Billionaire Commencement Speaker Shocks Grads With Promise To Pay Off Student Loans
Article By:
Tyler Durden
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Sunday, May 19, 2019 9:10 PM EDT
A billionaire philanthropist and technology investor told the graduating class of Morehouse College that he would wipe out the student debt of the entire graduating class, estimated to be around $40 million.
White House Considers Economist Judy Shelton For Fed Board
Article By:
Menzie Chinn
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Sunday, May 12, 2019 10:35 PM EDT
Shelton, who’s served as an informal adviser to Trump, holds a Ph.D. in business administration with an emphasis on finance and international economics from the University of Utah.
A “Duty Of Care” For Facebook
Article By:
Shelly Palmer
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Sunday, May 12, 2019 6:03 AM EDT
French regulators have recommended that social networks should have a legal obligation to moderate hate speech published on their platforms. However, regulators have no idea how this would or should be accomplished.
In this article: FB
Policy By Tweet: US Announces New Tariffs On China
Article By:
Marc Chandler
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Sunday, May 5, 2019 11:37 PM EDT
Call it policy by tweet. President Trump announced new tariffs on China on the social media platform. Starting at the end of next week, the 10% tariffs will be raised to 25%.
Trump To Hike Tariff Rate On $200 Billion In Chinese Goods
Article By:
Mish Shedlock
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Sunday, May 5, 2019 9:29 PM EDT
Supposedly, trade talks with China are going "really well". The talks are going so well that Trump Says He Will Increase Tariffs on $200 Billion of Chinese Goods.
Goldman Predicts Lira Will Crash To All Time Low In 12 Months
Article By:
Tyler Durden
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Monday, April 29, 2019 7:39 AM EDT
Goldman projects TRY to fall to 6.25 in three months, 6.5 in six months, and crash to an all time low of 7 within 12 months, marking a 15% slide in coming year. On Sunday night, Lira was trading at 5.9500.
Weekly Market Digest: What Is The Volcker Rule?
Article By:
Personal Capital
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Saturday, April 27, 2019 11:07 PM EDT
There has been talk lately about changes coming to the Volcker Rule, a controversial component of the ‘Dodd-Frank Act.' The changes aims to ease some of the rules and accounting standards placed on US banks.
Week In Review: Eddingpharm To Pay $375 Million For Two Lilly Antibiotics And A Suzhou Manufacturing Facility
Article By:
ChinaBio® Today
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Saturday, April 27, 2019 4:20 PM EDT
Eddingpharm, a Hong Kong-headquartered China in-licensing company, agreed to pay $375 million to acquire China rights for two off-patent antibiotics from Lilly and the Suzhou factory that makes the antibiotics.
Goldman Shares Slump As DoJ Demands Guilty Plea In 1MDB Case
Article By:
Tyler Durden
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Wednesday, April 24, 2019 1:48 PM EDT
Goldman's shares, which have lagged their peers largely thanks to the scandal, tumbled on the news.
In this article: GS
Comedian Wins Ukraine Election In Landslide
Article By:
Mish Shedlock
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Sunday, April 21, 2019 9:28 PM EDT
Ukrainian comedian Volodymyr Zelensky won a landslide victory in the country's presidential election. Zelensky has never held public office, let alone ever been president... though he has played one on TV.
"A River Of Blood": Pompeo Says "Several Americans" Killed In Sri Lanka Easter Bombing Massacre
Article By:
Tyler Durden
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Sunday, April 21, 2019 9:12 AM EDT
All major social media networks were reported blocked in the country shortly after the series of eight bomb attacks on churches and luxury hotels - mostly in Colombo - making information slow to come out. Americans among those killed.
Is Beijing Signaling An Imminent Currency Devaluation: China Unleashes Gold Buying Spree
Article By:
Tyler Durden
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Sunday, April 7, 2019 1:41 PM EDT
While Moscow's appetitie for gold remains unparalleled, Beijing has also quietly joined its northern neighbor in casting a smaller, if just as material, vote of no confidence in the dollar
In this article: GLD
Musk Melts Down, Emerging Markets Emerge
Article By:
Keith Schneider
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Sunday, April 7, 2019 6:25 AM EDT
Global Equities melted up, gaining over 2.5% on average this week led by Emerging Markets. Norway’s highly respected $ 1 trillion-dollar sovereign wealth fund is dumping Emerging Market bonds and moving into Emerging Market equities.
Food Crisis 2019: An Outbreak Of African Swine Fever Is Devastating The Global Pig Population, And Pork Prices Are Skyrocketing
Article By:
Michael Snyder
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Wednesday, April 3, 2019 11:18 PM EDT
An absolutely devastating disease is wiping out herds of pigs all over Asia, and most people in the western world don’t even realize what is happening.
