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Sunday, September 19, 2021

World’s Largest Producer Of Small Gasoline Engines Files For Bankruptcy

Briggs & Stratton Corporation, the world's largest manufacturer of small gasoline engines with headquarters in Wauwatosa, Wisconsin, filed petitions on Monday morning for a court-supervised voluntary reorganization under Chapter 11, along with plans to sell "all the company's assets" to KPS Capital Partners.  The Fortune 1000 manufacturer of gasoline engines was able to secure a $677.5 million in Debtor-In-Possession (DIP) financing to support operations…

Mexico Now Has The World’s 6th-Deadliest Outbreak, Passing Spain: Live Updates

Summary: Mexico passes Spain as world's 6th deadliest outbreak Miami-Dade makes mask wearing mandatory in public Texas reports record jump in cases, most deaths in 6 weeks Pennsylvania 4th state to see record jump in COVID-19 cases North Carolina reports record jump in COVID-19 cases Cali orders 19 counties to close Trump does U-turn on…

Brazil Now Home To World’s Third-Largest Death Toll After Another Record Daily Jump: Virus...

Summary: Brazil passes Italy to claim world's third-worst death toll Architect of Sweden's no-lockdown strategy says he has no regrets, and doesn't plan to change approach NY to allow drive-in, drive thru graduations Italy sees more good numbers Pakistan reports record jump NYC won't allow outdoor dining until next month Florida reports most new cases…

All Of The World’s Money & Markets In One Visualization

In the current economic circumstances, there are some pretty large numbers being thrown around by both governments and the financial media. The U.S. budget deficit this year, for example, is projected to hit $3.8 trillion, which would be more than double the previous record set during the financial crisis ($1.41 trillion in FY2009). Meanwhile, the Fed…

“World’s Most Bearish Hedge Fund” Makes Revolutionary Transformation To His Investing Approach

Every trader has heard the age-old saying "don't fight the Fed". Everyone, perhaps with one exception: Horseman Global's CIO, and recently owner, Russell Clark, who has been upping his bearish bets in the face of a relentless liquidity onslaught by the Fed, ECB and PBOC. And in 2019, in his ambition to take on the…

Why The World’s Doing A Double-Take On China’s No-New-Infections Claim

Authored by Richard Bernstein via RealClearInvestigations, China’s announcement this month of nearly a week of no new infections in Wuhan, the hard-hit city where the coronavirus pandemic originated, was both hope-inspiring -- and hard to believe. Medical professionals said the draconian set of policies imposed by the Chinese government – including widespread testing, isolation of…

The World’s Top LNG Producer Is In Trouble

Authored by Cyril Widdershoven via OilPrice.com, Global LNG markets are struggling with a glut of unprecedented levels... International expansion in Australia, Qatar, Mozambique and Egypt, combined with a continuously strong US shale gas export drive, is pushing down prices further. Analysts have warned before that a possible LNG glut could end in tears, but nobody…

The World’s Ultra-Rich Scramble To Find Safe-Deposit Boxes Ahead Of The Next Crash

Last week we reported that according to a new analysis by UBS Wealth Management, the wealthiest investors around the world are preparing for a "significant" market crash by the end of next year. And while that may be fine and good - after all, virtually no finance professional thinks the current, longest bull market on…

World’s Best-Performing Stock Crashes 98% After Index-Inclusion Debacle

Welcome to the not-rigged markets... As of Tuesday's close, with a gain of 3,800% year-to-date, Hong Kong-listed ArtGo Holdings 'was' the world's best-performing stock. So who is this 'amazing' company? ArtGo, which listed in 2013, reported a net loss of about 29 million yuan ($4.1 million) in the first six months of 2019, after losing…

Half The World’s Banks Won’t Survive The Next Crisis, McKinsey Finds 

More than half of the world's banks are at risk of collapse in the next global downturn if they don't start preparing for late-cycle shocks, McKinsey & Company warned in its latest global banking outlook.  The consultancy firm warned on Monday, in a 55-page report titled The last pit stop? Time for bold late-cycle moves, that…
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