Independent thinking for complex markets and current events
On Tuesday, Amazon confirmed plans to cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence. It’s the first wave in a mass layoff that’s expected to slash 30,000 Amazon positions, or 10 percent of the corporate staff. ‘Some may ask why we’re reducing roles when the company is …
Here is the list of subprime lenders and related firms that have recently collapsed or filed for bankruptcy: Tricolor – Subprime auto lender and used car retailer; filed for Chapter 7 bankruptcy in September 2025 amid fraud allegations and triggered major losses for Barclays First Brands – Auto parts supplier with deep ties to subprime …
Critics are questioning the Trump administration’s decision to continue construction on a $250 million White House ballroom. It comes as hundreds of thousands of federal workers prepare for the possibility of missing another paycheck.
On today’s episode of CNBC Crypto World, SharpLink Gaming plans to tokenize its equity on Ethereum amid the growing stock tokenization boom. Plus, a consortium of European banks plan to launch a new stablecoin. And, Nilmini Rubin, chief policy offIcer at Hedera, discusses the importance of a new task force between the United Kingdom and …
Insiders get all the information first and it sucks. https://www.telegraph.co.uk/business/2025/09/14/trump-starmer-sign-quantum-computing-pact-china-spying-fear/ US defence chiefs have recently toured British quantum labs as they aim to work with British scientists to crack the technology. Jensen Huang, the chief executive of US tech giant Nvidia, who is set to accompany Mr Trump on his three-day visit, is also due …
Residents were seen moving along a seaside road connecting southern Gaza on Monday as Israel warns residents to evacuate Gaza City. In recent days, Israel has expanded its operation and intensified strikes across Gaza City.
The FBI said it has recovered what is believed to be the weapon used in the fatal shooting of Charlie Kirk, the founder of the conservative youth activist organization Turning Point USA, during an event at Utah Valley University on Wednesday. A “high-powered bolt action rifle,” which officials believe was the weapon used in the …
The global food system is fraying at every seam. August 2025 did not deliver a seasonal blip or a temporary disruption. It revealed a continental-scale unraveling of protein supply, visible to anyone paying attention. Meat prices have surged another 10 percent this year, sending the FAO’s meat price index to an all-time high https://guyanachronicle.com/2025/09/06/fao-food-price-index-virtually-unchanged-in-august. The …
Good Morning from Germany, where Chancellor Friedrich Merz is looking for excuses after a rough start on economic policy.“This task is bigger than some may have imagined a year ago – and I say that self-critically,” Merz admitted in a speech on Saturday in Osnabrück. “We’re not… pic.twitter.com/Q3BcYBvYUC — Holger Zschaepitz (@Schuldensuehner) August 24, 2025 …
“I was just thinking today.. whether I should put everything in gold and silver,” says Dr. Marc Faber, editor of the Gloom, Boom & Doom Report. In today’s interview, Faber argues liquidity is flooding the system, fueling speculation in everything from stocks to crypto while crushing the middle class with soaring living costs. “Throughout 5,000 …
More than 630,000 graduates are claiming benefits amid fears over the rise of ‘Mickey Mouse’ degrees, official figures have revealed. According to the first data of its kind released to Parliament, a total of 639,000 people with an honours degree or similar level qualification are claiming Universal Credit. This means that more than one in …
A source “very familiar with the Bidens” tells @MarkHalperin that “Biden Inc.,” the family business that generated millions of dollars in revenue to support their lifestyle, has dried up. “The trough is empty, the spigot is turned off,” says Mark. “Biden Inc. needs a source of… pic.twitter.com/T1CVgO7p4Z — 2WAY (@2waytvapp) May 8, 2025
The declining pay is an indication of the financial struggles the Minneapolis-based retailer has endured in recent years, as performance-based equity awards provided a declining share of his overall compensation. Total compensation for the year ended Jan. 31: $9,858,980 Salary: $1,400,000 Bonus: $785,400 Non-equity incentive pay: $1,538,320 Other compensation: $596,391 https://www.startribune.com/target-ceo-brian-cornell-executive-pay-compensation-down/601342128 Why are people boycotting Target? Here’s what to know …
Logitech International manufactures most of its products outside the U.S., one of its largest markets, and plans to reduce reliance on China by shifting production to other countries. The company aims to cut the share of China-made goods shipped to the U.S. from 40% to just 10%. Logitech has been diversifying production since 2018, with …
