Amazon Wins Appeal Overturning $300M EU Tax Bill In Latest Defeat For Vestager

Amazon has just scored a major victory in Europe's second-highest court that mirrors Apple's recent tax victory in Europe.

The American tech giant on Wednesday saw a 250 million ($300 million) tax bill assessed by the ...

https://www.zerohedge.com/technology/amazon-wins-appeal-overturning-300m-eu-tax-bill-latest-defeat-vestager

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Gold Is Right

Authored by Jim Rickards via The Daily Reckoning,

Is the gold skid over? There are encouraging signs that the answer is yes. And, thats great news for patient gold investors (especially those who bought the lows, as I recommended to my subscribers a few weeks ago).

First, some ...

https://www.zerohedge.com/markets/gold-right

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"I'm Not At All Excited": China's Digital Yuan Is Turning Into A Giant Flop

It was supposed to be the biggest threat to the reserve status of the dollar (China's denial that it has no desire to replace the USD with the digital yuan only confirms it) since the failed experiment that is the "...

https://www.zerohedge.com/markets/im-not-all-excited-chinas-digital-yuan-giant-flop

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Doug Casey: Why Modern Monetary Theory Will Destroy Money...

Via InternationalMan.com,

Modern Monetary Theory (MMT) centers around the notion that the economy in general, and money in particular, should be the creatures of the State.

Its not a new idea the meme has been around in one form or ...

https://www.zerohedge.com/economics/doug-casey-why-modern-monetary-theory-will-destroy-money

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Meituan's CEO Sees Billions Wiped Out Over An Innocuous Thousand-Year Old Chinese Poem

A seemingly innocuous post on an obscure social media platform bya Chinesebillionaire CEO has sent shockwaves through the country's tech industry, and costfood delivery giantMeituan many billions in a mere few ...

https://www.zerohedge.com/economics/meituans-ceo-sees-billions-wiped-out-over-innocuous-thousand-year-old-chinese-poem

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Fake Lobster Meat Grown In Labs Could One Day End Up In Supermarkets

A Wisconsin-based startup is developing lobster and other seafood meat in a lab for a more sustainable approach for future food.

Cultured Decadenceis creating cell-cultured seafood products that are nutritious, animal-friendly, ...

https://www.zerohedge.com/technology/fake-lobster-meat-grown-labs-could-one-day-end-supermarkets

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More Senior Bankers Are Abandoning London In Favor Of Europe

Earlier, we noted how French officials are planning to sabotage talks between the UK and the EU about expanding access to EU financial markets. At this point, even if Britain does manage to make progress with the EU in a meeting later ...

https://www.zerohedge.com/markets/more-senior-bankers-are-abandoning-london-favor-europe

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Bitcoin Plunges Further As Musk Claims Energy Usage Trend Is "Insane"

Just when you though Elon Musk's change of heart on bitcoin could be short lived, he has again taken to Twitter on Thursday morning, furthering his "environmental" case against the cryptocurrency.

At about 0600 EST, Musk ...

https://www.zerohedge.com/markets/bitcoin-plunges-further-musk-claims-energy-usage-trend-insane

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Pentagon Evacuates 120 Personnel From IsraelAs Security Situation Unravels

The Pentagon has evacuated 120 military and civilian personnel who had been in Israel for planned upcoming joint exercises, CNN's Pentagon correspondent Barbara Starr is reporting.

She says the US personnel departed from ...

https://www.zerohedge.com/geopolitical/pentagon-evacuates-120-personnel-israel-security-situation-unravels

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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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Wal-Mart, Sysco Fine Suppliers As Labor Shortages Cause Surge In Late Orders

From the gas pump to the grocery aisle, Americans have been suffering from "sticker shock" for the first time in years. While the Fed continues to insist that inflationary pressures will be "transitory", sell-side banks ...

https://www.zerohedge.com/economics/wal-mart-sysco-fines-suppliers-labor-shortages-cause-surge-late-orders

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Johns Hopkins Doctor Dismisses Walensky Fear-Mongering: "Most Of The Country Is At Herd Immunity"

Authored by Scott Morefield via Townhall.com,

Dr. Marty Makary, a surgeon at Johns Hopkins Hospital, disputed CDC Director Dr. Rochelle Walensky's contention that COVID-19 variants could set back the...

