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Economy

“Snap stock closes down 34% after company’s revenue miss and weak guidance”

“… …” https://www.cnbc.com/2024/02/07/snap-stock-drops-30percent-after-revenue-miss-and-weak-guidance.html

Business

“Ford Could Get 50% More Profit Without EVs”

https://www.wsj.com/business/autos/ford-could-get-50-more-profit-without-evs-553ba3c9 The article is behind a paywall so I’ll just make a few comments. EV’s are garbage. Ford should take a hint and listen to it’s customers. They don’t want EV’s. It’s amazing how Ford could make so much more… Continue Reading…

Business, Economy

“Credit card debt increases by $50B to new record high”

“Credit card debt in the United States increased by $50 billion in the fourth quarter of 2023, according to recent findings from the New York Federal Reserve. The latest report, released Tuesday, found the total credit card balances stood at $1.13 trillion… Continue Reading…

Banking, Economy, Real Estate

“The Real Estate Crisis Looming Over Banks”

“…Fears are now rising among investors over the United States’ distressed commercial real estate sector. This comes as a crucial lifeline created during last year’s banking crisis is set to expire. N.Y.C.B.’s shares plunged as much as 15 percent in… Continue Reading…

Economy

“TUCKER CARLSON – THE VLADIMIR PUTIN INTERVIEW…” [WATCH HERE]

This interview affects the world which also affects the world economy which is what this website is about. In any case this interview is a must watch in my opinion.

Stocks

“Palantir stock jumps 19% as AI demand drives revenue beat”

“Palantir shares surged more than 19% in after-hours trading on Monday after the company reported fourth-quarter earnings that beat analysts’ expectations for revenue. Full-year guidance for 2024 came roughly in line with Wall Street’s estimates… Revenue in the fourth quarter increased 20% to… Continue Reading…

Business

“Novo Nordisk parent to buy Catalent for $16.5 billion to expand Wegovy supply”

“Danish drugmaker Novo Nordisk’s parent company, Novo Holdings, on Monday said it will acquire drug manufacturer Catalent in a $16.5 billion deal that could help boost the supply of the highly popular weight loss injection Wegovy and diabetes shot Ozempic… Novo Nordisk will then buy three of Catalent’s manufacturing… Continue Reading…

Business, Stocks

“Mastercard Stock Closes At All-Time High; Hits Key Threshold”

“Mastercard (MA) is putting on a masterful show for investors and reached another all-time high on Thursday. Additionally, the Relative Strength (RS) Rating for Mastercard stock climbed from 78 to 84 Thursday, passing a key milestone along the way… The New York-based company… Continue Reading…

Uncategorized

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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…

Economy

“US Trade Deficit Narrowed Last Year by the Most Since 2009”

“The annual trade shortfall shrank nearly 19% to $773.4 billion from a record in 2022, Commerce Department data showed Wednesday. In December, the deficit in goods and services trade widened slightly from the prior month to $62.2 billion. The figures… Continue Reading…