Investment Watch Blog

Joe Biden says he visited the island of Ireland last month to make sure the “Brits didn’t screw around”. The US president – who is vocal about his Irish ancestry – made the comments at an event for the Democratic Party in New York on Wednesday. In remarks published later on the White House website, … Read more

HSBC has downgraded Anheuser-Busch InBev stock to hold amid a “crisis” following Bud Light’s marketing campaign featuring transgender activist Dylan Mulvaney. Carlos Laboy, managing director at HSBC’s global beverage sector, told CNBC that there are “deeper problems than ABI admits” after the social media partnership with Mulvaney in April. “Is ABI’s leadership getting the brand … Read more

Apparently hundreds of companies are about to be de-listed. Original Source: https://www.reuters.com/markets/us-watchdog-says-it-found-unacceptable-problems-with-chinese-company-audits-2023-05-10/ WASHINGTON, May 10 (Reuters) – A U.S. accounting watchdog found unacceptable deficiencies in audits of U.S.-listed Chinese companies performed by KPMG in China and PricewaterhouseCoopers in Hong Kong, the government agency said on Wednesday. The U.S. Public Company Accounting Oversight Board (PCAOB)published the … Read more

via YAHOO: Giant banks and regional lenders with more than $5 billion in assets will help pay for the March failures of Silicon Valley Bank and Signature Bank, according to a new proposal from the Federal Deposit Insurance Corporation, sparing small community institutions from footing part of the bill. The FDIC now estimates that it … Read more

via reuters: NEW YORK, May 10 (Reuters) – The cost of insuring exposure to U.S. government debt rose to fresh highs on Wednesday, as President Joe Biden and top lawmakers remained deadlocked in talks over raising the $31.4 trillion federal borrowing limit. Spreads on U.S. one-year credit default swaps (CDS) – market-based gauges of the … Read more

Would be a shame if this clip of Kaitlin Collins calling George Soros a “foreign-born” lib who wants to “replace” the American population went viral pic.twitter.com/V4IJkYu9MA — Benny Johnson (@bennyjohnson) May 11, 2023 Download: https://video.twimg.com/ext_tw_video/1641830469342732289/pu/vid/1280×720/pGX3NIFq7ePcaU0P.mp4?tag=12 https://twitter.com/_/status/1656466746222469121?ref_src=twsrc%5Etfw h/t dr0id

Trump buried CNN’s Kaitlan Collins🔥RIP CNN 🪦💀meme collab with @NautPoso 🤝🇺🇸 pic.twitter.com/EsptZLqdtu — Emma_Mitchem 🇺🇸 (@emma_mitchem) May 11, 2023 Trump and CNN pic.twitter.com/EvDsyisHrT — Raised Right (@RightMsmagnolia) May 11, 2023 https://twitter.com/_/status/1656647104498991104 Exiting the CNN studio, unbothered! 😂😂😂 pic.twitter.com/iJNNzYLclp — 🇺🇸ProudArmyBrat (@leslibless) May 11, 2023 CNN last night pic.twitter.com/82tFboQevY — Ultra MAGA Joyce Day (@Daytobehappy) May … Read more

We’ve gotten a lot of emails about the paywall. It’s heartbreaking that we’ve done this, and we know that many readers can’t afford it. Nonetheless, our financial situation forced us to do so. To minimize the impact, I decided raised the the monthly cap from 50 to 100. That means the paywall appears only after … Read more

*DIMON: COMMERCIAL REAL ESTATE, OFFICE LOANS ARE AN ISSUE *DIMON: COMMERCIAL REAL ESTATE LOSSES MAY TAKE A FEW BANKS DOWN — zerohedge (@zerohedge) May 11, 2023 Regulators should look at a short-selling ban on banks, JPMorgan CEO Jamie Dimon says "They should go after them, and vigorously," he tells @flacqua https://t.co/bNlxqzSkJh pic.twitter.com/EZpJQKOKz1 — Bloomberg TV … Read more

via wallstreetonparade: The systemic threats to the U.S. financial system were not remedied when Congress passed the watered-down Dodd-Frank financial reform legislation in 2010. While that has been evident with each Federal Reserve bailout of the mega banks and their derivative counterparties, the threat has now gained increased urgency for Congress to confront as a … Read more

‘Scotland’s social care watchdog has said children as young as 12 should be allowed to consent to trans-affirming medical care – including puberty blockers. The advice doled out by the Care Inspectorate has already raised eyebrows following concerns about the ethics of childhood transition – with more detransitioners coming forward. The guidance recommends staff should … Read more

A Canadian police officer who donated just $50 to the Freedom Convoy protest could face up to 140 hours of unpaid work. The punishment was recommended by his employer, Windsor Police, at a penalty hearing last week. In February 2022, Constable Michael Brisco donated $50 to the Freedom Convoy protest via the crowdfunding platform GiveSendGo. … Read more

City supervisors in San Francisco on Tuesday voted to give police the ability to deploy potentially lethal, remote-controlled robots in emergency situations. The move would allow officers to use ground-based robots to carry out deadly force “when risk of loss of life to members of the public or officers is imminent and officers cannot subdue … Read more

https://twitter.com/BernieSpofforth/status/1655881605590728705?ref_src=twsrc%5Etfw

There are few things the EU Commission (the EU’s executive arm) would like to present more than the bloc and its institutions speaking with one voice, particularly on controversial topics, such as attempts to destroy encryption. However, documents leaked from the EU Council Legal Service regarding the legality of a proposal known as “chat control” … Read more