Independent thinking for complex markets and current events
Federal authorities unveil sweeping charges against more than 300 pharmaceutical executives in what officials are calling the largest Medicaid fraud takedown in U.S. history, exposing an alleged nationwide scheme involving billions in taxpayer dollars.
The American Trucking Association (ATA) is out here feigning outrage over cargo thefts like the Guy Fieri tequila heist that just hit 60 Minutes—24,000 bottles of Santo Tequila vanished in a slick double-brokering scam. For years, the ATA has lied to the entire country, federal agencies, and legislators about a “truck driver shortage” that doesn’t …
Newsmax filed an antitrust lawsuit accusing conservative media giant Fox News of abusing its monopoly power to suppress its right-leaning competitors. Fox replied that Newsmax “cannot sue their way out of their own competitive failures in the marketplace.” Newsmax CEO Christopher Ruddy is a former reporter for the New York Post, the tabloid owned by …
In a span of 24 hours, three senior executives from Elon Musk’s core technology ventures have stepped down. Linda Yaccarino, CEO of X, announced her resignation on July 9 after a two-year tenure marked by advertiser volatility and platform rebranding. Her departure follows a wave of backlash surrounding Grok, the AI chatbot developed by Musk’s …
The Wall Street Journal spoke to 30 packaged food company leaders. They said their greatest business “threat” was Americans wanting to be healthy. pic.twitter.com/1uwsRXLH6e — Calley Means (@calleymeans) March 28, 2025
If you’ve heard the breathless news reports, you know that “Wanted” posters have been going up around New York City identifying various health insurance executives as malefactors who profit off of denying health care to everyday Americans. The signs include the phrase it’s believed alleged UnitedHealthCare CEO assassin Luigi Mangione wrote on the bullets found …
Why Everyone in Hollywood Feels Stuck. That promotion isn’t happening. Forget that raise. And “diverse” TV and film projects that don’t have an audience? Nope. Not getting made.
https://www.msn.com/en-us/money/personalfinance/ar-AA1pMdyP “She added: “People with hundreds of millions of pounds [are leaving] because changes can be more impactful for them.” Those packing their bags and moving overseas are typically entrepreneurs and private equity executives in the top income bracket, she said. Italy, the United Arab Emirates (UAE) and Switzerland are among the most popular destinations.” …
Food executives told The Wall Street Journal that high inflation has driven up labor and raw materials costs and spurred price increases. They also said that healthy profit margins are needed to finance the development of new products. “We understand why there is this sticker shock and why it’s upsetting,” Andy Harig, a vice president …
Two executives were issued arrest warrants in Japan on Wednesday, reportedly for charges related to establishing a business that outsourced work to North Korean IT engineers.… At least one of the individuals – a 53 year old named Pak Hyon-il – is a South Korean national. His alleged accomplice, 42-year old Toshiron Minomo, is Japanese …
Cash bonuses are down across Wall Street. But not for some top execs. Cash bonuses fell across Wall Street during a challenging 2023, according to a new report, but some bosses were able to buck that trend. Cash payouts for New York City securities employees dropped by an average of 2% to $176,500, according to …
FAFO – people are sick and damn tired of this ridiculous fantasyland woke bullshit. https://t.co/JH5SY3KAKX — Catturd ™ (@catturd2) March 19, 2024 UPDATE: The woman who exposed a man shaving in an Alaska Planet Fitness women's locker room with a 12-year-old present just had her membership revoked. Why is @PlanetFitness prioritizing a man with a …
At earnings this week, several auto execs pulled back on EV targets. Dealers have been warning of slowing EV demand for months. “This is a pretty brutal space,” Mercedes-Benz’s CFO said this week. With signs of growing inventory and slowing sales, auto industry executives admitted this week that their ambitious electric vehicle plans are in …
Billionaires and corporate execs have dumped $9 billion worth of stock this year amid the market’s latest rally So looks like we are back here again. Repeat of end of 2021. When CEOs dump massively, we should be asking why. There’s a lot of negativity in thr economy, from debt, to interest rates, production, manufacturing …