THREAD: tech stocks soar

TRUMP’S Triumph Ignites Outrage: Just Stop OIL Strikes Back

06 November 2024 — On Wednesday, Donald Trump claimed victory in the 2024 U.S. Presidential Election, winning support from over 70 million Americans. Yet, not everyone was pleased. The far-left group Just Stop Oil showed their anger by splashing bright orange paint on the U.S. Embassy in London.

Just Stop Oil slammed corporate power and fossil fuel industries, saying they control major political parties and are the real winners of the election. They called Trump a “fake populist,” claiming he ignores what they see as vital — stopping oil and gas drilling. The group urged regular people to act since they believe no leaders will make needed changes.

Activist Joseph Aggarwal was detained by police after joining the protest. He voiced concerns about a lack of true democracy across Western nations, arguing voters get similar policies no matter which party wins, worsening living conditions and climate issues. Aggarwal accused Trump of using public frustration to help billionaires while ignoring urgent environmental problems.

TRUMP’S Surge: Why Hispanic Voters Are Embracing Him

06 November 2024 — CBS News Executive Director of Elections and Surveys, Anthony Salvanto, highlighted Donald Trump’s rising support among Hispanic neighborhoods in Philadelphia. Despite Trump’s past rhetoric, many Hispanics feel he isn’t targeting them negatively. This perception is shifting some Latino voters toward Trump.

A poll revealed that two-thirds of surveyed Latinos believe Trump wasn’t referring to them when discussing immigrants. Additionally, half of foreign-born Latinos shared this sentiment. These findings suggest a growing acceptance of Trump among Hispanic communities.

While Latinos predominantly lean Democrat, Trump’s messaging on the economy resonates with many in this demographic. His approach appears to offer a sense of belonging similar to that extended to white voters. This strategy could be pivotal for his future campaigns as he continues to engage with diverse voter groups.

HARRIS’S FUNDING Frenzy: Can Trump’s Campaign Catch UP?

10 October 2024 — Vice President Kamala Harris has surged ahead of former President Donald Trump in campaign fundraising. On the day she announced her candidacy, Harris raised $25 million and reached $500 million within a month. This financial boost gives her a strong edge as the 2024 presidential race intensifies.

Trump’s campaign, however, had collected $309 million by the end of August. To close this gap, Republican super PACs are stepping up, spending over $80 million on TV ads nationwide in September alone. They’ve also set aside more than $100 million for advertising during the campaign’s final weeks.

Despite this fundraising difference, Republicans remain determined. They’re investing heavily in online, mail, and door-to-door campaigns to counter Harris’s financial lead. The race for the White House is becoming fiercely competitive as both sides strategically deploy their resources to win voters over.

TRUMP RALLY Draws Huge Crowd In Arizona: Supporters Ecstatic

24 August 2024 — Videos and pictures on social media show the arena, which holds 18,000 people, nearly full ahead of former President Donald Trump’s speech at the Turning Point Action rally. Supporters lined up for miles hoping to gain entry.

The venue previously hosted an event by Harris earlier this month, drawing a crowd of 15,000. The Trump rally comes shortly after Robert F. Kennedy Jr. announced the suspension of his presidential campaign and urged blue state residents to vote for him while supporting Trump in battleground states.

Trump hinted at a “special guest” for the rally on Truth Social, leading many to speculate that it could be Kennedy. “Heading to Arizona where I will soon be speaking at Turning Point — BIG CROWD, AND EVEN BIGGER SURPRISE!” he posted.

BRITISH Tech Magnate MISSING After Superyacht Tragedy

19 August 2024 — British tech magnate Mike Lynch and five others are missing after their luxury superyacht sank during a freak storm off Sicily. Lynch’s wife and 14 others survived the incident. Authorities confirmed that one body has been recovered, and police divers are attempting to reach the hull of the ship at a depth of 50 meters (163 feet).

