Independent thinking for complex markets and current events
STRASBOURG (Reuters) -Europe moved closer to adopting the world’s first artificial intelligence rules on Wednesday as EU lawmakers endorsed a provisional agreement for a technology whose use is rapidly growing across a wide swathe of industries and in everyday life. The legislation called the AI Act will regulate foundation models or generative AI such as …
“American billionaires are selling stocks by the boatload – sparking fears of an impending financial disaster. Jeff Bezos – the third-richest man behind Louis Vuitton’s Bernard Arnaut and Elon Musk – unloaded $8.5billion in Amazon shares this month alone. Mark Zuckerberg – the fourth-richest – sold about 1.4 million Meta shares worth roughly $638million. Jamie …
Apple’s iPhone Woes in China Deepen With a 24% Sales Plunge Apple Inc.’s iPhone sales in China fell by a surprising 24% over the first six weeks of this year, according to independent research that may stoke fears about worsening demand for the marquee but aging device. The figures from Counterpoint Research add to pressure …
This is exactly why businesses in NY are running for the border to get out of that state ASAP. The corrupt AG has to go after other businesses in the same way she went after Trump now to try to make it appear like it wasn’t political hit job even though everyone know it’s was. …
Japan’s gross domestic product shrank by 0.4% in the last quarter of 2023, the Japanese Cabinet Office said — far below the 1.4% growth estimate. This followed a third quarter of 2023 in which GDP growth shrank by 3.3%. Most economists officially define a recession as “two consecutive quarters of economic contraction,” CNN said, so …
Monday, a Hong Kong court ordered the liquidation of Evergrande- whether the court ruling will be of much help to creditors remains to be seen as the court’s jurisdiction is separated from the bulk of Evergrande’s assets located in the Mainland. 2/ — Smartkarma (@smartkarma) January 30, 2024 This ruling doesn’t come as a surprise …
LONDON, Jan 29 (Reuters) – Pandora (PNDORA.CO), opens new tab, the world’s largest jeweller by amount of products sold, has stopped using mined silver and gold and now only manufactures with recycled precious metals, which require less energy to produce. The Danish company, known for its $65 to $95 charm bracelets, buys around 340 tonnes …
Evergrande shares halted after Hong Kong court orders liquidation.https://t.co/M8UqNlTsY9 — Daniel Lacalle (@dlacalle_IA) January 29, 2024 🚨🇨🇳 China – Property Developer Evergrande ordered to liquidate Global Financial Collapse incoming…. pic.twitter.com/gPlil4uqt9 — Concerned Citizen (@BGatesIsaPyscho) January 29, 2024 Once the world’s largest real estate developer, Evergrande is now to be liquidated. It has whopping $300 billion …
An Israeli company has received preliminary approval from the government to sell the world’s first steaks made from cultivated beef cells, the country’s Health Ministry announced this week. The ministry said the approval was part of a pilot program for alternative protein carried out by the Department of Food Risk Management. It also cited the …
by Chris Black As per the Tweet below, China’s fertility rate is currently 0.88 children per woman. This is LOWER than South Korea AND UKRAINE!! Leaked figures suggest that the birthrate in China dropped 18% in 2023. It stood at 0.88 births per woman in 2023 compared to 1.07 in 2022. Via @MoreBirths pic.twitter.com/zt9DKXUNs9 — …
🚨JUST IN: Microsoft overtakes Apple to become the largest publicly traded company in the world by market cap. "I am the captain now"$MSFT pic.twitter.com/P6R3CEB7G3 — Genevieve Roch-Decter, CFA (@GRDecter) January 11, 2024 h/t DesmondMilesDant
Japan’s gold market is undergoing a radical restructuring which has the potential to catapult the Asian nation back to its former place among the world leaders in gold investment, according to Bruce Ikemizu, Chief Director of the Japan Bullion Market Association. Ikemizu noted that before China became a major player in the global gold market, …
China has overthrown Japan as the world’s largest car exporter, another sign of the staggering rise of the country’s auto market. The country sent more than 3.8 million vehicles overseas in 2023, according to the China Passenger Car Association, a 62% increase from the previous year, while Japanese automakers exported 3.5 million cars during the …
https://medium.com/@ASll0\_/debunking-the-worlds-largest-skin-bank-how-israelis-harvest-organs-without-consent-d8415b266a55 In 2008, the American network CNN published a report revealing that Israel is considered the largest global center for illegal organ trafficking. The report also revealed Israel’s involvement in the crime of killing Palestinians in order to steal their internal organs and benefit from them illegally, and to trade them in an illegal international …
