Business
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Why the feds are fighting with this state over a car repair law
Last week, the federal government’s major auto safety regulator told automakers not to comply with a new Massachusetts state law. The fight over who can see data about your car is getting weird. Telematics – your car’s diary Modern cars are pretty much computers on wheels. They contain dozens, sometimes hundreds, of tiny microchips controlling…
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Wall Street’s leading bear is doubting himself, a little. Here’s what is worrying Morgan Stanley’s Mike Wilson now
Arguably Wall Street’s most pessimistic voice has been so surprised by the market rally that he is questioning the firm’s own corporate earnings model. “Given we have been so wrong about the S&P 500 this year, we have been trying to decide if our earnings model may be misleading us,” says Mike Wilson, Morgan Stanley’s…
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America’s coming power surge – You won’t believe what’s coming ?
Volvo, Mercedes-Benz, Tesla, Ford – every major car company is scrambling for a piece of the lithium pie. *PAID ADVERTISEMENT. RagingBull has been paid one hundred thousand dollars by ach bank transfer by American Lithium Corp for advertising American Lithium Corp from a period beginning on June 12, 2023 through August 12, 2023 of the…
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Alibaba’s Zhang to step down as CEO, chairman amid business shakeup
Alibaba Group Holding Ltd. is shaking up its leadership, with Daniel Zhang planning to step down from his roles as both chairman and chief executive. Joseph Tsai, Alibaba’s 9988, -1.51% BABA, -4.47% current executive vice chairman who also is known in the U.S. for owning the Brooklyn Nets basketball team, will take on the chairman…
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‘It’s the reality of life.’ Disabled and DoorDashing for extra money at 67
William Smith worked in the restaurant industry his whole career and never thought much about retirement. When he was forced into retirement after getting hurt on the job, he had what he called a “pity party.” Now, at 67, he delivers for DoorDash to supplement his disability payments. His wife also is a “Dasher.” “It’s…
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Student-loan payments are coming back — and these are the stocks most at risk
Great market expectations for the Tuesday after a long holiday weekend in summer are destined for disappointment. Apart from the hazy, lazy effect, China rate moves that fell short of hopes aren’t helping the mood, as investors wait for Fed Chairman Jerome Powell to appear on Capitol Hill later this week. The latest bearish remarks…
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[Save ?] Upcoming Events June 19th Week
?Complimentary Bullseye Unlimited Training (11am EST -> join HERE) for the Next Hundred Rocket Trades Challenge ? starting soon! And see more below for that and other great events we have happening this week! What’s your excuse? Join the “I Can’t” Campaign as Jeff’s next Bullseye ?Pick of the Week drops TUESDAY pre-market. Next…
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This incredible chart shows the close relationship between the S&P 500 and Fed liquidity
Earnings, schmearnings. Is what really matters just liquidity? This incredible chart, from Apollo Global Management chief economist Torsten Slok, shows the close relationship between S&P 500 SPX, -0.37% performance and net Federal Reserve quantitative easing (QE) since the pandemic began. Here, Fed QE is defined as the Fed’s total assets minus the balance of the…
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Intel to build new factory in Germany, following similar plans for Poland, Israel, reports say
Intel Corp. has followed up plans for new factories in Poland and Israel, with the go-ahead for a chip facility in eastern Germany, for which it will get €10 billion ($10.9 billion) in subsidies from that government. That’s according to multiple press reports which add that a signing ceremony will take place on Monday afternoon…
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The consumer-led recession you’re worried about already ended months ago, the stock market says
Based on the idea that the stock market’s actions speak louder than those warning about an economic slowdown, the consumer-led recession many have been calling for appears to have ended months ago. And a chart of the consumer discretionary sector’s strength relative to the broader stock market suggests the recovery, if not a new growth…
