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Business, Economy

“Corporate bankruptcies and defaults are surging – here’s why”

June 26, 2023

“The Federal Reserve plans to keep hiking interest rates to stem inflation, which means an increase in corporate default rates is likely in coming months… There have been 41 defaults in the U.S. and one in Canada so far this year, the… Continue Reading…

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Business

“Overstock.com wins auction for Bed Bath & Beyond’s intellectual property, digital assets”

June 22, 2023

“Bed Bath & Beyond will live on in name only after Overstock.com won an auction for the failed home goods retailer’s intellectual property and digital assets, according to court records filed early Thursday.  The e-commerce discounter, which was selected as the stalking horse bidder for Bed Bath’s… Continue Reading…

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Business

“Boycotts rarely work — but anti-LGBTQ+ backlash is forcing companies into tough choices”

June 22, 2023

“…As boycotts move beyond social-media-fueled outrage, companies like Anheuser-Busch, Target and Disney are facing monthslong public relations fiascos that have resulted in market share losses, C-suite shake-ups, legal battles and even threats to employees. In some cases, corporations have drawn the ire of conservative customers… Continue Reading…

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Business

“The problem with ESG funds—and how to make a ‘real impact’ with your money: Financial expert”

June 22, 2023

“…Many people don’t love the idea of financially benefiting from companies whose goals, policies, or methods they strongly disagree with. But boycotting a company’s stocks doesn’t work the same way as boycotting its products…” https://www.cnbc.com/2023/06/22/how-to-move-beyond-esg-funds-and-make-a-real-impact-with-your-money-financial-expert-.html Not in love? They hate it. Also… Continue Reading…

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Business, Energy

“This Really Needs To Stop’: Elon Musk Just Slammed Ireland’s Plans To Slaughter 200K Cows For Climate Change…”

June 21, 2023

“Cows, like all living mammals, produce greenhouse gases, which could threaten their existence. According to the Telegraph, Ireland is reportedly considering killing 200,000 cows in the country to meet the European Union’s climate targets. Not everyone is a fan of… Continue Reading…

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Business, Real Estate

“Microsoft pays $57 million for 183 acres in western Licking County”

June 21, 2023

“The Microsoft Corporation’s purchase of 183 acres in western Licking County, reported by The Advocate on Friday, was officially recorded Tuesday, according to the Licking County Auditor’s Office. Microsoft paid $56.9 million, or $310,000 per acre, for the city of New Albany… Continue Reading…

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Business, Real Estate

“Sweden’s Property Crunch Worsens as Another Firm Cut to Junk”

June 20, 2023

“Sweden’s beleaguered property sector suffered another blow when one of the largest office landlords in the capital was downgraded to junk status by Moody’s Investors Service. Stockholm-based FastPartner AB saw its rating cut one step to Ba1 with the possibility… Continue Reading…

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Business, Energy

“Shell boosts dividend by 15%, maintains oil output through to 2030”

June 16, 2023

“British oil major Shell on Wednesday announced plans to boost returns to shareholders and keep oil output steady, as part of its strategy to simplify the group’s business and improve investor confidence. Ahead of its Capital Markets Day conference in New York… Continue Reading…

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Business, Stocks

“AMD stock pops on potential Amazon superchip deal, CEO bullishness”

June 14, 2023

“…Shares of the semiconductor company popped over 2% in pre-market trading on Wednesday — and were Yahoo Finance’s Top Trending Ticker — on a Reuters report that Amazon’s cloud arm is considering using AMD’s new AI chips… The report comes a day after AMD… Continue Reading…

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Business, Economy

“The scarcity of water is emerging as a global economic threat. With China and India looking the most at risk”

June 13, 2023

“Water scarcity is seen as the most significant and potentially most impactful component of the wider climate crisis, and researchers say that large Asian economies like India and China will be the most affected from these water shortages. Asia is… Continue Reading…

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