Revived Democrat Hope Boosts Consumer Sentiment
Americans still think the economy is pretty bad, but revived hopes for a Democratic election boosted consumer expectations in August. The University of Michigan Consumer Sentiment Index was roughly flat for the fourth straight month. Compared to a year ago, consumer sentiment is slightly weaker than it was a year ago. But beneath that surface […]
TikTok boosts pro-CCP content, shifts users views toward China: Study
TikTok algorithmically promotes content favorable to the Chinese government in order to change users’ perceptions. Reportedly According to the Network Contagion Research Institute (NCRI). The study, conducted in collaboration with Rutgers University, is based on findings from a December 2023 investigation that found the platform was likely promoting pro-China content amid bipartisan criticism of the […]
Elon Musk’s X/Twitter Boosts Leftist Media, Diminishes Conservative Media
A study by the Media Research Centre (MRC) found that Elon Musk’s X (formerly Twitter) algorithm promotes left-leaning media and punishes most right-leaning media. MRC is Reviewed After studying 62 media outlets across the political left, center, and right, Elon Musk’s X social media platform was found to be “overwhelmingly supportive of left-wing media,” with […]
Elon Musk’s X/Twitter Boosts Leftist Media, Diminishes Conservative Media
A study by the Media Research Centre (MRC) found that Elon Musk’s X (formerly Twitter) algorithm promotes left-leaning media and punishes most right-leaning media. MRC is Reviewed After studying 62 media outlets across the political left, center, and right, Elon Musk’s X social media platform was found to be “overwhelmingly supportive of left-wing media,” with […]
JPMorgan boosts odds of a US recession this year to 35%
Claudia Thurm, chief economist at New Century Advisors, talks to “Varney & Company” about the Fed’s next interest rate move. JPMorgan Chase analysts said U.S. Economy The economy will be in recession by the end of the year. In an analyst note on Wednesday, JPMorgan economists led by Bruce Kassman raised the chance of a […]
Goldman boosts recession odds but sees ‘limited’ risk of downturn
Goldman Sachs on Monday raised the chance of a recession over the next 12 months after a daily sell-off in stock markets, but the investment bank sees the risk of a severe downturn as “limited.” The bank raised its one-year recession probability by 10 percentage points to 25 percent, while noting that it expects the […]
Warren Buffett’s Berkshire cuts Apple stake by half, boosts cash stockpile to $277B
Neuberger Berman Senior Research Analyst Dan Flax predicts earnings for big tech companies and which stocks are well-positioned. Warren Buffett’s Berkshire Hathaway The company plans to sell about half of its Apple shares, increasing its cash holdings to about $277 billion, according to figures released on Saturday. Berkshire’s quarterly report It suggests that the 93-year-old […]
Housing inventory just hit a post-pandemic high, and these cities saw the biggest boosts
Orlando-area real estate agent and TikTok creator Freddie Smith talks Florida’s expensive market and his best advice for achieving homeownership. The U.S. housing market has been plagued by a severe inventory shortage for years, which has driven up prices and exacerbated the homebuying crisis. But new data shows that more homes are currently for sale […]
Citadel boosts stake in James Dolan’s Sphere after Steve Cohen investment
Ken Griffin’s Citadel increased its stake in James Dolan’s Sphere Entertainment just weeks after it revealed that another hedge fund mogul, Mets owner Steve Cohen, had invested in the company. Citadel Advisors has increased its stake in the company that owns Las Vegas’ revolutionary concert venue from 1.6% to 5.3%. According to an SEC filing […]
Adidas shows how ignorance boosts antisemites
Ignorance and antisemitism typically go hand in hand, even when it comes to massive corporations that should know better. With the 2024 Olympics approaching, German sportswear company Adidas used the opportunity to promote its SL72 shoe, which was first released for the 1972 Olympics in Munich. To do so, the company enlisted model Bella Hadid […]