Sunday, August 20, 2017

Tag: Profit

War With China? Effects Of A U.S. Blockade In The South China Sea

“Chinese and Western experts” say a blockade by the U.S. in the South China Sea of China's artificial islands would be an “act of war” according to breathless Wall Street Journal reporters. The New York Times says unnamed “American Navy experts” are calling a blockade “tantamount to war”. Association of...

The Nation’s Biggest Banks Have Gotten a $130 Billion Boost from Trump Win

Biggest winner: Bank of America. Donald Trump and the big banks appears to be this year’s biggest story of unrequited love. While Trump has accused Wall Street of trying to ruin the country on the election trail, investors banking on the fact that the next president will be good for nation’s...

Beware Donald Trump’s Infrastructure Plan

We don’t know much about Donald Trump's plans for this new toy he’s inherited called the world’s only superpower. But we know that he likes to put his name on things, which is why his prioritizing of an infrastructure program makes a lot of sense. He can barnstorm the...

Trump Team Promises To Dismantle Dodd-Frank Bank Regulations

During his presidential campaign, Republican Donald Trump said he would "get rid of" Dodd-Frank — the sweeping legislation passed in 2010 to address problems underlying the 2008-2009 financial crisis. Many Republicans hate the 2,300-page law, saying it is layered with far too many regulations. But Democrats say it provides valuable...

With Trump’s election, is stimulus spending back on Washington’s agenda?

Has John Maynard Keynes just won a ticket back to the White House? Keynes was the British economist who advocated government deficit spending to stimulate moribund economies. And that seems to be the principle undergirding the $1-trillion infrastructure construction plan that President-elect Donald Trump proposed shortly before election day. Trump...

While You Weren’t Looking, Donald Trump Released a Plan to Privatize America’s Roads and...

So this is kind of cute. While most of us were tearing our hair out over the FBI and Hillary Clinton's emails last weekend, Donald Trump's campaign quietly released a plan to privatize new infrastructure development in the United States. I know, that's not very sexy on the surface....

Biggest China Banks Grind Out Meager Profit Gains as Loans Sour

China's biggest banks are grinding out meager profit gains as they grapple with pressure from loans going bad. Agricultural Bank of China Ltd. on Friday posted a 0.5 percent increase in net income in the second quarter from a year earlier. China Construction Bank Corp. reported earlier in the week...

Dividends Are What Matter Now

Many investors turn to high-yielding shares as interest rates slide, but risk could increase. Dividends are playing an unusually large role in the stock market’s run to record highs, adding to investors’ concerns about stretched valuations and soft corporate earnings. The five-year rolling correlation between S&P 500 companies’ dividend yield and...

How Think Tanks Amplify Corporate America’s Influence

Think tanks are seen as independent, but their scholars often push donors’ agendas, amplifying a culture of corporate influence in Washington. WASHINGTON — As Lennar Corporation, one of the nation’s largest home builders, pushed ahead with an $8 billion plan to revitalize a barren swath of San Francisco, it found...

Oil Giants Find There’s Nowhere to Hide From Doomsday Market

Exxon Mobil Corp. and Royal Dutch Shell Plc last week reported their lowest quarterly profits since 1999 and 2005, respectively. Chevron Corp.’s third straight loss marked the longest slump in 27 years, and BP Plc lodged its lowest refining margins in six years. Welcome to year two of a supply...

Paris strikes astonishing partnership with secret Isis sponsor tied to Hillary Clinton

The City of Paris has struck a corporate partnership with French industrial giant, Lafarge, recently accused of secretly sponsoring the Islamic State (Isis or Daesh) for profit. Documents obtained by several journalistic investigations reveal that Lafarge has paid taxes to the terror group to operate its cement plant in Syria,...

Wall Street has been rocked by an $8 billion hedge fund’s implosion

Visium Asset Management, a multibillion-dollar hedge fund, has imploded in the biggest scandal to hit the industry in years. The fund told investors of its plan to close in a letter Friday. It's the most high-profile shutdown since authorities forced Steve Cohen's controversial SAC Capital to close in 2013. A slew of factors...

Global Wealth 2016: Navigating the New Client Landscape

The growth of global private wealth hit a speed bump in 2015, especially in the developed markets, with all regions other than Japan experiencing a slowdown relative to last year. This development, combined with the ongoing decline of revenue and profit margins—all amid shifting client needs in both traditional...

Mercenaries Are the Silent Majority of Obama’s Military

The president’s "light footprint" approach to war has relied on thousands of Americans paid to fight — and die — in the shadows. Last weekend, the New York Times published one of what will be many takes on President Barack Obama's legacy as commander in chief. Retroactively shoehorning seven-plus years...

Exposed: Sweatshop slaves earning just 44p an hour making empowering Beyonce clobber

BEYONCE'S new high street sportswear range for Topshop is made using sweat shop labour earning just £4.30 a day, we can reveal. The revelation heaps more pressure on under-fire fashion tycoon Sir Philip Green, who faces a grilling from MPs about his role in the collapse of BHS. The chain’s demise...

