October 26, 2023
“…Gross domestic product, a measure of all goods and services produced in the U.S., rose at a 4.9% annualized pace in the July-through-September period, up from an unrevised 2.1% pace in the second quarter, the Commerce Department reported Thursday.. Economists surveyed by… Continue Reading…
October 25, 2023
“Shares of electric truck maker Nikola traded higher Tuesday after the company said in a regulatory filing that its disgraced founder, Trevor Milton, has been ordered to pay the company about $165 million in damages. Shares closed up about 9%, trading at a little… Continue Reading…
October 25, 2023
“Largely due to high inflation and rising interest rates, 81% of adults said they did not contribute to their emergency savings this year, and 60% also said they feel behind when it comes to building a cash cushion, according to a new Bankrate report…”… Continue Reading…
October 17, 2023
“Country Garden’s entire offshore debt will be deemed to be in default if China’s largest private property developer fails to make a $15 million coupon payment on Tuesday, the end of a 30-day grace period… With nearly $11 billion of… Continue Reading…
October 17, 2023
“…Excluding autos, sales were up 0.6%, also well ahead of the forecast for just 0.2%. The so-called control group, which strips out items such as auto dealers, gas stations, office supply stores, mobile homes and tobacco stores and is used… Continue Reading…
October 17, 2023
“… Why it matters: An upward shift in long-term interest rates is putting the government on track to spend much more on interest payments in the coming years than was anticipated just a few months ago. …” https://www.axios.com/2023/10/16/interest-rates-federal-debt Long story short… Continue Reading…
October 13, 2023
“New Zealand has a plan to tax farmers for their livestock’s burps and farts — and it’s causing a stink ahead of Saturday’s general elections. The economy is driven by agriculture with around 10 million cattle and 25 million sheep… Continue Reading…
October 12, 2023
“Crude futures fell more than 2% following a hotter-than-expected Producer Price Index inflation print and signs that a conflict between Israel and Hamas may not extend to other countries, namely Iran… “While uncertainty is high, war in Israel is unlikely… Continue Reading…
October 10, 2023
https://finance.yahoo.com/m/4860dae8-ef14-316e-b390-86f867d5e267/evergrande-investors-warn-of.html The article is behind a paywall so I’ll just comment on the subject. Pretty much all of the real estate in China is in trouble. Many of the major real estate companies were selling houses before they were build… Continue Reading…
October 9, 2023
“Just as Hollywood’s writers and studios reached a tentative deal to return to work after nearly 150 days, a new strike was brewing. More than 75,000 health-care workers walked off the job Wednesday at Kaiser Permanente, the nation’s largest non-profit health-care organization, driven in part by demands for… Continue Reading…
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