Independent thinking for complex markets and current events
Cloudflare CEO or similar exec types like Standard Chartered’s Bill Winters got fresh backlash for straight up saying AI replaces lower value human capital and laying off measurers while growing revenue. "It was an inartful way to say something." JPMorgan's Jamie Dimon addresses the backlash over Standard Chartered CEO Bill Winters' remarks on AI replacing …
So many jobs will be gone by fall. 🚨 Do you understand what just happened? A guy in Florida asked ChatGPT to sell his house. Not help him sell it. SELL IT. Pricing, Marketing, Showings, Contract.. Everything. Sold in 5 days. The average real estate agent takes 6% commission. On a $400K house that's $24,000.… …
China is in a big trouble: Tens of thousands of young people are becoming homeless😭 Because they are Blacklisted by Social Credit System. Once you are blacklisted, you are immediately cut off from banking service and digital payments. So you can’t pay rent, buy food or receive salary..it will end up you become homeless. ——And …
People saw the videos from Chicago and lost it. Headlines said “military-style raid,” “war tactics,” “domestic invasion.” But what actually happened looks different once you slow it down. ICE was running an operation. High-risk warrants. Known suspects. They followed procedure. It looked violent because raids usually do. According to DNYUZ, “ICE agents in full tactical …
During election campaign Mark Carney warned: while Americans go to war against WOKE Canada will become the wokest country on Earth. NOW Mark Carney announced: PRIDE MONTH is GONE. Replaced with PERMANENT PRIDE 365 WOKEY = BROKEY. During election campaign Mark Carney warned: while Americans go to war against WOKE Canada will become the wokest …
Germany’s Bundesbank is eyeing a shortcut for small and medium-sized banks. Basel capital rules could be scrapped in favor of a single leverage ratio. No risk-weighting. No buffers. Just raw exposure. https://finanz-szene.de/banking/bundesbank-erwaegt-verzicht-auf-basel-anforderungen-fuer-kleinbanken/ The leverage ratio was never meant to stand alone. It’s a backstop, not a blueprint. “Before a small commercial bank would breach a …
Years of experience no shield from Redmond purge. Whoa. Microsoft just laid off dozens of lawyers. At least 32 attorneys and 5 paralegals cut in Redmond. Up to 465 legal roles could be gone worldwide. In-house used to be safe. Not anymore. According to legal insiders, this is “unprecedented”… even veterans with 7+ years… — …
By Monday afternoon, our fact-checking program in the US will be officially over. That means no new fact checks and no fact checkers. We announced in January we’d be winding down the program & removing penalties. In place of fact checks, the first Community Notes will start… — Joel Kaplan (@joel_kaplan) April 4, 2025 Well, …
Mark Zuckerberg is going all out to rehabilitate his image with Donald Trump and his supporters. Semafor was the first to report that Nick Clegg, the company’s president for global affairs, would be departing after several years at the helm. A former British deputy prime minister, Clegg was one of the most prominent public faces …
Starbucks announced Tuesday it’s replacing CEO Laxman Narasimhan with Chipotle CEO Brian Niccol. Shares of Starbucks rose 10% in premarket trading on the news, while Chipotle’s stock fell 10%. Narasimhan took over as chief executive in March 2023. The coffee giant’s performance has struggled this year, hurt by weak sales in the U.S. and China, …
Um anybody care to comment on why these geniuses who programmed AI didn’t see this one coming?? AC
Shares in Burberry plunged over 15% in early trading on Monday after a disappointing first-quarter performance led it to issue a profit warning, replace its CEO and axe its dividend. The 168-year-old British luxury giant said that if the recent trading slowdown continues, it expects to report an operating loss for the first half of …
In the clash between economic realities and political aspirations, California’s fast-food industry finds itself at the forefront. As the state raises its minimum wage, businesses are forced to adapt or face financial strain. The result? A rapid shift toward automation, leaving workers grappling with the harsh consequences of policy decisions. Key Points: Recent minimum wage …
Medical misinformation policy YouTube doesn’t allow content that poses a serious risk of egregious harm by spreading medical misinformation that contradicts local health authorities’ (LHAs) or the World Health Organization’s (WHO) guidance about specific health conditions and substances. This policy includes the following categories: Prevention misinformation Treatment misinformation Denial misinformation Note: YouTube’s medical misinformation policies …
Suumit Shah, founder and CEO of Bangalore-based e-commerce company Dukaan, said that the bot, which was built by one of the firm’s data scientists, could respond to initial queries instantly, compared to staff taking an average of one minute and 44 seconds. Shah, who founded the company in 2020, said the layoffs were ‘tough’ but …