are “all at about Zero,” Council of Economic Advisers Chairman Kevin Hassett said Monday. “You saw it in the jobs numbers, but income growth is really taking off,” Mr. Hassett […]
Diet sodas are not the lesser evil, they are as evil as regular soda, and some argue they are worse. Linking low- or Zero-calorie soft drinks to specific illnesses is tricky, and researchers are cautious to call them flat-out dangerous or point to cause and effect. It is not always clear if the problem is […]
Volkswagen’s (OTCMKT:VLKAY) MEB EV Platform Unveiled $VLKAY Volkswagen (OTCMKT:VLKAY) has unveiled its Electric for All initiative, which will set out to introduce EVs over the better part of the next 10 yrs at what the automaker says will be affordable prices. VW is aiming to sell around 150,000 electric cars by Y 2020 and increase annual sales […]
ICE is Key for National Security Acting Immigration and Customs Enforcement Director Ron Vitiello defended ICE Thursday from critics calling to eliminate it or to prosecute its agents, saying the federal organization is vital for the nation’s security. “The men and women of ICE get up every day and go out to protect their communities,” Director […]
The ECB’s Benchmark Interest Rate Unchanged at Zero $EURUSD The European Central Bank is stressing that interest rates will stay low well into next year even as the U.S. Federal Reserve is expected to keep raising rates in coming months. The central bank for the 19 countries that use the euro left its key rates […]
President Trump: “We Will Not Rest Until Our Border Is Secure” Friday, US President Donald Trump hammered the nation’s “weak” immigration laws, telling families of people who died at the hands of illegal immigrants that “our 1st duty, and our highest loyalty, is to the citizens of the United States.” “We will not rest until […]
US Zero Tolerance Policy on Illegal Immigration Policy in Place Monday, US Attorney General Jeff Sessions said the Department of Justice will prosecute all cases involving illegal border crossings between the United States and Mexico, noting there is now a “zero tolerance policy” in place. USAG Sessions spoke at the border near San Diego and […]
American Households Feel “Really Good” About President Trump’s Tax Reform President Trump is polling an average of 50% approval this week. In SurveyMonkey polls conducted from 12 February to 5 March, a majority of people in these Key states support President Trump’s Tax Plan: Florida, Wisconsin, Michigan, & Ohio. Plus 50% or more of voters in 10 […]
The Actual Value of Bitcoin Might be Zero $BTCUSD ,$MS, $GLD The lack of people and businesses willing to accept it as a means of payment indicates that its actual value might be nothing aka Zero, according to an analyst from Morgan Stanley Current Bitcoin is trading at: A Morgan Stanley (NYSE:MS) analyst sent a research […]
Residential Property Sales & Leasing in UAE to be Exempt from VAT $GLD, $SLV, $PLAT The 1st sale of new residential property in the country will be subject to the Zero rate of VAT. Investment Gold, Silver and Platinum will also be Zero-rated. Supplies of residential property including sales and leasing in the UAE will be […]
Dubai Launchs UAE Food Bank The food bank will partner with food producers, volunteers and partners to store and distribute excess food for Zero waste Dubai is aiming to become the 1st city in the GCC to achieve Zero food waste with the launch of a new UAE Food Bank. The initiative was launched by […]
Stock Markets Have Turned Into a Vegas/Macau/Monte Carlo Casino Global central bankers have turned world financial markets into a casino, thanks to their unprecedented monetary policies, Bill Gross warned Tuesday. “Our financial markets have become a Vegas/Macau/Monte Carlo casino, wagering that an unlimited supply of credit generated by central banks can successfully reflate global economies […]
US Economy Too Fragile for Fed to Raise Interest Rates $DIA, $SPY, $QQQ, $VXX The US economic environment is too fragile for the US Fed to raise interest rates at its 21-23 September meeting. “The risks are so much more on the downside,” Raymond Dalio, Chairman and co-CIO of $150-B Bridgewater Associates, said Tuesday at […]
Investors A Recession Away from Total Destruction $FB, $SQ, $MSFT, $ABX TheBig Q’s: Would you like to: Make a bit of money most of the time, with a small chance of losing a lot? Lose a bit of money most of the time, with a small chance of making a lot? The Big A: Most […]
Investors Losing Billions on Central Bank Monetary Policy $DIA, $SPY, $QQQ, $VXX Investors are losing billions a year from central banks that have set interest rates below Zero in an effort to stimulate economic growth by punishing saving and encouraging lending. Negative-yielding government bonds cost investors about $24-B a year, according to calculations from Fitch […]