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Forwarded from The Economy News
Ford announces thousands of workers to be temporarily laid off amid chip shortage

The auto manufacturer said it would reduce production at several plants across North America citing a shortage of semiconductors. (WSWS)

Thousands of hourly workers were laid off at Ford’s factories in Chicago, Wayne, and Cuautitlan, Mexico.

The company’s truck plants in Kentucky and Michigan will be operating on single shifts or a reduced schedule.

The supply chain crisis continues.

♨️ t.me/TheEconomyNews
Forwarded from The Economy News
Texas attorney general to investigate GoFundMe for shutting down Freedom Convoy fundraiser

AG Ken Paxton issued the Civil Investigative Demands to investigate potential violations of the Texas Deceptive Trade Practices Act, his site read.

GoFundMe has come under heavy scrutiny after it shut down a multi-million dollar fundraising campaign for Canada’s Freedom Convoy.

“I am acting to protect Texas consumers so that they know where their hard-earned money is […] I will get to the bottom of this deceitful action,” Paxton said.

♨️ t.me/TheEconomyNews
Forwarded from The Economy News
❗️Biden job approval dips below 40% for first time — RealClearPolitics poll

39.8% of Americans approve of the job the president is doing - with 54.4% disapproving in the aggregated poll

Polls are not Joe’s friend… have Dems lost faith in Biden as well?

♨️ t.me/TheEconomyNews
Forwarded from Supvo
⚡️Trump’s ‘Truth Social’ platform launch expected end of March – Fox News citing sources

📱 t.me/supernarrativ
Forwarded from PEPE nft official
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If you can‘t see the SBMK chat on android or iPhone please use the Web Telegram:
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♦️ t.me/SBMKme
Forwarded from Supvo
❗️Monzo Banking App Down: Customers in the UK report they are unable to transfer or receive money (Downdetector)

📱 t.me/supernarrativ
Forwarded from The Economy News
Consumers facing YEARS of high energy prices — CEOs warn

The heads of some of the world’s largest oil and gas producers have warned consumers should brace for years of high energy prices. (Reuters)

Oil and gas prices have skyrocketed during the reopening of the globe after Covid restrictions have been eased. European natural gas has more than tripled over the last year.

"I've no good news to deliver, oil prices will remain high", Patrick Pouyanne, chief executive of France's TotalEnergies, told RTL radio this week. While BP CEO Bernard Looney also warned Reuters, "What we can expect is volatility over the coming months and years.”

♨️ t.me/TheEconomyNews
Forwarded from Supvo
Facebook Censors Article on Biden Admin Allegedly Funding Crack Pipes (reports)

Third-party fact-checkers censored a Washington Free Beacon article Wednesday noscriptd, “Biden Admin to Fund Crack Pipe Distribution to Advance ‘Racial Equity.” (Daily Caller)

Facebook posts containing the Free Beacon’s article contained a warning label that says it contains “partly false information,” the was checked by “fact-checkers.”

The Department of HHS is funding “harm reduction” efforts, which includes distribution of clean crack pipes and syringes in efforts to reduce harm.

📱 t.me/supernarrativ
Forwarded from SBMK info
Tesla Recalls 1/2MLN+ Cars - Gets Sued for Racism at Factory

Tesla has been zapped with an umpteenth recall action in two weeks, concerning some 578,607 cars in the US, mainly over its Boombox function possibly obscuring the pedestrian warning system.

26,681 more vehicles are being recalled due to problems with windshield defrosting.

In addition, the electric car giant is facing a lawsuit from California’s civil rights regulator, over its Fremont factory allegedly being racially segregated - with Black workers subjected to racial slurs.

And it's only Thursday, Mr Musk...

🚀 t.me/ElonMuskInfo
Forwarded from The Economy News
Credit Suisse posts largest quarterly loss in years

The Zurich-based bank lost around $2.16 billion in the three months through December adding to its worst period since the financial crisis. (Bloomberg)

The company has struggled in recent times amid a large-scale restructuring and litigation charges.

‘We have set clear financial goals for all our divisions and are now focused on delivering on our strategic objectives,” the company’s CEO said.

♨️ t.me/TheEconomyNews
Forwarded from The Economy News
US Inflation hits highest level in 40 years in January – prices rise 7.5% from 2021

The consumer price index rose 7.5% in the first month of 2022 - notching another four-decade high in inflation. (Fox Business)

Consumer demand and supply chain jams fueled rapid price gains across the US which wiped out benefits of rising wages for most Americans.

