“Opendoor, a startup that uses computer algorithms to buy and sell homes, has closed a new fundraising round in a bid to supercharge growth.”
“In addition to blaming the lack of creditworthy borrowers, banks are all blaming the rising prices of vehicles as a reason for their disintegrating lending standards.”
“Share-buyback announcements led to ‘abnormal returns’ in the share price over the next 30 days. Executives used this share price surge to cash out.”
“This massive insider-selling confirms the recent warning from the SEC Commissioner about insiders selling stocks into their company’s buyback programs.”
Read more: https://www.zerohedge.com/news/2018-06-12/fang-insiders-selling-their-stocks-faster-any-time-history
“First Coca-Cola, then Pepsi closed their distribution centers amid drug gang extortion demands.”
Read more: https://www.yahoo.com/news/no-coke-no-pepsi-bottlers-leave-mexican-city-210937975.html
“What many of the harder-hit Sifi banks have in common, said Mr Harnett, was a heavy dependence on US-dollar funding, putting them at risk of a squeeze if US rates continue to rise and the dollar continues to strengthen.”
Read more: https://www.zerohedge.com/news/2018-06-14/some-most-systemically-important-banks-world-are-tumbling
“The collapse of the peso comes despite an endless series of measures to halt it.”
“Desperate oil workers and criminals are stripping the oil company of vital equipment, vehicles, pumps and copper wiring, carrying off whatever they can to make money.”
Read more: https://www.nytimes.com/2018/06/14/world/americas/venezuela-oil-economy.html
“Jobs at PDVSA were once coveted for their generous salaries and benefits, including cheap credit for housing. Now, many PDVSA workers can’t feed their families on wages that amount to a handful of U.S. dollars a month.”
“In addition to the minimum 30 percent black ownership requirement, mining company boards must be 50% black people with 20% black women.”