Federal funds rate cutting from 5.25% to what?
Last time we cut the funds rates from 5% was the housing crash. Does Powell go to 2%? If so this run might come to a halt. h/t PhuckCorporate
cutting
California fast food workers now earn $20 per hour, franchisees responding by cutting hours
“A turkey sub for under $10? It’s now $11.15. While customers are still coming in, he’s seeing them cut back – no drinks, no chips, no dessert. Since their core business is lunch, Chacon has been reducing staffing in the mornings and evenings. He’s also cut a few part-time employees, going from 165 total to …
Powell says Fed has made ‘quite a bit of progress’ on inflation but needs more confidence before cutting
Fed Chair Jerome Powell expressed satisfaction with the progress on inflation but said he wants to see more before being confident enough to start cutting interest rates. “We want to be more confident that inflation is moving sustainably down toward 2% before we start the process of reducing or loosening policy,” he said. While Powell …
CNN is ALREADY cutting off the microphones of Republicans who dare to criticize their bias.
PRESIDENTIAL DEBATE: CNN is ALREADY cutting off the microphones of Republicans who dare to criticize their bias. You can't make this up. CNN's Kasie Hunt cut off @kleavittnh and then blocked @RichardGrenell for calling her out. What are the chances the debate will be fair? pic.twitter.com/myiVh3ZuFo — @amuse (@amuse) June 24, 2024 https://twitter.com/amuse/status/1805238679666937992
Central banks are cutting rates. Everything will change by September 2024.
Central banks around the world are now starting to cut interest rates. With the Bank of Canada and the ECB being the first two central banks to cut. Does that mean that the Federal Reserve might be next?
Fed’s mismanagement forces recession to control inflation before cutting rates to recover.
In early March, U.S. banks faced substantial unrealized losses, ominous figures hinting at potential disaster. At the end of 2022, these losses hit $1.7 trillion, nearly matching the total equity of U.S. banks, which stood at $2.1 trillion. Rising interest rates slashed the value of assets like U.S. Treasuries and mortgage-backed securities, mainstays in bank …
Which news websites are cutting deals with AI.
A little more than a year ago, Barry Diller rallied his fellow media titans to fight artificial intelligence’s march on the publishing business. The time had come, he said, to “absolutely instigate litigation” against the tech companies trying to “scrape our content” and “cannibalize everything.” “If all the world’s information is able to be sucked up …
Walmart cutting hundreds of corporate jobs, asking remote workers to return to office
Walmart cutting hundreds of corporate jobs, asking remote workers to return to office Walmart is about to have hundreds fewer people working in corporate offices, and remote workers are being asked to return to offices, the Wall Street Journal reported Monday. The U.S. retailer is asking workers at offices in Dallas, Atlanta and Toronto to …
Central banks around are now cutting rates rapidly
Central banks around are now cutting rates rapidly ht g.o.t. pic.twitter.com/WET0DuptRS — Win Smart, CFA (@WinfieldSmart) April 30, 2024
Perfect timing to start cutting rates
Perfect timing to start cutting rates pic.twitter.com/MRWHM0IUko — Michael A. Arouet (@MichaelAArouet) April 29, 2024 🚨 WARNING 🚨 1970S vs 2020s I have compared todays market similarities to the stagflation period of the 70s below 👇 I have also mentioned that yields will not stop, cannot stop ,until something breaks , as the same principle …
Iran’s attack on Israel unlikely to lead to Biden cutting oil lifeline.
Despite Iran’s recent aggressive actions against Israel, analysts suggest that the Biden administration is unlikely to impose significant sanctions on Iranian oil exports. The delicate balance between deterring future attacks and avoiding economic repercussions complicates the administration’s response, particularly in light of China’s role as a major consumer of Iranian oil. Biden unlikely to cut …
Amazon CEO Andy Jassy says he’s committed to cost cutting while investing in AI in shareholder letter
Amazon CEO Andy Jassy on Thursday published his annual shareholder letter, where he pledged to keep looking for ways to keep costs in check even as the company doubles down on investing in new growth areas like artificial intelligence. “I think every one of us at Amazon believes that we have a long way to …
Ikea is cutting prices as inflation eases — and more could be on the way
Ikea says it plans to expand its price cuts into 2024 across all of its markets globally, aiming to dial back price increases that were introduced in 2022. The price cuts have led to an increase in customers and more products have been sold worldwide, according to Tolga Öncü, head of retail at Inkga Group, …
Inflation is Back… and The Fed Won’t Be Cutting Rates Any Time Soon
by Phoenix Capital Research Inflation is going in the wrong direction again… and that is BAD news for stocks. If you’ll recall, the primary driver of the recent rally in stocks was the Fed suggesting that it would soon begin cutting rates. Indeed, it was a speech by Fed Governor Waller concerning that exact topic …
Nike to lay off 2% of employees, cutting more than 1,500 jobs amid restructuring
Nike is cutting 2% of its current workforce, or more than 1,500 jobs, as part of a broader restructuring, the company said late Thursday. The Beaverton, Oregon-based sneaker giant said it wants to better use its capital to invest in its growth areas, such as running, women’s and the Jordan brand. “This is how we …
California Restaurant Operators Brace for $20-an-Hour Fast-Food Wage: Trimming Hours, Cutting Vacation, and Raising Menu Prices in Preparation
“But he eliminated the PTO program, first launched in 2021, at the start of the year “to prepare for the increase in wages in 2024,” he said.” “The new California law doesn’t apply to employees at full-service chains such as Chili’s or Cheesecake Factory. Lederman, the veteran franchise consultant, agreed. He said he fully expected …
Citigroup cutting 10% of it’s workforce
Citigroup said it was cutting 10% of its workforce in a bid to help boost the embattled bank’s results and stock price. About 20,000 employees will be let go over the “medium term,” New York-based Citigroup said Friday in a slideshow tied to fourth-quarter earnings. While it wasn’t immediately clear how long that is, the …
A new bill in Scotland will jail people who don’t prevent their child from cutting off their privates
Source: https://t.co/4vr3yznfZL — End Wokeness (@EndWokeness) January 10, 2024
Brave UK Police Arrest a 67 Year Old Female For Cutting a TWIG!
