Independent thinking for complex markets and current events
HIMS stock takes a significant hit as CEO Andrew Dudum voices support for pro-Palestine demonstrators and actively invites them to apply for positions within the company, causing a stir in the market and raising questions about corporate alignment with political activism. NEW: HIMS stock is going flaccid after founder & CEO Andrew Dudum praised pro-Palestine …
The fast food industry is currently undergoing a major shift that is causing many layoffs for crew members and managers across the country. Many workers are losing their jobs as corporations try to cut costs, streamline operations, and adjust to changing consumer habits. This is happening across all sorts of fast food chains, including burger …
1) California hit 445,103 this week for continuing claims pic.twitter.com/SIWR07FrTO — WarnTracker 2.0 (@j77324) March 30, 2024 3) California lost 3,400 jobs last month. The new fast-food minimum wage goes into effect next week. I’m curious to see what impact it will have, if any. pic.twitter.com/kxbf8yEQ1E — WarnTracker 2.0 (@j77324) March 30, 2024 The top …
Canada Goose is shrinking its white collar headcount. The high-end outerwear company on Tuesday revealed that about 17% of its corporate workers would lose their jobs in the cuts. It amounts to approximately 915 jobs. The layoffs coincided with Canada Goose restructuring aspects of its management team. That included giving additional responsibilities to Chief Transformation …
by Chris Black This is a democracy. You just have to take it. They can do whatever they want to you. You can protest and they will just laugh. If you do more than protest, cops will kill you. The Senate voted 70-29 for a war bill that sends $100 billion for wars against Russia, …
A video features a young woman breaking down in tears due to her joblessness. She shares her experience of briefly securing a job, only to be laid off within a month. The ongoing struggle, she fears, is taking a toll on her mental well-being, pushing her to the brink. Tsinghua University in Beijing recently released …
Biden’s manufacturing boom is underway. But the jobs haven’t followed yet. The new manufacturing jobs tied to Biden’s investment plans are coming — but maybe not until after the election. President Joe Biden believes he’s got the U.S. on the verge of a boom time for American manufacturing. He just needs to convince voters to …
by confoundedinterest17 Hey Joe! Food inflation isn’t dead yet! The Biden Administration which motto should be “Make Crime Great Again!” with awful crime in big cities, and millions pouring over the border, not to mention providing jobs for foreign workers and not native born Americans, is likely breathing a sigh of relief as food inflation falling to …
The Empire State is considering relaxing qualifications for thousands of jobs to hire migrants who have legal work status in the US. New York officials are looking to create “transitional titles” to allow migrants who have received federal work authorization to work in the state workforce, according to a memo being circulated by the state …
The surge in Americans holding multiple jobs, surpassing recession levels, is a red flag for economic well-being. Despite government assurances of a soft landing, the reality is stark – many are compelled to juggle multiple jobs merely to make ends meet. This disturbing trend, reaching heights not seen since past recession onsets in 2000, 2008, …
by Michael If you haven’t lost your job yet, you should be very thankful. Artificial intelligence and robots are taking more of our jobs with each passing day, and there will be no end to this high tech invasion. Eventually we could get to a point where AI and robots can do virtually everything far …
President Biden’s push to increase the federal minimum wage to $15 an hour would cost more than 1.5 million jobs and drive up the cost of goods and services, the US Congressional Budget Office projected Monday. The nonpartisan federal agency also found that the “Raise the Wage Act” would see the federal deficit balloon to a …
Inflation in essential areas, including car insurance, car repair, transportation, rent, homeowner costs, and food away from home, far exceeds the 3.2% CPI headline rate, challenging the notion of a broader decline in prices and signaling an ongoing affordability crisis for consumers. While CPI inflation is at 3.2%, inflation is much higher in many basic …
by confoundedinterest17 President Joe Biden and his boss Barack Obama remind me of the legendary corrupt Chicago politicians First Ward Alderman Michael “Hinky Dink” McKenna and “Bathhouse” John Coughlin. And their love of “boodle” (a slang term money, gained (Biden family payoffs from foreign countries), or spent improperly (Obama shipping large pallets of cash to US enemy …
via Zerohedge: The shipping giant A.P. Moller-Maersk A/S reported a slide in profit and revenue for the third quarter, forcing the company to take a defensive position by eliminating upwards of 10,000 jobs as falling container rates and waning demand batter the global shipping industry, which could last through 2026. However, the shipper maintained its …
by j_stars The IWM ETF tracks the Russell 2000 Index, which is a market-cap weighted index of small-cap stocks. The fund has a expense ratio of 0.20%. Small business owners are struggling, despite claims of a thriving economy. Janet Yellen is (apparently) still on Mushrooms.
