Biden Proposes Joint Military Action with Israel Against Iran

US media reports that the states have proposed to Israel to start developing joint military measures against Iran. — 𝕊𝕡𝕣𝕚𝕟𝕥𝕖𝕣 𝕻𝕣𝕖𝕤𝕤 (@SprinterPress) May 17, 2023 🚨🇮🇱🇺🇸 Biden administration proposed to Israel a few weeks ago the idea of engaging in joint military planning on Iran, but Israeli officials have so far treated the proposal with … Read more

Supreme Court upholds California ban on sale of flavored tobacco products

WASHINGTON —  The Supreme Court on Monday rejected a last-minute plea from the tobacco industry and cleared the way for California to enforce a statewide ban on the sale of most flavored tobacco products, including menthol cigarettes. The court’s action has the effect of upholding a measure passed by the Legislature in 2020, which in turn … Read more

Swiss government: “You’re going to buy this catshit.” UBS: “But, it’s actually not just catshit. It’s dogshit wrapped in catshit.” Swiss government: “You’re buying it anyway.”

via reuters: HONG KONG, May 17 (Reuters) – UBS Group AG (UBSG.S) was rushed into buying cross-town rival Credit Suisse Group AG (CSGN.S) in a deal it did not want, as a global bank crisis worsened the latter’s finances and prompted authorities to take swift action, a regulatory filing showed. UBS, in a Tuesday filing to the U.S. Securities … Read more

Germany and UK take note

Meanwhile, in Finland 🇫🇮 Germany 🇩🇪 and UK 🇬🇧 take note. pic.twitter.com/rsXXKy3Ztr — James Melville đźšś (@JamesMelville) May 17, 2023

WHY IS CNBC DEFENDING GEORGE SOROS?

CNBC asks Musk: Why criticize George Soros rather than make money? Er … why not? It’s possible to do both, at least if one doesn’t treat a massive political player as somehow sacrosanct and above criticism. On Monday, Elon Musk took a potshot at George Soros, which prompted an exchange with Brian Krassenstein over Soros’ impact … Read more

Annual inflation on supermarket own-label budget items in the UK stepped up to 25% in April and I bet that’s underreported

via theguardian: Some meat and vegetable lines at supermarkets have almost doubled in price over the past year, research has found, prompting fresh calls for the government to intervene as food industry figures gather for summit in Downing Street. Annual inflation on supermarket own-label budget items stepped up to 25% in April, according to the … Read more

S&P 500’s forward 12m operating margin has started to roll over this month

S&P 500’s forward 12m operating margin has started to roll over this month, but hasn’t yet cut below its recent April low pic.twitter.com/to4WkIJeiM — Liz Ann Sonders (@LizAnnSonders) May 17, 2023 #Earnings alert!To say something about the direction of company earnings, using bottom-up data only, will likely give you a biased view as analysts tend … Read more

Rental and wage inflation are still on the rise

NYC rental inflation hits fastest since 2005, per Bloomberg: pic.twitter.com/F4mTZkZrGx — unusual_whales (@unusual_whales) May 17, 2023 Atlanta FED median wage growth tracker Updated for April pic.twitter.com/hRJ65VgZXj — Alessio (@AlessioTMAD) May 17, 2023 Rising inflation is increasing anxiety among Americans. The high cost of — everything: Rising inflation rates are ramping up anxieties among some groups … Read more

US Housing Starts In April Crash -22.3% Since Last Year, 12 Consecutive Months Of Negative Growth (But Up 2.19% From March) As Fed Crashes M2 Money Growth

by confoundedinterest17 More bad news about the economy and housing sector under Biden/Yellen/Powell’s Reign of Economic Error. US housing starts are out for April 2023. The bad news? Housing starts tanked -22.3% year-over-year (YoY). The good news? US housing starts were up 2.19% from March to April. 1-unit detached starts were up 1.56% MoM while … Read more

The U.S now spends more money on servicing its debt than national defense….Medicare spending has almost reached $1 trillion

Good Morning Everyone! The U.S now spends more money on servicing its debt than national defense. Let that sink in. pic.twitter.com/VrDjjnRzXp — Genevieve Roch-Decter, CFA (@GRDecter) May 17, 2023 Medicare spending has almost reached $1 trillion pic.twitter.com/sn6WEqLaDG — Cheddar Flow (@CheddarFlow) May 16, 2023 🚨 The Treasury General Account fell an astounding $52 billion on … Read more