Elon Musk once scoffed at the notion that BYD could compete with his company. Now, the automaker run by billionaire Wang Chuanfu is poised to be the new No. 1 in electric vehicles. China’s BYD Co. bills itself as the biggest car brand you’ve never heard of. It might need a different tagline soon. The …
According to the OCC, as of September 30, JPMorgan Chase (which lost $6.2 billion from its federally-insured bank in wild derivative trades in 2012) is still allowed to sit on $54.4 trillion in derivatives. Citigroup’s Citibank, which blew itself up in 2008 from derivatives and off-balance-sheet vehicles and received the largest bailout in global banking history, is sitting on …
Using just 20 watts of power, the human brain is capable of processing the equivalent of an exaflop — or a billion-billion mathematical operations per second. Now, researchers in Australia are building what will be the world’s first supercomputer that can simulate networks at this scale. The supercomputer, known as DeepSouth, is being developed by Western …
India is where China was in mid-2000s. It is at the edge of the runway to take off and will double its GDP every 5 yrs or so. Its biggest challenge though is policy paralysis, while China being a one-party system can chart a 50 yr policy and march towards it, India has a chaotic …
by Chris Black Alex Jones went on Tucker Carlson, and they both claimed he was the most censored man. Ep. 46 The Alex Jones Interview TIMESTAMPS: 2:46 Alex Jones predictions 15:07 Deplatforming21:59 Dividing us on race25:37 The border28:09 Austin32:12 New World Order42:09 Brian Stelter demon video50:57 Depopulation1:07:51 Food1:13:51 Whiskey 1:16:22 Presidential… pic.twitter.com/IsJAQDUzDc — Tucker Carlson …
Icon of the Seas is a cruise ship built for Royal Caribbean International and will be the lead ship of the Icon class. She is scheduled to enter service in early 2024 out of PortMiami in the US.[4] At 250,800 gross tonnage (GT), Icon of the Seas will be the largest cruise ship in the …
by Chris Black If memory serves, best Korea has the worst birth rate in the world. However, I’m gonna go out on a limb here and say that the birthrate problem is not a result of people not being able to meet each other. This is a hard to pill to swallow, but stick with …
A rum and spirits distributor has made a humanoid robot driven by artificial intelligence its new CEO. “Mika” is a research project between Hanson Robotics and Polish rum company Dictador, who customized the robot CEO to represent the company and its values. Mika said in a company video that “with advanced artificial intelligence and machine learning …
via Zerohedge: The shipping giant A.P. Moller-Maersk A/S reported a slide in profit and revenue for the third quarter, forcing the company to take a defensive position by eliminating upwards of 10,000 jobs as falling container rates and waning demand batter the global shipping industry, which could last through 2026. However, the shipper maintained its …
ATLANTIC CITY, N.J. — Wind energy developer Orsted is writing off $4 billion, due largely to the cancellation of two large offshore wind projects in New Jersey whose financial challenges mirror those facing the nascent industry. It added fresh uncertainty to an industry seen by supporters as a way to help end the burning of planet-warming …
The plant never operated at more than a third of its total capacity in its 13 years since being built. Occidental Petroleum quietly sold off a carbon capture facility – the world’s largest — that was built into a natural gas processing plant in Texas, according to a Bloomberg Green investigation. The plant, called Century, …
A financial market of this magnitude behaving like a speculative penny stock due to a single individual’s tweet about closing a position is a concerning and unhealthy sign for its stability and reliability. https://twitter.com/RJRCapital/status/1716500529147212201 🚨BREAKING: BILL ACKMAN COVERED HIS BIG BOND SHORT! “There is too much risk in the world to remain short bonds at …
Home price-to-income ratios are skyrocketing in the world's major cities. In Shanghai, home price-to-income ratios just crossed 50x. China now has 5 cities with home price-to-income ratios above 30x. Even in New York City, home price-to-income ratios just hit 10x. Living in… pic.twitter.com/C3rd30IF79 — The Kobeissi Letter (@KobeissiLetter) October 11, 2023
‘OSAKA – A team of scientists led by a Japanese pharmaceutical startup has been working on a drug to stimulate the growth of new teeth in what would be a world-first, aiming to put it on the market by around 2030. Toregem Biopharma, funded by Kyoto University, is expected to begin clinical trials on healthy …
