Buffett's Refusal To Split Berkshire Stock Is Creating A 'Y2K-Like' Problem For Nasdaq

After years of lackluster performance, Warren Buffett's Berkshire Hathaway has seen its Class A shares climb 20% so far this year, bolstered by the reflation trade that has sapped tech stocks. But Buffett's old-...

https://www.zerohedge.com/markets/buffetts-refusal-split-berkshire-stock-creating-y2k-problem-nasdaq

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Goldman Announces Formation Of New Crypto Trading Desk

2018 was not a good year for bitcoin, and for cryptos in general: after hitting an all time high of (only) $20,000 in December of 2017, much of the remainder of 2018 was spent with the crypto bubble deflating, with early crypto investors first...

https://www.zerohedge.com/markets/goldman-announces-formation-new-crypto-trading-desk

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Tesla Admits Its Still "Firmly In Level 2" Autonomy, Won't Have Full Self Driving By Year's End

Elon Musk said in January of this year that he was"highly confident [a Tesla] will be able to drive itself with reliability in excess of human this year."

To many of us, we knew it was nonsense. Musk ...

https://www.zerohedge.com/markets/tesla-admits-its-still-firmly-level-2-and-wont-have-full-self-driving-years-end

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Ayatollah Khamenei Calls Israel "Not A Country, But A Terrorist Base" As Vienna Talks Intensify

In a fiery Friday sermon on the occasion of "Quds Day"an Iranian Islamic holiday that commemorates the expected "liberation of Jerusalem" and which falls every yearon the last Friday of RamadanIran's ...

https://www.zerohedge.com/geopolitical/ayatollah-khamenei-calls-israel-not-country-terrorist-base-vienna-talks-intensify

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COVID Vaccine Makers Prepares For Long Legal Battle As US Backs IP Waiver

Now that Germany has broken with the US over the question of whether to back a waiver for COVID vaccine IP that's been proposed at the WTO, pharmaceutical giants like Pfizer that were planning on COVID-19 vaccines becoming a...

https://www.zerohedge.com/covid-19/covid-vaccine-makers-prepares-long-legal-battle-us-backs-ip-waiver

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A Record 34% Of All Household Income In The US Now Comes From The Government

Following today's release of the latest Personal Income and Spending data, Wall Street was predictably focused on the changes in these two key series, which showed a jump in personal spending, offset by a record surge in ...

https://www.zerohedge.com/economics/record-34-all-household-income-us-now-comes-government

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"Our Warplanes Can Reach Iran": Israeli Intelligence Minister Vows War If "Bad Deal" Reached In Vienna

A topIsraeli intelligence officialhas warned that if the end result of the Vienna talks is a return to the JCPOA nuclear deal, then war between Iran and Israeli will very likely follow.

...

https://www.zerohedge.com/geopolitical/our-warplanes-can-reach-iran-israeli-intelligence-minister-vows-war-if-bad-deal

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Majority Of US Companies Will Require Workers To Provide Proof Of Vaccination

It looks like American colleges won't be alone in making vaccination mandatory for any students who want to return to campus next semester. Despite the White House's determination that vaccination shouldn't be mandatory ...

https://www.zerohedge.com/markets/majority-us-companies-will-require-workers-provide-proof-vaccination

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US Intelligence Tells CongressChina's Nuclear Arsenal "On Track To Exceed Our Previous Projection"

A hearing held by the Senate Armed Services Committee this week on the range of threats the United States faces globally focused on China and Chinese leadership viewing US power as "declining" while ...

https://www.zerohedge.com/geopolitical/us-intelligence-tells-congress-chinas-nuclear-arsenal-track-exceed-our-previous

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What The Boom In Fraud Says About The Current Market Environment, Part 2

Authored by Jesse Felder via TheFelderReport.com,

Just about three months ago, I wrote ablog postwhich featured this quote, from Charles P. KindlebergersManias, Panics and Crashes: Swindles are a response to the appetite for...

https://www.zerohedge.com/markets/what-boom-fraud-says-about-current-market-environment-part-2

