Governor Cuomo Orders NY Lockdown, GS Now Expects A Record 24% Crash In Q2 GDP

Governor Cuomo Orders NY Lockdown, GS Now Expects A Record 24% Crash In Q2 GDP

Cuomo Orders 100% Of New Yorkers To Stay Home. The morning after California laid out the most restrictive measures to combat the virus in the US, NY Gov. Andrew Cuomo on Friday laid out new measures for New York State...
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IATA: Airlines Urgently Need $200B In Capital

IATA: Airlines Urgently Need $200B In Capital

Global airlines running out of cash, need government support. Swift government action is needed to help global airlines that are in a desperate situation and running out of cash, the International Air Transport Association warned on a media call on...
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Spain And France Declare Lockdowns, Berlin Shuts Museums And Brothels

Spain And France Declare Lockdowns, Berlin Shuts Museums And Brothels

Spainish impose 15-day lockdown effective immediately. France announces national lockdown. Berlin shuts museums, bars and even brothels, in tough crackdown on virus spread. Spanish Prime Minister Pedro Sanchez has signed the emergency decree Spain under an I...
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FED Unveiled $3 Trillion Repo Bailout, Expands “Not QE4” To Genuine QE5

FED Unveiled $3 Trillion Repo Bailout, Expands “Not QE4” To Genuine QE5

After increases in its repo facility twice already this week, from $100billion to $150billion to $175billion per day, and adding added a new 1-month term repo facility, the New York Fed just stunned the market and fired its biggest bazooka...
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Banks, Big Oil, Boeing Stocks Crashed Spectacularly, Biggest Crash Since Lehman Event

Banks, Big Oil, Boeing Stocks Crashed Spectacularly, Biggest Crash Since Lehman Event

When two black swans collide and third is en route. Folks, it is just warm-up lap. $2.5 Trillion wiped out as world stocks crash most since 2008. Bank of America, Citigroup, Deutsche Bank, Commerzbank down 14 percent, British Petroleum crashed...
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Cutting Rates Is Now About As Relevant As Painting A Sinking Ship

Cutting Rates Is Now About As Relevant As Painting A Sinking Ship

The bear market rally probably didn’t persuade anyone the epidemic crisis is over. Nevertheless there are a surprising number of articles saying manufacturing production is recovering rapidly in China – although the weather satellites show rising NOx ...
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Chevron Plans to Return $80 Billion to Shareholders Over Five Years

Chevron Plans to Return $80 Billion to Shareholders Over Five Years

As era of oil is gradually ending, Chevron on Tuesday revealed plans to pay out as much as $80 billion in dividends and share buybacks over the next five years despite the recent sharp decline in oil prices that inevitably will...
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Markets Crash In Worst Week Since Lehman Event

Markets Crash In Worst Week Since Lehman Event

Friday’s market performance has traditionally been the weakest, even during the meltup phase ahead of the recent coronacrash, and as such it will probably not come as a surprise that today’s overnight rout which followed the biggest 6-day correctio...
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Soybean oil causes neurological changes, says animal study

Soybean oil causes neurological changes, says animal study

America’s favorite cooking oil causes neurological changes, says animal study by research team from University of California, Riverside. New research has shown that despite being marketed as a healthy alternative, soybean oil, America’s most popular oil, c...
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EU Auto Registrations Plunge Into Abyss

EU Auto Registrations Plunge Into Abyss

For months we have been commenting about how the global auto market is mired in recession. Most recently, we have been highlighting how China, one of the world’s largest economies and auto markets, has been exacerbating things with terrible sales numb...
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China sets up wartime measures in Wuhan, send 25,000 medical personnel

China sets up wartime measures in Wuhan, send 25,000 medical personnel

China Sends 25,000 Medical Personnel To Hubei As War Time Conditions Take Effect. 1,716 medical workers have been infected. China has sent new 217 medical rescue groups totaling 25,633 personnel to Hubei province to fight the outbreak. New wartime level quara...
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Less than 20% of employees expected to return to work in mainland China

Less than 20% of employees expected to return to work in mainland China

Less than 20% of Chinese factory employees would return to work after an extended Lunar New Year break due to the coronavirus outbreak, and many components plants in China have decided not to restart production until February 25 despite being...
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Phillipines’ Duterte to Order Termination of Defence Agreement With United States

Phillipines’ Duterte to Order Termination of Defence Agreement With United States

Since his election in 2016, President Rodrigo Duterte has reshaped the relationship between the Philippines and the United States: in late January 2019 he reportedly threatened to end a 1999 military agreement with Washington after it cancelled a tourist visa....
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New video of fake chemical attack in Syria already complete

New video of fake chemical attack in Syria already complete

Militants affiliated with al-Qaeda and ‘White Helmets’ are preparing to stage a chemical attack in Idlib province as Syrian army continues to advance, the Russian Reconciliation Center said citing a tip from local residents. New video of fake chemical att...
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Chevron loses $6.6B after huge writedown of North American shale

Chevron loses $6.6B after huge writedown of North American shale

Chevron posted a massive fourth-quarter loss after taking $10.4 billion worth of writedowns related to North American shale projects. The San Ramon, California-based oil giant lost $6.6 billion, or $3.51 a share, in the three months through December as reve...
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