Category: Reddit Post

U.S. Treasury Press Release on Sanctions (September 2024): Allies have intensified sanctions against Russia, targeting Russia’s financial infrastructure.

In recent days, the U.S. and its allies have intensified sanctions against Russia, particularly in response to its continued aggression in Ukraine and efforts to evade existing restrictions. On September 6, 2024, new measures were announced targeting Russia’s financial infrastructure and its ability to sustain its war efforts. The sanctions include restrictions on entities and individuals in Russia and third countries that are facilitating sanctions evasion, as well as efforts to undermine Russia’s access to international financial systems and technological resources. The U.S. Treasury and State Department have sanctioned hundreds of individuals and entities, impacting sectors such as defense, energy, and finance. Foreign financial institutions engaging with Russia’s war economy now face a heightened risk of secondary sanctions. The new actions also aim to limit Russia’s access to critical technologies and materials used in military production, such as microelectronics and unmanned aerial vehicles (UAVs) submitted by /u/Ankle_be [link] [comments]

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Past 72 hours

biggest ever one-month drop in online grocery prices biggest ever one-week drop in shipping container rates McDonald’s extends $5 value meal Disney cut ad-tier streaming price Gasoline futures imply an imminent sub-$3 national average submitted by /u/XGramatik [link] [comments]

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US Jobless Claims

Initial (w/e 7 Sep): 230k vs. 227k exp. (prior 227k) Contd (w/e 31 Aug): 1.850mln vs. 1.850mln exp. (prior 1.838mln) Note – neither print pertains to the September NFP survey week submitted by /u/XGramatik [link] [comments]

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Private stock trading company Forge Global on Wednesday unveiled its own “private magnificent seven” of major names that draw big volume on its platform: SpaceX, OpenAI, ScaleAI, Databricks, Fanatics, Stripe and Rippling.

Forge Global said the share prices of the seven privately traded companies have outperformed the S&P 500 index’s publicly traded so-called “magnificent seven” that have fueled much of the gains in the stock market in recent years: Tesla, Apple, Nvidia, Amazon, Microsoft Corp., Alphabet Inc. and Meta Platforms Inc. Just don’t run to look for stock symbols for these assets on your trading terminals – for individual investors to trade privately-held stocks, they must qualify as an accredited investor, which is someone with a net worth of $1 million outside the value of their primary home. We can only hope for some loud IPOs in the future. I think Databricks, Stripe and Rippling may be the first to do this, because at least there have been conversations about it. So we mark the names for ourselves and wait. Source: https://www.marketwatch.com/story/these-private-companies-could-be-the-magnificent-seven-of-the-future-311e00b9?mod=home-page submitted by /u/FXgram_ [link] [comments]

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FYI

submitted by /u/XGramatik [link] [comments]

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From Stimulus to Stagnation: An Unexpected Turn in US Poverty Fight

In 2023, America faced a paradoxical situation: despite rising incomes, the country’s poverty rate increased. According to Census Bureau data, the share of Americans living in poverty rose to 12.9%, up from 12.4% the previous year. This increase is linked to two key factors: inflation and the expiration of aid programs introduced during the COVID-19 pandemic. Although median household income rose to $80,610, reaching pre-pandemic levels, this proved insufficient to offset rising prices for food and other necessities. Children were particularly affected, with the poverty rate for those under 18 rising 1.3 percentage points to 13.7%. Experts note that the end of programs such as expanded tax credits for low-income families and additional nutrition assistance played a significant role in this increase. Social Security remains the most effective anti-poverty program, lifting 27.6 million people above the poverty line. However, this is not enough to compensate for the losses from the termination of other aid programs. submitted by /u/Aftermebuddy [link] [comments]

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Pearls of Wisdom or Buds of Deceit? Right-Wing Figures Baselessly Claim Harris Used Audio Earrings For Debate

In the aftermath of the highly anticipated presidential debate between Vice President Kamala Harris and former President Donald Trump, a storm of misinformation has taken center stage. Far-right figures on social media platforms have propagated unfounded claims that Harris used “audio earrings” to gain an unfair advantage during the debate. But did she get that advantage? Or someone ate it? submitted by /u/Aftermebuddy [link] [comments]

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