Fed Extends Emergency Lending Programs Through End Of Year

Fed Extends Emergency Lending Programs Through End Of Year

US stock prices are at record highs and credit spreads near record lows amid hopes and prayers for the v-shaped recovery which has already sent US macro surprise data soaring. But, it appears The Fed is not buying the bounce...
read more
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,...
read more
Intel’s 7nm is Crap, Company Announces Delay Until 2022, 2023

Intel’s 7nm is Crap, Company Announces Delay Until 2022, 2023

Intel announced today in its Q2 2020 earnings release that it has now delayed the rollout of its 7nm CPUs by six months relative to its previously-planned release date, undoubtedly resulting in wide-ranging delays to the company’s roadmaps. Intel’s...
read more
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...
read more
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...
read more
Chevron will buy Noble Energy for $5 billion, the biggest oil deal since the oil crash

Chevron will buy Noble Energy for $5 billion, the biggest oil deal since the oil crash

Chevron announced Monday it would acquire Noble Energy (NBL) for $5 billion. It’s the biggest energy deal since the pandemic decimated the oil industry. Noble shareholders will receive Chevron stock in this all-stock transaction. Chevron shares traded in...
read more
Massive outage hits Cloudflare

Massive outage hits Cloudflare

The US-based company that offers DDoS protection to its customers, reportedly came under a distributed denial of service cyber attack itself. A major outage has reportedly struck Cloudflare, a website-security company that caters to an array of websites, shutt...
read more
Boeing has lost more than 800 orders for the 737 MAX this year

Boeing has lost more than 800 orders for the 737 MAX this year

Also Boeing’s Q2 commercial airplane deliveries drop 78% from last year. Though Boeing now anticipates U.S. federal approval to unground its 737 MAX in September, company data released Tuesday shows that in the first half of this year the manufacturer l...
read more
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...
read more
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...
read more
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...
read more
JPMorgan Turns Bearish

JPMorgan Turns Bearish

JPMorgan Turns Bearish, Sees Unattractive Risk-Reward For Stocks In H2. It may come as a surprise to some, but just two weeks after JPMorgan said it was turning bullish on the US, officially upgrading US equities to Overweight after holding a missing...
read more
Warren Buffett’s Berkshire Hathaway buys Dominion Energy gas lines in $9.7B deal

Warren Buffett’s Berkshire Hathaway buys Dominion Energy gas lines in $9.7B deal

Extremely risky, even suicidal. The energy division of Warren Buffett’s Berkshire Hathaway will acquire gas lines owned by the power company Dominion Energy in a nearly $10 billion deal, the two companies announced Sunday. Dominion has sought to expan...
read more
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...
read more
Shell Warns Of Massive $22 Billion Write Down

Shell Warns Of Massive $22 Billion Write Down

Royal Dutch Shell warned on Tuesday it could take as much as a $22-billion post-tax impairment charge for Q2, becoming the latest oil major warning of a massive write-down of its assets as it revised its price assumptions after the oil price...
read more
1 29 30 31 32 33 55