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Saturday, November 23, 2024

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Cisco Cuts 1,000s of Jobs, 7% of Workforce, as It Shifts Focus to AI, Cybersecurity

(Headline USA) Cisco Systems is planning to lay off 7% of its employees, its second round of job cuts this year, as the company shifts its focus to more rapidly growing areas in technology, such as artificial intelligence and cybersecurity. The company based in San Jose, California, did not specify...

Meta Roils Leftists by Eliminating Longtime Censorship Tool CrowdTangle Ahead of Election

(Headline USA) Facebook and Instagram parent Meta Platforms has shut down CrowdTangle, a tool widely used by leftists to monitor social media posts and promote censorship on the company's social-media sites. Wednesday's shutdown, which Meta announced earlier this year, has been protested by several activist organizations hoping the Mark Zuckerberg-run...

MAHARREY: What’s So Great About 2% Inflation?

(Mike Maharrey, Money Metals News Service) Don’t be fooled when you hear “inflation is coming down.” That's not the plan and it never was. The fact is price inflation was up in July. And it will be up in August. And it will be up in September. That’s because rising price inflation is...

Another Month, Another Massive Biden Budget Deficit

(Mike Maharrey, Money Metals News Service) A couple of weeks ago, the national debt blew past $35 trillion. There were a few articles bemoaning the ballooning debt, but no substantive calls to rein it in. Meanwhile, the Biden administration continues to spend America into oblivion. The July deficit came in...

Surging Silver Demand Could Deplete Global Inventories as Early as Next Year

(Mike Maharrey, Money Metals News Service) Rapidly increasing industrial and military demand for silver could deplete global inventories by as early as next year.   Silver demand has outstripped supply for three straight years and the Silver Institute projects another market deficit this year. In 2023, the silver market charted a structural...

Will Retail Sales, Housing Starts Alleviate Growth Concerns?

(Orphe Divounguy, The Center Square) A higher-than-expected increase in the unemployment rate caused significant panic last week. However, data from the Institute for Supply Management indicated that the services sector expanded in July, while the commerce department data showed initial jobless claims fell. The stock market also made a modest...

Federal Government Borrowed $5 Billion a Day in Fiscal Year 2024

(Tom Gantert, The Center Square) - So far in the fiscal year 2024, the federal government has had to borrow about $5 billion every day. The Congressional Budget Office said Thursday the federal budget deficit was $1.5 trillion for the first 10 months of fiscal year 2024, which covers October...

AI Analysis Reveals the Scope of Media’s Pro-Kamala Propaganda Push

(Dmytro “Henry” Aleksandrov, Headline USA) An AI-driven analysis of the American news coverage over the past three months has revealed that after Joe Biden dropped out of the presidential race and Kamala Harris took his place, the mainstream media started massively promoting Harris by writing non-stop articles with positive...

Report: New York City Failed to Control Overspending on Migrants

(Christian Wade, The Center Square) The Adams administration failed to provide oversight of a $432 million contract to provide services to newly arriving migrants, wasting millions of taxpayer dollars, according to a new audit. The report by City Comptroller Brad Lander, who is challenging Eric Adams in next year's Democratic mayoral primary,...

Wall Street Whiplash: Analyzing the Recent Meltdown and Recovery

The financial landscape experienced a seismic shift last week, reminiscent of hitting rumble strips on the interstate—jerking investors awake to the underlying economic dangers. Monday’s drastic stock market selloff, triggered by various catalysts, left investors reeling, though the panic seemed to abate by week's end. But is everything truly back...

Musk Sues Leftist Censorship ‘Alliance’ for Colluding in ‘Massive Advertiser Boycott’ of X

(Headline USA) Elon Musk's social media platform, X, has sued a group of leftist corporations, saying a “massive advertiser boycott” in the wake of his Twitter takeover deprived the company of billions of dollars in revenue and violated antitrust laws. https://twitter.com/elonmusk/status/1820849880283107725 The company filed the lawsuit Tuesday in a federal court...

Stocks Start Crashing: Will the Fed Pivot or Panic?

(Stefan Gleason, Money Metals News Service) It's no longer a question of whether the Federal Reserve will cut interest rates. It's a question of how soon central bankers will cut and how big they will go. Last week's ugly economic reports on manufacturing and employment helped trigger a mini-meltdown in...
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