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Economy

“U.S. job growth slowed sharply to 177,000 in August, below expectations, ADP says”

August 30, 2023

“…The firm reported Wednesday that private employers added 177,000 jobs in August, well below the revised total of 371,000 added in July. Economists surveyed by Dow Jones were expecting 200,000 jobs added in August. ADP also reported that pay growth… Continue Reading…

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Business

“Bud Light falls further, Modelo extends lead as best-selling US beer”

August 29, 2023

“…Total beer sales in the U.S. were up 2.2% in dollar sales for the week ending Aug. 19, but three brands saw double-digit increases in both sales and volume: Miller Lite was up 18.5% in sales and 12.3% in volume, Coors Light… 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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Banking, Economy, Personal Finance

“U.S. Credit-Card Balances Soar 16% to Pass $1 Trillion for 1st Time”

August 9, 2023

https://finance.yahoo.com/m/1f9b0a3e-858d-3724-bcb4-0dfe23a5d302/u-s-credit-card-balances.html This article is behind a pay wall but I want to comment on something. Now is the worst time ever to have bad debt. This is prime time to pay debt off. Keep some reserves. The biggest investment opportunity… Continue Reading…

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Business

“Honda posts 78% rise in Q1 profit on U.S. sales jump”

August 9, 2023

“Japan’s Honda Motor reported a 78% rise in quarterly profit on Wednesday, boosted by increased sales, especially in the North American market, and a weaker yen… Like other automakers, Honda said it benefited from strong sales to retail customers in… Continue Reading…

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Banking

“2 California banks are merging into a new $36 billion bank. It’s the latest in a string of consolidations after a crisis rocked the US banking world in March.”

July 27, 2023

“Shares of Banc of California and PacWest Bancorp got a major boost from news Tuesday that the two lenders will merge in an all-stock deal to create a new bank. PacWest shares surged 31.3% to $10.10 apiece in after-hours trade after news… Continue Reading…

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Economy, Precious Metals

“China Controls Minerals That Run the World—and It Just Fired a Warning Shot at U.S.”

July 10, 2023

“China’s decision this week to restrict the export of two minerals used in semiconductors, solar panels and missile systems was more than a trade salvo. It was a reminder of its dominant hold over the world’s mineral resources—and a warning of its… Continue Reading…

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Banking, Economy

“Yellen’s latest trip helps set a new normal for the U.S.-China relationship”

July 10, 2023

“…“My purpose is to make sure we don’t engage in a series of unintended escalatory actions that will be harmful to our economic relationship with one another,” Yellen said in an interview that aired Saturday on CBS News’ “Face the Nation.”…” https://www.cnbc.com/2023/07/10/yellens-latest-trip-helps-set-a-new-normal-for-us-china-ties.html… Continue Reading…

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Banking

“The American banking landscape is on the cusp of a seismic shift. Expect more pain to come”

July 10, 2023

“…Rising interest rates will deepen losses on securities held by banks and motivate savers to pull cash from accounts, squeezing the main way these companies make money. Losses on commercial real estate and other loans have just begun to register for banks, further shrinking… Continue Reading…

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Business

“Ford’s U.S. sales jump 9.9% on big gains for its F-Series trucks”

July 6, 2023

“…The Detroit automaker Thursday reported sales of 531,662 vehicles from April through June, up from subdued results of 483,688 cars and trucks that were weighed down by supply chain problems in the year-ago period. Sales of Ford’s F-Series trucks jumped 34% during the… Continue Reading…

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