On Wire

Breaking news, updates, and reports on current events.

‘A crisis’: The US tampon shortage, explained

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“People who need menstrual products”? So I know about FEMALEs of a certain age needing them, but are The Soy heavy users as well? Not judging, just asking. Anyhoo, add this to the Brandon regime’s ever-growing list of success stories. People who need menstrual products are struggling amid a shortage of tampons in the US. … Read more

“Fed vows ‘unconditional’ inflation war, says soft landing still possible”

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(Reuters) -The Federal Reserve, fresh from its biggest interest rate hike in more than a quarter of a century, signaled on Friday that the rising risk of recession will not stop its battle to bring down searing inflation that’s punishing American households. “The Committee’s commitment to restoring price stability – which is necessary for sustaining … Read more

GOOGLE’S Bankruptcy Declaration; Russian Subsidiary Submits Bankruptcy Declaration-Ifax

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(Reuters) -The Russian subsidiary of Alphabet’s Google (NASDAQ:GOOGL) has submitted a declaration of bankruptcy, Interfax reported on Friday, citing court filings online. The subsidiary announced plans to file for bankruptcy in May after authorities seized its bank account, making it impossible to pay staff and vendors. https://www.investing.com/news/stock-market-news/googles-russian-subsidiary-submits-bankruptcy-declaration-ifax-2838149

Alasdair Macleod: A perfect storm in banking is brewing

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by Alasdair Macleod on Goldmoney: Banking regulators have made a prodigious error in their oversight of the commercial banking system by focusing almost solely on bank balance sheet liquidity as the principal determinant of risk exposure. And on the few occasions in the past when they have demanded banks increase their own capital, it has … Read more

Millions face mortgage misery…

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Millions of homeowners face mortgage misery after interest rates jumped for the fifth month in a row to a 13-year high of 1.25 per cent, which is this is the fastest that rates have risen over a six-month period since 1988. Borrowers with variable-rate deals will see their bills soar by hundreds of pounds a … Read more

Fed Chair Powell: “Rapid changes are taking place in the global monetary system that may affect the international role of the dollar.”

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NEW – Powell: "Rapid changes are taking place in the global monetary system that may affect the international role of the dollar." A US central bank digital currency is being examined to "help the US dollar's international standing." pic.twitter.com/htP6r1brNz — Disclose.tv (@disclosetv) June 17, 2022    

Dogecoin Disaster? Elon Musk is being Sued for $258 Billion for Crypto Pyramid Scheme

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Elon Musk, the world’s richest man, and his companies, Tesla Inc and SpaceX, are being sued for $258 billion over claims that he was involved in a Dogecoin cryptocurrency scheme that inflated the coin’s price and left investors with billion-dollar losses. What Happened: The class-action lawsuit, Johnson v. Musk, 22-cv-05037, accuses Musk of running a … Read more

*UPDATE* Second week of “Quantitative Tightening” and FED INCREASED its ~$9TN balance sheet by $14 Billion, including $20BN increase in residential MBS. As we’ve exposed, FED is buying more USTs and MBS than their own principal estimates. Zero explanation. Zero justification.

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*UPDATE* Second week of "Quantitative Tightening" and FED INCREASED its ~$9TN balance sheet by $14 Billion, including $20BN increase in residential MBS. As we've exposed, FED is buying more USTs and MBS than their own principal estimates. Zero explanation. Zero justification. https://t.co/EJtMSLnS82 pic.twitter.com/8s142NGvtE — Fix The Fed (@FixTheFed) June 16, 2022