World
AI Summary
- The food industry faces growing concerns as consumer demand wanes, especially impacting lower- and middle-income households amid rising prices for essential goods like Campbell's soup and fast food items, indicating a shift in consumer sentiment.
- Lithium prices surge as demand for grid-scale batteries climbs, revitalizing a market that had faced a significant downturn, suggesting renewed interest and investment in renewable energy storage solutions.
- The US Treasury's weak auction results for government bonds reflect diminishing foreign interest, hinting at a potential decline in confidence among international investors regarding US fiscal stability.
- The UK government faces criticism and scrutiny over planned welfare reforms affecting vulnerable populations while negotiating complex trade-offs between economic recovery, public health, and social equity.
- Amid geopolitical tensions and proposed negotiations surrounding Ukraine, reports show intensified military actions by Russia, raising uncertainties about the potential for genuine peace talks and stability in the region.
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ZeroHedge
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Campbell's VP Admits Soup Is "S**t For F**king Poor People" With "Chicken... From A 3D-Printer"
an hour ago
by Tyler Durden
Campbell's VP Admits Soup Is "S**t For F**king Poor People" With "Chicken... From A 3D-Printer" Authored by Daisy Luther via The Organic Prepper, Nearly every household in America has at least a few of the ubiquitous red-and-white cans in the pantry, but perhaps not for much longer. I’m talking of course, about Campbell’s soup, a brand so iconic that Andy Warhol captured it in one of his most famous works of pop art. First of all, in a leaked recording, it was revealed that the soups contained lab-grown meat – or “chicken that came from a 3-D printer.” Campbell’s strenuously refutes this comment, though
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Consumer Strain Moves Beyond Low-Income Into Heart Of Middle Class
2 hours ago
by Tyler Durden
Consumer Strain Moves Beyond Low-Income Into Heart Of Middle Class Goldman Sachs Managing Director Kate McShane provided clients with a summary of key takeaways from her meetings with the investor-relations and management teams of Bath & Body Works, BJ's Wholesale Club, The Home Depot, Lowe's, Target, Walmart, and Williams-Sonoma. McShane noted that nearly every retailer warned of weak consumer demand, especially among squeezed lower-income households. Low to middle-income consumers remain fragile, value-driven, and cautious ahead of the holiday shopping season that begins Friday. One commentary that stood out the most came from Advance Auto Parts. She noted, "They're seeing lower- to middle-income consumers decrease their spending across general
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Mediocre 5Y Auction Tails As Foreign Demand Slides
2 hours ago
by Tyler Durden
Mediocre 5Y Auction Tails As Foreign Demand Slides After yesterday's sale of $69BN in 2Y notes, which came smack in the middle of market expectations with metrics that were just about average, moments ago the US Treasury sold $70BN in 5Y notes at a high yield of 3.562%, down from 3.625% last month and the lowest since last September when the Fed launched its current rate cut cycle; the auction tailed the When Issued 3.557% by 0.5bps, and was the 5th tailing 5Y auction of the past 6. The bid to cover was 2.41, better than last month's 2.38 and the highest
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Grid-Scale Battery Boom Sparks Lithium's Comeback
2 hours ago
by Tyler Durden
Grid-Scale Battery Boom Sparks Lithium's Comeback Lithium prices have awakened from a multi-year bust in the second half of this year, with Chinese lithium carbonate prices jumping from $6,000 a ton to $11,000 a ton, driven by what Goldman analysts describe as "temporary Chinese supply cuts" and "strong energy-storage-system (ESS) demand." For some context, lithium markets flipped dramatically from the 2020 to 2022 "white-gold supercycle" hype to a two-year bust cycle as supply collided with much softer-than-expected worldwide EV demand growth. With the EV adoption curve stalled and consumers balked at record-high new-car prices amid high interest rates, lithium prices have been on
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The Uproar Over 4 Dollar Fries Shows Just How Severely America's Standard Of Living Has Eroded
3 hours ago
by Tyler Durden
The Uproar Over 4 Dollar Fries Shows Just How Severely America's Standard Of Living Has Eroded Authored by Michael Snyder via The Economic Collapse blog, Once upon a time potatoes were what the poorest people in society would eat because they were so inexpensive. But now we are being charged an average of $4.19 for a carton of medium fries at McDonald’s. There are many that are very upset about the rapidly rising cost of fries, and this is yet another example that shows that our standard of living is being absolutely shredded. As costs rise, the labor market just continues to
The Guardian
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Jacob Zuma’s daughter accused of tricking men into fighting for Russia in Ukraine
5 hours ago
by Rachel Savage in Johannesburg
South Africa, Russia, Ukraine, Jacob Zuma, Africa, World newsSouth African police investigate allegations made against Duduzile Zuma-Sambudla by another of ex-president’s daughters * Europe live – latest updates South African police are investigating allegations that a daughter of the former president Jacob Zuma tricked men into fighting for Russia in Ukraine by telling them they were travelling to Russia for a paramilitary training course. Another of Zuma’s daughters, Nkosazana Zuma-Mncube, filed a police report on Saturday alleging that her sister Duduzile Zuma-Sambudla and two others, Siphokazi Xuma and Blessing Khoza, had recruited 17 men who are now trapped on the frontlines of the war in Ukraine. Continue reading...
