from the helping-the-public-by-screwing-the-public dept Much of the federal government is shuttered, but that’s not preventing the Trump administration from finding new ways to screw over struggling Americans. Last week, the Trump FCC under Brendan Carr voted to indefinitely suspend efforts to impose new, lower price caps on predatory U.S. prison monopolies that would have prevented […]

Submitted by QTR’s Fringe Finance I think I’ve identified the four horsemen of the next stock market apocalypse — each one manageable in isolation, but collectively large enough to reshape a financial system priced for perfection. Subprime auto, commercial real estate, private credit, and crypto all scratch me where I itch when thinking about precarious […]

Consumer products company Kimberly-Clark Corporation announced it will acquire Tylenol maker Kenvue in a cash-and-stock transaction valued at nearly $49 billion, marking one of the largest consumer health mergers in history.  Kimberly-Clark revealed in a press release that the deal values Kenvue at 14.3x its latest twelve months (LTM) adjusted EBITDA. In return, Kenvue shareholders will receive $3.50 in cash and .14625 […]

Russia says it is closely monitoring the situation in Venezuela at a moment of unprecedented build-up of military assets threatening the country which possesses the world’s largest crude oil reserves. Responding to a weekend Washington Post report saying that Venezuelan President Nicolas Maduro has requested military assistance from Moscow, especially missiles and radars, Kremlin Spokesman Dmitry Peskov […]

By Craig Fuller, CEO of FreightWaves The Calm Before the Storm: Freight’s Current Reality The freight industry is experiencing what experts describe as one of the most interesting times ever in freight—though unfortunately, not in a positive way for most participants. Motor carriers and freight brokers across the spectrum are feeling significant pain from weak […]