Trading of Evergrande Shares HALTED As Ponzi Collapse Spreads, Bond Holders Left As Bag Holders
by: Ethan Huff (Natural News) A few days ago, the Chinese government halted all trading of Evergrande (HKG:03333) stock, claiming that the move is necessary in order to “restructure” the failing developer. Massive overleveraging resulted in a partial collapse of the stock before the government quickly intervened to “save” it, effectively kicking the can down the road and […]
When Profits and Politics Drive Science: Rushing a Vaccine to Market for a Vanishing Virus
By Ellen Brown More than 100 companies are competing to be first in the race to get a COVID-19 vaccine to market. It’s a race against time, not because the death rate is climbing but because it is falling – to the point where there will soon be too few subjects to prove […]
Wall Street Surges on Striking US Jobs Report
BY TOM OZIMEK U.S. stocks staged a respectable rally Friday, surging on a surprisingly upbeat May jobs report, while safe havens like bonds and gold gave up gains. The moves extended a stock recovery that has seen Wall Street claw back many of the deep losses driven by the economic fallout from the pandemic. All three major equities […]
BUSINESS | US Stocks Rebound After Trump Pitches Coronavirus Relief Plan to Lawmakers
BY TOM OZIMEK U.S. stocks rose sharply in volatile trading on March 10 after President Donald Trump met with Senate Republicans on Capitol Hill and emerged to deliver a message on a much-anticipated coronavirus relief plan. All three major Wall Street indexes—the Dow, Nasdaq, and S&P 500—closed nearly 5 percent up. The rebound comes on the heels of a 7-percent slide […]
BUSINESS | Stocks Roar Back From Coronavirus Plunge To Biggest Gain Since 2009
Mary Margaret Olohan |Social Issues Reporter The stock market came roaring back Monday following a steep decline propelled by anxieties over the coronavirus. The Dow Jones Industrial Average climbed 5.1% or 1,293 points higher while the S&P 500 rose 4.6% and the Nasdaq Composite climbed 4.5%, CNBC reports. The stocks’ gains come after seven days of losses for both Dow and […]
BUSINESS | Dow Jones Plunges More Than 1,000 Points Amid Coronavirus Fears
BY JACK PHILLIPS The Dow Jones Industrial Average plunged more than 1,000 points on Monday as the number of coronavirus cases outside of China surged, sparking fears of a protracted economic slowdown. The Dow closed 1,031.61 points lower, or 3.56 percent, at 27,960.80, while the S&P 500 dropped 3.35 percent to 3,225.89. The Nasdaq Composite closed 3.71 percent lower to […]
Richard Branson’s Space Tourism Endeavor Is Preparing To Go Public
SARAH PRICE CONTRIBUTOR Virgin Galactic, English billionaire Richard Branson’s space-tourism endeavor, is almost ready for takeoff, the company announced. It is set to be the world’s first publicly traded commercial spaceline, and will be available to investors within the second half of 2019, Virgin Galactic said in a news release Monday. Virgin Galactic “has developed a set […]
DOW Has Biggest Point Gain in History
HENRY RODGERS, Capital Hill Reporter The Dow Jones Industrial Average rose 1,086 points, gaining nearly 5 percent, the biggest point gain in history, Wednesday afternoon after a rough Christmas Day. The Dow Jones also had the biggest upside move on a percentage basis since March 23, 2009, according to CNBC. This comes as the stock market had its worst week in nearly 10 years from Dec. 17 through […]
Trump’s Fate
by Victor Davis Hanson November 28, 2017 Plenty of people in ‘flyover’ country like not only Trump’s message — and actions — but also Trump, the loudmouth messenger. The political verdict seems out on Trump’s current political future. His supporters have won four special congressional elections. Yet, more recently, Republicans lost more local and state […]
The last time this happened the market crashed
By Simon Black, April 21, 2017 Sovereign Valley Farm, Chile A few days ago Charles Schwab, the investment brokerage firm, announced that the number of new brokerage accounts soared 44% during the first quarter of 2017. More specifically, Schwab stated that individual investors are opening up stock trading accounts at the fastest pace the company […]
