A hub for independent voices and hard truths
Nvidia’s stock pops 16% to spur biggest one-day gain in market capitalization by any U.S. company It’s a testament to Nvidia Corp.’s blockbuster run over the past year that Wall Street is, in a way, looking past eye-popping metrics like a quintupling of data-center revenue in the latest quarter. Investors …
WOW 🚨 I Think We Just Figured Out How New York Is Planning On Paying For All Their Illegal Immigrants This Man Got His New Tax Assessments & Costs Are Increasing On ALL Businesses & Properties, Some Up 75% From Previous Year!! GET OUT OF NEW YORK ‼️ “All the …
“Homeland Security Secretary [Alejandro] Mayorkas issued written guidance making it clear that: Illegal presence alone is not grounds for deportation,” the tech tycoon wrote. “Criminal charges, convictions or gang membership alone are not enough for deportation,” he said. “You basically have to be a convicted axe murderer to be deported! …
In a significant trend, central banks worldwide acquired 1,037 tonnes of gold in 2023, marking the second-highest amount in data going back to 1950. Notably, China’s central bank, the People’s Bank of China, led the way with net purchases totaling 225 tonnes, the highest since 1977. The flight of gold …
Ex-Google TechLead on what the tech layoffs mean for software engineers. https://www.youtube.com/watch?v=l222fIkesAY
Concerns rise as critical commentaries on China’s struggling economy vanish from the internet, indicating increased censorship. Chinese authorities, including top intelligence agencies, emphasize promoting a positive economic outlook amid challenges. Censorship targets negative financial analysis, with warnings against “denigrating China’s economy.” Crackdown extends to renowned economists, analysts, and media coverage …
via Mike Shedlock On January 1, 2023, 38 states had noteworthy tax changes. 37 of the changes put extra money in people’s pockets. Here’s the result in pictures. Tax data from the BEA, chart by Mish The Tax Foundation noted State Tax Changes Taking Effect January 1, 2023 On January 1, …
In a perplexing turn of events, the tech industry is witnessing a paradox where soaring stock values on Wall Street stand in stark contrast to a surge in layoffs. January 2024 has set a troubling record, with 23,670 workers facing layoffs from 85 tech companies, marking the highest monthly figure …
Due to the start of aerial bombing of Yemen by the Western coalition, Brent oil is rising and has broken through the $80 barrier. Experts say that apparently this is not the limit, since the Houthis said that they will not retreat or surrender, and the West will continue until… …
by Stephen Green BIDENOMICS: Americans are racking up more ‘phantom debt’ — why that’s a problem. Some types of debt can haunt you. “Buy now, pay later” loans, especially, can be hard to track, making it easier for more consumers to get in over their heads, some experts say — even more …
Oh boy. Global freight rate for containers just surged 61% this week. Not the time to celebrate the end of inflation. A second wave is likely underway. H/t @dailychartbook pic.twitter.com/X9K2DZJDWR — Otavio (Tavi) Costa (@TaviCosta) January 5, 2024 The global freight rate for containers has surged by a staggering 61% …
The escalating crisis of illegal immigration in the United States is not only setting record-breaking numbers but is also adding layers of complexity for legal immigrants aspiring to move to the country. Elon Musk, entrepreneur and tech mogul, highlights the stark contrast between the arduous legal immigration process and the …
This blatant corruption infuriates me! Congressional Democrats exploiting their privileged positions for personal gain, trading stocks with insider knowledge while ordinary citizens suffer. Beating the S&P 500 by seven points is no mere coincidence; it reeks of unethical practices. The fact that they have the audacity to engage in such …
The volatility index, $VIX, surged 14% today, marking its most significant daily jump since October 13th. This unsettling start comes as oil prices soar, the 10-year note yield approaches 4%, and the Dow experiences a 200+ point drop. Interest rate cut futures, indicating market expectations, have slightly retreated, but still …
Gold miners (GDX) are setting the stage to outperform Gold (GLD) Leading up to the Fed meeting last week, GLD and GDX were showing signs of weakness But the exceptionally dovish Fed triggered a tremendous surge in both GLD and GDX GDX/GLD ratio has shown a positive correlation… pic.twitter.com/H0GOhIAWc2 — …
In recent times, the nation has found itself engulfed in a sprawling and seemingly uncontrollable migrant crisis, casting a shadow over the entire country. The question on everyone’s mind remains: What measures are being taken to address this burgeoning issue? Reports are pouring in, revealing the disconcerting scenario at the …
