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Banking

“Bank of America Braces for Massive Bond Losses as Yields Soar”

“A sharp rise in rates since the end of the third quarter widened losses on bank securities portfolio and could become an investor issue again when banks start reporting their fourth-quarter results in the next week. Bank of America has… Continue Reading…

Business

“Ford CEO says China operations earned $600 million in 2024”

“”Ford Motor’s operations in China earned roughly $600 million last year. Farley said those earnings included the export of vehicles such as the Lincoln Nautilus, which is exclusively produced in China for other markets such as the U.S. China has been… Continue Reading…

Economy

“Janet Yellen: Covid stimulus may have contributed ‘a little bit’ to inflation”

“Treasury Secretary Janet Yellen said that Biden-era stimulus spending may have contributed “a little bit” to the country’s subsequent inflation woes. But the widespread rise in prices was mostly “a supply-side phenomenon” caused by the Covid-19 pandemic itself, Yellen told… Continue Reading…

Business

“Bank of America downgrades Tesla stock, raises price target saying ‘execution risk is high'”

https://finance.yahoo.com/news/bank-of-america-downgrades-tesla-stock-raises-price-target-saying-execution-risk-is-high-202959359.html I’m not interested in what the article has to say. More importantly Bank Of America is acting like Tesla is a risk? While that may or may not be true Bank Of America itself is a bigger risk because… Continue Reading…

Business

“41% of companies worldwide plan to reduce workforces by 2030 due to AI”

“Artificial intelligence is coming for your job: 41% of employers intend to downsize their workforce as AI automates certain tasks, a World Economic Forum survey showed Wednesday. Out of hundreds of large companies surveyed around the world, 77% also said… Continue Reading…

Economy

“Fed officials are worried about the inflation impacts from Trump’s policies, minutes show”

“… …” https://www.cnbc.com/2025/01/08/fed-minutes-january-2025.html Which policies? None were listed. No evidence given leads me to believe the Fed is lying. You know what will increase inflation? The Fed lowering interest rates will. I’m not saying lowering them is a bad thing… Continue Reading…

Business

“McDonald’s sex for shifts scandal as 700 staff and ex-workers take legal action”

“More than 700 current and ex McDonald’s staff are suing the firm over ­allegations bosses sexually abused them as teenagers. The burger giant has been hit by new claims just a year after UK chief Alistair Macrow apologised over sordid… Continue Reading…

Business

“Meta scraps fact-checking, brings back political content in latest Trump-friendly move”

“… Meta announced it will eliminate its third-party fact-checking program and implement a “Community Notes” model, similar to the one that exists on Elon Musk’s X. CEO Mark Zuckerberg said the company is also bringing back political content on its… Continue Reading…

Stocks

“Hedge funds turn cautious on stocks to start 2025, dumping shares at fastest pace in 7 months”

https://www.cnbc.com/2025/01/07/hedge-at-start-of-2025-are-dumping-shares-at-fastest-pace-in-7-months.html The article is behind a paywall but I want to say a couple things about the headline. This is good news for highly shorted stocks like GME and AMC. Hedge funds don’t seem so bold now. Lets see how… Continue Reading…

Business

“Which US companies are pulling back on diversity initiatives?” [DEI]

“McDonald’s joins a growing list of companies that are pulling back on diversity, equity and inclusion initiatives. Like others before it, the fast-food chain cites a U.S. Supreme Court decision in July 2023 that outlawed affirmative action in college admissions… Walmart The world’s… Continue Reading…