Anonymous ID: 61bcd4 May 7, 2021, 12:51 p.m. No.51613   🗄️.is 🔗kun   >>1614 >>1650 >>1656

Consumer Credit Explodes Higher As Americans Rediscover Their Love For Credit Cards

 

Just yesterday, we showed that only a few quarters after banks effectively shut down, refusing to give out C&I, credit card or auto loans and mortgages to virtually anyone as a result of record Draconian credit standards, credit standards saw a complete U-turn and as of April, lending standards for credit cards and autos were the loosest on record.

 

This was not lost on US consumers who after suffering through a miserable 12 months in which they dutifully repaid their credit card debt like total idiots who acted responsibly (instead of doing what US corporations are doing and loading up on even more debt to ensure they all get bailed out during the next crisis), in March aggregate consumer credit surged by $25.8BN, smashing expectations for the 2nd month in a row (as a reminder February was the biggest beat on record) and barely slowing down from last month's massive $26.1BN increase. And while non-revolving credit - i.e., student and auto loans - continued its relentless ramp higher, increasing by $19.4BN in March, the most since June of 2020...... it was the second consecutive surge in credit card debt in March that made all the difference because after 10 of 11 months of paydowns, revolving (i.e. credit card) debt surged by $8BN in February followed by $6.4BN in March. The combined two month total was the highest since October 2018! This latest shift in spending patterns, means that things are now indeed back to normal, and that with consumers now spending not just using their debit cards (which is where the stimmy checks arrive) but their credit cards, Americans are once again highly confident about the future, and are spending far beyond their means, as they always tend to do.

https://www.zerohedge.com/markets/consumer-credit-explodes-higher-americans-rediscover-their-love-credit-cards

Anonymous ID: 61bcd4 May 7, 2021, 3:49 p.m. No.51629   🗄️.is 🔗kun   >>1650 >>1656

>>51051 pb Amazon, Inc. sold by Chairman/CEO and Pres. Jeff Bezos: $2.48b-May 3,4,5

 

Amazon, Inc sold by Chairman/CEO/Pres-Jeff Bezos: $2.43b-May 5,6

 

$4.91B for the week

 

Bezos Sells $2.4 Billion of Amazon in Second Wave This Week

 

Jeff Bezos sold $2.4 billion of Amazon Inc. stock, bringing the amount he’s unloaded this week to almost $5 billion. Bezos sold 739,032 shares under a pre-arranged trading plan, according to U.S. Securities and Exchange Commission filings, days after he disposed of an identical amount. He said earlier this week in a filing that he plans to sell as many as 2 million shares.

 

The world’s richest person continues to hold more than 10% of Amazon, the primary source of his $192.1 billion fortune, according to the Bloomberg Billionaires Index. In the 15 years after Amazon went public in 1997, Bezos sold about a fifth of the online retailer for roughly $2 billion. The value of his stake has grown to such an extent in recent years that he can now sell relatively small amounts for billions of dollars. Last year he disposed of stock worth more than $10 billion. Amazon rallied 76% last year as the Covid-19 pandemic encouraged people to use online shopping. The stock is up 1.1% this year. The Amazon founder has used equity sales to fund rocket company Blue Origin, while he’s committed $10 billion to the “Bezos Earth Fund” to help counter the effects of climate change. Bezos is also due to take delivery of a superyacht being built in the Netherlands that will be 127 meters (417 feet) long, span several decks and sport three enormous masts.

https://www.bnnbloomberg.ca/bezos-sells-2-4-billion-of-amazon-in-second-wave-this-week-1.1600895

https://finviz.com/insidertrading.ashx?oc=1043298&tc=7

Anonymous ID: 61bcd4 May 7, 2021, 5:37 p.m. No.51649   🗄️.is 🔗kun

Blackrock, Inc sold by Chairman/CEO Larry Fink: $30m-May 6,7

 

BlackRock, Inc. is an American multinational investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with $8.67 trillion in assets under management as of January 2021 BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries. Along with Vanguard and State Street, BlackRock is considered one of the Big Three index fund and passive management firms that dominate corporate America.

https://en.wikipedia.org/wiki/BlackRock

from April 25th, 2020

 

BlackRock Assets Hit Record $9 Trillion as Earnings Surge

https://www.thestreet.com/investing/blackrock-blk-first-quarter-earnings-assets-hit-record

 

from march 24,2020

U.S. Fed hires BlackRock to help execute mortgage-backed securities purchases

https://www.reuters.com/article/us-health-coronavirus-fed-banks-idUSKBN21B3E0

 

from Sept. 2018

How BlackRock Rules the World

https://prospect.org/economy/blackrock-rules-world/

https://finviz.com/insidertrading.ashx?oc=1059245&tc=7&b=2

Anonymous ID: 61bcd4 May 7, 2021, 5:51 p.m. No.51652   🗄️.is 🔗kun   >>1656

Zoom Video Communications, Inc sold by CEO: $57.01m-May 5,6

 

Zoom Video Communications, Inc. specialises in the provision of teleconferencing services. The group provides a remote communication platform combining videoconferencing, voice, audio, screen sharing, chat functionality, etc. on desktop computers as well as telephones and mobile devices. Net sales are distributed geographically as follows: Americas (80.4%), Europe-Middle East-Africa (11.4%) and Asia-Pacific (8.2%). Number of employees : 4 422 people.

https://www.marketscreener.com/quote/stock/ZOOM-VIDEO-COMMUNICATIONS-57086220/company/

 

Eric Yuan is the founder of Zoom, a video communications tool that went public in April 2019.

He was previously a manager of WebEx at Cisco, which acquired the video conferencing company in 2007. Born in China, Yuan move to Silicon Valley in 1997 after eight failed attempts to obtain a visa. At the IPO, Yuan owned 22% of Zoom, which was valued at just over $9 billion before trading began.

https://www.forbes.com/profile/eric-yuan/

https://finviz.com/insidertrading.ashx?oc=1773298&tc=7&b=2

Anonymous ID: 61bcd4 May 7, 2021, 6:17 p.m. No.51655   🗄️.is 🔗kun

Ecuador AF Air Force one with out-going President Moreno-Dassault Falcon 7X departed Miami Int'l Airport south after arriving on 0505

 

President of Ecuador denounces “rude” interference of Maduro in Colombia

The president of Ecuador, Lenín Moreno, denounced in Miami that his Venezuelan counterpart, Nicolás Maduro, has "grossly" interfered in the protests being held in Colombia against the government of Iván Duque to "destabilize" the country. Moreno, the keynote speaker at the forum "Defense of Democracy in the Americas", said in an interview to the Nuevo Herald newspaper that "there is certain evidence" of such interference in the demonstrations that began last April 28 and have left at least 11 dead. He pointed out that Venezuela is intervening in Colombia to destabilize the Government.

https://riotimesonline.com/brazil-news/mercosur/ecuador/president-of-ecuador-denounces-rude-interference-of-maduro-in-colombia/