Boeing Recommends Airlines Suspend Use Of Some 777s Via Reuters: Boeing Co urged airlines to suspend the use of 777 jets with the same type of engine that shed debris over Denver at the weekend after U.S. regulators announced extra inspections and Japan suspended their use while considering further action. The moves involving Pratt & Whitney PW4000 engines came after a United Airlines 777’s right engine failed on Saturday, scattering […]
Bitcoin, Ether Hit Fresh Highs In The Cryptocurrency Market Via Reuters: Bitcoin hit a fresh high in Asian trading on Saturday, extending a two-month rally that saw its market capitalisation cross $1 trillion a day earlier. The world’s most popular cryptocurrency rose to an record $56,620, taking its weekly gain to 18%. It has surged more than 92% this year. Bitcoin’s gains have been fuelled by evidence it is gaining […]
Big Tech-Led Equity Inflows Fuelling 'Mother-Of-All Asset Bubbles' - BofA Via Reuters: A record rush to big technology stocks saw equity funds bagging $27.8 billion inflows last week with the ongoing ultra-easy monetary policy creating the “mother-of-all asset bubbles”, BofA said on Friday. Global market capitalisation has risen $50 trillion, or $6.2 billion per hour, since last March, almost 10 times faster than the pace seen in the immediate aftermath […]
Stocks Fall As Investors Fret Over Jobless Claims, Inflation Via AP News: Stocks posted modest losses on Thursday as investors had little reason to buy stocks with discouraging economic data and a steady rise in bond yields, which has started to raise concerns about inflation. The S&P 500 index dropped 17.36 points, or 0.4%, to 3,913.97. It was the third straight decline for the index. The Dow Jones Industrial Average […]
Yellen Says SEC Will Prepare Report On Retail Trading Volatility Via Reuters: U.S. Treasury Secretary Janet Yellen said on Thursday that an increased prevalence of zero-commission trading has spurred retail investors to get more involved in stocks, and the Securities and Exchange Commission will prepare a report on trading practices amid recent volatility. “Our broad conclusion was that markets worked reasonably well,” with core infrastructure resilient despite heavy trading and […]
Nestle Outshines Peers Thanks To Pet Food, Health Products Via Reuters: Nestle wants to boost organic sales growth towards a mid-single-digit rate this year, the food giant said on Thursday, after strong demand for pet food and health products in the Americas helped its growth outshine peers last year. Consumers have kept buying packaged food throughout the pandemic and Nestle has fared better than some rivals by shedding underperforming businesses […]
Cryptocurrency Surge Fueled By Mistrust Of Central Banks, Uncertainty About U.S. Debt Via Just The News: Fueled by mistrust of central banks and uncertainty about the debt-laden future of the United States, the ongoing surge in prices for cryptocurrency will likely continue for now, market experts told Just the News. The price of one Bitcoin, the most valuable of the cryptocurrencies, shot up from $9,876.23 on Feb. 16, 2020 to $49,133.33 Tuesday, a […]
15 states Sue U.S. Agency Over Delayed Hike In Automaker Emissions Penalties Via Reuters: Fifteen 15 U.S. states sued the National Highway Traffic Safety Administration (NHTSA) on Tuesday after it agreed last month under then-President Donald Trump to an auto industry request to delay the start of dramatically higher penalties for companies that fail to meet fuel efficiency requirements. The state attorneys general, including California and New York, filed suit […]
U.S. Oil Prices Climb On Texas Cold Snap, Brent Stable Via Reuters: Oil prices hovered near 13-month highs on Tuesday on the back of a cold snap shutting wells in Texas, the the biggest crude producing state in the United States, while a wage deal in Norway averted outages in Europe, capping gains. Prices also gained after Yemen’s Iran-aligned Houthi group said it had launched attacks on Saudi Arabia, raising […]
Mike Church offers no-holds barred commentary on the moral & political decay of the modern world but unlike all other hosts, Mike offers solutions to these ills, solutions rooted in the wisdom of the Fathers, founding and Church!
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