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Economy, Energy

[Bad Idea] “Walmart will add thousands of EV charging stations to stores by 2030”

April 10, 2023

“Walmart announced Thursday it plans to add electric vehicle charging stations to thousands of U.S. stores by 2030. The company announced it would expand its EV fast-charging network to Walmart and Sam’s Club locations across the country, adding to the… Continue Reading…

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Economy, Energy

“EPA reportedly planning to announce significant limits on tailpipe emissions to boost electric vehicle adoption”

April 10, 2023

“The Environmental Protection Agency is preparing to announce significant limits on tailpipe emissions this week that would require as much as 67% of new vehicles sold in the U.S. by 2032 to be all-electric cars, according to a report by… Continue Reading…

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Business, Stocks

“Bed Bath & Beyond proposes reverse stock split as it struggles to avoid bankruptcy”

April 7, 2023

“Bed Bath & Beyond wants shareholders to approve a reverse stock split at an upcoming special meeting, as the retailer keeps working to avoid filing for bankruptcy, according to a securities filing late Wednesday.  The retailer’s board is calling on… Continue Reading…

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Economy

“China’s recovery is taking longer than expected, so Citi is pushing back its stock rebound forecasts”

April 7, 2023

“…Instead of June, Citi now expects it will now take until the end of September for the Hang Seng Index to reach 24,000, analysts said in a report Thursday. That’s about 18% above current levels. The Hang Seng Index closed… Continue Reading…

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Economy

“Job growth totals 236,000 in March, near expectations as hiring pace slows”

April 7, 2023

“…The Labor Department reported Friday that payrolls grew by 236,000 for the month, compared to the Dow Jones estimate for 238,000 and below the upwardly revised 326,000 in February. The unemployment rate ticked lower to 3.5%, against expectations that it… Continue Reading…

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Banking

“Frank founder criminally charged with fraud over $175 million JPMorgan deal”

April 5, 2023

“The Justice Department on Tuesday criminally charged Charlie Javice, founder of college financial planning platform Frank, with defrauding JPMorgan Chase out of $175 million.  Javice, 31, is accused of “falsely and dramatically” inflating the number of customers Frank actually had… Continue Reading…

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Economy

“Private payrolls rose by 145,000 in March, well below expectations, ADP says”

April 5, 2023

“Private sector hiring decelerated in March, flashing another potential sign that U.S. economic growth is heading for a sharp slowdown or recession, payroll processing firm ADP reported Wednesday. Company payrolls rose by just 145,000 for the month, down from an… Continue Reading…

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Energy

“Green transition won’t be perfect and we’ll need natural gas, World Energy Council CEO says”

April 4, 2023

“…“We need to get electrification going faster,” said Angela Wilkinson, the secretary general and CEO of the London-based World Energy Council. “We want it to be more renewable-powered electrification,” she added, before acknowledging that a huge amount of work will… Continue Reading…

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Energy

“A green transition will require trillions of dollars. It’ll be a ‘tall order’ to find the cash…”

April 4, 2023

n”…According to the International Energy Agency, clean energy investment will need to hit over $4 trillion a year by 2030 in its Net Zero Emissions by 2050 Scenario. Reaching this kind of figure will require a huge effort from both… Continue Reading…

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Real Estate

“Manhattan real estate sales plunge 38%, but cash deals hit all-time record”

April 4, 2023

“Manhattan real estate sales fell 38% in the first quarter, as buyers and sellers battled over prices and mortgage rates remained volatile, according to new reports. Total sales volume fell to $4.4 billion in the quarter, with 2,242 apartments and… Continue Reading…

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