Independent thinking for complex markets and current events
It’s official: Disney shareholders shot down activist investor Nelson Peltz’s effort to win seats on the Mouse House’s board of directors. Investors voted to reelect all 12 of the company-backed board members, including CEO Bob Iger, ending the most expensive corporate proxy fight in history. The voting results for Disney board candidates were announced Wednesday …
The House Judiciary Committee is investigating whether major advertisers ran afoul of antitrust laws by coordinating about which news outlets to blackball. The committee, chaired by Rep. Jim Jordan (R-OH), obtained documents from the World Federation of Advertisers that show how it implemented a strategy to prevent major advertisers from doing business with disfavored news …
Canada Goose is shrinking its white collar headcount. The high-end outerwear company on Tuesday revealed that about 17% of its corporate workers would lose their jobs in the cuts. It amounts to approximately 915 jobs. The layoffs coincided with Canada Goose restructuring aspects of its management team. That included giving additional responsibilities to Chief Transformation …
Spain: Judge orders Telegram to be blocked nationwide Media companies claim Telegram is allowing users to upload their content without permission. A Spanish court has now ordered for the platform to be suspended as a "precautionary measure." The use of the messaging application… pic.twitter.com/YLIfObWxCI — Jim Ferguson (@JimFergusonUK) March 25, 2024 This move by the …
Corporate bonds outstanding >$10T. Primary dealer inventory $33B -not a liquid market. When credit markets quiet & calm, it gives impression liquidity's fine, but if many want to sell, liquidity disappears. Even in quiet markets, finding a bond can take several days @apolloglobal pic.twitter.com/6tx1U6jNH6 — Danielle DiMartino Booth (@DiMartinoBooth) March 24, 2024 Up and to …
During a recent campaign appearance, Donald Trump said that if he wins in 2024 he will impose a 100% tax on vehicles manufactured in Mexico but that if he fails to defeat Joe Biden, there will be a “bloodbath.” Liberal heads instantly exploded over Trump’s obvious call for political violence, or so they claimed.
The viewership at corporate media: It's a bloodbath 🔥 pic.twitter.com/U8ZlyXpgKQ — Wall Street Mav (@WallStreetMav) March 20, 2024 Trust in media is so low that half of Americans now believe that news organizations deliberately mislead them BYDAVID BAUDER AND THE ASSOCIATED PRESS February 15, 2023 at 2:13 PM EST Half of Americans in a recent …
This trend raises alarm about the broader risks from interlinked dependencies. LONDON, March 14 (Reuters) – Europe’s private credit funds are increasingly borrowing from banks to boost their performance, fuelling concerns about the wider risks posed by this interconnectedness. A record 80% of new European private credit funds borrowed from banks via ‘subscription lines’ in …
Global Corporate Defaults hit highest level since the Global Financial Crisis pic.twitter.com/A676mRcBI7 — Win Smart, CFA (@WinfieldSmart) March 14, 2024 Meanwhile in US: WARNING: Credit card default rate for small lenders have just hit a new record of 7.8% These levels have never been seen since 1991 pic.twitter.com/DrCN9MF0bv — Bravos Research (@bravosresearch) March 14, 2024
In a surprising turn of events, seven corporate executives are offloading their shares at an unprecedented pace, reminiscent of the sell-off trend witnessed in 2021. Jamie Dimon, the head of JPMorgan, parted with $150 million worth of $JPM shares on February 22, marking a notable move in the financial sector. Meanwhile, Mark Zuckerberg shed $661 …
From Peter Reagan for Birch Gold Group There are so many signals that point to the possibility of entering a near-term recession, they are hard to ignore. Unless you choose to follow Paul Krugman’s lead and stick your head in the sand. But let’s look at the economic situation in this country from another perspective: What if the United …
African immigrants burn down The Hague, Netherlands Eritrean African immigrants burn down The Hague, Netherlands. We need mass deportations now. https://t.co/JbABEs1LL4 pic.twitter.com/q9i78gRIx2 — RadioGenoa (@RadioGenoa) February 17, 2024 NOW – Violent clashes between Eritrean migrants and the police in The Hague, Netherlands.pic.twitter.com/hMco6UT6xQ — Disclose.tv (@disclosetv) February 17, 2024 BREAKING: Massive riots have started in The …
