Independent thinking for complex markets and current events
They must be losing money since Snap won’t pay for them anymore. 🤣 — Cindy K (@MAGAMAHACindy) February 3, 2026 Demand must be in the toilet. PURCHASE, NY (AP) — PepsiCo is cutting prices on Lay’s, Doritos, Cheetos and Tostitos chips this year to win back customers exasperated by years of price hikes. “For some …
Authored by Mike Shedlock via mishtalk, The job cut hit parade line just got 15,000 more members. Verizon Looks to Slash Expenses The Wall Street Journal reports Verizon to Cut About 15,000 Jobs Verizon Communications VZ is planning to cut roughly 15,000 jobs, looking to reduce costs as it contends with increased competition for both wireless …
McDonald’s is slashing its combo meal prices — despite weeks of tussling with restaurant operators who pleaded that rising costs have made it difficult to sustain deals already on the menu. Its US franchisees have agreed to keep the cost of eight popular combos 15% below the sum of the individual items’ prices, according to …
Rate cuts: like putting a band-aid on a sinking ship. For those begging for rate cuts, look back at 2001 and 2008. The Fed started cutting right before unemployment spiked. The pivot wasn’t a win, it was the signal that the real damage was about to hit. If the economy was healthy and booming, there …
Tariff pain set to deepen in current quarter. Fox: General Motors shares T-boned by tariffs. The stock is diving 7% after the auto giant reported a 32% slump in quarterly profits due to a $1.1 billion hit from the tariffs, which GM says will worsen in the current quarter pic.twitter.com/Z4Z9THyxmR — FactPost (@factpostnews) July 22, …
A new study just flipped the script on diabetes treatment. Researchers tracked 174,458 patients with type 2 diabetes and found that GLP-1 receptor agonists cut dementia risk more effectively than metformin. The data spans 20 years. The results aren’t subtle. The study pulled anonymized health records from the Trinetx global network. Each drug cohort had …
Heat waves rolled in early in 2025. June is already delivering record highs in many parts of the country. Your HVAC system might be strained, energy bills climbing and comfort slipping away. That’s when smart maintenance and tweaks pay off. Start with your air filter. Many homeowners use high MERV filters to block allergens, but …
Once again markets are celebrating a "strong" May jobs report, with 139K jobs beating estimates by 10K, while ignoring the 95K downward revisions to the prior two months. But beneath the surface, the May jobs report, which showed even slower job growth than the prior month, was… — Peter Schiff (@PeterSchiff) June 6, 2025 The …
Home values are sliding across the country, with Zillow reporting declines in 27 states. The latest data confirms what many homeowners feared—prices are no longer climbing at the breakneck pace seen in previous years. The housing market is shifting, and sellers are feeling the pressure. The biggest drops have been recorded in Florida, Colorado, California, …
TRUMP MAY CUT CHINA TARIFFS TO EASE TENSIONS The Trump administration is weighing major tariff cuts on Chinese imports—possibly by over 50%—to reduce trade tensions, sources say. No final decision has been made, and options remain open. One idea is a tiered system: 🔸 35% tariffs on non-strategic items 🔸 100%+ tariffs on goods tied …
The European Union (EU) and China are currently in discussions to address tariffs on Chinese-made electric vehicles (EVs). The talks aim to replace the EU’s existing tariffs, which can reach up to 45.3%, with a system of minimum price commitments for imported EVs BREAKING: 1) China and the European Union have begun negotiations to eliminate …
Dow Jones Update Will the global trade war be the catalyst? pic.twitter.com/r0ICLuB9rl — The Great Martis (@great_martis) February 11, 2025 America 🇺🇸 must hit rock bottom before it starts to heal. Democrats did a lot of damage in those 4 years. Expect major turbulence in equity markets. — The Great Martis (@great_martis) February 11, 2025 …
A $1 trillion cut is no joke—this isn’t just theory. It’s a promise to the American people, one that could shake up the entire economy. Let’s see if the powers that be are willing to back it up. NEW: Elon Musk says he thinks he can reduce the deficit by $1 Trillion next year, says …
