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Latest Articles: Business/Finance
Apple REGAINS $80 BILLION STOCK PROFIT DURING CRASH - Did Tim Cook Violate Regulation "Fair Disclosure" By Emailing Jim Cramer To Save AAPL Stock This Morning
Post Date: 2015-08-24 14:17:04 by HAPPY2BME-4UM
4 Comments
And for those who may have missed it, this is what AAPL's stock has done today, ever since this clearly market moving letter, helped AAPL regain an unprecedented $80 billion in market cap since the lows. Earlier today, as AAPL stock was plummeting and had lost a whopping $75 billion in market cap, dropping as low as $92/share, CNBC's Jim Cramer pulled a rabit out of a hat, or in this case a previously undisclosed email out of his inbox. An email from AAPL CEO Tim Cook which said the following (as subsequently conveyed by Cramer to CNBC viewers): Jim, As you know, we don't give mid-quarter updates and we rarely comment on moves in Apple stock. But I know your question is ...
BAM! - Households just saw $1.8 trillion in wealth vanish
Post Date: 2015-08-24 12:22:24 by HAPPY2BME-4UM
5 Comments
In other words, a cool $1.8 trillion has been lost between now and the first quarter — and overwhelmingly, those losses occurred in the last few days. This will probably be the worst quarter for stock-market destruction since the third quarter of 2011, when $2.8 trillion was wiped away. It took four quarters for the stock market to bake that wealth back into equities.You may have seen headlines to describe the market carnage like a trillion dollar’s worth of wealth wiped away in a single day. But it’s worth noting just how much is held by Americans in the stock market in the first place. MarketWatch took a look at the Federal Reserve’s financial accounts of the United ...
BYE BYE LUV - BYE BYE HAPPINESS - US stocks plunge in early trading after Chinese stock rout
Post Date: 2015-08-24 11:07:44 by HAPPY2BME-4UM
14 Comments
NEW YORK (AP) — U.S. stock markets plunged in early trading Monday following a big drop in Chinese stocks. The Dow Jones industrial average fell more than 1,000 points in early trading and the Standard & Poor's 500 index fell into correction territory, that's Wall Street jargon for a drop of 10 percent or more from a recent peak. Treasuries surged as investors bought less risky assets. Growing concerns about a slowdown in China had already shaken markets around the world on Friday, driving the U.S. stock market sharply lower. A big sell-off in Chinese stock on Monday caused the rout to continue. The Dow was 668 points, or 4.1 percent, lower as of 9:57 a.m. Eastern time. ...
GREAT FALL OF CHINA SINKS WORLD STOCKS DOW FUTURES -666
Post Date: 2015-08-24 09:19:56 by christine
6 Comments
666?
Black Monday
Post Date: 2015-08-24 09:08:22 by Stephen Lendman
1 Comments
Black Monday by Stephen Lendman As this is written, US financial markets haven’t opened. Dow, S&P and Nasdaq futures indicate steep opening declines. European bourses are down about 3% - following continued sharp Asian market sell-offs - in lockstep with what Reuters called “the Great fall of China.” The Shanghai Composite fell another 8.5% after last week’s steep declines. More on this below. So far, it’s too soon to know if what’s happening is what the late longtime market expert/Progressive Radio News Hour guest Bob Chapman warned listeners and readers about in his twice-weekly International Forecaster reports. “There is absolutely no way a ...
Central Banks Have Become A Corrupting Force
Post Date: 2015-08-24 07:57:43 by Ada
1 Comments
Are we witnessing the corruption of central banks? Are we observing the money- creating powers of central banks being used to drive up prices in the stock market for the benefit of the mega-rich? These questions came to mind when we learned that the central bank of Switzerland, the Swiss National Bank, purchased 3,300,000 shares of Apple stock in the first quarter of this year, adding 500,000 shares in the second quarter. Smart money would have been selling, not buying. It turns out that the Swiss central bank, in addition to its Apple stock, holds very large equity positions, ranging from $250,000,000 to $637,000,000, in numerous US corporations — Exxon Mobil, Microsoft, Google, ...
