Tech Layoffs may NOT be over...

Economy still facing big problems ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ It may not even be over. According to tech investor Gene Munster, more layoffs could be on the way. "I think that there are more cuts coming even from the ones that are in a good position like Microsoft," he said. "It seems like that's still a vast open opportunity for them when it comes to margins." The AI Boom may eventually lead to a massive growth in GDP... but in the short-term it is jeopardizing thousands of jobs. Think of what it means to an ordinary worker when Meta Platforms starts talking about a "year of efficiency." In other words, that means cutting expenses and letting workers go. Worst of all, this happening before the hard times set in. If there is to be a recession, which many analysts are still predicting for later this year, we could see even further belt-tightening. We also don't know the long-term implications about the high-tech competition between China and the United States. That could have all sorts of secondary effects, especially when it comes to fundamental technologies like semiconductors. This is just the beginning of what could be a massive economic cataclysm... one that could potentially erase $16 trillion in wealth. [Call it an ENDGAME for America's economy... and there are several ways it could come about.]( Make sure to see this special report now. It's the weekend... and that means it's time to plan for the future now. It's shaping up to be dangerous... and lucrative for those with the courage to ride towards the sound of the guns. Keep Moving, Corey Snyder Publisher, Rogue Investing WORD ON THE STREET PLTR Romps, NFLX Rolls, Disney Ditching Florida? - It Can See The Future, After All - Palantir (PLTR) was up more than 14.54% yesterday. Cathie Wood's Ark Investment Management was one of the key drivers, announcing a purchase of more than 900,000 shares. - Big Trouble With Big Mouse - Florida governor Ron DeSantis is expected to announce his run for president next week. I don't think Disney will be among his contributors. Disney has canceled construction of an employee campus in Lake Nona, Florida as clashes continue with the GOP stalwart. Disney said the decision was simply driven by "changing business conditions." Right. - NFLX And Chill - NFLX was up over 9.2% as the company announced over five million active users for its ad-supported option. In fact, 25% of new subscribers are signing up for the new membership level in areas where it is available. - Dalio Predicts COLLAPSE - Dalio the doomer is at it again - Bridgewater Associates founder Ray Dalio said that while a default isn't likely, continued out-of-control spending guarantees future trouble. Simply continuing what America is doing, said Dalio, is impossible "because increasing debt assets and liabilities faster than income" will make it difficult for America to attract future lenders. HOT SPOTS: What's Going on in Geopolitics - Are There Still Things To Sanction? - The United States will announce new sanctions on Russia at the G7 conference. Ukrainian President Volodymyr Zelenskyy will also be attending on Sunday to rally support for Kyiv. - Train Derails In Crimea As Russia Fires Missiles - A train that derailed in Crimea may have been an act of sabotage, with Russia charging that "unauthorized persons" were present. Russia launched about 30 missiles at Kyiv, though Ukraine claimed almost all were intercepted. - China Fills Central Asian Security Vacuum - As Russia uses its military resources in Ukraine, China is moving to become the new hegemon in the region. A Chinese summit brought together Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan, as China promised a "new blueprint" for the security picture. CUTTING EDGE: What[']( Happening In Tech - Shadowy Global Elites Plot On AI - No, seriously. The Bilderberg Conference is underway in Lisbon, Portugal. AI is reportedly one of the key themes of the conference, with OpenAI CEO Sam Altman among the attendees. I hope they don't kill me for saying that. - The Force Was Not With Them – The business plan was evidently worse than the dialogue in Episode 9. Star Wars: Galactic Starcruiser, a two day hotel experience in Florida, will close in September. The hotel cost an eye-popping $1,200 per person per day. - Supreme Court Saves Social Media Liability Shield - The U.S. Supreme Court declined to rule on Section 230, a legal liability shield that protects Facebook, Twitter, and other social media companies from being held liable for users' speech. The Court said the complaint "appears to state little, if any, plausible claim for relief." Several political leaders, notably in the GOP, have called for abolishing Section 230 FOR YOUR CONSIDERATION --------------------------------------------------------------- "If you’re an investor, steer clear of this nonsense. The market is still overvalued, overhyped, and headed for a fall." Reserve Chairman Jerome Powell will address the market today. What does that mean? A lot of dangerous nonsense and irrational behavior. Dr. Brian Jones tells you what to look for today... and how to protect your money. [NOTHING BUT A MOB WITH MONEY]( Enjoying Dawn Report? Learn something, made some money? 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