After Silicon Valley Bank went insolvent last week people have turned to eBay to sell their now-vintage company merchandise. The various pieces of company swag, which include mugs, bags, cheeseboards and even cardboard boxes, are attracting surprisingly high bids – a counterintuitive testament to health of the US economy. Official SVB mugs appeared to be…
LIVE Silicon Valley Bank collapse LIVE: Trading is halted at dozens of regional banks as First Republic falters By Melissa Koenig For Dailymail.Com Published: 08:33 EDT, 13 March 2023 | Updated: 16:26 EDT, 13 March 2023 Follow along as DailyMail.com brings you the latest updates from the collapse of the Silicon Valley Bank. Share or…
The co-founder of Home Depot, Bernie Marcus says Americans need to ‘wake up’ to the reality that the US economy is facing tough times following the collapse of Silicon Valley Bank. Marcus also laid some of the blame for the bank’s failure with the Biden administration over prioritizing ‘global warming’ instead of shareholder returns. Marcus argued…
The US economy is losing billions as stubborn workers continue to refuse to return to the office, with more than 30 percent of work done remotely last month. Work from home resistance is plaguing major US cities, with New York, Los Angeles and Washington DC all losing over $4,000 per worker every year due to…
If you check any of the White House social media accounts on a daily basis, you’ll often find the Biden admin patting themselves on the back for how great the economy is doing and how the middle class finally has some breathing room. Last night, when I reported that the state of our union is…
As we told you Monday evening, Energy Secretary Jennifer Granholm tried to spin gas prices that are back on the rise as being the fault of “international and climate events” (naturally Biden would have been credited if prices were still dropping). The amount of the increases are of course regional: 12 states saw average #gasprices…
ChatGPT – a recently released AI with the uncanny ability to mimic human writing – has passed some of America’s most challenging professional exams, studies have shown, raising concerns it could soon put many white collar workers out of a job. The artificially intelligent content creator, whose name is short for ‘Chat Generative Pre-trained Transformer,’ was released two…
The White House along with Democrats such as Elizabeth Warren are celebrating the two-year anniversary of the Biden presidency that ushered in the “Build Back Better” era: Two years down. https://t.co/IdjtbWNl0l — President Biden (@POTUS) January 20, 2023 Two years ago today, we turned the page on a dark chapter of our history, and @JoeBiden…
Biden plans to lower student loan payments for millions and pausing them out for anyone making less than $30,600 a year as he battles his multi-billion dollar forgiveness program in the Supreme Court The Biden administration took a step Tuesday that will lower student loan payment for millions It will pause payments altogether for borrowers…
Disgraced FTX founder Sam Bankman-Fried has been denied bail in the Bahamas after being charged with one of the ‘biggest financial frauds in American history’. Bankman is accused of defrauding investors out of $1.8billion by convincing them his trading platform FTX was safe to use. He has been holed up in the Bahamas for weeks avoiding…
Groveling and disgraced, FTX founder Sam Bankman-Fried planned to tell Congress how he ‘f****d up’ before he was arrested in The Bahamas last night on a spate of fraud charges that could put him in prison for the rest of his life. Bankman-Fried, 30, was arrested in The Bahamas shortly before 6pm on Monday at…
GOP state financial officers are sounding the alarm over what they predict will be ‘cataclysmic’ consequences if the Securities and Exchange Commission (SEC) finalizes a rule that requires businesses to add their climate damage risk assessment to their financial disclosures. The SEC voted 3-1 in March to address a lack of standardization in corporate reporting…
LIVE AUTUMN BUDGET 2022 LIVE: Jeremy Hunt is slammed for ‘tricks and stealth taxes’ that will see more than half of UK households worse off – with anger from pub landlords to parents and pensioners Follow MailOnline’s main coverage of the 2022 autumn statement HERE By Jack Wright For Mailonline Published: 03:31 EST, 17 November…
Wall Street embraced the prediction of a red wave ahead of Tuesday’s midterms, with the Dow increasing for the third consecutive day after months of depressed rhetoric and recession fears. Soon after the opening bell, the Dow rose 115 points, or 0.35 percent, to 32,953. The S&P 500 gained 0.34 percent and the Nasdaq Composite ticked…
Rishi Sunak is on the brink of a major deal with Joe Biden which could bring fracked gas from the US to avoid blackouts this winter The agreement would see the US supply billions of cubic feet of natural gas The deal would shore up UK energy supplies and reduce the risk of blackouts Mr…
President Joe Biden said on Wednesday that any foreign involvement in Elon Musk’s Twitter acquisition – including by Saudi Arabia – is ‘worthy of being looked at’. He made the comments in a press conference on the midterm elections after Democrats performed better than expected. The president was asked if he considered the billionaire and…
Top Republicans have admitted their predicted ‘red wave’ has not materialised after a disappointing night in the midterm elections. Pollsters had forecast a heavy blow for Joe Biden at the midpoint of his four-year term, believing Republicans would make huge gains in the House and tip the balance in the Senate to seize control of…
Biden AVOIDS the spotlight on Election Day – as exit poll shows 73% of voters angry or dissatisfied with the state of the US: President lays low in the White House to conduct radio interviews and make calls as he braces for Democrat defeats The president, who has rallied for Democrats over the past few…
President Biden and his administration have one strategy and one strategy only when it comes to spinning the messes they’ve created: Gaslighting and then gaslighting some more. Biden provided more proof of that this week while trying to convince people how much better off they are these days when it comes to their bottom line:…
A little over a week before the November midterm elections there has been a coincidental positive economic estimate from the Commerce Department: The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of contraction and overcoming high inflation and interest rates just as voting begins in midterm elections…