Independent thinking for complex markets and current events
by Rauf_KB Let’s do the math directly and take a look at Google ads results in 2023: The revenue generated by Google ads in 2023 is $237 billion. The revenue portion from Google search engine is around 60%!!! That means out of the $237 billion, around $142 billion revenue is generated from the search engine …
Here are the key points: Q2 Earnings: Banc of California reported Q2 earnings of $0.10 per share, missing the estimated $0.19 per share. Year-Over-Year Comparison: Last year, the earnings were $0.32 per share, indicating a significant drop. Earnings Decline: The earnings have indeed crashed by 47.37%. Consistent Misses: The bank has failed to meet EPS …
They backed a lot of bad real estate pic.twitter.com/789edqOWun — RICO TO TREASON (@F1sT) July 19, 2024
The IMF is upgrading its economic outlook this year for China, India and Europe. It reduced its expectations for United States and Japan. IMF Warns of Mounting Debt, High Inflation in the West China and India now account for nearly half of the world’s economic growth, the International Monetary Fund (IMF) reported on Tuesday. While …
George and Ken discuss the CRE crash and how it’s now spewing into the banking system
https://twitter.com/1CoastalJournal/status/1811757149430640912 https://twitter.com/17296Jay18416/status/1811729236350111902 📈 Earnings Alert $JPM – JPMorgan 2Q Provision for Credit Losses Misses Estimates:∙ Provision for credit losses $3.05b, est $2.83b ∙ Adj revenue $50.99b ∙ Return on equity 23%, est 17.4%https://t.co/ZPPGNUWwcQ pic.twitter.com/vL1LqMwA2c — Smartkarma (@smartkarma) July 12, 2024 We are now to believe that an imploding economy will be good for banks and …
Almost half of all Americans are still paying off debt that they accumulated last year for a summer vacation, which is alarming news considering about half expect to go into more debt this year for more vacation. It’s things like this that are making the economy look so much better than it really is because …
The Supreme Court may not have delivered the opinion that gun owners were hoping for in the Rahimi case, but on Friday the justices gave Second Amendment advocates new ammunition to use in their fights against the ATF’s rulemaking abuses by overturning the Chevron Doctrine. In Loper Bright Enterprises v. Raimondo, et al, Chief Justice …
Ukraine has reportedly run out of men to fight against Russia in the war. The Wall Street Journal and Die Welt claimed that conscription in Ukraine’s prisons has also failed to meet the needs of the war-torn nation. The reports add that Ukraine won’t be able to launch a summer offensive due to the lack …
And once again, another retail company signals consumer spending is stalling quickly. $NKE falls over 12% (huge move for that stock) in after-hours on lower forecast. The economy is in trouble. Will take time to develope but it is coming. — Gareth Soloway (@GarethSoloway) June 28, 2024 Top two stories on CNBC from Walgreens and …
Malls, retail stores, and restaurants all across the country are going out of business in a lead up to this coming recession / depression. The lucky ones that are still in business, are having a hard time right now as inflation is killing people’s purchasing power and forcing many to only spend on essentials. How …
The current economy is putting many businesses on the brink, and Costco is no exception. Execs seem deeply worried about the company’s performance in recent months because sales have been weakening all across the board. Even though buying in bulk can save consumers’ money down the line, for many, shopping in big quantities isn’t making …
As France heads towards snap elections at the end of June, French government bonds could slide further, having already taken a major hit from the weekend’s European parliamentary elections, pushing their yields even higher, analysts said. https://www.wsj.com/world/europe/french-government-bonds-face-trouble-as-elections-loom-aef03ead?mod=RSSMSN French right-wing parties were mired by infighting Thursday as campaigning intensified for snap elections called by President Emmanuel …
Two stories broke on Monday that are intertwined. One is the realization by liberals that President Trump may win by a landslide because of the kangaroo courts of New York. The Hill reported, “The guilty verdict rendered against former President Trump is bringing moderate Republicans and longtime Trump skeptics to his side in a way that …
The retail industry has been a challenging battleground lately, with consumers facing high inflation and economic uncertainty. Target, one of America’s retail leaders, recently reported troubling financial results impacting the entire industry. In their latest earnings report, Target revealed concerning trends highlighting the economic challenges affecting consumers and businesses. With its iconic bull’s-eye logo displayed …
