Piousbox

Tesla’s workforce at its Gigafactory near Berlin has fallen by about 1,700 employees, according to a report by Germany’s Handelsblatt.

From naturalnews.

US wholesale inflation picked up slightly in November from a month earlier on a jump in energy costs, even as prices for services were unchanged.
The producer price index rose 0.2% after climbing 0.1% in the prior month, according to much-heralded BLS.

In a surprising announcement made Friday afternoon in a tweet, Elon Musk said that he sold social media platform X, formerly Twitter, to his AI startup firm xAI for $45 billion in stock. The deal includes $12 billion in debt owed by X.

I haven't followed this in a while, I don't have alerts set up for this - but as a reminder, the yield curve has un-inverted, and has stayed uninverted for some days. We usually see "official" "recessions" when this happens: not when the yield curve inverts, but when it uninverts, or shortly after.

In a surprising yet strategic move, the Pentagon recently intervened to provide financial assistance to Intel Corporation, a leading U.S. semiconductor company, as its stock price continues to experience a dramatic downturn. This bailout highlights the critical role Intel plays in national security and the technological infrastructure of the United States, raising questions about the growing interdependence between private sector companies and government agencies.

From Zerohedge.

Well, it's official: Powell came, saw, and unlike two years ago when, with with CPI rising almost double digits the uber-hawkish Fed chair warned of "pain" to come, this time he couldn't be more dovish.