The yacht, named Bayesian, was anchored near Porticello when a waterspout struck overnight. The sudden storm battered the area precisely where the 56-meter (184-foot) British-flagged vessel was moored. Salvo Cocina of Sicily’s civil protection agency stated, “They were in the wrong place at the wrong time.”

The Bayesian had a crew of 10 and 12 passengers on board. Another nearby superyacht assisted in rescuing some of the survivors, including Lynch’s wife Angela Bacares. The yacht was notable for its single 75-meter (246-feet) mast made of aluminum, which was lit up just hours before it sank.

BLOOMBERG’S $1 Billion Gift Transforms Johns Hopkins Medical School

09 July 2024 — Starting this fall, Bloomberg Philanthropies will cover tuition for Johns Hopkins medical students from families earning under $300,000 annually. This initiative aims to reduce student debt and increase opportunities.

Students from families making less than $175,000 a year will also have their living expenses and fees covered. Mike Bloomberg stated that more generous financial aid has made Johns Hopkins more economically diverse and selective.

The $1 billion gift will not only make medical school tuition-free for those with limited means but also boost financial aid for other graduate programs at Johns Hopkins. This move is expected to attract top students who might otherwise be deterred by financial constraints.

LABOUR PARTY Surges Amid UK Election Betting Scandal

29 June 2024 — The U.K. general election on July 4 is approaching, with the Labour Party expected to defeat Prime Minister Rishi Sunak’s Conservatives. Polls indicate Labour leader Keir Starmer will likely form the next government.

The Conservative campaign has struggled, facing allegations of election betting involving figures close to Sunak. This scandal has further dampened their already lackluster efforts.

In the U.K., the prime minister decides election dates, unlike fixed schedules in countries like the U.S. This unique system has led to a market for predicting election dates and outcomes.

Police officers and Conservative insiders are under investigation for their involvement in this betting scandal, adding another layer of controversy as over 50 countries prepare for elections in 2024.

SOUTH KOREAN Election Shocker: Voters Lean Left in Historic Turn

11 April 2024 — South Korean voters, upset by the economic slump, are showing their disapproval towards President Yoon Suk-yeol and his ruling People Power Party (PPP). Early exit polls indicate a dramatic tilt in the National Assembly, with the opposition DP/DUP coalition on track to win between 168 and 193 of the 300 seats. This would leave Yoon’s PPP and its partners trailing with just 87-111 seats.

A record-breaking turnout of 67 percent — the highest for a midterm election since 1992 — reflects widespread voter engagement. South Korea’s unique proportional representation system aims to give smaller parties a chance but has resulted in a crowded field that confuses many voters.

PPP leader Han Dong-hoon has publicly recognized the disappointing exit poll figures. He pledged to honor the electorate’s decision and wait for the final tally. The election results could mark a pivotal change in South Korea’s political landscape, hinting at broader shifts ahead.

This electoral outcome underscores growing public discontent with current economic policies and signals a desire for change among South Korean voters, potentially reshaping the nation’s policy direction in years to come.

TRUMP SURGES Ahead in Michigan: Biden’s Struggle to Secure Base Exposed

25 March 2024 — A recent trial ballot in Michigan has revealed a surprising lead for Trump over Biden, with 47 percent favoring the former president compared to 44 percent for the incumbent. This result falls within the survey’s ±3 percent margin of error, leaving nine percent of voters still undecided.

In a more complex five-way trial ballot test, Trump maintains his lead at 44 percent against Biden’s 42 percent. The remaining votes are split among independent Robert F. Kennedy Jr., Green Party candidate Dr. Jill Stein, and independent Cornel West.

Steve Mitchell, president of Mitchell Research, attributes Trump’s lead to Biden’s lackluster support from African Americans and younger voters. He forecasts a nail-biting contest ahead as the victory will likely hinge on which candidate can rally their base more effectively.

In a head-to-head choice between Trump and Biden, an overwhelming 90 percent of Republican Michiganders back Trump while only 84 percent of Democrats support Biden. This poll report underscores an uncomfortable situation for Biden as he loses a significant 12 percent chunk of his vote to former President Trump.

