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July 1, 2022

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GM warns of manufacturing issues in second quarter but stands by forecast for the year

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CNBC – For more and to sign up click here Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Images DETROIT – General Motors on Friday......

Micron warns weakening consumer demand will hurt smartphone sales

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CNBC – For more and to sign up click here Sanjay Mehrota, Micron Technology President & CEO at the WEF in Davos, Switzerland on May 24th, 2022. Adam Galica | CNBC Micron Technology, a major vendor of memory chips for PCs and smartphones, said on Thursday that it expects smartphone sales......

Internal Facebook memo warns company must be disciplined, prioritize ruthlessly

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CNBC – For more and to sign up click here Chris Cox, Chief Product Officer, Meta, speaking the WEF in Davos, Switzerland on May 25th, 2022. Adam Galica | CNBC Facebook-parent Meta has warned employees to expect a tough second half of the year as the company continues to weather......

DHS warns in memo of ‘likely’ violent extremism following Supreme Court overturning Roe v. Wade: reports

USA TODAY – For more and to sign up click here Caroline Vakil The intelligence branch of the Department of Homeland Security is warning officials on Friday of what it says is the likelihood of domestic violent extremism in the wake of the Supreme Court’s ruling that eliminates federal-level abortion......

Intel warns Ohio factory could be delayed because Congress is dragging its feet on funding

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CNBC – For more and to sign up click here A large chip factory currently in the early stages of being built outside of Columbus, Ohio, could see its scope scaled back or construction delayed depending on what Congress does with the CHIPS Act, Intel said in a statement on......

Bitcoin could plunge even further to a low of $13,000, one strategist warns

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CNBC – For more and to sign up click here If crypto’s past bubbles are anything to go by, bitcoin could be about to fall much further. That’s according to one strategist, who warns the world’s top cryptocurrency is likely to tank as low as $13,000 — an almost 40%......

Inflation won’t come down anytime soon if Tuesday’s rally lasts, Jim Cramer warns

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CNBC – For more and to sign up click here CNBC’s Jim Cramer said that Tuesday’s market gains need to come down in order for the Federal Reserve to beat inflation as soon as possible. “Right now, the best outcome would be for the averages to come down quickly, so......

Russia warns NATO-member Lithuania over Kaliningrad transit

Reuters
A Russian customs officer works at a commercial port in the Baltic Sea town of Baltiysk in the Kaliningrad region, Russia October 28, 2021. REUTERS/Vitaly Nevar/File Photo Register now for FREE unlimited access to Reuters.com Register Kremlin: situation is ‘more than serious’ Lithuania says: this is implementation of EU decision......

NATO warns of long Ukraine war as battles grind on

Reuters
NATO’s Stoltenberg says war could last years Allies must show they will back Ukraine for long haul -Johnson Ukraine admits setback in area near Sievierodonetsk ‘All that is ours we will take back’ -Zelenskiy KYIV, June 19 (Reuters) – The war in Ukraine could last for years, the head of......

BOJ maintains ultra-low rates, warns it is closely watching yen moves

Reuters
BOJ keeps interest rate targets unchanged, as expected BOJ says watching impact of FX moves on economy No change to dovish policy guidance BOJ Gov Kuroda to brief media 0630 GMT TOKYO, June 17 (Reuters) – The Bank of Japan maintained ultra-low interest rates on Friday and its guidance to......

Billionaire investor Orlando Bravo warns there’s ‘more pain to come’ for the tech sector

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CNBC – For more and to sign up click here Investors asking tech firms for a path to profitability are “not going to love what they see,” said Orlando Bravo, founder of buyout firm Thoma Bravo. Eva Marie Uzcategui | Bloomberg via Getty Images Private equity boss Orlando Bravo has......

U.S. safety agency says Tesla accounts for most driver-assist crashes, but warns data lacks context

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CNBC – For more and to sign up click here The NTSB released this image of a 2021 Tesla Model 3 Long Range Dual Motor electric car that was involved in a fatal accident near Miami that killed two people on Sept. 13, 2021. NTSB Tesla vehicles have accounted for......

Wall Street is on a one way trip to misery until Fed hikes stop, market forecaster Jim Bianco warns

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CNBC – For more and to sign up click here Until inflation peaks and the Federal Reserve stops hiking rates, market forecaster Jim Bianco warns Wall Street is on a one way trip to misery. “The Fed only has one tool to bring in inflation and that is they have......

‘Delusional’: UN chief slams new fossil fuel funding and warns of climate chaos

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CNBC – For more and to sign up click here In remarks delivered to the Austrian World Summit in Vienna via video, Antonio Guterres issued a sobering assessment of the planet’s prospects. “Most national climate pledges are simply not good enough,” he said. Michael M. Santiago | Getty Images News......

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