This Tsunami Of Tech Layoffs Could Soon Be The Largest We Have Ever Seen
By Michael Snyder This is starting to look like 2008 all over again. For years, the tech industry was the strongest part of the U.S….
Stock Market
PayPal Stock “Fined” 6% After Flood Of Users Cancel Over $2,500 “Misinformation” Debacle
By Tyler Durden Shares in PayPal are off more than 6% (or around $5BN in market cap) in early Monday trading after a massive internet…
Markets Are Expecting The Federal Reserve To Save Them – It’s Not Going To Happen
By Brandon Smith I have said it many times in the past but I’ll say it here again: stock markets are a trailing indicator of…
While Inflation and Fear of the Fed Buried Markets, Deeper Troubles Will Soon be Revealed
By David Haggith Monday’s financial news was filled with fantasies about how Tuesday’s CPI report would be as boring for the stock market as watching…
Just Like In September 2008, Many Investors Fear That A Dangerous Chain Reaction Is Starting On Wall Street
By Michael Snyder Do you remember the panic that swept through Wall Street in September 2008? Well, a lot of people believe that it is…
Surprise: Stocks Tumble After Gazprom “Completely Halts” Nord Stream Gas Supplies Due To “Unexpected” Leak
By Tyler Durden After a 3-day halt, Russian energy giant Gazprom was expected to resume critical supplies of nat gas to Europe via Nord Stream…
The State Of The US Consumer: AT&T Crashes As Americans Can’t Afford To Pay Their Phone Bills
By Tyler Durden Shares of AT&T fell on Thursday after CEO John Stankey said that customers are starting to put off paying their phone bills…
Glencore Pleads Guilty To Decade Of Bribery And Market Manipulation, Will Pay $1.5 BIllion Penalty
By Tyler Durden Swiss commodity trading giant Glencore agreed to plead guilty to multiple counts of bribery and market manipulation and pay penalties of up…
Take Advantage When Markets Succumb to Fear
By Stefan Gleason Last Wednesday’s rate hike by the Federal Reserve failed to convince investors that the central bank can tame inflation without wrecking the…
Fed One Meeting Away from Creating a Doomsday Market Sinkhole
By Brandon Smith The effective Federal Reserve funds rate (the EFFR) has been sitting at virtually zero for a long time now. It feels a…
A Stunned Wall Street Responds To Facebook’s Record $200 Billion Wipeout
By Tyler Durden Facebook – or Meta now that it’s in the witness protection program – is making record after dismal record this morning after…
Facebook Plummets 20% After Missing Across The Board; US Users Drop, Guidance Disappoints
By Tyler Durden Heading into today’s earnings from social media giant Facebook Meta (technically, the first quarter since the company changed its name), JPM previews…
Here Comes The Pivot: JPM Sees Sharp Slowdown In US Economy, “No Further Hawkish Developments From The Fed”
By Tyler Durden For much of the past month we have been warning that as the broader investing public has been fascinated by the mounting…
Corruption at the Fed: Are America’s Money Masters Engaged in Self-Dealing?
By Jp Cortez America’s central bankers are tasked with impartial oversight over aspects of the American economy. But could these individuals be making decisions on…