IT STARTED IN CHINA - "Black Monday" - Shanghai Composite Goes Red For The Year, Wiping Out 60% In Gains, 2000 Stocks Limit Down
Post Date: 2015-08-24 01:11:21 by HAPPY2BME-4UM
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Black Monday! #ChinaStocks join global panic selloff, dive 8.5%, worst since Asian financial crisis at midday pic.twitter.com/nLHoFf34bV — China Xinhua News (@XHNews) August 24, 2015FACTS: By midday break, nearly 2000 stocks down 10% daily limit in Chinese market -- only 13 stocks up; Shanghai benchmark index down 8.45% — George Chen (@george_chen) August 24, 2015 But... but... pension funds are "allowed" to buy stocks. Judging by the first few minutes of trading in the first thing to open this evening on the mainland, the CSI 300 Index Futures which immediately tumbled by 4% to 3340, China's attempt to deflect attention from the fact that it did not do a 50 ...
WAIT 'TILL MONDAY - World’s Richest People Lose $182 Billion in Market Rout
Post Date: 2015-08-23 16:55:49 by HAPPY2BME-4UM
3 Comments
The world’s 400 richest people lost $182 billion this week from their collective fortunes as weak manufacturing data from China and a rout in commodities sent global markets plunging. The weekly drop for the Bloomberg Billionaires Index, a group that includes Warren Buffett and Glencore Plc’s Ivan Glasenberg, was the biggest since tracking of the expanded list began in September 2014. The combined net worth of the index members fell by $76 billion on Friday alone, when the Standard & Poor’s 500 Index of U.S. stocks ended its worst week since 2011. “For them that’s a fractional percentage, even though $182 billion is a big number,” said John Collins, ...
US oil firms using EU peers for Iran plans’
Post Date: 2015-08-23 04:00:04 by Tatarewicz
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PressTV... Iran’s media say US energy corporations are trying to find ways to set a foothold in the country’s oil projects through front companies. The Persian-language newspaper Aftab-e Yazd says chances are high that US corporations – that are banned from investing in Iran due to a set of sanctions by the Congress as well as the administration - team up with Europeans that are already welcome in Iran’s oil sector. “There exists the possibility that the oil companies that approach Iran are in fact front companies of other major corporations,” Aftab-e Yazd has quoted energy expert Hassan Moradi as saying. “For example, it is possible that a European ...
Taiwan police charge two in connection to bitcoin scam
Post Date: 2015-08-23 01:01:42 by Tatarewicz
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Want... Taiwan police on Aug. 20 announced that they had caught two suspects who scammed investors out of NT$1 billion (US$30.6 million), reports our Chinese-language sister paper China Times. The Criminal Investigation Bureau in Taipei said that since March, many cases of fraud have been reported by Taiwanese users of Hong Kong-based bitcoin trading platform Mycoin, which was shut down in February by Hong Kong authorities for similar reasons. Two Taiwanese suspects have been charged in connection with the website-related fraud, 47 year old Chen Yun-fei and 39 year old Lu Kuan-wei, who was the former president of the Taoyuan Junior Chamber of Commerce. Chen and Lu held several events ...
Norway Starts Development of Largest Offshore Oil Field
Post Date: 2015-08-22 23:41:35 by Tatarewicz
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The Ministry of Petroleum and Energy in Norway on Thursday has given green light to the development and operation plan of the oil group Statoil for Johan Sverdrup field. The Norwegian economy has been suffering from significantly falling oil prices and strongly depends on the country's energy sector. That makes the approval of Statoil's project not only a significant boost to the country's oil sector, but also a promise of an improving economy in general. The fifth largest oil field to ever be found off the Norwegian coast will be developed in several phases. During the first phase, worth 12.7 billion euros, four bridge-linked platforms and three subsea water injection ...
This 2 Day Stock Market Crash Was Larger Than Any 1 Day Stock Market Crash In U.S. History
Post Date: 2015-08-22 16:39:41 by Horse
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We witnessed something truly historic happen on Friday. The Dow Jones Industrial Average plummeted 530 points, and that followed a 358 point crash on Thursday. When you add those two days together, the total two day stock market crash that we just witnessed comes to a grand total of 888 points, which is larger than any one day stock market crash in U.S. history. It is also interesting to note that this 888 point crash comes in the 8th month of our calendar. Perhaps that is just a coincidence, and perhaps it is not. It just struck me as being noteworthy. This is the first time that the Dow has dropped by more than 300 points on two consecutive days since November 2008, and we all remember ...
