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…
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…
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 observations, writing that “Maybe we’re wrong. …
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…
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 expand its pipelines along the…
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…
Neutral hydrogen from other galaxies detected for first time
In a development that could finally shed light on dark matter, an international team of scientists have detected neutral hydrogen atoms, from a galaxy other than our own, for the very first time. The finding came thanks to the enormous…
Daughter of an ex-Czechoslovak billionaire, Ghislaine Maxwell arrested for serious crimes
Long term friend of criminal Jeffrey Epstein, who was suicided in prison, and also friend of Donald Trump, and the alleged MOSSAD operative, Ghislaine Maxwell was arrested in New Hampshire for serious crimes. The Ghislaine Maxwell indictment – charges include:…
Physicists see extremely strong light, high heat from nanogaps between plasmonic electrodes
Seeing light emerge from a nanoscale experiment didn’t come as a big surprise to Rice University physicists. But it got their attention when that light was 10,000 times brighter than they expected. Condensed matter physicist Doug Natelson and his colleagues…
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…
Chesapeake Energy Files For Bankruptcy, Wiping Out $7 Billion In Debt
After years of melting, the Chesapeake icecube is finally history: at exactly 3:50pm on Sunday afternoon, the company that launched the US shale boom, finally gave up and filed for a pre-packaged bankruptcy in the Southern District of Texas. In…
Mercedes-Benz Will Have Autonomous Capability
Mercedes-Benz and Nvidia are going to build a new software-defined computing architecture for automated vehicles based on the Nvidia DRIVE platform that will be installed across the fleet of next-generation Mercedes-Benz vehicles, starting in 2024. “It’s really a transformative business…
KFC Unveils Robotized Store
Restaurant Of The Post-Pandemic Future – Fast-food chain Kentucky Fried Chicken (KFC) has debuted the “restaurant of the future,” one where automation dominates the storefront, and little to no interaction is seen between customers and employees, reported NBC News. After the chicken is fried…
After 84 years, Olympus quits camera business
Olympus, once one of the world’s biggest camera brands, is selling off that part of its business after 84 years. The company said that despite its best efforts, the “extremely severe digital camera market” was no longer profitable. The arrival…
Canada Loses Its AAA Rating
So actually CanadAA+, Fitch Ratings has downgraded Canada’s Long-Term Foreign Currency Issuer Default Rating (IDR) to AA+ from AAA (outlook stable) citing the deterioration of Canada’s public finances resulting from the pandemic. FX markets chewed the headline and extended the losses on…