UBS Predicts 80,000 More Retail Stores Will Close In Five Years
By Tyler Durden The retail apocalypse has been well documented for readers (see: here & here & here) over the years as tens of thousands of…
Tyler Durden
Fifth Avenue Landlords Are Owed About $200 Million In Unpaid Rent
By Tyler Durden Among the hardest hit by Covid were retail businesses across the country, including in once-coveted, well known shopping areas like New York…
“Brutal” Abuse Of Power: Watch As UK Police Break Up “Unlawful Gathering” Easter Service In London
By Tyler Durden Shocking footage has emerged showing the absurd lengths authorities are willing to go to enforce “Covid rules” even after vaccines have been…
“Huge Breach” — Personal Data Of 533 Million Facebook Users Leaked Online
By Tyler Durden Personal information of over 533 million Facebook users was leaked on a low-level hacking forum, according to Business Insider. Facebook users from 106…
Feds Warn Mortgage Firms: “Tidal Wave Of Distress” Coming As Forbearance Programs Set To Lapse
By Tyler Durden The Consumer Financial Protection Bureau (CFPB) warned mortgage firms Thursday “to take all necessary steps now to prevent a wave of avoidable…
Dollar’s Share Of Global Reserves Tumbles To Lowest Since 1995 As Yuan Hits All Time High
By Tyler Durden Last week, the The IMF released the latest Currency Composition of Official Foreign Exchange Reserves (COFER) report for Q4 2020. It showed…
Hawaii Unveils COVID Passports For Inter-Island Travel
By Tyler Durden Vaccination passports are being pitched as the new “golden ticket” in a dystopic post-COVID world if you want to travel – now that the…
White House Unveils Details Of Biden’s $2.25 Trillion Infrastructure Plan, Massive Tax Hikes
By Tyler Durden After weeks of waiting with investors hanging on every new detail, President Joe Biden is expected to unveil the first part of…
“Enormous Legal Issues” — Next Chapter Of Suez Crisis Is To Add Up Damages
By Tyler Durden The giant Ever Given container ship was dislodged from the Suez Canal bank on Monday, and traffic has since resumed, with more than 400…
Meet “Stretch” — The Warehouse-Worker Union-Busting Robot From Boston Dynamics
By Tyler Durden Boston Dynamics on Monday revealed a new warehouse robot called “Stretch,” designed to move 800 boxes per hour, equivalent to a typical human employee….
FinTech Company Mogo Offers $3,100 In Bitcoin To Open Or Refi A Mortgage
By Tyler Durden Monday morning saw further adoption of cryptocurrencies in general, and more specifically, Bitcoin. First, Visa announced it would be one of the…
77% Of Americans Are Worried About Soaring Inflation
By Tyler Durden Americans are becoming more worried about inflation than ever following the Federal Reserve and the federal government’s unprecedented response to the virus…
Americans’ Income Collapsed By Most On Record In February
By Tyler Durden After the extreme surge in income and spending in January (as government handouts gushed across the nation), analysts expected February to see…
US Stealth Jet Accidentally Shot Itself With Armor Piercing Round
By Tyler Durden A Lockheed Martin F-35B Lightning II sustained millions of dollars in damage last month while flying a routine training mission over U.S….