Independent thinking for complex markets and current events
Inmates at a penal colony in southern Russia’s Volgograd region have taken several prison guards hostage, prison authorities said Friday, with at least one person reported killed. A spokesperson for Russia’s prison service told the RIA Novosti news agency that the inmate uprising took place at the IK-19 Surovikino penal colony, located around 120 kilometers (74.5 miles) …
Since a lot of people have asked, here goes a super unscientific poll … Who will you vote for? — Elon Musk (@elonmusk) August 20, 2024 h/t WyatteSmith
Equities saw largest fragility shock on record… From @dailychartbook pic.twitter.com/kobmFd70EQ — Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) August 20, 2024 Hedge Funds are net bearish on commodities for the first time since 2016. Incredible timing. Right when commodities are starting to outperform. The fund flows rotation will be epic and drive commodity prices/stocks so much …
China’s economy has gone flat, and every effort the Communist government has made to pump it up has either failed or barely moved the needle. The Chinese go-go economy of the early years of this century has taken a tumble. The 8% growth from 2010-20 is about half that today at 4.75%. The pandemic was …
Fire breaks out at nuclear plant after Ukrainian attack – governor (VIDEO) The Zaporozhye facility has been put into cold shutdown as a precaution while emergency workers fight the blaze The Zaporozhye Nuclear Power Plant (ZNPP), the largest such facility in Europe, has caught fire after being shelled by Ukrainian forces, the governor of Russia’s …
Largest Black Hole ever discovered compared to our solar system. pic.twitter.com/gNL6wPQnhj — Curiosity (@CuriosityonX) August 9, 2024 NASA simulates plunge into a supermassive black hole.. pic.twitter.com/Qjhm456u5g — DaVinci (@BiancoDavinci) August 9, 2024 It's 17,000 light years away.. pic.twitter.com/t9jeS9YdSE — World Uncovered (@worlduncovered_) August 9, 2024 h/t DOORBERT
The American restaurant industry, once dominated by well-established chains that appeared immune to economic ups and downs, is now undergoing a significant transformation. In recent years, a trend known as the “restaurant apocalypse” has been causing numerous closures, bankruptcies, and financial challenges. Long-time favorites like Burger King, Wendy’s, Boston Market, Red Lobster, and Popeyes face …
NEW YORK, July 25 (Reuters) – Computer-driven macro hedge fund strategies on Wednesday sold $20 billion in equities and are set to shed at least more $25 billion over the next week after the stock rout, in one of the largest risk-unwinding events in a decade, Morgan Stanley said in commentary to institutional clients on …
California’s largest wildfire of the year has burned an area larger than the size of the city of Phoenix, destroyed dozens of buildings and forced thousands of residents to flee their homes as wildfires wreak havoc in the Western United States. Meanwhile, homes and businesses in a popular Canadian resort town were incinerated as a …
Now trains are hit in Crowdstrike outage as ticket machines and scanners go down at London stations on one of year’s busiest travel days – while families queue at Dover and 28,000 Brits battle to fly home with another 45 UK flights axed today Travel disruption is continuing today as trains are hit in Crowdstrike …
Google is in advanced talks to acquire cybersecurity firm Wiz for $23 billion, The Wall Street Journal reported Sunday, citing people familiar with the matter. The people familiar told the Journal that a deal could come soon. If completed, the deal would be Google’s largest ever acquisition. Google is in advanced talks to acquire cybersecurity …
President Joe Biden has allocated millions of taxpayer dollars to support White House staff since the 2021 fiscal year. According to federal records, Biden’s administration spent a substantial $225 million on the White House payroll during his first four years in office. This figure represents the largest payroll expenditure since the Nixon era, with a total of …
This is the president of the nation's largest teachers union. Insane. pic.twitter.com/jepTF9jxEr — Corey A. DeAngelis, school choice evangelist (@DeAngelisCorey) July 7, 2024 HAIRDON'T? The unhinged teachers union president, Becky Pringle, spent $8,500 of NEA union dues on three days of hairstyling. h/t @DeAngelisCorey pic.twitter.com/zrf7mkNrzH — @amuse (@amuse) July 9, 2024 The unhinged teachers union …
A portion of the 226m (741 feet) long dike surrounding the lake in Huarong County, Yueyang City, Hunan Province, collapsed at around 5 PM. The collapsed section was approximately 220m (722 feet) long. Chinese President Xi Jinping instructed to do everything possible to protect the lives and property of the affected residents. He was out …
THIS IS REALLY CONCERNING: Japan households spending declined in the last 14 out of 15 months. Meanwhile, Japan's GDP shrank at an annualized pace of 2.9% in Q1 2024, rose slightly by 0.1% in Q4 2023 and contracted by a whopping 4% in Q3. 3rd largest economy is in a recession. pic.twitter.com/FgF9ZKzkkQ — Global Markets …
