SKYNET ATTACKS: ChatGPT AI Lists Jobs It Can Do Better Than Humans As Millions Could Be Put Out Of Work…

by

OpenAI’s wildly popular chatbot, ChatGPT, is expected to replace 4.8 million U.S. jobs, according to a new report. Outplacement and executive coaching firm Challenger, Gray & Christmas recently asked ChatGPT’s bot a series of questions, including “What jobs can ChatGPT replace?” and in what fields the bot would be most capable of working, according to … Read more

GET WOKE, GO BROKE: Springfield, Missouri beer distributor cancels Budweiser Clydesdales appearances

by

holy shit pic.twitter.com/wuUC15YQrX — Tim Pool (@Timcast) April 6, 2023 PR Expert: ‘Bud Light Lit Brand on Fire, People Pouring Beer Down Their Sink.’ Gareth Boyd, the marketing & PR director at Forte Analytica, says Bud Light lit its brand on fire and has lost touch with its core audience with the ad campaign. “I … Read more

IRS wants to increase audits by 10X…

by

The IRS hopes to increase tax audits on the wealthiest taxpayers tenfold under the Biden administration’s plan for the agency, according to a senior administration official and the IRS’s new strategic operating plan. IRS and Treasury Department officials said Thursday that they will use $80 billion in new funding for the tax service to claw back unpaid … Read more

Betting against First Republic, short sellers made $848 Million in March – Ortex

by

April 4 (Reuters) – Short sellers made a whopping $848 million in paper profit by betting against beleaguered First Republic Bank (FRC.N) in March, financial data company Ortex said on Tuesday, making it the most profitable short trade last month. https://www.reuters.com/markets/us/betting-against-first-republic-short-sellers-made-848-mln-march-ortex-2023-04-04/

The bank with highest short positions – $TD

by

by Gofighting777 $TD the Canadian bank has 3.7 billion short positions right now for 4 reasons: The bank is in a deal to buy US regional bank First Horizon ($FHN) with $13.4 billion. As First Horizon is current trading at $17 (32% below the acquisition price $25 pre share), investor think TD overpaid for the … Read more

BlackRock tapped by FDIC to manage Silicon Valley Bank and Signature Bank securities portfolio sale

by

FDIC chose BlackRock to handle securities portfolios worth $27 billion and $87 billion from recently failed banks Silicon Valley Bank and Signature Valley Bank. Similar to how in 2008 the US government chose BlackRock to handle toxic assets from Bear Stearns and AIG, and in 2020 when the US government chose them to handle the … Read more

American banks are sitting on a TIME BOMB of $1.7 trillion in unrealized losses

by

by: Arsenio Toledo (Natural News) Banks in the United States are sitting on a time bomb of unrealized losses totaling around $1.7 trillion. This is according to a study released on March 13 by the New York University Stern School of Business (NYU Stern) that took a closer look at the unrealized losses banks in the U.S. were likely holding. … Read more

#ClownWorld lunacy stops when “woke” companies pushing globalist agendas are boycotted into insolvency

by

by Simian_Stacker I can almost guarantee that the people who drink budlight are the same people these idiots pissed off. Why do these companies to this rather than stay neutral? Are they being compensated, tax breaks? It makes no sense. Imagine selling beer at a basketball game and you’re wearing one team’s jersey and booing … Read more

Frank Giustra: China is now content to let gold move higher?

by

I have been puzzled last few months as to why China started reporting its gold purchases after remaining silent since 2019, and why they were relatively small purchases.Perhaps they have as much gold as they need and are now content to let the price move higher? https://t.co/JHDth73KWP — Frank Giustra (@Frank_Giustra) April 5, 2023

‘The resulting erosion of collateral will collapse the global credit bubble, a repricing/reset that will bankrupt the global economy and financial system.’

by

CHARLES HUGH SMITH: Global Bankruptcy Already Baked In Scrape away the complexity and every economic crisis and crash boils down to the precarious asymmetry between collateral and the debt secured by that collateral collapsing. It’s really that simple. In eras of easy credit, both creditworthy and marginal borrowers are suddenly able to borrow more. This flood of new cash seeking … Read more

Challenger Job Cuts UP 319% YoY, Highest Ever In Non-Recession OR Are We Actually In A Recession? (Technology And Financial Sectors Lead Job Losses)

by

by confoundedinterest17 The Challenger, Gray and Christmas job cuts report is out for March and it revealed a year-over-year (YoY) increase in US job cuts of 319%. That is the largest increase in job cuts for a non-recession month. In other words, this feels like a recession. Where were the job cuts in March? Technology got blasted … Read more