https://www.zerohedge.com/political/johns-hopkins-doctor-dismisses-walensky-fear-mongering-most-country-herd-immunity

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The Blockchain And The Future Of Everything

Authored by Ethan Yang via The American Institute for Economic Progress,

Writing, money, and ledgers, are the three basic building blocks that allowed humanity to progress past the days of foraging for berries and hunting wild game to the advanced ...

https://www.zerohedge.com/technology/blockchain-and-future-everything

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Screw Lumber, Just 3D-Print Your Next Home

With lumber prices up 67% since the start of this year and up 340% from a year ago, according to Random Lengths, a wood products industry tracking firm, adding tens of thousands of dollars to new residential builds, there is a viable new option to ...

https://www.zerohedge.com/technology/screw-lumber-just-3d-print-your-next-home

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Demand For Ass Implants Booms During Pandemic

In the early days of the virus pandemic, things didn't look so hot for the field of plastic survey. Hospitals were overrun with COVID-19 infections and banned all elective procedures, limiting plastic surgeries. But sometime after, when the economy ...

https://www.zerohedge.com/medical/demand-ass-implants-booms-during-pandemic

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Dream Chaser Spaceplane Cleared To Resupply Space Station

The Dream Chaser spaceplaneenteredinto a Use Agreement for Space Florida's Launch and Landing Facility (LLF) to land after resupply missions to the International Space Station (ISS) in 2022.

The uncrewed, robotic spaceplane will be ...

https://www.zerohedge.com/technology/dream-chaser-spaceplane-cleared-resupply-space-station

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ARKegos: Cathie Wood Admits Bill Hwang Seeded Her ETFs, As Questions Swirl About Trade Similarities

Just hours after we wrote an article titled "ARKchegos Looming" on Thursday, which compared ARK Invest's Cathie Wood to Bill Hwang and started to ask some critical, pointed questions about how many ...

https://www.zerohedge.com/markets/weekend-wood-ark-founder-admits-bill-hwang-seeded-her-etfs-says-she-likes-setup-flagship

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Ethereum Soars To Record High Above $3,800 As JPMorgan Lays Out 6 Reasons Why Explosive Move Will Continue

Back on April 25, we quoted a prominent billionaire VC who said that "Ethereum is the world's most interesting trade right now" and we predicted that "Ethereum Is About To Make An Epic ...

https://www.zerohedge.com/markets/ethereum-soars-record-high-above-3800-jpmorgan-lays-out-6-reasons-why-explosive-move-will

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Hedge Funds Are The 'Most Short' Junk Debt Since Lehman

A month ago we warned that The Fed's incessant intervention had put distressed investors out of business as the remarkable rally in even the lowest quality junk debt ('CCC or triple hooks') had created party time for zombie companies ...

https://www.zerohedge.com/markets/hedge-funds-are-most-short-junk-debt-lehman

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US Troops Accused Of Pillaging Syrian Grain Silos As Russia Warns Of IncreasedOccupation

Syrian and Russian state sources are reporting late this week that Russia's Defense Ministry is expressing anger over what it described as noticeablyincreased American military activity in Syria's northeast ...

https://www.zerohedge.com/geopolitical/us-troops-accused-pillaging-syrian-grain-silos-russia-warns-increased-occupation

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Beijing's Elusive Bid For Pricing Power On Rare Earths

Authored by Damien Ma via MacroPolo.org,

Fromventilatorand chip shortages to what kind of ships traverses through which canals, the linkages and nodes ofthe global economy have rarely been in the spotlight as much as they have over the ...

https://www.zerohedge.com/technology/beijings-elusive-bid-pricing-power-rare-earths

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Turn Over Routers Or Face Subpoenas, Arizona Lawmakers Tell Maricopa County

Submitted by Zachary Stieber

Votes are counted by staff at the Maricopa County Elections Department office in Phoenix, Ariz., on Nov. 5, 2020.

Legislators in Arizona and officials in the states largest county clashed ...

https://www.zerohedge.com/political/turn-over-routers-or-face-subpoenas-arizona-lawmakers-tell-maricopa-county

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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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