Independent thinking for complex markets and current events
A tourist from Oklahoma is living out a traveling hunter’s nightmare in Turks and Caicos, where he was detained and jailed after customs officials found some forgotten ammunition in his luggage. The man could now face up to 12 years in prison due to a strict law that prohibits the possession of firearms, ammo, and …
Key points: Commercial Real Estate Collateralized Loan Obligations (CRE CLO) issuance surged from $19 billion in 2019 to $45 billion in 2021. 72% of collateral is linked to multifamily properties. Delinquent loans or those in special servicing rose to 8.6% in January but decreased to 7.4% in February. Issuers repurchase delinquent loans using cash reserves …
A financial shockwave reverberates: Discover credit card charge-offs peak since 2008, while Four Seasons Maui faces default on a $234 million loan. Amidst the unexpected downturn, even luxury icons falter, signaling broader economic turbulence. This is totally nothing like 2008 guys, relax! Also: Discover credit card charge offs hit highest level since 2008 pic.twitter.com/3152thEWBd — …
Gen Z will never afford homes. With 30-year fixed mortgage rates hitting a staggering 7.5%, and home prices soaring beyond the 2006 housing bubble peak, the American Dream is dead for many. Even in the most affordable states, households need over $100,000 annually, while in Hawaii, California, and Massachusetts, it’s over $240,000. It’s a stark …
Atlantic City Mayor Marty Small Sr. finds himself embroiled in controversy as he stands accused of brutally assaulting his teenage daughter, allegedly captured on film. The Democrat mayor’s denial of the allegations and subsequent charges of endangering the welfare of a child, terroristic threats, and aggravated assault paint a disturbing picture, further exacerbated by reports …
SAN DIEGO, California — The number of Chinese migrants illegally crossing the US-Mexico border has hit a new record with 24,200 arrested in the last six months, mostly in San Diego County, California, according to federal data. The huge influx is already equal to the number of Chinese people arrested for illegally crossing into the …
US drug shortages reach record high with 323 meds now in short supply. “There are myriad reasons for the hundreds of drug shortages now facing doctors and patients, many of which remain unclear. But, as Ars has reported before, the root cause of shortages of low-cost, off-patent generic drugs is well established. These drugs have razor-thin …
Powerful spring storm with an upper-level low across the Northern Plains and Midwest today with scattered severe thunderstorms. SPC has "Enhanced Risk" over Iowa mainly for hail and isolated tornadoes. pic.twitter.com/A7uh5LPZXB — Ryan Maue (@RyanMaue) April 16, 2024
Things are going downhill, and they’re going downhill fast. Walmart is the biggest supermarket in the United States. According to the official tracking metrics of Walmart’s income levels, the annual revenue of this superstore chain is just over 611 billion dollars. So why is Walmart closing its stores? Walmart is facing multiple closures and besides …
The increasing elderly population in the United States is driving a high demand for long-term care workers, with an estimated 900,000 job openings in the sector. Facing a shortage of workers, many companies are considering hiring more migrant workers to meet this demand. While some advocate for expanding opportunities for migrants in the caregiving workforce, …
The US banking system’s fragility has been brought to attention once again. The S&P 500 has issued a chilling warning that has sent shockwaves through the banking industry. The renowned index tracking agency has downgraded five major regional banks. This move has raised alarm bells across the sector, with many citing mounting concerns over their …
Democratic lawmakers came to an agreement Friday to reduce the state’s multibillion-dollar deficit by $17.3 billion through a combination of spending cuts, delays and deferrals, a deal reached behind closed doors Republican lawmakers quickly labeled as “gimmicky.” “This most recent deal that he’s touting is all reliant on budget gimmicks, cause shifts and deferrals, which, …
Japan’s Yen Intervention Strategy Faces Test From US Data "Kanda’s former boss at the finance ministry, Tatsuo Yamasaki, said this week that Japan is ready to step in as soon as the yen falls beyond its current range"https://t.co/KFAwYm6xAU pic.twitter.com/eYGukkLe2P — Global Markets Investor (@GlobalMktObserv) April 5, 2024 Mr. 151.75 $JPY is warming up again…. https://t.co/nzSMHPc2H5 …
SAN FRANCISCO/LONDON (Reuters) – The ranks of would-be Tesla buyers in the United States are shrinking, according to a survey by market intelligence firm Caliber, which attributed the drop in part to CEO Elon Musk’s polarizing persona. While Tesla continued to post strong sales growth last year, helped by aggressive price cuts, the electric-vehicle maker …
