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Stocks

“Microsoft Announces $60 Billion Buyback, 10% Dividend Hike”

“…Microsoft also will increase its quarterly dividend by 8 cents, to 83 cents a share. It’s the company’s 20th straight year of increasing its dividend. Microsoft stock rose 0.9% to 435.07 on Tuesday. MSFT stock has risen for seven straight… Continue Reading…

Business

“FedEx to cut daytime domestic flight activity by 60%”

“…The parcel logistics giant will reduce daytime domestic flying time by 60% and the number of city destinations by 55%, which will add about 500 pilots to the existing surplus, said Justin Brownlee, senior vice president for flight operations and… Continue Reading…

Business

“TSMC’s April Sales Jump 60% on Sustained Demand for AI Chips”

“…The world’s largest contract chipmaker is running well ahead of estimates for revenue growth in the current quarter, after sales increased by 34.3% in March, buoyed largely by insatiable appetite for AI semiconductors. The global smartphone industry returned to growth… Continue Reading…

Economy

“Biden okays $60 million in aid after Baltimore bridge collapse as governor warns of ‘very long road ahead’”

“Maryland Gov. Wes Moore warned Thursday of a “very long road ahead” to recover from the loss of Baltimore’s Francis Scott Key Bridge as the Biden administration approved $60 million in immediate federal aid after the deadly collapse… The sudden… Continue Reading…

Economy, Stocks

“S&P 500 might crash 60%, a recession is looming, and speculation is rife, warns elite technical analyst Milton Berg”

“…Stocks might crash up to 60%, a recession seems likely, and market speculation has reached dangerous levels, a veteran technical analyst warned… Berg was likely nodding to John Hussman, who’s flagged the risk of a 63% plunge in the S&P 500,… Continue Reading…

Economy

“US Gasoline Prices Fall for 60 Straight Days…”

“…A gallon of gasoline now costs $3.25 on average in the US, more than 60 cents below the year’s peak in mid-September and about 30 cents cheaper than this time last year, according to data from the American Automobile Association.… Continue Reading…

Economy

“60% of Americans are living paycheck to paycheck heading into the holidays, report finds”

“…As of October, 60% of adults said they are living paycheck to paycheck, according to a new LendingClub report. The figure is unchanged from last year. Overall, 4 in 10 consumers consider themselves worse off relative to 2022, the report found… Even… Continue Reading…

Banking, Economy

“Turkish Inflation Nears 60%, Piling Pressure on Central Bank”

“…With food and energy costs on the rise, the pace of annual price gains soared to 58.9% last month from almost 48% in July, according to Turkey’s statistical office. The median estimate in a Bloomberg poll of economists was 55.9%.… Continue Reading…

Personal Finance

“60% of Americans live paycheck to paycheck — ‘inflation is part of their everyday lives,’ expert says”

“Despite higher prices, consumers are still spending, although not as much as a year ago, which is giving their budgets some breathing room. As of January, 60% of all U.S. adults, including 45% of high-income earners, were living paycheck to paycheck, according… Continue Reading…

Economy

“There’s a 50% to 60% chance of a mild recession next year, former Fed vice chair says”

“…“A recession is pretty likely,” Blinder said. However, he added that he foresees any downturn coming next year, as opposed to later in 2022, and that a recession is not an absolute certainty. “I don’t mean 89% probability, but maybe… Continue Reading…