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After yesterdays midsession rebound, the dow initially fell more than 750 points from the trading session before that striking turn around and finished higher more than 750 points s p 500 went from more than down 1,500 and nasdaq went to close up by 1. 4 these moves came after the fed said it would buy individual Corporate Bonds, not just the etf. President powell trading these today not only on what jay powell said but this idea that the administration will be looking for a 1 trillion package it just seems like the federal government is doing the best in their economy. S p indicated up by 41 and the nasdaq indicated up by 73. Looks like this morning, the 10year is yielding 7. 43 . Watching this stuff how it played out yesterday was kind of phenomenal i couldnt believe what we were watching at the close. It was quite unbelievable you are right houj part is the government stimulus unless that leaked out watching the market. It was ....
Our audacious daily links: nuke adjacent otters, conflicts increasing antbiotic resistance? JN.1 symptoms, US clean electricity progress, XI new leadership plans? Japan to help arm Soutn Korea, Israel stymied, big Russian strikes, Bidenomics fail, more US immigration mess, AI deflation? ....
Who needs CBDCs or a National Digital ID program to track every financial transaction you make, when Apple has already beat everyone to the punch with their AppleID that now can be linked to your bank account as well? Yesterday, Apple announced that they are now offering attractive rates on savings accounts through their Apple Wallet, as they team up with banking giant Goldman Sachs. With Elon Musk and others racing to create the first "do everything" app that can track pretty much everything one does in life, Apple just beat everyone to the punch by effectively making the iPhone, which is already in the hands of over 120 million people in the U.S., and over 1 billion worldwide, a device that can now pretty much link everything you do to your AppleID. This is a brilliant move by Goldman Sachs, which like all U.S. banks right now, is seeing a mass exodus of deposits since the banking crisis started last month. In their first quarter report today, Goldman Sachs CEO David Solomo ....
Silicon Valley Bank made it to Forbes’ annual list of America’s best banks just weeks before federal regulators stepped in to shut it down as it became the first major American bank to fail since the 2018 financial crisis. ....