Independent thinking for complex markets and current events
California faces a record $68 billion deficit — here’s what is eating away at the Golden State’s coffers. California has also lost residents and businesses — and therefore, tax revenue — in recent years. The Golden State’s population declined for the first time in 2021, as it lost around 281,000 residents, according to the Public …
Twitch, the popular video streaming service, plans to shut down its business in South Korea on February 27 after finding that operating in one of the world’s largest esports markets is “prohibitively expensive.” Twitch CEO Dan Clancy said the firm undertook a “significant effort” to reduce the network costs to operate in Korea, but ultimately …
Brandi Mallory, who made a name for herself after being featured on Extreme Weight Loss in 2004, has died. She was 40. A cause of death was not given. Along with being part of the popular reality show, Mallory was a makeup artist and dancer. Per Entertainment Weekly: “Mallory was featured on the fourth season …
Six months ago, when looking at Michael Burry’s Q1 13F which in turn followed just a few months after the famous permabear admitted he had been wrong to urge his followed to sell… … we found that the Big Short had continued the trend of rapidly rotating his entire portfolio and in the first quarter, Burry …
Bank of America $BAC has a $130 billion unrealized loss on their balance sheet and only has $29 billion in income in the last 12 months. pic.twitter.com/MC6LY3ET2F — Kevin Malone (@Malone_Wealth) November 8, 2023 WSJ: Big Banks Cook Up New Way to Unload Risk “U.S. banks have found a new way to unload risk as …
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 …
Toyota’s chairman and former CEO, Akio Toyoda, has long been a skeptic of the electric vehicle hype train—it was a big reason he stepped down from the top job at the Japanese carmaker earlier this year. Now, he can finally say, “I told you so.” With Elon Musk’s Tesla reporting disastrous third-quarter earnings last week, …
by Chris Black It was totally insane to put these on the market. Taking a drug for weight loss is like taking a drug for driving too fast. Like, imagine taking a drug to change a behavior. Of course it’s going to be unsafe. Turns out that Big Pharma's weight-loss drugs Ozempic and Wegovy can …
via fortune: Come September, retailers are expected to begin reallocating the limited shelf space by relying on sales data from the preceding months. In Bud Light’s case, that could mean a diminished presence going forward following the controversy over its brief partnership with a transgender influencer, according to Anson Frericks. A president of sales and …