Business news from Winter Watch writers and from around the Web.
Babylon Bee | April 6, 2023 In a natural continuation of its push for diversity and celebration of transgender lifestyles, Anheuser-Busch has announced the company will be replacing the iconic Budweiser Clydesdales with cows that […]
CNBC | April 4, 2023 The Justice Department on Tuesday criminally charged Charlie Javice, founder of college financial-planning platform Frank, with defrauding JPMorgan Chase out of $175 million. Javice, 31, is accused of “falsely and dramatically” inflating the number […]
Zero Hedge | April 2, 2023 The forced bail-in sale of Credit Suisse to UBS will lead to a staggering number of job cuts, ranging from 20% to 30%, which equates to a reduction of approximately 25,000 […]
PM | March 27, 2023 Advanced artificial intelligence (AI) programs, such as ChatGPT, are expected to impact roughly 80 percent of all jobs in the US in the coming years, according to a new study published by ChatGPT developer OpenAI and the […]
Oil Price. com | March 28, 2023 Four weeks of protests against the pension reform in France have crippled supply to French refineries and refinery operations as workers join the nationwide industrial action, while prices […]
New York Post | March 24, 2023 Janet Yellen is once again on thin ice inside the Biden Administration over her bungling of the banking crisis that keeps roiling markets, The Post has learned. The question is […]
Need to Know News | March 20, 2023 Last week, an unidentified speaker at a Trilateral Commission meeting stated, “this year, 2023, is Year One of this new global order” and that inflation will last […]
Zero Hedge | March 20, 2023 2023 has not been a glowing one for JPMorgan. In mid-January, we discovered that the giant US bank was tricked into paying $175 million for some millennial’s fake rolodex to enhance […]
Reuters | March 20, 2023 Hedge funds face huge losses on their record bet that the Fed will go full steam ahead with its aggressive interest rate-raising campaign, after some of the most abrupt and […]
Bloomberg | March18, 2023 Wall Street titans pride themselves on knowing when to take risks, especially in moments of uncertainty. But as borrowing costs soar and the work-from-home trend leaves downtown offices half empty, even the biggest players […]
FT.com |March 15, 2023 BlackRock chief executive Larry Fink has raised the spectre of a “slow rolling crisis” in the US financial system following the failure of Silicon Valley Bank, “with more seizures and shutdowns […]
CNBC| March 15, 2023 Credit Suisse announced it will be borrowing up to 50 billion Swiss francs ($53.68 billion) from the Swiss National Bank under a covered loan facility and a short-term liquidity facility. The decision […]
Daily Mail | March 15, 2023 Woke Silicon Valley Bank donated over $73 million to Black Lives Matter-related social justice groups in the years before it collapsed, while failed Signature Bank gave $850,000, it has been […]
Seeking Alpha | March 14, 2023 SVB Financial (NASDAQ:SIVB) confirmed that Silicon Valley Bank sold a portfolio of securities with a book value of $23.97 billion to Goldman Sachs (GS) last week before the bank […]
As I write this post at 12:00 AM EST Monday these are the known aspects of the SVB bank failure. This post will likely be updated. The 16th largest US bank’s assets are being liquidated […]
Zero Hedge | March 11, 2023 If you’ve been to your local butcher or checked out the meat section in a supermarket, you’re aware that beef prices are still high, and in some instances, are […]
Zero Hedge | March 9, 2023 After it emerged that the recently appointed Chicago Fed president Austan Goolsbee – prominent Democratic politician and Obama advisor – got the job thanks to the recommendation of a […]
Dirty Bubble Media | Jan. 10, 2023 The crypto-friendly Silvergate Bank (SI) has had a rough couple of months. Ever since it was revealed that Silvergate was doing a lot of business with the now-disgraced […]
Bloomberg | March 10, 2023 (Bloomberg) — It’s one thing when crypto gets flattened by a fired-up Federal Reserve, or moonshot online stocks fall back to earth as rates soar. But when central bank policy […]
Yahoo Finance | March 10, 2023 (Bloomberg) — Panic spread across the startup world as worries about the financial health of Silicon Valley Bank, a major lender to fledgling companies, prompted Peter Thiel’s Founders Fund […]
Reuters | March 9, 2023 A U.S. judge on Thursday ordered JPMorgan Chase & Co (JPM.N) to hand over more documents concerning Chief Executive Jamie Dimon to the U.S. Virgin Islands for the territory’s lawsuit accusing the […]
Summit News |March 8, 2023 Amazon has announced it will be closing several grocery stores in high crime cities like NYC, Seattle and San Francisco, but claims the measure is related to “cost-cutting”. The retail […]
Burroughs Wellcome (now GlaxoSmithKline) owned the patent and enjoyed a monopoly on sales of a nasty toxin known as amyl nitrite. This is an inhalant used by angina sufferers as a “vascular dilator.” They just […]
Forbes | Feb. 28, 2023 Millions of people in 35 states, districts and territories around the U.S. are losing their emergency food relief from the Supplemental Nutrition Assistance Program (SNAP). The March 1 end of pandemic […]
Of late there has been a series of train derailments resulting in explosions and the release of hazardous materials. The most high profile event was East Palestine, Ohio on Feb. 4, 2023. This has been […]
Bloomberg | March 3, 2023 A virtual event featuring Federal Reserve governor Christopher Waller was scrapped on Thursday after a participant displayed pornographic content that was visible to viewers. Waller had planned to deliver remarks […]
Jonathon Turley | Feb. 28, 2023 U.S. Secretary of Transportation Pete Buttigieg has been repeatedly criticized for transportation problems, including the holiday pile up at our ports that slowed delivery of goods in December. He […]
There are alarming signs of distortion and excess throughout the US economy. This is the lingering effects of two decades of excessive money printing and low interest rates- particularly during the Covid scamdemic. For starters […]
Investing. com | Feb. 15, 2023 NEW YORK (Reuters) – The rise of trading in near-term U.S. equity options has the potential to deliver a volatility shock to markets, not unlike the “Volmageddon” crash of […]
Editor Note: This is a rerun of our prescient April 21, 2021 post detailing what the sub-zero mucky mucks at the Federal Reserve were saying at the time about “transitory inflation” and wealth distribution. Here […]
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