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"The Staffing Shortage Is Real" - Manhattan Restaurants Struggle To Hire As Millions Paid Not To Work

Long-suffer NYC restauranteurs may have been tempted to celebrate when Mayor Bill de Blasio announced yesterday that the Big Apple would "fully reopen" on July 1. But just as the problem of COVID-...

https://www.zerohedge.com/markets/manhattan-restaurants-struggle-hire-servers-too-many-workers-get-paid-stay-home

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Victoria "F*ck The EU" Nuland Is Now Highest-Ranking Member Of US Foreign Service

Authored byRick Rozoff via AntiWar.com,

On Thursday the USSenate confirmed Victoria Nuland as Under Secretary of State for Political Affairs, which has been described as the fourth most important position in the ...

https://www.zerohedge.com/political/victoria-fck-eu-nuland-now-highest-ranking-member-us-foreign-service

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Berkshire Profit Soars As It Sells Others, Buys Back Its Own Stock

Over a decade into the biggest metaphorical massacre of value investors by the Federal Reserve (which sadly was also literal in the case of Charles de Vaulx, a renowned value investor and co-founder of International Value Advisors...

https://www.zerohedge.com/markets/berkshire-posts-near-record-operating-profit-amid-2nd-highest-stock-sales-5-years

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Rates Can Still Come Down Some Even As The Reflation Trade Continues

Authored by Bryce Coward via Knowledge Leaders Capital blog,

Last weekwe wrotehow interest rates may have room to come down a bit before ultimately heading higher later this year and into next year. This line of thinking was ...

https://www.zerohedge.com/markets/rates-can-still-come-down-some-even-reflation-trade-continues

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One-Third Of Basecamp Employees Quit After Ban On Political Discussions At Work

Roughly one-third of employees at Basecamp are quitting after the company instituted a 'controversial' ban on wokeness in the workplace, according to TechCrunch.

After CEO Jason Fried announced in a Monday blog post ...

https://www.zerohedge.com/political/one-third-basecamp-employees-quit-after-ban-political-discussions-work

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McConnell Urges Biden Administration To Drop "Divisive, Radical" 1619 Project From Grant Programs

Authored by Tom Ozimek via The Epoch Times,

Thirty-seven Republicans led by Senate Minority Leader Mitch McConnell (R-Ky.) on Thursday penned a letter to Education Secretary Miguel Cardona urging him...

https://www.zerohedge.com/political/mcconnell-urges-biden-administration-drop-divisive-radical-1619-project-grant-programs

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Senate Intelligence Leaders Say Mystery Sonic Weapon Attacks On US Officials Increasing

After it was revealed Thursday that US intelligence is investigating at least two potential "directed energy" sonic attacks on White House personnel - one of which is alleged to have happened just ...

https://www.zerohedge.com/political/senate-intelligence-leaders-say-mystery-sonic-weapon-attacks-us-officials-increasing

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Biden Unveils New Strategy For North Korea & Wants You To Know It's "Not Trump's"

On Friday the Biden administration announced the completion of its major review of US policy toward North Korea, which revealed deep White House pessimism toward prior Trump efforts to strike a "grand bargain" with ...

https://www.zerohedge.com/political/biden-unveils-new-strategy-north-korea-wants-you-know-its-not-trumps

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Niall Ferguson: How Ike's 1950s America Beat The 'Asian Flu' With Science & Common Sense

This essay is adapted from Mr. Fergusons new book, Doom: The Politics of Catastrophe, which will be published by Penguin Press on May 4. He is a senior fellow at the Hoover Institution at Stanford University...

https://www.zerohedge.com/covid-19/niall-ferguson-how-ikes-1950s-america-beat-asian-flu-science-common-sense

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California To Offer Early Release To Over 63,000 Violent Felons

California Gov. Gavin Newsom is giving 76,000 inmates - 63,000 of which are violent and repeat felons - the chance to leave prison early, allowing inmates with good behavior to shorten their sentences by 1/3 instead of the 1/5 ...

https://www.zerohedge.com/political/california-offer-early-release-over-63000-violent-felons

