Independent thinking for complex markets and current events
High tech modular homes designed to be able to connect other modular rooms and sections to it. In part with the idea of being able to continuously build and connect new sections to the colonization of space. https://www.boxabl.com/order
In a quarter marked by challenges, Apple’s latest financial report unveils a surprising resilience, defying expectations and igniting investor enthusiasm. Despite a turbulent market and fierce competition, the tech giant showcases strength in key sectors, signaling enduring potential amidst adversity. Key points: Apple’s second-quarter results surpassed expectations, with sales declining less than anticipated and profits …
Overnight, Bitcoins got spanked. In the lower pane we see that Bitcoin became overbought at +20% above the 50 dma. Each time that has happened, it pulled back below the 50 dma, on average -10%. Which implies a -30% decline at minimum. pic.twitter.com/xNRCilkele — Mac10 (@SuburbanDrone) December 11, 2023
This year, we have seen 250,000 layoffs in tech. Between 2022 and 2023, ~415,000 tech layoffs occurred. However, the layoffs were vastly limited to tech over the last couple of years. It may now be spreading. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) November 17, 2023 Mortgages …
The Red Cross estimates that around 10,000 people are missing after the severe storm and devastating floods in civil war-torn Libya. The number of deaths is also high: According to authorities, more than 1,000 victims have been rescued in the massively affected city of Derna alone. “The situation is very catastrophic. There are bodies everywhere – in …
25 countries, 250 aircraft and 10,000 soldiers will take part in the exercise, which has as its object the immediate response of the Alliance in the event of a crisis and the activation of Article 5 for a collective response in the event of an attack against allied territory. The exercise that will end in …