There was some good news and some bad news in today's jobs report...
Mexican cartels have increased their profits to over $13 billion a year through human smuggling and drug trafficking operations.
The market is starting to lose it.
"Peter notes that when new technologies come to life it's associated with enthusiasm and stock prices rise which evidentially can lead to bubbles."
The plan is expected to bring at least partial debt cancellation for nearly 30 million borrowers...
"This guy is probably going to try to lock him [Trump] up. And it’s going to be ugly…"
“My values have not changed,” replied Harris, pretending to be pro- and anti-fracking simultaneously...
A trend emerges: cops holding parents accountable for letting kids access guns...
"So, it was the most predictable outcome that I could ever have seen in our steel business. How come a company, a foreigner..."
...ruled against RFK Jr.’s request to be removed from the North Carolina ballot, stating that the harm to him would be minimal...
"If Berkshire keeps selling, its stake in the second-largest US bank could soon slide below the..."
...soon see how the disparity between low initial claims data – which typically inversely leads payrolls – is resolved...
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"There’s likely to be volatility in markets as we work through whether or not we can actually have a soft landing. Investors need to be ready for more volatility, based upon a transition from a rate-hike cycle to a rate-cut cycle."
While it is common knowledge by now that the Fed will cut rates by 25bps on Sept 18, the question remains whether the cut will be 25bps or 50bps. The answer will be determined by Friday's nonfarm payrolls report.
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...unregulated free speech “has to stop” and that there is a danger to the country when people are allowed to “directly speak... to millions and millions of people without any level of oversight and regulation.”
"Still, it's a notable detail because it suggests that the paid version of ChatGPT, which was recently on pace to generate $2 billion in revenue annually, largely from $20-per-month subscriptions, may not be growing fast..."
Hand-in-hand with the endless spew of new "money" and credit are financialization and globalization , which have transformed every asset...