Independent thinking for complex markets and current events
ATLANTIC CITY, N.J. — Wind energy developer Orsted is writing off $4 billion, due largely to the cancellation of two large offshore wind projects in New Jersey whose financial challenges mirror those facing the nascent industry. It added fresh uncertainty to an industry seen by supporters as a way to help end the burning of planet-warming …
The plant never operated at more than a third of its total capacity in its 13 years since being built. Occidental Petroleum quietly sold off a carbon capture facility – the world’s largest — that was built into a natural gas processing plant in Texas, according to a Bloomberg Green investigation. The plant, called Century, …
via RT: The price offered by the British authorities for electricity generated by wind farms must be increased by up to 70%, according to the head of the country’s top power provider. Tom Glover, RWE’s UK Country Chair, has cautioned that without the hike, new wind parks will not be economically feasible. According to Glover, …
Canada likely sitting on the largest housing bubble of all time, per Phillip Colmar Read more: https://t.co/AFsqM8RLbe — unusual_whales (@unusual_whales) October 27, 2023 https://twitter.com/JToyts/status/1716938306368532953 Additionally, there's growing concern about the looming burst of a long-overdue #housing bubble in Canada. High household debt, home price-to-rent ratios, and the interaction between these factors and a potential housing …
A financial market of this magnitude behaving like a speculative penny stock due to a single individual’s tweet about closing a position is a concerning and unhealthy sign for its stability and reliability. https://twitter.com/RJRCapital/status/1716500529147212201 🚨BREAKING: BILL ACKMAN COVERED HIS BIG BOND SHORT! “There is too much risk in the world to remain short bonds at …
30 yr old Czech Billionaire just bought all factories of U.S. largest ammo producer! YT content producer gives his comments and concerns in light of the ever shrinking commercial ammo production to the general population. In this deal, factories for CCI, Federal, Speer, Remington, Heavy Shot, bought for $1.5BN. What’s more concerning is the buyer …
Shorting large cap tech stocks has been a losing trade for over a decade. It's unlikely that changes without a shift in market sentiment. It may really be that a few stocks driving the market is the new normal. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) October …
by TonyLiberty Microsoft is now accused of tax evasion and faces a $29 Billion tax bill from the IRS. This is one of the largest tax bills ever issued by the IRS. In particular, the IRS took issue with how the company “allocated profits … among countries and jurisdictions.” This suggests that the IRS believes …
by TonyLiberty The largest US Banks are facing their worst Bad loan write-offs in 3 years. (Bad loan write-offs are loans that banks have given up on collecting. When a bank writes off a loan, it takes the loss on its balance sheet) The increase in bad loan write-offs is a sign that credit quality …
via taxprof: Grand Canyon University News, Government Agencies Unjustly Targeting GCU (Oct. 4, 2023): Government officials associated with the U.S. Department of Education (ED), Federal Trade Commission (FTC) and under the authority of the Department of Veterans Affairs (VA) are coordinating efforts to unjustly target GCU in what appears to be retaliation for the university filing an …
😳👇The Largest U.S. Healthcare Strike on Record Just Began https://t.co/94YMYtF5hp — Win Smart, CFA (@WinfieldSmart) October 5, 2023 via wSJ: More than 75,000 nurses, pharmacists and other employees of the Kaiser Permanente health system have stopped work in a dispute over wages and staffing.
