Why Nvidia’s rise could signal a change in this jittery market:

Why Nvidia’s rise could signal a change in this jittery market:

With Nvidia (NVDA) the dichotomy between the short-sighted traders and the eyes-on-the-prize investors —like our Club members – continues. As much as the positive reaction on Wall Street to Broadcom (AVGO) buying VMware (VMW) and the excellent earnings of Dollar Tree (DLTR) say about the psyche of the market, the remarkably Lazarus-like move of the … Read more

Worry about stagflation, a flashback to ’70s, begins to grow:

WASHINGTON (AP) – Stagflation. It was the dreaded “S word” of the 1970s. For Americans of a certain age, it conjures memories of painfully long lines at gas stations, shuttered factories and President Gerald Ford’s much-ridiculed “Whip Inflation Now” buttons. Stagflation is the bitterest of economic pills: High inflation mixes with a weak job market … Read more

One Billion People Are At Risk Of Rolling Blackouts This Summer:

This summer, power grids worldwide will not produce enough electricity to meet the soaring demand, threatening more than one billion people with rolling blackouts. Grids are stretched thin by fossil fuel shortages, drought and heatwaves, commodity disruptions and soaring prices due to the war in Ukraine, and the failed green energy transition where grid operators … Read more

Amazon shareholders approve $ 212M payout to CEO Jassy, ​​reject worker safety, climate initiatives:

At its annual meeting for shareholders, Amazon’s investors approved a more than $ 212 million payout for CEO Andy Jassy and voted against 15 proposals asking the company to report on worker safety, climate goals, pay rates, use of its face recognition technology and its stance on workers’ right to unionize. “We’re going to continue … Read more

The Terra / Luna hall of shame:

A once-stable, “safe and happy” crypto project named terraUSD imploded earlier this month, prompting an “I told you so” chorus from detractors aimed at those unfortunate enough to be duped – and inked – by the latest crypto calamity. It’s hard not to poke fun at a decentralized, trustless, permissionless, hard-money utopian future of finance … Read more