Month: January 2023

Bidenomics: 3M Cutting Thousands of Jobs, Profits Tumble

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Multinational conglomerate 3M will cut 2,500 global manufacturing roles after fourth-quarter profits plummeted due to a slowing economy. Mike Roman, chairman and CEO of 3M, said in a release, “In a year impacted by inflation, global conflicts, and economic softening, our team took actions to position 3M for future success.” But, he added, “We expect … Read more

Gold price jumps to 8-month high, eventually settles above $1,900 level

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by: Roy Green (Natural News) Gold prices vaulted to their highest in eight months on Jan. 17 before settling at the $1,900 level. This followed the U.S. dollar tumbling and inflation slowing down, raising hopes of lower interest rate hikes from the Federal Reserve. The U.S. gold futures contract reached $1,931.80, the yellow metal’s highest since hitting … Read more

REPORT: Newsmax to be deplatformed from DirecTV.

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New reports have revealed that there’s a “90 percent chance” that conservative news channel Newsmax will be dropped by DirecTV “tonight.” According to Fox Business Senior Correspondent Charles Gasparino, people close to Newsmax revealed the likelihood that the news channel would be removed, becoming the second conservative news channel to be removed from the TV … Read more

Google CEO defends job cuts in animated town hall as employees demand clarity on process

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https://www.cnbc.com/2023/01/23/google-ceo-defends-layoff-process-in-heated-town-hall-monday.html Pichai said he consulted with the founders and controlling shareholders, Sergey Brin and Larry Page, as well as the board of directors. Pichai said 2021 marked “one of the strongest years we’ve ever had in the history of the company,” with 41% revenue growth. Google increased head count to match that expansion, and Pichai … Read more

Las Vegas Judge Commits Suicide After Facing Ethics Probe For Demanding An Investigation Into Alleged Sex Trafficking Ring

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A former Las Vegas Judge committed suicide a year after she resigned from her position after facing an ethics investigation. Per the Clark County coroner’s office, Judge Melanie Andress-Tobiasson died of a self-inflicted gunshot wound. According to Andress-Tobiasson, she resigned in an attempt to avoid a complicated ethics investigation that started when she attempted to … Read more

China slams US over ‘catastrophic’ debt Beijing has urged Washington to conduct responsible monetary policy to avoid a default on payments

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China slams US over ‘catastrophic’ debt Beijing has urged Washington to conduct responsible monetary policy to avoid a default on payments China has rebuked the US for its brinkmanship over the nation’s “catastrophic debt problem” as Washington approaches a statutory debt ceiling this week that could see the country defaulting on its obligations. The criticism … Read more

US January S&P Global flash manfacturing PMI 46.8

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Manufacturing 46.8 vs 46.0 expected Prior was 46.2 Services PMI 46.6 vs 45.0 expected Prior services 44.7 Composite 46.6 vs 44.6 prior New orders declined, led by manufacturing Cost burdens increased for the first time in eight months Backlogs of work fell Business optimism hit a four-month high This is a better reading but below … Read more

Winter Is Coming! Richmond Fed Outlook Declines To -11 As Philly Fed Outlook Down To -8.9 And NY Empire State Outlook Down To -32.9 (US 10Y-3M Yield Curve Inverts To -126.5 Basis Points)

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by confoundedinterest17 Three regional Fed reports I like to watch are New York’s Empire State Outlook, Philly Fed’s Outlook and Richmond Fed’s outlook. Today, The Richmond Fed released their manufacturing outlook and … it declined to -11. So the big three are all down (Philly down to -8.9 while NY’s Empire State outlook is down … Read more

Stock Market Rigged – Newyork Exchange Gets Wave Of Sell Orders, Briefly Unleashing Stock-Market Chaos

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Seems like no one is talking about this ? wtf They basically shut down the market when people started putting orders for sell. https://www.chicagobusiness.com/finance-banking/glitch-causes-nyse-stock-chaos At least 40 S&P 500 Index stocks were hit with trading halts, according to data compiled by Bloomberg. Other impacted shares included the likes of Walmart Inc. and McDonald’s Corp. These … Read more

Paul Krugman: Inflation Appears to Be Mostly a Myth, Transitory and Behind Us, as Long as You Remove Food, Energy, and Shelter

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Oh, and the "government spending creates inflation" trope kind of missed its moment, with the 2021-22 inflation surge looking, um, transitory 5/ pic.twitter.com/UjN3E7C5rS — Paul Krugman (@paulkrugman) January 22, 2023 We'll get more data in the weeks ahead, but at this point the burden of proof lies on anyone claiming that we had more than … Read more

WAY OVERDUE: DOJ Sues Google alleges Digital Ad Monopoly Seeks to Break Up Unit

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via breitbart: WASHINGTON (AP) — The Justice Department and several states sued Google on Tuesday, alleging that its dominance in digital advertising harms competition. The government alleges that Google’s plan to assert dominance has been to “neutralize or eliminate” rivals through acquisitions and to force advertisers to use its products by making it difficult to … Read more