August 29, 2022
“EDITOR’S NOTE: While Yellen’s re-definition and reframing of “recession” caused some controversy a few weeks back, there hasn’t been much pushback on recent data indicating that the housing market is experiencing a recessionary slide. So, what data might be indicating a… Continue Reading…
August 29, 2022
“EDITOR’S NOTE: California is looking to ban all gas-powered vehicles by 2035. Such a massive level of adoption being a tall or seemingly impossible order, the California Air Resources Board voted today to make official the legislation. Let’s set the clean versus… Continue Reading…
August 25, 2022
“Even as many people struggle to stretch their incomes amid high inflation, it turns out there’s money they already have they’re probably overlooking — unused gift cards. To that point, 47% of people currently have at least one unused gift card,… Continue Reading…
August 25, 2022
“Peloton on Thursday reported widening losses and slumping sales in its fiscal fourth quarter as the connected fitness equipment maker attempts to win back investors with cost cuts and strategic shifts. Shares declined more than 14% in premarket trading, a day… Continue Reading…
August 25, 2022
“…Here are the most important numbers from the report compared to what analysts were expecting. Revenue: $6.7 billion versus $6.7 billion expected Adj. EPS: $0.51 versus $0.53 expected Data Center: $3.8 billion versus $3.8 billion expected Gaming: $2.0 billion versus $2.0 billion expected Net… Continue Reading…
August 25, 2022
“Shares of Dollar Tree fell Thursday after the company cut its financial outlook for the year, citing its investments in offering more competitive prices at its Family Dollar stores… For the second quarter, Dollar Tree said it earned $1.60 per… Continue Reading…
August 23, 2022
“According to the Q2 2022 TransUnion Credit Industry Insights Report, total personal loan balances have increased by 31% since last year, reaching a record total of $192 billion…” https://www.cnbc.com/select/how-to-get-lower-interest-rate-as-personal-loan-balances-rise/ Now is not the time for loans. You want to reduce your debt as… Continue Reading…
August 23, 2022
“…Best Buy, Ford Motor, HBO Max, Peloton, Shopify, Re/Max, Walmart and Wayfair are among the firms that announced layoffs in recent weeks. Meanwhile, 50% of firms are anticipating a reduction in overall headcount, while 52% foresee instituting a hiring freeze and 44% rescinding job offers, according to a PwC survey of… Continue Reading…
August 23, 2022
“The growing risk of a “major financial accident” that causes a market capitulation later in the year could open up opportunities for investors to “pile up on quality risk assets,” according to Beat Wittman, chairman and partner at Zurich-based Porta… Continue Reading…
August 23, 2022
“JD.com beat top and bottom line expectations in the second quarter, but posted its slowest year-on-year revenue growth on record, becoming the latest victim of a Covid-induced economic slowdown [Lockdowns] in China… Here’s how JD.com did in the second quarter, versus… Continue Reading…
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