Home Archive By Category "Business" (Page 2)

China’s “JPMorgan” Hit By Sudden Debt Crisis As Cross-Default Chain Reaction Triggered

Ever since Beijing allowed private Chinese companies (even certain state-owned enterprises) to officially fail for the first time in 2016, and file for bankruptcy to restructure their unsustainable debt loads, it’s been a one-way street of corporate bankruptcies, one which we profiled last June in “Is It Time To Start Worrying About China’s Debt Default […]

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French Conservatives Furious Over Plans To Rebuild Notre Dame With Modern Materials

Conservative French politicians are outraged over President Emmanuel Macron’s suggestion that modern materials like steel, titanium and carbon be used in the reconstruction of Notre Dame as the president seeks to fulfill his promise of finishing the project within five years. Marine Le Pen, leader of the Rassemblement National, the right-wing party formerly known as […]

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An Unexpected Scandal Threatens To Cripple Amazon

Submitted by Grant’s Almost Daily, Amazon.com, Inc.’s Web Services (AWS) unit has been the engine behind the company’s spectacular recent performance, with operating income of $7.2 billion last year, up 68% year-over-year and accounting for 59% of Amazon’s total operating income. The near-consensus cadre of bullish analysts (48 out of 50 tracked by Bloomberg have […]

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