X22 Report: This Economic Collapse Will Push The US Into A 3rd World Country: Bill Holter
Post Date: 2015-08-22 15:41:11 by christine
5 Comments
X22 Poster Comment:Worth 26 min time investment!
Plunge Protection Teams of the World, Unite!
Post Date: 2015-08-22 13:11:56 by X-15
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The herd must be turned away from selling by any means available, and at this point, that means coordinated buying by all the world's Plunge Protection Teams. Central bankers are watching Marx's dictum all that is solid melts into air play out in global stock markets with a terror informed by the scalding memories of 2008's global financial meltdown. Once the trap-door opens, there is no bottom without prompt action by the world's Plunge Protection Teams--the plausible-deniability action heroes of the hyper-speculative status quo who leap into action when global stock markets threaten to melt down. After half a decade of ceaseless saves, we all know the mechanics of ...
Brokers Terrified, and Not About This Correction
Post Date: 2015-08-22 11:52:31 by BTP Holdings
1 Comments
Brokers Terrified, and Not About This Correction Posted on August 21, 2015 by Brad Hoppmann To the rational layman, the biggest story in the markets this week is the huge sell-off in the major market averages. Stocks in the Dow, S&P 500, Nasdaq Composite and Russell 2000 all have plunged below their respective 200-day moving averages, and that’s got Wall Street (and Main Street) very worried. Yet perhaps an even a bigger worry for many on Wall Street has nothing to do with the price of stocks. The new wave of panic swirling around the brokerage profession is whether people will discover their broker has been cheating on his or her spouse. According to industry advocate ...
Senator Paul Warns of a Roman-Like Empire Collapse
Post Date: 2015-08-22 11:41:58 by BTP Holdings
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My name is Steve Meyers. And I want to thank you for taking part in this exclusive Money Morning interview with Jim Rickards, the Financial Threat and Asymmetric Warfare Advisor for both the Pentagon and CIA. Recently, all 16 branches of our Intelligence Community have come together to release a shocking report. These agencies, that include the CIA, FBI, Army, and Navy, they've already begun to estimate the impact of the fall of the dollar as the global reserve currency. And our reign as the world's leading super power being annihilated in a way equivalent to the end of the British Empire, post-World War II. And the end game could be a nightmarish scenario, where the world ...
Elon Musk's Hyperloop concept closer to becoming a reality
Post Date: 2015-08-22 06:27:46 by Tatarewicz
3 Comments
LOS ANGELES, Aug. 21 (UPI) -- The concept of high-speed frictionless train travel through pressurized, above-ground tubes began life as a fanciful dream -- one popularized by serial entrepreneur Elon Musk. Last year, Musk expressed interest in an idea called Hyperloop -- a plan to propel pod-like trains through tubes at upwards of 500 miles per hour. But with Musk's energies devoted to his car and space travel projects, Tesla and SpaceX, he called on other entrepreneurs, engineers and problem-solvers take up the concept in his name. Several start-ups sprouted. And now, one of them is announcing a significant step forward. On Thursday, Hyperloop Transportation Technologies announced ...
Dow Plunges 531 Points in Global Selloff - WORST IN FOUR YEARS
Post Date: 2015-08-21 22:40:08 by HAPPY2BME-4UM
7 Comments
Signs of slowdown in Chinese economy pressure stocks, commodities Stocks plummeted on global-growth fears for a second straight day Friday in a plunge that dragged the Dow industrials into correction territory. The global market rout pummeled stocks and commodities as fresh evidence emerged that China’s economy is slowing, spooking investors. The Dow industrials lost 530.94 points, or 3.1%, to close at 16459.75, putting it in correction territory, as defined by a 10% decline from a recent high. The S&P 500 dropped 64.84 points, or 3.2%, to close at 1970.89. The Nasdaq Composite fell 3.5%, or 171.45 points, to 4706.04. The Dow’s more than 1,000-point drop this week was the ...
