Independent thinking for complex markets and current events
Global supplies of microchips that feature in cars and smartphones have been threatened after the US hurricane Helene forced the closure of a mine that is critical to production. Flooding and power outages caused by the hurricane have shut down mining and processing operations at Spruce Pine, a quartz facility in a remote area of …
California’s film and TV industry is facing a major crisis in 2024, with production levels plummeting. Series production dropped by 30% in the first quarter of 2024 compared to 2022, and on-location filming for reality TV in Los Angeles fell by nearly 57% in the second quarter. The industry, already hit hard by the pandemic …
From disinformation campaigns to soaring scepticism, plummeting trust and economic slumps, the global media landscape has been hit with blow after blow. World News Day, taking place on Saturday with the support of hundreds of organisations including AFP, aims to raise awareness about the challenges endangering the hard-pressed industry. – ‘Broken business model’ – In …
Nvidia stock (NVDA) rose more than 2% on Wednesday after an industry report projected “unprecedented” levels of investments in artificial intelligence, a bullish sign for the AI chipmaker. Consulting firm Bain’s annual technology report published on Wednesday projects that companies will need to make “unprecedented levels of investment” in technology infrastructure to stay on top …
A former employee of a nonprofit organ recovery group has claimed she was asked to harvest organs from a person who was still living – and then fired after airing her qualms to members of Congress. Nyckoletta Martin, 38, made the latter revelations Tuesday to the Wall Street Journal, describing how she was let go …
BREAKING: RFK Jr. just announced that on day one of Trump’s 2nd term, they will sign a national emergency declaration to begin the war against Big Pharma and food corporations to fight the chronic disease epidemic “We’re going to get the fluoride out of the water. We’re going to get the chemicals out of the …
Louisiana catches about 70 million tons of shrimp, but it’s not enough to meet America’s surging demand. Cheap imports make up 90% of what the US consumes, and most of it is farmed in countries like India using controversial tactics. Dock prices in Louisiana have fallen to compete. It’s left US shrimpers with a perfect …
The Federal Bureau of Investigation (FBI) issued a hacking alert on Tuesday warning that North Korea was aggressively targeting the cryptocurrency industry, using complex and elaborate schemes that render “well versed” cybersecurity experts vulnerable to attacks. North Korea is conducting “highly tailored, difficult-to-detect social engineering campaigns against employees of decentralized finance (DeFi), cryptocurrency, and similar …
Layoffs continue to grow in the tech industry Tech companies continued to cut jobs at a rapid pace in August 2024. More than 27,000 workers in the industry lost their jobs as over 40 companies, including big names like Intel, IBM, and Cisco, as well as numerous smaller startups, announced layoffs. To date, more than …
Steelworkers Vow to Keep ‘US Steel US Owned’ as Foreign Giant Gobbles Up American Industry Nippon Steel Corp. raised its capital commitment Thursday by more than $1 billion to spend on U.S. Steel plants amid entrenched political and labor opposition to the Japanese company’s nearly $15 billion acquisition of the iconic American steelmaker. Nippon Steel’s …
By Metal Miner Several countries, including Malaysia and India, have initiated anti-dumping investigations into cheap steel imports, primarily from China. India has become a net importer of steel, with a significant surge in imports from Vietnam. China’s steel industry is facing a potential crisis, with the possibility of increased exports exacerbating global trade tensions. Via Metal Miner …
Food executives told The Wall Street Journal that high inflation has driven up labor and raw materials costs and spurred price increases. They also said that healthy profit margins are needed to finance the development of new products. “We understand why there is this sticker shock and why it’s upsetting,” Andy Harig, a vice president …
Paramount Global announced on Tuesday it would be shutting down its TV studio, laying off thousands amid the industry’s uncertain future. The company announced that Paramount Television Studios will be shutting down later this week. In a memo to staff on Tuesday morning, president Nicole Clemens said the overall transformation in the industry has affected …
The federal government is sending billions of dollars of U.S. taxpayer money to four of the big six global advertising agencies, which include some of the leading architects of online censorship. These multinational corporations have spent much of the last decade demanding online censorship of “hate speech,” “disinformation,” and “harmful content” on social media platforms, all while …
