“The Jury Got It Right” – Musk Wins Lawsuit Over ‘Funding Secured’ Tweet

  • Post category:Finance

Having previously noted the absurdity of the trial, Elon Musk has defeated a shareholder lawsuit alleging that tweets claiming he had the “funding secured” to take Tesla private cost investors billions of dollars in losses.As The Wall Street Journal reports, the…

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Americans Hosting Super Bowl Parties Breathe A Sigh Of Relief After Chicken Wing, Avocado Prices Drop

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Tens of millions of Americans are preparing to host Super Bowl LVII parties on Feb. 12. Unlike last Super Bowl, food inflation for chicken wings and guacamole has subsided -- a relief for football fans hosting parties.A new report from Wells…

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“Woke Ideology Has Infected Every Aspect Of American Life”, Sen. Rubio Warns

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Authored by Shelby Kearns via Campus Reform,Sen. Marco Rubio and Rep. Chip Roy recently introduced the Restoring Military Focus Act, identical bills in the House and Senate that will “eliminate the position of the Chief Diversity Officer of the Department of Defense [(DOD)].” In…

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N.Korea Warns Of ‘Toughest Reaction’ After Bigger US-South Korea Drills Announced

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Authored by Dave DeCamp via AntiWar.com,North Korea on Thursday responded to the US and South Korea announcing they would be expanding joint military exercises, warning the steps are pushing toward an "extreme red-line" and will provoke the "toughest reaction.""The military and political…

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Watch: Democrats Oppose Amendment To Recite Pledge Of Allegiance; Label Republicans “Insurrectionists”

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Authored by Steve Watson via Summit News,Several Democrats took objection Wednesday to an amendment that would see the Pledge of Allegiance recited before House Judiciary Committee meetings, with one Rep. charging that ‘insurrectionist’ Republicans shouldn’t be able to lead the Pledge.The…

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New Student Loan Rule To Cost $361 Billion; Study Shows Debt Forgiveness Benefits The Wealthy

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Authored by Andrew Moran via The Epoch Times,A new rule proposed by the Department of Education could cost up to $361 billion over the next decade, while a separate study says President Joe Biden’s landmark student loan forgiveness plan benefits the…

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China Claims ‘Weather’ Balloon Blew Off Course Near US Nuclear Silos By Accident

  • Post category:Finance

Update (1012ET): Bloomberg confirmed US Secretary of State Antony Blinken would postpone his trip to Beijing amid spy balloon allegations. The two-day trip was set to begin on Sunday. Even before Blinken postponed his trip, expectations were low to reset deteriorating Sino-US ties. * …

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“Extremely Hawkish”: Stocks, Bonds, Gold Puke After ‘Good’ Jobs Data; Rate-Hike Odds Soar

  • Post category:Finance

“Extremely hawkish,” says Dennis DeBusschere, founder of 22V Research.'Good' news on the labor market (lowest unemployment rate since 1969... after 450bps of rate-hikes?!) is a disaster for the 'soft landing' narrative and sent rate-hike expectations soaring above pre-Powell levels...Source: BloombergBloomberg Intelligence…

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January Payrolls Explode To 517K, 8-Sigma Beat To Expectations; Unemployment Rate Tumbles To Record Low

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Ahead of today's payrolls report, we warned that there is the possibility for a lot more "market whiplash" because as Goldman explicitly warned, there is the risk for an outlier strong report in January due to massive seasonal adjustments...... which when…

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Nordstrom Shares Jump After Meme-Stock Activist Investor Ryan Cohen Builds Stake

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Shares of Nordstrom jumped Friday in premarket trading following news that meme-stock activist investor Ryan Cohen has amassed a large stake in the department-store chain. WSJ, citing people familiar with the matter, reported Thursday night that Cohen acquired a "sizable stake" in…

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You Think The Global Economy Is Brightening? Beware: The Big Hit Is Yet To Come

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Authored by Thorsten Polleit via The Mises Institute,Relief is spreading among economic analysts and stock market experts. Energy prices are decreasing noticeably. The energy supply this winter seems secure; in Europe, government support for consumers and producers is available if needed.…

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Tanks For Ukraine Will Only Prolong War & “Line Pockets Of Gun Barons”: Erdogan

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Via The Cradle,Turkish President Recep Tayyip Erdogan has criticized the decision by his NATO allies to provide Ukraine with over 300 heavy tanks to prolong the war against Russia, calling it a "high-risk move.""I personally can’t say that sending tanks will resolve this issue," Erdogan…

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Half-Dozen Countries Temporarily Close Istanbul Consulates Over ‘Security Threats’

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Large-scale protests in Turkey over the recent Quran-burnings by a far right activist in Sweden have resulted in multiple Western countries this week issuing travel alerts for their citizens in Turkey.Additionally some half-dozen consulates in Istanbul have announced temporary closures due…

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Norway Finds Rare Earth Metals That Could Make Europe Less Dependent On China

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Authored by Ingólfur Stefánsson via The Epoch Times,Norwegian scientists have made a discovery of rare earth metals in the country’s northern region. The findings have the potential to transform the country’s economy and secure its place as a major player in the global…

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If You’re A Warehouse Worker. This Boston Dynamics Video Might Be An Ominous Sign

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Warehouse automation continues to accelerate as millions of jobs are at risk of being displaced. The latest automation nightmare for warehouse laborers comes from a new video uploaded on YouTube by Boston Dynamics. In a press release, the US robotics firm announced that…

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“Significant Threat To National Security”: US Air Force Warns Over Chinese Corn Mill In North Dakota

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The US Air Force has warned that the construction of a Chinese-owned corn mill in North Dakota poses a "significant threat to national security."Grand Forks Air Force Base located 12 miles from proposed building site of Chinese-owned corn mill in North…

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Turkey Can Forget About Getting F-16s If Sweden, Finland NATO Bids Blocked: Senators

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The United States is now threatening Turkey with holding more American-made fighter jets captive, this time over the Erdogan government's refusal to allow Sweden into NATO.Turkey starting in 2021 issued a formal request purchase 40 F-16 jets and about 80 modernization kits from…

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‘The Scandal Would Be Enormous’: Pfizer Director Worried About Vax-Induced Menstrual Irregularities

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Project Veritas on Thursday released a new segment of undercover footage of Pfizer director Jordon Walker in which the Director of R&D within the company's mRNA operation expressed concern over how the COVID-19 vaccine may be affecting women's reproductive health."There is…

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Adani Races To Restore Confidence With Lender Talks As Corporate Empire Falters

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Losses in Gautam Adani's corporate empire surged to $108 billion on Thursday, sparking fears of a potential systemic implosion one day after the Indian conglomerate's flagship Adani Enterprises Ltd. scrapped a 200 billion-rupee ($2.4 billion) stock offering. The suddenness of the equity…

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DHS Will Allow Border Agents To Testify On Border Crisis After Subpoena Threats

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Authored by Caden Pearson via The Epoch Times (emphasis ours),The Department of Homeland Security (DHS) will allow two chief border patrol agents to testify before a Congressional hearing on the U.S. border crisis, after initially trying to “muzzle” them, according to…

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“All Clear”: How The FBI Handling Of The Biden Investigation Could Make Things Difficult For The Special Counsel

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Authored by Jonathan Turley,Below is my column in the New York Post on the latest developments in the Biden classified document investigation. The latest search occurred on the first day at the office for Robert Hur as Special Counsel. He may…

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