Economy

Technology FANGs leading the market down.

"Indeed, Amazon and its fellow FANGs (Facebook, Amazon, Netflix and Google) succinctly explain the pivot. They have actually been the canary in the coal mine all along; it just now that their warnings signals are being noticed.
As we have previously pointed out, the FANGs were the “beard” that hid the market’s initial breakdown during 2015. They gained $485 billion of market cap (+66%) while the other 496 companies in the S&P 500 actually deflated by more than half a trillion dollars.
Needless to say, that happened before the calendar year turned. Yet when the stock market’s advance drastically narrows to just a handful of ultra-momentum stocks, the bull’s days are numbered, and always have been."

I like the term FANGs.

Larry Page's obsessions became Google's business, signaling Google is in for a fall.

Walmart gave it's lowest level employees a raise to silence critics, then had to fire 15.000 people as a result.

"Well sure enough, WalMart announced on Wednesday evening that all hourly workers will receive a 2% pay bump next month.

The cost: around $2.7 billion."

To keep higher paid employees happy.

What's eroding the middle class.