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The Japanese yen has been experiencing significant weakness against the U.S. dollar. Recently, it reached a 38-year low of 161 yen against the dollar. This decline has raised concerns, prompting Japanese authorities to consider intervention in currency markets to stabilize the yen. The reasons …
by confoundedinterest17 I am no forune teller, but this doesn’t look to good for old Joe (Biden). Existing home sales fell -2.8% YoY in May. US existing home sales fell for the third straight month in May (-0.7% MoM vs -1.0% …
Revenue Declined Y/Y Price to sales ratio: 12.43x Negative margins for 5 years straight 40.25% of their revenue comes from Data centers Yet, net revenue is down since 2022. Flat since 2021 60B market cap 1B in Revenue Negative cash …
When NBC went on the air on Thursday for their special coverage of former President Donald Trump’s conviction in New York, legal analyst Laura Jarrett touched on the reaction the verdict received from his supporters. The only problem for NBC …
Economists said the country’s property crisis continued to weigh on confidence among households and businesses, as non-manufacturing activity also slowed. The National Bureau of Statistics (NBS) said its official manufacturing purchasing managers’ index (PMI) fell to 49.5 in May from …
by confoundedinterest17 Not so Sweet Home Chicago! After unexpectedly slumping last month to 37.9, the Chicago PMI index cratered even more unexpectedly in May, when it defied hopes of a rebound to 41.5, and instead tumbled even more, sliding to a cycle …
by confoundedinterest17 I saw former President Obama criticizing former President Trump for not passing “transformative” changes. That is, Trump didn’t sign any Obama-like transformative changes (like Obamacare). Truimp did try to slow down the damage done by Obama and his …
#recession … #GFC2 US #manufacturing edition KC Fed leading index of new orders falls further into contraction 📉 👀 https://t.co/eiEe2sKxk3 pic.twitter.com/Jus16lkISa — Invariant Perspective (@InvariantPersp1) May 23, 2024
Hong Kong’s tax revenue fell by HK$18.2 billion (US$2.3 billion) to HK$342 billion in the last financial year amid a slump in the stock and property markets, but authorities have said income is set to rebound as curbs on buying …
“Jake Bissell-Linsk a New York based attorney whose firm (Labaton Keller Sucharow) filed a lawsuit against Boeing in an Alexandria, Va. federal court following the Alaska Airlines door blowout in January. He saw the emergency evacuation slide Sunday around noon …
Tesla reports biggest revenue slide since 2012 https://t.co/fhOKgR5VEW — The Coastal Journal (@1CoastalJournal) April 23, 2024 Tesla, once hailed as a pioneer in the electric vehicle market, finds itself navigating turbulent waters with a 9% revenue decline in the first …
Key points: The F-35 fighter jet program’s lifetime cost is estimated to exceed $2 trillion, up from a 2018 estimate of $1.7 trillion. Sustainment costs increased by 44% to $1.58 trillion over the program’s lifetime. The Pentagon extended the projected …
Investors are on high alert as a critical chart indicates the possibility of a significant downturn on the S&P 500, with historical precedent suggesting a 50% decline if certain thresholds are breached. If this chart falls below the small green …
Nvidia, which makes graphics processing units, or GPUs, has been a key beneficiary of the artificial intelligence boom thanks to demand for its chips. The company’s shares were briefly off 10% from their most recent all-time closing high of more …
🍿POPCORN ALERT 🍿#JustDarioDaily ⚠️IS IT FINALLY $VIX SHOWTIME?👀 TL;DR: we discussed a lot about the risks of a “Volmageddon” to strike again, potentially much harder than in 2018. Is this about to happen? Full article in link👇🏻https://t.co/GeO8sjKbFa — JustDario 🏊♂️ …
– The Ontario, Canada, region of Niagara Falls declared the emergency ahead of the April 8 eclipse, which will be the first to touch the province since 1979. National Geographic has said that Niagara Falls is one of the best …
Ahead of the solar eclipse next week, Niagara Falls Ontario Canada has declared a state of emergency! “The mayor of Niagara Falls, Ont., says a state of emergency declared in the region is a precautionary measure ahead of an expected …
by confoundedinterest17 Biden loves to blame Republicans for the border crisis. Although he has it in his power to close and secure the border, but won’t. It’s easier to blame the opposition, like “extreme MAGA Republicans.” Huh, I didn’t realize …
China's Real Estate Collapse At the heart of the decline in family wealth is China's real estate meltdown, which is having a pervasive effect on a society where 70% of family assets are tied up in property. Towards the end …
Average number of births per woman falls to 0.72 in country that already has the world’s lowest rate, and has spent billions since 2006 to reverse the trend South Korea’s demographic crisis has deepened with the release of data showing …
President Biden’s approval rating has slipped to 38 percent, near his all-time low, in the latest Gallup survey. The poll released Friday found that just 38 percent of respondents approve of Biden’s performance in the White House, while 59 percent …
Apple reported fiscal first-quarter earnings Thursday that beat estimates for revenue and earnings, but it showed a 13% decline in sales in China, one of its most important markets. Apple shares fell more than 4% in extended trading after management …
by confoundedinterest17 Americans are addicted to gov. And government is addicted to spending (and creating more debt). Let’s look at wage growth for government apparatchiks relative to private sector workers. While wage growth overall was modest, it is government wage growth that …
via CNBC: Xerox on Wednesday announced it will cut 15% of its workforce as part of a plan to implement a new organizational structure and operating model. Xerox, which offers digital printing and document management technologies, had about 20,500 employees …
by confoundedinterest17 Nobody manipulates markets like The Federal Reserve! Nobody but The Fed. Here we sit with core inflation rate BELOW the current Fed Funds Target Rate (upper bound). So is it time to start withdrawing its more than ample monetary …
The state will be under a northwest flow today and that will keep most of Colorado dry and seasonal. Plenty of sunshine continues today but the winds will begin to blow. From the Divide east to the foothills they could …
Saudi Aramco (ARMCO) on Sunday cut the official selling price by $2/bbl from January levels to $1.50/bbl over Oman/Dubai quotes, the lowest in over two years. Prices in northwest Europe and the Mediterranean were reduced $1.50 to $2/bbl vs. the …
Staggering how abysmal the Chinese Outbound Tourism Recovery has been this far. Take Thailand International Visitor Arrivals for instance, and looking at the top 5 countries from where tourists flock to Thailand: – China is still 70% below 2019 levels– …
⚡️BREAKING Complete collapse of Operation Prosperity Guardian, after France, now Spain and Italy withdrew from this US-led naval alliance against the Houthis. This is a major blow to global posture of USA and the US must now confront the Yemenis …
by confoundedinterest17 You better think twice! Mortgage demand has fallen to its lowest level since 1995. Mortgage applications decreased 1.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week …