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Bolsonaro Drops Annulment Bid As Party Concedes To Lula, Vows Congressional "Fortress" Against Socialist Rule
Bolsonaro Drops Annulment Bid As Party Concedes To Lula, Vows Congressional "Fortress" Against Socialist Rule
After the Brazilian runoff election, right-wing Flávio Bolsonaro has abandoned plans to seek its annulment, as his Liberal Party has formally recognized the reelection of socialist President Luiz Inácio Lula da Silva.Lula's socialist regime wasted no time attacking Bolsonaro after the election. Federal Police snatched Bolsonaro's passport late Monday, and regime favorite Supreme Court Justice Alexandre de Moraes has banned him from leaving the country.Bolsonaro declared that he is under attack by the socialist regime...
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Jul 6, 2026 / Tyler Durden
Tech CEOs: Just Kidding About That Jobpocalypse
Tech CEOs: Just Kidding About That Jobpocalypse
For three years, everyone from Goldman, to Richmond Fed President Thomas Barkin, to tech CEOs have been forecasting mass unemployment due to AI wiping out jobs - which would only be accelerated by the proliferation of cheap(er) Chinese models. Ford Motor CEO Jim Farley said last year that AI would replace "literally half of all white-collar workers in the U.S."
And while that may only be a matter of time, tech CEOs have changed their tune - albeit while facing public pitchforks over data centers, the cost of...
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Jul 5, 2026 / Tyler Durden
Wage Growth As A Leading Inflation Indicator
Wage Growth As A Leading Inflation Indicator
Authored by Lance Roberts via RealInvestmentAdvice.com,
Wage growth peaked four years ago. Since 1985, it has led CPI by three to seventeen months in every single cycle. The May 4.2% inflation print is the noise. Watch the wages.
Headline CPI just printed 4.2% year-over-year for May. The highest reading since April 2023. The 10-year Treasury punched above 4.6% on the back of it, then pulled back recently. Energy ran +23.5% over the past twelve months on the Iran war, accounting for roughly 60% of the...
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Jul 14, 2026 / Tyler Durden
Warren Buffett Cuts Gates Foundation From Annual Stock Giving As Epstein Scandal Shadows Over Bill Gates
Warren Buffett Cuts Gates Foundation From Annual Stock Giving As Epstein Scandal Shadows Over Bill Gates
Warren Buffett excluded the Gates Foundation from his annual charitable stock gifts for the first time in two decades, as scrutiny over Bill Gates' connections with convicted sex offender Jeffrey Epstein continues to cast a dark shadow over Gates and the foundation.
CNBC reports that the 95-year-old chairman will donate 9 million Class B shares to the Susan Thompson Buffett Foundation, and 1 million shares each to the Sherwood Foundation, the Howard G. Buffett...
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