Independent thinking for complex markets and current events
According to Interesting Engineering, the U.S. Department of Energy awarded a grant of $2.3 million to a team of scientists at the University of Kentucky so they can work to develop materials strong enough to survive the inside of a fusion reactor. Considering the inside of a fusion reactor can reach temperatures of 180 million …
Lockheed Martin Corp., Grand Prairie, Texas, was awarded a $4,937,045,400 firm-fixed-price contract for the Precision Strike Missiles Increment One. Bids were solicited via the internet with one received. Work locations and funding will be determined with each order, with an estimated completion date of March 30, 2030. Army Contracting Command, Redstone Arsenal, Alabama, is the …
2025 Consumer Sentiment Statistics Only 1 in 4 Americans (26%) feel better off economically now than they were in September 2024. Meanwhile, just a third (34%) expect to be better off in six months than now. Nearly 2 in 3 Americans (63%) don’t believe the U.S. government is taking the right actions to address economic …
by Michael Is your job in danger? We live at a time when the development of artificial intelligence is growing at an exponential rate. AI can already perform lots of tasks better and far more efficiently than humans can, and it appears to be just a matter of time before AI can do virtually everything better …
ATLANTA — A jury in Georgia has ordered Monsanto parent Bayer to pay nearly $2.1 billion in damages to a man who says the company’s Roundup weed killer caused his cancer, according to attorneys representing the plaintiff. The penalties awarded include $65 million in compensatory damages and $2 billion in punitive damages, law firms Arnold …
Canada’s small business sector is grappling with a severe crisis as its confidence plummets. The Canadian Federation of Independent Business (CFIB) has reported an alarming decline in the Small Business Confidence Index, which dropped to 23.2 in March 2025. This is a staggering 60% drop from the previous year, highlighting the deepening challenges that small …
by Mike Shedlock Union contracts are at the heart of the problem. Chicago coming up. Full Blown Crisis Please note L.A. city budget shortfall grows to nearly $1 billion, with layoffs ‘nearly inevitable’ L.A.’s financial problems exploded into a full-blown crisis on Wednesday, with the city’s top budget official announcing that next year’s shortfall is now …
Despite a nearly 3% rise and a big green candle, sellers dominated, as shown by the delta. This is an oversold rally & not a data driven one – one of the worst UMich reports on record – stagflationista galore. Technicals were at COVID crash bad and now resetting. pic.twitter.com/5NNqBljqSs — Don Johnson (@DonMiami3) March …
Forever 21, the prominent fast-fashion retailer, is preparing to shutter approximately 200 additional stores as it approaches a potential second bankruptcy filing, which could occur as early as next month. This move comes as the company struggles to find a suitable buyer for its remaining operations; without one, the entire chain of around 350 stores …
If this spending spree doesn’t get reined in fast, expect another year of missing receipts, bloated budgets, and zero consequences. DOGE finds nearly $40 billion in spending linked to government-issued credit cards The Department of Government Efficiency (DOGE) pledged on Tuesday to “simplify” the federal government’s credit card program after it cost taxpayers nearly $40 …
It’s almost comical how left-wing populists love to preach about the rich paying their fair share. But let’s get real here—top 1% income earners in the U.S. are already paying nearly as much in taxes as the entire rest of the country combined. The truth? Socialists don’t build—they take. They’ve never built a business, never …
DOGE has just exposed a massive financial oversight—$4.7 trillion in payments linked to an optional field. The Treasury Access Symbol (TAS) code was often left blank, making it nearly impossible to trace where the money went. With this critical field now mandatory, we can start seeing where taxpayer money is really flowing. The Treasury Access …
Home delistings reached a nine-year high in December after the market was inundated with sellers but not enough buyers. An influx of housing inventory has left homeowners pulling their listings off the market at a high rate as there are not enough buyers to keep up with sellers. Home delistings in December spiked 64% from a …
Why were U.S. taxpayers funding this nonsense in the first place? USAID: The NGO which Rory Stewart’s wife works for just has its USAID funding cancelled, The Turquiose Mountain Foundation, teaches ‘liberated’ Afghan women about modern art like Duchamp’s urinal. pic.twitter.com/0IJdoF2Rwn — @amuse (@amuse) February 13, 2025 Here is the wife’s company: https://www.turquoisemountain.org/ The things …