Banks Assert Constitutional Right to Billions in Subsidies

A trade group for the nation’s largest banks has asserted a constitutional right to risk-free profit from the Federal Reserve. Rob Nichols, the chief lobbyist for the American Bankers Association, argued in a comment letter Thursday that a recent federal law reducing the dividend on the stock that banks purchase...

Tunisia’s Getting More Guns Than Democracy

As Washington earmarks nearly $100 million for military aid to Tunis, arms manufacturers sense a new gold rush. But it may come at the cost of the country's fragile democracy. In the early morning hours of March 7, dozens of Islamic State fighters appeared in the center of Ben Guerdane,...
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Closing Panama Tax Haven Will Require Fighting the Most Powerful Lobby In the World

Michael Hudson is a Distinguished Research Professor of Economics at the University of Missouri, Kansas City. He is the author of The Bubble and Beyond and Finance Capitalism and its Discontents. His most recent book is titled Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global...

Actually, the Surging Yen Could Be a Good Thing for Japan’s Economy

It's gold for the old. The lofty yen, the best-performing G10 currency in 2016, threatens to serve as an arrow to the heart of Japan's Abenomics, crimping exports and dampening inflation at a time when the country is trying to boost both. During an interview on Bloomberg TV, however, UBS AG...

It’s Never Been This Hard for Chinese Debtors to Pay Interest

Just as monetary easing is pushing Chinese bond yields to record lows, the ability of listed companies to service their debt has dropped to the weakest on record. Firms generated just enough operating profit to cover the interest expenses on their debt twice, down from almost six times in 2010,...

Chinese Stocks in Hong Kong Enter Bull Market; Shanghai Rebounds

China’s Shanghai Composite Index capped its steepest monthly advance in almost a year, while a gauge of Chinese companies trading in Hong Kong entered a bull market amid signs the nation’s economy and currency are stabilizing. The Shanghai Composite rebounded 12 percent in March, led by consumer and technology companies....

Boeing to Cut More Than 4,500 Jobs

Boeing Co. on Tuesday said it planned to cut more than 4,500 jobs by June, as the company accelerates cost-cutting efforts to keep pace with customers demanding less expensive jetliners. The cuts come even as Boeing has booked record orders for its jets and is increasing production of its single-aisle...
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Days of Revolt: How We Got to Junk Economics

In this episode of teleSUR’s Days of Revolt, Chris Hedges interviews economist Michael Hudson on the history of classical economics and explores Marx’s interpretation of capitalism as exploitation. CHRIS HEDGES: Hi, I’m Chris Hedges. Welcome to Days of Revolt. Today in a two-part series we’re going to be discussing a...

Draghi’s Giant Giveaway; More Handouts for Wall Street

Last week, European Central Bank chief Mario Draghi announced a much bigger and wider-ranging stimulus package than anyone had expected. Unfortunately, the ECB’s bond buying program will have no impact on employment, business investment, inflation, lending or growth. It will, however, create a temporary incentive for corporations to buy...

Some Hedge Funds Want to Make Subprime Auto Loans Next Big Short

A group of hedge funds, convinced they have found the next Big Short, are looking to bet against bonds backed by subprime auto loans. Good luck finding a bank willing to do the trade. Subprime Loans Money managers have looked at betting that subprime auto securities will tank for many of...

Bank industry profits hit record high in 2015, despite record low in loan yields

The U.S. banking industry earned net income of $163.63 billion in 2015, the highest net income of any year in the SNL bank regulatory database, which dates back to 1991. The profit increase was driven by loan growth and expense reduction, offsetting a record low in interest income earned...

Goldman Sachs Says It May Be Forced to Fundamentally Question How Capitalism Is Working

One of the most heated debates among investors is the question of whether corporate profit margins can maintain their elevated level, or whether they will inevitably revert to mean. Here's a quick look at S&P 500-stock index profit margins, for example, going back more than 25 years. They remain high by historical standards. A...

If you’re worried about our sovereignty, read the German judges’ damning indictment of TTIP

A group of German judges have just dealt a serious blow to the European Commission’s desperate TTIP ‘compromise’. They’ve issued a damning indictment on the proposal for an ‘international investment court’, which the EU Commission hoped would get them out of the deep mess that the TTIP negotiations are...

Steamrolled

A special investigation into the diplomacy of doing business abroad. One of Europe’s poorest countries wanted a road, so U.S. mega-contractor Bechtel sold it a $1.3 billion highway, with the backing of a powerful American ambassador. Funny thing is, the highway is barely being used—and the ambassador is now working...

The world’s wealth is going to just 62 people

Wealth just keeps growing for the 62 richest people in the world. Collectively, this ultra-wealthy group controls $1.76 trillion, which is about the cumulative worth of the poorer half of the world’s population, or around 3.5 billion people. And since 2010, wealth has become more and more concentrated in favor...

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