Unless you have been living under a rock for the past week, you will be well aware of JPMorgan CEO Jamie Dimon’s panicked outburst with regard the ‘fraud’ that Bitcoin’s ‘tulip-like’ bubble is. To paraphrase: “It’s a fraud. It’s making stupid people, such as my daughter, feel like they’re geniuses. It’s going to get…
Finance
Latest News
Retirees on Tap for Biggest Increase in Social Security Benefits Since 2011…
The increase in the cost-of-living allowance for Social Security benefits next year is likely to be about 2 percent, according to the latest data, which would be the biggest hike since 2011. The official increase will be released in October, after the Bureau of Labor Statistics releases the September data…
Obama Has the Same Retirement Plan as the Clintons: Lavish Speaking Fees from Wall Street…
The “Wall Street Democrats” is the wing of the party created by the Clintons and nurtured further by Barack Obama. It takes money hand over fist from Wall Street for political campaigns, wags a warning finger at Wall Street from the public podium while stuffing its administrations with Wall Street execs, then its leadership…
Former UBS Trader Arrested, Charged With Rigging Gold Prices…
Three years after we first identified the former head of UBS’s gold desk in Zurich as someone directly implicated in the rigging of precious metals prices, Bloomberg reports that Andre Flotron, a Swiss resident, was arrested while visiting the U.S., according to people familiar with the matter…
Bitcoin at Crossroads After Shedding Nearly $20B in Value…
Did Jamie Dimon obliterate bitcoin’s buzz? Bitcoin and other digital currencies have been getting absolutely toasted in recent trade, with some wondering if withering criticism from Wall Street heavyweights, like J.P. Morgan Chase’s JPM, +0.29% CEO, and growing regulatory scrutiny in China have finally combined…
Julian Robertson: “There’s A Bubble” And “It’s The Federal Reserve’s Fault”…
Call it the “bearish billionaire” curse. One month ago, MarketWatch penned “7 billionaires who are worried about a stock-market correction” which listed Carl Icahn, David Tepper, Howard Marks, George Soros, Jeff Gundlach, Warren Buffett and Eliot Singer as some of the world’s wealthiest people who are losing sleep over…
The Real Story Behind America’s New $20 Trillion Debt…
When Consultants Reign…
Saudi deputy crown prince Muhammad bin Salman’s proposal to privatize the oil behemoth Aramco is the biggest news in global business this year. Saudi citizens — not to mention Aramco executives — are stunned. After the January announcement, confusion reigned, with officials at times denying and at other times confirming…
Crackdown Begins: Chinese Banks Are Suspending North Korean Transactions…
In what may be a major breakthrough in the diplomatic and political stalemate over North Korea if confirmed officially, Japan’s Kyodo newspaper reported overnight that Chinese state banks have started suspending transactions through accounts held by North Koreans, making it nearly impossible to do business between the two countries…
Senator Lindsey Graham: Block Grants ‘Truly and Fundamentally a Different Approach than Obamacare’…
Senator Lindsey Graham (R-SC) told Breitbart News in an exclusive interview that while the congressional leadership’s healthcare bills kept Obamacare’s infrastructure in place, his coalition’s plan to repeal and replace “is truly and fundamentally a different approach than Obamacare”…
Related
Ivy League Endowments Under Fire…
China Begins to Reset the World’s Reserve Currency System…
A report released by the Nikkei Asian Review indicates that China is prepared to release a yuan-denominated oil futures contract that is convertible (backed by) physical gold. The contract will enable China’s largest oil suppliers to settle oil sales in yuan, rather than in dollars, and then convert the yuan into gold on…
Where The August Jobs Were: Who Is Hiring, And Who Isn’t…
As expected, last month’s one-time, outlier surge in leisure & hospitality, and education & health jobs was not only revised lower, but is fully gone in the month of August. Furthermore, while according to the original July report not a single category had lost jobs, that is no longer the case as the chart below […]
Expecting Defeat In Supreme Court, Public Sector Unions Try to Slow Exodus of Members…
A case titled Janus v. American Federation of State, County and Municipal Employees, Council 31 is on appeal to the U.S. Supreme Court on a petition for a writ of certiorari. The 7th Circuit’s opinion in the case is here. It is widely expected that the Court will grant certiorari. The case raises issues substantially…
Billionionaire Elon Musk Paid a Paltry $5 Hour to Foreign Workers to Paint a Shop in California…
Techno-wonder and CEO of Tesla Motors Elon Musk apologized and promised to investigate allegations the electric vehicle maker paid foreign workers a wage of $5 per hour to slap together a paint shop in California. Musk’s electric vehicle company used approximately 140 Eastern Europeans to erect a body shop in Northern…
The U.S. Military Just Conducted a Major Show of Air Power in Response to North Korea’s Latest Missile Test…
In response to North Korea’s recent intermediate range ballistic missile test that overflew Japan on Aug. 28, Washington, Tokyo and Seoul have embarked on a show of force to deter Pyongyang. As part of that show of force, the U.S. Marine Corps flew four of its stealthy new Lockheed Martin F-35B Joint Strike Fighters…
Paul Ryan’s GOP Quietly Boosts H-2B Visa-Worker Program…
The latest 1,305-page draft House appropriations bill for 2018 uses a bureaucratic trick on page 732 to help employers cut wages for foreign H-2B seasonal workers — and indirectly, also cut wages for American workers. “Republicans in Congress still haven’t got the message that voters sent last November”…
Sick: Bill Gates and Richard Branson Back Startup That Grows ‘Clean Meat’…
Cargill Inc., one of the largest global agricultural companies, has joined Bill Gates and other business giants to invest in a nascent technology to make meat from self-producing animal cells amid rising consumer demand for protein that’s less reliant on feed, land and water. Memphis Meats, which produces beef, chicken and duck…
Well, It Was 2.1M Wells Fargo Accounts Involved in the Scandal. Now, It’s 3.5M…
The scope of Wells Fargo’s fake accounts scandal grew significantly on Thursday, with the bank now saying that 3.5 million accounts were potentially opened without customers’ permission between 2009 and 2016. That’s up from 2.1 million accounts that the bank had cited in September 2016, when it acknowledged that…
2nd Quarter GDP Growth Revised Upward to 3%…
Despite the good news, the insufferable MSM are still trying to bury the cause and effect. In an effort to give a more precise picture I’m going to use a Reuters summary, and shift their text location to highlight what they bury and emphasize what they avoid…
- « Previous Page
- 1
- …
- 126
- 127
- 128
- 129
- 130
- …
- 159
- Next Page »