Nike’s Kaepernick Ad Has Cost The Company Over $4 Billion So Far

Since announcing their new advertising campaign will be led by Colin Kaepernick, the social media backlash has dominated the virtue-signaling efforts we presume they hoped for. With images of Nike apparel and footwear being burned and real sacrifice being discussed, it appears investors are growing disillusioned as NFL fans as Nike shares are down over 3% in the pre-market. […]

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Appellate Court Ordered CA Governor to Return ‘Unlawfully Diverted’ Subprime Crisis Funds

After this “reclassification” of intent, the State will probably appeal to the California Supreme Court. By Katy Grimes Gov. Jerry Brown was recently ordered by the state’s 3rd Appellate District Court to repay more than $331 million in funds the state illegally diverted from a national fund intended to help homeowners struggling with foreclosures from […]

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Trouble Ahead For The Housing Market

We’re starting to see rising supply & flat/declining prices by Adam Taggart Our good friend John Rubino over at DollarCollapse.com just released an analysis titled US Housing Bubble Enters Stage Two: Suddenly Motivated Sellers. He reminds us that housing bubbles follow a predictable progression: Stage One: Mania — Prices rise at an accelerating rate as factors like […]

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Former Walmart US CEO Explains Why Trump Is Right About Amazon

By Tyler Durden Once again, despite the flurry of so-called experts who were quoted in the financial media saying President Trump has no idea what he’s talking about when he tweeted that Amazon “are putting many thousands of retailers out of business”, somebody with experience running one of the world’s largest retailers shocked a handful of […]

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Bill Gates: We will have another financial crisis like the one in 2008—it’s a ‘certainty’

Kathleen Elkins The 2008 financial crisis led to the Great Recession and millions of jobs lost. It took years for America to recover and many citizens still feel the ripple effects. According to Microsoft co-founder Bill Gates, though, we should be braced for another one. During a Reddit “Ask Me Anything” last week, when Gates was asked […]

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Janet Yellen calls stock market, real estate valuations ‘high’ in last interview before exit as Fed chief

Janet Yellen, whose last day at the Fed was Friday, told CBS that stock market valuations are “high,” though she’s not sure if they’re in a bubble. The comments came amid an aggressive market sell-off that saw the Dow industrials lose 666 points Friday. Yellen has ended a 14-year career at the Fed, the last […]

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