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PSW Magazine NEWS

Hertz CEO Out As Firm Seeks Traction After Big EV Bet Goes Bust

CEO Stephen Scherr's barely two-year ride with Hertz came to a screeching halt on Friday. In his wake, he leaves a company still working...

McDonald’s Stores Hit By Multi-Nation “Technology Outage”

A major technology outage forced McDonald's stores in Australia, Japan, Hong Kong, and the United Kingdom to either shutter operations or suspend online ordering...

Foxconn Reports 33% Profit Surge On Booming Demand For AI Servers

Taiwanese tech giant Foxconn - also known as Hon Hai Precision Industry - reported the second consecutive quarter of profit growth driven by a...

Poll Reveals Aspirin Overuse Despite New Guidelines Warning Of Bleeding Dangers

Authored by Amie Dahnke via The Epoch Times (emphasis ours), Millions of seniors pop aspirin every day, hoping to stave off heart attacks, but mounting...

UnitedHealth CEO Meets White House Officials After ‘Biggest Cyber Attack On US Health Care System’

Following a devastating cyberattack on the nation's largest health insurers that sparked chaos across the entire healthcare payments system, the CEO of UnitedHealth Group...

Money-Market Fund Assets Soar $100BN In 3 Weeks As Fed’s Bank Bailout Facility Expires

Despite soaring stocks, money-market fund assets soared to yet another fresh record high for the third straight week, adding $31BN to $6.11TN (over $100BN...

“Behind The Scenes”: Amazon & Google Quietly Lower Expectations For Generative AI As Hype Cycle Fades

Over 10,300 X users participated in a survey we conducted almost a month ago, asking: "Have you used Grok, ChatGPT, Gemini or any other AI...

Fed Liquidity Is Facilitating Market’s Inflation Fantasy

Authored by Simon White, Bloomberg macro strategist, The market continues to anticipate a benign inflation outcome, but price growth is becoming ingrained and CPI is...

Producer Prices Surged Again In February As Energy Costs Re-Accelerated

After the hotter-than-expected consumer price data, February Producer Prices were expected to slow their surge from January but they did not... with headline Final...

Gold & Bitcoin Close At Record Highs As Bonds & Stocks Dip

Gold & Bitcoin Close At Record Highs As Bonds & Stocks Dip A quiet macro day let the grown-ups play... and today saw gold and...

Futures Flat After Record-Breaking Week

After storming higher last week, culminating with their 15th ascent in the past 17 weeks... ... US equity futures indicated a pause for stocks which...

Apparel Retailer Express Moving Toward Bankruptcy

During the company’s last earnings call in November, recently appointed CEO Stewart Glendinning acknowledged the company made some missteps: Among other factors, there was a...

The Message This Week From Central Bankers: No Urgency, No Rush

By Elwin de Groot, Head of Macro Strategy at Rabobank No urgency, no rush Although global disinflation has made considerable progress and should provide a window...

Science

James Webb telescope confirms there is something seriously wrong with our understanding of the universe

Depending on where we look, the universe is expanding at different rates. Now, scientists using the James Webb and Hubble space telescopes have …

Are we breaking the Atlantic Ocean?

The climate change scenario that could chill parts of the world, explained. Of all the potential consequences of global warming, one of the most unexpected is that temperatures in some parts of the world could plummet. A recent paper in Science Advances outlined a scenario where, given enough ice …

Poll Reveals Aspirin Overuse Despite New Guidelines Warning Of Bleeding Dangers

Authored by Amie Dahnke via The Epoch Times (emphasis ours), Millions of seniors pop aspirin every day, hoping to stave off heart attacks, but mounting...

COVID-19 vaccines: CDC says people ages 65 and up should get a shot this spring – a geriatrician explains why it’s vitally important

In my mind, the spring season will always be associated with COVID-19. In spring 2020, the federal government declared a nationwide emergency, and …

The world is not moving fast enough on climate change — social sciences can help explain why

In late 2023 the United States government released its Fifth National Climate Assessment (NCA). The NCA is a semi-regular summation of the impacts of …

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