Update (0809ET): Ant Group has been slapped with a 7.12 billion yuan fine from the People’s Bank of China. * * * Shares of Alibaba Group were higher in the premarket US session after Reuters […]
One month after Elon Musk met with top Chinese officials, praised the country’s technology development, and visited Tesla’s Shanghai factory, the world’s richest man signed a truce with Chinese automakers to end the yearslong brutal […]
For those fascinated by the narrative that AI will cause a margin-busting corporate revolution as millions of mid-level employees are replaced by a cheap “bullshitting” AI algo, then today’s latest JOLTS report will come as […]
Oil prices are down this morning after the ‘good news is bad news’ data from the US offsetts additional production-cut announcements this week from OPEC-plus members Saudi Arabia and Russia. Crude remains about 10% lower […]
By Benjamin Picton, senior macro strategist at Rabobank Be Careful What You Wish For In April of this year, Christine Lagarde gave a speech before the Council on Foreign Relations in New York in which […]
White House aides have reportedly been warned not to discuss the actual number of grandchildren President Joe Biden has, after Hunter Biden successfully settled with his stripper baby-mama to deprive his 4-year-old estranged daughter of […]
Since the last FOMC meeting on June 14th – when The Fed ‘paused’ its hiking cycle (but pressed its view, via The Dots, that the cycle has at least 2 more hikes in it) – […]
Via The Cradle, Israel’s Ministry of Defense announced the purchase of a third squadron of F-35 stealth fighter jets in a deal worth $3 billion, Reuters reported on Sunday. Israel will now boast 75 of […]
Authored by Pepe Escobar, The main problem faced by Russia is not the Hegemon and NATO: it’s domestic… The secret of a perfect psyop is that no one really understands it. A perfect psyop […]
Authored by Chris Hedges via Scheerpost.com, The U.S. public has been conned, once again, into pouring billions into another endless war… The playbook the pimps of war use to lure us into one military […]
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