Category: Editors’ Picks

Saudi Arabia is maneuvering to survive the oil price crisis
26. 4. 2020 No Responses

Saudi Arabia is maneuvering to survive the oil price crisis

Saudi Arabia may have to borrow as much as $58 billion this year to cover a budget shortfall caused by the oil price slump, Bloomberg reports, citing Finance Minister Mohammed al-Jadaan. Al-Jadaan told media this week that the Kingdom might...
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Lysol Maker Begs Public Not To Inject Its Cleaning Products After Dangerous Trump Advice
24. 4. 2020 No Responses

Lysol Maker Begs Public Not To Inject Its Cleaning Products After Dangerous Trump Advice

During last night’s press briefing, President Trump made some dangerous remarks about a new treatment involving ‘sunlight’ and ‘bleaching’ of the lungs to combat the virus. It appeared that during Thursday night’s presser, T...
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Daimler Sees 70% Drop in 1Q Earnings, Renault and Hyundai Follow
23. 4. 2020 No Responses

Daimler Sees 70% Drop in 1Q Earnings, Renault and Hyundai Follow

Daimler AG (owner of Mercedes-Benz) sees first-quarter earnings plunge almost 70% as the coronavirus-related lockdowns have left its auto showrooms closed. The German luxury automaker announced that it expected preliminary adjusted first-quarter earnings befo...
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Today is Earth Day
22. 4. 2020 No Responses

Today is Earth Day

Earth Day 2020 could mark the year we stop taking the planet for granted. The 50th annual call for environmental reform falls at a time when the health of people and nature has never been more urgent. Fifty years ago...
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GS Now Sees A 123% Plunge In Q2 S&P Earnings, $850 Billion Drop In Corporate Spending
21. 4. 2020 No Responses

GS Now Sees A 123% Plunge In Q2 S&P Earnings, $850 Billion Drop In Corporate Spending

With 9% of S&P 500 firms having already reported Q1 earnings including all of the major banks, results have generally disappointed relative to already tepid expectations. 43% of companies have missed consensus expectations, on pace for the highest rate sin...
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Historic Oil Crash Sends Canadian Oil Prices Negative, WTI To $11.05
20. 4. 2020 No Responses

Historic Oil Crash Sends Canadian Oil Prices Negative, WTI To $11.05

When GS’s crude oil analysts turned apocalyptic last month, writing that “This Is The Largest Economic Shock Of Our Lifetimes”, they echoed something we said previously namely that the record surge in excess oil output amounting to a mindblow...
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Oil Glut – At Least 160 Million Barrels Are Held in Tankers
19. 4. 2020 No Responses

Oil Glut – At Least 160 Million Barrels Are Held in Tankers

At Least 160 Million Barrels Are Held in Tankers Amid Lack of Onshore Storage. The pandemic and related self-isolation measures have triggered a massive fall in global demand for oil. Traders are now struggling to find storage space for excess...
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Scientist Who Discovered HIV Says: “COVID-19 Could Only Have Been Created In A Lab”
17. 4. 2020 No Responses

Scientist Who Discovered HIV Says: “COVID-19 Could Only Have Been Created In A Lab”

As the mainstream media and politicians begin to raise or admit the possibilities that the source of COVID-19 was likely a lab in Wuhan (accidentally leaked or otherwise) – something we first brought to the world’s attention in January before b...
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Italian Beachtowns Plan “Plexiglass Cages” To Enforce Safe And Social Distancing Sunbathing This Summer
16. 4. 2020 No Responses

Italian Beachtowns Plan “Plexiglass Cages” To Enforce Safe And Social Distancing Sunbathing This Summer

Once the quarantine is over, there will be time to explore and observe how society has evolved rapidly. Well, by the time everyone makes it out of the house this summer, we all might be ushered back into quarantine by...
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SoftBank Reports Stunning $25 Billion Q1 Loss
15. 4. 2020 No Responses

SoftBank Reports Stunning $25 Billion Q1 Loss

In an announcement that should surprise absolutely nobody who has been paying attention to WeWork fiasco, SoftBank announced in a corporate filing on Monday that the Japanese telecom conglomerate with a VC arm expected to report the biggest loss in...
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US deficit to soar to record $3.8 trillion in 2020
14. 4. 2020 No Responses

US deficit to soar to record $3.8 trillion in 2020

US deficit to soar to record $3.8 trillion in 2020, budget watchdog group Committee for a Responsible Federal Budget says. A steep economic downturn and massive coronavirus rescue spending will nearly quadruple the fiscal 2020 US budget deficit to a record...
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FED To Start Buying Junk Bonds
11. 4. 2020 No Responses

FED To Start Buying Junk Bonds

As free markets are actually dead, back on March 23, when the Fed unveiled it would start buying investment grade corporate bonds, many analysts said “now that the Fed is effectively all in, it will buy stocks and junk bonds next.” Two weeks...
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Schedule of the delayed OPEC+ webinar
9. 4. 2020 No Responses

Schedule of the delayed OPEC+ webinar

The delayed OPEC+ webinar on Thursday will arguably be the most important gathering of ministers to date, with countries outside OPEC+ also poised to potentially tune into the discussions, thus presenting scope for coordinated action. The meeting is due to...
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EU approves food made from worms & insects
7. 4. 2020 No Responses

EU approves food made from worms & insects

As Vietnam bans export of rice and India on total lockdown, food crisis is not so distant probability. EU plans to drop rules preventing some countries from serving up insects and worms for human consumption. I know that getting a...
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Emerging Markets After $18 Trillion Global Equity Wipeout
6. 4. 2020 No Responses

Emerging Markets After $18 Trillion Global Equity Wipeout

Emerging market stocks trade at record 65% discount to U.S. after $18 trillion global equity wipeout. The global financial rout triggered by the pandemic wiped $18 trillion off global equity markets in the year to date, and emerging markets, in...
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