“US annual CPI is the highest since 1982, and what’s worse is that this likely isn’t the peak," a chief economist said.

♨️ t.me/TheEconomyNews
Forwarded from NFT Collector Group
McDonald’s to Have NFT on Menu? Restaurant Chain Prepares for Metaverse Presence

McDonald's has filed for ten new trademark applications aiming to create a "virtual restaurant featuring actual and virtual goods" and “operating a virtual restaurant featuring home delivery.”

The restaurant chain could also be able to offer “downloadable multimedia files” for audio and visual media, as well as non-fungible tokens.

🤖 t.me/NFTcollectorGroup
Forwarded from PEPE nft official
Entry Closed! All following entry will be paid next month (as the 3rd rollout)!

Stay tuned & follow: @SBMKme

♦️ t.me/SBMKme
Forwarded from PEPE nft official
ALL PAID !
All who applied for the 2nd SBMK rollout were paid with the Free Basic Income SBMK now!

Next Rollout in 30 days!

(You must apply as usual again for the next rollout - one post of Wallet-No and „SABMYK three fingers: third way sign on SABMYK text photo“ is enough. Please do not post the same for several times. Instructions: www.sbmk.me/get)

♦️ t.me/SBMKme
Crypto payments could be coming to an iPhone near you

Crypto payments could be elevated to the next level, judging by the revelation made by popular smartphone manufacturer Apple Inc yesterday.

According to the iPhone creator, adding a new Tap to Pay feature for its smartphones is on the cards, which would effectively turn these devices into a point-of-sale machine for businesses.

🟡 t.me/CryptoSignalsMust
Forwarded from Metaverse Account
South Korea's sovereign wealth fund plots push into AI and metaverse investments

South Korea's sovereign wealth fund has outlined plans to up its investments in Silicon Valley startups as it looks to increase its exposure to the metaverse, AI and alternative assets.

The head of the $200 billion fund, Korea Investment Corp (KIC), said it was looking past tech's recent stock market nosedive and the risk of an interest rate hike by the Federal Reserve, according to a report by Bloomberg.

🤡 t.me/MetaverseAccount
Forwarded from Blockchain Report
Former JPMorgan Exec Named Algorand Foundation CEO - Blockworks

Now she is joining the Algorand Foundation as its CEO. By leveraging the Algorand protocol and open-source software, the Algorand Foundation seeks to create an open, public and permissionless blockchain.

"Staci understands the potential for Algorand to become a dominant layer-1 blockchain, and she has the experience and expertise to drive our global efforts to scale and to deliver outstanding value to our community," Algorand Foundation Board Chairman Kieron Guilfoyle said in a statement.

🥅 t.me/BlockchainReport
Forwarded from Gold Trade News
Bitcoin's Price Drops $1K in Minutes as January CPI Comes at 7.5%

Bitcoin's price tumbled by about $1,000 in less than a few minutes as the numbers for January's consumer price index came on. The Consumer Price Index is used to gauge the average change over time in the prices that are paid by urban consumer for a basket of consumer goods and certain services.

February 2022 CPI information is scheduled for release for March 10th. With this in mind, a lot of polls expected an increase in the CPI, and it turned out to be a "Sell-the-news" event for BTC's price, which lost about $1,000 at the time of this writing - minutes after the numbers were released.

🏆 t.me/GoldTradeNews
Forwarded from The Economy News
China developer Zhenro loses 66% value on bond redemption concerns

Zhenro Properties shares plunged 66% over concerns it will not redeem a $200 million bond as planned next month. (Bloomberg)

Shares plummeted a record 66% in Hong Kong and an onshore bond maturing in 2024 fell 23%, the most in over a month.

The Shanghai-based developer is one of many of China’s major real estate companies in dire straights, with Evergrande still struggling to pay its $300 billion in financial obligations.

♨️ t.me/TheEconomyNews
Forwarded from Best Token News
Chinese crypto billionaire & Binance founder to buy into news outlet that investigated his own firm

Binance founder Changpeng Zhao, who is worth an estimated $96 billion, announced a $200 million investment into Forbes, which once investigated his company. (Daily Mail)

Forbes at one time accused Binance of attempting to “intentionally deceive regulators” and the crypto exchange.

Zhao has assured that freedom of press will not be silenced at the outlet stating, “Forbes will continue to be fairly independent.”

“Fairly independent,” just like Bezos and WaPo?

⚜️ t.me/BestTokenNews