Independent thinking for complex markets and current events
Daily US users of Chinese discount e-commerce platform Temu fell 58% in May following the White House’s elimination of the “de minimis” trade provision that allowed tariff-free shipping of low-value packages from China, according to market intelligence firm Sensor Tower. The dramatic user decline reflects mounting challenges for PDD Holdings’ global platform amid escalating US-China …
Watch about 5 minutes is all you need. Basically he talks about these big tech companies going all in on ai and then automating their employees out. Employees laid off and they don’t buy that companies products. So company lays off more employees, and the circle continues. They’re eating their own… h/t John Dutton
Citibank, used by 200 million Americans, was hit by a nationwide outage. The bank’s website showed an error message: ‘We’ve encountered an issue and are working to fix the issue.’ No other details have been provided except for customers to return to the website 10 to 15 minutes later. The issues were fixed around 2pm …
After a customer did not tip on a $20 check . The angry owner of table to stix ramen follows him for 8 blocks, hurling insults and threats along the way.
Bankrupt 23andMe just got court approval to try and sell its most valuable asset: your genetic data. Yes, the DNA data from 15 million customers could soon go to the highest bidder. A judge is letting the sale move forward—just with a slightly slower timeline—despite major privacy red flags. Turns out, trusting a company that …
They’re going to bundle the loans into securities and sell the tranches by food type “Crunchy Wrap Supreme is BBB debt rated with 10 year maturity at 6% coupon. The instruments are non-callable with warrants attached as a sweetener.” https://t.co/TSApyPQItI pic.twitter.com/rO5EYfKcXZ — Roberto Rios (@peruvian_bull) March 21, 2025
Apple will no longer offer its Advanced Data Protection (ADP) tool to UK customers following a data privacy row with the UK government. ADP is a tool offered to Apple customers that means only account holders can see things like photos or documents that they have stored online. Apple itself does not have access to …
We know many fast food restaurants have been losing customers due to extreme pricing of the poor quality food but on top of losing customers there also losing employees in California due to the new $20 per hour minimum wage mandate. So far just in less than one year already 6100 jobs have been lost …
Nvidia $NVDA only expects revenue of $37.5 billion next quarter. The growth is slowing. (*Reminder, all of these companies are using Non-GAAP instead of GAAP because it allows them to do round-trip financing 🤫) https://t.co/RTniBc6M8j pic.twitter.com/7cNDvdbNIx — Financelot (@FinanceLancelot) November 20, 2024 Doesn't matter, as soon as growth evaporates the stock crashes because it's massively …
TARGET shares plunge after discounter posts big earnings miss… WALMART issues dire warning to customers about prices during next White House…
$7 trillion is now sitting in U.S. money market funds, a record high. This happens because the fed overnight rate is close to 5% at this time, so it makes no sense for banks to park money there ONLY for them to have to pay customers the same rate. There’s no room for any profit …
The second-largest US bank by total assets says it’s preparing for significant losses due to ongoing regulatory issues. In a new filing with the U.S. Securities and Exchange Commission (SEC), Bank of America says it faces a “reasonably possible and estimable” loss of up to $800 million due to investigations from the Consumer Financial Protection …
Bank of America is currently experiencing a widespread outage. Many customers have reported issues accessing their accounts, with some seeing their balances temporarily showing as zero. The outage began around noon Eastern Time and has affected online and mobile banking, as well as ATM operations in major cities. https://news.yahoo.com/news/bank-america-down-users-report-194057499.html https://www.msn.com/en-us/money/other/bank-of-america-customers-report-outage-with-some-seeing-0-balances/ar-AA1rBpk7
It appears that all major cell carriers in the U.S., including Verizon, AT&T, T-Mobile, and Sprint, have been experiencing service issues recently. Reports indicate that these outages have been affecting users across various regions, particularly on the East Coast. https://bgr.com/tech/verizon-down-outages-at-att-sprint-t-mobile/ https://gizmodo.com/all-major-cell-carriers-report-outages-nationwide-1851277854 https://downdetector.com/ Verizon outages reported across Chicago, multiple other cities More than 100,000 Verizon outages …