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Russia, Iran, & A SWIFT Nuclear First Strike

Authored by Tom Luongo via Gold, Goats, 'n Guns blog,

Jim Sinclair, ages ago, told us that the moment the Obama administration threatened the Swiss with SWIFT expulsion over opening up its vaunted banking privacy rules was the equivalent of a nuclear ...

https://www.zerohedge.com/geopolitical/russia-iran-swift-nuclear-first-strike

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"The Costs Are Up, Up, Up. We're Seeing Substantial Inflation" Admits A Surprised Warren Buffett As Powell, Yellen See Nothing

We already touched on two of the more colorful exchanges from Saturday's Berkshire annual videoconference, both of which incidentally starred the traditionally far more ...

https://www.zerohedge.com/markets/costs-are-were-seeing-substantial-inflation-admits-surprised-warren-buffett-powell-yellen

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The Fourth Turning: Why America's "Crisis" May Last Until 2030

Authored by 'FreeSpeechFan' via TheDuran.com,

It is comforting that the Fourth turning is part of a natural cycle but also very disturbing that it is a period of crisis. As we know from previous cycles, many people suffer and die ...

https://www.zerohedge.com/geopolitical/fourth-turning-why-americas-crisis-may-last-until-2030

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"Monster-Size Lava Fountain" Erupts In Iceland

An Icelandic resident uploaded a stunning video on YouTube of a new volcanic eruption early Sunday morning.

YouTube"Sigfs Steindrsson"has been following a new fissure vent that opened a couple of weeks ago and is visible from Reykjavk, the capital of...

https://www.zerohedge.com/geopolitical/monster-size-lava-fountain-erupts-iceland

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Fake Health Certificates Complicate The Already Messy "Vax Pass" Idea

Authored by Mike Shedlock via MishTalk.com,

The proliferation of fake health certificates is exposing a logistical blind spot for the airlines. Confusion doesn't stop there.

Airlines Struggle to Police Fake Certificates

In ...

https://www.zerohedge.com/markets/fake-health-certificates-complicate-already-messy-vax-pass-idea

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EU Pushes Plan To Revive Tourism By Opening Borders To Vaccinated Travelers

Late last month, European Commission chief Ursula von der Leyen revealed in an interview with the NYT that the EU would soon allow Americans and others who can prove that they have been fully vaccinated travel to popular ...

https://www.zerohedge.com/covid-19/eu-pushes-plan-revive-tourism-opening-borders-vaccinated-travelers

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Intel's CEO Says Chip Shortage Could Last "A Couple Of Years" In New '60 Minutes' Interview

Intel's CEO has been the latest in a chorus of voices stating that the ongoing semiconductor shortage is going to last for a "couple of years".

Speaking on 60 Minutes Sunday night,chief executive officer ...

https://www.zerohedge.com/markets/intels-ceo-says-chip-shortage-could-last-couple-years-new-60-minutes-interview

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EBay Plans To Enable Crypto Payments And Break Into NFT Market

With eBay shares sinking on lackluster earnings guidance from the company's latest quarterly report released last week, CEO Jamie Iannone decided to spice things up by revealing in the middle of an interview on CNBC that the auction ...

https://www.zerohedge.com/crypto/ebay-plans-enable-crypto-payments-and-break-nft-market

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JPM: Biden's Infra Bill Faces Enough Dem Opposition That It Will Be Materially Lower Than $4 Trillion

After weeks of bombastic announcements by the Biden administration, which included an utterly unprecedented $6trln in new federal spending split between The American Families Plan, American Jobs ...

https://www.zerohedge.com/markets/jpm-bidens-infra-bill-faces-enough-dem-opposition-it-will-be-materially-lower-4-trillion

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Here Are The Best Performing Assets In April And YTD

April was another solid month for financial markets, with 31 of the 38 non-currency assets in Deutsche Bank's main sample gaining ground (alas, unlike Goldman, DB refuses to include cryptos to the main sample of assets it tracks).

As DB's Henry...

https://www.zerohedge.com/markets/here-are-best-performing-assets-april-and-ytd

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