FAA UNLEASHES Drone-Swarm Farming: A Game-Changer in Cutting Costs and Boosting Efficiency

24 March 2024 — The Federal Aviation Administration (FAA) has given a special exemption to Texas-based drone manufacturer, Hylio. This approval paves the way for “drone-swarm” agriculture, an economical approach to seeding and spraying crops using groups of drones weighing 55 pounds or more.

Hylio’s CEO, Arthur Erickson, highlights how this pioneering method slashes both the initial investment on machinery and running costs to about a quarter or third of conventional farming methods. He points out that even a trio of drones is considerably more affordable than a single tractor while also conserving water and fuel.

Before this exemption, each drone needed its own pilot and observer due to weight restrictions in flight which made covering vast fields laborious. With the FAA’s new ruling, Hylio can now launch multiple drones at once without needing extra personnel or paying additional fees for its software.

This landmark decision by the FAA holds potential to transform agriculture by enhancing efficiency and eco-friendliness while significantly trimming costs.

SENIOR CITIZEN Soars Skyward: Security Shutter in Wales Store Lifts Woman Off Ground

06 March 2024 — In an unusual turn of events, Anne Hughes, a 71-year-old woman, found herself lifted off the ground when her coat became entangled with a security shutter outside a store in Wales.

Hughes, who works as a cleaner at the Best One shop near Cardiff, was caught off guard when her coat snagged and she was hoisted into the air. “I thought “flipping heck!”” said Hughes. A quick-thinking colleague came to her aid and helped her down after she spent 12 seconds suspended mid-air.

Despite the odd incident, Hughes managed to retain her sense of humor about it all. She expressed relief that she hadn’t landed face-first and even joked that such an event could only happen to her.

The store seized this unexpected opportunity by using the footage for online promotion with a humorous caption about their deals and staff members’ antics. The video clip was shared on social media platform X with this playful tagline: "Don’t hang about like Ann, come down to Best One for unbeatable deals! The only thing going up in our shop is our staff — not our prices!

MASSIVE BLOW: Tata Steel Shutters Wales Plant, 2,800 Jobs Vanish Overnight

20 January 2024 — Indian steel titan, Tata Steel, has revealed plans to close both blast furnaces at its Port Talbot plant in Wales. This drastic move will result in the loss of 2,800 jobs and is part of a broader strategy to streamline their unprofitable UK operation and make it more eco-friendly.

The company intends to transition from coal-fired blast furnaces to an electric arc furnace. This modern method emits less carbon and requires fewer workers. The British government backs this shift with a hefty £500 million ($634 million) investment. Tata Steel is confident that this transition will “turn around over a decade of losses” and foster a greener steel industry.

This decision strikes a severe blow to Port Talbot — a town heavily dependent on the steel industry since the early 20th century. Unions had suggested keeping one blast furnace operational while constructing the electric one as an attempt to mitigate job cuts — a proposal that Tata dismissed.

Both blast furnaces are slated for closure within this year. Meanwhile, plans for installing the new electric furnace are set for completion by 2027.

US STEEL Takeover: BLOCKING Japanese Buyout Could Save American Jobs

22 December 2023 — Nippon Steel, Japan’s leading steel company, is facing a storm of criticism over its planned $14 billion acquisition of U.S. Steel Corporation. The deal, unveiled on Monday, values U.S. Steel at $55 per share and has sparked immediate opposition, especially in the Rust Belt where U.S. Steel has been a cornerstone since 1901.

Despite U.S. Steel’s assurances that the merger would unite “two storied companies with rich histories,” lawmakers are demanding action. Senators J.D. Vance (R-OH), Josh Hawley (R-MO), and Marco Rubio (R-FL) have written to Treasury Secretary Janet Yellen urging the Committee on Foreign Investment in the United States (CFIUS) to halt the deal.