We've never seen the S&P 500 at all time highs with breadth this negative. Let's do this. pic.twitter.com/3GuAVcn1l7 — Mac10 (@SuburbanDrone) December 13, 2024 Linkhttps://t.co/A9JxrqvurY pic.twitter.com/8qaDVxDPM3 — QE Infinity (@StealthQE4) December 13, 2024 ⚠️CENTRAL BANKS ARE CUTTING RATES AS IF GLOBAL RECESSION IS HERE⚠️ Bank of Canada cut rates by 0.50% on Wednesday for the …
A sick newly proposed age of consent law would allow old men in Iraq to marry children as young as nine years old, and “legalise child rape” activists claim. Ultra-conservative Shia Muslim parties have launched a bid to pass a new law that would slash the existing age of consent in the pariah nation in …
Steve Madden’s CEO said the company will reduce the goods it imports from China by as much as 45% over the next year. On the campaign trail, President-elect Donald Trump said he would impose a 10% to 20% tariff on all imports, with tariffs as high as 60% to 100% on goods from China. Other …
Musk wants to SLASH $2 TRILLION from Harris / Biden budget.. Department of Government Efficiency Day 1.. pic.twitter.com/lDVEP1b9LG — Chuck Callesto (@ChuckCallesto) October 29, 2024
Elon Musk claimed he can eliminate at least $2 trillion from the federal budget, laying out his vision for substantial government spending cuts if Donald Trump wins the presidency. “Your money is being wasted,” Musk said Sunday at a rally for Trump in New York’s Madison Square Garden. “We’re going to get the government off …
Spooked by Inflation, Americans Slash Halloween Spending … byu/Fun_Balance_1809 ineconomicCollapse According to a survey, 59% of Halloween spenders plan to cut back on purchases due to tighter budgets caused by inflation. https://www.allsides.com/news/2024-10-15-0615/general-news-spooked-inflation-americans-slash-halloween-spending
In a move that could have catastrophic consequences, the globalist-led World Bank has issued a report proposing drastic cuts to global agriculture production. This controversial plan, aimed at achieving “net zero emissions,” threatens to destabilize the world’s food supply and potentially lead to widespread famine and starvation. According to the report, the World Bank intends …
According to Bloomberg data, 10 out of 11 major central banks are expected to slash rates in the second half of this year, the most in 16 years. The list of the 11 countries includes the United States, India, New Zealand, the United Kingdom, Canada, Australia, Norway, the Eurozone, Sweden, Switzerland, and Japan. As shown …
California restaurants are reportedly laying off staff and reducing hours for other team members in an effort to cut costs ahead of a California state law taking effect on April 1 that will raise fast-food workers’ hourly wage to $20. In the months leading up to the wage mandate, California eateries, particularly pizza joints, have …
Following two years of interest rate hikes by the Federal Reserve, and just one day before the central bank’s meeting on Wednesday, Senators Elizabeth Warren and Sheldon Whitehouse, both climate alarmist Democrats, wrote a letter to Fed Chair Jerome Powell calling for an immediate halt to the interest rate hiking cycle to avert further collapse …
It’s disheartening to see the discontinuation of funding for UNRWA, impacting the lives of Palestinian refugees. The plea from President Abbas underscores the crucial role this agency plays. Meanwhile, Zelensky’s proposal sheds light on the intricate dynamics of global support, emphasizing the need for funds to directly benefit nations facing crises. In the midst of …
(Bloomberg) — Global funds further trimmed their Chinese stock holdings in September, extending a relentless selloff and lowering their average position in the country to the lowest level since 2020, Morgan Stanley said. Net monthly outflows from active long-only managers in China and Hong Kong equities totaled $3.2 billion during the month largely due to …
The impact of spiking interest rates after more than 10 years of 0% is hitting. More here: Onset of the Economic Avalanche Becomes Clear Recession Warning: Employers Slash Staff at Record Pace Since 2009 The global business landscape is under strain, with the UK signaling a potential worldwide recession. A new survey reveals the …