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#finance

16 posts12 participants3 posts today
Public
unusual_whales

4.8% of 401(k) account holders took early withdrawals for hardship reasons like paying medical bills or paying their home mortgage, according to data from Vanguard Group.

It marks an all-time high, jumping from 3.6% the previous year and more than doubling the typical pre-COVID

#news#finance#economics
Public
unusual_whales

“It’s no wonder younger generations, Millennials and Gen Z, are so economically anxious,” Larry Fink of BlackRock, $BLK has said.

“They believe my generation—the baby boomers—have focused on their own financial well-being to the detriment of who comes next. And in the case of

#news#finance#economics
Public
Andrew Jennings

Fortune : “The world’s biggest economy may be headed for some quantitative speed bumps as growth slows, but a former International Monetary Fund official warned that a drastic qualitative shift also is underway.

In fact, the changes are so fundamental that the US is now exhibiting surefire traits of an emerging-market economy in trouble, according to Desmond Lachman, a senior fellow at the American Enterprise Institute and a former deputy director of the IMF’s policy development and review department. “ #finance #auspol Trump is to the US as Pol Pot was to Cambodia

Continued thread
Public
unusual_whales

Both the United Kingdom and Germany have updated their travel advisories to warn citizens that holding a valid visa or ESTA authorization does not guarantee entry into the country.

Read more: t.co/yTCYSzTFU5

Unusual Whales - News · Germany and Britain have issued warnings about traveling to AmericaAs the U.S. ramps up immigration enforcement under President Donald Trump, both the United Kingdom and Germany have updated their travel advisories, cautioning citizens that a valid visa or ESTA authorization does not guarantee entry. The revised warnings follow multiple incidents in which European travelers were detained, denied entry, or even arrested before being deported. Among the latest cases, two German nationals were stopped at the southern border earlier this week. Germany’s Foreign M
#news#finance#economics
Replied in thread
Public
Zhi Zhu 🕸️

$1.4bn is a lot to fall through the cracks, even for Tesla
archive.is/uLXoy#selection-327

"attention is returning to the group’s underlying numbers, now that its fully diluted #StockMarket valuation has crashed from $1.7tn to below $800bn.

Such anomalies can be red flags, potentially indicative of weak internal controls. Aggressive classification of operating expenses as investment can be used to artificially boost reported profits."

Headline from Financial Times: $1.4bn is a lot to fall through the cracks, even for Tesla When money spent on assets doesn’t result in assets
#Musk#Tesla#Fraud
Replied in thread
Public
Zhi Zhu 🕸️

Tesla (TSLA) accounting raises red flags as report shows $1.4 billion missing
electrek.co/2025/03/19/tesla-t

"Many #Tesla shorts and detractors have questioned Tesla’s #accounting for years...

Today, the #FinancialTimes has released a new report pointing to a $1.4 billion gap in assets...

The report also points to other red flags...

but with #Trump and #Musk kneecapping the #SEC, repercussions are unlikely."

Headline and photo from Electrek: Headline: Tesla TSLA - Tesla Stock Price Tesla (TSLA) accounting raises red flags as report shows $1.4 billion missing by Fred Lambert | Mar 19 2025 - 10:53 am PT Photo: A person stands facing a Tesla dealership. Superimposed across their back is a bar graph outlined in red. On the right side of the graph are the words "Red Flag" and an arrow pointing to the graph. The last bar on the graph drops far, far below the baseline.
#ElonMusk#Business#Corruption
Public
Nonilex

White House aides prep new #tariffs on imports worth trillions for April 2, laying the groundwork for an escalation in global economic hostilities that #Trump has called “Liberation Day.”

The admin has already unnerved investors with duties on #Canada, #Mexico & #China, & yet, advisers are readying a move to dwarf all previous tariffs.

#economy #finance #Trumpcession #geopolitics #USpol #idiocracy #kakistocracy
washingtonpost.com/business/20

The Washington Post · Trump aides prep new tariffs on imports worth trillions for ‘Liberation Day’By Jeff Stein
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