The United States is ready to help Mexico reach its production cut quota as part of the tentative OPEC+ deal, Mexico’s President Andres Manuel Lopez Obrador said on Friday, while the global pact to reduce production was in a kind of Mexican standoff early on Friday as Mexico was still balking at the large cuts […]
Finance
Latest News
Trump Threatens “Very Substantial” Tariffs on Oil Imports…
Just in case you’ve been living under a rock for the past month and a half or you’re quarantining yourself from the news cycle as well as everything else, allow me to catch you up. We are currently in the midst of a historic oil price crash after crude prices fell more sharply on March […]
The Day the Fed Nationalized the Bond Market: The Complete Summary of Everything the Fed Did Today…
Two weeks after the Fed stunned markets by doing something not even Ben Bernanke dared to do, start buying investment grade corporate bonds, today the Fed’s nationalization of the entire bond market was complete when the Fed – with the blessing of the Treasury – threw the kitchen sink at the most vulnerable verticals of […]
Fed Chair Powell Tells Whoppers This Morning on the Brookings Institution Webcast…
The Fed’s advance men were all over the media today attempting to transform a sow’s ear into a silk purse (or, as they say on Wall Street, put lipstick on a pig). The Fed surprised the market today with the stunning announcement that it was going to start buying up junk bonds from the markets […]
Slash Oil Output or Else! Senate Bill Would Remove U.S. Troops from Saudi Arabia in 30 Days…
A new bill has been introduced in the Senate which if passed would punish Saudi Arabia over failure to cut oil production by removing all US troops from the kingdom within 30 days. Sen. Bill Cassidy (R-LA) introduced it after Louisiana and other states have been impacted by the ongoing OPEC+ crisis and price war […]
Stocks Surge on Fed’s $2.3 Trillion Stimulus…
U.S. equity markets rallied Thursday after the Federal Reserve’s plan to provide $2.3 trillion in lending to households and businesses overshadowed a surge in jobless claims. The Dow Jones Industrial Average rose 285 points, or 1.22 percent, narrowly missing gains that would have registered the index’s best week since 1938. The S&P 500 and Nasdaq […]
Oil Could Fall Back to $20 a Barrel…
Oil demand is set to plunge by as much as 27 million barrels per day (mb/d) in April, a decline larger than anything that has occurred in the history of oil. The decline in demand could cause inventories to fill up, enforcing substantial curtailments by refineries and shut ins at oil wells, according to a […]
Another 6.6 Million People File Unemployment Claims This Week Bringing Total in Two Weeks to 16 Million…
The news is horrific. The Dept. of Labor release today shows another whopping 6.6 million people filed for unemployment compensation last week. That brings the total over the past three weeks to over sixteen million. With 16 million people filing unemployment claims, the actual rate of unemployment is likely well into double digits [13% to […]
Stocks Close Lower After Roller-Coaster Session, Dow Gives Up 900-Point Surge…
Stocks closed lower on Tuesday, giving up a massive rally from earlier in the day, as Wall Street assessed the latest news on the coronavirus outbreak. The Dow Jones Industrial Average closed 26.13 points lower, or 0.1%, at 22,653.86. The 30-stock average rose as much as 937.25 points, or 4.1%, at its session high. The […]
Treasury Secretary Steven Mnuchin Discusses Payroll Protection Program (VIDEO)…
Treasury Secretary Steven Mnuchin appears via phone on Fox Business News to discuss the small business payroll/paychecks program. Ms. Bartiromo claims her network of friends in the business community want to use the free government money for themselves; but the Treasury is forcing small businesses to use the money to retain payroll. Obviously Ms. Bartiromo […]
Mnuchin Asking for $250B to Replenish Small Business Loan Program…
Treasury Secretary Steven Mnuchin on Tuesday asked Congress to approve an additional $250 billion to replenish the fund for small business loans as thousands vie for the government-backed aid. Mnuchin said he spoke with Senate Majority Leader Mitch McConnell, Senate Minority Leader Chuck Schumer, House Speaker Nancy Pelosi and House Minority Leader Kevin McCarthy about […]
