Independent thinking for complex markets and current events
Big tech has used voluntary retirement and buyout programs during prior efficiency cycles and post boom adjustments. Translation: ‘You’re not fired, you’re ‘involuntarily retired’ with a nice package.’ AI doesn’t need pensions. Smart cost-cutting before earnings. Microsoft plans first-ever voluntary employee buyout for up to 7% of U.S. workforce Microsoft will offer voluntary buyouts to …
The end of network news is finally here. This is what it looks like, folks. Plus, the DOJ just jailed the ‘Pentagon leaker’ in a move that may help quell the criticism of Pam Bondi amid suggestions that former Fox News host Jeannine Pirro is angling for Bondi’s job. Meanwhile, the White House reports that …
CA state retirement fund lost 71% of $468M put in clean energy, won’t say how. CETF losses show “the combined dangers of private equity and ESG investment — you have a very opaque investment choice that appears to have been chosen because of its green credentials, and yet it’s now generated a huge loss for …
BREAKING: An internal FBI inclusivity “Guide,” obtained by our team, counseled agents on “Ways to Manage Your Unconscious Bias,” “Micro-Inequities” and “How to Improve Your Inclusive Intelligence.” “The New IQ: Your Guide to Sustaining Inclusive Habits in the Workplace” was… pic.twitter.com/MmXUCcUWlW — Catherine Herridge (@C__Herridge) March 17, 2025 TLDR: FBI inclusivity guide promoted “managing unconscious …
Central banks have just engineered the worst crisis we've ever seen and now it's ready to go. By pulling the liquidity rug away they've set the stage for another crisis, all that's needed is the trigger/narrative. https://t.co/2RhyVZhH5c pic.twitter.com/tas2TgrN22 — Financelot (@FinanceLancelot) January 6, 2025 There goes the 10 year yield, climbing its way into the …
Where were the amplified automod tools and crisis management mode when reddit was full of people posting personal information of healthcare CEOs last month? Or when reddit got flooded with unfounded election conspiracy theories for the past two months? h/t King_in_a_castle_84
Citigroup 2024 Recap⚠️ -Subject to FINRA disqualification for aiding and abetting -Failed Stress Test after Fed identified "weakness" in Resolution (Bankruptcy) Plan-Fined for bad books/inability to manage "ongoing risk" Did I mention they have $30 Trillion in Swaps? pic.twitter.com/ej4JQmhQ3X — M.B. (@741trey) July 11, 2024 Stress Test Results (2024): Citigroup completed the Federal Reserve Board’s …
The Federal Bureau of Investigation (FBI) conducted an unannounced raid on the Atlanta headquarters of Cortland Management on Wednesday, May 22. This action marks a significant escalation in a criminal antitrust investigation by the U.S. Department of Justice (DOJ) into allegations of a nationwide conspiracy to artificially inflate apartment rents. At the center of this investigation is RealPage, a software and consulting firm accused of …
There are growing calls for Google CEO Sundar Pichai to step down. Me in 2017: Google needs a new CEO, but dumping Sundar Pichai is not enough: When a gigantic corporation that controls our data and knows us intimately takes a controversial political stance, it ought to make us worry. “Since its 1990s heyday, Silicon Valley has …
EU hypocrisy over Polish government attack on mediaDate 08/07/2011 • "The systematic attack by the current Polish Government on citizens and journalists who are critical of the current regime is outrageous," UKIP Leader Nigel Farage MEP said today in London, echoing the… — Hermann Kelly IFP (@hermannkelly) December 20, 2023 This audacious move by Poland’s …
https://web.archive.org/web/20230925112719/https://www.reuters.com/technology/sec-collects-wall-streets-private-messages-whatsapp-probe-escalates-sources-2023-09-25/ NEW YORK, Sept 25 (Reuters) – The U.S. securities regulator has collected thousands of staff messages from more than a dozen major investment companies, escalating its probe into Wall Street’s use of private messaging apps, said four people with direct knowledge of the matter. Previously, the Securities and Exchange Commission (SEC) had asked the …
BIG MONEY: CEO Gets $379 Million For Money-Losing EV Company. “Keep in mind that Lucid lost over $2 billion over the last year. Now, startups can take a while before they turn profitable, but paying the CEO of an unprofitable company hundreds of millions of dollars to boost the stock price of a money-losing company sounds awful …
HONOLULU (HawaiiNewsNow) – The embattled head of the Maui Emergency Management Agency has resigned effectively immediately amid sharp critiques of his handling of the wildfire disaster. Maui County Mayor Richard Bissen made the announcement in a news release Thursday. Administrator Herman Andaya cited “health reasons” in his resignation. https://www.hawaiinewsnow.com/2023/08/18/embattled-head-maui-emergency-management-agency-resigns-citing-health-reasons/ Head of Maui emergency management resigns …
DISCRIMINATION: A Citizen Journalist has revealed Best Buy is partnering with McKinsey & Company on a Management Training Program. The program is not open to white applicants. “Candidates must meet the [racial] requirements below” Any comment @BestBuy? pic.twitter.com/lxfivezCa6 — O’Keefe Media Group (@OKeefeMedia) August 8, 2023 The civil rights violation lawsuit should pay damned good …
Credit Suisse has been fined a record £87m by the Bank of England for “extremely serious” risk management failures. The bank, which was subject to a forced takeover by Swiss rival UBS earlier this year, fell “well below” regulatory standards in its dealings with private investment firm Archegos Capital Management, officials said. Credit Suisse lost …
by Dismal-Jellyfish https://www.federalreserve.gov/newsevents/pressreleases/files/enf20230724a1.pdf The Federal Reserve Board on Monday announced a consent order and a $268.5 million fine with UBS Group AG, of Zurich, Switzerland, for misconduct by Credit Suisse, which UBS subsequently acquired in June 2023. The misconduct involved Credit Suisse’s unsafe and unsound counterparty credit risk management practices with its former counterparty, Archegos …
by Dismal-Jellyfish Source: https://www.marketwatch.com/story/this-incredible-chart-shows-the-close-relationship-between-the-s-p-500-and-fed-liquidity-166542a7 Earnings, schmearnings. Is what really matters just liquidity? This incredible chart, from Apollo Global Management chief economist Torsten Slok, shows the close relationship between S&P 500 SPX, -0.37% performance and net Federal Reserve quantitative easing (QE) since the pandemic began. Here, Fed QE is defined as the Fed’s total assets minus the balance of the …
via aflegal.org: WASHINGTON, D.C. – Today, America First Legal (AFL), on behalf of its client, the National Center for Public Policy Research (NCPPR), served the Target Corporation with a formal demand for the production of corporate books and records, seeking transparency regarding its management’s radical LGBT political agenda that has apparently cost the corporation over $12 …
The US will need to refinance almost half of its national debt in less than 2 years. Let's not forget that interest rates were at 0% just 15 months ago. Wait until these debt instruments need to be rolled over at 5% rates. One thing is true: None of us own enough hard… pic.twitter.com/qR7HVVBV1e — …