British luxury brand Burberry reported £418 million in adjusted operating profit in fiscal 2024, which ended 30 March. The company had projected a net of £410 million to £460 million.
ECONOMIC UPDATE – MARKET OVERVIEW
The worst is yet to come and it is coming soon. Week after week, for 85 weeks, we have been reporting on job losses in The Trends Journal. As the saying goes, “The fish rots from the head down.”
DOW/GOLD RATIO AND STOCK MARKET CRASHES
Cash moves through the markets in predictable patterns, and central bank monetary policy is solely responsible for driving cash either into, or out of, certain assets.
PLANTATION WORKERS OF SLAVELANDIA FLAT-LINED IN U.S.
Retail sales showed no change in April from March, after the U.S. Commerce Department revised March’s figure downward by 0.6 of a percentage point.
MEAT, MILK, CASH AND CARS: CLIMATE CHANGE THE PRETEXT FOR DEHUMAN TYRANNY
Several stories this past week are signaling how extensively “climate change” is being used to impose de-human, degrowth restrictions on human freedoms.
DEATH OF THE DOLLAR: BRICS NATIONS WANT THEIR OWN COMMON CURRENCY
The nine nations of the so-called BRICS trading bloc are considering issuing their own euro-like common currency.
FU EU AND AMERIKA: PUTIN AND XI UNITE
Russian President Vladimir Putin was the guest of honor last week in Beijing during a meeting with Chinese President Xi Jinping and the centerpiece theme was their budding relationship despite “destructive and hostile” pressure from the U.S.
Global Economy
BLACKROCK BECOMING WORLD’S LARGEST CRYPTO ETF OPERATOR
A Bitcoin fund operated by private equity firm BlackRock is about to become the world’s largest, the Financial Times reported.
IEA PARES 2024 OIL DEMAND FORECAST, WIDENS GAP WITH OPEC OUTLOOK
The world’s demand for oil will grow by 1.1 million barrels a day this year, the International Energy Agency (IEA) said in its new monthly report, shaving 140,000 barrels from its previous forecast.
PRIVATE FUNDS MOVE INTO REAL ESTATE LENDING AS BANKS STEP BACK
Some of the world’s largest investment funds are jumping into the real estate lending business as banks tighten loan criteria and hoard cash against an expected rise in failing commercial real estate loans.
The Israel War
ICC SAYS IT WILL SEEK ARREST WARRANTS FOR NETANYAHU, GALLANT
The International Criminal Court announced Monday that it will seek arrest warrants for Israeli Prime Minister Benjamin Netanyahu and Yoav Gallant, the country’s defense minister—drawing swift blowback from U.S. President Joe Biden, their genocide co-signer.
COLLEGE PEACE PROTESTS: DAY OF RECKONING
Protests on college campuses across the U.S. demanding a ceasefire in Gaza and divestment from Israel appear to be losing steam as schools let out for summer vacation and students return home.
ADL WEAPONIZED THE VAGUE DEFINITION OF ANTISEMITISM
The Anti-Defamation League has weaponized antisemitism by spending a record amount on lobbying to push Congress to pass bills that would essentially snuff out any criticism of Israel in the public sphere.
AI
META UNVEILS NEW AI TOOLS FOR ADVERTISERS
A new suite of AI tools will allow Meta’s 10 million advertisers to manipulate images of their products and create new text on the company’s platforms.
CALIFORNIA HIRES AI
California’s state government is working with five providers to create and test AI tools to reduce traffic jams and answer tax questions, among other public services the tools will target.
WISCONSIN WINS BIG IN HIGH-TECH SWEEPSTAKES
Microsoft will build a $3.3-billion AI data center in Wisconsin and launch training programs to create a skilled workforce in AI-based manufacturing, the company announced last week.
Hi-Tech Science
VTOL AIRPLANES GO COMMERCIAL
After years of speculation about fixed-wing, vertical-takeoff-and-landing aircraft (VTOL), German manufacturer Lilium has just landed an order for 20 all-electric VTOLs from UrbanLink, a regional airline that’s first in the U.S. to commit to flying the technology commercially.
COULD DAD’S ANTIBIOTICS COMPROMISE HIS OFFSPRINGS’ HEALTH?
It’s only a study in mice but the implications are clear: common antibiotics may disrupt a father’s ability to sire healthy children.
SLASHING COMPUTERS’ POWER CONSUMPTION WITH “MAGNETIZATION SWITCHING”
From crypto mining to power-hungry AI data centers to the rise of electric cars, the world’s demand for electricity is growing faster than utility companies can hang cables.