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Economy

“40% of Americans are afraid to walk alone at night — most in decades, poll says”

“…A recent Gallup poll found that 28% of Americans worry frequently or occasionally that they will be murdered, according to a Nov. 16 news release. That’s a near-record high… Meanwhile, half of U.S. adults said they worry their car will be… Continue Reading…

Stocks

“Shares of American Eagle plummet 17% on unimpressive holiday forecast”

“…The forecast was dampened by an expected 20% uptick in selling and general administrative expenses, the company said…   The company’s reported net income for the three-month period that ended October 28 was $96.7 million, or 49 cents per share,… Continue Reading…

Business, Energy

[Exposed] “Carbon emissions of richest 1% equal to those of poorest 66%, Oxfam report finds”

“The world’s richest 1% of people are responsible for around the same percentage of global carbon emissions as the 5 billion people who represent the 66% poorest, according to a report published Monday by Oxfam…” https://www.cnbc.com/2023/11/20/richest-1percent-produce-same-carbon-emissions-as-poorest-66percent-report-.html Let me translate this… Continue Reading…

Economy

“60% of Americans are living paycheck to paycheck heading into the holidays, report finds”

“…As of October, 60% of adults said they are living paycheck to paycheck, according to a new LendingClub report. The figure is unchanged from last year. Overall, 4 in 10 consumers consider themselves worse off relative to 2022, the report found… Even… Continue Reading…

Banking, Economy

“Chinese, Saudi Central Banks Sign Currency Swap Worth $7 Billion”

“China and Saudi Arabia have signed a local-currency swap agreement worth around $7 billion, deepening their ties as countries across the Middle East look to shift more of their non-oil trade away from the dollar. The two countries’ central banks… Continue Reading…

Business

“Ramsay, Sime Darby to Sell Hospital Unit for $1.2 Billion”

“Australia’s Ramsay Health Care Ltd. and Malaysian conglomerate Sime Darby Bhd. have agreed to sell their hospital unit to Columbia Asia Healthcare Sdn. for 5.7 billion ringgit ($1.2 billion), according to a stock exchange filing. …Columbia Asia’s main shareholders, TPG… Continue Reading…

Business

“Allianz Profit Beats as Pimco Sees $10 Billion of Inflows”

“Allianz SE reported a third-quarter profit that beat analysts’ estimates as its giant bond manager Pacific Investment Management Co. continued to attract new money. Group operating profit fell 15% to €3.47 billion ($3.7 billion), better than the €3.26 billion analysts… Continue Reading…

Business

“Japan Chip Linchpin Soars on $7 Billion Government Buyout Talk”

“…JIC is considering making an offer to the company as early as this year, the Nikkei newspaper reported over the weekend. JSR will discuss the matter in a board meeting on Monday and make an announcement once a decision is… Continue Reading…

Economy

“73% of millennials are living paycheck to paycheck, new report finds”

“…Nearly three-quarters, or 73%, of adults ages 27 to 42 are living paycheck to paycheck, LendingClub found… As of March, 66% of Gen Zers were living paycheck to paycheck — up from 58% a year ago, according to LendingClub…” https://www.cnbc.com/2023/04/28/73percent-of-millennials-are-living-paycheck-to-paycheck-new-report-finds.html

Stocks

“Cisco stock falls 10%, the worst day in over a year”

“Cisco shares closed down 9.8% Thursday, marking the worst day since May 19, 2022 when the stock slipped 13.7%. The fall comes a day after the company reported its quarterly earnings that beat on the top and bottom lines but gave weaker-than-expected revenue… Continue Reading…