New Jersey Hits Uber With $650 Million Tax Bill; Stock Slides

New Jersey Hits Uber With $650 Million Tax Bill; Stock Slides Two months after Uber decided to ignore new ignore new California legislation requiring companies to reclassify contract workers as employees – a measure which would affect up to one million residents who work as contractors and drastically impact Uber’s bottom line – more states […]

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The “Oh, $hit!” Moment For Subprime Auto Loans Arrives; Serious Delinquencies Blow Out

The “Oh, $hit!” Moment For Subprime Auto Loans Arrives; Serious Delinquencies Blow Out Authored by Wolf Richter via WolfStreet.com, But it’s even worse than it looks. And this time, there is no jobs crisis. This time, it’s the result of greed by subprime lenders. Serious auto-loan delinquencies – auto loans that are 90 days or […]

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‘OK, Boomer’ Stop Buying Stocks, Fidelity Warns

‘OK, Boomer’ Stop Buying Stocks, Fidelity Warns Fidelity Investments in its third-quarter retirement report has a new warning for its greedy baby boomer clients: portfolio risk has never been higher as retirees are overly exposed to equities, running a serious risk that the next market meltdown could wipe out their retirement accounts, reported Bloomberg. The […]

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Feds Charge Avenatti With Wire Fraud, But Drop 2 Conspiracy Charges In Nike Case

Feds Charge Avenatti With Wire Fraud, But Drop 2 Conspiracy Charges In Nike Case The Feds have handed Trump nemesis and embattled “creepy porn lawyer” Michael Avenatti – CNN’s one-time favorite to win the Democratic nomination before a series of legal scandals blew up in his face – a bit of a reprieve in a […]

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Paul Craig Roberts Rages At The Latest ‘False’ Trump Impeachment News

Paul Craig Roberts Rages At The Latest ‘False’ Trump Impeachment News Authored by Paul Craig Roberts, As the media are all out to get Trump, there is no way to get any valid information about the so-called impeachment. But you don’t have to pay too much attention to notice that the Democrats and the presstitutes […]

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Despite Rebound, Producer Price Inflation Weakest In 3 Years

Despite Rebound, Producer Price Inflation Weakest In 3 Years Following yesterday’s mixed picture for consumer prices, producer prices are expected to rebound from September’s shocking plunge and it did, beating expectations of a 0.3% MoM jump (but year-over-year growth in PPI slipped to +1.1% – the lowest since September 2016). Source: Bloomberg Core PPI rose […]

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Consumers Are Keeping The US Out Of Recession? Don’t Count On It.

Consumers Are Keeping The US Out Of Recession? Don’t Count On It. Authored by Lance Roberts via RealInvestmentAdvice.com, Just recently, Jeffry Bartash published an interesting article for MarketWatch. “Like a stiff tent pole, consumers are keeping the U.S. economy propped up. And it looks like they’ll have to do so for at least the next […]

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Walmart Shares Jump After Q3 EPS Beats, Company Boosts Full-Year Outlook

Walmart Shares Jump After Q3 EPS Beats, Company Boosts Full-Year Outlook Walmart jumped pre-market after the company reported Q3 EPS that beat expectations and boosted its year end earnings outlook. The largest US retailer reported Q3 adjusted EPS $1.16, stronger than the estimate of $1.09 and 8 cents higher than a year ago on revenue […]

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Stocks Struggle Amid Barrage Of Dismal Econ Data, HK Violence As Germany Narrowly Avoids Recession

Stocks Struggle Amid Barrage Of Dismal Econ Data, HK Violence As Germany Narrowly Avoids Recession Global stocks and US equity futures eased further on Thursday as the latest dismal Chinese data missed across the board and showed further economic slowdown, with investment growth printing weakest since 1998… … adding to worries about the global growth […]

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Former Mass Governor Deval Patrick Launches 2020 Bid To Be Dems’ New Centrist Champion

Former Mass Governor Deval Patrick Launches 2020 Bid To Be Dems’ New Centrist Champion Ending days of media speculation, former Mass Governor Deval Patrick said Thursday that he will run for president, the first of what could become a wave of new candidates now that the departures of Beto O’Rourke and several bottom-tier candidates have […]

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