Category: Business

WeWork Losing $3.2 Billion Last Year, In Talks With SPAC
22. 3. 2021 No Responses

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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ARAMCO’s 2020 Profits Fell By 44%
21. 3. 2021 No Responses

ARAMCO’s 2020 Profits Fell By 44%

Saudi Aramco reported a net profit of $49 billion for 2020, down 44 percent on the year but still a positive figure despite the pandemic that plunged some major oil companies into the red. The company kept its annual dividend at $75...
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World After Countless QEs: A Shortage Of Everything
20. 3. 2021 No Responses

World After Countless QEs: A Shortage Of Everything

In last press conference, Jay Powell confirmed that the Fed is setting off on a historic experiment: welcoming a conflagration of red-hot inflation for an indefinite period of time in an overheating economy, with the underlying assumption that it’s all.....
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Treasury Injects A Record $271 BIllion In Cash In One Day
19. 3. 2021 No Responses

Treasury Injects A Record $271 BIllion In Cash In One Day

A month ago analysts noted that in line with the Treasury’s forecast for huge net debt drawdown in the current quarter, a record $1.1 trillion in cash and reserves was about to hit the market. Fast forward to today when...
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Household Portfolios Are Oversized, Unbalanced, & Vulnerable
18. 3. 2021 No Responses

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
16. 3. 2021 No Responses

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
11. 3. 2021 No Responses

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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GFC Alliance Lost Financing
5. 3. 2021 No Responses

GFC Alliance Lost Financing

Liberty Steel Group in Dire Straits Again as Mother Company GFC Alliance Lost Financing Sanjeev Gupta stops repayments to troubled lender Greensill Capital amid threat to UK steel jobs. The business empire headed by steel tycoon Sanjeev Gupta has stopped...
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JPMorgan Estimates Up To $316 Billion In Forced Month-End Selling
4. 3. 2021 No Responses

JPMorgan Estimates Up To $316 Billion In Forced Month-End Selling

In one of latest Flows and Liquidity reports, JPM quant Nick Panigirtzoglou writes that as we approach quarter-end, the equity rebalancing flow question is resurfacing in client conversations. As we notes, “the equity rally and the bond sell-off during t...
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Some folks just realized that 97% of all cryptos is empty shell
23. 2. 2021 No Responses

Some folks just realized that 97% of all cryptos is empty shell

Yes, famed Bitcoin constructed by mysterious Nakamoto, who not dare to take a few billions of his fortune, is empty shell. Some folks do not understand this truth, some folks realized this just now. It was very clear, that group...
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Cathie Wood Warns Of Stock Market Correction
22. 2. 2021 No Responses

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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Bumble – dating web for passive dumb men, had a net loss of $84.1 million
15. 2. 2021 No Responses

Bumble – dating web for passive dumb men, had a net loss of $84.1 million

Bumble – dating service website for passive and dumb men who prefer aggressive women, is worth over $7 billion, after very successful IPO. As numerous other losing businesses also Bumble hurried for IPO. In 2016, Bumble began to monetize its app...
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The Everything Bubble Has Become More Everything And More Bubble
10. 2. 2021 No Responses

The Everything Bubble Has Become More Everything And More Bubble

We are less than a month into the Biden administration, and despite a slight down-day for stocks on Tuesday, it is quite clear, according to a slew of commentators, that the Everything Bubble has become more Everything and more Bubble. The...
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F-15EX Flies For First Time
9. 2. 2021 No Responses

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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NASDAQ Turns 50
8. 2. 2021 No Responses

NASDAQ Turns 50

Monday marks the 50th birthday of the Nasdaq stock exchange, the world’s first fully electronic stock market and the second-largest exchange in the world in terms of market capitalization. Since stepping onto the scene in 1971, exchanges around the wo...
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