A hub for independent voices and hard truths
If the university didn’t see the ponzi ending, what business do they have teaching? Surely they could’ve see the excesses when the money was rolling in. — Brian Matthews (@resaleTOhomes) November 30, 2024 2/ Factors fueling the crisis: Domestic tuition freezesCapped international enrolmentRising costs and stagnant government funding. — Shazi …
This interview is so disturbing on so many levels. When Sam Bankman-Fried was interviewed on Bloomberg, at least Matt Levine was intelligent enough to call it out and say “it sounds like you are telling us you are in the ponzi busines, and business is good.” Sorkin swallows Saylor’s completely …
WARNING: Small business earnings are contracting sharply This is typically seen heading into economic downturns pic.twitter.com/pxrdn3cxzP — Bravos Research (@bravosresearch) November 20, 2024 Small business earnings are sharply contracting, a clear warning sign of an impending economic downturn. The NFIB Small Business Optimism Index has remained below its 50-year average …
I'm starting a new business and we're only going to buy Bitcoins. We'll be massively leveraged to a worthless asset. And number one in Nasdaq dollar volume. Day after day. pic.twitter.com/QuE3QveoGA — Mac10 (@SuburbanDrone) November 20, 2024 Marketplace BAFFLED by @saylor 👑 $MSTR now borrowing to buy #Bitcoin at 0% …
Carr's letter focused on @NewsGuardRating, so the company's response is worth reading – it says "every statement in the letter about NewsGuard is false, citing unreliable sources" pic.twitter.com/cd9lc4bFAU — Brian Stelter (@brianstelter) November 18, 2024 You can’t make it up. NewsGuard says it provides apolitical guidance on "misinformation.” Yet one …
RFK Jr. leads by example and only eats good healthy food, never processed junk food. Then sits down to dinner with a Big Mac, fries and Coke. Last night: Picture from Trump Force One after UFC 309 pic.twitter.com/BnfU51ReAZ — Visegrád 24 (@visegrad24) November 17, 2024 AC
Nov 14 (Reuters) – The U.S. Federal Trade Commission is preparing to launch an investigation into anti-competitive practices at Microsoft’s (MSFT.O), opens new tab cloud computing business, sources familiar with the matter told Reuters on Thursday. The agency is examining allegations that the software giant is potentially abusing its market …
In October 2024, small business uncertainty skyrocketed to an all-time high. The National Federation of Independent Business (NFIB) reported that its Uncertainty Index hit a staggering 110, the highest it has ever been. This jump in concern stemmed from the upcoming U.S. presidential election, with many small business owners fearing …
Job cuts accelerate in October with strikes, mass furloughs, layoffs, & small business closures at elevated levels. Over 109,000 cuts per our preliminary figure. Final figure available on Sunday, as always. #MacroEdge #DrivenbyData pic.twitter.com/9cPnR1qDr9 — MacroEdge (@MacroEdgeRes) October 31, 2024 *US BLS: OCT. TRANSPORT EQUIP. JOBS FALL 44K, REFLECTING STRIKE …
Compared to last times negative 99.5% Ford Crushed After EV and Warranty Costs Hit Earnings https://t.co/IMFu4G4HiA — Nobody Special (@JG_Nuke) October 29, 2024 h/t neyo7081
“ELON: MANY BUSINESS LEADERS SUPPORT TRUMP BUT ARE AFRAID TO BE PUBLIC “I’ve talked to a lot of people, leaders in business and technology, because I was like, guys, you really need to go out there and fight hard because if America falls, your company’s going to fall with it. …
by confoundedinterest17 Communications breakdown! As Harris wordsalads her vision of the economy saying small businesses are the backbone of the US economy, but small businesses aren’t feeling it. Small business optimism remains below 100 at 91.5. Perhaps the themesong of Harris/Walz should be “economy breaker.” Or former San Francisco Mayor Willie Brown’s …
The energy unit of Warren Buffett’s Berkshire Hathaway, the second largest US clean power owner, will pay about $3.9bn for the minority 8% stake held by the family of a late board member. In a regulatory filing Tuesday, Berkshire Hathaway Energy (BHE) said it is buying more than 4.4 million …
After the bombshell indictment of Eric Adams by a federal grand jury, New York City’s powerful business community is scrambling to figure out how to deal with the real possibility of a socialist taking over City Hall. Business titans are said to be terrified at the prospect of Jumaane Williams, …