“Ukraine is heading towards a truly definitive energy crisis. In the east and west, thermal power plants are being liquidated one after another by completely demolishing the main turbine and generator sections. Dams also began to collapse from south to north. It is expected that all dams and thermal power plants will be decommissioned in …
"I don't know a single person in Canada who's not struggling right now" "Everyone is on the brink of LOSING everything" "We're literally just working to scrape by to survive" "It's almost impossible to leave Canada because that's expensive" "There's this huge feeling of… pic.twitter.com/GxtC901yCV — Wall Street Mav (@WallStreetMav) March 29, 2024 It is …
EV maker slashes prices as it tries to avoid bankruptcy. California-based electric vehicle startup Fisker slashed the prices of some of its vehicles as it fights to avoid bankruptcy after a potential deal with another automaker fell through. The manufacturer’s suggested retail price for the 2023 Ocean electric SUV lineup in the U.S., which is …
Nvidia hard rejection. Facing the first down week of 2024. pic.twitter.com/VuLG4tMbeF — Mac10 (@SuburbanDrone) March 27, 2024 The stock of the week is Micron which posted a "surprise" profit this week and guided up on what else – AI. The interesting thing is that during this past year's melt-up, the stock was unprofitable EVERY quarter. …
Since FTX founder Sam Bankman-Fried is about to be sentenced to up to 50 years in prison today… LET’S TAKE A SECOND TO REMEMBER HOW MANY POS POLITICIANS ARE STILL REFUSING TO RETURN HIS “DONATIONS” ⚠️ pic.twitter.com/b03Hueg5GH — Matt Wallace (@MattWallace888) March 28, 2024 NEW: Crypto fraudster Bankman-Fried faces sentencinghttps://t.co/HkNLPUpwsy — Insider Paper (@TheInsiderPaper) March …
WASHINGTON (AP) — The young voices in the messages left for North Carolina Sen. Thom Tillis were laughing, but the words were ominous. “OK, listen, if you ban TikTok I will find you and shoot you,” one said, giggling and talking over other young voices in the background. “I’ll shoot you and find you and …
Baltimore is now facing apocalyptic levels of policing shortages. Last week, THREE police officers patrolled a whole district of 61,000 residents. Police are now UNABLE to respond to calls, including for child assault. The department is now postponing police training in an… pic.twitter.com/4XhEURoR4d — End Wokeness (@EndWokeness) March 25, 2024 Baltimore is in the throes …
“OMG! Kamala went to Puerto Rico yesterday to pander, as Biden grapples with record-low Latino support, and she gets epically trolled. Kamala dances along to a pro-PR independence song protesting her visit, until her translator explains what’s happening.” OMG! Kamala went to Puerto Rico yesterday to pander, as Biden grapples with record-low Latino support, and …
There’s some serious political drama unfolding up north in Canada. It’s all eyes on Prime Minister Justin Trudeau’s government as a no-confidence vote is looming large on the horizon, set for March 21st. Now, the mainstream media might be downplaying it as a joke, but there’s a twist in the tale that could shake things …
More information is coming out about the secret LGBTQ club in Elk Grove. The school requires permission slips for all clubs besides this one. They didn’t inform parents and reportedly purposely hid it. Unbelievable. pic.twitter.com/7C7os73eUI https://t.co/r8iId94DVF — Libs of TikTok (@libsoftiktok) March 14, 2024 h/t Dan
This surge in Canadian bankruptcy filings, especially among small businesses, is deeply concerning. With such a significant increase in insolvency cases, coupled with the pressure small businesses face to repay pandemic loans, there’s a legitimate worry about Canada’s economic stability. What is happening in Canada? Canadian bankruptcy filings are skyrocketing with nearly 800 bankruptcy filings …
Richard Medhurst, independent journalist from the UK, reports on the latest from Yemen: the Houthis have expanded their blockade of Israeli and Israeli-linked ships in the Red Sea to include the Indian Ocean, targeting 3 US and 2 Israeli vessels on March 15. AC
Massive cyber attack against France, just a few days after Macron's clear statement of intent to defend Ukraine and Europe from Putin's Mafia State. https://t.co/AHopmuVF8K — Political Gambler (@paulmotty) March 11, 2024 Cyberattacks of “unprecedented intensity” have targeted several French government institutions just months before the Paris Olympics but have been contained, the prime minister’s …
THEY WENT WOKE AND YOU KNOW THE REST: Victoria’s Secret Falls Most Ever in Faltering Turnaround. Underscoring the retailer’s struggle to gain relevance with customers, the company said Wednesday it expects net sales of $6 billion this year, weaker than last year. Thursday’s share decline is Victoria’s Secret’s largest since its July 2021 initial public offering, …
BREAKING: Dolton Mayor Tiffany Henyard VETEOS a unanimous board resolution to investigate her use of tax funds. Mayor Henyard claims that she vetoed the investigation to prevent personal attacks. She has come under fire in recent weeks for using taxpayer money on lavish trips,… pic.twitter.com/zKaqTT4wse — End Wokeness (@EndWokeness) March 6, 2024 In a surprising …
