It is the 27th of April 2017

News

"I'm Unemployed": Scaramucci Finds Himself In Post-Trump Limbo

It started off so promising for Anthony Scaramucci: a prominent supporter of Donald Trump, even when nobody else believed in last November's shocking outcome, the former SkyBridge president was considered a shoo-in to a high profile position in the new White House, which prompted him to conduct an accelerated, and according to some questionable, sale of his SkyBridge Capital fund of funds to Chinese billionaire investor Chen Feng, which netted the Mooch over $100 million.

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"Out Of Cash" - More Than 90% Of India ATMs Run Dry

Five months have passed since the demonetisation drive, but the people of India continue to face a shortage of cash in banks and ATMs. The Times of India reports that more than 90% of the ATMs in the northern region do not have cash, and in the southern states as many as 65% of ATMs have run dry.

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London Housing Market Suffers Worst Collapse Since Financial Crisis

At the end of 2016 we reported that the formerly invincible London home market had suffered its biggest crack in years, when home prices plunged the most in six years according to Rightmove. Asking prices in London dropped 4.3% in December with inner London down 6%.  Meanwhile, the most exclusive neighborhoods, like Kensington and Chelsea, recorded even sharper declines at nearly 10% as home buyers migrated to cheaper areas of the city.

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"This Is A Cash-Burning Machine" - Uber Opens Up Its Books, Shows Staggering Losses

Amid a sudden and seemingly endless stream of public relations disasters (senior execs leaving, sexual harrassment scandals, uncomfortable video clips, self-driving car fiascos, secret software programs, and mishandled DUIs), Uber opened up its books to Bloomberg, prompting one analyst to exclaim "this is a cash-burniung machine."

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