Theater of the Absurd in J6 Courtrooms

Wall Street Reacts To Powell's Last FOMC Meeting The kneejerk reaction from Wall Street pundits is that the bar for the Federal Reserve to hike rates is still relatively high and there’s no need for the Fed to change its bias or react in a meaningful way: that's the view voiced by SocGen's US Research Head Subadra Rajappa, who said on BBG TV that the "US is in a very good position overall" Others, such as Deutsche Bank Chief US Economist Luzzetti, said that "the Fed could adopt a more balanced...

Dysfunction, decadence, depravity and a death cult: that, in a nutshell, sums up the mindset now at the heart of the Trump administration. Troubling reports have surfaced that apocalyptic Christian rhetoric is being used to justify the Trump administration’s attacks on Iran as part of an “end-times” struggle between good and evil. “President Trump has been anointed […]

Dorsey's Block Fires Nearly Half Of The Company In 'Massive' AI Bet, Sending Shares Soaring One week after WIRED reported that things were pretty dismal over at Jack Dorsey's payment processing company Block (formerly Square), the company announced that they are cutting 4,000 employees - nearly half of their headcount - in order to invest 'heavily' in artificial intelligence tools to run more efficiently, including its own called Goose, Bloomberg reports.  The news sent shares up over 30% in after hours trade. "We are taking bold and decisive action here, but we’re doing it from a position of...