Independent thinking for complex markets and current events
via Robby Starbuck: MASSIVE news: Walmart is ending their woke policies. I can now exclusively tell you what’s changing and how it happened. Last week I told execs at @Walmart that I was doing a story on wokeness there. Instead we had productive conversations to find solutions. Below are the changes Walmart committed to. I …
A recent survey by BadCredit.org reveals that 37% of Americans are neglecting their friendships due to the rising costs of maintaining social ties. 10% of respondents have even ended a friendship because of the financial strain, while 21% feel they spend more on their friends than their friends spend on them, causing resentment. The survey …
Discussions are ongoing regarding the elimination of “double-taxation” on Americans living abroad, a move that has gained notable support, particularly from Republicans Overseas. The group emphasizes former President Donald Trump’s endorsement of ending this practice, which burdens expatriates. Current tax provisions, like the Foreign Tax Credit and Foreign Earned Income Exclusion, already aim to reduce …
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 6’s parent company G6 Hospitality …
You know things are getting bad when people are breaking up and cannot stay together because of how tough it is to find a good job these days. We saw a lot of this during the 2008 recession lots of unemployment lots of divorce lots of family issues and it seems like it’s happening all …
Nvidia NVDA 2.43% looked set to pare back some of its recent losses on Monday, but analysts at Citi are warning that the artificial-intelligence-fueled winning streak that powered the chip maker to a trillion-dollar valuation is coming to an end. The stock climbed 2.8% to $105.70 in Monday morning trading. On Friday, it had dropped …
Global Disinflation trend is ending.. It was never going to last forever, but it does mean Rate Cuts are going to be a harder sell. pic.twitter.com/7bhrPjuI3l — Callum Thomas (@Callum_Thomas) May 30, 2024 If the rate of inflation stays high (above target) or the pace of disinflation disappoints vs the central bank’s central forecasts, or …
Twenty-Percent Of All Crashed Cars Are Being Totaled High repair costs, high depreciation, and expensive tech are conspiring to write off cars https://jalopnik.com/out-of-control-repair-bills-means-20-percent-of-all-cra-1851506095 A lot of car crashes are ending with insurance companies calling the car totaled? A lot of car crashes are ending with insurance companies calling the car totaled. High repair costs, high …
General Motors will cease production of its iconic Chevrolet Malibu sedan. The move comes as the Detroit-based automaker plans to revamp the Kansas facility where it makes the Malibu so that it can produce the upcoming electric Chevrolet Bolt model there. The Malibu is the last remaining Chevrolet car offered in the U.S. besides the …
In a case highlighting tensions over self-defense and illegal immigration, the trial of Arizona rancher George Alan Kelly for fatally shooting an illegal alien ends in mistrial, leaving the case unresolved and sparking debate over the implications for future legal proceedings. Key Points: Arizona Superior Court Judge Thomas Fink has declared a mistrial in the …
The debt-service coverage ratio, a measure of financial health, has dropped significantly over the past year, indicating increased risk among leveraged loan companies. Morgan Stanley’s Chief Investment Officer warns that if corporate profits disappoint, the stock market rally could end. Options markets show extreme optimism, suggesting investors may be overlooking potential risks. Something about swimming …
We are really in the matrix now. The BOJ is the only major CB that buys stock funds (officially anyway) as part of monetary easing to achieve an inflation target. They are considering ditching this policy! Not bonds. I mean, they aren't THAT crazy.👊https://t.co/HCC6bBXoPz — Samantha LaDuc (@SamanthaLaDuc) March 13, 2024 Bank of Japan officials …
The Chinese EV industry may have little choice but to square off in a potential fight to the death, according to the billionaire co-founder of Xpeng. No matter who wins, though, their Western peers stand to lose. As China’s carmakers pursued profitable growth in the West, the country took Japan’s crown as the largest automotive …
A call for change in the way congressional districts are drawn has emerged, emphasizing a focus on the population of U.S. citizens alone. The proposition suggests that the Census should specifically count U.S. citizens for the apportionment of representation, contending that only U.S. citizens should be directly represented in the U.S. Congress. The existing system, …
https://twitter.com/TexasLindsay_/status/1734063363246702734 https://twitter.com/TexasLindsay_/status/1734087060376424587
Kremlin spokesperson Dmitry Peskov told reporters on Monday that while he agrees on the need for a “new world order”, he does not believe the US should be at the helm. Any new system should be “free from the concentration of all mechanisms of world governance in the hands of one state”, he said. President …
Western ammunition supplies ‘are at the bottom of the barrel’ with the war in Ukraine showing no sign of ending, NATO warns so is the SPR and the Economy NATO’s top official said ammo reserves were at the ‘bottom of the barrel’ The UK’s minister for armed forces said the West needs to build …
The migrant crisis is getting so hard for New York City to handle that Mayor Eric Adams sees a policy that could send thousands of people into the streets, many with nowhere to sleep and nowhere to work, as his next best move. It’s the latest in a series of increasingly desperate attempts by the …
Zelensky’s administration, often criticized for corruption, might face turbulent times ahead. This move raises questions about the future of Ukraine’s leadership. The sentiment among some Senators is clear: they believe it’s time for a change. The House is already on record for ending Ukraine funding and now the Senate joins in. Looks like Zelensky's corrupt …
by Chris Black If a company can not access the fraudulent market selling shares to the public, forced to buy them through IRAs and 401k accounts, they will go under, if there’s not a true market for their products. Nearly all publicly traded companies are functionally bankrupt. You can’t pay a CEO $250 million out …
Here’s a map of notable store closures in downtown San Francisco. As foot traffic has declined and theft has grown, stores are closing down. Yet another sign of the pain consumers are feeling from inflation. Follow us @KobeissiLetter for real time analysis as this develops. pic.twitter.com/CKf75xUiB9 — The Kobeissi Letter (@KobeissiLetter) August 30, 2023