Category: Business

Commodities Are Soaring 25%
7. 2. 2021 No Responses

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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False Rumor: KIA Reportedly Prepping Apple Car In U.S.
5. 2. 2021 No Responses

False Rumor: KIA Reportedly Prepping Apple Car In U.S.

KIA is apparently preparing to build an Apple car in the United States. The legacy automaker has reportedly “approached potential partners about a plan to assemble Apple Inc.’s long-awaited electric car in Georgia,” according to Dow Jones. T...
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Robinhood shelves IPO plans after GameStop PR disaster
2. 2. 2021 No Responses

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
1. 2. 2021 No Responses

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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Melvin Capital Lost A Stunning $7 Billion In January
31. 1. 2021 No Responses

Melvin Capital Lost A Stunning $7 Billion In January

It started the year with about $12.5 billion and now runs more than $8 billion. The current figure includes $2.75 billion in emergency funds Citadel LLC, its partners and Mr. Cohen’s Point72 Asset Management injected into the hedge fund last...
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Trans-Pacific Trade At Max-Capacity Ceiling
29. 1. 2021 No Responses

Trans-Pacific Trade At Max-Capacity Ceiling

Container volumes in the Asia-U.S. trans-Pacific trade have hit their limit. Massive port congestion in the ports of Los Angeles and Long Beach is forcing ocean carriers to take extreme measures. Sailings are now being “blanked” (canceled) not because of.....
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Rolls-Royce warns on £2bn cash outflow
26. 1. 2021 No Responses

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
25. 1. 2021 No Responses

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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The FED’s binary choice
22. 1. 2021 No Responses

The FED’s binary choice

The FED has a binary choice: preserve America’s global hegemony or further enrich the billionaires. And the Khazarian Criminal Organisation can’t get both. Khazarian Criminal Organisation will fail as a result of three dynamics: diminishing retur...
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Biden to cancel $9bn Keystone XL pipeline’s permit
18. 1. 2021 No Responses

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
13. 1. 2021 No Responses

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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US Navy’s new Constellation-class frigate
12. 1. 2021 No Responses

US Navy’s new Constellation-class frigate

The U.S. Navy’s next-generation frigate, the Constellation class, is a do-or-die effort for the service and a critical test of its return to building ships around existing technologies rather than designing them around technologies in development. In a roun...
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Russia will soon test Sarmat ICBM
3. 1. 2021 No Responses

Russia will soon test Sarmat ICBM

Russian strategic forces will soon test Sarmat ICBM capable of beating any defenses. Russia is planning to conduct “in the near future” flight tests of its new intercontinental ballistic missile, which it says is capable of beating any defense systems....
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Exxon Set For Another Loss After $20 Billion Write-Down
2. 1. 2021 No Responses

Exxon Set For Another Loss After $20 Billion Write-Down

ExxonMobil is on track to book another quarterly loss this year – its fourth consecutive loss in 2020 – announcing that it expects to book a massive up to $20 billion write-down for Q4, the U.S. oil and gas supermajor...
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Bitcoin Tops $29k, Surpasses Berkshire Hathaway’s Market Cap
31. 12. 2020 No Responses

Bitcoin Tops $29k, Surpasses Berkshire Hathaway’s Market Cap

Empty shell crypto Bitcoin surged above $29,000 overnight and, despite a quick dump (that we’ve seen at each big figure break), has stabilized there as mainstream interest and trading activity soars. And at $539 billion, the largest cryptocurrency surp...
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