A hub for independent voices and hard truths
Amidst the fanfare of Bitcoin projections and market optimism, a stark reality unfolds. The brilliance of hooking investors in and then pulling the rug is now evident, as an analyst downgrades Nvidia, attributing it to the implosion of the Artificial …
https://twitter.com/LavrionMining/status/1741466138981064854 Maersk Halts Red Sea Transit After Container Ship Hit By Missile Maersk, one of the largest shipping companies in the world, suspended all container ship sailings in the Southern Red Sea after Iranian-backed Houthi militants attacked one of its …
The narrative surrounding Cardinal Angelo Becciu’s scandal paints a vivid picture of corruption and betrayal within the Vatican’s sacred walls. The intense courtroom proceedings, under Giuseppe Pignatone’s watchful eye, unravel a complex web of financial crimes involving key figures. The …
The financial landscape is shifting as Barclays unveils a $1.25 billion cost-cutting plan with potential job cuts, contributing to a 26% share price drop under the current CEO. Deutsche Bank remains flat, while HSBC sees a 37% increase. The finance …
DC Commercial Real Estate in Crisis: Dupont Circle Office Building Sells at 77% Discount, Plunging $72M from 2016 Price. The $21M transaction is over $50M less than 2019, with the previous owner, a co-working company, defaulting on a $65M loan. …
BofA’s latest survey signals a worrying trend as 76% believe the hiking cycle is over, 80% expect lower short rates, and a record 61% foresee lower yields. Investors are shifting to bonds at the highest rate since 2009. Notably, the …
Japan’s SoftBank hit with $6.2B quarterly loss as WeWork, other tech investments go sour Tokyo-based SoftBank loss totaled 931 billion yen ($6.2 billion) in the last quarter, a reversal from the 3 trillion yen profit it posted in the same …
Japan’s state pension fund, the world’s largest, just reported a staggering $4.5 billion loss for the quarter. The financial situation in Japan is growing increasingly precarious, and the market is feeling the heat as the 10-year breakeven rises, putting significant …
Markets are indicating a prolonged period of higher interest rates. Economist El-Erian warns Treasury bonds are losing their safe-haven status. Despite escalating tensions and a surge in bond issuance, yields are rising, and investors are turning to volatile assets, signaling …
BREAKING: Maidan massacre trial finds that former Ukrainian President Yanukovych didn’t order snipers to shoot protesters. The US coup d'état in Ukraine was made possible by CIA funded Ukrainian Nazis who killed their own people and blamed Yanukovych. The US …
Escalating mortgage rates have made buying a home prohibitively expensive, and renting is now the more compelling option. Home buyers are backing out of deals at the highest rate in a year, per BI. — unusual_whales (@unusual_whales) October 23, 2023 …
The sharp increase in credit card losses, coupled with the rise in evictions and loan delinquencies, paints a bleak picture for the economy, reminiscent of the challenging times during the Great Financial Crisis. Food Prices up Over 20%, Credit Card …
German Real Estate companies hit highest number of insolvencies in 7 years pic.twitter.com/X3lY2JaMTm — Barchart (@Barchart) October 5, 2023 https://twitter.com/theGangesPost/status/1709820529035911621 Good Morning from #Germany, where the construction sector is really crashing. The German PMI Construction Index fell to 39.3 in …
1) Airbnb blowup will lead to huge amounts hitting the market at once. Disregarding the decline in profits from these, NYC just banned short term rentals below 30 days, that’s 40k units hitting the market 2) What needs to happen …
Traditional TV is dying. Ad revenue is soft. Streaming isn’t profitable. And Hollywood is practically shut down as the actors and writers unions settle in for what is shaping up to be a long and bitter work stoppage. All of …
Guest Post from Wolf Richter at WolfStreet.com: Where does the money come from? They now out-earn inflation, they earn interest income, and they dipped into their assets whose prices ballooned over the years. Consumer spending, adjusted for inflation and for …