FEAR AND GREE INDEX - Carnage: Worst Week For Stocks In 4 Years, VIX Soars Most Ever
Post Date: 2015-08-21 22:34:57 by HAPPY2BME-4UM
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FEAR AND GREED INDEX Only one thing seemed appropriate... * * * The mainstream media really nailed this move in the past month (here and here) China's worst week since July - closes at 5 month lowsGlobal Stocks' worst week since May 2012US Stocks' worst week in 4 yearsVIX's biggest weekly rise everCrude's longest losing streak in 29 yearsGold's best week since January5Y TSY Yield's biggest absolute drop in 2 years * * * Did you get message Fed? THE CLEAR MESSAGE FROM THE MARKETS IS - HIKE RATES AND YOU'RE DONE, GIVE US QE4 OR IT'S ALL OVER!!! So let's start with stocks... Bloodbathery... This was the worst ...
SHINA, SHINA, SHINA - U.S. Stock Futures Point to More Losses
Post Date: 2015-08-21 09:10:05 by HAPPY2BME-4UM
2 Comments
U.S. stocks were poised for a slightly lower open Friday, rounding out a week marked by fears about a cooling Chinese economy. Investors on Friday received fresh evidence of the slowdown in the world's second-largest economy. An early gauge of China's factory activity slumped to a six-and-a-half year low in August, triggering steep declines in stocks across Asia and Europe, where many companies depend on China for demand. U.S. stock futures indicated a 0.2% opening loss for the S&P 500 and a 0.4% opening loss for the Dow Jones Industrial Average. Changes in futures aren't necessarily reflected in market moves after the opening bell. Declines in European stocks were ...
These 10 Corporations Control Almost Everything You Buy
Post Date: 2015-08-20 10:30:51 by Bill D Berger
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A chart we found on Reddit.com shows that most products we buy are controlled by just a few companies. It's called The Illusion of Choice. Ever wonder why you can't get a Coke at Taco Bell? It's because Yum Brands was created as a spin-off of Pepsi — and has a lifetime contract with the soda maker. Unilever produces everything from Dove soap to Klondike bars. Nestle has a big stake in L'Oreal, which features everything from cosmetics to Diesel designer jeans. Now check out 13 small eco brands that are actually owned by giant corporations
23 Nations Around The World Where Stock Market Crashes Are Already Happening
Post Date: 2015-08-19 10:39:14 by Jethro Tull
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23 Nations Around The World Where Stock Market Crashes Are Already Happening Posted by Michael Snyder You can stop waiting for a global financial crisis to happen. The truth is that one is happening right now. All over the world, stock markets are already crashing. Most of these stock market crashes are occurring in nations that are known as “emerging markets”. In recent years, developing countries in Asia, South America and Africa loaded up on lots of cheap loans that were denominated in U.S. dollars. But now that the U.S. dollar has been surging, those borrowers are finding that it takes much more of their own local currencies to service those ...
Silver Will Slice Through “Deflation”, Like a Hot Knife Through Butter
Post Date: 2015-08-19 09:17:18 by christine
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The Big Con Hey brothers, this week we examine(and demolish) an enormous lie being spread by our enemies right now about silver. We take a good, hard look at that lie, and cover: A personal story of mine from the last deflationary spiral, in 2008, and what lessons it has for us now… What happened to an investment that I held at that time, which was nearly annihilated(and why)… Why the banksters will fail, should they try to paint another crushing, global deflationary collapse… Two twin barrels that the banksters are staring down in this silver suppression scheme right now… And lastly, we cover one big mistake that many silver investors will make before this is ...
Sputnik Poll US$
Post Date: 2015-08-19 05:52:28 by Tatarewicz
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Yuan - the next dollar? Yes, the dollar has become obsolete as a global currency 71.7% (537) No, the world isn't ready to abandon the dollar 28.3% (212) Voted: 749
Wall Street's Expiration Date? September 16, 2015
Post Date: 2015-08-18 16:46:51 by BTP Holdings
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Warning: Shocking evidence points to an imminent financial collapse that is ... •15-times larger than the dot-com bubble •4-times larger than the real estate bubble, and •107-times bigger than the bailouts of 2008! Click here to view this controversial video NOW! The fate of your income, investments, retirement, and even your personal safety may very well depend on it. Dear Subscriber, Brad Hoppmann Most Americans believe the worst economic times are behind us. And on the surface, who would argue? The stock market is up more than 180% since 2009, the housing market is up nearly 30% since 2012, and with gas at just over two-bucks a gallon ... the price at the pump is ...
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