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The Omaha-based conglomerate’s operating earnings totaled $10.043 billion last quarter, 6.6% higher than the figure from the same quarter a year ago. Net income totaled $35.91 billion, compared with a $43.62 billion loss during the second quarter last year. Berkshire’s …
https://archive.ph/BIDql#selection-5157.0-5165.245 Article: The biggest US lenders expect to pay almost $8.9 billion to help replenish the US government’s bedrock Deposit Insurance Fund after it was tapped to backstop uninsured depositors at Silicon Valley Bank and Signature Bank. Citigroup Inc. expects to contribute …
Apple has lost its title as the world’s only company with a market valuation of $3 trillion, after the company warned it was headed for a fourth straight quarter of declining sales. Shares of Apple closed down 4.8 percent at …
by confoundedinterest17 Bidenomics, the term for “Government Gone Wild! in terms of spending and EPA regulations, is a disaster for the US middle class and low wage workers. Even the 1% are now hurting if bought into Biden’s green lunacy. …
via dnyuz: Well, that didn’t take long. Like Threads before it, the network effect is at work for Apple’s new Savings account! Tech. Entertainment. Science. Your inbox. Sign up for the most interesting tech & entertainment news out there. Email: …
by Dismal-Jellyfish Source: https://www.evestment.com/news/hedge-fund-industry-asset-flow-report-june-2023/ Highlights: June 2023 witnessed the 13th straight month of net outflows in the hedge fund industry. June’s redemptions were lighter compared to previous years, with an estimated net $13.12 billion taken out, though it still resulted …
Hungarian Foreign Minister Says EU Expects To Fund War In Ukraine For Another Four Years …at a cost of €5 billion a year. ❗️FM Szijjártó: The European Union thinks that there will be war in Ukraine for another four years. …
via thepostmillennial: According to an analysis of data from the Internal Revenue Service by The Oregonian from income tax returns filed in 2020 and 2021, Multnomah County lost a net 14,257 tax filers and their dependents, many of whom were …
by Dismal-Jellyfish Source: https://home.treasury.gov/news/press-releases/jy1662 The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing[1]for the July – September 2023 and October – December 2023 quarters. During the July – September 2023 quarter, Treasury expects to …
Ford Motor Company announced it is projected to lose a whopping $4.5 billion from electric vehicles (EVs) this year, up from the previous projected loss of $3 billion. The company released its second-quarter financial results on Thursday. The U.S.-based automaker’s …
by Simon Black The Federal Reserve– the most critically important central bank in the world– is completely, hopelessly insolvent. This isn’t some wild conspiracy theory or overly dramatic interpretation of the facts; we’re extremely data-focused in this organization and base …
“Meta said in its earnings report that it expects operating losses in its Reality Labs unit ‘to increase meaningfully year-over-year due to our ongoing product development efforts in augmented reality/virtual reality and investments to further scale our ecosystem.’” https://www.cnbc.com/2023/07/26/metas-reality-labs-has-now-lost-more-than-21-billion.html
Regulators just unveiled new proposed regulations for banks with more than $100 billion in assets Big banks would need to maintain more capital to protect against losses in lending, trading, and derivatives. Do you think big banks need to be …
Senator @RandPaul Accuses the Government of Fraud in $113 Billion Sent to Ukraine “It is impossible to send this much aid this fast into wartorn Ukraine without waste, fraud, and abuse,” asserted Senator Paul. “Yet we are told by departmental …
The Biden administration announced Tuesday it is sending up to $400 million in additional military aid to Ukraine, taking the total U.S. contribution since the conflict began last year past $43 billion. AP reports a variety of munitions for advanced …
by Dismal-Jellyfish I would like to review a few items this morning: Commercial deposit withdrawals Bank Term Funding Program (BTFP) making up for gaps Todays notice from FDIC banks aren’t correctly reporting the amount of deposits they have that aren’t …
Perhaps the single biggest legislative fight this year has been over federal spending. There’s a good reason for that: The national debt is now an eye-popping $32.5 trillion (roughly $250,000 per household), and out-of-control deficit spending is one of the …
by confoundedinterest17 Thanks to The Federal Reserve, office property values have gone crazy despite rising vacancy rates. US office space vacancies (white line) have soared since 2008 as The Fed’s massive monetary expansion (blue and green line) has not helped. But …
Indian authorities to Pfizer… “You can either lose 1.38 billion customers or allow an *independent investigation* to determine whether your product is safe and effective”… Pfizer… “We would rather give up 1.8 billion customers”… pic.twitter.com/oNW4dVBFFW — Pelham (@Resist_05) July 21, …
SCAM ALERT!! What a TOTAL friggin Scam! Never playing THAT again! Last Billion Dollar winner ALSO from California? And there was an “issue” with naming the winner that time? Hmmm. I smell BS https://www.cnbc.com/2022/11/08/powerball-results-record-1point9-billion-jackpot-drawing-delay.html Guess what Shithole State collects all …
“A winning ticket has been sold in California for the Powerball jackpot worth an estimated $1.08 billion,… The winning numbers for Wednesday night’s drawing were: white balls 7, 10, 11, 13, 24 and red Powerball 24. The California Lottery said …
(The National Pulse) The European Union (EU) is preparing to dedicate up to €20 billion ($22.4 billion) over the next four years to ensure Ukraine’s military remains stocked amid growing concerns from Western nations, including the United States and the …
via YAHOO: A partner at Cleary Gottlieb, a top law firm for corporate bankruptcies, he’s advised businesses worldwide for decades on what to do when they’re drowning in debt. He did it through the global financial crisis, the oil bust …
Here's the US deficit by month for both FY 2022 and FY 2023 YTD. In March, when the regional banking crisis began, the US added a whopping $378 billion to the deficit. September 2022 added $430 billion. Follow us @KobeissiLetter …
The U.S. Congressional Budget Office released a report earlier this year projecting the national debt will be nearly twice as large as the U.S. economy in 30 years. Budget groups continue to release dire forecasts for the explosive growth of …
Billionaires and corporate execs have dumped $9 billion worth of stock this year amid the market’s latest rally So looks like we are back here again. Repeat of end of 2021. When CEOs dump massively, we should be asking why. …
https://twitter.com/JoleneBlahahaha/status/1680677891023990785 https://twitter.com/BernieSpofforth/status/1680892369300865025
by Michael Global food supplies just keep getting even tighter, and global hunger has risen to extremely alarming levels. People on the other side of the world are literally starving to death as I write this article, but most of …
JPMorgan Chase reported second-quarter earnings Friday that topped analysts’ expectations as the company benefited from higher interest rates and growing interest income. Earnings: $4.37 per share adjusted vs. $4 per share Refinitiv estimate Revenue: $42.4 billion vs. $38.96 billion estimate …
