Ten days after we reported that "Uber was imploding", when the company's Chief Business Officer resigned at the same time as the CEO announced a leave of absence, the "Uber collapse" was complete when Uber CEO Travis Kalanick, co-founder of the world's most valuable private company, announced his resignation on Tuesday following an "investor revolt" over his catastrophic leadership.
Authored by Ann Pettifor via RenegadeInc.com,
Britain is preparing to leave the European Union with no real plan and a government in disarray, writes economist, Ann Pettifor. How can we trust economists at the Treasury not to impose more disastrous policies?
If the British economy crashes as a result of Brexit, it will not vindicate economists. It will simply illustrate once again, their failure.
After crashing 30% last week, Bitcoin is now up over 33% in the last few days helped by a surge in demand from India exchanges after the India government ruled Bitcoin as legal in India...
Yet another big rebound... this time as India - the world's second most-populous nation rules in favor of regulating Bitcoin...
For the 10th day in a row, China's bond yield curve remains inverted (the longest in history).
With yields at 3-year highs, corporate bond issuance is evaporating, and has now emerged as the latest major, and most imminent, threat facing China's financial sector and $10 trillion corporate debt market.
However, it appears Chinese authorities have reached their max pain point.
Back in January, Trump took a very public victory lap when Ford decided to scrap plans to build a $1.6 billion manufacturing facility in Mexico and invest in its Michigan facilities instead (we discussed it here: Trump Takes Victory Lap After Ford Cancels $1.6 Billion Mexican Expansion Plan As "Vote Of Confidence" In President-Elect).
"@DanScavino: Ford to scrap Mexico plant, invest in Michigan due to Trump policies"https://t.co/137nUo03Gl