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Business, Stocks

“Peloton shares drop 27% after posting wider-than-expected loss, falling sales due to Bike recall, seasonality”

August 23, 2023

“…Here’s how the fitness company did in its fourth fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by Refinitiv: The company reported a net loss of $241.8 million, or 68 cents per share,… Continue Reading…

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Business

“SingTel Q1 profit slumps 23% on unfavourable currency move, high costs”

August 21, 2023

“Singapore Telecommunications reported on Monday a 23% decline in first-quarter net profit, citing the one-off impact at Bharti Airtel in Nigeria as the naira depreciated sharply against the U.S. dollar, as well as high costs. Singapore Telecommunications (SingTel), Southeast Asia’s… Continue Reading…

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Stocks

“Europe’s Stripe rival Adyen saw $20 billion wiped off its value in a single day. Here’s what’s going on”

August 21, 2023

“…The company’s shares plummeted 39% on Thursday, erasing 18 billion euros ($20 billion) from Adyen’s market capitalization, as investors dumped the stock after the firm reported its slowest revenue growth on record. The stock closed down a further 2.9% on Friday… Continue Reading…

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Economy

Say No To Mask Mandates and Returning government lockdowns.

August 19, 2023

Ok It seems like a problem is arising that will severely harm all of us. This must be stopped ahead of time. I’m going to make it my mission to make sure this garbage never happens again. Our country can’t… Continue Reading…

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Economy

“Should we wear masks again? Covid guidelines experts recommend”

August 19, 2023

“The uptick of Covid transmissions this summer has raised questions about whether or not certain safety measures such as wearing masks should be brought back…” https://www.independent.co.uk/life-style/covid-mask-guidelines-eris-variant-b2395530.html No! We should not. The Mask mandates and lock downs destroyed the economy. If… Continue Reading…

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Economy

“COVID masks are back as Canadian wildfires fill skies with smoke”

August 19, 2023

“Just when it seemed safe to unmask, some Canadians are donning the face coverings made ubiquitous during the coronavirus pandemic as a protection against hazardous smoky conditions as wildfires ravage much of the country. Canada is seeing its worst-ever start… Continue Reading…

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Economy

“Americans will run out of pandemic savings next month, Fed warns”

August 18, 2023

“…Research by economists at the Federal Reserve Bank of San Francisco found Covid-related savings in the US had fallen to less than $190bn (£149bn) in June. This was down from $2.1 trillion at its peak in August 2021, which was… Continue Reading…

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Banking, Stocks

“Why Treasury yields keep rising, causing pain for stock-market investors”

August 18, 2023

“…The benchmark 10-year yield BX:TMUBMUSD10Y finished at its highest close since Nov. 7, 2007, at 4.307%, while the 30-year rate BX:TMUBMUSD30Y ended at 4.411% or its highest since April 28, 2011. The 30-year rate has jumped 87.3 basis points since April, while its 10-year counterpart… Continue Reading…

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Economy

“Deflation could soon hit the US as real estate and stock prices are at risk of crashing, economist says”

August 17, 2023

https://finance.yahoo.com/news/deflation-could-soon-hit-us-012106807.html I don’t care what the article says. I’ve already said deflation is more of a risk. Also I already said if the market crashes that would be prime time to buy stock. Save money for now and wait for… Continue Reading…

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Real Estate

“Mortgage rates could hit 8%, economists say, citing a worrying sign not seen since the Great Recession”

August 17, 2023

“…Three experts told MarketWatch that if the economy continues to show signs of strength, and the U.S. Federal Reserve hikes its benchmark interest rate once again, rates could go up to 8%.  High rates have already taken a toll on… Continue Reading…

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