The technocrats of modern globalism have a way of carrying inappropriate gleefulness as they laugh, smile and pontificate their detachment from life under their control…
Finance
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The Supreme Court to Consider Goldman Sachs Case Making It Tougher for Shareholders to Bring Class-Action Lawsuits…
Goldman contends it was denied justice by the lower court because, in the Halliburton ruling, the Supreme Court “made clear that a defendant must be afforded a meaningful opportunity at the class-certification stage to rebut the Basic presumption, by showing that the alleged misrepresentation had no impact on the price of the relevant security.”…
GOP Leaders Link Rising Jobless Claims to Pelosi’s Intentional Delay on Small Business Relief…
House GOP Whip: “These small businesses don’t have the time to wait on a new president or some political game by the speaker before they make a decision on whether or not they will close for good.”…
Goya CEO Says AOC Was Named ‘Employee of the Month’ After Her Boycott Call Led to Sales Spike…
Bob Unanue: ‘When she boycotted us, our sales actually increased 1,000%’…
Tucker Carlson Highlights Beijing Admission About How China Controls DC Politicians…
President Trump’s MAGAnomic and foreign policy agenda is jaw-dropping in scale, scope and consequence. There are multiple simultaneous aspects to each policy objective; they have been outlined for a long time even before the election victory in November ’16…
Restaurant Industry Warns of “Economic Free Fall” As 110,000 Eateries and Counting Are Permanently Shuttered…
The National Restaurant Association (NRA) sent a damning letter to Congress today (Dec. 7) addressing the collapse of more than one hundred thousand restaurants across the country this year because of the virus pandemic…
House Hearing: Wall Street Gets Bailed Out by Fed; Main Street Gets Sold Out…
Before we get into the guts of yesterday’s hearing, it’s important to have the background on how Wall Street was bailed out and Main Street was sold out the last time around – as the parallels are downright eerie…
Online Spending Hits Record on Cyber Monday…
With this year’s Cyber Monday now in the books, it officially broke last year’s $9.4 billion as consumers spent a record $10.8 billion, according to Adobe Analytics…
Firm That Owns Dominion Voting Systems Received $400 Million From Swiss Bank Account Funded by Communist Chinese Gov & Companies Before Election…
An investigation into SEC filings has revealed that the firm which owns Dominion Voting Systems received $400 million dollars from a Swiss bank with close links to the Chinese government less than a month before the election…
Both Citigroup and JPMorgan Have Now Received Huge Fines for Crimes the Regulators Won’t Reveal…
Whatever the reason, the darkness that started growing around the crimes committed by the big Wall Street banks during the Obama administration has now evolved into such a complete dark curtain that regulators are refusing to say what the crimes actually are that are being settled for huge amounts of money…
JPMorgan Makes $1B from Gold Trading After Paying $1B Fine for Manipulating Gold Trading…
The math simplified: JPM has spent $1 billion over the lifetime of its precious metals rigging, ensuring it has full indemnity from future manipulation claims, allowing allow it to make $1 billion in revenue in just one year…
Hundreds of Companies That Got PPP Loans Have Gone Bankrupt…
The total number of companies that failed despite getting PPP loans is likely far higher. The Journal only analyzed the big borrowers from the program, which accounted for about half of the overall loans though only about 13.5% of the total participants…
Soybeans Near $12 Per Bushel As U.S. Farmers Celebrate Surging Prices…
“It started with better-than-expected demand, particularly from China as they bought soybeans because they needed them as part of the Phase 1 trade deal,” he said…
JPM Sees Stock Surge In 2021 As Trillions in “Unlocked” Liquidity Flood into the Market…
Although it has had a negative impact in the short term, the reemergence of lockdowns and resultant growth weakness could bolster the above equity upside over the medium to longer term via inducing more QE and thus more liquidity creation…
S&P 500 Adds to Record…
Dow Heads for own on Vaccine Hopes…
President Trump Signs Executive Order to Block Investment in Businesses Benefiting China’s Military…
The order prohibits such investments beginning on Jan. 11…
Jobless Claims Dropped to 709k Last Week As Labor Market Heals Slowly…
Additionally, states reported nearly 300,000 initial claims for Pandemic Unemployment Assistance, a new category of eligibility created by the March CARES Act that provides benefits for workers sidelined by the pandemic, such as gig workers whose work dried up…
Fancy That!: Pfizer’s CEO Dumps 62% of His Stock On COVID Vaccine Announcement …
Despite the sale being perfectly legal under Rule 10b5-1 to avoid accusations of insider trading, the optics aren’t great for Bourla…
J.C. Penney Rescue Deal Approved in Bankruptcy Court…
J.C. Penney filed for bankruptcy in May with nearly $5 billion in debt. The company was one of several retailers, including J. Crew Group Inc, Neiman Marcus Group and Brooks Brothers that sought Chapter 11 protection amid the coronavirus pandemic…
Senator Sherrod Brown Calls for Breaking Up the Wall Street Banks; Elizabeth Warren Tells Fed: “I Don’t Believe You’re Doing Your Job”…
“We have to break up the biggest banks, and give that power to everyone else who has been denied a voice in our economy…
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