BRUSSELS — Countries are ready to work with reliable trade partners in Europe after United States President Donald Trump’s blanket trade tariffs upended global markets, European Commission President Ursula von der Leyen told POLITICO. “In a more and more unpredictable global environment, countries are lining up to work with us,” the Commission president said without …
The warmongers will never stop. This is why we need term limits. The same neocon criminals have been in power for an eternity. They never leave power. — Wall Street Apes (@WallStreetApes) April 7, 2025
Tech mogul Elon Musk, who has served as a close advisor to President Donald Trump, on Saturday broke with the president’s decision to impose expansive tariffs on most foreign nations, saying that he hopes to see a “zero tariff situation” between the United States and Europe. “I hope it is agreed that both Europe and …
Gold now getting murdered along with everything else as the world faces a global margin call. Futures worsening. It’s going to be a long day. Chaos 💀 pic.twitter.com/l6x2vnDAYD — QE Infinity (@StealthQE4) April 3, 2025 The market's drop in response to tariffs is massive, and it will take time to emerge from this chaos. A …
Another corruption scandal in the European Parliament—just another day in politics. Will this be another #Qatargate (a socialist job by the @TheProgressives!!), brushed aside to protect the elites, or will someone finally be held accountable?#Huaweihttps://t.co/n1uAjjows0 pic.twitter.com/XxVSoI5pTS — Rob Roos 🇳🇱 (@Rob_Roos) March 13, 2025 The European Parliament has, once again, found itself at the heart …
US President Donald Trump has invoked emergency powers to expand domestic production of critical minerals as he tries to reduce US reliance on imports from countries like China. The executive order, which uses cold war era legislation, instructs government agencies, including the defence department, to prioritise mining projects as well as providing technical and financial …
Amtrak CEO Stephen Gardner said Wednesday he would resign from his post in an effort to resolve concerns from the Trump administration. “I am stepping down as CEO to ensure that Amtrak continues to enjoy the full faith and confidence of this administration,” Gardner said, reflecting on his start with the company as an intern. …
ortugal’s minority government lost a confidence vote in parliament Tuesday, forcing its resignation and bringing the European Union country’s third general election in three years. The government’s fall marks the worst spell of political instability since Portugal adopted a democratic system more than 50 years ago in the wake of the 1974 Carnation Revolution, which …
It’s the end of an era.
WASHINGTON (AP) — Trump says he’s lifting tariffs on most goods from Mexico for 4 weeks amid economic fears from trade war. https://finance.yahoo.com/news/trump-says-hes-lifting-tariffs-163610783.html https://finance.yahoo.com/news/trump-likely-defer-tariffs-usmca-153549096.html Update: Tariffs against Canada are also paused https://finance.yahoo.com/news/trump-likely-defer-tariffs-usmca-153549096.html h/t Patrick_Liu
Some federal employees who have been laid off were reportedly given only 30 minutes to pack their belongings and vacate federal offices. Federal agencies were ordered by Donald Trump to fire mostly probationary staff, with as many as 200,000 workers set to be affected and some made to rush off the premises, the Washington Post …
by confoundedinterest17 Biden is out and so are the crazy job preferences of his administration (e.g., green energy). There is a new sheriff in town (Donald Trump). Here’s what the BLS reported in Trump’s first official jobs report since he returned to the White House: total payrolls printed at 143K. down sharply from an upward revised …
U.S. citizens have been advised to carry identification, such as birth certificates or state-issued IDs, amid Immigration and Customs Enforcement (ICE) raids under the Trump administration’s immigration crackdown. Reports indicate that some U.S. citizens, including Native Americans and even a military veteran, were detained during these raids, raising concerns about mistaken detentions. For example: – …
As the Biden administration gears up for the confirmation hearings of Robert F. Kennedy Jr. for the role of Health and Human Services (HHS) Secretary, a surprising development has occurred within the Senate. Despite considerable backlash from many in the Democratic Party due to Kennedy’s controversial views on vaccinations, a few Senate Democrats are reportedly …
