As equity markets rise and the “good news” that inflation is falling, on the employment front, the firing binge continues... as we have continued to detail over the past 43 weeks.
Tag: june 13 2023
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SIGNET JEWELERS SLUMP: DID COVID KILL IT?
Signet Jewelers, the parent company of the Zales and Kay jewelry store chains, cut its 2023 financial outlook, saying the COVID lockdown killed sales and the following rise in inflation and interest rates has slashed demand for engagement rings.
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ONLINE BANKS LURING DEPOSITS AWAY FROM BRICK-AND-MORTAR RIVALS
During this year’s first quarter, online banks increased their total deposits while small and regional brick-and-mortar competitors were seeing depositors flee.
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UNEMPLOYMENT CLAIMS CLIMB MORE THAN EXPECTED
New claims for jobless benefits rose to 261,000 in the most recent week, rising 28,000 from the week before, the U.S. labor department reported.
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U.S. TREASURY MUST BORROW ANOTHER TRILLION, ANALYSTS SAY
The U.S. government will be forced to borrow another $1.1 trillion by selling short-term treasury bills after raising the debt ceiling earlier this month, analysts at JPMorgan Chase estimated.
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TOP TREND, DRAGFLATION: EUROZONE IN RECESSION
The Eurozone—20 countries that share the euro as their currency—entered a technical recession in this year’s first quarter, with the collective economy shrinking 0.1 percent, according to Eurostat, the European Union’s statistics agency.
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FBI INFORMANT: BIDEN BRIBED WITH $5 MILLION BY BURISMA WHILE VP
A Ukrainian executive from Burisma once bribed then-Vice President Joe Biden with $5 million to impede a prosecutor’s investigation into the gas company, a paid FBI informant said.
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LONG-ANTICIPATED COUNTEROFFENSIVE UNDERWAY IN UKRAINE: THE WINNER IS?
Since the beginning of the year, the U.S. and NATO have been warning—and hyping—that Ukraine would launch a major offensive against Russian troops.
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LOCKDOWN CASUALTY: KIDS IN U.S. ARE BEATING UP TEACHERS AFTER RETURNING FROM ‘PANDEMIC’ CLOSINGS
More teachers in the U.S. are reporting violent incidents that involve students last year as more pupils return to the classroom after being locked out during the COVID years.
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ZUCKERBERG SAYS ‘ESTABLISHMENT’ ASKED FACEBOOK TO CENSOR COVID-19 INFO THAT PROVED TO BE ACCURATE
Mark Zuckerberg, the CEO of Meta, Facebook’s parent, admitted in an interview last week that his social media company faced pressure to censor COVID-19 “misinformation” that proved to be accurate.