China has created a stock market to compete with Wall Street.
I bet it takes off.
Amazon has called everyone back to the office 5 days a week, so lots of "layoffs" coming... and suffering for employees, no matter what they do.
Nvidia being dumped by various people who are bound to know something.
@elsa they want people to quit so they don't have to pay severance. I'd say more but I am just out of wind with these rich MF's.
@soup I know. I've been watching layoffs for the couple years. My son and his gf work in finance and their firm went through this in the worst way. Never mind what I hear from clients. It's ghastly and further, in most cases they told people this would never happen. They moved, often out of state.
Once you're in their, you get you shitty review. This is preparatory to firing you. This has been going on relentlessly for the last two years... including c suite people. I know this, firsthand.
A random thought: I can’t believe it’s been 18 years since I worked at a regular job in corporate. The company was an innovator, established at a local university here in the 1950’s and remained a family company even when my husband began there in the 80’s. But it was bought and over time used as a holding company and morphed nearly every year.
And that’s just that side of it. I won’t even go into all the mandatory HR meetings I see my husband attend.
Tangent.
"Citing data from the Treasury Department, Apollo’s Torsten Sløk says the US government is now spending an average of $3 billion in interest expenses every 24 hours."
Unfathomable... and possible action on this with Venus sq Pluto.
"U.S. banks unrealized losses hit $512.9 billion in Q2 2024"
@elsa Everything feels (is) fake.
edit: Whatever measure they use to talk about the economy seems like a fable.