Russia Is Poised To Rein In The Ruble
Russia is increasingly viewing the rise in the Ruble as an economic threat, and plans to try and contain its rise through interest rate cuts. Initially the rise of the…
Evercore ISI’s Julian Emanuel Says Recession Fears Are Overblown
Evercore ISI’s Julian Emanuel is predicting the market will avoid a recession, due to healthy credit markets and continued consumer spending. On CNBC’s “Fast Money” on Tuesday, he said, “The path…
California Assembly Passes Bill To Allow Parents To Sue Social Media
The California State Assembly passed a bill which would allow parents to sue social media companies for damage done to their children by an addiction to the company’s product. The…
Home Sales Dropped Sharply In April, Possibly Signaling A Recession
New single family home sales dropped for the fourth straight month in April. High prices and rising mortgage rates triggered the decline, as new residential sales fell 16.6% from March’s…
Texas Forces Companies to Be Neutral on Guns, or Lose Business
In June of 2021 Governor Greg Abbott singed a bill in Texas giving those in the firearms industry the same protections as those the government shields from racism, sexism, ageism,…
Inflation Is Driving Frozen Food Sales Above Fresh Food Sales
Inflation has begun to shift buying behaviors at the grocery store, as buyers begin to show a preference for frozen foods over fresh food. Frozen food maker Saffron Road has…
Elon Musk Commits Another $6.25 Billion To Twitter Takeover
Yahoo Finance is reporting that Elon Musk’s latest 13D Amendment filing reveals he is boosting his personal aggregate equity commitment to the takeover by $6.25 billion, to $33.5 billion. It…
Fed Meetings Show .5% Hikes For Next Two Meetings
Meeting minutes of the Fed released Wednesday showed a strong commitment to two .5% hikes in June and July. This will follow a May 4th hike of .5% to a…
Tesla Stocks Drop On Fears Of Reduced Production
Tesla stock slumped as production woes in China continued to plague the electric car maker, leading analysts to slash price targets on the once indominable stock. Daiwa analyst Jairam Nathan…
Social Media Drops $135 Billion
After Snap Inc. issued a warning on profits, the contagion spread to tech stocks more broadly, wiping out $135 billion and investors rush to unload shares. These woes further weighed…