15 years after Bitcoin was created, there are still few legitimate use cases. Today, Bitcoin and other cryptocurrencies are primarily used for financial speculation and to facilitate organized crime. The broader crypto industry, meanwhile, has been rocked by scandals, including the spectacular implosion of FTX and criminal charges against Binance. But crypto lobbyists still have …
via WSJ: U.S. prosecutors are cracking down on commercial mortgage fraud, a growing push that is sending shudders through the $4.7 trillion industry by raising questions about the numbers underpinning major property loans. Regulators and federal prosecutors say that property loans based on doctored building financials and valuations have been rising. This type of fraud …
The Daily Wire’s Editor Emeritus Ben Shapiro is set to testify to Congress on Wednesday for its hearing on the Global Alliance for Responsible Media, which is under investigation by the House Judiciary Committee for organizing its member organizations to work in coordination to demonetize disfavored news outlets. The Judiciary Committee’s investigation into GARM began …
https://twitter.com/GayBearRes/status/1806374707186344192 China’s giant solar industry, which has been at the forefront of renewable energy expansion, is indeed facing significant turmoil. The challenges it confronts are multifaceted, including supply chain disruptions, policy shifts, and international trade tensions. Let’s delve into the causes behind this situation: Supply Chain Disruptions: The COVID-19 pandemic has severely impacted global supply chains, …
Twenty years ago, there was a popular saying in China in the e-commerce industry, “There is nothing that can’t be sold.” Yet, today, twenty years later, e-commerce has become the most difficult business to do…
Barely a week after the Industrial Union for Construction, Agriculture and the Environment (IG BAU) called off its strikes on May 28 and agreed a wage settlement, construction companies have announced 10,000 job cuts. German construction industry announces 10,000 job cuts after union cancels strike https://t.co/0ypH5EmHt1 — Gregory A. Butler (@GREGORYABUTLER) June 12, 2024 AC
The global trade war is well under way. The European Union on Wednesday announced tariffs of up to 50% on electric vehicles from China, just days after Turkey imposed new tariffs on imports. The U.S. increased its own tariffs a couple of weeks ago. It is also the clearest sign yet that so-called decoupling isn’t …
A surprise appearance at the Capitol. 50 Cent met with House members from both sides of the aisle. @50cent is there to boost opportunities for Black entrepreneurs and to promote more Black inclusion in the liquor and music industries. CC: @AriMelber pic.twitter.com/mZnDsCy8OH — MS NOW (@MSNOWNews) June 5, 2024
The Japanese auto industry is shaken by a new scandal after Toyota, Mazda, and Yamaha have been discovered to have faked their safety data. Deliveries of six models, including three manufactured by Toyota, have been halted. This is the second safety-related scandal affecting Toyota after revelations in December 2023 that its vehicles have not been …
Pennsylvania could be at the center of America’s new ‘white gold rush’ with the discovery of a major untapped source of lithium in the state. Government scientists have shown that they can filter the precious metal from the state’s shale gas wastewater: pulling tons of lithium per day, with little left behind. They concluded that …
Even before the war in Ukraine, Russia was the world's largest producer/exporter of wheat. pic.twitter.com/uGhF5Bce4U — Denis Z 🇷🇺 (@todorov_denis) May 27, 2024
What he describes is also being seen in other nations too. Canada’s housing bubble is actually far worse right now than America’s was in 2008. All the signs seem to be pointing to the early stages of a worldwide Great Depression beginning to form. I lost my job in the ‘booming’ housing industry. I was …
Here is the list of the top leveraged banks. pic.twitter.com/tDrNb3kzIw — The Coastal Journal (@1CoastalJournal) May 12, 2024 Who didn’t see this coming? This is just getting started unfortunately. Almost $1 trillion of debt is rolling over in 2024 and needs to be refinanced at higher rates. Good luck with that. pic.twitter.com/my3e7stE1J — QE Infinity …
I feel fortunate to have grown up during a time before the internet and social media. Good luck to the next generation. The market cap for Match Group is $9B. Someone will build the AI-version of Match Group and make $1B+. I met some guy last night in Miami who admitted to me that he …
Green agenda proclamations rolled forth in North Carolina on Thursday with another visit by the vice president. Among the projects that can be assisted in the $20 billion grant awards through the Environmental Protection Agency are electric vehicle charging stations. Evidence of North Carolinians agreeing with the government’s shove, however, remains circumspect. More contextualized by …
