Zero Hedge

Zerohedge.com

Contributor since: 21 Jun 2018

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• Four Big Pharma Companies Reach $250 Million Opioid Settlement

  Published 21 October 2019 | viewed 362 times

  Four large drug companies have reached a last-minute settlement with two Ohio counties to avoid trials blaming them for their part in fueling the ongoing…

• Reddit Trader Scores 14,000% Returns On Rogue Trade

  Published 18 October 2019 | viewed 917 times

  Ever since the dawn of the Internet, like-minded individuals have gathered in online chat rooms (among the more sophisticated, they were known as "forums") to…

• More And More Americans Believe A Recession Is Looming

  Published 17 October 2019 | viewed 725 times

  Do you believe that a recession is coming?  If so, you certainly have a lot of company.  It turns out that more than two-thirds of all…

• Why Universal Basic Income Won't Work

  Published 12 October 2019 | viewed 1,309 times

  The universal basic income (UBI) is gaining popularity as an alternative to the current welfare system. The idea is to give each citizen the same amount…

• Nasdaq Cracks Down On Small Chinese IPOs

  Published 09 October 2019 | viewed 521 times

  If you spoke to any research desk on Wall Street earlier this year, most were saying the trade war would be resolved by the end…

• SoftBank Reeling After Questionable WeWork Investment

  Published 07 October 2019 | viewed 903 times

  SoftBank Group CEO Masayoshi Son says he is "embarrassed and flustered" by his track record after the valuations of WeWork and Uber plunge, in an…

• Millions Missing After Marijuana Ponzi Scheme Implodes

  Published 03 October 2019 | viewed 1,866 times

  It's usually at the later innings of an economic cycle when Ponzi schemes unravel. As we've reported on numerous occasions, Ponzi implosions are gaining momentum…

• Another Retail Giant Bites The Dust

  Published 30 September 2019 | viewed 1,169 times

  Following reports earlier this month that a bankruptcy for the fast-fashion pioneer was imminent, Forever 21 filed for Chapter 11 protection in Delaware Sunday night, becoming the latest brick-and-mortar…

• Billionaire Hedge Fund Manager Hedges Against Looming Market Crash

  Published 23 September 2019 | viewed 1,525 times

  Billionaire hedge fund manager Paul Singer is the founder & CEO of Elliott Management. Singer is preparing to raise additional funds from investors to build…

• Oil Trader Loses $320 Million On Derivative Bets

  Published 20 September 2019 | viewed 829 times

  A Singapore-based subsidiary of Japanese trading giant Mitsubishi recently booked a $320 million loss after several unauthorized derivatives trades went sour, the company revealed in a…

• UK Credit Card Interest Rates Are Skyrocketing

  Published 19 September 2019 | viewed 878 times

  Credit card interest rates in the UK have hit the highest level in 13 years, according to the Financial Times.  Per the report, the average annual…

• Are Smart TVs Spying On Us?

  Published 18 September 2019 | viewed 1,027 times

  A study by researchers from Northeastern University and Imperial College London found that many popular smart TV models, including models by Samsung and LG, as…

• The Retail Apocalypse Is Accelerating

  Published 16 September 2019 | viewed 1,682 times

  As the economy cycles down through fall, there is new, alarming data by professional services firm BDO USA LLP, first reported by The Wall Street Journal,…

• McDonalds To Roll Out Robot Drive-Thru Clerks

  Published 12 September 2019 | viewed 1,406 times

  What doesn't cost $15 an hour and talk back to customers? AI.  McDonald's announced on Tuesday the acquisition of Mountain View-based voice tech startup Apprente in order…

• SoftBank Urges WeWork To Pause IPO Plans

  Published 10 September 2019 | viewed 1,095 times

  Once upon a time, SoftBank was best known for making happy slides, such as the one below, which showed a variety of multi-colored unicorns jumping…

• New Anti-Trust Probe Launched Against Big Tech

  Published 06 September 2019 | viewed 1,083 times

  Not long after Facebook reached a record $5 billion settlement with the FTC in a federal antitrust probe (while the DoJ continues to build its…

• Investors Are Dumping Emerging Market Funds As Trade War Escalates

  Published 02 September 2019 | viewed 2,022 times

  Lipper's Emerging Markets Funds have experienced their worst-ever net outflows during 3Q19. The mass exodus is due to a combination of factors, likely caused by an…

• Global Markets Bounce Back On Trade War Optimism

  Published 30 August 2019 | viewed 1,240 times

  For the second day in a row, global markets and US equity futures are a sea of green with stocks pushing higher as trade headlines…

• Google Moves Smartphone Production To Vietnam

  Published 28 August 2019 | viewed 1,222 times

  Google has reportedly become the latest company to aggressively move production out of China and into Vietnam as it hopes to create a "low-cost supply…

• Zombie Foreclosures On The Rise In The U.S.

  Published 26 August 2019 | viewed 2,401 times

  Attom Data Solutions has published its Vacant Property and Zombie Foreclosure Report that shows over 1.5 million (1,530,563) homes and condos vacant in 3Q19, which represents about 1.6 percent…