The senators contend that domestic steel production is vital for national security and needs careful scrutiny before permitting foreign investment. CFIUS, led by Yellen, holds the authority to stop such investments after a review process.

While experts predict CFIUS is more likely to block deals involving countries perceived as adversaries like Russia or China rather than allies like Japan, this situation highlights bipartisan worries about foreign control over crucial industries.

ELF BAR Exposed: The Shocking Truth Behind the World’s Top E-Cigarette and Its Billion-Dollar TAX Scam

19 December 2023 — In just two years, Elf Bar, a flashy vaping gadget, has skyrocketed to global prominence as the leading disposable e-cigarette. Not only has it raked in billions in sales, but it has also become a favorite among underage American teens who vape. Last week saw the first public confiscation of Elf Bar products by U.S. authorities during an operation that seized 1.4 million illegal flavored e-cigarettes from China.

The confiscated goods were worth $18 million and included brands beyond Elf Bar. However, public records and court documents disclose that Chinese e-cigarette manufacturers have smuggled in products valued at hundreds of millions while adeptly circumventing customs duties and import fees. These firms frequently mislabel their shipments as “battery chargers’ or ”flashlights', thereby hampering efforts to control teen vaping in America.

Eric Lindblom, a former FDA official, lambasted regulatory approaches towards disposables as “very weak”, allowing this issue to spiral out of control. Meanwhile, fruit-and-candy-flavored disposables have flooded into America following China’s ban on vaping flavors last year under the pretense of safeguard

Bipartisan Committee CALLS for END of China’s Trade Status: A Potential Jolt to US Economy

12 December 2023 — A bipartisan committee, led by Rep. Mike Gallagher (R-WI) and Rep. Raja Krishnamoorthi (D-IL), has been studying the economic effects of China on the US for a year. The investigation centered on job market changes, manufacturing shifts, and national security concerns since China joined the World Trade Organization (WTO) in 2001.

The committee released a report this Tuesday recommending President Joe Biden’s administration and Congress to implement nearly 150 policies to counteract China’s economic influence. One significant suggestion is to cancel China’s permanent normal trade relations status (PNTR) with the U.S., a status endorsed by former President George W. Bush in 2001.

The report argues that granting PNTR to China did not bring anticipated benefits for the US or trigger expected reforms in China. It asserts that this has led to a loss of vital U.S. economic leverage and inflicted damage on U.S industry, workers, and manufacturers due to unfair trade practices.

The committee proposes shifting China into a new tariff category that reinstates U.S economic leverage while reducing dependence on Chinese

AMAZON and META Bow to UK Antitrust Pressure, Pledge Fair Play

06 November 2023 — Amazon and Meta, two tech behemoths, have put an end to separate antitrust investigations in the United Kingdom. They’ve agreed to halt practices that unfairly tip the scales in their favor against vendors and consumers on their platforms. This agreement was reached with the Competition and Markets Authority (CMA), effectively closing the investigations into their online marketplaces.

The CMA had been examining Amazon’s potential threat to competition by preferentially treating merchants who shell out for extras like storage, packaging, and delivery. The watchdog also probed Amazon’s choice of suppliers for its “buy box” feature as well as its data collection habits. As part of this settlement, Amazon will stop using data from third-party sellers for competitive advantage.

Meta’s probe focused on whether its data collection methods provided it an unfair leg up over competitors offering classified data and online dating services. Both companies have embraced these settlements; Amazon previously settled a similar EU antitrust case in December by agreeing to make substantial changes in how it does business.

FRONTIER AI: A Ticking Time Bomb? World Leaders and Tech Titans Convene to Discuss Risks

01 November 2023 — The latest buzzword in the realm of artificial intelligence, Frontier AI, has been causing a stir due to its potential threats to human existence. Advanced chatbots like ChatGPT have dazzled with their capabilities, but fears about the risks associated with such technology are escalating. Top researchers, leading AI companies, and governments are advocating for protective measures against these looming dangers.

