Independent thinking for complex markets and current events
Borrowers approved under SAVE plan will receive emails from President Biden Education Department will identify eligible borrowers and cancel debt under the plan on a regular basis going forward Administration has canceled nearly $138 billion in student loan debt in total for almost 3.9 million borrowers to date 150,000 borrowers on Wednesday as part of …
h/t Daniel Kral Germany, the powerhouse of Europe, is grappling with a concerning economic downturn as its industrial sector continues to face challenges. In November, German industrial production experienced an unexpected decline of -0.8%, contrary to the anticipated +0.2% rise, according to data from the federal statistics office. This marks the sixth consecutive monthly drop, …
by confoundedinterest17 Alarm! New home sales dropped like Biden’s popularity in November, down -12.2% from October. While existing home sales bounced very modestly off record lows in November, it has been the ‘strength’ of new home sales – with buyer heavily subsidized by homebuilders – that has held up the housing market. Of course, investors don’t …
by confoundedinterest17 Biden says over and over again the Bidenomics is working. It isn’t working. The Conference Board Leading Economic Index® (LEI) for the U.S. declined by 0.5 percent in November 2023 to 103.0 (2016=100), following a (downwardly revised) decline of 1.0 percent in October. The LEI contracted by 3.5 percent over the six-month period between May and …
by confoundedinterest17 There is a sudden fire in housing as housing starts soar in November. Housing Starts: Privately‐owned housing starts in November were at a seasonally adjusted annual rate of 1,560,000. This is 14.8 percent above the revised October estimate of 1,359,000 and is 9.3 percent above the November 2022 rate of 1,427,000. Single‐family housing starts in November …
by ChampionshipUsed9855 Check out SNOW insider sells: A company that doesn’t make a profit. Frank Slootman CEO sold $344,130,000.00 just in December Michael P. Scarpelli CFO sold $240,891,000.00 just in December Snowflake (SNOW) Insider Trading Activity 2023 (marketbeat.com)
Amazon (AMZN) founder Jeff Bezos is expected to offload more of his shares Bezos sold around US$240 million last week and may sell as many as 8 million to 10 million shares, amounting to more than $1 billion h/t eichenes
WASHINGTON (TND) — Many Americans are having trouble making ends meet due to economic conditions, including interest rates. Over the past several months, we’ve heard from many people nationwide about their financial concerns – whether related to business or weekly expenses. In a new Bankrate survey, 50% of U.S. adults say their overall financial situation is worse than …
Texas voters overwhelmingly granted themselves a whopping $18 billion property tax cut while establishing dedicated funds to improve and expand state parks, prepare for future statewide water needs and extend the reach of broadband internet to the most remotes parts of the state, according to the unofficial election results Tuesday night. In all, voters were …
Republican presidential candidate Florida Gov. Ron DeSantis (R) and California Gov. Gavin Newsom (D) have agreed to participate in a televised debate in November that will be moderated by Fox News host Sean Hannity. The debate, which will air on Fox during Hannity’s 9 p.m. prime-time program, will take place Nov. 30, the network announced. …
The rig count is still in plunge mode… *A cumulative $4.9T of investments in global upstream oil and gas are needed by 2030 to meet market needs and prevent a supply shortfall" —International Energy Forum (IEF) and S&P Global Commodity Insights. https://t.co/8mRu56mQ9e pic.twitter.com/EoXmE1DPHd — Lawrence McDonald (@Convertbond) September 4, 2023 BREAKING: Crude oil prices rise …
by Dismal-Jellyfish https://www.finra.org/sites/default/files/fda_documents/2020067139101%20Instinet%2C%20LLC%2C%20CRD%207897%20AWC%20gg.pdf STILL NOT COMPLETE!!! Wut Mean?: Instinet was mandated to start reporting order data to the CAT Central Repository from June 22, 2020. Instinet hired a third-party vendor for CAT reporting, but their internal data specifications were inadequate for proper CAT-format reporting. In June 2020, Instinet informed FINRA that they foresaw CAT reporting …
by confoundedinterest17 I am anxiously waiting for the US inflation report tomorrow, so I am just looking at the US Treasury yield curve, mortgage rates and cryptos today. The US Treasury 10Y-2Y yield curve stumbled (just like Biden and Bidenomics) to -91.166 basis points as the turnaround in M2 Money growth has stalled. Bankrate’s 30Y …
Legal experts say a trial in the case of former President Donald Trump’s handling of allegedly classified documents may not happen until after the 2024 presidential election — which could work in the former president’s favor. “I don’t see how it gets to trial before the November election,” legal expert and former Assistant Attorney General …
by Dismal-Jellyfish https://www.sec.gov/litigation/admin/2023/34-97632.pdf Source: https://www.sec.gov/litigation/admin/2023/34-97632.pdf In the Order, the Commission found that BBPLC failed to put into place any internal control around the real-time tracking of securities being offered or sold off of its Commission-registered shelf registration statements. As a result of this failure, between June 26, 2019 and March 9, 2022, BBPLC offered and sold an …