“Fantastic graphic showing that a record 447,000 Americans are now working 2 full-time jobs. Meanwhile, part-time employment has jumped by nearly 1.2 MILLION since June. The number of Americans working 2 full-time jobs is now ~33% higher than it was in 2008. Americans are taking on multiple jobs to fight inflation.” It's unusual to see …
by Chris Black All computer programmers, all journalists and writers, even most doctors and lawyers, are out of jobs. College was always a goofy jerk-off. But being in college now is serious deck chairs on the Titanic type stuff. Everything is going to be done by machines, so people will be obsolete for any task …
by Chris Black It’s funny. All these companies supported “woke,” now they’re being forced to destroy themselves by hiring a bunch of retards. Daily Mail: Walmart has eliminated college degrees as a requirement for hundreds of its corporate roles. The retail giant said last week that it would get rid of ‘unnecessary barriers’ that prevent …
by PepeLives00 View post on imgur.com https://www.zerohedge.com/markets/inside-todays-jobs-report-885000-full-time-jobs-lost-offset-1127-million-part-time-jobs Biden is celebrating the new jobs report showing 336,000, but when you actually break it down, it’s terrible: 70,000+ are Gov’t jobs 151,000 are part-time Full time jobs actually went *down* 22,000 If someone has 2 part-time jobs, Biden counts that as 2 new jobs DC Math! pic.twitter.com/Q1tnCrmbAG …
by Chris Black I think we’ve already covered this topic, but it’s worth remembering that this country hates you. Western Journal: White people were seemingly passed over for jobs following the civil unrest of 2020 as major corporations gave more than nine out of 10 available positions to non-white applicants, according to a new report. …
LOL: Bob McManus: New York’s very serious City Council never fails to take up our most pressing issues… right? When the New York City Council gets its way, and Manhattan’s Columbus Avenue becomes Indigenous Boulevard, no more 1-year-olds will die of fentanyl poisoning at drug-front day-care centers in The Bronx. Right? Because everybody knows that the …
The cut in the money supply has been going on for a while… US Corporate Bankruptcies Are On The Rise https://t.co/bmTueOcLEx — zerohedge (@zerohedge) August 24, 2023 AC
The Biden administration has long promised that as it moves to shut down coal plants and restrict oil and gas drilling on public lands, workers in coal and petroleum industries would find new careers in the “green economy.” It doesn’t appear that’s happening. A new study by the National Bureau of Economic Research (NBER) finds …
The amount of money most workers want now to accept a job reached a record high this year, a sign that inflation is alive and well at least in the labor market. According to the latest New York Federal Reserve employment survey released Monday, the average “reservation wage,” or the minimum acceptable salary offer to …
by confoundedinterest17 Bidenomics is where the Attorney General Garland gives Hunter Biden blanket amnesty and arrests Biden’s Presidential opponent. Welcome to the United Venezuelan States of America!e The new regime talking points are out – namely that Fitch downgraded the US credit rating from AAA to AA+ on Tuesday because of MAGA Republicans and all …
by confoundedinterest17 The wheels are coming off the Bidenomics recovery. US job openings (JOLTS) keep declining as The Fed withdraws its Covid sugar splash of monetary stimulus and raise The Fed’s target rate. For those enthralled by the narrative that AI will cause a margin-busting corporate revolution as millions of well-paid, middle-management employees are replaced …
by confoundedinterest17 Bidenomics is a great marketing ploy where you have out of control Federal spending and magically decide to reopen the economy and school after Covid and focus only on jobs added after Biden was selected President and ignore the jobs added during Trump. Real gross domestic income (GDI) is a measure of the incomes …
by confoundedinterest17 The May jobs report is out and, under normal circumstances, would led The Fed to raise rates. But these are not normal times, my friends. The US economy (allegedly) added 339k jobs in May. That is the good news. The not-so-good news? A large diverengence between the Establishment survey and Household survey. +339k versus -310k. What’s it going to be? The bad …
