US stock market’s ‘BIGGEST BUBBLE EVER’ may have popped but the worst is yet to come – Peter Schiff
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The Wall Street sell-off could mean that the market bubble may have popped, said veteran stockbroker Peter Schiff. He has been warning that the air has been coming out of the stock market bubble for a long time. Read Full Article at RT.com
Top 6 US tech titans lose over $1 trillion in Wall Street sell-off
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The recent stock rout has wiped out over $1 trillion from the value of America’s biggest tech corporations, including the world’s most valuable company Apple and online giant Amazon – but it failed to erase all their 2020 gains. Read Full Article at RT.
Nikola & GM challenge Tesla with world’s ‘most badass’ 900-horsepower electric truck
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The electric truck startup Nikola and General Motors (GM) announced on Tuesday a strategic partnership to produce an electric pickup truck dubbed the ‘Badger’. It will use GM’s widely acclaimed Ultium battery technology. Read Full Article at RT.com
Russia must regain oil market share once global demand recovers – Energy Ministry
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Moscow has worked out a program of unfinished oil wells which could start operating once global demand recovers from the coronavirus pandemic, said Russian Energy Minister Alexander Novak. Read Full Article at RT.com
America becoming another banana republic – Max Keiser
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In this episode of the Keiser Report, Max and Stacy look at the accumulation of debt in the United States in memory of David Graeber, author of ‘Debt: The First 5,000 Years’. Read Full Article at RT.com
China is going a step further in its generous support for hydrogen cars in the form of a package of policies aimed at improving the hydrogen fuel cell car supply chain. Read Full Article at RT.com
Pakistan seeks China’s support in corporate farming
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Islamabad is seeking Beijing’s help in national food security through the inclusion of agriculture in the ambitious $61 billion China-Pakistan Economic Corridor (CPEC) program. Read Full Article at RT.com
‘Correction here & tech bubble will burst,’ warns ‘godfather of smart-beta’ investing
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As hundreds of billions of dollars were wiped off the tech sector last week, the founder and chairman of the board of Research Affiliates, Rob Arnott, says there’s been a correction and the “tech bubble” is about to burst. Read Full Article at RT.com
‘I was wrong about bitcoin,’ says gold bug Peter Schiff
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Gold supporter and cryptocurrency opponent Peter Schiff has admitted on Twitter that he made a mistake in some price predictions for bitcoin which has recently rallied to over $12,000, before the September correction to $10,000. Read Full Article at RT.com
Stock of China’s largest chip maker plunges after reports of potential US ban
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Shares in China’s biggest contract chip manufacturer SMIC sank by over 23 percent on Monday, after the US government said it may block American companies from providing goods and services to the firm. Read Full Article at RT.com
The COVID pandemic has sparked a surge in gold buying, and some analysts suggest that it still has plenty of upside potential. Read Full Article at RT.com
Global economy won’t return to pre-pandemic levels ‘for a long time’ – Deutsche Bank
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In another gloomy outlook for the global economy, Deutsche Bank CEO Christian Sewing warned that it could take the world much longer to recover economically from Covid-19 than previously thought. Read Full Article at RT.com
US dollar will continue to lose against ‘real money, which is gold’ – Peter Schiff
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The price of gold is set to beat all forecasts while the dollar’s value will fall further, as the Fed continues its money-printing policies, CEO of Euro Pacific Capital Peter Schiff has told RT’s Boom Bust. Read Full Article at RT.com
China’s yuan to become world’s third-largest reserve currency behind dollar & euro – Morgan Stanley
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With Beijing pushing for greater use of the yuan internationally, the Chinese currency could rise to the status of the world’s third-largest reserve currency in 10 years, according to a forecast by Morgan Stanley. Read Full Article at RT.com
Dow Jones slides by 1,000 points: US markets dive as investors sell off tech stocks, Trump blames Fox News
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Investors dumped technology shares and drove all US stock market indices sharply down after the previous day’s high note. Oil and gold also dropped, as analysts struggled to explain the cause behind the sell-off. Read Full Article at RT.com
Dow Jones slides by 1,000 points: US markets dive as investors sell of tech stocks, Trump blames Fox News
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Investors dumped technology shares and drove all US stock market indices sharply down after a previous day’s high note. Oil and gold also dropped, as analysts struggled to explain the cause behind the sell-off. Read Full Article at RT.com
Central bankers are losing the war on gold, author tells Max Keiser
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With gold prices rising, veteran RT host Max Keiser sat down with financial journalist and author of the ‘The Big Reset’, Willem Middelkoop, to discuss the metal’s dominance on the financial market. Read Full Article at RT.com
Pakistan’s stock market has become one of world’s best performers
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Pakistan has surprisingly risen to become Asia’s best-performing stock market and the fourth-best performer in the world, defying the odds amid the coronavirus outbreak. Read Full Article at RT.com
Exxon eyes global job cuts to keep afloat after oil price collapse
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US oil major Exxon Mobil signaled it may downsize its staff worldwide after offering voluntary redundancies among its Australian workforce to mitigate the aftermath of the coronavirus crisis. Read Full Article at RT.com
ECB threw in everything including ‘kitchen sink’ to save market & all for nothing – analyst tells Boom Bust
