Travel Sector Collapses Into “Great Crisis” Amid Slump In Flight Bookings

Via Zerohedge Airlines have canceled more than 200,000 flights as Covid-19 nears pandemic status. Retail outlets at airports across the world have reported a significant drop in foot traffic, resulting in a collapse in sales at duty-free shops. The Wall Street Journal notes a plunge in global travelers, particularly ones from China, has led to a steep decline of internationalist tourists at major airports....

Is the third stage of this market correction imminent? I’d do this with shares right now

Is the third stage of this market correction imminent? I’d do this with shares right now

Via Yahoo Finance According to CNBC on Tuesday 3 March, Ari Wald, an analyst from Oppenheimer, the US-based full-service brokerage and investment bank Oppenheimer, thinks the S&P 500 index is “only in stage two of a three-stage sell-off.” And I reckon where the US markets go, the UK markets are bound to follow. He reckons bottoms in the markets tend...

Easier access to web pages: Let Assistant read it aloud

Easier access to web pages: Let Assistant read it aloud

Via Google Blog Think about how much you read on your phone every day: catching up on the news, scanning a new blog, finally reading the article that everyone is talking about. This may require reading a lot of text, which can be a barrier for people with visual or reading difficulties, or who simply need a little help reading...

Apple afslører de bedste billeder taget med iPhone i Nat-tilstand

Apple afslører de bedste billeder taget med iPhone i Nat-tilstand

iPhone-fotografer fra hele verden har deltaget i fotokonkurrencen om billeder taget i Nat-tilstand og viser deres imponerende billeder taget med iPhone 11, iPhone 11 Pro og iPhone 11 Pro Max i Nat-tilstand. Et nedsat dommerpanel har udvalgt 6 vinderbilleder blandt de tusinder af indsendte billeder på verdensplan. Vinderbillederne vil blive vist i et galleri på apple.com og Apple Instagram (@apple) og vil også blive vist...

A Romantic Name for  China’s Economic Might

A Romantic Name for China’s Economic Might

Home On the New Silk Road A Romantic Name for China’s Economic Might A Romantic Name for China’s Economic Might A Romantic Name for China’s Economic Might On the New Silk Road SHARE Jacob Mardell , February 26, 2020 As our author completes the overland part of his long journey, he reflects on what he has learned about the hype...

Banks test disaster recovery sites on coronavirus fears

Banks test disaster recovery sites on coronavirus fears

Via Financial Times Banks are sending hundreds of staff to test their UK and US disaster recovery sites, installing big screens in traders’ homes and pushing regulators for a reprieve on trading rules so they can keep their businesses running through a coronavirus outbreak.  The efforts by big global banks including Goldman Sachs, JPMorgan Chase, Morgan Stanley and Barclays are...

A Bullish Outlook for Silver and Other Silver News

A Bullish Outlook for Silver and Other Silver News

Via Peter Schiff March 4, 2020  by SchiffGold  0   0 Silver prices are expected to rise in 2020 with macroeconomic and geopolitical conditions remaining broadly supportive for precious metals, this according to a report highlighted in the latest issue of the Silver Institute’s Silver News. The Silver Institute projects a 3% increase in silver industrial demand. Demand from the electrical and electronics sector...

Mike Bloomberg Is Suspending His Campaign, Endorses Biden

Mike Bloomberg Is Suspending His Campaign, Endorses Biden

Via Zerohedge Never in American history has a presidential candidate spent more to get less than Mike Bloomberg, making his buy-a-nomination bid a big bust. Bloomberg spent $600 million to win as many states as every American who chose not to run: zero. (He has American Samoa to show for it.) Is it any wonder that billionaire Mike Bloomberg, according...

EU imposes tariffs on Chinese steel wheel imports over dumping

EU imposes tariffs on Chinese steel wheel imports over dumping

Via Yahoo Finance BRUSSELS (Reuters) – The European Union will impose duties on imports of Chinese steel road wheels for the next five years after concluding that they are sold at unfairly low prices. The European Commission, which oversees trade policy for the 27 EU members, said on Wednesday it had set duties of 50.3% for some Chinese producers, including...

Bloomberg ends White House campaign and backs Biden

Bloomberg ends White House campaign and backs Biden

Via Financial Times Michael Bloomberg has ended his bid for the White House and thrown his support behind former vice-president Joe Biden after his unprecedented half-billion-dollar campaign managed to secure only a single contest on Super Tuesday. “Three months ago, I entered the race for President to defeat Donald Trump. Today, I am leaving the race for the same reason:...

Left party politician Bodo Ramelow wins key German state vote

Left party politician Bodo Ramelow wins key German state vote

Via Deutsche Welle Lawmakers in Germany’s eastern state of Thuringia elected the Left party’s Bodo Ramelow as state premier on Wednesday after months of political uncertainty and a major scandal involving the far-right Alternative for Germany (AfD) and Chancellor Angela Merkel’s Christian Democrats (CDU). Ramelow failed to gain a majority in the first two rounds of voting in a divided state with...

Epidemic costs Chinese economy $505 billion — so far

Epidemic costs Chinese economy $505 billion — so far

Via China Daily An employee at the BMW Brilliance Automotive Ltd Tiexi plant installs an instrument panel on an assembly line in Tiexi, Liaoning province. [Photo/Agencies] The novel coronavirus epidemic has cost the Chinese economy about 3.5 trillion yuan ($505.07 billion) since the outbreak began, according to a recent research report by the Harbin Institute of Technology. Among the four...

Samsung Expands to New Zealand in 5G Networks Deal with Spark

Samsung Expands to New Zealand in 5G Networks Deal with Spark

Via Samsung Samsung Electronics today announced that it has signed a commercial agreement with Spark New Zealand to take part in building Spark’s 5G network in 2020.   Spark, New Zealand’s largest mobile carrier, has been working with Samsung on network innovation, starting with 5G trials in 2019. These trials used Samsung’s 5G end-to-end solutions to test and verify the...

NYC college student infected, Chinese scientists find two strains of virus

Via CNBC This is a live blog. Please check back for updates. All times below are in Eastern time. Global cases: At least 93,400, according to data compiled by Johns Hopkins University. Global deaths: At least 3,190, according to data compiled by Johns Hopkins University. US cases: At least 108, according to the CDC.  US deaths: At least 9, according to the CDC...

60 The Systematic Investor Series – November 3rd, 2019

60 The Systematic Investor Series – November 3rd, 2019

Via Top Traders Unplugged 60 The Systematic Investor Series – November 3rd, 2019 By Niels Kaastrup-Larsen | 11/03/2019 | 0 This week, we cover some of the dangers of ‘Home Bias’, and the benefits of diversification mixed with good risk management. We also discuss the differences between common Trend Trading and Systematic Trend Following, why investors tend to hold on...

Facebook gives WHO free ads in battle with coronavirus misinformation

Facebook gives WHO free ads in battle with coronavirus misinformation

Via Reuters Finance FILE PHOTO: A Facebook logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) – Facebook Inc (FB.O) will provide free advertisements to the World Health Organization (WHO) as it seeks to ensure users are not misinformed about the virus, its risks and how to react to it, Chief Executive...

Did Covid-19 Just Pop All the Global Financial Bubbles?

Did Covid-19 Just Pop All the Global Financial Bubbles?

Via Zerohedge Authored by Charles Hugh Smith via OfTwoMinds blog, Once confidence and certainty are lost, the willingness to expand debt and leverage collapses. Even though the first-order effects of the Covid-19 pandemic are still impossible to predict, it’s already possible to ask: did the pandemic pop all the global financial bubbles? The reason we can ask this question is the...