Taxpayer Costs Skyrocket As Two-Thirds Of Jobless Benefit Recipients In Germany Are Migrants
Taxpayer Costs Skyrocket As Two-Thirds Of Jobless Benefit Recipients In Germany Are Migrants Authored by Thomas Brooke via ReMix News, Nearly two-thirds of German residents receiving unemployment benefits have a migration background, new figures from the Federal Employment Agency have revealed. The statistics published by the federal agency and cited by the Die Welt broadsheet showed that […]
Yellen Threatens German Banks With Sanctions; EU Approves Using Russian Asset Profits For Ukraine’s Defense
Yellen Threatens German Banks With Sanctions; EU Approves Using Russian Asset Profits For Ukraine’s Defense In a rare moment of tensions among allies, US Treasury Secretary Janet Yellen is demanding that German bank executives get serious about complying with anti-Russia sanctions, warning further that German banks could find themselves under sanctions. She warned them of secondary sanctions […]
Another Sanction Failure: The US Blacklisted Xiaomi Three Years Ago Now it Makes EVs
Another Sanction Failure: The US Blacklisted Xiaomi Three Years Ago Now it Makes EVs Authored by Mike Shedlock via MishTalk.com, Just three years ago, the Chinese company Xiaomi decided to build cars. It succeeded where Apple failed. The Wall Street Journal reports A Chinese Phone Maker Did Something Apple Couldn’t: Make an EV Xiaomi is a […]
Visualizing European Nation’s Top Exports
Visualizing European Nation’s Top Exports The European Union (EU) exports over $6 trillion in products annually. The bloc boasts a diversified economy that encompasses fuel and mineral industries, cars, vaccines, and technology. In this map, Visual Capitalist’s Bruno Venditti displays European Union countries’ top exports as of 2022. Data for the map was sourced from The Observatory of […]
Vitalik Buterin Stresses AI Risks Amid OpenAI Leadership Upheaval
Vitalik Buterin Stresses AI Risks Amid OpenAI Leadership Upheaval Authored by Savannah Fortis via CoinTelegraph.com, Ethereum co-founder Vitalik Butertin has shared his take on “superintelligent” artificial intelligence, calling it “risky” in response to ongoing leadership changes at OpenAI. On May 19, Cointelegraph reported that OpenAI’s former head of alignment, Jan Leike, resigned after saying he had […]
Pandemic Winners Struggle In The Post-Pandemic World
Pandemic Winners Struggle In The Post-Pandemic World Zoom Video Communications, the company that rose to fame during the early days of the pandemic, reported earnings for the first quarter of its fiscal year 2025 on Monday, narrowly beating analyst expectations but disappointing investors with its short-term outlook. Adjusted earnings per share were up 16 percent […]
Tech Poised To Be Commodity’s Friend And Disinflation’s Nemesis
Tech Poised To Be Commodity’s Friend And Disinflation’s Nemesis Authored by Simon Black, Bloomberg macro strategist, Increasing power and raw-material demand from new technology such as generative AI and EVs is likely to be a secular tailwind for commodities and thus an impediment to a return to a low-and-stable inflation regime. Energy stocks are likely […]
China Slaps Boeing, Lockheed, Raytheon With Sanctions Over Arms Sales To Taiwan
China Slaps Boeing, Lockheed, Raytheon With Sanctions Over Arms Sales To Taiwan It has been a turbulent week for Sino-US relations. Beijing criticized US Secretary of State Antony Blinken over his support for Taiwan’s new president, and the Chinese Ministry of Foreign Affairs (MOFA) imposed sanctions on US defense firms over Taiwan support. President Lai Ching-te was […]
Futures Drop, Yields Jump On Red-Hot UK Inflation, Nvidia Earnings On Deck
Futures Drop, Yields Jump On Red-Hot UK Inflation, Nvidia Earnings On Deck US futures are lower on Nvidia day; with the stock down 56bps in premarket trading, while Mag7 and semis are also all lower pre-mkt. As of 7:20am, S&P futures are down 0.1%, just off session lows amid signs of sticky inflation that dampened […]
Target Shares Tumble After Retailer Reports ‘Caution’ About Weak Consumer
Target Shares Tumble After Retailer Reports ‘Caution’ About Weak Consumer Target’s shares slumped in premarket trading in New York after the retailer’s comparable sales missed Wall Street’s consensus estimates for the quarter that ended May 4. This comes as Goldman analysts have warned about faltering low-income consumers in the era of failed Bidenomics. Comparable sales—those from stores […]