Director & heir to French veggie packaging giant Bonduelle killed in hit-and-run incident

Jerome Bonduelle, an executive at France’s family-run agri-food producer Bonduelle, was killed on Friday night, after a car hit him as he was cycling in the northern city of Lille. The 51-year-old was riding a bike along with his wife and daughter in the Euralille district of the French city when the hit-and-run incident ended…

Turkey issues maritime advisory over live-fire drills in contested Eastern Mediterranean until September 11

Ankara has issued a new Navtex maritime advisory, stating it will hold military exercises in the Eastern Mediterranean in the next two weeks. The announcement comes amid a tense territorial dispute with Turkey’s neighbor Greece. The live-fire drills will be held between August 29 and September 11, according to the advisory issued by the country’s…

Exposing The Waste In The Democrats’ “HEROES Act”

Exposing The Waste In The Democrats’ “HEROES Act” Tyler Durden Fri, 08/28/2020 – 16:40 Authored by Thomas Smith & Adam Andrzejewski via RealClearPolitics.com, Taxpayers of America, you may soon be funding a $500 billion bailout of the 50 states, all U.S. territories, and the District of Columbia. But where is this vast sum of money…

If S&P Hits 3,630 By Election Day, This Would Be The Greatest Rally Of All Time

If S&P Hits 3,630 By Election Day, This Would Be The Greatest Rally Of All Time Tyler Durden Fri, 08/28/2020 – 16:20 It’s amazing to think that just five short months ago, the S&P was just over 2,100 and Goldman was issuing fire and brimstone reports, warning the S&P could tumble to 2,000 in the…

Powell Pumps S&P To Best August Since ’86, Dollar & Bonds Puked

Powell Pumps S&P To Best August Since ’86, Dollar & Bonds Puked Tyler Durden Fri, 08/28/2020 – 16:00 August 2020’s 6.89% surge in the major US market index is the largest August gain since 1986 (when the S&P 500 rose 7.12%), but as the chart below shows Trannies almost doubled those gains… Source: Bloomberg This…

‘Clock’s only ticking in Pompeo’s parallel universe’: Iran taunts US launch of a countdown to sanctions ‘snapback’

Tehran has poked fun at Mike Pompeo after the top US diplomat set a deadline to ‘snap back’ sanctions on Iran under JCPOA, which he branded a “foolish” deal, and despite the UN Security Council refusal to back the US initiative. “The clock is ticking just in Pompeo’s parallel alternate universe!” exclaimed Saeed Khatibzadeh, spokesman for…

Merkel says Covid-19 pandemic will worsen, vows to shield children & economy from health crisis

German Chancellor Angela Merkel has warned that the coronavirus pandemic will likely accelerate in severity in the coming months, and promised that her government would focus on social welfare and safeguarding the economy. Speaking at her annual summer news conference in Berlin, the German leader said that her top priority was to ensure that the…

Macron to apply ‘necessary pressure’ to ensure reforms in Lebanon as Beirut struggles to form new govt

French President Emmanuel Macron is committed to pushing through the reforms he’s proposed for Lebanon, an Elysee official has said, as Beirut scrambles to create a new government amid economic and political chaos.  “The president has said he will not give up. He made a commitment to do what needs to be done and to…

Fed’s New Policy Will Compound Its Errors

Fed’s New Policy Will Compound Its Errors Tyler Durden Thu, 08/27/2020 – 16:25 Submitted by Mike “Mish” Shedlock, The Fed announced a new inflation policy today. It won’t improve anything. Fed Updates Long Term Strategy Today the Fed issued an update to its Longer-Term Goals on Monetary Policy. On maximum employment, the FOMC emphasized that…

Powell, Pelosi, & Pentagon Pummel Big-Tech, Bonds, & Bullion

Powell, Pelosi, & Pentagon Pummel Big-Tech, Bonds, & Bullion Tyler Durden Thu, 08/27/2020 – 16:01 Fed Chair Powell’s initial comments spiked stocks: *POWELL SAYS FED TO SEEK INFLATION THAT ‘AVERAGES’ 2% OVER TIME …then ‘moderation’ sent them reeling: *POWELL SAYS ANY INFLATION OVERSHOOTS WILL BE MODERATE but he later reassured that they would let inflation…

‘He Is Rooting For This’: Biden Accuses Trump Of “Encouraging” Violence As Mayhem Begins To Affect Polls

‘He Is Rooting For This’: Biden Accuses Trump Of “Encouraging” Violence As Mayhem Begins To Affect Polls Tyler Durden Thu, 08/27/2020 – 15:55 Joe Biden has accused President Trump of “encouraging” the race riots because they’re “a political benefit” to his reelection campaign. Repeating identical talking points in Thursday appearances on CNN and MSNBC, Biden…

