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Economy

“As food prices rise in June, analysts warn of a ‘tipping point’ for Americans”

“…Food prices rose 3% in June compared to a year ago, according to the latest data from the Bureau of Labor Statistics. After a year of price hikes, consumers continued to see food prices rise, but at a slower rate. Grocery… Continue Reading…

Business, Economy

Book: “The Great Awakening: Defeating the Globalists and Launching the Next Great Renaissance”

“…The expression “Get woke, go broke” has entered the common lexicon as we’ve seen company after company invoke the false gods of diversity, equity, and inclusion to their financial demise. But this surface discussion masks a much darker truth. What… Continue Reading…

Economy, Energy

“…Venezuela threatens to invade oil-rich Guyana, US worries about how far Maduro will go”

“Venezuela’s threats to annex a majority of Guyana may be an effort by its leader to consolidate power at home ahead of a potential presidential election next year instead of a real intention to invade its neighbor, U.S. officials say. But Washington… Continue Reading…

Economy

“99% of Americans will be financially worse-off than they were pre-pandemic by mid-2024, JPMorgan says”

“…”It is likely that only the top 1% of consumers by income will be better off than before the pandemic,” Kolanovic wrote, pointing to the growing signs of credit card and auto loan delinquencies, as well as Chapter 11 filings.… Continue Reading…

Economy

“Canada’s surging cost of living fuels reverse immigration”

“The dream of making it big in Canada is turning into a battle for survival for many immigrants due to the high cost of living and rental shortages, as rising emigration numbers hint at newcomers being forced to turn their… Continue Reading…

Economy

“Drug shortages hit record highs”

“Drug shortages in the U.S. have hit a record high and lawmakers warn they could mean life or death for millions of patients. A House committee is investigating what Congress can do to the supply chain to make sure doctors… Continue Reading…

Business

“New billionaire heirs overtake self-made ones as $5.2 trillion wealth transfer begins

“Billionaires minted in the latest year accumulated more wealth through inheritance than entrepreneurship for the first time since UBS started tracking the fortunes of the world’s richest almost a decade ago… “This is a theme we expect to see more of over the next… Continue Reading…

Business

[Splunk] “…just sold for $28 billion”

“Michael Baum’s cybersecurity software company, Splunk, just sold to Cisco for $28 billion. It might have never even existed if Steve Jobs didn’t visit Drexel University in 1983…” https://www.cnbc.com/2023/09/23/splunk-sold-for-28-billion-steve-jobs-inspired-co-founder-in-college.html Most of the article was not about the business itself so I… Continue Reading…

Business

“Johnson & Johnson forecasts as much as 6% sales growth in 2024”

“Johnson & Johnson on Tuesday forecast revenue growth of 5% to 6% for the next year, as it banks on strong demand for cancer treatments Darzalex and Carvykti and resilient sales of blockbuster drug Stelara… The company expects full-year adjusted operational… Continue Reading…

Economy

[Blame Game] “Greedflation: corporate profiteering ‘significantly’ boosted global prices, study shows”

“…The report from the IPPR and Common Wealth thinktanks found that business profits rose by 30% among UK-listed firms, driven by just 11% of firms that made super-profits based on their ability to push through stellar price increases – often dubbed… Continue Reading…