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Kraft Heinz CEO: "Consumers Are Literally Running Out Of Money Toward The End Of The Month"
Kraft Heinz CEO: "Consumers Are Literally Running Out Of Money Toward The End Of The Month"
While the digital US economy, if proxied through the earnings growth and stock prices of AI companies and their "picks and shovels" support ecosystem, has never been stronger, the traditional US consumer, responsible for 70% of US GDP, has rarely been more depressed than right now (and according to the latest University of Michigan sentiment survey, Americans have literally never been more pessimistic).
That was the take home message from the latest earnings week, when...
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Jul 2, 2026 / Tyler Durden
NatGas, Nuclear, Coal Keep Nation's Largest Grid From Buckling Under Heat Dome
NatGas, Nuclear, Coal Keep Nation's Largest Grid From Buckling Under Heat Dome
Summary:
NatGas, Nuclear, Coal Power Generation Keep PJM Alive
First Day of Heat Dome Across Mid-Atlantic; Last Through Weekend
"Set Your AC To 78F": NYC Socialist Pleads With Residents As Fragile Grid Faces Blackout Risk
GridStatus' website shows the PJM Interconnection under severe peak-demand stress as heat-driven cooling loads surge across the Mid-Atlantic and eastern U.S.
PJM load is near 158 GW, net load is around 142 GW, and real-time power prices are sharply rising to about $929/MWh.
The fuel-mix chart shows the...
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Jul 22, 2026 / Heather Carson
You Know How This Happens, Right?
Contemporary culture, with its fixation on careers, tends to downgrade the career of motherhood.
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Jul 7, 2026 / Tyler Durden
"I-Beams Bending Like Cigarettes": Former Pfizer HQ Tower In Midtown At Risk Of Collapse
"I-Beams Bending Like Cigarettes": Former Pfizer HQ Tower In Midtown At Risk Of Collapse
Dramatic video from inside the former Pfizer headquarters tower in Midtown Manhattan shows large I-beams buckling, and officials are warning of a possible collapse.
The 33-story high-rise at 235 East 42nd Street is undergoing a major office-to-residential conversion, one of the largest projects of its kind in the New York City metro area.
WATCH: New York City's biggest office-to-residential conversion just hit an unexpected obstacle.
Buckling columns and falling bricks forced an evacuation at the former Pfizer headquarters. pic.twitter.com/anXDOmBSfw
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