The value of San Francisco’s two largest hotels has plunged by $1 billion, with the city’s hospitality industry trailing the nation. The 1,024-room Parc 55 and the 1,921-room Hilton San Francisco Union Square are worth a combined $553.8 million, 65 percent less than their appraised value in 2016 of $1.56 billion, the San Francisco Business …
Let’s dive into the affordability of median-priced homes in US metro areas. 2024 Affordability: More than 90% of metro markets (205 out of 221, or 93%) saw home price gains in the first quarter of 2024. The 30-year fixed mortgage rate ranged from 6.60% to 6.94% during this period. Thirty percent of the tracked metro areas experienced double-digit price gains, up from …
In March 2021, a brazen armed robbery took place at an upscale restaurant in Beverly Hills, California. The incident involved three gang members who targeted a man wearing a $500,000 Richard Mille watch. As the victim sat in the outdoor dining area of Il Pastaio restaurant, the robbers held him at gunpoint. During a struggle for …
Niger has withdrawn the operating permit of the French state-owned company Orano for the Imouraren uranium mine, one of the largest in the world for the mineral used to make fuel for nuclear power plants, in a context of strong tensions between Paris and this African country. In a statement published on Thursday, Orano indicates that it …
https://twitter.com/GayBearRes/status/1802451948626415808 The number: California is suffering from the nation’s second-biggest drop in job openings since the Federal Reserve began hiking interest rates two years ago. The source: My trusty spreadsheet looked at job openings for the 50 states and Washington, D.C., for March – the latest available – and compared them with March 2022. The why: The Fed …
The Russian economy has overtaken Japan to become the fourth largest in the world in PPP terms (purchase power parity), according to revised data from the World Bank released at the start of June. As bne IntelliNews reported in August, Russia had already overtook Germany to become the fifth biggest economy in adjusted terms. Hit …
Japan 🇯🇵 just sold $17 billion worth of Foreign Debt, the largest sale in 9 years pic.twitter.com/0PGOst9UET — Win Smart, CFA (@WinfieldSmart) June 13, 2024 Japan recently conducted a significant debt sale, marking the largest such sale in nine years. Here are the key points: Japan sold $17 billion worth of foreign debt. This sale …
A Toyota subsidiary will shut down its largest auto parts plant in the U.S. over concerns about a difficult path to “sustainable profitability.” Hino Motors Manufacturing U.S.A. opened the facility in Marion, Arkansas, in 2006, making truck frames and axles for Hino commercial vehicles as well as for its Toyota parent. It is by far …
Chicago police tweak mass arrests policy ahead of Democratic National Convention https://t.co/tKtqcVDoyn — NBC Chicago (@nbcchicago) June 4, 2024 snelling says police are training for “large scale first amendment activity” with an emphasis on “constitutional policing.” “the chicago police department does a great job learning from the past,” he says. “our officers will be prepared …
The Federal Trade Commission is building a lawsuit against the largest American alcohol distributor, Southern Glazer’s Wine and Spirits, sources told CNBC. The suit could be filed in a matter of weeks. The FTC’s case would likely allege that Southern Glazer’s Wine and Spirits has been providing “secret kickbacks” to large retailers and violating an …
This is fine… Source: https://www.fdic.gov/news/speeches/fdic-quarterly-banking-profile-first-quarter-2024 h/t skeletor00
The number of NEW single-family houses for sale has surged to 480,000 in April, the highest since the 2008 Financial Crisis. Excluding the 2008-2009 housing crisis this is by far the largest supply of new homes in US history. Here’s the FRED chart in case anyone questions the veracity of the chart: https://fred.stlouisfed.org/series/HNFSEPUSSA New home …
A massive fire broke out at a poultry farm in Southern Illinois. One of the largest free-range egg facilities in the country starting burning last night. Millions of chickens dead. Millions of eggs gone. There wasn’t any determination of what may have caused the fire.… pic.twitter.com/hNKcShIJH3 — Shadow of Ezra (@ShadowofEzra) May 30, 2024 Firefighters …
The United States is hurtling towards a financial disaster, with interest costs on its national debt projected to hit an unprecedented 4% by 2034. This surpasses the previous records set in the 1990s and even the astronomical levels seen during World War II. It would represent the highest level of interest payments in modern American …
The financial system of the United States has been a symbol of strength, resilience, and stability for a long time, which has supported the nation’s economic power on the global stage. However, recent revelations and increasing evidence suggest that the country’s largest banks are on the brink of a severe crisis. This crisis is so …