Fearing their dirt will be aired in a public forum is a great motivator for extreme action wether legal or not. — Leonard Soares (@leonard_per) February 4, 2024 He is a traitor. https://t.co/F4yK56vSun — Adam Kinzinger (Slava Ukraini) 🇺🇸🇺🇦 (@AdamKinzinger) February 4, 2024 h/t Skid Marx
Congressional speed can be a double-edged sword, as demonstrated by the House Ways and Means Committee’s swift push for The Tax Relief for American Families and Workers Act. Despite its branding as a package of middle-class tax cuts and pro-growth reforms, a closer look reveals a mix of elements, including welfare expansions, corporate advantages, and …
In a move that has left employees fuming, 3M, the conglomerate renowned for manufacturing Post-its, command strips, and tape, has frozen its pension program for non-unionized workers. To add salt to the wound, the company announced a shift to a 401(k) retirement plan in 2028 for these employees. This decision, seen as a pathway to …
Authored by Charles Hugh-Smith via oftwominds, No wonder Corporate America added $1.2 trillion in profits to be distributed to the elites of America: everything is diminished, stripped of quality and rendered miserable. Too bad there’s no real competition left in the US economy. One of the most extraordinary economic marvels of the past decade is …
Anybody surprised that „GDP growth“ based on debt fueled construction of ghost cities, idle airports and vacant skyscrapers doesn’t translate into corporate profits? — Michael A. Arouet (@MichaelAArouet) January 1, 2024 The End Phase of High Levels of Chinese Growth. In the 1980s until about 2000, China led the world in Total Factor Productivity (TFP) …
Source: https://public-inspection.federalregister.gov/2023-28472.pdf TLDRS: FDIC held a CLOSED meeting yesterday about resolution matters that the public interest did not require consideration of the matters in a meeting open to public observation. I show Heartland Tri-State Bank of Elkhart, Kansas failed after a similar meeting like yesterday. Fresh bank fail incoming? https://dismal-jellyfish.com/fdic-closed-meeting-sign-of-upcoming-bank-collapse/ Adding, on Monday, FDIC warned about CRE (replacing …
Ep. 55 Corporate media is dead, which is why The Babylon Bee is more trusted than CNN. pic.twitter.com/FI9fh0QJhX — Tucker Carlson (@TuckerCarlson) December 18, 2023 h/t Skid Marx
ESG global investments have seen a staggering $5 trillion collapse in just two years. BlackRock and Vanguard strategically utilize ESG scores to influence companies toward woke hiring and climate practices, as explained by BlackRock CEO Larry Fink and the CEO of AmEx. ESG COLLAPSE: ESG global investments have collapsed by $5 TRILLION in just 2 …
This probably comes down over the next few years. No guarantee, but rates are likely coming down somewhat in the next couple years. Bonds may do well over the next five years. h/t HighYieldLarry
As we approach the new year, a shift toward credit risk is expected, replacing interest-rate concerns, according to Mohamed El-Erian. The recent steep drop in October’s Producer Price Index (PPI), the largest since April 2020 during the Covid lockdown, heightens worries. Fitch predicts ongoing challenges for US regional banks in 2024, and with earning trends …
Investors pulled out a record amount from Corporate Bond ETFs in October, while US bankruptcies and housing defaults surged. Bank of America forecasts a record year for cash funds, suggesting widespread concern and a cautious market approach. Corporate Bond ETFs had an outflow of $9.4 Billion in October, the highest amount in history pic.twitter.com/xbvPs24jUq — …
Corporate bankruptcies in the U.S. have surged by 30% over the past year, signaling the end of the easy money era and a sobering wake-up call for companies. Good Morning Everyone! Corporate bankruptcies in the U.S. rose by +30% over the past 12 months. "We're already on track to double the mega bankruptcies compared to …
by DesmondMilesDant Caption: High-quality debt created by data provider BondCliQ. https://www.bloomberg.com/news/articl… Caption: This H-portfolio contains 30 bonds covering major sectors such as tech, utilities, energy and financials, and includes bonds sold by Deere Capital Corp., Lowe’s Cos Inc., AMZN etc. This is the largest, most liquid, market in the world. It is heading …
