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Business, Economics, and Taxes 2: That's Why We Fight to Take the Means Back

NVDA earnings beat expectations and guidance for next quarter has been adjusted up. The stock shot from 203 to 218.

nvda entire us stock market.jpeg

Still not enough for the market though. Any option $215 or more will be crushed by Theta tomorrow. It's a shame we can't invest in Theta. It would be the easiest money ever.
 
The functional unemployment rate is 24.9%

DGF silently reading this while going:
E99ZmzpXIAQJn3s.png
 
Other than online edgelord assholes, most of whom can't afford one anyway, who the fuck still wants that piece of shit?
I am always surprised when I see one on the road. They are so incredibly ugly, and to use it as an actual truck?

But I'm sure the stock price went up thanks to the dismal sales with the price hike. It's crazy that they have revenue less than 100 B, and their value is north of $1T (revenue to cost of <0.1). In contrast, Ford has revenue of $187B has a market cap of $55B (revenue to cost of 2.5 or so). I just can't fathom how wall st works that it overvalues a manufacturing company that much. And that's JUST looking at the revenue, not the profits.

It's a cult.
 
So, Trumpty couldn't get American oil companies to go in and rebuild the Venezuelan oil infrastructure, so he is now going to use taxpayer dollars to fix it up, and then the oil companies go in, extract, and pocket the monies.... Basically, more subsidies for the oil companies.
 
So, Trumpty couldn't get American oil companies to go in and rebuild the Venezuelan oil infrastructure, so he is now going to use taxpayer dollars to fix it up, and then the oil companies go in, extract, and pocket the monies.... Basically, more subsidies for the oil companies.
Socialism for the wealthy and corporations, rugged individualism for everyone else.
 
Speaking of stealing oil: https://thehill.com/policy/energy-environment/6059912-freedom-fuel-lawsuit-unpaid-gas/

Freedom Fuel gas stations, which the Trump administration promoted last month, sold fuel that its supplier never paid for, according to a lawsuit filed earlier this month.

The suit, which attorneys for Mansfield Oil Company filed in U.S. District Court in Eastern Pennsylvania on Aug. 19, alleges that foreign corporation KRSM obtained in excess of 1.1 million gallons of fuel from the former company’s account from May 21 through July 7.

The fuel cost nearly $4 million, the 179-page lawsuit states. But as of Aug. 17, KRSM had not paid for the fuel, despite Mansfield — a foreign corporation with offices in Gainesville, Ga. — sending revised invoices to the defendant on July 17.

While the agreement between the two companies stipulated that KRSM had to pay the invoices within 10 days of receiving them, Mansfield’s bank advised on July 28 that the foreign firm had “refused” draft requests, the lawsuit stated.
 
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