Zero Hedge

Zerohedge.com

Contributor since: 21 Jun 2018

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• Alibaba Exec Sets Record With $3.5 Billion Brooklyn Nets Purchase

  Published 17 August 2019 | viewed 253 times

  Alibaba Executive Chairman Joe Tsai is reportedly planning to pay $3.5 billion to buy out Mikhail Prokhorov's stake in the Brooklyn Nets and the Barclays…

• WeWork Reveals Huge Losses Ahead Of IPO

  Published 14 August 2019 | viewed 305 times

  As expected, WeWork - or "the We Company", as its struggling to rebrand itself - published on Wednesday the prospectus for its hotly anticipated IPO,…

• Inflation Is Creeping Up In Consumer Goods

  Published 12 August 2019 | viewed 703 times

  When it comes to aimlessly bemoaning about how inflation is a giant mystery that nobody will ever figure out, the Federal Reserve are experts. When it…

• UK Economy Shrinks As Brexit Worries Grow

  Published 09 August 2019 | viewed 438 times

  Though it wasn't entirely unexpected, the UK economy contracted in Q2 for the first time in seven years as the cloud of uncertainty brought on…

• Opioid Distributors Push To Shut Down Lawsuits In $10 Billion Deal

  Published 07 August 2019 | viewed 723 times

  Three major opioid distributors have offered to pay $10 billion to settle claims that the helped fuel the ongoing US opioid epidemic, as nearly 2,000 lawsuits loom against…

• Trump Weighs Full Economic Blockade On Venezuela

  Published 02 August 2019 | viewed 720 times

  How much more US "pressure" can be brought to bear on Venezuela after Washington early this year went so far as to back a failed…

• The World's Lowest Cost Gold Mines

  Published 01 August 2019 | viewed 1,881 times

  Gold has been a medium of exchange for thousands of years. It is easy to carry, and its very rarity makes it a valuable commodity.…

• Gold Sales Could Be Maduro's Lifeline

  Published 29 July 2019 | viewed 1,550 times

  As oil revenue for Venezuela continues to stagnate, the Maduro regime is more reliant than ever on illegal gold exploited from lawless jungles in the south of the country, according to…

• Soft Bank Locks Down $108 Billion For Vision Fund 2

  Published 26 July 2019 | viewed 651 times

  For a minute there, it looked like the investors who had helped finance Soft Bank's original Vision Fund were finally beginning to question the strategy…

• Another Surprising Industry Falls Victim To Ongoing Trade War Chaos

  Published 24 July 2019 | viewed 974 times

  Trade war crosscurrents have damaged the American manufacturing sector, and within, a lot of stress is building up in the RV industry, according to discussions with industry…

• Equifax To Pay $700 Million To Settle Data Breach Case

  Published 22 July 2019 | viewed 1,034 times

  It was the biggest hack of private data in modern history, and now, two years later, Equihacks Equifax has agreed to pay up to $700 million to…

• Amazon Faces European Union Anti-Trust Probe

  Published 17 July 2019 | viewed 495 times

  Now that the EU's anti-trust regulator is finished fining the bejeezus out of Alphabet, the European Commission is turning its attention to another American tech giant: Amazon. The…

• Central Banks Are Stashing Gold And Dumping Treasuries

  Published 12 July 2019 | viewed 1,894 times

  Currently China holds well north of $1 TRILLION in U.S. Treasuries – debt – that you and I, the tax payers of this country, send…

• Warning Signs Emerge For Boeing

  Published 10 July 2019 | viewed 813 times

  All eyes on what Powell tells Washington today, but a number of Porridge Readers called to tell me I’m wrong about summer risks! They think…

• Box Office Revenue Is Plummeting

  Published 08 July 2019 | viewed 848 times

  Domestic box office revenue through June 30 plunged 9.4% YoY, while ticket sales for 1H19 dropped 7.3% following "franchise fatigue infecting titles such as Godzilla: King…

• Where Are America's Fireworks Actually Coming From?

  Published 04 July 2019 | viewed 743 times

  For people aiming to "buy American" for Independence Day this year, it might prove difficult to obtain U.S.-manufactured fireworks. As Statista's Niall McCarthy notes, most of the bottle…

• London Bankers Brace For Mass Layoffs

  Published 03 July 2019 | viewed 1,266 times

  Yesterday, we reported about the increasingly dejected atmosphere at Deutsche Bank's Wall Street headquarters, where the looming fear that the bank is going to gut, shutter or…

• Tension Between U.S. And India Grows Ahead Of G20 Summit

  Published 27 June 2019 | viewed 704 times

  President Trump ratcheted up tension between the United States and India in a Thursday Tweet before a planned meeting with Prime Minister Narendra Modi at…

• Using Chrome? You May Be Sacrificing Your Privacy

  Published 24 June 2019 | viewed 1,338 times

  Google's Chrome is essentially spy software according to Washington Post tech columnist Geoffrey Fowler, who spent a week analyzing the popular browser and concluded that it "looks a lot…

• Americans Are On A Crash-Course With Credit Card Debt

  Published 19 June 2019 | viewed 1,319 times

  Student-loan debt hit an all-time high of $1.4 trillion in the first quarter of 2019, Experian claims. Considering that this is an increase of 116 percent…