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commented on and voted
US Federal Reserve chairman Jerome Powell said his goal is “to get wages down,” complaining workers have too much power in the labor market. Economist Michael Hudson says this is “junk economics,” and corporate monopolies are driving inflation, not wages.
“Wages are running high, the highest they’ve run in quite some time,” the Fed chairman lamented.
Workers need to be disciplined by the labor market, he insisted.
Powell argued, “There’s a path by which we woul...
“Wages are running high, the highest they’ve run in quite some time,” the Fed chairman lamented.
Workers need to be disciplined by the labor market, he insisted.
Powell argued, “There’s a path by which we woul...
![Federal Reserve wants lower wages](https://ussnsimg.moomoo.com/1653921344942-70040946-android-org.jpg/thumb)
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MACRO
The Formula Crisis Takes an Economic Toll on Families
The US baby formula crisis has been getting worse. Out-of-stock rates spiked to 74% nationally for the week ended May 28, up from 70% the previous week, based on data from the retail tracking firm Datasembly. In 10 states, the rates were 90% or higher. While incoming shipments and rebooted production give some reason to hope the crisis could improve in coming weeks, for ...
The Formula Crisis Takes an Economic Toll on Families
The US baby formula crisis has been getting worse. Out-of-stock rates spiked to 74% nationally for the week ended May 28, up from 70% the previous week, based on data from the retail tracking firm Datasembly. In 10 states, the rates were 90% or higher. While incoming shipments and rebooted production give some reason to hope the crisis could improve in coming weeks, for ...
![Wall Street Today | Twitter plans to supply Musk with internal data](https://ussnsimg.moomoo.com/8340433406618351741.jpg/thumb)
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Brent crude surged to levels not seen in two months on Monday, as easing COVID restrictions in China’s biggest cities drove fresh hopes for demand
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Elon Musk isn't pleased after $Tesla (TSLA.US)$ was dropped from an equity index that tracks environmental, social and governance principles (ESG).
ESG is a scam. It has been weaponized by phony social justice warriors.
—— Mr.Musk said.
Musk lamented that $Exxon Mobil (XOM.US)$, one of the world's largest oil and gas companies, remained in the index.
The S&P Dow Jones Indices recently removed Tesla and several other companies from its E...
ESG is a scam. It has been weaponized by phony social justice warriors.
—— Mr.Musk said.
Musk lamented that $Exxon Mobil (XOM.US)$, one of the world's largest oil and gas companies, remained in the index.
The S&P Dow Jones Indices recently removed Tesla and several other companies from its E...
![Vote Now | Elon Musk calls ESG 'is a scam'. What do you think?](https://ussnsimg.moomoo.com/9166618833239999790.png/thumb)
![Vote Now | Elon Musk calls ESG 'is a scam'. What do you think?](https://ussnsimg.moomoo.com/4093437802158525841.png/thumb)
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Maybe if were lucky Tesla shares might get a boost now .
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MACRO
· Treasury yields extend slide amid signs of extreme bearishness
U.S. Treasury yields slid Tuesday for a third straight day, amid signs that positioning for higher yields had become extreme, setting the stage for a snap-back.
· Stock volatility is helping active fund managers, Schwab's Sonders says
The S&P 500 Growth Index is down a whopping 19% this year while the value benchmark is down a more modest 3%. At the same ti...
· Treasury yields extend slide amid signs of extreme bearishness
U.S. Treasury yields slid Tuesday for a third straight day, amid signs that positioning for higher yields had become extreme, setting the stage for a snap-back.
· Stock volatility is helping active fund managers, Schwab's Sonders says
The S&P 500 Growth Index is down a whopping 19% this year while the value benchmark is down a more modest 3%. At the same ti...
![Wall Street Today | Tesla stock drop wipes out $126 billion in one day](https://ussnsimg.moomoo.com/5371168693665948781.jpg/thumb)
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still great numbers but can't seem to satisfy the wall street Elites with all the inside information they have. Sick and tired that the shorts and insiders screw the average investors and the SEC never does anything about it.
Dislikes Dems : Powell is like Biden Numb between the Ears!!
Dislikes Dems : BUT I agree on one point nobody deserves $17.00 working there first job at Taco Bell or Walmart give me a fckn Break.
Dislikes Dems : There is only one person that is as full of Sheath as Numbnuts BIDEN that's Powell !!
Dislikes Dems MRBROTHER : Both of these worthless POS need to retire Biden has no true Brain functions !!
Dislikes Dems AlteredPoverty : Right on the NEW young crowd will be the demise of this country lazy bumbs.
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