MEDIA

 

 

June 2024

 

 

Please be advised, Trade Platforms and Trade Desks will be shutting down in mid July for their summer vacations/holidays. 

New files can still be submitted to boomfii.com for PPP but the files will take a little longer to allocate and process.

cash--the-boomfiicom-team--monetzation-of-hard-assets-for-ppp

 

Jun 11

TOYOTA GOES FULL RETRO, RE-ENGINEERS PISTON ENGINE

Alone among major auto companies, Toyota still refuses to fully commit its future to all-electric mobility. Instead, it has introduced a redesigned piston engine for gas-electric hybrid vehicles.

toyota-hybrid-engine-funding--business--insurance--investment

Jun 9

Megamergers are back in vogue, climbing by 22% & booking $1.5 trillion in new deals in this year’s first six months, the London Stock Exchange Group reported, as the number of takeovers in the U.S. surged.

The number of deals worth more than $10 billion jumped 70%, year on year.

mergers-and-acquisitions-city--ppp-trading-assets-gold

 

Jun 5

The People’s Bank of China is reducing the availability of money to lend, bank governor Pan Gongsheng said in a speech last week in Shanghai.

Real estate & government spending have accounted for a significant share of China’s $34.5 trillion in outstanding loans, he noted.

china-central-bank

 

Jun 3

Central banks in 13 percent of the world’s advanced economies plan to add to their gold reserves over the next 12 months, compared to 8 percent a year ago, according to a survey by the World Gold Council.

Roughly 60 percent of rich countries’ central banks see gold claiming a larger portion of global asset reserves over the next five years, the survey found. A year earlier, 38 percent held that view.

gold-is-now-in-a-hurry-and-silver-even-more-so

 

Jul 1

New AI research sponsored in part by Meta has again shown how AI developers are intent on inculcating their preferred biases into generative AI systems.

The paper, released 18 June, titled “Consistency-diversity-realism Pareto fronts of conditional image generative models,” suggests that when it comes to generative AI imagers, you can have the real world, or ideological diversity—but not both.

th-e-real-world

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Jun 12

CHINA’S ECONOMY SLOWS AGAIN IN JUNE China’s manufacturing sector weakened further in June, with the National Bureau of Statistics’ purchasing managers index (PMI) remaining flat from May at 49.5, equalling analysts’ forecasts in a Reuters poll.

china-economy-slows---gold-hard-assets-monetizarion

 

Jun 10

Bankruptcies in Canada rose 3.1 % in May from April and a stunning 19.2 % year on year, according to the Office of the Superintendent of Bankruptcy. Household bankruptcies grew at a monthly rate of 3.4 % during May and an annual rate of 11.3 % - CAIRP reported.

canada-bankruptcies

 

Jun 8

Home sales & capital goods orders both declined in May due to lingering inflation & high interest rates, Bloomberg reported. Capital goods shipments dropped by 0.5%, the sharpest dip in 3 months.

The U.S. monthly trade deficit set a 2-year record in May, widening to $100.6 BN.

 

citigroup

 

Jun 4

Poor nations are being crushed by debt and advanced economies need to do more to relieve the burden, Pope Francis told the Vatican’s conference on the global debt crisis earlier this month.

Emerging nations are staggering under $29 trillion in governments’ debt. U.N. Conference.

boomfiicom--finance--ltv--trading--programs--hard--assets--gold--gems--monetization--platform

 

 

 

Jul 2

WIRED SURPRISED TO FIND META USING FACEBOOK MEMORIES & PHOTOS TO TRAIN THEIR AI

Wholesale theft of human creative content & knowledge by tech companies to drive profits to themselves via generative AI, is still something that even tech savvy news outlets are coming to grips with.

010-ai-tech-trading-ppp

 

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