Airbnb has put to rest speculation about the timing of its IPO. The vacation rental company today took the rare step of announcing in a press release that it plans to go public next year, in 2020. The startup, which…
Allianz Global Wealth Report: Financial assets fall for the first time since the financial crisis
For the first time since the financial crisis of 2008, global private wealth shrank last year. This was determined by the insurance group Allianz in its Global Wealth Report 2018. Accordingly, global gross financial assets decreased by 0.1 percent year-on-year…
Marshall Islands Creating New Cryptocurrency For De-Dollarize Purpose
The Republic of the Marshall Islands has been using the US dollar since 1979. But in a new Bloomberg report and a statement from a senior Marshall Islands official, that could all change as the country with a population of 75,000 could soon issue a…
ICCF-22 International Conference on Condensed Matter in Assisi, Italy
Lutz Jaitner talks at ICCF-22 about some observations of strange physical phenomenon where electrons and matter form a special state which are predicted to have extreme internal forces that lead to non-standard behaviour.
Massive Fires And Explosions Erupt After Drone Strike Hits World’s Largest Oil Processing Facility In Saudi Arabia
What appears to be the most devastating Yemen Houthi rebel attack on Saudi Arabia to date, took place overnight on the world’s largest oil processing facility as stunning videos emerged of massive explosions rocking the major Aramco Buqyaq facility and Khurais oil field. Fires…
WeWork Valuation Crashes From $47 Billion To As Low As $10 Billion
The We Company’s underwriters must be having serious trouble securing orders for WeWork’s planned IPO, because in what is at least the fourth reported downgrade to the company’s valuation in less than 10 days, Reuters reports that the company might try to…
Frankfurt 2019: BMW Concept 4, Nissan parody in Francfort and Hyundai retro EV
BMW Concept 4 Debuts With Massive Double Kidney Grille BMW has revealed the Concept 4 Series Coupé at the Frankfurt motor show, previewing radically revamped styling for the second-generation version of the two-door coupé, set to launch in late 2020…
Warmonger and Ultra-Zionist National Security Advisor John Bolton Fired
Dangerous beyond thinkable domains, uber-hawkish, ultra-zionist unconditional supporter of brutal and murderous zionist regime, Trump’s third National Security Advisor John Bolton was finally fired. The whole Planet Earth is a few steps back from the start of World War 3…
2019 Frankfurt Auto Show Starts
New 2020 Volkswagen ID.3: electric car arrives at Frankfurt The VW ID.3 arrives with a choice of three different battery sizes, with top spec models offering a range of between 242 and 342 miles. This is the Volkswagen ID.3, the…
BNP Research: Tough Road Ahead for Oil
New research, led by Mark Lewis, Global Head of Sustainability Research at BNP Paribas Asset Management, shows that oil needs a long-term breakeven price of USD 10 – 20/barrel to remain competitive in mobility in his report Wells, Wires and…
100 Years Ago, This Was The World’s Most Disruptive Technology
The history of US consumerism starts with the Sears Roebuck mail order catalog. Yes, the very same Sears that is struggling to emerge from bankruptcy today. But 125 years ago the company was every bit the disruptive innovator. A brief summary…
Heavy-Duty Truck Orders Collapsed 80% Y/Y
Production slashed, cancellation orders soar. New reports from the trucking industry show the transportation recession continues to gain momentum through the end of summer, likely to continue through 2019 into 1H20. The US trucking industry had a blockbuster year in…
August Car Sales: Hyundai, KIA, VW, Volvo, Porsche Up, While Infiniti and Mazda Falling Fast
August was a strong month in a not-so stellar year for overall car sales, and it saw the continued growth of everyone’s favorite trend: crossover and truck numbers dominating sedans and coupes. Toyota/Lexus (248,334 sales | ⇣ 0.7 percent YTD) The…
When a bully is too much bullying, others negotiate alliances
China and Iran have negotiated a strategic partnership. Iran’s foreign minister Mohammad Zarif paid a visit to his Chinese counterpart Wang Li at the end of August to present a road map for the China-Iran comprehensive 25 years strategic partnership. The central…
Negative Interest Rates Threaten The Entire Financial System
The End Is Unforeseeable. Former Federal Reserve Chairman Alan Greenspan recently said he wouldn’t be surprised if yields on U.S. bonds turned negative and if they do, it wouldn’t be “that big a of a deal.” That seems to be a sentiment widely…