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UK rejects Nigerian request to deport former politican jailed for organ trafficking
a day ago
by Matthew Weaver
UK news, Nigeria, Africa, World newsIke Ekweremadu serving prison sentence after being found guilty of conspiring to exploit a man for his kidney The UK government has rejected a request by Nigeria to deport a former senior Nigerian politician convicted of organ trafficking. Ike Ekweremadu, 63, a former deputy president of the Nigerian senate and ally of the former president Goodluck Jonathan, is serving a sentence of nine years and eight months after being found guilty in 2023 of conspiring to exploit a man for his kidney. Continue reading...
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Ethiopian volcano erupts for first time in 12,000 years
a day ago
by Guardian staff and agencies in Addis Ababa
Ethiopia, Volcanoes, Africa, World newsAsh clouds from Hayli Gubbi volcano sent drifting across the Red Sea toward Yemen and Oman A volcano in Ethiopia’s north-eastern region has erupted for the first time in nearly 12,000 years, sending thick plumes of smoke up to 9 miles (14km) into the sky, and across the Red Sea toward Yemen and Oman. The Hayli Gubbi volcano, located in Ethiopia’s Afar region about 500 miles north-east of Addis Ababa near the Eritrean border, erupted on Sunday for several hours. Continue reading...
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Cyril Ramaphosa closes G20 summit after US boycott and handover row
2 days ago
by Rachel Savage in Johannesburg
G20, Cyril Ramaphosa, South Africa, US news, World news, AfricaSouth African president bangs gavel after rejecting plan from US, which hosts next meeting, for him to hand over to junior official South Africa’s president, Cyril Ramaphosa, closed the G20 summit in Johannesburg by banging a gavel, having rejected a US proposal for him to hand over to a relatively junior embassy official for the next summit in Florida in a year’s time. South Africa presented the two-day event as a triumph for multilateralism but it was marred by a boycott by the US, which has repeatedly accused South Africa of discriminating against white-minority Afrikaners, a claim that has been widely discredited. Continue
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Security fears rise in Nigeria after more than 300 schoolchildren kidnapped
3 days ago
by AFP
Nigeria, Africa, World newsChristian group revises up number of students and teachers missing after one of country’s largest mass abduction Gunmen have kidnapped more than 300 students and teachers in one of the largest mass kidnappings in Nigeria, a Christian group said on Saturday, as security fears mounted in Africa’s most populous nation. The early Friday raid on St Mary’s co-educational school in Niger state in western Nigeria came after gunmen on Monday stormed a secondary school in neighbouring Kebbi state, abducting 25 girls. Continue reading...
South China Morning Post
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Ukraine ready to advance peace plan, will discuss disputed points with Trump
2 hours ago
by Reuters
President Volodymyr Zelensky said on Tuesday that Ukraine was ready to advance a US-backed framework for ending the war with Russia and discuss disputed points with US President Donald Trump in talks he said should include European allies. In a speech to allies known as the coalition of the willing, Zelensky urged European leaders to hash out a framework for deploying a “reassurance force” to Ukraine and to keep backing Kyiv for as long as Moscow showed no inclination to end its invasion. US and...
