House speaker fight goes to 10th vote, most since pre-Civil war, per WSJ. — unusual_whales (@unusual_whales) January 5, 2023 via dailycaller: Republican California Rep. Kevin McCarthy failed to ascend to the speakership on the ninth straight ballot, with a gang of 21 holdouts forcing the House of Representatives to a 10th speaker ballot for the … Read more
by confoundedinterest17 Silvergate! Silvergate Capital Corp. shares plunged after the bank said the crypto industry’s meltdown triggered a run on deposits, prompting the company to sell assets at a steep loss and fire 40% of its staff. Customers withdrew about $8.1 billion of digital-asset deposits from the bank during the fourth quarter, which forced it to … Read more
by: Ethan Huff (Natural News) Half of the food production plants owned and operated by Cofigeo, a large French food conglomerate, have shut down as the company says its energy costs are just too high to stay in full operation. Four of Cofigeo’s eight food production plants are now closed, reports indicate – these amounting to 80 … Read more
Hackers stole the email addresses of more than 200 million Twitter users and posted them on an online hacking forum, a security researcher said Wednesday. The breach “will unfortunately lead to a lot of hacking, targeted phishing and doxxing,” Alon Gal, co-founder of Israeli cybersecurity-monitoring firm Hudson Rock, wrote on LinkedIn. He called it “one … Read more
Former secretary of state and two-time failed presidential candidate Hillary Clinton will join the Columbia University School of International and Public Affairs as a professor, the school announced Thursday. Welcome Secretary @HillaryClinton to our community! The former secretary of state, U.S. senator, and First Lady will become a faculty member at @ColumbiaSIPA and @Columbia World … Read more
New York Attorney General Letitia James alleges Alex Mashinsky defrauded thousands of investors, lying to them about the extent of losses when he was CEO of now bankrupt crypto exchange Celsius. James seeks to bar Mashinsky from working in the securities industry or as an executive in New York state and to compel him to … Read more
YOUR TURN, TVA: Apologies and acceptance from Duke Energy over recent rolling blackouts. Bowman said they began to see a divergence between actual power demand and their forecast on the evening of Dec. 23, alerting them that their reserves would be tighter than expected on the DEC system, and saw the same divergence on the DEP … Read more
by confoundedinterest17 December’s ADP jobs report is out and it is a good news. bad news type of report. First, the good news. 235k jobs were added in December. Now for the bad news, job stayers saw their annual salary growth fall to 7.3% Year-over-year (YoY). But while job growth remains good (which will allow The … Read more
Markets have been in the same range for over two weeks now. Every time we get to the top of the range, more bulls are trapped. Every time we get to the bottom of the range, more bears are trapped. The market wants to trap you before the next big move. Textbook consolidation. — The … Read more
Passing laws isn't as simple as Schoolhouse Rock made it seem. The Speaker of the House has enormous power over the process, so if he just wants to uphold the status quo, good luck getting anything meaningful passed. This what the Speaker debate is really about. pic.twitter.com/BUAPFcnPKQ — Glenn Beck (@glennbeck) January 5, 2023