Independent thinking for complex markets and current events
The US-based chip giant Intel Corp is halting a $25 billion chip manufacturing project in Israel, Calcalist reported on 10 June. The Israeli news agency writes that Intel’s decision to stop the building of the multibillion-dollar factory after “Intel’s suppliers received in recent days notice of the cancellation of contracts for the supply of equipment …
A construction crew has left the streets in Oakland unpaved over crime in the city. Workers are refusing to continue repaving Oakland unless the city can create a less dangerous working environment. Welcome to the 3rd world. pic.twitter.com/VJUoafZjfi — End Wokeness (@EndWokeness) June 5, 2024 It appears that a construction crew in an East Oakland …
Beijing has halted US beef imports from JBS SA’s meat processing plant in Greeley, Colorado, after detecting traces of ractopamine in the beef intended for China. Brazil-based JBS, the world’s largest beef producer, wrote in a statement, “We’re working diligently with US and Chinese authorities to resolve the situation as soon as possible.” Bloomberg said …
President Joe Biden says he will not be providing Israel with any offensive weapons to aid with its expected invasion of Rafah. FOX 5 NY’s Lissette Nuñez has the details.
(Bloomberg) — Turkey stopped all trade with Israel as of Thursday, according to two Turkish officials familiar with the matter, adding to already high-running tensions between the once-close allies over the war in Gaza. The move expands last month’s restriction on some Turkish exports to Israel, as President Recep Tayyip Erdogan steps up criticism of …
A viral video of a Tesla Cybertruck owner explaining a problem with his accelerator pedal has piqued the interest of a federal vehicle safety agency. The incident comes as Tesla has paused deliveries of its Cybertruck without offering much of an explanation. The chain of events began Thursday when Jose Martinez said he was driving his six-day-old …
NEW – Largest US fresh egg producer halts production at Texas plant after bird flu found in chickens; about 1.6 million laying hens and 337,000 pullets were culled — NBCDFW — Disclose.tv (@disclosetv) April 2, 2024 The largest producer of fresh eggs in the U.S. said Tuesday it had temporarily halted production at a Texas …
“The rules aim to standardize climate-related company disclosures about greenhouse gas emissions, weather-related risks and how they are preparing for the transition to a low-carbon economy.” Fifth Circuit stays the SEC climate disclosure rules "The rules aim to standardize climate-related company disclosures about greenhouse gas emissions, weather-related risks and how they are preparing for the …
by confoundedinterest17 Another Biden program bites the dust, this time his big push to encourage everyone to buy an electric vehicle (EV). Meanwhile, Biden keeps going on vacation (as if he REALLY cares about middle America). Cars and light trucks are seeing declining YoY sales in January (-0.7%) as M2 Money growth remains negative. Automotive News was the …
A key Chinese bank used by Russian importers has stopped all settlements with Russia, setting the stage for a “logistics collapse” in the coming weeks, the business daily Vedomostireported Wednesday, citing anonymous businesspeople and financial consultants familiar with the matter. Chouzhou Commercial Bank, which became the main transaction channel for Russian importers after the invasion …
by jab136 I was just compiling my Limit halt data, as I do every day (download an excel from https://www.nyse.com/trade-halt, then copy the data to my spreadsheets). I noticed that there were two separate banks that had volatility halts today, went and checked the tickers and they fell dramatically. my spreadsheet data PNBK (Patriot National Bancorp) …
A fire caused by lithium-ion batteries shut down GM’s Factory Zero in Detroit Tuesday. Heavy smoke spread through the 4.5 million square-foot plant causing firefighters to call for additional alarms, WDIV reported. https://www.firehouse.com/operations-training/video/53081055/lithium-ion-battery-fire-halts-production-at-detroit-gm-plant h/t Coastie Patriot
In a statement to 9to5Mac, Apple has announced that it will soon halt sales of its flagship Apple Watch models in the United States. The Apple Watch Series 9 and Apple Watch Ultra 2 will no longer be available to purchase from Apple starting later this week. The move comes following an ITC ruling as part of a …
by Chris Black The Red Sea is the eastern funnel into the Suez Cannel, and accounts for about 22% of the international container trade (https://www.insurancejournal.com/news/international/2023/12/06/750961.htm) and about 10% of the global oil trade. That Maersk is pausing all Red Sea voyages is significant because they operate (https://www.statista.com/topics/9607/ap-moeller—maersk-a-s/#topicOverview) 15.3% of the global container ship fleet, taking …
by Chris Black This was obvious from the beginning: if the US was going to demand countries to pass pro degeneracy laws, countries are just going to make deals with the Chinese, who don’t put sexual stipulations on trade deals. What is truly amazing is that Americans couldn’t figure it out, and are now shocked …
Oct 17 (Reuters) – The U.S. unit of cryptocurrency exchange Binance has halted withdrawal of dollars by its clients from the platform, its updated terms showed on Monday. In early June, Binance.US had halted dollar deposits, after the U.S. Securities and Exchange Commission (SEC) asked a court to freeze its assets. https://www.reuters.com/article/fintech-crypto-binance-withdrawal/crypto-giant-binances-us-affiliate-halts-direct-dollar-withdrawals-idUSL4N3BN371
The jump in various food commodity prices is not entirely due to inflation. However, rising food prices certainly are contributing to the ongoing issue. It truly is a unique time to be an investor/trader. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) October 5, 2023 https://t.co/sLpTGRJBZU — Win …
Here we go, folks…. How many Americans now almost all of the processed uranium used in US Nuclear Plants comes from Russia? And that we destroyed our own Uranium Processing ability years ago? The only Uranium Enrichment plant in America is the Y-12 facility in Oak Ridge, and that is only for military purposes only, …
🚨🚨🚨FLASH FLASH FLASH: Russia halts all exports of gasoline and diesel!!! pic.twitter.com/TSdXWXx5kS — US Homeland Security News (@defense_civil25) September 21, 2023 Russia Temporarily Bans Diesel and Gasoline Exports Russia is a major supplier of diesel to the global market Government has been weighing how to curb surging fuel prices Russia temporarily banned exports of diesel …