The Weïrd Sisters

Widespread financial meltdown continued again today, slamming crypto, silver, and private credit particularly hard. After what appeared to be an early morning rally, it didn’t last as a range of more-than-disappointing labor data came flooding to the tape. The narrative of a 2026 ...  Show more

Pepsi is slashing prices for some of its most popular brands, some by 15%. The company said it has spent the past year listening to consumer feedback. Nah. What happened is always what happens in this economy and why there is no breakout inflation. Companies that do raise prices ...  Show more

David Cameron was paid a salary of more than $1m by Greensill Capital, the finance company whose dramatic collapse exposed the former UK prime minister’s extensive lobbying efforts, and US banks will face tough questions about the prospects for their lending operations this we ...

Read a transcript of this episode on FT.com

https://www.ft.com/content/e03bcc3e-c418-47e6-9037-0f0030529af0

The US tomorrow ...

Friday, February 2nd, 2024

Today,  Trump Org CFO Allen Weisselberg is in negotiations to plead guilty to a perjury charge; President Biden hits violent Israeli settlers in the West Bank with sanctions; the House votes to expand the child tax credit; Trump spent $50M doll ...

The chair of the Federal Reserve, Jay Powell, sought to ease concerns in Congress about the Federal Reserve’s response to surging 

inflation, the assassination of Haiti’s president Jovenel Moïse last week has plunged the poorest nation in the Americas deeper into ch ...