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Video of the Week
Reclaim the Month
C3 loves this move by Pints with Aquinas!!
Stories of the Week
Corporate Profit Margins are hitting 70-year highs = GREEDFALTION
Greedflation is a term that is used to express the sentiment that corporations are padding profits by using excuses like pandemic and war to justify price hikes. Many consumers think that
corporate greed is leading to inflation that cannot be tamed. Though inflation has many causes. Trillions in government stimulus coupled with supply chain woes from war and covid are not doing our wallets any favors. Corporate greed probably plays a role but we just do not know how significant that role is.
Wall Street continues to decline because of US Default Concerns.
on Saturday night Pres. Biden and GOP House Speaker Kevin McCarthy reached a deal, kind of, that would suspend the debt ceiling for another 2 years (2025 for those not great at math). The deal would freeze non-defense spending next year, allow the US to continue borrowing, it takes back some of the
Biden promised $80 million to the IRS, and it leaves both parties unhappy. This is crucial because the deal has to be sold to a skeptical congress filled with Republicans and Democrats who wanted more out of the deal for their respective parties’ interests. The big vote in the House is set for Today.
Nvidia becomes the fifth most valued company in the world and that leads the Tech heavy Nasdaq to a nice gain. This boost for Nvidia comes because of its new AI powered Computer Chip.
Over five days the top seven tech stocks gained a combined $454 billion in market cap all thanks to the above bullet point on Nvidia.
California wants to ban the sale of Gas only vehicles by 2035. Go Green, Go Trans, Go kill you baby is a new motto CA Gov. Gavin Newsome is considering.
Esports and the Pet supply industry are both struggling as consumers tighten spending anywhere, they can.
E.I.F. is a new no-frills beauty brand that has shocked analysts across the board by posting 80% quarterly sales growth.
US women ages 25-54 hit a record high in labor participation at 78%. Mom aged women are going back to work because of inflation and remote work opportunities.
State Farm won’t insure CA homes because of fire damages being too costly.
Even
lawyers are getting caught red handed using ChatGPT to do their work for them. One law firm used the AI tool to cook up a brief that ended up being a bunch of made up nonsense that the Judge called out.
