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…
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…
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…
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…
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…
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…
June 29, 2023
“…1. Researchers at the US central bank just published a paper warning that a historic surge in the percentage of distressed American companies could worsen the fallout from the Fed’s inflation battle. Plainly, they said high borrowing costs could cause a huge number of companies… Continue Reading…
June 29, 2023
“Showing surprising resilience in the face of higher interest rates, the U.S. economy grew at a 2% annual pace from January through March as consumers spent at the fastest pace in nearly two years… Despite the uptick, the government’s third… Continue Reading…
June 21, 2023
“India’s Prime Minister Narendra Modi believes that U.S. companies looking to move their global manufacturing supply chains to the South Asian country isn’t a conscious move to upend China but simply “India gaining its rightful position in the world.”…” https://finance.yahoo.com/news/india-emerging-us-manufacturing-hub-092629374.html There is… Continue Reading…
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