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Business

“Businesses are returning $140 million in surprise overdraft fees to consumers, according to a CFPB report”

October 12, 2023

“The nation’s federal consumer protection watchdog announced Wednesday that companies will refund $140 million to customers as a result of its work to uncover illegal so-called junk fees…. Nearly two-thirds of banks with more than $10 billion in assets have also eliminated NSF fees,… Continue Reading…

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Energy

“Exxon sees $16 billion in earnings for fuels, chemicals by 2027”

September 21, 2023

“Exxon Mobil Corp expects its motor fuels and chemicals earnings to reach $16 billion by 2027, up about $4 billion from current levels as demand continues to rise, executives said on Wednesday. The largest U.S. oil company has been generating… Continue Reading…

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Business, Economy

“Shrink and theft losses near $1 billion at Lowe’s — here’s how much they’re costing other retailers”

September 8, 2023

“Generally, the inventory losses are only a small fraction of the retailers’ net sales. They also pale in comparison to other factors squeezing margins, such as excessive discounting and promotions, according to a CNBC analysis of their balance sheets. While… Continue Reading…

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Business, Real Estate, Stocks

“China Evergrande crashes 87% to become a penny stock as the former $50 billion real estate giant reveals more steep losses”

August 29, 2023

“… …” https://finance.yahoo.com/news/china-evergrande-crashes-87-become-221139544.html

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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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Business, Stocks

“Home Depot Tops Earnings Estimates, Launches $15 Billion Stock Buyback”

August 15, 2023

https://finance.yahoo.com/m/7a5dbac6-51ee-38c9-8218-f8bd736dac4e/home-depot-tops-earnings.html The article is behind a paywall but the headline is useful. There’s a 15 billion dollar buyback.

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Personal Finance

“Americans think they will need nearly $1.3 million to retire comfortably, study says…”

June 26, 2023

“When it comes to how much they will need to comfortably retire, Americans have a “magic number” in mind — $1.27 million, according to new research from Northwestern Mutual. That’s up from $1.25 million last year, the financial services firm found, based on… Continue Reading…

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Business, Stocks

“Nvidia hits $1 trillion market cap”

May 30, 2023

“Nvidia hit a $1 trillion market cap at the open Tuesday, joining a small club of mostly technology companies. Nvidia’s shares have to hold above $404.86 to maintain that distinction throughout the day. The stock rose nearly 6% in morning trading…… Continue Reading…

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Business

“Britain blocks Microsoft’s $69 billion acquisition of Activision Blizzard”

April 26, 2023

“Britain’s top competition regulator on Wednesday moved to block Microsoft’s acquisition of video game publisher Activision Blizzard. The measure marks a major blow for the U.S. tech giant, as it seeks to convince authorities that the deal will benefit competition.… Continue Reading…

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Real Estate

“Anxiety Strikes $8 Trillion Mortgage-Debt Market After SVB Collapse”

March 21, 2023

“So-called agency mortgage bonds are widely held by banks, insurers and bond funds because they are backed by the mortgage loans from government-owned lenders Fannie Mae and Freddie Mac. The bonds are far less likely to default than most debt… Continue Reading…

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