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PSW Magazine NEWS

Home-Flipping Plummets As Profits Slump

By Michael Tucker of the Mortgage Bankers Association Home flipping fell nearly 30% in 2023 compared to the year before, according to ATTOM. The ATTOM year-end...

Apple Shares Fall On Chinese Report That iPhone Shipments Plunged 33%  

Apple shares fell in premarket trading in New York after official Chinese data showed iPhone shipments plunged 33% in February, compared with the same...

There Goes The Fed’s Inflation Target: Goldman Sees Terminal Rate 100bps Higher At 3.5%

Two years ago, we first said that it's only a matter of time before the Fed admits it is unable to rsolve the so-called...

Hertz CEO Out As Firm Seeks Traction After Big EV Bet Goes Bust

CEO Stephen Scherr's barely two-year ride with Hertz came to a screeching halt on Friday. In his wake, he leaves a company still working...

McDonald’s Stores Hit By Multi-Nation “Technology Outage”

A major technology outage forced McDonald's stores in Australia, Japan, Hong Kong, and the United Kingdom to either shutter operations or suspend online ordering...

Foxconn Reports 33% Profit Surge On Booming Demand For AI Servers

Taiwanese tech giant Foxconn - also known as Hon Hai Precision Industry - reported the second consecutive quarter of profit growth driven by a...

Poll Reveals Aspirin Overuse Despite New Guidelines Warning Of Bleeding Dangers

Authored by Amie Dahnke via The Epoch Times (emphasis ours), Millions of seniors pop aspirin every day, hoping to stave off heart attacks, but mounting...

UnitedHealth CEO Meets White House Officials After ‘Biggest Cyber Attack On US Health Care System’

Following a devastating cyberattack on the nation's largest health insurers that sparked chaos across the entire healthcare payments system, the CEO of UnitedHealth Group...

Money-Market Fund Assets Soar $100BN In 3 Weeks As Fed’s Bank Bailout Facility Expires

Despite soaring stocks, money-market fund assets soared to yet another fresh record high for the third straight week, adding $31BN to $6.11TN (over $100BN...

“Behind The Scenes”: Amazon & Google Quietly Lower Expectations For Generative AI As Hype Cycle Fades

Over 10,300 X users participated in a survey we conducted almost a month ago, asking: "Have you used Grok, ChatGPT, Gemini or any other AI...

Fed Liquidity Is Facilitating Market’s Inflation Fantasy

Authored by Simon White, Bloomberg macro strategist, The market continues to anticipate a benign inflation outcome, but price growth is becoming ingrained and CPI is...

Producer Prices Surged Again In February As Energy Costs Re-Accelerated

After the hotter-than-expected consumer price data, February Producer Prices were expected to slow their surge from January but they did not... with headline Final...

Gold & Bitcoin Close At Record Highs As Bonds & Stocks Dip

Gold & Bitcoin Close At Record Highs As Bonds & Stocks Dip A quiet macro day let the grown-ups play... and today saw gold and...

Science

Moderna moves three vaccines into final stage trials as it works to rebound from Covid slump

Moderna has more to offer beyond its Covid vaccine. The biotech company Wednesday announced positive clinical trial data on three experimental …

Fighting every wildfire ensures the big fires are more extreme, and may harm forests’ ability to adapt to climate change

In the U.S., wildland firefighters are able to stop about 98% of all wildfires before the fires have burned even 100 acres. That may seem comforting, …

Exploring the roots of stupidity: first understand the psychology of what lies behind irrational opinions

Most people, at one time or another, act foolishly. However, truly ignorant individuals exhibit a lack of introspection and stubbornly cling to their …

Climate change is speeding up in Antarctica

In recent years, Antarctica has experienced a series of unprecedented heatwaves. On 6 February 2020, temperatures of 18.3C were recorded, the highest …

James Webb telescope confirms there is something seriously wrong with our understanding of the universe

Depending on where we look, the universe is expanding at different rates. Now, scientists using the James Webb and Hubble space telescopes have …

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