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“Biden’s ‘unifying’ race riots and more” Diary of disturbing disinformation and dangerous delusions This statement: “Two summers ago, in the middle of a pandemic, we saw protests across the nation the likes of which you hadn’t seen since the 1960s. They unified people of every race and generation. Athletes and sports leagues boycotted and postponed…
“Team Biden might be purposefully crushing the middle class” Vladimir Lenin supposedly once said, “The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.” There’s some doubt as to whether this line is genuine; regardless, it seems like a pretty good description of what the Biden administration is…
“Dow soars 500 points as stock market recovers from slump” Wall Street continued its recovery from a seven-week losing streak on Thursday as investors seized on apparent signs that the worst of sky-high inflation may be over. The Dow Jones Industrial Average rose 516.91 points, or 1.6%, to 32,637.19 and the Nasdaq rose 2.9%. The…
“Back-to-office shopping sprees fueling huge growth at Macy’s” Macy’s shares soared 19% on Thursday after the department-store giant reported better-than-expected profits, saying its customers are splurging on new work outfits as they return to the office post-pandemic. The largest department store in the US is selling lots of blazers, dresses, accessories and make-up as consumers…
“Apple raising pay for workers during inflation surge, union push” Apple is raising pay for its workers as inflation crimps wages in a tight labor market — and as the iPhone maker faces a widening unionization push at its retail stores. The tech giant said it would boost its minimum starting hourly pay rate for…
“US economy shrank by 1.5% in first quarter of 2022” The US economy shrank in the first three months of the year even though consumers and businesses kept spending at a solid pace, the government reported Thursday in a slight downgrade of its previous estimate for the January-March quarter. Last quarter’s drop in the US…
” World Bank won’t support Central African Republic’s Sango crypto hub “ The World Bank has signalled its concerns over the Central African Republic (CAR) adopting Bitcoin (BTC) as a legal currency and says it won’t support the newly announced “Sango” crypto hub. At the end of April CAR president Faustin-Archange Touadéra established a regulatory…
” Low inflation or bust: Analysts say the Fed has no choice but to continue raising rates “ As economic conditions continue to worsen, financial experts worldwide are increasingly placing the blame at the feet of the Federal Reserve after the central bank was slow to respond to rising inflation early on. Financial markets are…
“NYC-area gas prices top $5 ahead of Memorial Day weekend” New York motorists are already paying more than $5 per gallon in some parts of the state as surging oil prices cause more financial pain at the pump ahead of the busy Memorial Day holiday travel weekend. The average price of a gallon of regular…
“Reality bites traders, memers and crypt-iots” Melvin Capital is maybe the first — but certainly won’t be the last — hedge fund hammered out of business as markets wean themselves off the heroin of cheap money that has propelled stocks and just about everything else for the past two-plus years. Hedge-fund investors, even those who…