Here Come More Lay Offs: Netflix Reduces Employee Count By 150, Mostly In U.S.

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...got woke, went broke?


High Gasoline And Diesel Prices Are Here To Stay

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"We're ripe for a potential supply crisis,"


Turkey Blocks NATO Accession Talks With Sweden & Finland - Issues List Of Demands

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The moment the ink dried on the applications: "Turkey has blocked Nato's initial decision to process requests by Finland and Sweden to join the military alliance."


US Housing Starts, Permits Plunge In April As Mortgage Rates Soar

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"The housing market is facing growing challenges,"


Twitter Board 'Intends To Close The Transaction' With Musk Despite Spam Controversy

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"Musk can’t just walk away..."

 


Russia-Ukraine Peace Talks Not Happening in 'Any Form' As Stances Harden

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British Prime Minister Boris Johnson has said that he "urged" Ukraine not to negotiate with the Russians.


Futures Slide After Dismal Target Earnings, Plunging Mortgage Apps

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“This is one of the most challenging markets I have been in in my career. I suspect at a certain point of time we’re going to have the liquidity of the markets challenged. They really haven’t been thus far.”


Target Shares Crash After Full-Year Operating Income Slashed Due To "Unexpectedly High Costs"

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"We were less profitable than we expected to be, or intend to be over time ... it's clear that many of these cost pressures will persist in the near term."


Finland And Sweden Formally Apply To Join NATO

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“You are our closest partners, and your membership in NATO will increase our shared security,”


Goldman List 20 Stocks That Could Thrive In The Recession

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In such an uncertain market and economic environment, Kostin believes these "Margin of Satefy" stocks are the ones to own...


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European bourses are rangebound and relatively directionless, Euro Stoxx 50 U/C, taking impetus from a mixed  APAC session which failed to sustain US upside.

Peter Schiff: Don't Listen To What The Fed Says; Look At What The Fed Is Doing

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"... all the people who were surprised by inflation they didn’t expect now expect the Fed to get rid of it..."


Goldman Sachs Is Now Giving Senior Executives Unlimited Vacation Time

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And you thought the "mental health" benefits at Twitter were out of hand?


Over 120,000 Hunter Biden Emails Uploaded To Searchable Database

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10 for the big guy...


Recession Reflections

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where do we stand on the recession narrative...?

Investigation Launched After 'Mystery' Surge In Deaths Of Newborn Babies

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Health authorities say it’s not due to COVID infections...


"The Real President Is Whoever Controls The Teleprompter": Musk Delivers Scathing Criticism Of Biden

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“The path to power is the path to the teleprompter,"... the Biden administration “doesn’t seem to get a lot done”...


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US index futures are giving back some of the gains booked on Tuesday. Fedspeak continues to threaten rate hikes until inflation is under control, even if that means a market sell-off or a hard landing. More retail earnings due today, weekly energy inventory data, and expect geopolitical jawboning as G7 finance ministers meet.

Putin: Oil Sanctions Will Be Europe's "Economic Suicide" On Orders From "American Overlords"

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"Rejection of Russian energy resources means that Europe will systemically become the region with the highest energy costs in the world," the Russian leader told an energy conference.


McConnell Says Congress Hopes To Approve Sweden’s NATO Bid By August

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"We are confident it will be approved."