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Business, Precious Metals

“Inside Saudi Arabia’s plan to dominate mining”

“Saudi Arabia sees vast riches beyond oil within its reach. The kingdom’s broad-ranging ambition, a top mining official told Semafor, is to extract the more than $2.5 trillion in metals in its soil, invest in minerals extraction around the world,… Continue Reading…

Business

“Owner of Family Dollar to Close 1,000 Stores”

“Inflation, store theft and merger indigestion are sapping results at the discount retailer” https://www.wsj.com/business/retail/dollar-tree-books-more-than-2-billion-in-charges-plans-to-close-about-600-stores-in-first-half-47ae9b94 Articles is behind a paywall. Store theft is the major one here. This article is behind a pay wall but most major cities are run horribly.… Continue Reading…

Business

“House passes bill that could lead to a TikTok ban; fight shifts to the Senate”

“The House approved a bill Wednesday that calls for China tech giant ByteDance to divest TikTok or the popular social video app will effectively be banned in the U.S. The measure passed with a resounding 352-65 vote and with one… Continue Reading…

Business

“SEC adopts landmark climate rule — here’s what that means for public companies”

“For the first time, US public companies will be required to tell investors about their exposure to climate risks and greenhouse gas emissions. On Wednesday, the Securities and Exchange Commission approved requiring US-listed companies to communicate how they are managing material risks… Continue Reading…

Business, Economy

“Americans Don’t Care as Much About Work. And It Isn’t Just Gen Z.”

“By outward appearances, the labor market today looks much as it did before the pandemic. The unemployment rate is just as low, the share of adults in the labor force is just as high, and wages are growing at roughly… Continue Reading…

Business, Stocks

“GE CEO forecasts heavy aerospace demand, voices support for Boeing CEO”

“…General Electric’s aerospace business on Thursday forecast operating profit of about $10 billion in 2028 on robust demand for its products and services, and said it was targeting an initial dividend payout at 30% of net income… GE’s shares were… Continue Reading…

Business, Stocks

“Gap shares pop as company’s holiday earnings blow past estimates, Old Navy returns to growth”

“Gap’s largest banner Old Navy returned to growth for the first time in more than a year during its holiday quarter as the retailer delivered earnings on Thursday that came in well ahead of Wall Street’s expectations.  Sales at Old Navy… Continue Reading…

Business, Stocks

“HelloFresh shares dive 42% after meal kit giant warns on outlook”

“… …” https://www.cnbc.com/2024/03/08/hellofresh-shares-dive-42percent-after-meal-kit-giant-warns-on-outlook.html

Business

“GE CEO forecasts heavy aerospace demand, voices support for Boeing CEO”

“NEW YORK (Reuters) -General Electric’s aerospace business on Thursday forecast operating profit of about $10 billion in 2028 on robust demand for its products and services, and said it was targeting an initial dividend payout at 30% of net income…… Continue Reading…

Business, Stocks

“Victoria’s Secret [Value] Falls Most Ever…”

” Victoria’s Secret & Co. shares plunged as much as 28%, the most on record, after the beleaguered lingerie maker’s full-year sales guidance fell short of analysts’ expectations…” https://finance.yahoo.com/news/victoria-secret-falls-nearly-30-111403685.html Who writes these articles? Sometimes it amazes me how horrible they’re… Continue Reading…