Japan scrapped a $4.2 Billion US missile system

Japan scrapped a $4.2 Billion US missile system

Washington and Tokyo have been allies for 60 years. Both agree they’re spending too much. Japanese Defense Minister Taro Kono was seething after a June 3 briefing in his office. “Why didn’t you figure that out sooner?” he snapped. Officials...
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The World Is Facing A Solar Panel Waste Problem

The World Is Facing A Solar Panel Waste Problem

Solar panel installations hit a total 629 GW last year–an increase of 12 percent from 2018. It was also a lot—really a lot—of panels. And in a few years, these panels could become a major waste management headache. Solar panels...
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TikTok countdown: Trump to give Chinese owner 45 days ultimatum

TikTok countdown: Trump to give Chinese owner 45 days ultimatum

United States President Donald Trump has agreed to give China’s ByteDance 45 days to negotiate a sale of popular short-video app TikTok to Microsoft Corp, two people familiar with the matter told the Reuters News Agency. US officials have said...
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Boeing Posts Massive Loss, Burns $5.3 Billion As Debt Explodes

Boeing Posts Massive Loss, Burns $5.3 Billion As Debt Explodes

Boeing reported another dismal quarter, helping the company emerge as one of the companies most directly impacted by the global covid pandemic. For the second quarter Boeing, which said that results are still significantly impacted by Covid-19, reported a 25%...
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Hubble’s brand new image of Saturn

Hubble’s brand new image of Saturn

Yes, this is a real image of Saturn. NASA’s Hubble Space Telescope captured a new, exceptionally crisp picture of the ringed gas giant in early July, and the space agency posted the image of the planet on Thursday. “Hubble’s sharp...
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Gundlach Says “Classic Bear Market Rally” Reminds Him Of 1999 Dot.com Bubble

Gundlach Says “Classic Bear Market Rally” Reminds Him Of 1999 Dot.com Bubble

Jeffrey Gundlach, the billionaire chief investment officer of DoubleLine Capital, was quoted by Reuters on Friday as saying the stock market’s parabolic move in the last couple of months reminds him of the days right before the Dot Com bust. Gundlach,...
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Hedge Fund Flows Are All That Matter

Hedge Fund Flows Are All That Matter

Hedge Fund Flows Are All That Matter, New Study Finds. With every passing day, the bizarre central banks orchestrated freakshow that was once known as the “market” gets even more bizarre. And we use the term “market” in its loosest, l...
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U.S. Fracking Services Pioneer Files For Bankruptcy

U.S. Fracking Services Pioneer Files For Bankruptcy

Tomball-based BJ Services LLC has filed for Chapter 11 bankruptcy protection, bringing hundreds of millions of dollars in debt to the court. BJ, an oil field services company partially owned by Houston-based Baker Hughes Co. (NYSE: BKR), is looking to...
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Ford unveils new Bronco for under $30,000

Ford unveils new Bronco for under $30,000

Ford unveiled its new “family” of Bronco SUVs Monday night, including two- and four-door Bronco SUVs as well as a smaller Bronco Sport SUV. The Bronco models are clearly positioned against Fiat Chrysler’s Jeep brand. Ford Motor is taking a run...
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FED is Tightening, Repo Loans Hit Zero

FED is Tightening, Repo Loans Hit Zero

FED is Tightening, Repo Loans Hit Zero; FED Balance Sheet Shrinks by $248 Billion in a Month. Beginning on September 17 of last year, months before the first COVID-19 case had been discovered anywhere in the world, the Federal Reserve...
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Head Of NY Fed’s Trading Desk: “Fed’s Purchases May Stop Entirely”

Head Of NY Fed’s Trading Desk: “Fed’s Purchases May Stop Entirely”

Head Of NY Fed’s Trading Desk Says If Markets Continue Improving, Fed’s Purchases May Stop Entirely. Stocks have gone nowhere since the Fed’s balance sheet started shrinking modestly in mid-June. This morning, Miller Tabak picked up on this...
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Daimler CEO Kallenius Warns of Drastic Pay Cuts

Daimler CEO Kallenius Warns of Drastic Pay Cuts

Daimler AG CEO Ola Kallenius said the maker of Mercedes-Benz cars and the industry as a whole face painful cutbacks to overcome the economic fallout of the COVID-19 pandemic. The virus outbreak will force manufacturers to do more significant restructuring...
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Daughter of an ex-Czechoslovak billionaire, Ghislaine Maxwell arrested for serious crimes

Daughter of an ex-Czechoslovak billionaire, Ghislaine Maxwell arrested for serious crimes

Long term friend of criminal Jeffrey Epstein, who was suicided in prison, and also friend of Donald Trump, and the alleged MOSSAD operative, Ghislaine Maxwell was arrested in New Hampshire for serious crimes. The Ghislaine Maxwell indictment – charges in...
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Chesapeake Energy Files For Bankruptcy, Wiping Out $7 Billion In Debt

Chesapeake Energy Files For Bankruptcy, Wiping Out $7 Billion In Debt

After years of melting, the Chesapeake icecube is finally history: at exactly 3:50pm on Sunday afternoon, the company that launched the US shale boom, finally gave up and filed for a pre-packaged bankruptcy in the Southern District of Texas. In...
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KFC Unveils Robotized Store

KFC Unveils Robotized Store

Restaurant Of The Post-Pandemic Future – Fast-food chain Kentucky Fried Chicken (KFC) has debuted the “restaurant of the future,” one where automation dominates the storefront, and little to no interaction is seen between customers and emp...
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