Independent thinking for complex markets and current events
Everyone is pouring on the coal and running things as fast and hot as they can. by David Haggith The captains of industry are giving it all they’ve got, and inflation is heating up. So much for recession. US manufacturing activity just soared to its highest since 2022 upon strong sales, but is this a boom …
Microsoft crossed the $4 trillion market cap mark after reporting a strong quarter driven by cloud growth and AI adoption. The company’s revenue rose 12% year-over-year, underscoring its grip on enterprise software and cloud infrastructure. This milestone puts Microsoft in rare company alongside Nvidia, confirming its dominance. Market watchers caution that valuations this high carry …
JPMorgan Chase announced last week that a refresh of its Sapphire Reserve — the travel and dining rewards card that went viral when it arrived in 2016 — was imminent. In response, American Express on Monday said that “major” changes were coming to its consumer and business Platinum cards later this year. The expectation among …
by David Haggith The moves are not big yet, but there are good reasons for that, and they are all in the wrong direction. According to the Bureau of Economic Analysis, real GDP just went from a positive 2.4% annual growth rate to -0.3%. It will, of course, take two consecutive quarters of the “growth” rate …
India-Pakistan Border Heats Up as India Makes Diplomatic Push Tensions along the Line of Control (LoC) have continued to rise, with both India and Pakistan repositioning artillery and aircraft and exchanging fire at the border. Both sides appear to be positioning for potential… pic.twitter.com/00tjAdg2nB — Drop Site (@DropSiteNews) April 27, 2025 Amid growing fears over …
The dreaded stagflation. Govt spending can’t cure it. The only fix is to purge the economy with fire and let bloated businesses go bust which no govt will allow to happen. So they’ll fight it with even more debt and only make the final result worse. h/t Perfect_Alarm_2141