The Fed Apparently Thinks It’s Going to Lose $454 Billion on Its Wall Street Bailout…
On Thursday, March 26, in the midst of a growing panic on Wall Street over a lack of liquidity for toxic debt, the Federal Reserve Chairman Jerome Powell did something unprecedented. He appeared live on the Today show. His interviewer, Savannah Guthrie, opened the interview by noting that one writer had said that the Fed […]
Michael ‘Big Short’ Burry Blasts “Unjustifiable” Lockdowns as “Most Devastating Economic Force in History”…
Infamous for his painful but ultimately profitable “big short” bet against mortgage-backed securities during the 2008 financial crisis, Michael Burry, the doctor-turned-hedge-fund-manager has been on a multi-day Twitter rant claiming that the lockdowns intended to contain the COVID-19 pandemic are worse than the disease itself. Echoing the thoughts of many, Burry opined in a series […]
Peak Week – DPA Policy Coordinator Peter Navarro Discusses Status of Supplies for Combatting COVID-19…
National Defense Production Act policy coordinator Peter Navarro appeared on ‘Fox & Friends’ this morning to discuss various issues of supply chain needs for the U.S. to combat coronavirus. Mr. Navarro touches on how the DPA is being used to secure medical supplies and equipment including hydroxychloroquine as a treatment…
“US Labor Market Is in Free-Fall” – 10 Million Americans Have Filed for Unemployment in Past 2 Weeks…
After last week’s unprecedented 3.3 million surge in initial jobless claims, this week’s is even more unprecedented-er, adding a stunning 6.648 million (just 100k away from our estimate of 6.5million) for a two-week sum of 10 million new Americans claiming unemployment benefits. As @GreekFire noted, “We’ve lost 46 jobs for every confirmed case of COVID-19 […]
Trump Administration Lowers Fuel Efficiency Standards…
The Trump administration on Tuesday announced new vehicle fuel efficiency and CO2 emissions standards that lower the bar set by 2012 Obama-era regulations. The Environmental Protection Agency and the Department of Transportation’s National Highway Traffic Safety Administration’s new regulation calls for automakers to deliver a 1.5 percent improvement per year in corporate average fuel economy […]
Wall Street Had Cut 68,000 Jobs and Received Trillions in Emergency Loans Prior to COVID-19 Anywhere in the World…
On March 26 Federal Reserve Chairman Jerome Powell went on the Today show to deliver one message: “There is nothing fundamentally wrong with our economy.” Recently U.S. Treasury Secretary Steve Mnuchin has appeared on the White House lawn to tell reporters that this is nothing like the last financial crisis. Fed regional bank presidents have […]
Secretary Mnuchin Explains the Details for Small Business Financial Relief…
Treasury Secretary Steven Mnuchin appears on Fox News to discuss the latest developments in the battle against COVID-19 and how the coronavirus economic relief package will roll out. Unfortunately the always insufferable Wallace wants to waste time discussing the politics of the administration effort and not communicate important details to American businesses/individuals about what finhttps://theconservativetreehouse.com/2020/03/30/secretary-mnuchin-explains-the-details-for-small-business-financial-relief/ancial […]
Mnuchin Lays Out When Americans Can Expect Their Coronavirus Rescue Package Checks…
Treasury Secretary Steven Mnuchin said in a Sunday morning interview that qualifying Americans can expect to see their $1,200 checks deposited into their accounts “within three weeks.” Mnuchin, who played a lead role in the $2 trillion bill’s passage, told CBS’ “Face the Nation,” that there will be an online system created so Americans who […]
Restaurants Flip Supply Chain Business Model, Selling Retail…
A month ago CTH pointed out the short-sighted approach when federal, state and local government dictates began enforcing restaurant closings. By shutting down 50% of the total food supply output, the retail food supply chain was simply overwhelmed. Since then some state governors recognized the issue their decisions made within the total U.S. food supply […]
- « Previous Page
- 1
- …
- 65
- 66
- 67
- 68
- 69
- …
- 153
- Next Page »