WeWork Losing $3.2 Billion Last Year, In Talks With SPAC

WeWork Losing $3.2 Billion Last Year, In Talks With SPAC

The fact that potential investors were even taking meetings with Tel Aviv playboy managed WeWork is a sign of just how few suitable takeover opportunities remain in a market that has been saturated by SPACs (following a decade-plus post-crisis bull...
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Household Portfolios Are Oversized, Unbalanced, & Vulnerable

Household Portfolios Are Oversized, Unbalanced, & Vulnerable

Once again, household portfolios are oversized and unbalanced, driven higher by a massive gain in a single asset (equities). Unbalanced portfolios have proven to be vulnerable to abrupt and sharp corrections. Will history repeat? The most significant vulnerabi...
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Morgan Stanley Becomes First Major US Bank To Offer Crypto Funds

Morgan Stanley Becomes First Major US Bank To Offer Crypto Funds

Morgan Stanley is about to become the first major US bank to offer its wealth-management client access to cryptocurrency funds. In a major coup for former hedge fund manager Mike Novogratz, a veteran crypto bull who held on during the...
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GE Sells Aircraft-Leasing Unit to AerCap for $31 Billion

GE Sells Aircraft-Leasing Unit to AerCap for $31 Billion

General Electric (NYSE:GE) took the next step in its dramatic transformation under CEO Larry Culp. The industrial titan finalized a deal to sell its GECAS aircraft-leasing business to top rival AerCap (NYSE:AER) as Culp seeks to simplify GE and refocus on...
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Cathie Wood Warns Of Stock Market Correction

Cathie Wood Warns Of Stock Market Correction

ARK Invest’s CIO Cathie Wood joined CNBC’s Scott Wapner last week. She warned of the increasing risk of a stock market correction if rates continue to “sharply” rise. Wood went on to say: “Now one of the things that I found inte...
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We Officially Have Central Planning With No Plan

We Officially Have Central Planning With No Plan

Rabobank analyst: Yet this is CENTRAL PLANNING WITH NO PLAN. One does not have to be an advocate of MMT to see its promise to directly employ people to do something society wants is more logical than pouring trillions into markets –like candy...
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Professor Dr. Roland Wiesendanger, University of Hamburg: Laboratory Accident Most Likely Cause Of Coronavirus Pandemic

Professor Dr. Roland Wiesendanger, University of Hamburg: Laboratory Accident Most Likely Cause Of Coronavirus Pandemic

“A research group at the Wuhan City Virological Institute has been genetically manipulating coronaviruses for many years with the goal of making them more contagious, dangerous and deadly to humans…” Unlike previous coronavirus-related epidem...
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F-15EX Flies For First Time

F-15EX Flies For First Time

The F-15EX took off and landed from St. Louis Lambert International Airport in Missouri on Tuesday, completing a 90-minute test flight before returning to the airport. Matt Giese, Boeing F-15EX’s chief test pilot, said the new fighter jet is packed...
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Commodities Are Soaring 25%

Commodities Are Soaring 25%

As BMO’s Doug Porter shows, the year-over-year rise in a basket of commodity prices (and they mostly all show a similar pattern) is now a bit above 25%. This is a problem because in the past 20 years, that’s been consistent with headline inflation....
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Robinhood shelves IPO plans after GameStop PR disaster

Robinhood shelves IPO plans after GameStop PR disaster

Planned Robinhood IPO is reportedly off the cards for now as Robinhood continues to deal with the fallout from the GameStop saga, and the resultant plunge in public confidence. Trading app Robinhood may have put its plans for an initial...
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Global notebook shipments surge to 60 million units in 4Q20

Global notebook shipments surge to 60 million units in 4Q20

Global notebook shipments, excluding detachable models, surged over 10% sequentially to hit a fresh high of 60 million units in fourth-quarter 2020, mainly driven by robust demand for remote work and study amid the worsening pandemic woes, year-end e-commerce ...
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Rolls-Royce warns on £2bn cash outflow

Rolls-Royce warns on £2bn cash outflow

Rolls-Royce has slashed its forecast of flying hours and expects to burn through £2bn in cash this year, as uncertainty about the new coronavirus variants and increased travel restrictions put the brakes on a recovery in air travel. The engine-maker...
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Even Goldman Sachs warns of a dangerous bubble

Even Goldman Sachs warns of a dangerous bubble

Goldman Sachs warns of a dangerous bubble, particularly in these 39 stocks: Goldman Sachs isn’t yet ready to state the euphoric stock market is one big bubble nearing an epic pop all over the faces of Wall Street bulls, but...
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Biden to cancel $9bn Keystone XL pipeline’s permit

Biden to cancel $9bn Keystone XL pipeline’s permit

Joe Biden is planning to cancel the permit for the $9bn Keystone XL pipeline project as one of his first acts as president, perhaps as soon as his first day in office, according to a source familiar with his thinking. Donald Trump...
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PC market posts 25% year-on-year growth in Q4 2020

PC market posts 25% year-on-year growth in Q4 2020

According to the latest IDC analysis, the global PC market grew for a third quarter in a row recording an impressive 13% growth compared to Q3 2020 thanks to the increased demand during the holiday season. But even compared to...
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