British Prime Minister Rishi Sunak is orchestrating a two-day summit on frontier AI at Bletchley Park. The event is set to draw around 100 officials from 28 nations including U.S. Vice President Kamala Harris and European Commission President Ursula von der Leyen. Executives from prominent U.S. artificial intelligence firms such as OpenAI, Google’s Deepmind and Anthropic will also be in attendance.

Sunak asserts that only governments can shield people from the hazards posed by this technology. However, he stressed that the U.K.'s strategy is not to hastily impose regulation despite identifying potential threats like using AI for crafting chemical or biological weapons.

Jeff Clune, an associate computer science professor at the University of British Columbia who specializes in AI and machine learning was among those urging for more government intervention in mitigating risks from AI last week — echoing warnings issued by tech tycoons like Elon Musk and Open

UAW STRIKE Ends: Ford’s Unprecedented 30% PAY Rise Could Shake Up Detroit Automakers

26 October 2023 — The United Auto Workers (UAW) union has reached a tentative contract agreement with Ford. This development could signal the end of the nearly six-week-long strikes that have rocked Detroit automakers. However, this four-year deal still needs approval from Ford’s 57,000 union members.

The agreement could shape future negotiations with General Motors and Stellantis, where strikes are ongoing. UAW has urged all Ford workers to resume work, hoping to pressure GM and Stellantis into bargaining. More details on how this strategy will be implemented are expected soon.

In a video address, UAW President Shawn Fain announced that Ford offered a wage increase of 50% more than before the strike started on September 15th. UAW Vice President Chuck Browning, who served as the chief negotiator with Ford, disclosed that workers would see an overall wage increase of 25%. This would push the total pay rise over 30%, resulting in top-tier assembly plant workers earning above $40 per hour by contract’s end.

Before this agreement, all three automakers had suggested a pay rise of just 23%. Under the new deal, assembly workers will receive an immediate raise of 11% upon ratification — nearly matching all wage increases since 2007.

APPLE PULLS Plug on Jon Stewart Show Over Controversial Topics: Inside the Power Struggle

22 October 2023 — Apple has reportedly put a halt to Jon Stewart’s show due to disagreements over the subject matter of the upcoming season. The comedian intended to delve into hot-button issues such as China, Israel, and artificial intelligence, sparking tension with Apple’s top brass.

Sources within the company disclosed that the conflict stemmed from some of Stewart’s proposed themes and guests for “The Problem”. It was revealed that potential show topics related to China and artificial intelligence were raising eyebrows among Apple executives.

A subsequent report by CNN pinpointed Israel as another contentious issue that Apple was hesitant to tackle. Despite having been granted creative freedom over his show, Stewart found himself increasingly at odds with the company’s reluctance towards his choice of guests and topics.

China poses a particularly delicate issue for Apple. The authoritarian communist country represents nearly one-fifth of Apple’s sales revenue and is also home to most of its manufacturing operations.

UK Inflation DEFIES Predictions, STAYS at 67%: What’s Next for the Economy?

18 October 2023 — The UK’s inflation rate held steady at 6.7% in September, flying in the face of economists’ predictions for a slight decrease. The Office for National Statistics highlighted that while food and drink prices dipped, they were counterbalanced by an uptick in fuel costs.

This persistent inflation rate is more than triple the Bank of England’s target of 2%. Despite this, it is not expected that the bank will hike interest rates during its November policy meeting. Instead, it seems set to keep its main borrowing rate at a peak not seen in 15 years — a hefty 5.25%.

James Smith from the Resolution Foundation think tank offered his perspective on this economic puzzle: “For now, progress on reducing inflation has hit a roadblock.” He anticipates a significant drop to below 5% next month as energy prices are projected to fall for most consumers.

In response to price surges triggered by pandemic-induced supply chain disruptions and Russia’s invasion of Ukraine — both factors contributing heavily to increased food and energy costs — the Bank of England has been steadily cranking up interest rates from near zero levels.