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Banking, Economy

“Australia to Introduce Legislation to Overhaul Central Bank”

November 27, 2023

“Australia’s government will introduce legislation this week to facilitate the largest overhaul of the central bank in a generation, including setting up a separate governance board and scrapping the treasurer’s power to reverse policy decisions. The bill is the result… Continue Reading…

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Economy

“…Switzerland Seeks Low-Budget Olympics After Years of Opposition”

November 27, 2023

“…Winter Games are usually held by a certain region or city, and they can be pricey. The 2018 edition held in Pyeongchang, South Korea, cost about $13 billion. Even back in 2002, Salt Lake City still spent $2.2 billion on… Continue Reading…

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Uncategorized

Help Raxxmorz Grow. Click Here To Support

November 23, 2023

Like what you read? Awesome. Help us provide more content by donating. These donations will allow us dedicate more time to the website. Click the link below. https://donate.stripe.com/dR6dQQeq30fjcta144 You can also join on Locals https://www.locals.com/feed/65121/raxxmorz-community Feel free to leave any… Continue Reading…

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Business, Predictions, Opinions, & Comments

Fiscal Revival: Mastering the Art of Business Resilience

November 27, 2023

Written By: Ted James In an era where financial stability is paramount for business success, navigating through debt becomes a critical challenge. Many businesses, regardless of their size or industry, face this hurdle at various stages of their growth. That… Continue Reading…

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Business

“Broadcom closes $69 billion VMware deal [acquisition] after China approval”

November 22, 2023

“Broadcom on Wednesday closed its $69 billion acquisition of cloud-computing firm VMware after receiving regulatory approval in last major market China and ending a months-long saga… China’s regulatory approval came through on Tuesday after ongoing tensions with the U.S. around… Continue Reading…

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Business

“Ford to scale back plans for $3.5 billion Michigan battery plant as EV demand disappoints, labor costs rise”

November 22, 2023

“Ford Motor is scaling back plans for a $3.5 billion battery plant in Michigan as consumers shift to electric vehicles more slowly than expected, labor costs rise and the company moves to cut costs…” https://www.cnbc.com/2023/11/21/ford-scales-back-ev-battery-plant-in-michigan.html Ford sees the writing on the… Continue Reading…

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Energy

“U.S. crude oil tumbles below $75 a barrel after OPEC delays meeting”

November 22, 2023

“U.S. crude prices fell more than 4% Wednesday after the Organization of Petroleum Exporting Countries delayed a pivotal meeting on production cuts that was scheduled for the weekend. The West Texas Intermediate contract for January dropped $3.27, or 4.2%, to $74.50 a barrel, while… Continue Reading…

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Stocks

“Walmart-Backed AI Warehouse Tech Company Symbotic Reports Record Revenue; Shares Soar 40%”

November 22, 2023

“…Symbotic, which creates robotic tech platforms powered by artificial intelligence (AI) to provide end-to-end supply chain solutions, reported fiscal fourth quarter revenue of $392 million, up from $244 million a year ago, and a net loss of $45 million compared to a loss of… Continue Reading…

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Business

“Blackstone to close multi-strategy fund after assets drop nearly 90%”

November 21, 2023

“Blackstone plans to close a fund that exposes investors to a variety of hedge funds and trading strategies after assets fell almost 90% in four years, the company told Reuters on Tuesday… Assets under management in the fund peaked at… Continue Reading…

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Real Estate

“Home sales fell to a 13-year low in October as prices rose”

November 21, 2023

“…It was the slowest sales pace since August 2010. Analysts were expecting a smaller drop, to 3.9 million units. Sales were down 14.6% year-over-year… Tight supply kept pressure under prices. The median price of an existing home sold in October… Continue Reading…

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