Yesterday's miraculous dip-buying in Apple stock has been erased as yet another wourse raises concerns about iPhone production:
The stock is down 2.5% on the news. Time to unleash moar buybacks!!
As Bloomberg reports,
A day after it joined Saudi Arabia in severing diplomatic ties with Iran, Bahrain has halted all flights to and from the Islamic republic. Bahrain’s transport ministry announced the move Tuesday in a statement carried by the official Bahrain News Agency. Kuwait also recalled its ambassador from Tehran on Tuesday amid a growing regional dispute surrounding Saudi Arabia’ execution of a Shiite cleric on Saturday.
Brave New World of Bank Bail-Ins As Of January 1st
On January 1st, 2016, the new bail-in regime became law putting at risk the deposits of savers and companies in the EU.
Capitalism Today
In the first 22 hours of work in 2016 Britain’s top 100 business executives each earn an amount equal to the annual average British salary. https://www.rt.com/uk/327995-fat-cat-tuesday-pay/
The post Capitalism Today appeared first on PaulCraigRoberts.org.
Amid threats from various Republican Congressmen, soaring pre-emptive gun sales, and a majority of Americans (56%) believe that if more Americans carried concealed weapons the country would be safer; President Obama is set today to formally announce his executive action new gun-control measures.