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Trump eyes Christmas deadline to name new Fed chair: Bessent
4 hours ago
by Bloomberg
US Treasury Secretary Scott Bessent said that a key theme of his interviews for the next chair of the Federal Reserve has been simplifying the US central bank, which he indicated has become too complex in how it manages money markets. “One of the things in terms of the criteria that I’ve been looking for” has been the interplay of the Fed’s various instruments, Bessent said on CNBC Tuesday. “I realise the Fed has become this very complicated operation.” Bessent said his final second-round...
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4 more arrested in Paris over US$102 million Louvre theft
6 hours ago
by Agence France-Presse
French authorities on Tuesday arrested four more people in the probe into last month’s spectacular daylight theft of imperial jewels from the Louvre museum, the top Paris prosecutor said. “They are two men aged 38 and 39, and two women aged 31 and 40, all from the Paris region,” Laure Beccuau said, following earlier charges against four others over the heist. On October 19, a four-person gang raided the Louvre, the world’s most visited art museum, in broad daylight, taking just seven minutes to...
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Stumbling Germany needs a clear strategy on China
8 hours ago
by Thomas O. Falk
There are moments in statecraft when a government reveals its strategic character. German Chancellor Friedrich Merz’s new administration has shown one such moment – and it was encouraging. On Ukraine, Berlin has moved with a decisiveness long thought beyond its political metabolism. Weapons are flowing. Defence production is expanding. Germany is anchoring Nato’s eastern flank and, for the first time in decades, speaking like a country prepared to bear the burdens of European security. On China,...
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EU’s top court rules same-sex marriages must be respected across bloc
10 hours ago
by Reuters
The EU’s highest court ruled on Tuesday that same-sex marriages must be respected throughout the bloc and rebuked Poland for refusing to recognise a marriage between two of its citizens that took place in Germany, on the grounds that Polish law does not allow marriage between people of the same sex. “The spouses in question, as EU citizens, enjoy the freedom to move and reside within the territory of the Member States and the right to lead a normal family life when exercising that freedom and...
New York Times
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Market Volatility Underscores Epic Buildup of Global Risk
2 hours ago
by Patricia Cohen
Credit and Debt, Stocks and Bonds, Banking and Financial Institutions, Artificial Intelligence, Regulation and Deregulation of Industry, United States Economy, United States, United States Politics and Government, National Debt (US)Some experts see a dangerous combination of factors reminiscent of practices that led to previous financial crises.
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The Fed and Big Tech Re-Raise Investors’ Spirits
8 hours ago
by Andrew Ross Sorkin, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Niko Gallogly, Brian O’Keefe, Ian Mount and David Meyer
internal-storyline-no, Powell, Jerome H, Federal Reserve System, Interest Rates, Google Inc, Artificial Intelligence, NVIDIA Corporation, Waller, Christopher (1959- ), Standard & Poor's 500-Stock Index, Daly, Mary C, Inflation (Economics), Economy, Commerce and IndustryMarkets appear to be hoping again that the central bank will cut rates next month, and that the artificial intelligence boom has room to run.
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Russia Strikes Ukraine and Signals Resistance to Amended Peace Plan
3 hours ago
by Maria Varenikova and Aurelien Breeden
Ukraine, Russia, Missiles and Missile Defense Systems, Trump, Donald J, Drones (Pilotless Planes), Zelensky, Volodymyr, War and Armed Conflicts, Driscoll, Daniel P, Russian Invasion of Ukraine (2022)The attack killed at least seven people in Kyiv, the authorities said, as Moscow suggested it would resist changes negotiated by Ukraine.
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As Trump Pushes to End Ukraine War, Europe Toils to Have a Say
7 hours ago
by Michael D. Shear
United States Politics and Government, United States International Relations, International Relations, Russian Invasion of Ukraine (2022), Peace Process, Israel-Gaza War (2023- ), Trump, Donald J, EuropeInitially cut out of development of the 28-point peace plan, European leaders are now trying to recast its pro-Russia slant. So far, it seems to be working.
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Doctor Critical of Vaccines Quietly Appointed as C.DC.’s Second in Command
an hour ago
by Apoorva Mandavilli
your-feed-science, Coronavirus (2019-nCoV), Vaccination and Immunization, United States Politics and Government, Kennedy, Robert F Jr, Louisiana, Health and Human Services DepartmentDuring the Covid-19 pandemic, Dr. Ralph Lee Abraham promoted discredited treatments like ivermectin and, as Louisiana’s surgeon general, halted the state’s mass vaccination campaign.