Category: Business News

Fed’s Labor Market Conditions Index Plunges Most In 7 Years

Fed’s Labor Market Conditions Index Plunges Most In 7 Years

by Tyler Durden While mainstream media clung to The White House spin of record monthly streak of jobs gains after Friday’s payrolls, The Fed’s own Labor Market Conditions Index (LMCI) paints a very different picture of the health of the American job market. With a 0.3% drop in December, the...

Peter Thiel Says Silicon Valley Failed America

Peter Thiel Says Silicon Valley Failed America

by CHRISS W. STREET Silicon Valley leaders are befuddled as both political parties — and venture capital giant Peter Thiel — are rejecting their agenda, which includes the Trans-Pacific Partnership, expanded H1-B immigration visas, new autonomous vehicles regulations, and “gig economy” worker reclassification. With Trump’s prospects for winning the presidency...

Is US Auto Sales Data Fabricated: FBI Investigating Chrysler For Falsifying Monthly Sales Reports

Is US Auto Sales Data Fabricated: FBI Investigating Chrysler For Falsifying Monthly Sales Reports

by Tyler Durden Ever wonder how car sales have been so remarkably strong over the past 7 years as the economy has seemingly stagnated?  Sure, a massive subprime auto lending bubble has helped fuel auto sales as $0 cash down, 0% interest and 70 month terms have become the norm...

Hanjin seeks funds to free stranded cargo worth $14bn

Hanjin seeks funds to free stranded cargo worth $14bn

The failed Hanjin shipping group is desperately seeking funds to rescue $14bn (£10.5bn) worth of cargo stranded round the world following its collapse. Hanjin filed for receivership in South Korea last week after attempts to bail out the indebted company failed. Ports have refused to accept Hanjin cargoes without guarantees...