Daily news
March 20, 2023
March 20, 2023
Amazon to cut another 9,000 jobs: a reason to buy Amazon stock? Inc (NASDAQ: AMZN) is in focus this morning after announcing another massive round of layoffs to streamline costs. What jobs will be affected? On Monday, the tech behemoth confirmed plans of cutting another 9,000 jobs to better position for the economic uncertainty it sees in the near future. The said lay off will primarily […]

UBS agrees to buy Credit Suisse: Morningstar’s Scholtz says CS investors will ‘feel shortchanged’

UBS Group AG (NYSE: UBS) agreed to acquire rival Credit Suisse Group AG (NYSE: CS) in what would have “seemed like a terrific deal” – had the agreement taken place a week ago, Morningstar analyst Johann Scholtz said in a note sent to Invezz. While the “position is less clear” today amid notable net outflow […]

Some Buttons That I’d Not Push, and Some That I Would Push

My confidence in free markets is so high, and my faith (for faith is required) in government is so low, that my presumption is that nearly all government interventions into the economy are, on net, unjustified and harmful. This presumption fuels my instinct that these interventions should be eliminated pronto. But I’m also sufficiently influenced […]

Is it a LOLR? No, It’s a Trap

In the 1983 film Return of the Jedi, Admiral Ackbar turns to the officers on the bridge and says what everyone already knew: “It’s a trap!” It had seemed a little too easy to be able to destroy the main threat, permanently and with no risk. Of course that turned out badly for the Alliance; […]

Nasdaq 100 index nears key level as Wilson predicts end of bear market

The Nasdaq 100 index futures wavered on Monday as investors reflected on the implosion of Credit Suisse, the second-biggest Swiss banking group. The closely-watched index was trading at $12,540, which was a few points below this week’s high of $12,867.  Mike Wilson gives hope The Nasdaq 100 and other American indices have been under intense […]

Biden’s Twitter account fact-checked for dubious claim about the taxes billionaires pay
NY prosecutor eyeing Trump has faced repeated criticism for being soft on crime
San Francisco supervisor Hillary Ronen begs for more police in her district after voting to defund in 2020
Manhattan DA’s case against Trump must be ‘strong’ to warrant ‘unprecedented’ arrest: Sen. Kelly says
California Gov. Gavin Newsom asks lawmakers for measure on 2024 ballot to approve new mental health beds
Trump calls Manhattan DA investigating him a ‘Racist in Reverse’
Elizabeth Warren, Marjorie Taylor Green agree people shouldn’t protest alleged Trump arrest
Dem senator calls on law enforcement to ‘pay attention’ to Trump protests ahead of potential arrest
Mike Pence responds to question regarding former President Trump’s possible arrest
Graham slams soft-on-crime Bragg for targeting Trump while New Yorkers ‘lucky’ not to get ‘mugged’
Trump 2024 opponent Vivek Ramaswamy slams possible looming indictment: ‘Dark moment in American history’
Pelosi, Dems calls Trump’s arrest warning ‘reckless,’ accuse him of fomenting ‘unrest’
DOJ appeals to Supreme Court after court invalidates domestic violence restraining order gun ban
GOP lawmakers slam potential Trump indictment: ‘Third World Banana Republic lunacy’
Trump targeted: A look at probes involving the former president; from Stormy Daniels to Russia to Mar-a-Lago
Trump-Stormy Daniels settlement at heart of potential NY DA indictment didn’t violate campaign law: FEC expert
Trump gears up for 2024 rally in Waco, Texas amid ongoing federal investigation, possible NY indictment
Kansas appeals court reinstates suit over ballot harvesting law
Massachusetts Gov. Healey looks to extend schools’ universal free lunch program
Conservative Dan Kelly releases first ad of Wisconsin Supreme Court campaign
Vermont Senate passes bill protecting providers of abortions, trans procedures from legal action
Trump says biggest threat to America is not Russia but ‘USA-hating people,’ including ‘godless’ Marxists
Longtime Wisconsin Sec. of State, ‘Fighting Bob’ relative Doug La Follette resigns post
Rick Scott demands answers on NIH funding that went to Wuhan Institute of Virology