Financial news
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- Ronal-dough: Money men coin it in as Man United value rockets by $306MN in one afternoon with share price soaring by staggering 8%
Manchester United fans aren't the only ones grinning at Cristiano Ronaldo rejoining the club after the world's most marketable footballer sent the club's value soaring – with some claiming its value grew by $200 million in hours. - Rising Roman: Chelsea owner Abramovich adds more than $2BN to his vast wealth as midfielder Kante joins him on annual UK rich listChelsea owner Roman Abramovich has moved up the league table of the UK's richest people by adding more than $2 billion to his wealth in a year – and top Blues midfielder N'Golo Kante is one of the wealthiest young sports stars.
- GameStop controversy put AOC & Trump Jr on SAME PAGE against Wall Street – but panicked MSM smears Reddit traders as ALT-RIGHT MOBThe GameStop stock rebellion is playing out like a revealing Rorschach test, drawing political figures as divergent as Donald Trump Jr. and Alexandria Ocasio-Cortez together, and prompting legacy media to demonize the uprising.
- FinCEN leak paints picture of indiscriminate money laundering with help of world’s largest banks as govt turns blind eyeA massive leak of internal bank documents has supposedly revealed that the world’s biggest financial institutions moved more than $2 trillion in suspected dirty money for mobsters, drug cartels, and ponzi schemers.
- V-shaped recovery of financial markets is a myth: They will be destroyed by a credit default tsunamiThe commercial and residential property markets are on the brink of collapse. And central banks’ promise to print unlimited amounts of money will not solve the problem, but trigger a major financial crisis.
- Best-case scenario: German economy may need at least EIGHT YEARS to recover from Covid-19 recession, report saysThe German economy continues to contract, losing €15 billion ($16.6 billion) a week due to the recession caused by Covid-19, a new report has said. It warned that it will take at least eight years for the country to recover.
- Russia to boost coal production & sales, will be world’s top exporter within decadeThe world’s largest coal-producing country, Russia, plans to increase its output and exports over the next 15 years. Russia’s share of the global coal export market is projected to expand to 25 percent from the current 11 percent.
- Wall Street tumbles as US threatens China with tariffsUS stocks are facing a second straight day of losses, after President Donald Trump threatened to unleash a new barrage of retaliatory tariffs on China over the coronavirus crisis.
- Stocks and Chinese yuan cave in on Trump’s China tariff threatUS President Donald Trump’s renewed attack on Beijing over the coronavirus crisis has sunk the Chinese national currency, the yuan, to a one month-low, while global markets also dipped lower.
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