Q2 GDP Unexpectedly Soars To 2.8%, Crushing Estimates As Core PCE Prints Hot
Q2 GDP Unexpectedly Soars To 2.8%, Crushing Estimates As Core PCE Prints Hot After yesterday’s panicked oped by idiot Bill “recession is here, so cut rates before Trump is elected” Dudley, expectations were for a Q2 GDP print this morning at zero if not outright negative to greenlight a July rate cut. Of course, that […]
US Durable Goods Orders Plunged In June As Non-Defense-Spending Crashed
US Durable Goods Orders Plunged In June As Non-Defense-Spending Crashed The headline US durable goods new orders print for preliminary June data was a disaster – plunging 6.6% MoM (vs expectations of 0.3% MoM rise!). That dragged goods orders down Source: Bloomberg However, through the rose-colored glasses of everything’s still awesome, core durable goods orders […]
“All Men Are Created Equal”: University Of Oregon Loses Key Motion In Free-Speech Case
“All Men Are Created Equal”: University Of Oregon Loses Key Motion In Free-Speech Case Authored by Jonathan Turley, We previously discussed the free speech lawsuit of Portland State University Professor Bruce Gilley who was blocked from the Twitter account of the University of Oregon’s Division of Equity and Inclusion after tweeting “All men are created equal.” The […]
Futures Drop As Japan, European Stocks Tumble On AI Bubble Bursting Fears
Futures Drop As Japan, European Stocks Tumble On AI Bubble Bursting Fears US equity futures are lower but well off their worst levels, after a rout in Japan sent the Nikkei tumbling, hammered gold and crypto as the yen carry trade unwound – if only until next week when the BOJ inevitably disappoints yet again. […]
“Create Some Unwelcome” Noise: Universal Music Crashes 30% On Streaming Revenue Woes
“Create Some Unwelcome” Noise: Universal Music Crashes 30% On Streaming Revenue Woes Shares of Universal Music Group plummeted up to 30% in Amsterdam on Thursday after the world’s largest record label, representing top artists like Taylor Swift, Billie Eilish, Drake, Adele, and Ariana Grande, reported disappointing second-quarter earnings. The report fell short of investor expectations regarding subscription […]
The Percentage Of Americans That Worry They Won’t Be Able To Pay Their Bills Is Higher Than It Was During The Great Recession
The Percentage Of Americans That Worry They Won’t Be Able To Pay Their Bills Is Higher Than It Was During The Great Recession Authored by Michael Snyder via The Economic Collapse, Do you remember how painful the Great Recession was? 2008 and the years immediately following were definitely a very dark chapter in our history, […]
Rosie The Riveter Is Back. New Ad Campaign Entices Gen-Zers To Quit Gig Economy For Welding Career
Rosie The Riveter Is Back. New Ad Campaign Entices Gen-Zers To Quit Gig Economy For Welding Career We’ve all heard the liberating stories about the ‘gig economy’—breaking free from nine-to-five jobs and offering flexibility. For many Americans, it sounded super enticing. However, once in the gig economy, the reality is very different. The pay is often horrendous, and there’s no work-life […]
More Guns, Less Butter: How Will The EU Wed Austerity To Militarization?
More Guns, Less Butter: How Will The EU Wed Austerity To Militarization? Authored by Conor Gallagher via NakedCapitalism.com, US President Joe Biden, long showing signs of decline, is now officially done for in five months time, if not sooner. The current odds-on favorite to be the next president speaks often about turning away from Europe. […]
Mexicans Work More Hours Than Anyone… Germans Not So Much
Mexicans Work More Hours Than Anyone… Germans Not So Much Do you feel like you work too much? Curious about how long people work in other countries? In this graphic, Visual Capitalist’s Marcus Lu ranked OECD countries based on average working hours per year, as of 2023. It reveals a wide gap between the longest […]
George Orwell Is Being Cancelled
George Orwell Is Being Cancelled Authored by Paul Sutton via DailySceptic.org, Orwell observed how some writers are so important that cultural and political “ownership” of their work is fiercely contested. He said this of Dickens and Shakespeare, so would be delighted that he’s now firmly in that camp. But I think he’d be less happy […]