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Business

“Advertising group suspends brand safety unit after Elon Musk’s antitrust lawsuit”

“The World Federation of Advertisers said Thursday that it’s suspending the operations of its Global Alliance for Responsible Media nonprofit initiative. GARM was started in 2019 in part to help advertisers avoid having their promotions show up alongside content they… Continue Reading…

Business

“UK investment platform Hargreaves Lansdown agrees to $6.9 billion takeover by CVC consortium”

“…British investment platform Hargreaves Lansdown said on Friday it had agreed to a takeover offer equivalent to £5.4 billion ($6.9 billion) by a group of investors including CVC Group… Shareholders in Hargreaves Lansdown — the U.K.’s biggest stockbroker — will get 1,110 British pence… Continue Reading…

Economy

“Average consumer now carries $6,329 in credit card debt. ‘People are stretched,’ expert says”

“Americans now owe a record $1.14 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. The average balance per consumer stands at $6,329, up 4.8% year over year, according to a separate quarterly credit industry insights report from TransUnion…” https://www.cnbc.com/2024/08/08/credit-card-debt-and-delinquencies-are-on-the-rise-reports-finds.html I… Continue Reading…

Stocks

“Under Armour shares surge 20% after posting ‘better than feared’ quarterly sales”

“…Here’s how the athletic apparel company did in its fiscal first quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: In the three months ended June 30, Under Armour reported a loss of… Continue Reading…

Economy

“Weekly jobless claims fall to 233,000, less than expected, in a positive sign for labor market”

“…First-time filings for jobless benefits came to a seasonally adjusted 233,000 for the week, a decline of 17,000 from the previous week’s upwardly revised level and lower than the Dow Jones estimate for 240,000, the Labor Department said Thursday. The report comes… Continue Reading…

Economy, Real Estate

“Buyers catch a break: Home prices just fell the most in 2 years”

“Home prices are being cut at the fastest pace in two years. The share of home listings that saw a price cut rose to 18.9% in July, up 3.4% from last year. Demand is cooling as buyers wait for mortgage… Continue Reading…

Economy

“As burglars torment L.A. neighborhood, anxious residents consider buying guns, hiring security”

“…At least 10 burglaries were reported in Encino in the last month, according to the Los Angeles Police Department. Residents say there have probably been more in this Valley neighborhood, which is home to roughly 60,000 people. Some in Encino… Continue Reading…

Stocks

“Shopify shares soar 17% after earnings top expectations, company gives upbeat forecast”

“…Here’s how the company did compared with what Wall Street was expecting, based on a survey of analysts by LSEG: The company said gross merchandise volume, or the total volume of merchandise sold on the platform, jumped 22% during the… Continue Reading…

Business

“Nintendo profit falls 55% as sales of its ageing Switch console plunge”

“Nintendo revenue and profit plunged in its firscal first quarter as sales of its ageing Switch console decline. Nintendo sold 2.1 million units of its flagship Switch consoles, down 46% on the year. Investors are looking out for news surrounding… Continue Reading…

Stocks

“Intel Crashed 30%. Is the Stock a Sell or a Bad-News Buy?”

https://finance.yahoo.com/news/intel-crashed-30-stock-sell-091500373.html I’m not going to read this. I don’t think it is. My opinion on long term stocks is unless its energy or commodes in general its better to wait to invest after the market crashes. There are exceptions but… Continue Reading…