Investment Watch Blog

The Troy, Michigan-based company said in a statement late Sunday that its board and interim CEO, Shauna McIntyre, decided to liquidate through a Chapter 7 bankruptcy process. The decision comes after a review of Electric Last Mile’s products and plans turned up no better option for stockholders, creditors and other interested parties, it said. Electric … Read more

Following the federal investigation into the president of the Brookings Institution and whether or not he illegally lobbied on behalf of Qatar, Retired US Marine Corps Gen. John Allen resigned from the institution on Sunday after the FBI seized his electronic data last week. The four-star Marine Corps general announced his departure in a letter and provided … Read more

During a tumultuous week, Democrats pressed hard during a prime time televised hearing to condemn the violence 18 months ago during the Jan. 6 riots while staying mostly muted on the arrest of an alleged assassin targeting conservative Supreme Court Justice Brett Kavanaugh over abortion rights. The performance has many critics seeing a hypocritical double … Read more

As they do every time there is a spike in shootings, Democrats are going for the big gun grab. The catalyst for the latest anti-gun push was the massacre at the elementary school in Uvalde, Texas. It shocked the conscious that a person could wantonly kill little kids. The 18-year-old shooter was insane, though. And … Read more

‘Google has placed an engineer on leave after he claimed an artificial intelligence chatbot had become sentient and was capable of human thinking and reasoning. Blake Lemoine was suspended last week after he told the company he believed its Language Model for Dialogue Applications, or LaMDA, was a human with rights that may even have … Read more

Fed policymakers had already all but promised half-point interest rate hikes at their meeting next week and again in late July, following May’s half-point hike and the start of balance sheet reductions this month. That would be more policy tightening in the space of three months than the Fed did in all of 2018. On … Read more

🌾 Global food prices are soaring. Rice could be next The United Nations’ Food and Agriculture Organization Food Price Index already shows international rice prices creeping up for the fifth straight month to reach a 12-month high.https://t.co/UU9c7cZFAz pic.twitter.com/bR2hzTegSK — PiQ (@PiQSuite) June 13, 2022

Food prices set to soar even MORE: Kraft, Tyson and McDonald's owners say higher fuel, labor and ingredient costs will be passed on to customers  https://t.co/QcRLkVgTSt via @MailOnline — WTF (@chrisalbertell1) June 12, 2022 The already exorbitant prices American consumers are spending on groceries is expected to increase even more as company executives continue to … Read more

Bitcoin correction update: -66% from its all-time high, lowest level since December 2020. $BTC pic.twitter.com/4MZkPgXTrM — Charlie Bilello (@charliebilello) June 13, 2022 For all the attention crypto may grab here – if this is really breaking, it is THE SINGLE BIGGEST event in macro so far this year and if you have been following me … Read more

by IceBladeQueen Right now the Fed is trying to get inflation down, which means they’re removing liquidity from the markets. It’s not going to stop inflation because it’s actually driven by supply shortage and has nothing to do with liquidity/amount of dollars, but the Fed wouldn’t know that. Food and Energy cant be printed, but … Read more

Intentional glitch or harbinger of financial death? View post on imgur.com After correcting, it did it again just now View post on imgur.com AC

https://twitter.com/WallStreetSilv/status/1535612309762088960

by MH Gordon on Economic Prism: Prayers for the ‘Big Guy’ Being a government hack has its advantages.  You get eleven paid holidays per year.  You get promoted for poor performance.  The benefits are superb.  Best of all, you can get remarkably rich…even if you’re a screw up. President Joe Biden, for example, has worked … Read more

Suspended employee claims computer programme acts ‘like a 7 or 8-year-old’ and reveals it told him shutting it off ‘would be exactly like death for me. It would scare me a lot’ Blake Lemoine, 41, a senior software engineer at Google has been testing Google’s artificial intelligence tool called LaMDA Following hours of conversations with … Read more

Fifty top Democratic officials interviewed by the New York Times said Joe Biden  should not run for re-election in 2024 president Many were pessimistic about Biden’s leaderships, which is marred with failures  Biden failed to pass his $1.8 trillion Build Back Better agenda and voting rights expansion bill, and faced backlash over the chaotic exit … Read more

Another key point of the coming engineered food crisis. This is what happens when we allow China to own US based companies: Food processing corporation Smithfield Foods will shut down its Vernon, California, plant and scale back operations in California, Utah and Arizona, the company announced Friday. Smithfield “will cease all harvest and processing operations … Read more

by asiainvestor 60/40 officially dead.

(FOX NEWS) “Real Time” host Bill Maher lambasted The New York Times over its weak coverage of the assassination attempt of Supreme Court Justice Brett Kavanaugh. Earlier this week, a man named Nicholas John Roske was arrested outside the justice’s home carrying a gun and a knife. He admitted to police that he had traveled … Read more