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Economy

“Car insurance rates are expected to rise 8.4% in 2023…”

February 17, 2023

“Car insurance costs are on the rise in 2023. According to personal finance website ValuePenguin, insurance rates across the US are expected to rise by 8.4%, bringing the total average premium for full coverage to $1,780 per year. Pricier cars… Continue Reading…

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Business, Stocks

“Shopify stock falls nearly 7% as forecast disappoints amid escalating Amazon rivalry, price increases”

February 16, 2023

“…In their forecast, Shopify executives guided for revenue to grow “in the high-teen percentages” in the fiscal first quarter, while not providing a forecast for any profit metric nor for the full year. Analysts on average were projecting first-quarter revenue… Continue Reading…

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Business

“Twilio to lay off about 1,500 employees, or 17% of its workforce”

February 13, 2023

“Twilio on Monday announced plans to cut around 17% of its workforce, or roughly 1,500 jobs based on the 8,992 employees reported as of Sept. 30, 2022, in a company filing with the Securities and Exchange Commission. Twilio announced the… Continue Reading…

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Stocks

“Lyft stock is getting punished, down more than 35% after weak guidance”

February 10, 2023

“Shares of Lyft fell more than 35% when markets opened on Friday, a day after the company reported guidance for its first quarter of 2023 that fell short of analyst expectations. The company expects to make about $975 million in… Continue Reading…

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Stocks

“15 dividend stocks whose 5% to 10% yields appear safe in 2023 and 2024 by this analysis”

February 9, 2023

“..Here’s an expanded list of 20 companies that met the screening criteria, with at least 2% headroom above the dividends based on estimates for 2023 and 2024: Company Ticker Dividend Yield Estimated 2023 FCF yield Estimated 2024 FCF yield Estimated… Continue Reading…

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Personal Finance

“35% of millionaires say retirement is ‘going to take a miracle,’ report finds”

February 6, 2023

“…Although the rich are getting richer, 58% of high net worth individuals said they accept that they will have to keep working longer and 36% worry that retirement may not even be an option, according to data from Natixis Investment… Continue Reading…

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Business

“Dell to lay off 6,650 workers, or 5% of its workforce”

February 6, 2023

“Dell on Monday announced plans to lay off 5% of its workforce, or about 6,650 employees, according to an SEC filing.  The cuts at Dell come as demand for PCs and laptops has slowed globally. Global shipments of PCs were… Continue Reading…

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Economy

“U.S. credit card debt jumps 18.5% and hits a record $930.6 billion”

February 3, 2023

“On the heels of another rate hike this week by the Federal Reserve, credit card annual percentage rates are already near 20%, on average, and set to climb even higher. At the same time, more consumers are leaning on credit to afford increasingly expensive… Continue Reading…

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Economy

“Parents pay at least one monthly bill for 40 percent of millennials”

February 2, 2023

“In a new survey, two-fifths of millennials say their parents still pick up one or more of their monthly bills.  And the most common parental subsidy is the largest: housing. Twenty-four percent of millennials say Mom or Dad pay their… Continue Reading…

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Business

“Apple wants to manufacture 25% of its iPhones in India, minister says”

January 23, 2023

“Apple is looking to manufacture 25% of all of its iPhones in India, the country’s commerce minister said Monday… JPMorgan analysts said in a note from September that Apple could make 25% of all iPhones globally in India by 2025… Apple… Continue Reading…

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