Business

Three months after Amazon slashed some Whole Foods prices by as much as 43% on the day its purchase of the grocery chain closed in its first (of many) attempts to steal market share from competitors by selling at a loss, today Amazon announced round 2 of the grocer wars, when it unveiled even more discounts on several grocery products at Whole Foods, just days ahead of the Thanksgiving holiday, sending stocks of rival ultra-low margin grocers tumbling.

We noted in June that Zimbabwe's cash crisis continued unabated.

Those awaiting cash transfers at a bank may wait a month to be cleared and, even then, the transfer may be refused.

The Standard, Zimbabwe’s leading Sunday newspaper, ran an article at the time entitled, “Black market thrives, as banks run dry.”

Some highlights from that article:

Forget Bitcoin; ignore Roku... it's time to look at nano-cap medical device-maker CHF Solutions - which is up almost 500% today on absolutely no news whatsover...

$10mm market cap, CHF Solutions, Inc. distributes health care products. The Company provides commercialization of medical devices for the treatment of fluid overload, heart failures, and other cardiac diseases. CHF Solutions serves customers in the United States.

Efficient markets... (halted 14 times so far)

Which is worse - from a bond market perspective - Socialist utopia Venezuela or debt-bloated Puerto Rico?

Of course, comparing price is not a fair comparison in bond land...

European Stocks are back at 2-month lows after falling for 7 straight days - the longest losing streak since early November last year.

This time there is no US election 'surprise' to rescue them!

Given the massive ECB buying program throughout Europe, it is the stock market that is leading the HY bond market lower (after the latter saw spreads crash to a record low 179bps at the start of November)...