The Harris Ranch Tesla Supercharger station is an impressive beast. With 98 charging bays, the facility in Coalinga, California, is the largest charging station in the world. In 2017, Tesla CEO said that all Superchargers in the automaker’s network were being converted to solar. “Over time, almost all will disconnect from the electricity grid,” Musk …
by absoluteunitVolcker TL;DR Largest ever healthcare workers strike could begin if a deal is not reached by midnight Saturday. Contract for 75,000 workers is set to expire. The union would like 6.5% raises first two years and 5.75% raises next two years. IMHO strikes across the country are evidence that the consumer is starting to …
Johnson Controls has been hit by a ransomware attack with a $51 Million dollar bounty being requested, over 27TB of internal data stolen, and all of their virtual machines encrypted. If you aren’t familiar with Johnson Controls, they are one by far the largest commercial and industrial building and PLC interface control company in the …
While EVs are all the rage with automakers right now (if not with their customers), their green bona fides have increasingly come into question over the past few years. SF Gate has a reminder that, when it comes to Tesla, pulling back the curtain even a little reveals all sorts of dirty secrets. The Harris Ranch Supercharger …
by Martin Armstrong Illegal aliens are pouring into America from the southern and northern borders. Cities have been destroyed, public places overrun, and local governments are wiping out their budgets to support these intruders. US citizens are beginning to clash with refugees, as was witnessed in Staten Island, NY, when people tried to prevent migrants from …
by Dismal-Jellyfish https://www.bls.gov/news.release/pdf/ppi.pdf https://data.bls.gov/timeseries/WPSFD4&output_view=pct_1mth The Acceleration of Inflation in the Second Half Has Begun, “Disinflation” Honeymoon Terminated The Consumer Price Index (CPI) jumped by 0.63% in August from July, the biggest month-to-month increase since June 2022. Annualized, this amounts to a red-hot 7.8%. This jump comes despite the still ongoing ridiculous monthly adjustment to the health …
The fight against inflation is still ongoing… OPEC just said that global oil markets will face a massive supply shortfall next quarter. They expect a supply shortfall of more than 3 million barrels per day. If OPEC is correct, it would result in the biggest inventory drawdown since 2007. Voluntary production cuts by OPEC… pic.twitter.com/9I1ZPWrzU8 …
Dr. Berg, the largest health influencer on YouTube (11m) is about to be shut down – due to YouTube's new partnership with the WHO. I used this man's advice to recently cure my friend @realIANTROTTIER of his heartburn by using apple cider vinegar. I recommend everything. pic.twitter.com/tdJYS70Zbb — Zach Vorhies / Google Whistleblower (@Perpetualmaniac) September …
via the-sun: The credit crunch is here. The middle class consumers are all tapped out. We will start seeing all sorts of small, medium and large businesses dying suddenly – No notice, shutting down all operations. Get ready for the economic collapse. It’s not just America, China is on thin ice too. Major food company …
Geologists have uncovered what they believe could be the world’s largest lithium deposit inside an ancient supervolcano along the Nevada-Oregon border in the US. Clay containing up to 40 million metric tons of the precious metal was identified throughout the 28-mile-long McDermitt Caldera – nearly double what has been found in Bolivia’s salt flats that …
Just one more brick removed from the Judeo Christian history & heritage that helped build this country into the greatest in history. The commies are doing all they can to destroy it all! Employees will now have to use paid time off to celebrate the December holiday. The change, announced August 31, will also let …
“As Canadian, I strongly believe that this country will face one of the biggest collapse in housing bubble. This government, speculators could try to delay it, but no one could stop it. The fact is here, and no one can deny ! History repeats itself, is chosen. It has begun!” As Canadian, I strongly believe …
The federal deficit is expected to nearly double this year, from about $1 trillion last year to $2 trillion for the fiscal year ending Sept. 30 Why it matters: There’s no precedent for deficits this large, as a share of the economy — outside war, deep recession or pandemic. The WashPost’s Jeff Stein reported Sunday on the stunning projected figure from the …
https://x.com/charliekirk11/status/1697273199057395894?s=46&t=T37mFTn9E_HUaxN1rB76Hw h/t EuphoricTrilby
We were higher now we are lower lol pic.twitter.com/2RCUYU1tLT — The Coastal Journal (@1CoastalJournal) August 29, 2023 Over the last 3 months, 2.55 million job openings have been filled. This is by far the largest 3-month decline in JOLTS on record. Despite an incredibly challenging economic situation, the job market remains strong. The Fed will …
🚨🇧🇾🇵🇱 Belarus Ministry of Defense: "The possibility of a direct military clash with NATO is becoming very obvious." pic.twitter.com/7dPOrkBxOj — Terror Alarm (@Terror_Alarm) August 16, 2023 h/t DOORBERT
There have now been 223,000 tech layoffs in 2023 and we are only 7 months in. That's 60,000 more tech layoffs than the entire year of 2022. pic.twitter.com/bcGE9hUdus — The Kobeissi Letter (@KobeissiLetter) July 30, 2023 "The Nasdaq is outperforming the Dow by more than 30% this year – the widest margin on record in …
SACRAMENTO, Calif. (AP) — The largest dam removal project in United States history is underway along the California-Oregon border — a process that won’t conclude until the end of next year with the help of heavy machinery and explosives. But in some ways, removing the dams is the easy part. The hard part will come …
– A heat wave continues to blast the Midwest, Northeast, and South through the end of the work week, forcing the largest US grid operator to declare a level one emergency for Thursday as tens of millions of people crank up air conditioners to escape scorching temperatures as summer in the Northern Hemisphere peaks. On …