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Stocks

“Dow slides by 200 points at the open as control of Congress remains unclear”

“…The Dow Jones Industrial Average fell 270 points, or about 0.8%. The S&P 500 shed 0.9%, and the Nasdaq Composite slid 1.2%. Stocks are coming off three-straight days of gains into the election, where Wall Street was expecting Republicans to… Continue Reading…

Energy

“Sky-High Electricity Is Biden’s New Pain Point Before Elections”

“For months now, high gasoline prices have been arguably the most visible political pain point for President Joe Biden. In most towns, they can be seen every few blocks on signs at filling stations. It’s the fundamental commodity Americans need… Continue Reading…

Energy

“Billionaires emit a million times more greenhouse gases than the average person: Oxfam”

“The investments of 125 billionaires produce 393 million metric tonnes of carbon dioxide emissions every year, according to a report by Oxfam. That’s the equivalent CO2 output to the whole of France and makes the average billionaire’s annual emissions a million times… Continue Reading…

Economy

“Holiday hardship: 1 in 4 Americans can only afford to spend $100 on Thanksgiving — or skipping it entirely!”

“In a poll, commissioned by digital wealth management company Personal Capital, one in four Americans say they’re actually skipping Thanksgiving altogether in order to save money. One in three are hosting smaller dinners and a staggering 88 percent are cutting at… Continue Reading…

Economy

“…Americans look for side hustles to fight inflation”

“Do you feel like you need to take on a second job to keep up with rising prices? If so, you’re not alone. The cost of living rose 8.2% in September, while wages rose just 5.1%. And there are still jobs… Continue Reading…

Business

“Facebook Parent Meta Is Preparing to Notify Employees of Large-Scale Layoffs This Week”

“Meta Platforms Inc. META 6.17%increase; green up pointing triangle is planning to begin large-scale layoffs this week, according to people familiar with the matter, in what could be the largest round in a recent spate of tech job cuts after the industry’s rapid growth during the… Continue Reading…

Business, Stocks

“Berkshire Hathaway’s operating earnings jump 20%, conglomerate buys back another $1 billion in stock”

“…Insurance-investment income came in at $1.408 billion, up from $1.161 billion a year earlier. Earnings from the company’s utilities and energy businesses came in at $1.585 billion, up from $1.496 billion year over year. Insurance underwriting suffered a loss of… Continue Reading…

Economy

“U.S. payrolls surged by 261,000 in October, better than expected as hiring remains strong”

“…Nonfarm payrolls grew by 261,000 for the month while the unemployment rate moved higher to 3.7%, the Labor Department reported Friday. Those payroll numbers were better than the Dow Jones estimate for 205,000 more jobs, but worse than the 3.5% estimate… Continue Reading…

Personal Finance

“55% of Americans are behind on saving…”

“Around 55% of Americans say they’re behind on saving for retirement, a recent Bankrate survey found… But many Americans aren’t meeting those milestones. Those between 25 and 34 have median 401(k) balances of just over $14,000, per a report by investment firm Vanguard.… Continue Reading…

Stocks

“Twilio shares plunge 34% on light guidance”

“Twilio shares fell about 34% on Friday morning, a day after the cloud communications software maker announced third-quarter results that gave a soft revenue outlook. Here’s how the company did: With respect to guidance, Twilio is calling for a fourth-quarter adjusted net loss… Continue Reading…