Investors mixed as Porsche seeks price tag of up to $75 bln

BERLIN, Sept 19 (Reuters) - Volkswagen shares hovered around breakeven on Monday, reflecting a mixed response from investors to the automaker's listing plans for sports car brand Porsche AG in what could be Europe's third biggest initial public offering.

Volkswagen stock little changed, Porsche SE up 2.6%

Porsche AG to list at valuation of 70-75 bln euros

Listing comes amid turmoil on European markets

Cornerstone investors committed to 40% of share offering

https://www.reuters.com/business/autos-transportation/porsche-ag-valuation-sends-volkswagen-shares-3-higher-premarket-trade-2022-09-19/

Bitcoin drops 5% to its lowest level in 3 months as risk assets continue to get crushed

https://www.cnbc.com/2022/09/19/bitcoin-drops-5percent-to-its-lowest-level-in-3-months-as-risk-assets-continue-to-get-crushed.html

Government-fueled inflation is killing retirements

Labor Department's latest consumer price index shows the cost of everyday goods rose 8.3% year-over-year in August, Phelps told FOX Business the actual hit to Americans' wallets is likely twice that. What's worse, he says, is that he sees inflation sticking around because with federal spending run amok, there is little the central bank can do to rein it in.

https://www.foxbusiness.com/personal-finance/financial-expert-government-fueled-inflation-wrecking-retirements

Twilio CEO announces 11% of employees will lose jobs in 'Anti-Racist' focused layoffs

"I'm not going to sugarcoat things. A layoff is the last thing we want to do, but I believe it's wise and necessary. Twilio has grown at an astonishing rate over the past couple years. It was too fast, and without enough focus on our most important company priorities. I take responsibility for those decisions, as well as the difficult decision to do this layoff," Lawson said.

https://www.foxbusiness.com/economy/twilio-ceo-announces-11-of-employees-lose-jobs-anti-racist-focused-layoffs

>>17544082

A company that makes user interfaces for programs. They caught my eye recently and look poised to be a TicTok procurement in the future. But I'm not a techfag so I hope we have one that can tell me if my sniffer is wrong.

https://en.wikipedia.org/wiki/Twilio

Donbass republic eyes vote on joining Russia

“The Nazis mercilessly shell and stage terrorist acts against the civilian population of the Lugansk People’s Republic, seeking to scare us, and make us give up our dream and our ultimate goal – to join the Russian Federation,” Vokalova added.

https://www.rt.com/russia/563113-lpr-vote-to-join-russia/

Russian fertilizer offered for free to Africa

According to Uralchem CEO, there are no problems with food security in Russia, since the country is fully provided with fertilizers and can send a significant quantity for export.

https://www.rt.com/business/563103-russian-fertilizer-free-africa/

Eurozone recession warning raised

Record-high inflation rates and other supply bottlenecks across the euro area keep dragging down growth, analysts note, saying inflation is projected to peak at 9.6% during the fourth quarter of 2022. The polled economists don’t expect it to drop to the 2% target of the European Central Bank until 2024.

https://www.rt.com/business/563084-eurozone-recession-energy-crisis/

Clintons are at it again.

https://twitter.com/Vegalteno/status/1571861511366234119

Russia's Gazprom plans to launch Kovykta gas field in December

MOSCOW, Sept 19 (Reuters) - Russian gas giant Gazprom said on Monday that it expects to launch the giant east Siberian Kovykta field, crucial to its plans to boost gas sales to China, in the second half of December.

https://www.reuters.com/business/energy/russias-gazprom-plans-launch-kovykta-gas-field-december-2022-09-19/

Fresh Garrison

Florida school shooter Nikolas Cruz wants the judge removed from his case

"We're not playing chess," she seethed. "This is the most uncalled-for, unprofessional way to try a case. You all knew about this and even if you didn't make your decision until this morning, to have 22 people, plus all the staff and every attorney march into court, be waiting as it's some kind of game – now I have to send them home."

https://www.foxnews.com/us/florida-school-shooter-nikolas-cruz-wants-judge-removed-case

Oregon department of education doles out millions in under-enrolled preschool program, up to $229K per student

Over the last two years, Village Childcare Enterprises in Oregon has received over $600,000, designed to service 33 preschoolers from low-income families in 2020-2021, and 20 preschoolers in 2021-2022. During that time, though, the center reported fewer than ten students enrolled in the program.

Rather than an anomaly, the experience of Village Childcare Enterprises is just one example of millions of dollars that has been given to early learning facilities in Oregon—even when they have sat empty or with just a fraction of available spaces filled.

Oregon’s Preschool Promise program was launched in 2016 in order to provide publicly funded preschool to families at or below 200% of the Federal Poverty Level. The Oregon Department of Education’s Early Learning Division awards "slots" to childcare facilities—each one representing one student and being worth approximately $14,000.

https://www.foxnews.com/media/oregon-department-of-education-doles-out-millions-in-under-enrolled-preschool-program