General Motors

Tyler Durden's picture

Uber Is Now Valued Higher Than 80% Of The S&P: Closing In On General Motors And Ford





Putting Uber's latest valuation in perspective, according to CapIq there were just 95 companies in the S&P500 with a market cap over $50 billion, suggesting Uber which did not exist when Lehman filed for bankruptcy, now has a market capitalization greater than 80% of the S&P. Specifically, at a $50 billion valuation, Uber is more "valuable" than FedEx, Marck, Deutsche Bank, General Dynamics, Nissan, Time Warner, Yahoo, Credit Suisse, Heineken and many other companies.

 
Tyler Durden's picture

Frontrunning: May 11





  • Full picture of Clinton charities' foreign government funding remains elusive (Reuters)
  • Greece Readies for Another Week of Deadlines (BBG)
  • Greece says deal will be 'difficult' at Eurogroup meeting (Reuters)
  • Saudi Arabia’s Rulers Snub Arab Summit, Clouding U.S. Bid for Iran Deal (WSJ)
  • Saudi Aramco Said to Plan Spending $80 Billion Overseas (BBG)
  • The $900 Billion Influx That’s Wreaking Havoc in U.S. Bills (BBG)
  • Cameron rules out another Scottish independence vote (Reuters)
  • Banks Prep Defense for Anti-Wall Street Campaigns (WSJ)
 
Tyler Durden's picture

98% Of Q1 Consumer Credit Was Used For Student And Car Loans





In a quarter in which US GDP is set to decline consumer credit, according to the latest update from the Federal Reserve, increased by just over $45 billion. But how is it possible that with such a massive expansion in household credit there was no actual benefit to the underlying economy? Simple: 98% of the credit lent out in the first quarter, or $44.3 billion, went to student and car loans!

 
Tyler Durden's picture

Frontrunning: May 1





  • Record month ends in pain as biotech, small-caps, Apple tumble (BBG)
  • Japan inflation rises for first time in nearly a year (WSJ)
  • US Navy starts to accompany ships in strait where Iran seized cargo carrier (WSJ)
  • Russia may be readying for new Ukraine offensive: NATO commander (Reuters)
  • Big banks use loophole to avoid ban (WSJ)
  • China April official PMI shows factories struggling to grow (Reuters)
  • CME suspends traders for alleged Sarao-like manipulation (BBG)
 
Pivotfarm's picture

Stock-Market Crashes Through the Ages – Part III – Early 20th Century





The 20th century could be categorized as THE century when communications took off and we started living in each other’s pockets. Lives had been ruined by war, trouble and strife. Wealth had been redistributed beyond belief.

 
Tyler Durden's picture

Electric Car Sales Plunge To 4 Year Lows





But low oil prices are supposed to be unequivocally good? On the day when Ford lays off 700 Michigan plant workers in small cars and hybrids manufacturing, The Detroit News reports that, according to Edmunds.com, sales of electric cars and hybrids are at the lowest level since 2011. What is even more worrisome, motorists who leased those first-generation cars, and have decided not to buy them, are turning them in, leaving dealer lots full of low mileage cars at huge discounts to new ones. As Edmunds concludes, while "the government's going to keep pushing it, there is time to pause right now."

 
Tyler Durden's picture

Futures Unexpectedly Red Despite Disappointing Economic Data From Around The Globe





Today is shaping up to be a rerun of yesterday where another frenzied Asian session that has seen both the Shanghai Composite and the Nikkei close higher yet again (following the weakest Chinese HSBC mfg PMI in one year which in an upside down world means more easing and thus higher stocks) has for now led to lower US equity futures with the driver, at least in the early session, being a statement by the BOJ's Kuroda that there’s a "possibility" the Bank of Japan’s 2% inflation target will be delayed and may occur in April 2016.

