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To stop more insurance companies from ditching California, the state’s insurance commissioner has approved plans for firms to use “climate change” as an excuse to gin up rates. California will let insurance companies consider climate change when setting their prices, the …
Bankruptcy filings have recently reached levels on par with the 2008 Great Recession and the 2020 COVID-19 pandemic. https://apolloacademy.com/bankruptcies-rising/ His source appears to be this and it only refers to companies with over $50 million in liabilities. So the y-axis …
Criticize the drug companies, question the war in Ukraine, and you can be pretty sure this is going to happen. https://t.co/3T7GjBddA5 — Tucker Carlson (@TuckerCarlson) September 16, 2023 JUST IN: Tucker Carlson has amassed over 367 MILLION views on his …
by Dismal-Jellyfish https://www.bls.gov/news.release/pdf/ppi.pdf https://data.bls.gov/timeseries/WPSFD4&output_view=pct_1mth The Acceleration of Inflation in the Second Half Has Begun, “Disinflation” Honeymoon Terminated The Consumer Price Index (CPI) jumped by 0.63% in August from July, the biggest month-to-month increase since June 2022. Annualized, this amounts to a …
BIG MONEY: CEO Gets $379 Million For Money-Losing EV Company. “Keep in mind that Lucid lost over $2 billion over the last year. Now, startups can take a while before they turn profitable, but paying the CEO of an unprofitable company hundreds …
by Dismal-Jellyfish https://www.federalreserve.gov/releases/g20/current/g20.pdf In June 2023, the total outstanding amount owed was approximately $1,850.9 billion dollars–up 14.7% from May! In the first quarter, the interest rate for new car loans was 6.4% with a maturity of 66 months financing $39,066. For …
The HHS is recommending cannabis to be moved from Schedule 1 to Schedule III. This will remove the 280E tax burden on the US marijuana companies and allow for up-listing to the NYSE and NASDAQ. https://www.bloomberg.com/news/articles/2023-08-30/hhs-calls-for-moving-marijuana-to-lower-risk-us-drug-category?leadSource=reddit_wall https://www.marijuanamoment.net/top-federal-health-agency-says-marijuana-should-be-moved-to-schedule-iii-in-historic-recommendation-to-dea/ Important to …
by Guysmarket This is coming from Tyson’s most recent earnings a little over a week ago Loss on chicken and pork: Notice that sales have not changed a whole lot: Right away, when I see something like this, I think …
by DesmondMilesDant I know Q1 = -0.4%, Q2 = -0.3%. But they have literally changed the definition of recession. We need three consecutive -ve prints. Not 2.
by 100_PERCENT_BRKB Link: https://fintel.io/i13f/swiss-national-bank/2023-06-30-0
Industrial US companies are seeing their businesses in China slow down considerably. DuPont, Dow and Caterpillar have cut their sales outlook for the country into this year. https://t.co/LJ0ARJ9jMW Tesla cut prices in China again. https://t.co/tuTnwNZFSO — Lisa Abramowicz (@lisaabramowicz1) August …
China’s top tech companies, including Alibaba, Baidu, ByteDance, and Tencent, have placed orders worth $5 billion for Nvidia chips to make generative AI systems. The orders include $1 billion for 100,000 A800 processors to be delivered this year, as well …
California couple loses homeowners’ insurance after draining their swimming pool to save water SAN RAFAEL, Calif. — It’s becoming harder and harder to get a homeowner insurance policy in California. State Farm and Allstate stopped writing new policies, citing wildfire …
The bond credit ratings companies are always slow to adjust. There will be many more bank failures in the next 24-36 months. Probably every regional bank with exposure to commercial real estate should be downgraded at this point. 🔊 https://t.co/96qIsxGVGN …
https://twitter.com/1200616796295847936/status/1688984353186201600 h/t M_i_c_K
by Martin Armstrong The Financial Times estimates that European companies have lost at least €100 billion ($110 billion) since the Russia-Ukraine war began. Around 176 European companies noted significant losses in their fiscal year reports for 2022, and the future remains grim …
Huge wage demands from unions and other effects from Fed policy are tipping more companies into bankruptcy. 🔊 https://t.co/FO00X6uKi0 — Wall Street Mav (@WallStreetMav) August 8, 2023 #Bonds are starting to look bad… US Treasury term premia (black) are breaking …
In the first half of 2023, 340 U.S. firms filed for bankruptcy, setting a new 13-year high, per CNBC: pic.twitter.com/O0LPgwa4VP — unusual_whales (@unusual_whales) July 29, 2023
Without ZIRP, how are many large public companies going make those interest payments?https://t.co/pfCc29lVwD — Eventually Consistent Capital (@EventuallyCC) July 26, 2023 Everything is fine. 🔥🔥🔥Not a recession. Just one of the largest trucking companies in the USA filing for bankruptcy. …
Guest Post by Robert Epstein via gatestoneinstitute.org Big Tech companies are deliberately manipulating the outcomes of our elections and the thinking and beliefs of our children. And they are having an enormous impact. Consider this: The GOP currently has a …
DEI is systemic racism in its purest form and big companies are finally getting rid of it Netflix, Disney and WB have recently fired DEI execs and headhunters say demand for these senior roles is lowest in 30 years Here’s …
WASHINGTON (AP) — Oil and gas companies would have to pay more to drill on public lands and satisfy stronger requirements to clean up old or abandoned wells under a new rule announced Thursday by the Biden administration. A rule …
via breitbart: The Biden family opened more than 20 shell companies to hide payments and launder money, House Oversight Committee Chair James Comer (R-KY) said Sunday. After reviewing Suspicious Activity Reports (SARs) at the Treasury and subpoenaing banks and individuals, …
by Michael If you want to believe that propaganda that is coming from the Biden administration, you probably won’t want to read this article. Joe Biden insists that “Bidenomics” is working and that a wonderful new era of peace and …
So far, 2023 was not very nice to cable TV companies. They lost a total of 1,820,943 subscribers in just the first 91 days of 2023. That works out to be over 20,000 subscribers every day. This comes from the …
The Federal Reserve has announced that 57 companies have completed the formal testing and certification process for FedNow, clearing them to begin using the new instant payment system once it launches later in July. https://www.kitco.com/news/2023-07-03/Federal-Reserve-reveals-the-57-companies-cleared-to-use-FedNow.html full list of participants https://www.frbservices.org/financial-services/fednow/organizations-certified …
MODERN PROBLEMS: Junk websites filled with AI-generated text are pulling in money from programmatic ads. Over 140 major brands are paying for ads that end up on unreliable AI-written sites, likely without their knowledge. Ninety percent of the ads from major …
via wired: YOUR CAR KNOWS a lot about you. Over the past decade, vehicles have become increasingly connected and their ability to record data about us has shot up. Cars can track where you’re traveling to and from, record every press …
00:00 – Introduction and show’s overview discussed. 00:27 – Record average credit card interest rates outlined. 01:26 – Central Bank’s reaction to rising credit card rates explained. 02:23 – Further increase in credit card interest rates reported. 03:20 – Shift …