Independent thinking for complex markets and current events
Major furniture chain Badcock to shut all its stores after 120 years https://t.co/LzyqaUMB1v pic.twitter.com/MoPqq4u9F6 — New York Post (@nypost) August 1, 2024 A 120-year-old furniture chain will shutter all 380 stores after its parent company filed for bankruptcy — the latest brick-and-mortar business to buckle from high overhead costs and massive debt. Badcock Home Furniture …
by Michael What in the world has happened to our military? When I was growing up, I was proud that my father was an officer in the U.S. Navy. At that time we possessed the most powerful military in the entire world by a wide margin, and as a result nobody wanted to mess with …
by Michael The past couple of weeks have truly been historic. Take a moment and just consider some of the major events that we have witnessed. Donald Trump got shot, Joe Biden dropped out of the race for president, and Kamala Harris quickly became the new presumptive nominee. It is hard to remember a time when so much has happened …
Police have set up riot fencing around the Watergate Hotel in preparation for Israeli Prime Minister Benjamin Netanyahu’s visit to Washington. pic.twitter.com/XYsQWE9Wfl — Andrew Leyden (@PenguinSix) July 21, 2024 AC
As of now, there hasn’t been a record number of bankruptcies among companies with assets above $50 million. The Bloomberg Bankruptcy Index, which considers both the size and number of bankruptcies, remains relatively low. This suggests that while smaller companies, particularly in the mortgage and real estate sectors, may be struggling, larger financial institutions have …
Amajor malfunction occurred at the Rostov Nuclear Power Plant in Russia. Power outages have already started in several populated areas and also affected occupied Crimea, reports the Russian Ministry of Energy. “In the energy system of southern Russia, due to a malfunction in the generating equipment at the Rostov Nuclear Power Plant and under conditions …
An unnamed photo editor at a major news outlet believes it is “dangerous” for the media to highlight the historic photo of former President Trump standing tall after the assignation attempt Saturday, calling it “free PR” for the Trump campaign, according to a report. An Axios media trend assessment on Tuesday argued that the “overuse” …
View post on imgur.com President Joe Biden’s campaign has already suffered a major slowdown in donations, and officials are bracing for a seismic fundraising hit, with the fallout from a debate nearly two weeks ago taking a sizable toll on operations, according to four sources close to the re-election effort. “It’s already disastrous,” one of …
IS THE US LABOR MARKET STRONG? Nothing could be further from the truth Number of unemployed Americans for 27 weeks & over SKYROCKETED by 36% year-over-year in June This is 6th straight month of increased Every time it jumped so much in the past, a recession in the US occurred pic.twitter.com/RDOcOvSNZu — Global Markets Investor …
CNN CEO Mark Thompson told staff Wednesday that its first digital subscription product will launch this year, and that it is exploring a “strategic push into AI.” Layoffs will once again hit CNN as the cable news channel reorganizes in a push to expand its digital businesses. CNN CEO Mark Thompson outlined his digital vision …
You know what does it mean and what politicians will do 👇🏻 pic.twitter.com/LM36umi7CK — Michal (@michal_1979) July 6, 2024 It works only as long as demographics are stable, which is not the case in Europe — Michael A. Arouet (@MichaelAArouet) July 6, 2024 Population Growth and Aging: On January 1, 2023, the European Union (EU) …
Get your preps in place peeps. Beryl came off Yucatan in good shape. Hurricane Hunters checking her health now. Gulf of Mexico is supercharged with hurricane fuel. There’s a bad moon rising. Stay tuned for updates. The ICON has been locked in to a solution taking Beryl right at Galveston/Houston metro as a major hurricane …
Was just sitting here on the Texas Coastal Bend assessing whether or not our local government paid the yearly hurricane avoidance bill. It doesn’t look promising… https://twitter.com/MattWallace888/status/1809288590431605120 HEADS UP! Hurricane Beryl expected to emerge over the Gulf of Mexico this evening. Hurricane and Storm Surge Watches issued for portions of northeastern Mexico and Texas. #HurricaneBeryl …
A prominent insurance provider has aired an ultimatum to the entire state of California. The firm, State Farm General, asked the state’s Department of Insurance Thursday to let them raise residential insurance rates for millions of citizens, or see them move out. The move indicates financial trouble for the insurance giant, which currently covers homes …
