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dismal-jellyfish

Hey GameStop, today the U.S. Department of Labor today announced $92.6 million in funding to 47 states to provide training and employment services to eligible workers affected adversely by foreign trade. Get that sweet government cheddar and help communit

Administered by the department’s Employment and Training Administration, the Trade Adjustment Assistance for Workers Program supports training, employment and case management services, job search and relocation allowances, and income support during training. In addition, the program provides a subsidy to workers, aged 50 or older, whose reemployment wages are

New York Fed Names Dianne Dobbeck as Head of the Supervision Group. She will oversee the teams and functions responsible for supervising, under delegated authority, financial institutions in the Second District subject to Federal Reserve supervision.

NSCC PROPOSED RULE CHANGE FILING – MODIFICATION TO THE RULES & PROCEDURES OF NATIONAL SECURITIES CLEARING CORPORATION IN CONNECTION WITH THE IMPLEMENTATION OF SECTION 1446(F) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (SR-NSCC-2021-009)

Source Under IRC section 1446(f), if the foreign partner has gain on the sale or exchange of a partnership interest, the purchaser/transferee of the partnership interest must withhold 10% of the amount realized on that sale or exchange, unless the transaction qualifies for a full or partial exception.

Inflation Alert! Cass Freight Index grew 26.8% y/y in June, decelerated from the record 35.3% y/y increase in May. On a seasonally adjusted (SA) basis, the shipments index declined by 4.2% m/m in June, after a 5.9% m/m surge in May.

TL:DR - The entire transportation network is facing spikes in costs and supply shortages, and you can bet the costs will get passed down the line. More fun to look forward to over the coming months. Source The shipments component of the Cass Freight Index grew 26.8% y/

Inflation Alert! Extreme and deadly floods close rail lines in Europe for months or longer and Union Pacific suspends inbound international container shipments to Chicago for a week.

Articles reviewed: https://apnews.com/article/europe-floods-954655c9382a9b8c12a230bdd8cd5b3e https://www.railfreight.com/railfreight/2021/07/16/flood-update-rail-freight-in-northwest-germany-paralysed/?gdpr=accept https://www.trains.com/trn/news-reviews/news-wire/floods-close-rail-lines-in-europe-for-months-or-longer/ https://www.cnn.com/europe/live-news/deadly-flooding-in-europe-07-16-21/index.html https://www.bbc.com/news/world-europe-57846200 First and foremost, the loss of life from th

INFLATION ALERT! Bank of Canada and Bank of New Zealand begin preparing for persistent inflation. The Fed continues to crank the printer...

EDIT: Thank you u/Surplus3lf for being a kiwi on the ground and updating: It is the Reserve Bank of New Zealand (not the bank of New Zealand as I have miss labeled in the title.) AND And in terms of the acknowledging the housing bubble is not a new

ICC: Notice of Filing of Proposed Rule Change Relating to the ICC Governance Playbook, ICC Risk Management Framework, and ICC Treasury Operations Policies and Procedures (Release No. 34-92402; File No. SR-ICC-2021-015). Not sure if this means anything?

Source: https://www.sec.gov/rules/sro/icc/2021/34-92402.pdf Reddit Post