Osaka Ramen serves both traditional and non-traditional ramen, with a variety of broth and protein options. The menu also includes bento boxes, sides and desserts. The restaurant announced on Wednesday that it will close its doors for good in less than two weeks. “The decision to close comes amid significant challenges facing Denver’s restaurant industry, …
On Wednesday, Ark Invest, through its ARK Innovation ETF ARKK + Free Alerts , decided to offload 5,495 shares of Palantir. This move came as Palantir’s stock soared following its impressive fourth-quarter earnings report. The company reported a 36% year-over-year increase in total revenue, with substantial growth in its U.S. commercial and government sectors. The …
"Tariffs are not inflationary" 5-year breakeven rate just surged to its highest level in nearly 2 years. pic.twitter.com/J6KIAhpiY1 — Otavio (Tavi) Costa (@TaviCosta) February 3, 2025 Trump is upset that Europeans aren't buying enough U.S. products. But Americans aren't buying enough U.S. products either; that's why we had a record $1.2 trillion trade deficit in …
Existing-home sales rose 2.2% in December to a seasonally adjusted annual rate of 4.24 million, the strongest pace since February 2024 (4.38 million). Sales grew 9.3% from one year ago, the largest year-over-year gain since June 2021 (+23.0%). The median existing-home sales price progressed 6.0% from December 2023 to $404,400, the 18th consecutive month of …
Speculators are now the most bullish on the U.S. Dollar in nearly 6 years byu/IAmNotAnEconomist inFluentInFinance
Nearly 200 of Hunter Biden’s artwork, worth millions of dollars, were destroyed in the fires – NYP pic.twitter.com/j9r57mlDSB — Libs of TikTok (@libsoftiktok) January 15, 2025 In a tragic turn of events, nearly 200 pieces of Hunter Biden’s artwork, valued at millions of dollars, were destroyed in the recent wildfires ravaging Los Angeles. The artworks, …
Reverse repo surges $72BN to $268.7BN for year-end window dressing. Funding market spreads already had blown out to 3 month highs amid spike in repo tightness pic.twitter.com/wyBoMBEPN8 — zerohedge (@zerohedge) December 27, 2024 The Federal Reserve's emergency Bank Term Funding Program dropped to $5 billion this week. It'll be $0 in January. pic.twitter.com/md8wCxDkVv — Financelot …
My fear is that too many people are not prepared for a market correction 2 years of a Bull Market has created the mentality that every dip is just an opportunity to buy It is not. We are in Wave 5, the Bull Run is coming to an end The only question now is whether …
People call me "NostraThomas" for accurately predicting @SpeakerJohnson would use the Christmas recess to force a massive spending bill through Congress. After claiming he would not, Johnson is embracing a D.C. tradition that's nearly as old as decorating Christmas trees. pic.twitter.com/TRd1ZiCXtc — Thomas Massie (@RepThomasMassie) December 18, 2024 I wanted to read the full 1,500+ …
If you needed any further proof of how banks are “fabricating deposits” via playing ping pong with cash between each other to hide their liquidity hemorrhage here you have it 👇🏻 No you aren’t having hallucinations: US banks alone lost ~1 trillion $USD in the past 9 months If you needed any further proof of …
I’d have better success selling ice to an Eskimo or unloading Aerotyne Dynamics to schmucks over cold calls. And I don’t even expect 1% of people to pick up calls from an unknown number in 2024. LMAO https://microsoft.gcs-web.com/static-files/412cc216-34d8-411e-bd96-71d59e4312c0 h/t Prudent-Corgi3793
The United States on Saturday announced a new $988 million security assistance package for Ukraine as Washington races to provide aid to Kyiv before President-elect Donald Trump takes office. Trump’s November election victory has cast doubt on the future of American aid for Ukraine, providing a limited window for billions of dollars in already authorized …
Americans are spending nearly double on eggs compared to a few weeks ago, as bird flu cases continue to affect supplies, and frozen egg storage volumes remain lower than last year. The price of a dozen eggs has risen from $2.11 in early October to $4.16 at present, an increase of more than 97 percent …
(The Center Square) – Almost one month after Election Day, one key Congressional race in California remains uncalled as the same pair of opponents race to a neck-and-neck finish. Democrat Adam Gray is now up nearly 200 votes against Republican Congressman John Duarte in the Central Valley District that voted in favor of recalling California …
The delayed day of reckoning has arrived for millions of Americans who purchased vehicles during the pandemic auto boom. Many are now finding themselves trapped in a shitstorm of negative equity and burdened by costly monthly payments, all while low- and mid-tier consumers face mounting financial strain amid elevated inflation and high interest rates. Bloomberg …
