by Player896 Morning economic data: November retail sales (m/m) -0.6% vs -0.2% expected; October retail sales were +1.3% m/m Empire Fed manufacturing survey -11.2 vs -1.0 expected Philly Fed manufacturing survey -13.8 vs -12.0 expected Weekly jobless claims down 20k from last week; 211k vs 234k expected November US industrial production -0.2% vs +0.1% expected Manufacturing activity … Read more
A Texas nurse has filed a lawsuit to stop Joe Biden from turning VA hospitals into abortion clinics. Leading pro-life groups ar concerned that a $71 million increase in taxpayer funding to the Office of Women’s Health at the Department of Veterans Affairs will be used illegally to fund abortions. Since 1992, the Department of Veterans … Read more
The Washington Post, which has lost 500k subscribers in the past year, has announced layoffs are coming to the paper. The meeting didn’t go well. pic.twitter.com/hOoeyI70jj — Clay Travis (@ClayTravis) December 14, 2022 The Washington Post is the latest media company to announce layoffs as the industry grapples with a softening ad market. Publisher Fred … Read more
https://www.marketwatch.com/ https://www.cnbc.com/2022/12/14/stock-market-futures-open-to-close-news.html
A surge in trading activity in the 60 seconds before the release of critical November inflation data this week has sparked speculation that the closely watched report was prematurely leaked. Stock futures surged more than 1% just before the November edition of the Consumer Price Index was due for release Tuesday morning at 8:30 a.m. … Read more
A Disney investor has filed a lawsuit against the company for pushing its “woke” agenda, arguing that meddling in Florida’s politics created sudden financial losses when shares prices plunged in response. The complaint was unsealed after it was filed in Delaware Chancery Court. The lawsuit alleges that Disney’s response to Florida’s Parental Rights in Education act fostered … Read more
WASHINGTON (AP) — In one of its final acts of the year, the House passed bipartisan legislation late Wednesday that would empower law enforcement agencies across the country to adopt de-escalation training when encountering individuals with mental health issues as part of an effort to reduce the number of officer-involved fatalities. The bill passed 264-162 with Republican … Read more
Once again, Congress has blown past the end of the fiscal year without passing appropriations bills, thus setting up a government spending fight just before Christmas. The defeated outgoing Democratic House majority is hoping some Hollywood-style flair will hide their true aim; namely, to stuff trillions of dollars in new spending down the throats of the American public. There … Read more
President Joe Biden hosted a meeting for African leaders that began on Tuesday, during which the White House promised more details of the massive benefits package would be divulged. “Working closely with Congress, the U.S. will commit $55 billion to Africa over the course of the next three years across a wide range of sectors … Read more
Source: https://www.sec.gov/news/press-release/2022-228 The Securities and Exchange Commission today announced fraud charges against Lawrence Billimek, an employee of a major asset management firm with securities portfolios worth billions of dollars, and Alan Williams, who previously worked at several financial industry firms, for perpetrating a multi-year front-running scheme that generated at least $47 million in illegal trading profits. … Read more
‘A woman in Norway is facing up to three years in prison on criminal hate-speech charges after saying that a man cannot become a lesbian. Tonje Gjevjon, a lesbian filmmaker and actress, was informed on Nov. 17 that she was under investigation for speaking out against prominent Norwegian activist Christine Jentoft on Facebook. Jentoft is … Read more
‘24 November 2022 The United States Federal Drug Administration (FDA) has just approved a new treatment for a rare blood clotting disease, one with a hefty price tag. Per dose, it’ll cost US$3.5 million, making it the most expensive drug anywhere in the world. The medicine, called Hemgenix, is a gene therapy treatment for hemophilia … Read more
h/t turry91
by jessefelder Today is Fed day once again and we are sure to hear plenty from the financial media about just how “hawkish” monetary policy has been this year. To be sure, the Fed has raised rates at a faster pace than we have seen in recent history. However, given where the rate of inflation … Read more
by mark000 If it takes 9 months for impact of Rate Hikes to be felt then the effects fully arrive in: Hike date New Rate Impact arrives 3.22 50 12.22 5.22 100 2.23 6.22 175 3.23 7.22 250 4.23 9.22 325 6.23 11.22 400 8.23 12.22 450 9.23 Dear US economy, get ready for some … Read more
h/t BoatSurfer600
The Fed announced a 50-basis-point rate hike today. Projects raising rates as high as 5.1% before ending inflation battle h/t Spare_Act_5747
by Michael Everyone knows that the quality of education in our public schools is declining. We continue to fall behind the rest of the world, and this is particularly true in science and in math. Personally, I am a product of the public schools. I attended public schools all the way through high school, and … Read more
