· Today's Retail Investor: Dumb Money, Smart Money Or Just Plain Lucky →
Ignoring the bigger picture along with the underlying fundamentals of a broken economy, massive unemployment, huge debt levels in both the public and private sector, a Federal Reserve policy that has totally destroyed the roots of free-market capitalism, price discovery and the natural market forces that create an essential balance between supply and demand, massive supply chain disruptions, escalating food prices, energy inventory disturbances, sharply falling earnings expectations for some of America's biggest and best businesses, nosebleed valuations and historically rich P/E multiples that defy any logical rational for pricing equities, political turmoil, the resurgence of a possibly lengthy trade war with China, a Fed balance sheet approaching $7 trillion, a ballooning national debt and a President who some say has failed in providing the leadership necessary to protect the lives of the American people from a deadly pandemic.
· OPEC+ Wants To Eliminate Storage Overhang Before Year-End Via Aggressive Supply Cuts →
We admit that the demand clarity remains foggy, but given the recent surprise in demand pick-up from China, we think the delta between our 6 mb/d deficit and the 3 mb/d deficit needed is sufficient.
· PayPal: A Continuing Dominance In The Payments Industry →
The Asian Market in particular is set to grow with China estimated to soon account for 50% of world's digital payments and PayPal's revenue surged 1200% YoY in India.
The New York Times
· Hong Kong Bans Tiananmen Vigil for 1st Time, in New Challenge to Protests →
Days after China moved to enact new security laws for Hong Kong, the territory’s police rejected permission for an annual vigil to honor the victims of the 1989 Tiananmen Square protests.
· De La Rue: A Lot To Prove Before It's Investable →
In recent years, competitors such as China's state-owned banknote printer have been expanding internationally.
· On Donald Trump's watch, all crises 'should never have happened' →
In the case of the coronavirus, Trump’s culprit has been China, where the disease is believed to have originated: “It should have never come out of China, but it did.
· Protests could spread coronavirus. But a second wave was coming before the demonstrations. →
Even in some regions that were the earliest affected and the first to see dramatic flattening of the curve of infection — regions of Asia, particularly China, Hong Kong and South Korea — there has been new evidence of a second wave despite the favorable impact of the often draconian measures of containment.
The New York Times
· ‘Our Nation Is Falling Apart’ →
Racial unrest, mass protests, rioting and looting, millions unemployed, thousands of businesses either filing for bankruptcy or closing for good, endless lines of the hungry waiting for hours at food banks, over 100,000 U.S. dead from the coronavirus, health care workers pushed to the brink, an incoherent and often contradictory state-by-state response to a ravaging pandemic, escalating tensions with China over trade and deteriorating relations with Russia concerning election meddling.
· The Male Model Making Face Shields to Combat New York’s COVID-19 Crisis →
Back in February, after months of ironing out contracts and securing visas, model Benji Staker was gearing up for a month-long working trip to China.
The Wall Street Journal
· Puerto Rico as the Answer to Pharmaceutical Security →
Regarding José A. Cabranes’s “Bring the Drug Industry Back to Puerto Rico” (op-ed, May 21): It seems to me that bringing the pharmaceutical industry from China to Puerto Rico trades one set of problems for another.