Crime is rampant in California because the socialist Democrats hate law enforcement and promote the no-bail revolving door of violent crime. As long as Democrats have supermajority control, our cities will be a blight and our lives at the mercy of gangs. https://t.co/8UqP5eR9Hz — James Woods (@RealJamesWoods) December 18, 2023 …
View post on imgur.com We use the base F-150 XLT and the base Camry LE for two reasons: One, because both go back beyond 1990; and two, because both have been bestsellers in their categories, true mass-market vehicles. Other models, such as the Corvette or the Mustang, go back even …
via abc7news: An Oakland business is seeing an enormous uptick in business from customers requesting bulletproof glass. They say it’s due in part to crime in the city. At East Bay Glass‘ warehouse in Oakland, the varieties of glass seem endless. But one item that’s not currently in stock due to …
In a deja vu moment, the Federal Reserve’s swift rate cuts raise unsettling parallels with the inflationary misstep of the 1970s. Back then, premature optimism led to soaring inflation after initial rate reductions. Today, historical cues point to rising unemployment during rate-cut cycles, contradicting the Fed’s sanguine predictions. The specter …
Americans' savings rates slid again in the third quarter, per Axios: pic.twitter.com/sBEvKXNTjn — unusual_whales (@unusual_whales) December 14, 2023 The economic landscape in the United States is becoming increasingly challenging as Americans grapple with a combination of dwindling savings rates, soaring restaurant prices, and a weakening U.S. Dollar Index ($DXY). The …
In the current financial landscape, a palpable tension brews as markets lean towards anticipating an imminent Fed pivot, contrary to the central bank’s official stance. The prevailing sentiment suggests greed levels in the market are soaring to multi-year highs, as evidenced by the resilience of the S&P 500, even in …
A record number of people in the United States died of suicide last year, while the country's suicide rate reached the highest level in over 80 years, per Axios: pic.twitter.com/iBxUn7rp69 — unusual_whales (@unusual_whales) December 11, 2023 Rate of suicide in the U.S. peaks among older men, a hard demographic to …
Bitcoin’s sudden 5% drop to $41,500 raises questions about liquidity after a prolonged bullish streak. On Friday, we posted this setup for subscribers. We called for a move back into $41,500 support where a higher low could form. $41,500 marked the EXACT low of the decline just now. Subscribe at …
by Chris Black Last Friday the Secured Overnight Financing Rate (SOFR), a repo rate serving as the Fed’s new target reference rate , jumped 6 basis points (6 bps, 0.06) to above the Fed’s target range… Continue reading by subscribing. Username Password Remember Me Forgot Password
Peter Boockvar, Bleakley Financial Group, and Katerina Simonetti, Morgan Stanley, join ‘The Exchange’ to discuss the surge in gold prices, what’s behind the rally and more. The Summer of Central Bank Gold Buying Extends Into the Fall Central banks gobbled up gold over the summer and the buying spree has …
Gold may have hit an all-time high earlier this week but on an inflation adjusted basis it remains 20% below the 1980 peak pic.twitter.com/yKUScQ7laZ — Barchart (@Barchart) December 6, 2023 Poland bought 300t recently — Jan Nieuwenhuijs (@JanGold_) December 5, 2023 Moody's has cut China's credit outlook to negative. Moody's …
by GreggraffinCI https://fredblog.stlouisfed.org/2023/12/three-measures-of-us-credit-card-debt/#:~:text=In%202023%2C%20outstanding%20credit%20card,for%20consumer%20spending%20going%20forward. From a disposable income standpoint the Fed data agrees that the consumer is better able to service their debt now than they ever have. That peaked during the stimmie checks but that gap has closed from -25% to -5% in the past 2 years. Which is not …
by Dismal-Jellyfish Source: https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/ubs-is-least-efficient-bank-in-europe-in-q3-2023-79149692 The Swiss bank recorded a third-quarter cost-to-income ratio of 99.56%, representing a 10.61-percentage-point increase from the previous quarter. UBS posted a third-quarter net loss attributable to shareholders of $785 million, compared to a $1.73 billion profit booked a year ago. Operating expenses surged 91% to $11.64 billion …
As Thanksgiving approaches, the financial markets reflect a robust performance, with the S&P 500 ETF ($SPY) marking an 8.8% increase for the month and a remarkable 20.3% gain for the year. The Nasdaq 100 ($QQQ) outshines, boasting an impressive 47.1% surge. Global stock funds experience a notable influx, attracting around …