Economy

McDonalds Is Replacing 2,500 Human Cashiers With Digital Kiosks: Here Is Its Math
ZeroHedge | The stock market is luvin' McDonalds stock, which has continued its recent relentless rise to all time highs, up 26% YTD, oblivious to the carnage among the broader restaurant and fast-food sector. There is a reason for...
Amazon Eats Up Whole Foods as the New Masters of the Universe Plunder America
Amazon
DailyBeast | “We must make our choice. We may have democracy, or we may have wealth concentrated in the hands of a few, but we can’t have both.” —Justice Louis Brandeis With his $13.7 billion acquisition of Whole Foods, Amazon’s...
Whole Foods stock rockets 28% on $13.7 billion Amazon takeover deal
Whole Foods
CNBC | Shares of Whole Foods Market rocketed 28 percent on Friday after Amazon said it plans to acquire the grocery store chain for $42 a share, in a deal valued at $13.7 billion. Amazon's offer represents a 27 percent premium...
A Record Number Of Market Participants Says The Market Is Overvalued, Surpassing 1999 Bubble Highs
Stock Market
ZeroHedge | The latest monthly Fund Managers (FMS) survey from Bank of America is out, and continuing the trend noted in previous months when the number of active managers who said that stocks are overvalued hit the highest in...
Central Banks Have Bought A Record $1.5 Trillion In Assets In 2017
Central bank
ZeroHedge | One month ago, when observing the record low vol coupled with record high stock prices, we reported a stunning statistic: central banks have bought $1 trillion of financial assets just in the first four months of 2017,...
Jack Ma: In 30 years people will work 'four hours a day and maybe four days a week'
Jack Ma
CNBC | Alibaba founder Jack Ma spent 800 hours traveling around the world last year and plans to increase that to 1,000 in 2017, evangelizing his burgeoning e-commerce platform, globalization and artificial intelligence. The...
Grocery Stocks Are Crashing After Amazon Buys Whole Foods For $42 Per Share
ZeroHedge | Whole Foods stock was halted for 'news pending'... and now we have the answer - Amazon to acquire Whole Foods Market for $42/share in an all-cash transaction valued at ~$13.7b, including Whole Foods Market’s net debt....
Watch Janet Yellen Explain Why She Hiked Rates As Economic Data Collapses
ZeroHedge | Collapsing economic data, weaker PCE forecasts (1.7% vs 1.9%), but stronger economic growth guesses (2.2% vs 2.1%) and The Fed hikes rates and doesn't just maintain its rate trajectory but pulls forward the beginning of...
U.S. Mining Industry Sees First Profitable Quarter in 2 Years
Coal Mining
CNSNews | (CNSNews.com) - The U.S. mining industry had its first profitable quarter in two years in the first quarter of this year, according to data published last week by the U.S. Census Bureau. In the first three months of...
U.S.-Mexico sugar deal struck ahead of NAFTA talks
Sugar
Reuters | The U.S. and Mexican governments reached a deal in a dispute over trade in sugar on Monday, sources said, averting steep U.S. duties and Mexican retaliation by Mexico on imports of American high-fructose corn syrup...
Changes in the Money Supply Don’t Cause Business Cycles
Money
Mises.org | According to the Nobel Laureate in Economics, Milton Friedman, the root of the business cycle is the fluctuations in the growth rate of money supply. Friedman held that what is required for the elimination of these...
Trump Slams "Very Bad" Germans For Selling Millions Of Cars In US: "We Will Stop This"
Mercedes
ZeroHedge | A day after Trump stunned his fellow NATO leaders, shoving one of them out of the way for a photo-op and demanding that they "must do more" to offset defense costs which are mostly borne by the US, Trump lobbed another...
Travel To US Has Tumbled 16% Since Trump Took Office, Foursquare Says
Customs
ZeroHedge | Social-media company Foursquare has crunched the data generated by its 50 million active monthly users and determined that America’s share of the international tourism market has fallen sharply since October. According...
Defense stocks hit all-time highs on heels of Saudi arms deal
Raptor
YahooFinance | Yahoo Finance is tracking Lockheed Martin, Boeing, National Oilwell Varco and Blackstone in intraday trading on Monday. Lockheed Martin (LMT), Boeing (BA) – Defense contractors are in focus following a $110 billion U.S...
The Real Unemployment Number: 102 Million Working Age Americans Do Not Have A Job
IMage
EconomicCollapse | Did you know that the number of working age Americans that do not have a job right now is far higher than it was during the worst moments of the last recession? For example, in January 2009 92.6 million working age...
Not So Great: 94,983,000 Americans Not in the Labor Force in May
Hiring
CNSNews | (CNSNews.com) – A disappointing report from the Labor Department’s Bureau of Labor Statistics on Friday: The economy added 138,000 jobs in May, fewer than analysts were expecting; and after setting three straight...
Another tech bubble in the making? Many signs say yes
Stock Market
CBSNews | Stocks limped across the finish line before the Memorial Day break, with technology stocks pushing the major indexes to new highs. The S&P 500 gained just 0.03 percent on Friday but it was enough to mark the seventh...
Mark Zuckerberg joins Silicon Valley bigwigs in calling for government to give universal basic income
Zuckerberg
CNBC | Facebook CEO Mark Zuckerberg called on the need to consider universal basic income for Americans during his Harvard Commencement Speech. Zuckerberg's comments reflect those of other Silicon Valley bigwigs, including...