Archive for the 'Economy' Category
South Carolina: Another Container Ship Disaster Narrowly Averted, Engines “Were Stuck Nearly Full-Ahead”
June 6th, 2024Via: The Hill: An investigation is underway after a large container ship lost the ability to control its engines in Charleston Harbor, prompting a temporary closure of the Arthur Ravenel Jr. Bridge. U.S. Coast Guard Sector Command Center in Charleston, South Carolina, received a report from the harbor’s pilot dispatch around 12:17 p.m. of an […]
Want to Pay Cash? That’ll Cost You Extra
June 6th, 2024Via: Wall Street Journal: Paying with cash used to be a way to get a discount. These days it can often cost an extra $1 to $6—the sort of transaction fees once limited to swiping a credit card or using an out-of-network ATM. Reverse ATMs like those at Yankee Stadium are now common at cashless […]
BlackRock, Citadel Securities-Backed TXSE Group to Launch Texas Stock Exchange
June 5th, 2024Hmm… Via: Reuters: TXSE Group, backed by BlackRock and Citadel Securities, plans to launch Texas Stock Exchange in Dallas, going up against established New York-centric exchanges in a bid to attract global companies. The exchange, which has raised about $120 million, plans to file registration documents with the U.S. Securities and Exchange Commission to start […]
“Tech is dead. I’m done.”
June 5th, 2024I’m not sure if this is satire or not, but it contains a lot of truth and his deadpan delivery is hilarious. Via: TechLead:
Claudia Sheinbaum: First Woman Elected President of Mexico
June 3rd, 2024In other news: Claudia Sheinbaum Meets with Blackrock CEO Larry Fink:
NYSE Technical Issue Caused Berkshire Hathaway to be Displayed Down 99%
June 3rd, 2024Update: ZeroHedge: About a dozen trades showed shares changed hands at $185.10 around 9:50 a.m., a discount of 99.97% to Friday’s closing price of $627,400. Wow! Next question: Who got them??? — Would someone with a real datafeed look at the 9:50am (1-minute) bar on Berkshire Hathaway Inc. (BRK-A) and tell me what you see? […]
OPEC+ Agrees to Extend Production Cuts in Bid to Boost Oil Prices
June 2nd, 2024Via: Wall Street Journal: OPEC+ on Sunday agreed to extend all production curbs into 2025 in an effort to shore up oil prices, delegates said, with top producers in the group continuing to haggle over a deal to cut output further. The agreement comes on the same day the group’s kingpin, Saudi Arabia, launched a […]
Poll: Three Quarters Of U.S. Voters Say Country Is “Out Of Control” Under Biden
June 1st, 2024Via: Modernity: A whopping three quarters of voters say the US is “out of control” and on the “wrong track” under the Biden administration, according to a poll. A Hart Research/Public Opinion Strategies/NBC News survey reveals that 73 percent of voters overall hold the opinion, making it the highest on record under any president since […]
AI Relies On Mass Surveillance
May 23rd, 2024From, Chat GPT-4o: OpenAI’s New Realtime Multimodal Model: This will make the individual profiling and surveillance that has been done by search engines for decades seem trivial. OpenAI almost certainly wants this to be free for everyone in order to gather up as much personal and training data as possible. Via: Barron’s: The AI tools […]
ASML Chip Machines In Taiwan Have ‘Kill Switch’ In Event Of Chinese Invasion
May 21st, 2024Via: ZeroHedge: The US faces one of the worst geopolitical climates since the end of World War II. As the war rages on in Eastern Europe and conflict risks broadening across the Middle East, there are mounting concerns the People’s Republic of China could invade Taiwan by the end of the decade. If Chicoms invaded […]
