An electric board displaying falling stock prices in Hangzhou, in China’s Zhejiang province. Photograph: AP
Chinese shares has tumbled more than 8% after an unprecedented state rescue effort to prop up valuations abruptly stopped, raising doubts about the viability of Beijing’s plan to stave off a deeper crash.Major indexes had their largest one-day drop since 2007, shattering three weeks of relative […]
China’s stock markets cratered again today, despite the government’s stimulus efforts. The Shanghai Composite Index fell by 8.5% and the Shenzhen A-shares index lost 7% of its value.Over the past 10 years, today’s drop was the second-worst on record:The fall comes after the government reported a 0.3% drop in industrial profits in June, a sign that China’s economy may be […]
1. The commodity rout continues to pull down global stocksAsian stock markets dropped for the fourth day, Bloomberg reports.China’s stocks tumbled, with its benchmark index falling the most since February 2007 on concerns the Chinese government won’t be able to continue propping up the market. The Shanghai Composite Index plunged 8.5 per cent to 3,725.56 at the close, as 75 […]
Yanis Varoufakis has just released a statement defending his work creating a parallel payment system during his time as finance minister.The statement, from “the Office of Yanis Varoufakis”, insists that he was fully authorised to carry out the work.It also criticises the media for their “far-fetched” articles, and denies the claim that he ever planned to hijack all taxpayers tax […]
Yanis Varoufakis has just released a statement defending his work creating a parallel payment system during his time as finance minister.The statement, from “the Office of Yanis Varoufakis”, insists that he was fully authorised to carry out the work.It also criticises the media for their “far-fetched” articles, and denies the claim that he ever planned to hijack all taxpayers tax […]
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The Stock Market Will Start To Fall In July? The Dow Plummeted More Than 500 Points Last Week
By Michael Snyder, on July 26th, 2015Was last week a preview of things to come? There are quite a few people out there that believe that the stock market would begin to decline in July, and that appears to be precisely what […]
REUTERS/Yiannis KourtoglouGreek flags are displayed for sale for one Euro at a shop in Athens, July 26, 2015.The Greek stock exchange will remain closed on Monday but might reopen on Tuesday after a one-month shutdown, official sources said.”It’s certain that it will not open on Monday, maybe on Tuesday,” a spokesperson for the Athens Stock Exchange told Reuters on condition […]
This week the casino got monkey hammered. While the last holdouts went parabolic…FANG:Wall Street’s latest acronym is Facebook, Amazon, Netflix and Google. The whole world is falling apart, but the good news is that Amazon finally made a microscopic profit by selling cheap shit over the internet. Their trailing profit margin is -.2%. I’m not making this shit up. And […]
