Independent thinking for complex markets and current events
Taiwan Semiconductor Manufacturing Co. reported slowing growth in monthly revenue, highlighting uncertainty over the sustainability of the AI boom even as industry behemoths including Nvidia Corp. chase more chip supplies. The company posted a 16.9% rise in sales for October, the slowest pace since February 2024. Analysts on average are expecting sales to increase 16% …
“The year is on track to have the slowest housing market in three decades, with a projected four million home sales, according to the National Association of Realtors — making 2024 the second straight year of historically anemic sales” Record low demand and sales, stubborn sellers holding out for higher prices, persistent high interest rates, …
A Somali sprinter’s ’embarrassing’ 22-second 100m run has drawn a government apology after her performance sparked an online backlash. Nasra Abubakar Ali’s showing at a university games competition in the Chinese city of Chengdu saw her finish some 10 seconds behind the race’s winner, who recorded a time of 11.58 seconds. Footage of …
by confoundedinterest17 Somehow, Biden left this factoid out of his State of The Union (SOTU) address. In February, immigrants added 1,277 million jobs while native Americans lost -420,000 jobs according to the BLS. Or maybe Biden can change his campaign motto to “Make America Great Again … For Immigrants, NOT Natives.” In February, the unemployment rate unexpectedly …
Also: https://t.co/JjqjaSV1Kf — Car Dealership Guy (@GuyDealership) December 17, 2023
by confoundedinterest17 Even Biden’s press secretary Karine Jean Pierre admitted that all the slogans and hype about Bidenomics is a losing message. The economy is terrible for the middle class and low-wage workers. But excellent for the 1% donor and political elite class. But housing is very important to the middle class … and housing is …