Why don’t they employ some common sense? They apprehend and detain an elderly woman for trimming a few branches that extended over her fence, encroaching on her clothesline. https://www.youtube.com/watch?v=144wcPaX8Zo h/t The Crystal Dimension
Texas Attorney General Ken Paxton Files Lawsuit Against Biden Regime for Cutting Razor Wire at the Southern Border: ‘This is Illegal’
Illegals Fist Bump Border Patrol After They Cut Through Abbott’s Border Wire. Why is this happening? pic.twitter.com/cIZAWsOzD6 — I Meme Therefore I Am 🇺🇸 (@ImMeme0) September 29, 2023 BREAKING: Today, I filed a lawsuit against the Biden Administration regarding their cutting razor wire at the border. Texas is and will continue to be America's greatest …
Big banks are quietly cutting thousands of employees, and more layoffs are coming Big banks are quietly cutting thousands of employees, and more layoffs are coming
via CNBC: “The largest American banks have been quietly laying off workers all year — and some of the deepest cuts are yet to come. Even as the economy has surprised forecasters with its resilience, lenders have cut headcount or announced plans to do so, with the key exception being JPMorgan Chase , the biggest …
Earnings yield will decline when they have to refinance the debt. Companies start cutting staff in order to boost income
https://twitter.com/Kacper_PK_CH/status/1713631923891745067 https://twitter.com/JustinRose/status/1713736857622651300
EU accuses Azrael of breaking international laws by cutting off food and water to Gaza
via dailymail: Israeli officials have declared they are seeking a ‘new reality’ that will see Hamas eradicated as the Israeli Defence Forces gear up to launch a massive military operation in Gaza. Israeli Prime Minister Benjamin Netanyahu, declaring war on Hamas following this weekend’s surprise attack which saw 1,000 Israelis slaughtered, gave a solemn vow. …
Does Israel’s cutting off food, water and fuel supplies to 2 million Palestinian civilians violate any international laws?
by Georgeo57 Under international law, occupying powers are obligated to ensure the basic necessities of the occupied population, including food, water, and fuel supplies. The Fourth Geneva Convention, which is part of the Geneva Conventions, states that “occupying powers shall ensure the supply of food and medical supplies to the occupied territory, and in particular …
So much for cutting back on spending, US National Debt has now increased by over $2 trillion in just 4 months.
The US National Debt has now increased by over $2 trillion since the debt ceiling was suspended just 4 months ago. pic.twitter.com/lWiHaYW7Ht — Charlie Bilello (@charliebilello) October 5, 2023 2 days ago, the US added $275 billion in 1 day due to social security payments at the end of the fiscal year. Since the debt …
Disney is cutting prices for kids at its theme parks.
#recession … #GFC2 US #consumer edition#deflation 📉 👀 https://t.co/jH6050adSK pic.twitter.com/ODeFE8XM5y — Invariant Perspective (@InvariantPersp1) October 4, 2023 #DisneyPlus $DIS 📉 👀https://t.co/duIwR6TzY5 — Invariant Perspective (@InvariantPersp1) October 5, 2023
Tennessee To Consider Cutting Off Federal Government Funding For Education
Tennessee lawmakers are looking at rejecting federal dollars for public education and replacing them with state dollars in a move that would make Tennessee the first in the nation to turn down federal education funding. Republican leadership in the state announced the formation of a panel to look at the impact of federal education funding …
NYC mayor Eric Adams gives to OK to turn NYC into a MEGA CITY, will turn office space in Apt by cutting holes in skyscrapers!
New York is facing twin real-estate crises: a massive amount of empty office space and almost no new housing construction. The pandemic-induced shift to remote work caught many in the commercial real-estate industry off guard. But some developers and architects have used the opportunity to lean into a business model they’d been pursuing long before …
Goldman Sachs expects core inflation to fall enough for the Federal Reserve to start cutting rates in Q2 2024… This is a joke right?
by AdMaleficent2789 Goldman Sachs expects core inflation to fall enough for the Federal Reserve to start cutting rates in Q2 2024, but economists leave the door open for a higher-for-longer scenario. By Q2, “we expect core PCE inflation to have fallen below 3% on a year-on-year basis and below 2.5% on a monthly annualized basis, and …