State Farm General is seeking to dramatically increase residential insurance rates for millions of Californians, a move that would deepen the state’s ongoing crisis over housing coverage. In two filings with the state’s Department of Insurance on Thursday signaling financial trouble for the insurance giant, State Farm disclosed it is seeking a 30% rate increase …
A preliminary M7.2 earthquake struck off the coast of Peru early Friday and was felt as far as the capital, Lima, about 600 miles away.pic.twitter.com/LNF1xK5rWU — Massimo (@Rainmaker1973) June 28, 2024 On June 28, 2024, a 7.2 magnitude earthquake struck southern Peru. The epicenter was 8 kilometers (5 miles) west of Atiquipa, which is south of the …
Nautilus Holdings Ltd, a Bermuda-chartered company that leases container ships, filed for Chapter 11 bankruptcy protection in New York. The company, burdened with approximately $770 million in debt, sought this protection to bring creditors into a single forum for negotiations. Nautilus operates a fleet of 16 container ships, each with capacities of up to 7,000 …
Main train bridge connecting Iowa and South Dakota collapses due to flooding 🛤 🇺🇸 : #UPDATERail bridge collapses, severing tie between South Dakota and Iowa.South Dakota Gov. Kristi Noem said at a news briefing Monday that the bridge was the main rail link from her state into Iowa. 📎 AF Post pic.twitter.com/XldTJt5OLb — OSINT Expert …
America’s federal lands were set to be listed on the stock exchange before the proposed rule was yanked Your government was fixing to auction off your real estate—including national parks, farmlands, precious ecosystems, and natural resources—to the highest bidder. According to a recent report by Elizabeth Nickson, the highly-credentialed journalist behind the Welcome to Absurdistan …
The current economy is putting many businesses on the brink, and Costco is no exception. Execs seem deeply worried about the company’s performance in recent months because sales have been weakening all across the board. Even though buying in bulk can save consumers’ money down the line, for many, shopping in big quantities isn’t making …
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…
IRS moves to end another major tax loophole and raise $50 billion in the process as they zero in on one group of Americans – here is who they are targeting The IRS has set its sights on what it says is $50 billion of missing tax revenue lost to wealthy people shifting their assets …
Going into this past week, the highest Nvidia daily call volume was 5 million set in March of this year. This past week, it surpassed that record four times. The highest call volume on record was Friday, almost 10 million. I think we're seeing PEAK AI. pic.twitter.com/Uy36eqjJ5N — Mac10 (@SuburbanDrone) June 16, 2024 https://twitter.com/MichaelAArouet/status/1802658401056367089 Core …
Major flood due to heavy rains in the city of Naha in the Kyushu region, #Japan 🇯🇵 (14.06.2024) Disaster_News pic.twitter.com/ynQC1MC4Ta — Jack Straw (@JackStr42679640) June 14, 2024
One contractor is no longer advocating that people get heat pump water heaters until the problems are fixed. After losing about $13,000 to repair clients’ defective water heaters, he stopped offering a warranty on labor. In April, the Biden administration finalized efficiency standards for residential water heaters, as part of a broader climate goal of …
by Michael Every night, huge groups of young people are literally taking over streets in large cities all over America. In many cases, major intersections are completely blocked off for stunts and dangerous competitions involving vehicles. These events are called “street takeovers”, and they are often accompanied by theft, violence and other acts of crime. You …
The impact of the pandemic on downtown areas has been significant. According to data collected by the University of Toronto School of Cities, as of the fall of 2022, many major population centers in the U.S. and Canada still recorded much less activity than before the pandemic. Let’s break it down: San Francisco: Cell phone …
by Michael If the economy is fine, why are so many signs of trouble erupting all around us? Those that keep insisting that the U.S. economy is heading in the right direction conveniently ignore the very troubling facts and figures that I regularly share with my readers. When you take an honest look at the cold, …
Marine Le Pen’s National Party has soundly defeated French President Emmanuel Macron’s party in the French EU Elections. 🚨Breaking News: Marine Le Pen’s National Party has soundly defeated French President Emmanuel Macron’s party in the French EU Elections. Le Pen’s party won 34% of the vote while Macro’s party received just 15% pic.twitter.com/UVWfYDTx35 — The …
Canada and EU has already cut rates this year The global economy awaits the most coordinated easing since the Great Financial Crisis. 10 out of 11 major central banks are expected to cut rates in the second half of 2024, the most banks in 16 years.👇https://t.co/4SILXocj5M — Global Markets Investor (@GlobalMktObserv) June 8, 2024 Today's …