U.S. manufacturing output shrank 0.4 percent in October after contracting 0.3 percent in September, according to The Conference Board’s Leading Economic Index.
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U.S. BUSINESS ACTIVITY, CONFIDENCE STRONGEST IN MORE THAN TWO YEARS
Business activity in the U.S. is expanding at the fastest rate since April 2022, with businesses expecting demand to increase under incoming president Donald Trump’s policies.
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PALANTIR SHARE PRICE SOARS ON TRUMP PRIORITIES
Palantir Technologies, the Denver software firm co-founded by Peter Thiel, a vocal Donald Trump supporter and Elon Musk’s old partner in PayPal, has seen its market capitalization balloon by $23 billion since Trump’s election on 5 November.
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TRUMP PROMISES INSTANT NEW TARIFFS ON CANADA, CHINA, MEXICO
Donald Trump has said he will impose a new 25-percent tariff on all imports from Canada and Mexico and “an additional 10-percent tariff, above any additional tariffs" on imports from China on his first day in office.
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BILLIONAIRES ARE BECOMING MEGA-BILLIONAIRES AT RECORD PACE
They always say that making the first billion is the hardest.
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DEATH OF JOURNALISM: AP TO CUT 8 PERCENT OF STAFF AMID NEWS INDUSTRY UPHEAVAL
The Associated Press announced last week that it will be laying off 8 percent of its staff—on both the business side and reporting side—during a “transformation in the media industry.”
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THE MANDATE THAT WASN’T: TRUMP’S WIN WAS NOT AS CRUSHING AS IT APPEARED
Donald Trump’s election victory earlier this month has been touted by Republicans and the establishment conservative media as though it was a thrashing of “woke” culture and the Democrats, but The New York Times noted last week that the win—on second look—was not as overwhelming as the president-elect would have you believe.
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SPOTLIGHT: THE EUROZONE’S ECONOMIC MESS
The Eurozone’s economic activity unexpectedly contracted this month, according to the Hamburg Commerce Bank’s composite purchasing managers index.
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BIDEN: F*CK PEACE, F*CK THE UN, U.S. SUPPORTS ISRAEL’S GENOCIDE
The Joe Biden administration last week stood in the way of another UN ceasefire resolution for the Gaza genocide as the death toll hit 45,000 after daily Israeli bombing campaigns and a Washington-supported humanitarian blockade that has lasted for over 13 months.
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NEARLY THREE-QUARTERS OF ADULTS IN THE U.S. ARE CONSIDERED OVERWEIGHT OR OBESE
Americans keep getting fatter.