JPMorgan to pay $920 million for manipulating precious metals and treasury market

JPMorgan to pay $920 million for manipulating precious metals and treasury market

The bank engaged in “spoofing”, a manipulative practice designed to create illusion of demand, or lack thereof. JPMorgan Chase & Co has agreed to pay more than $920 million and admitted to wrongdoing to settle federal U.S. market manipulation probes into...
read more
Prosecutors say JPMorgan Nowak’s trading desk was a criminal racketeering operation

Prosecutors say JPMorgan Nowak’s trading desk was a criminal racketeering operation

Meet The Mastermind Behind JPMorgan’s Gold And Silver Manipulation Crime Ring. There was a time when the merest mention of gold manipulation in “reputable” media was enough to have one branded a perpetual conspiracy theorist with a tinfoil f...
read more
NASDAQ Shorts Hit Second Highest Ever

NASDAQ Shorts Hit Second Highest Ever

One week after one of the biggest inflows into stock funds on record – when retail traders furiously BTFD in hopes the market’s upward momentum would accelerate – speculators hit a brick wall and reversed furiously as stocks slumped, with...
read more
The FED Is Preparing To Deposit “Digital Dollars” Directly To “Each American”

The FED Is Preparing To Deposit “Digital Dollars” Directly To “Each American”

Legislation has proposed that each American have an account at the FED in which digital dollars could be deposited, as liabilities of the Federal Reserve Banks, which could be used for emergency payments. Over the past decade, the one common...
read more
Debt and Oil Economies

Debt and Oil Economies

Dubai. Abu Dhabi. Bahrain. And, of course, Saudi Arabia. The emirates this year issued debt for the first time in years. So did Bahrain. Saudi Arabia stepped up its debt issuance. The moves are typical for the oil-dependent Gulf economies. When...
read more
GE will stop building coal-fired power plants

GE will stop building coal-fired power plants

In a very slow reversal, one of the world’s biggest makers of coal-fired power plants is to exit the market and focus on greener alternatives. US industrial giant General Electric said it would shut or sell sites as it prioritised...
read more
ARM and Nvidia chips could seriously challenge Intel and AMD

ARM and Nvidia chips could seriously challenge Intel and AMD

Nvidia’s only CPU and mobile-centric hardware has been the Tegra line of SoCs. These were found in a few mobile devices some years ago; the Google Nexus 7 had a Tegra chipset for example. But Nvidia has mostly stuck with...
read more
Raytheon to axe more than 15,000 jobs

Raytheon to axe more than 15,000 jobs

Raytheon Technologies Corp. plans to eliminate more than 15,000 jobs this year at its corporate offices, jet engine-maker Pratt & Whitney and aviation and military equipment manufacturer Collins Aerospace amid a broad downturn in the airline industry Total...
read more
Carnival Cruise Line Cancels Trips Into Spring

Carnival Cruise Line Cancels Trips Into Spring

Carnival Cruise Line is canceling sailings into early 2021 and is also selling two of its ships as pandemic continues to tremendously affect the travel industry. Announced this week, the cruise line canceled cruises on both their Carnival Magic and...
read more
How the Aerospace and Airlines Sector See the Speed of Recovery

How the Aerospace and Airlines Sector See the Speed of Recovery

The timeline for a passenger traffic recovery remains uncertain. The IATA does not expect passenger traffic to return to pre-COVID-19 levels until 2024. Leeham Co. predicts that it will take four to eight years before traffic returns to pre-COVID-19 levels....
read more
Gilead agrees to acquire Immunomedics for $21 billion

Gilead agrees to acquire Immunomedics for $21 billion

Immunomedics soars 106% after Gilead agrees to acquire the cancer-drug company for $21 billion. Gilead’s proposed $21 billion acquisition of Immunomedics sent shares of the cancer-drug company soaring as much as 106% on Monday. Immunomedics develope...
read more
Nvidia buyout of ARM for $40 billion is imminent

Nvidia buyout of ARM for $40 billion is imminent

SoftBank is preparing to sell chipmaker ARM to Nvidia as early as next week in a deal worth more than $40 billion, The Wall Street Journal reported. Rumors of the deal began circulating in July, and Nvidia has been reported to be...
read more
Volkswagen’s Traton ups bid for Navistar to $3.6 billion

Volkswagen’s Traton ups bid for Navistar to $3.6 billion

Traton SE announced that it increased its offer for the acquisition of all outstanding shares of truck manufacturer Navistar International Corp. to $43 a share in cash from $35 a share. Volkswagen AG-subsidiary Traton already holds 16.8% of Illinois-based Navi...
read more
MSM Journalists Hate Assange Because He’s Broken More Blockbuster Stories Than All MSM Combined

MSM Journalists Hate Assange Because He’s Broken More Blockbuster Stories Than All MSM Combined

In UK, a trial is underway with journalist Julian Assange, who published US war crimes via platform WikiLeaks. “Nonsense!” — Julian Assange shouted as during the second day of his resumed extradition hearing US federal government attorney James...
read more
General Motors takes $2 billion stake in waporware company Nikola

General Motors takes $2 billion stake in waporware company Nikola

Nikola and General Motors today announced a strategic partnership. Through the deal, GM gets 11% ownership in startup Nikola, and will, in turn, produce Nikola’s wild fuel cell pickup truck by the end of 2022. Both companies’ shares jumped on...
read more