You’re missing an even more egregious piece of the story…. Just last month @primantibros kicked everyone out of their establishment so Kamala Harris could bring in actors and pretend she was organically visiting with supporters. A total facade to fool everyone, and Primanti… pic.twitter.com/SWjn5aHAym — Midwest Mom (@badlibtakes) September 28, 2024 .@primantibros refused to let …
Customers at a billion-dollar bank say they’re shocked after a worthless trip to the ATM. More than a dozen people received fake $100 bills marked “for motion picture purposes” and “in props we trust” when they visited an Independence Bank ATM in Providence, Kentucky, reports the NBC-affiliated news station WFIE. Among the victims is Tiffany …
Samsung Electronics, the world's top maker of smartphones, TVs and memory chips, is cutting up to 30% of its overseas staff at some divisions, three sources with direct knowledge of the matter told @Reuters. Read more https://t.co/U07j1AM2pe pic.twitter.com/imSKS6qwyq — Reuters Asia (@ReutersAsia) September 11, 2024 Samsung is reportedly planning to announce some major layoffs worldwide …
Multiple Bay Area homeowners are sounding the alarm about a tiny home builder, claiming huge problems. This is the HUUUGE problem nobody is talking about All these DEI state attorneys who do absolutely NOTHING but run globalist schemes. meanwhile criminals are just off the hook, running around ripping people off and nothing is being done …
COLUMBUS, Ohio — Customers lined up at dispensaries across Ohio on Tuesday for the first day of recreational marijuana sales in the state. Nearly 100 medical marijuana dispensaries were authorized to begin selling recreational marijuana to adults after receiving operating certificates this week from the state’s Division of Cannabis Control. Jeffrey Reide camped out in his …
McDonald’s will extend its $5 value meal in most U.S. markets, saying the deal is helping to boost traffic. McDonald’s is extending the promotion as rivals such as Burger King and Starbucks offer deals to entice diners and boost traffic. The company is set to report earnings July 29. McDonald’s will extend its $5 value …
AT&T says hacker stole data from ‘NEARLY ALL’ customers… One of biggest breaches in history! The data of nearly all customers of the telecommunications giant AT&T was downloaded to a third-party platform in a security breach, the company said Friday, as cyberattacks against businesses, schools and health systems continue to spread globally. The breach, most …
The Idaho Central Credit Union (ICCU) recently faced scrutiny due to their member agreement that initially prohibited using ICCU accounts for firearm and ammunition purchases. However, after receiving feedback and feeling the heat, they promptly revised their terms and conditions. Gone is the verbiage prohibiting firearm and ammunition purchases, crypto, and controlled substances. However, ICCU still prohibits using …
Billion-Dollar Bank Exposes Customers’ Full Names, Account Numbers, Dates of Birth and More in ‘Foreseeable and Preventable’ Data Breach: Class-Action Allegations A North Carolina-based bank is facing a proposed class-action lawsuit over a data breach that has allegedly placed customers at serious risk of fraud and identity theft. The plaintiff accuses Truist Bank of failing …
There is currently a massive international roaming outage affecting customers of Verizon, T-Mobile, and AT&T. If you’re an American customer traveling abroad, you might experience difficulties making calls, sending messages, or using data. The issue is related to a third-party vendor called Syniverse, which manages international roaming connections for various carriers. While the providers are working to resolve the problem, about 30% …
In a recent shocking move, the Texas-based U.S. Logistics Solutions (USLS), owned by Ten Oaks Group, abruptly ceased operations, leaving over 2,000 employees jobless. The closure affected 500 truck drivers, 732 power units, and resulted in the shuttering of 19 terminals, primarily on the East Coast. Former USLS President Eric Culberson expressed devastation and heartbreak due …
Ledgers of the failed fintech middleman Synapse show that nearly all the deposits held for customers of the banking app Yotta went missing weeks ago. A network of eight banks held $109 million in deposits for Yotta customers as of April 11, according to Evolve Bank & Trust, which filed a bankruptcy court letter. However, …
The employees are giving the customers fair warning. pic.twitter.com/xsUtPBiXZH — Wall Street Mav (@WallStreetMav) June 22, 2024
Articles: Chase Bank Customers Are Reporting a Wave of Wire Fraud in their Accounts; the Bank Won’t Make Good on the Looted Funds https://wallstreetonparade.com/2024/06/chase-bank-customers-are-reporting-a-wave-of-wire-fraud-in-their-accounts-the-bank-wont-make-good-on-the-looted-funds/ Major Japanese Bank Sets Crash Course for American Shores https://www.thedailydoom.com/p/major-japanese-bank-sets-crash-course h/t Guest