Independent thinking for complex markets and current events
The pioneer of the low-cost model officially grounded its last jet at 3:00 AM today. The $500M White House lifeline was pulled, creditors refused a final deal. Thousands of passengers are stranded at gates from Las Vegas to Detroit this morning. Aviation experts say Spirit is the first major corporate casualty, the war fuel spike. …
In an unusual session held on Super Bowl Sunday, the US Senate voted to move forward a substantial $95 billion aid package that will support Ukraine, Israel, and Taiwan, with no southern border security provisions. The package includes $60 billion for Ukraine and $14 billion for Israel. The vote garnered support from RINOs, with a …
via CNBC: Xerox on Wednesday announced it will cut 15% of its workforce as part of a plan to implement a new organizational structure and operating model. Xerox, which offers digital printing and document management technologies, had about 20,500 employees as of Dec. 31, 2022, according to a filing with the U.S. Securities and Exchange …
Wheat prices jumped as much as 3.5% as news broke Monday that Russia let the UN-brokered grain deal lapse at midnight, Istanbul time, marking the end of the Turkey-administered humanitarian corridor which let Ukrainian grains get exported to global markets. Russia since confirmed the deal has been “terminated” Currently there’s speculation that the fresh attack …