In a surprising move that has caused ripples throughout the retail industry and beyond, two of America’s biggest retail giants, Target and Walmart, have taken significant actions that may spell trouble for the average American consumer. These actions include aggressive price cuts and strategic discounting initiatives, which serve as a warning sign that many people …
uMkhonto weSizwe (MK) Party leader Jacob Zuma has warned the Electoral Commission (IEC) not to declare the election results, saying there will be “trouble” if they do. He was addressing the media at the IEC’s National Results Operating Centre in Midrand, Johannesburg late last night. The IEC is expected to announce the final results this evening. …
Saudi Arabia Taps Bond Market With $5 Billion Sukuk Dealhttps://t.co/N9TCB10hl8 — Jack Straw (@JackStr42679640) May 29, 2024 The kingdom will issue dollar-denominated three, six, and 10-year sukuk notes as part of an effort to plug a fiscal shortfall that’s expected to hit $21 billion by the end of the year, the outlet reported citing an …
"If the U.S. economy is headed for trouble, no one told the junk-bond market."@Vlajournaliste pic.twitter.com/s3WVZCToIH — Daily Chartbook (@dailychartbook) May 23, 2024 Pay attention. It's begun! pic.twitter.com/ozFRa1xB6y — The Great Martis (@great_martis) May 23, 2024 👀 👇For the first time in the history of the United States, interest payments will likely overtake defense spending in …
The banking industry is a crucial part of the economy, but it is currently facing a crisis that could lead to collapse. The recent failures of Silicon Valley Bank and Signature Bank have caused shockwaves in the financial world, and there is concern that this is only the beginning of a larger, catastrophic event. More …
The banking industry is going through a significant change, and Bank of America is at the center of it. Despite being known for its strength, it is now facing numerous challenges that could shake its foundations. Bank of America is currently facing different challenges, which have created an uncertain environment for investors, analysts, and consumers …
That was quite the evil eye AOC was giving him. Then she runs away. LOL. h/t dr0id
US employers announced 90.3k job cuts in March, the most since January 2023. Total cuts announced in Q1 were down 4.9% from Q1 2023 but up 120% from Q4 2023.@KoyfinCharts pic.twitter.com/1CsQ99cj2k — Daily Chartbook (@dailychartbook) April 5, 2024 In March, US employers announced 90.3k job cuts, the highest since January 2023. Although Q1 cuts were …
In a move that has sent shockwaves through the financial world, Tim Buckley, the CEO of investment giant Vanguard, has suddenly quit his job. This bombshell announcement has raised a lot of eyebrows and has people speculating about the real reasons behind Buckley’s abrupt exit. Many experts are warning that this could be a sign …
Accenture to cut 19,000 jobs in a major escalation of downsizing by consulting firms Accenture Plc said it will cut 19,000 jobs — or about 2.5% of its workforce — over the next 18 months, one of the largest rounds of dismissals in a consultancy sector facing strong economic headwinds. The shares surged. The company …
BY DAVID HAGGITH It was one ugly bond auction, while the Fed added pressure with its determination not to lower rates anytime soon in the face of stubborn inflation. Photo by Jp Valery on Unsplash Today, the huge upsurge in Treasury issuances to fund Bidenomics during a time when the Fed is no longer the buyer of first …
NEW: Judge in the Georgia criminal case against President Trump says "I think it's possible that the facts alleged could result in disqualification [for Fani Willis]. I think an evidentiary hearing must occur to establish the record on those core allegations" pic.twitter.com/TkP2nDQAxX — Greg Price (@greg_price11) February 12, 2024 Judge Scott McAfee on Monday said …
The Dallas Federal Reserve’s somber report reveals a slight contraction in the service sector in January. Retail, in particular, nosedives with the fastest sales drop since April ’20, casting a shadow on the overall health of the economy. The modest employment gains in non-retail services provide only marginal relief, painting a worrisome picture for the …
by Trump2052 Lumber mills are closing left and right and is early similar to ’08. Stock prices are still at multi year highs and Q4 earnings release in two weeks which could show a major pivot. Banks Lumber Mill Closing Boise Cascade Closes Lumber Mill Boise Cascade Layoffs International Paper Closes Pulp Plant