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The European Central Bank (ECB) failed to get inflation to its target as the eurozone slid into deflation for the first time in years amid coronavirus chaos. Read Full Article at RT.com
‘Deepest recession of our lifetime’: Coronavirus brings Australia’s record economic growth to an end
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Australia has become the latest country to officially enter recession - its first in almost 30 years - as the coronavirus crisis continues to wreak havoc around the globe. Read Full Article at RT.com
Britain holds all the cards in post-Brexit deal with EU – business development leader tells Boom Bust
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Talks on the future of EU-UK relations have stalled despite the looming Brexit deal deadline. RT’s Boom Bust breaks down the key issues holding up the negotiations. Read Full Article at RT.com
Eurozone unemployment continues to rise despite easing of coronavirus restrictions
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The partial reopening of economies has failed to boost the jobs market in Europe, with the seasonally adjusted July unemployment in both the euro area and the EU as a whole climbing to 7.9 percent and 7.2 percent respectively. Read Full Article at RT.com
Rising export sales push China’s manufacturing activity to near 10-year highs
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China’s manufacturing sector expanded again last month at the fastest pace since 2011 thanks to sharp increases in both output and new orders, and a boost in export sales, unseen since last year. Read Full Article at RT.com
Denmark checking Google’s books to make sure US tech firm pays appropriate taxes
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With the broader EU digital tax stuck in limbo, Denmark has launched its own review of Google’s accounts in the country. The Silicon Valley giant says it has complied with all Danish tax rules. Read Full Article at RT.com
China’s economic recovery picks up as services sector accelerates growth
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Activity in China’s non-manufacturing sector expanded at the fastest pace this month since January 2018, highlighting that the world’s second largest economy continues to recover from the coronavirus crisis. Read Full Article at RT.com
World’s biggest diamond miners offer discounts to spark sales crushed by pandemic
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Russia’s top diamond producer, ALROSA, and its main global competitor, De Beers, have reportedly cut prices for precious stones after sales drastically dropped as a result of the coronavirus outbreak. Read Full Article at RT.com
Electric ships are pushing the boundaries of batteries
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Maritime transport is one of the largest consumers of fossil fuels and, as such, a natural target for those looking for cleaner alternatives would be the development of fully electric vessels. Read Full Article at RT.com
Covid-19 could wipe out more than 100 million jobs & over $1 trillion from global tourism industry
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The United Nations (UN) has released figures on the devastating impact of Covid-19 on global tourism, warning that the outbreak may cost the troubled sector $1.2 trillion in losses and put 120 million tourism jobs at risk. Read Full Article at RT.com
Nord Stream 2 must be completed: Don’t politicize Russian energy project over Navalny situation – Merkel
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German Chancellor Angela Merkel has warned against politicizing the Russian-led Nord Stream 2 gas pipeline, saying that construction of it should be finished, despite US attempts to derail the energy project. Read Full Article at RT.com
Taiwan’s bid to secure elusive trade deal with US likely to draw China’s ire
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Export-dependent Taiwan has finally greenlighted imports of American pork and beef, a move that could open up Taiwan-US free trade talks. However, it is unclear how Beijing will react to such a pact, amid tension with Washington. Read Full Article at RT.com
Japan’s stocks slide on news of Prime Minister Shinzo Abe’s resignation
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Japan’s Nikkei led the losses among Asia’s major stock markets on Friday after the country’s longest serving prime minister, Shinzo Abe, resigned over health issues. Read Full Article at RT.com
US economy suffers sharpest drop ever as GDP crashes nearly 32% during coronavirus peak
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In the worst plunge ever recorded, the US economy contracted by 31.7 percent in the second quarter at the height of the Covid-19 crisis, according to revised data released by the Bureau of Economic Analysis on Thursday. Read Full Article at RT.com
US dollar under threat as American exceptionalism reaches its tipping point – RT’s Keiser Report
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In this episode of Keiser Report’s annual Summer Solutions series, Max and Stacy sit in with the host of the Breakdown podcast, Nathaniel Whittemore, to discuss the state of the US economy and the shaky position of the dollar. Read Full Article at RT.com
The value of Saudi Arabia’s oil exports plunged by 54.8 percent year over year in June, or by US$8.7 billion (32.6 billion Saudi riyals), data from Saudi Arabia’s General Authority for Statistics showed on Wednesday. Read Full Article at RT.com
Alibaba & other Chinese firms may freeze India investments as business relations sour after deadly border clash
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Chinese e-commerce giant Alibaba is reportedly halting investment in Indian startups, in another sign that recent deadly clashes along the countries' Himalayan border are eroding business ties between the two Asian economies. Read Full Article at RT.com
Dollar will crash because US ability to export its overvalued currency is coming to an end – Peter Schiff
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Veteran stockbroker Peter Schiff has warned once again that the US currency is doomed and the world will eventually lose confidence in it, which he says should have happened a long time ago. Read Full Article at RT.com
Pandemic profiteer: Jeff Bezos’ fortune skyrockets to nearly $200 BILLION
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Amazon stock’s surge during the coronavirus pandemic is making its boss Jeff Bezos richer every week. He is now closer than ever to the historic title of first person to be worth $200 billion. Read Full Article at RT.com
