More than 1,000 Starbucks (SBUX) baristas at 75 U.S. stores have gone on strike since Sunday to protest a new company dress code as Starbucks put new limits starting Monday on what its baristas can wear UNDER their green aprons: a solid black shirt and khaki, black or blue denim bottoms.
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Klein Vision will begin selling the $1M flying sports car, AirCar, in 2026. Certified and ready for takeoff.
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my heart is melted
A subreddit with minimal rules for stuff that makes you go *awww*! Feel free to post pics, gifs, or videos of cats, dogs, babies, or anything cute.
Robert F. Kennedy Jr. had campaigned on removing pesticides from the food supply: "They (brands) understand that they have a new sheriff in town here at FDA, at HHS, and in the WH...I'm very optimistic." WSJ: "RKJ’s report on pesticides faces pushback over potential food supply chain disruption."
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Cup & handle breakouts everywhere
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The country, considered to be Europe's economic powerhouse in prior decades, became the worst-performing major economy globally in 2023. As the engine of EU, it won’t just stall alone - it risks pulling the entire EU down with it.
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Scott Galloway: “The average 70-year-old is 72% wealthier than 40 years ago. Those under 40 are 24% less wealthy. Every major policy is a wealth transfer from young to old.” This generation is being robbed in slow motion.
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“The daughter of a cryptocurrency company executive narrowly escaped a kidnapping attempt this morning in the heart of Paris. (Le Parisien)” In plain day. Crazy shit.
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TKL: The share of lowest-income Americans aged 20 to 64 having credit card accounts with debt that is 90+ days past due rose to ~16% in Q1 2025, the highest in 22 years. The number of Americans in severe financial distress is surging.
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Visualizing government Debt-to-GDP around the world. Question for the Japanese: Did you buy U.S. debt using money you borrowed?
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UK Prime Minister: We're ending Britain's open borders experiment. This is my promise to British people - Every area of our immigration system will be tightened up, so we have more control. And migration numbers will fall.
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The strongest stock in the market (PLTR) also has some of the most congress buy activity too? Must be a coincidence.
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This morning’s UK labour market report pointed to a continued weakening in employment conditions as the first quarter came to a close, leaving the BoE at risk of falling further behind the curve. Unemployment Rate: 4.5% (prior 4.4%). Avg Earnings - ex. bonus (3MoY): 5.6% (prior 5.9%).
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Chris Weston: It's a sample of two, but Trump has told us twice to buy US stocks and both times the call came before significantly positive announcements - one can assume that the market - or at least the algo's - will be jumping on his next "buy stocks" call.
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WSJ: The Trump family crypto business looks like a political accident waiting to happen
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Trump's trillion-dollar Middle East trip: "His regional agenda is business, business and business," one Arab official said. The geopolitical agenda is secondary.
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How much for a dozen?
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Now a serious question for Americans: Is the Temu checkout drama over?
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Comment of the year
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Pharma stocks (LLY, JNJ, MRK, PFE) - and this is only pre-market
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[REUTERS] Nissan will cut over 10,000 more jobs globally, bringing total layoffs to 20,000 - about 15% of its workforce, NHK reports. The automaker recently warned of a record $4.7B–$5B net loss. Full-year results due Tuesday; Nissan declined to comment.
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Finally💰this was the longest wait yet
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FinChat: Uber's free cash flow is a thing of beauty. Operating leverage at its finest.
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Putin on Sunday proposed direct talks with Ukraine on May 15 in the Turkish city of Istanbul. Zelensky (after Trump told him not to await truce): "This Thursday, May 15, I’ll be in Turkey. And I’m waiting for Putin there. In person. I hope this time he won’t look for excuses."
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Torsten Sløk, Apollo Chief Economist: Chinese exports redirected from the US to the rest of the world. This creates a highly unusual macroeconomic situation, with upward pressure on inflation in the US and downward pressure on inflation in Europe, Canada, Australia, and Japan.
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