Turkey announces live-fire drills in Eastern Mediterranean as Erdogan tells Trump Ankara not to blame for regional instability

Turkey says it will hold naval drills near northern Cyprus, amid a simmering territorial dispute with Greece. The announcement came as President Recep Tayyip Erdogan defended Ankara’s position in a call with his US counterpart. The live-fire exercises will take place on September 1-2, according to an advisory released by the Turkish navy on Thursday.…

Warsaw Zoo begins medical marijuana trial to help calm its stressed-out and grieving elephants

The zoo in Poland’s capital, Warsaw, is planning a first-of-its-kind experiment to treat grieving and stressed-out elephants with CBD oil, following the loss of their alpha female. The three remaining African elephants at the zoo will receive small liquid doses of a dozen drops of CBD oil, two or three times a day, through their…

Lebanon at risk of ‘disappearing’ if new govt isn’t formed, French FM Le Drian warns

Lebanon must immediately create a new government and implement reforms, or the country could face disintegration, French Foreign Minister Jean-Yves Le Drian has said. Political and financial reforms proposed by French President Emmanuel Macron as prerequisites to receiving foreign aid must be implemented by Beirut without delay, Le Drian urged on Thursday.  “The international community…

Everything Changes After Kenosha… “Divided We Stand”

Everything Changes After Kenosha… “Divided We Stand” Tyler Durden Wed, 08/26/2020 – 16:25 Authored by Tom Luongo via Gold, Goats, ‘n Guns blog, It would always come to this. At some point there would be a reckoning for BLM and Antifa. The shootings in Kenosha, WI are a dividing line for America. This is the…

Salesforce Fires 1,000 On Day Its Stock Soars To All Time High

Salesforce Fires 1,000 On Day Its Stock Soars To All Time High Tyler Durden Wed, 08/26/2020 – 16:09 With Saleforce stock exploding 25% higher today, one would think that some of the newly-found $48 billion in market cap would “trickle down” to its employees. One would be wrong. Earlier today, Salesforce reported that revenue climbed…

Global Stocks Hit Record High, Gold Spikes Ahead Of Powell Speech

Global Stocks Hit Record High, Gold Spikes Ahead Of Powell Speech Tyler Durden Wed, 08/26/2020 – 16:00 Global stocks finally took out their old record highs today (as measured by the MSCI World Index)…. and all it took was almost $10 trillion in global liquidity… Source: Bloomberg Global sovereign bond yields (blue above) are at…

‘If Greece wants to pay a price, let them come’: Erdogan fires back at Athens as Mediterranean row escalates

Perhaps pouring more petrol into the flaming spat with Greece, the Turkish president ruled out making any concessions to Athens on the oil and gas discoveries in the contentious Mediterranean waters. President Recep Tayyip Erdogan picked a rather symbolic occasion to make the claims. He was speaking at a ceremony to commemorate a military victory…

Chinese diplomat warns ‘shadow’ looming over ties with Australia & rejects its ‘whining about constitutional fragility’

A top Chinese diplomat has delivered an unvarnished critique of Canberra, accusing the Australian government of damaging bilateral relations with Beijing amid escalating political and economic tensions between the two nations. Wang Xining, China’s deputy head of mission in Canberra, expressed disdain at the notion that Beijing was exercising unwanted influence over Australian politics. “I…

Sweden says increased military readiness around Baltic Sea is ‘power show’ to both ‘partners’ & Russia

Sweden has stepped up military activity in the Baltic Sea to send a signal to Russia and other nations which it claims have dramatically increased their presence in the region, the country’s top defense officials have said. The so-called “high readiness action” will bolster Swedish land, naval and air forces in the southeastern and southern…

WTI Holds Near 6-Month Highs Amid Gulf Shut-Ins, Inventory Draws

WTI Holds Near 6-Month Highs Amid Gulf Shut-Ins, Inventory Draws Tyler Durden Tue, 08/25/2020 – 16:35 Oil prices were higher today, driven in large part by significant shut-ins across the Gulf of Mexico. WTI traded back above $43. As Bloomberg’s Kriti Gupta details, the Gulf of Mexico is responsible for 17% of U.S. offshore oil…

Democrats To Investigate Pompeo Over GOP Convention Speech

Democrats To Investigate Pompeo Over GOP Convention Speech Tyler Durden Tue, 08/25/2020 – 16:20 House Democrats are launching an investigation into Secretary of State Mike Pompeo’s upcoming speech at tonight’s Republican National Convention – not over the content of the speech, but whether it’s in violation of the Hatch Act and a breach of State…

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