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Economy

“Addiction to debt has left the global economy one shock away from disaster”

May 10, 2024

https://finance.yahoo.com/news/addiction-debt-left-global-economy-120000094.html This article is more of an opinion piece without much hard data so I’ll just comment on the headline instead of quoting the article. This economy is going down. Everyone can see it. Everyone knows it. It’s only a… Continue Reading…

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Business

“TikTok, ByteDance sue to block US law seeking sale or ban of app”

May 10, 2024

“TikTok and its Chinese parent company ByteDance sued in U.S. federal court on Tuesday seeking to block a law signed by President Joe Biden that would force the divestiture of the short video app used by 170 million Americans or… Continue Reading…

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Economy

“38% of Americans have ‘never felt more uninspired at work than they do now’”

May 10, 2024

“…The survey, conducted by Talker Research and commissioned by Life Time Work, polled 2,000 employed Americans and found that this lack of inspiration is directly impacting productivity. Another 38 percent of respondents admitted to feeling only “somewhat” productive at work,… Continue Reading…

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Economy

“Record Wave of Americans Fled Big Cities for Small Ones in 2023”

May 10, 2024

“…The remote work boom that prompted Americans to flee urban areas for mountain hamlets and seaside towns during the pandemic continued at least through last year, according to University of Virginia demographer Hamilton Lombard. An estimated 291,400 people last year migrated… Continue Reading…

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Stocks

“GE Aerospace Cruises At A 15-Year High — Is GE Stock A Buy?”

May 10, 2024

“…The “new GE,” GE Aerospace, is far extended from a 132.50 buy point off a three-weeks-tight pattern. That means shares are not within buy range. The stock is up 80% from a November 2023 breakout past a flat-base entry, according to MarketSurge pattern recognition.… Continue Reading…

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Economy, Stocks

“‘Millions Of Households Will Have Their Retirement & Savings Destroyed’ — Grant Cardone Foresees Devastating Stock Market Plunge Of 50%”

May 9, 2024

“Real estate investor, Grant Cardone, issued a warning on May 5th regarding the stock market, posting on X: “WARNING: Stock Market is due for 50% correction taking S&P below 2674. Tens of millions of households will have their retirement & savings… Continue Reading…

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Business

“Tesla’s China-made EV sales fall 18% in April; shares slip”

May 9, 2024

“U.S. automaker Tesla sold 62,167 China-made electric vehicles in April, down 18% from a year earlier, lagging the broader market’s surge, China Passenger Car Association (CPCA) data showed on Tuesday. Tesla shares fell 3.8% on Tuesday, amid concerns about softening… Continue Reading…

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Economy

“Gen Z Sinks Deeper Into Debt”

May 9, 2024

“…The rising debt load largely reflects a surge in prices for food and shelter at the start of their careers, coupled with a larger percentage of Gen Z who graduated with student loans. The average credit-card balance for 22- to… Continue Reading…

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Stocks

“Lockheed Decision Sends This Satellite Stock Tumbling 20%”

May 9, 2024

“Lockheed Martin said it won’t buy a satellite start-up, sending shares of the latter sharply lower. The defense company said in a regulatory filing on Thursday that it withdrew its $1 per share bid for the stock in satellite solutions… Continue Reading…

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Economy

“U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9%”

May 9, 2024

“… …” https://www.cnbc.com/2024/05/03/jobs-report-april-2024-us-job-growth-totaled-175000-in-april.html

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