RSS Zero Hedge

  • Democrats Introduce Resolution To Overturn Trump's National Border Emergency February 22, 2019
    House Democrats introduced a resolution on Friday to block President Trump's Feb. 15 emergency declaration on the southern border, according to The Hill. Trump took the step to free up as much as $8 billion in funding for his long-promised southern border wall.  The resolution sponsored by Rep. Joaquin Castro (D-Texas) had 222 cosponsors. The measure is expected to pass […]
    Tyler Durden
  • NJ Bill Would Ban Trump From 2020 Ballot Unless He Releases Tax Returns February 22, 2019
    A bill introduced by New Jersey Democrats would keep President Trump's name off the state's 2020 ballot unless he releases his tax returns, according to NorthJersey.com. The new legislation, approved Thursday by the state Senate, was passed once before in 2017 only to be vetoed by then-Gov. Chris Christie. It would keep any candidate from appearing […]
    Tyler Durden
  • Yesterday's Perfect Recession Warning May Be Failing You February 22, 2019
    Authored by Michael Lebowitz via RealInvestmentAdvice.com, Recently, Wall Street and the Financial Media have brought much attention to the flattening and possible inversion of the U.S. Treasury yield curve.  Given the fact that an inversion of the 2s/10s Treasury yield curve has predicted every recession over the last forty years, it is no wonder that […]
    Tyler Durden
  • Rabobank: Are Commentators Still Under The Illusion China Has A Market-Based Financial System February 22, 2019
    Submitted by Michael Every of Rabobank As we move into the final stretch of the second round of US-China trade talks markets are reaching fever-pitch. If they weren’t already nervous at the prospect of things going wrong the slew of weak data yesterday from the US and re: global manufacturing were a stark reminder that […]
    Tyler Durden
  • EU Targets Caterpillar, Samsonite & Xerox For Auto-Tariff Retaliation  February 22, 2019
    As bureaucrats in Brussels wait for the other shoe to drop following the completion of the Commerce Department's report on whether auto imports represented a "national security threat" (spoiler: they do), they are once again making it clear to the White House that, if it follows through with 25% tariffs on imported cars and car […]
    Tyler Durden
  • Buffett Bruised As Kraft Crashes To Record Low After "Barrage Of Bad News" February 22, 2019
    Kraft Heinz has crashed 25% ahead of today's open after writing down the value of some of its best-known brands in an acknowledgment that changing consumer tastes have destroyed the value of some of the company’s most iconic products. This is not your typical “reset the base and everything will be fine” story; the earnings […]
    Tyler Durden
  • IRS Agent Charged In Leak Of Michael Cohen Transactions To Michael Avenatti February 22, 2019
    An Internal Revenue Service agent was charged on Thursday with unlawfully leaking former Trump attorney Michael Cohen's overseas financial tractions to attorney Michael Avenatti.  John C. Fry, an analyst in the San Francisco IRS office who had worked for the agency since 2008, was charged with disclosing Cohen's Suspicious Activity Reports (SARs) - nine months […]
    Tyler Durden
  • SocGen To Fire Thousands Of Bankers February 22, 2019
    As restrictive regulations (MiFid II forced the separation of banks' trading and research businesses) and intensifying competition from American rivals continues to hamstring once-proud European investment banks, SocGen is reportedly the latest continental titan preparing to dramatically reduce the size of its Global Banking and Investor Solutions unit - cuts that could include thousands of […]
    Tyler Durden
  • Markets Confident Of Deadline Extension As Trump Meets Top Chinese Trade Official February 22, 2019
    As anybody who has been paying attention to the market over the past 2 months is aware, the multi-month rally in stocks has in large part - in addition to the now quite explicit central bank support - been driven by jawboning from President Trump and senior administration officials, who haven't missed an opportunity to […]
    Tyler Durden
  • "Sea Of Green" Across World Markets As Trade Talk Optimism Storms Back February 22, 2019
    One day after Bad economic news was briefly bad news again - when a barrage of US economic data misses hammered the S&P - the trusty old "trade talk optimism" is back with a vengeance, and the result is a sea of green in global markets, with European stocks and US equity futures trading at […]
    Tyler Durden
Facebook Comments