 
Tyler Durden's picture

Frontrunning: April 16





  • Euro zone bond yields sink to historic lows (Reuters)
  • Clinton Foundation to Keep Foreign Donors (WSJ)
  • Russia says U.S. forced it to act on Ukraine (Reuters)
  • Bankers to China's Rescue (BBG)
  • Saudi Arabia Adds Half a Bakken to Global Oil Market in a Month (BBG)
  • Valuations of Hong Kong's stock market operator go interstellar (Reuters)
  • Switzerland Attracts Fewer Firms as Politics Hurt Business Image (BBG)
 
Tyler Durden's picture

Days Of Crony Capitalist Plunder - The Deplorable Truth About GE Capital





GE’s announcement that its getting out of the finance business should be a reminder of how crony capitalism is corrupting and debilitating the American economy. The ostensible reason the company is unceremoniously dumping its 25-year long build-up of the GE Capital mega-bank is that it doesn’t want to be regulated by Washington as a systematically important financial institution under Dodd-Frank. Oh, and that its core industrial businesses have better prospects. We will see soon enough about its oilfield equipment and wind turbine business, or indeed all of its capital goods oriented businesses in a radically deflationary world drowning in excess capacity. But at least you can say good riddance to GE Capital because it was based on a phony business model that was actually a menace to free market capitalism. Its deplorable raid on the public purse during the Lehman crisis had already demonstrated that in spades.

 
Tyler Durden's picture

Frontrunning: April 9





  • Greece pleads cash running out, told to hasten reforms (Reuters)
  • ECB Cash Said Likely to Fall Short of Greek Request This Week (BBG)
  • Chinese Stock Buying Frenzy Sweeps Into Hong  (WSJ)
  • Shell’s $70 Billion BG Deal Meets Shareholder Skepticism (BBG)
  • Yemen's Houthis seize provincial capital despite Saudi-led raids (Reuters)
  • Iran Nuclear Deal Gives Syria’s Bashar al-Assad Reason to Worry (WSJ)
  • Slow apps, low battery life limit appeal of Apple Watch (Reuters)
  • Gilead’s $1,000 Pill Is Hard for States to Swallow (WSJ)
  • The Oil Industry's $26 Billion Life Raft (BBG)
 
Tyler Durden's picture

Frontrunning: April 7





  • Israel, U.S. Lawmakers Press Case Against Iran Nuclear Deal  (WSJ)
  • Rand Paul tries to broaden libertarian appeal (Reuters)
  • Fewer Oil Trains Ply America’s Rails (WSJ)
  • Chicago voters go to polls in first ever mayoral runoff (Reuters)
  • FedEx to buy TNT to expand Europe deliveries (Reuters)
  • Mohamed El-Erian Has Most of His Money in Cash (BBG)
  • In Surprise Move, Australia Holds Rates (WSJ)
  • Oil falls as Iran, China discuss more supply (Reuters)
 
Tyler Durden's picture

Frontrunning: April 1





  • Oil holds around $55 as Iran nuclear talks drag on (Reuters)
  • Bob Diamond’s African Banking Venture Runs Into Problems (WSJ)
  • Iran Nuclear Talks Resume With Lavrov Saying Deal at Hand (BBG)
  • Wal-Mart Ratchets Up Pressure on Suppliers to Cut Prices (WSJ)
  • Renegades of Junk: The Rise and Fall of the Drexel Empire (BBG)
  • Explosion at Yemen factory kills at least 25: residents, medics (Reuters)
  • Macerich Rejects Simon Property’s $16.8 Billion Takeover Bid (WSJ)
  • Reckoning Arrives for Cash-Strapped Oil Firms Amid Bank Squeeze (BBG)
 
Tyler Durden's picture

Frontrunning: March 30





  • Setbacks and progress as Iran, six powers meet to end nuclear impasse (Reuters)
  • Russia’s Foreign Minister Sergei Lavrov to Leave Iran Nuclear Talks (WSJ)
  • Obama Ramps Up Lobbying on Iran as Deadline Looms (WSJ)
  • Greek yields edge up as lenders scrutinise reform pledge (Reuters)
  • Oil prices drop on possible Iran deal, dollar (Reuters)
  • Yemen’s Houthis Battle for Aden as Saudi Strikes Hit Rebels (BBG)
  • Iran nuclear deal to see $20 oil if Tehran floods crude market (Telegraph)
  • China’s Zhou Says PBOC Has Room to Act on Growth Slowdown (BBG)
 
Tyler Durden's picture

Frontrunning: March 27





  • Google's new CFO to make $70 million (WSJ)
  • Senate passes Republican budget with deep safety net cuts (Reuters)
  • With Yemen strikes, Saudis show growing independence from U.S. (Reuters)
  • Banks Slash Dividends as Loans Sour From Beijing To Pearl River (BBG)
  • North American Railroads Caught by Speed of Crude-Oil Collapse (BBG)
  • Japan’s Zero Inflation a Setback for Abenomics (WSJ)
  • Cooperman Says U.S. Seeks Information About Omega Trades (BBG)
 
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