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Economy

“India Emerging As US Manufacturing Hub Not About Upending China: Narendra Modi Says ‘Gaining Rightful Position In World'”

“India’s Prime Minister Narendra Modi believes that U.S. companies looking to move their global manufacturing supply chains to the South Asian country isn’t a conscious move to upend China but simply “India gaining its rightful position in the world.”…” https://finance.yahoo.com/news/india-emerging-us-manufacturing-hub-092629374.html There is… Continue Reading…

Business, Real Estate

“Microsoft pays $57 million for 183 acres in western Licking County”

“The Microsoft Corporation’s purchase of 183 acres in western Licking County, reported by The Advocate on Friday, was officially recorded Tuesday, according to the Licking County Auditor’s Office. Microsoft paid $56.9 million, or $310,000 per acre, for the city of New Albany… Continue Reading…

Business, Real Estate

“Sweden’s Property Crunch Worsens as Another Firm Cut to Junk”

“Sweden’s beleaguered property sector suffered another blow when one of the largest office landlords in the capital was downgraded to junk status by Moody’s Investors Service. Stockholm-based FastPartner AB saw its rating cut one step to Ba1 with the possibility… Continue Reading…

Economy

“UK Headed for Recession if Rates Reach 6%, Economist Says”

“Britain could tip into a shallow recession if the Bank of England pushes its benchmark lending rate to 6% as investors expect, an analysis by Bloomberg Economics showed. Gross domestic product would shrink about 0.3% this year and by 1.4%… Continue Reading…

Economy

“One-Percenters Keep Shopping at the Dollar Store”

“…High-earners joined the rest of the country in flooding discount retailers such as Dollar General, Aldi grocery store and Five Below as prices for food and staples rose. Now, with inflation at half its peak, they aren’t letting up. InMarket, which tracks retailer foot… Continue Reading…

Economy

“America’s biggest liberal cities are dying”

“The liberal cities with the most recognizable brands were once the dream destinations for college graduates and aspiring professionals in various industries. Now, they are all recognized as overrated dumps that have been carried by their reputation for years. New York City,… Continue Reading…

Cryptocurrencies

“Binance to exit the Netherlands after failing to obtain regulatory approval”

“Cryptocurrency exchange Binance said it will leave the Netherlands after the company’s application to register under the Dutch crypto authorization regime was rejected. Referring to a virtual asset service provider, Binance on Friday said that it could no longer serve… Continue Reading…

Business, Energy

“Shell boosts dividend by 15%, maintains oil output through to 2030”

“British oil major Shell on Wednesday announced plans to boost returns to shareholders and keep oil output steady, as part of its strategy to simplify the group’s business and improve investor confidence. Ahead of its Capital Markets Day conference in New York… Continue Reading…

Banking, Economy

“ECB’s €500 Billion Payoff Puts Italian Banks in the Firing Line”

“The European Central Bank is about to test the resilience of the continent’s banking industry by making lenders repay about half a trillion euros in cheap pandemic-era loans — in one go… As €476.8 billion of TLTRO loans come due… Continue Reading…

Business, Stocks

“AMD stock pops on potential Amazon superchip deal, CEO bullishness”

“…Shares of the semiconductor company popped over 2% in pre-market trading on Wednesday — and were Yahoo Finance’s Top Trending Ticker — on a Reuters report that Amazon’s cloud arm is considering using AMD’s new AI chips… The report comes a day after AMD… Continue Reading…