finance
From bears to bulls to AI booms
Bears did it again? The massive move lower in the AAII bull – bear spread (outlined here) has resulted in markets squeezing lately. Nothing new, but frustrating for the crowd. Source: Refinitiv Smart money Smart or not, but they missed the latest squeeze… Source: Barclays Buyback ATH 29% of global stocks are buying back their shares,…
Read MoreJPMorgan Chase to spend $200 million on carbon dioxide removals
LONDON, May 23 (Reuters) – U.S. bank JPMorgan Chase & Co (JPM.N) will spend over $200 million on carbon dioxide removal credits to take away and store 800,000 tons of emissions as part of its sustainability efforts, it said on Tuesday. Even with pledges of huge reductions in emissions, many scientists believe extracting carbon dioxide (CO2) by…
Read MoreEurope Agrees To Remove Energy Support Stimmies To Cut Budget Deficits
In a move that could send Europe into an even a deep recessionary tailspin and crush the continent’s long-suffering consumers, should Europe’s energy problems extend into the new year – which they almost certainly will – last Thursday Euro zone finance ministers agreed to withdraw energy support measures to their economies and use the savings to…
Read MoreAmazon To Invest $100M In Generative AI Center
Amazon To Invest $100M In Generative AI Center
Read MoreGermany And The EU Are Hopelessly Behind On EVs & Artificial Intelligence
The EU is hopelessly behind the US and China on technology that will lead the future. It will stay that way… Sleepwalking Into Oblivion Eurointelligence has an interesting article on how Germany is Sleepwalking Into Oblivion. Current policy debates are rightly focused on the consequences of global bifurcation. But perhaps an even bigger danger for the EU is…
Read MoreAlphabet Shares Slide On Report Samsung Abandoning Google For Bing
Shares of Alphabet slid during premarket trading in New York on Monday following a New York Times report on Sunday that revealed South Korean consumer electronics giant Samsung was considering replacing Google with Microsoft’s Bing as the default search engine on its devices. NYT said Google’s employees were “shocked” when they heard about the news in March.…
Read MoreUBS May Slash 36,000 Positions Following Credit Suisse Takeover
The forced bail-in sale of Credit Suisse to UBS will lead to a staggering number of job cuts, ranging from 20% to 30%, which equates to a reduction of approximately 25,000 to 36,000 positions, as reported by SonntagsZeitung newspaper, quoting insiders. Earlier this month, UBS agreed to acquire its struggling competitor Credit Suisse for 3 billion Swiss francs ($3.3…
Read MoreWorld Bank Warns Of ‘Lost Economic Decade’ As Turmoil Spreads
The world is in a precarious situation, with the potential for nuclear conflict. Central banks are taking aggressive measures to address decades-high inflation by raising interest rates, which in turn is causing a banking crisis in the Western world. As recession risks surge worldwide and international trade fractures, the future of the global economy appears…
Read MoreHyperinflationary Hell: Lebanese Central Bank Devalues ‘Lira’ By 90%
Cash is now king in Lebanon, where a three-year economic meltdown has led the country’s once-lauded financial sector to atrophy and turned the country into a Venezuelan-esque hyperinflationary hell. The country has been hit hard by events over the past few years, starting with COVID. In August 2020, the city of Beiruit was practically destroyed by…
Read MoreThe “Price Shock” is Just Starting: German Industry To Pay 40% More For Energy Than Pre-Crisis
Back in August 2022, repo plumbing guru Zoltan Pozsar published a fascinating chart showing how “$2 Trillion Of German Value Depends On $20 Billion Of Russian Gas” or specifically, how Germany had applied some 100x leverage – much more than Lehman – on cheap commodities, and mostly Russian gas, to cheaply run its export-driven economic miracle for decades.…
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