September @KansasCityFed Manufacturing Index down to -8 vs. -5 est. & -3 prior … new orders slipped to -14 (-12 prior); workweek declined to -15 (-10 prior); production fell to -18 (+6 prior) … employment fell to -11 (-7 prior), taking out improvement in August pic.twitter.com/x0q2QUV1Y3 — Liz Ann Sonders …
An India-based hotel operator is to purchase America’s most popular motel chain in a $525 million all-cash deal. The deal will see budget motel chain Motel 6 being acquired by the parent company of Oyo, a hotel operator based in India. The New York-based investment firm Blackstone, which owns Motel …
FedEx CEO says “The magnitude of the Fed rate cuts . . . signals the weakness of the current environment,” as priority shipments between businesses, a bell-weather of the economy, dropped FedEx reported a steep quarterly profit drop and lowered its full-year revenue forecast on Thursday after its customers continued …
Despicable. The people who are meant to represent their citizens despise them. — Cash Loren (@Cashloren) September 18, 2024 This incident involved Springfield, Ohio City Council Member Krystal Brown. During a council meeting, she was caught on a hot mic saying, “literally I really don’t give a sh*t about the …
by Mike Maharrey Russian businesses are using gold to pay Chinese suppliers as a way to skirt economic sanctions. According to the Russian website Russia’s Pivot to Asia, Russian businesses are buying physical gold in Russia and then transporting it to Hong Kong via courier. There, the gold is sold, and …
…In total, Goldman Sachs has lost a staggering $6 billion pre-tax since the beginning of 2020 “on a big chunk of its consumer-lending businesses, including its credit cards”, a sad confirmation of our 2018 warning. Several factors contribute to Goldman’s massive losses associated with Apple Card, including lax underwriting standards and …
Source with further context I was curious if the same thing happened in the US, I looked up the data and here’s what I found: Since 2012 US business starts have jumped dramatically and it has remained pretty consistent, it’s below its COVID highs but still substantially above the 2012 …
Swift is a billion dollar brand. Why risk alienating 50% of your fans? I’ll never understand why these celebrities take any side in politics. It’s just bad for business. https://t.co/yx0QnPTe2Y — QE Infinity (@StealthQE4) September 11, 2024
A Texas hotel may be shut down after 693 police calls were made in just two years at the property for suspected illegal and gang-related activity, according to legal documents. The Gateway Hotel has received a temporary and permanent injunction from the El Paso County Attorney’s Office to cease operations …
Citi: pic.twitter.com/qRIJKv8LZt — The Coastal Journal (@1CoastalJournal) September 9, 2024 Goldman Sachs to post $400 million hit to third-quarter results as it unwinds consumer business Goldman Sachs will post a roughly $400 million pretax hit to third-quarter results as the bank continues to unwind its ill-fated consumer business. CEO David …
Vice President Kamala Harris is planning to unveil a new proposal to provide small businesses a $50,000 tax deduction for startup expenses. The policy would be a tenfold expansion of the current $5,000 startup tax deduction. Donald Trump has attacked Harris’ economic policy record and attempted to pitch himself as …
Texas is now the national leader in business finance. Welcome to Y’all Street. pic.twitter.com/LpbWaPg3yX — Greg Abbott (@GregAbbott_TX) August 18, 2024
THE MORE MONEY YOU SPEND ON HOMELESSNESS, THE MORE OF IT YOU BUY: “That’s the equivalent of spending… $1,137,256 per person to exit homelessness.” Despite spending over $1.1 million for each of the only 126 people who transitioned out of homelessness, Washington Democrat Governor Jay Inslee claimed that his initiative for removing encampments …
It’s amazing that you can have businesses that have been around for a well over 130 years and even survived the great depression but the economy today is so bad that, only now today they are going out of business. In many ways, this is the worst economy that we …
by Mike Shedlock ADP data shows year-over-year payroll growth is negative 88,000 for small corporations sized 20-49. Trends are negative in all but very large corporations. Data from ADP, chart by Mish I created some new charts today from a download of the ADP National Employment Report for July. Year-Over-Year Payroll Growth …