Independent thinking for complex markets and current events
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 behind this slide include signals from the U.S. Federal Reserve about maintaining elevated interest rates …
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% exp). This left home sales down 2.8% YoY (YoY sales have not increased since July …
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 flow https://twitter.com/ClaytonS537144/status/1797312636352451013 https://twitter.com/ClaytonS537144/status/1797318530872025551
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 was that the footage they showed alongside Jarrett of a hysterical Trump supporter who could …
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 50.4 in April. This is below analysts’ forecasts and under the 50 threshold that divides …
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 low of 35.4 which was not only below the lowest estimate, but was staggeringly low. To …
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 transformative agenda (e.g., open borders, wealth redistritution, green energy) that Biden has attempted to continue. …
#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 flats have been scrapped. Commissioner of Inland Revenue Tam Tai-pang said on Thursday he expected …
“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 ,when he looked out the window of his oceanfront home in Belle Harbor, Queens.” The …
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 quarter, marking its sharpest drop since 2012. This setback, attributed to ongoing price reductions and …
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 life of the plane to 2088. In 2023, the average F-35A was only mission capable …
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 circle, history tells us to expect a 50% drop on the #SPX. It makes a …
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 than $950 apiece. The stock closed at a price of $853.54 on Tuesday, down 2% …
🍿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 🏊♂️ (@DarioCpx) April 5, 2024 Banks don't keep all their cash in a vault – they …
– 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 places to see it. The Ontario city has the same name as Niagara Falls, New …
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 large influx of people coming to observe the total solar eclipse. More than a million …
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 that as a conservative American I am considered extreme by the Biden Administration. Unfortunately, Biden, …
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 of last year, 34 of the top 50 Chinese property… pic.twitter.com/owUbTR8RjW — Reef Insights (@ReefInsights) …
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 its birthrate – already the world’s lowest – fell to a new record low in …
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 disapprove. Pollsters also discovered low ratings for Biden’s handling of several key issues facing the …
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 provided some details about outlook for the current quarter that suggested weakness in iPhone sales. …
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 is driving it – now at a record high! Source: Bloomberg And on the back …
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 as of Dec. 31, 2022, according to a filing with the U.S. Securities and Exchange …
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 stimulus. Like the Bank Term Funding Program. The Federal Reserve is likely to retire the …
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 gust as high as 65 mph. Those winds will weaken as they gust to 30 …
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 ICE Brent crude benchmark compared to January prices. On the other hand, U.S. oil production …
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– While Malaysia is up 3%… pic.twitter.com/4Uys596tB8 — Smartkarma (@smartkarma) January 2, 2024
⚡️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 with mighty Bahrain and the… pic.twitter.com/l4V3HhWxRi — Iran Observer (@IranObserver0) December 23, 2023 🚨🇫🇷 Just …
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 ending December 15, 2023. The Market Composite Index, a measure of mortgage loan application volume, …