Category: Business

Bailouts for the Rich, the Virus for the Rest of Us
29. 3. 2020 No Responses

Bailouts for the Rich, the Virus for the Rest of Us

For the second time in a generation, the President and Congress are creating an artificial economy under the guise of ‘saving the economy.’ Through bailouts for the executives of corporations and institutions whose coffers have been emptied for their own...
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The Real Reason for The Rescue: JPM and Citi Have $2.96 Trillion in Exposure to CDS
27. 3. 2020 No Responses

The Real Reason for The Rescue: JPM and Citi Have $2.96 Trillion in Exposure to CDS

JPMorgan Chase and Citibank Have $2.96 Trillion in Exposure to Credit Default Swaps. According to the most recent report from the regulator of national banks, the Office of the Comptroller of the Currency (OCC), JPMorgan Chase has exposure to $1.2 trillion i...
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Ford and 3M Designers Making Respirators Out of F-150 Seat Coolers
26. 3. 2020 No Responses

Ford and 3M Designers Making Respirators Out of F-150 Seat Coolers

Ford and 3M Designers Go MacGyver, Making Respirators Out of F-150 Seat Coolers, Power Tool Batteries and Pool Supply Hoses. Their creative collaboration combines off-the-shelf components with digital fabrication and ingenuity. To help fight the COVID-19 crisi...
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Key Points of $2 Trillion Stimulus Package
25. 3. 2020 No Responses

Key Points of $2 Trillion Stimulus Package

While it will take some time to sort through all the pork contained in the massive $2 trillion coronavirus legislation negotiated between the Trump administration and Congressional leaders early Wednesday, here are some of the major provisions. The bill &#8211...
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Lufthansa to Cut 95% of Flights
19. 3. 2020 No Responses

Lufthansa to Cut 95% of Flights

Lufthansa to cut 95% of the fleet in survival mode. Three of the world’s leading airlines laid bare the devastation the epidemic is inflicting on air travel, with Deutsche Lufthansa AG and Delta Air Lines Inc. parking a total of 1,500...
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Boeing Seeks “A Minimum $60 Billion” Government Bailout
18. 3. 2020 No Responses

Boeing Seeks “A Minimum $60 Billion” Government Bailout

Aerospace giant Boeing seeks “a minimum $60 Billion” government bailout after fully drawing-down $13 Billion credit line. This bailout demand comes after the company blew nearly $100 billion on  stock buybacks since 2013helping push its stock to...
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IATA: Airlines Urgently Need $200B In Capital
17. 3. 2020 No Responses

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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Global Liquidation Continues Despite Massive Monetary Intervention
16. 3. 2020 No Responses

Global Liquidation Continues Despite Massive Monetary Intervention

Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program i.e. QE5. US Futures were halted limit-down overnight, and when cash markets opened, they were halted (down over 7%) before rallying all the way back up...
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FED Unveiled $3 Trillion Repo Bailout, Expands “Not QE4” To Genuine QE5
12. 3. 2020 No Responses

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
9. 3. 2020 No Responses

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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Boston FED’s Rosengren Revealed FED May Soon Have To Buy Stocks
6. 3. 2020 No Responses

Boston FED’s Rosengren Revealed FED May Soon Have To Buy Stocks

Three weeks ago, former FED Chair Janet Yellen incepted the idea that during the next crisis, the FED should consider expanding the range of assets it would purchase, most notably buying stocks. Well, thanks to experiments conducted in a Chinese BSL-4...
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Cutting Rates Is Now About As Relevant As Painting A Sinking Ship
5. 3. 2020 No Responses

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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New Cars Planned for Cancelled Geneve Autosalon
4. 3. 2020 No Responses

New Cars Planned for Cancelled Geneve Autosalon

Aston Martin V12 Speedster Engine V12 5.2 litres 700 HP, RWD, Max speed 300 km/h. Only 88 copies – limited edition. Prices starts at 765,000 pounds.   Hispano Suiza Carmen Boulogne (limited edition) Two electric engines, combined power 1.115 HP...
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Chevron Plans to Return $80 Billion to Shareholders Over Five Years
3. 3. 2020 No Responses

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
28. 2. 2020 No Responses

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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