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Economy

“NFIB Signals A Recession Is Coming… Again”

June 20, 2022

“EDITOR’S NOTE: Among the many economic indicators investors follow, the National Federation of Independent Business (NFIB) Optimism Index may not be among the most popular. It should be, however. The index reflects the collective wisdom of business leaders across multiple… Continue Reading…

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Business

“Broadcom announces plans to buy VMware in $61 billion deal”

May 26, 2022

“Broadcom will buy VMware in a cash-and-stock transaction valued at $61 billion, based on the closing price of Broadcom common stock on May 25, 2022, the companies announced Thursday. The deal would be one of the largest technology acquisitions of all time, behind Microsoft’s pending $69… Continue Reading…

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Business

“Apple is no longer the world’s most valuable company”

May 12, 2022

“Oil giant Saudi Aramco on Wednesday surpassed Apple as the world’s most valuable firm. Aramco’s market valuation was just under $2.43 trillion on Wednesday, according to FactSet, which converted its market cap to dollars. Apple, which fell more than 5% during trading… Continue Reading…

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Business

“Netflix lays off ‘Tudum’ writers following disastrous Q1 earnings”

April 29, 2022

“The belt tightening appears to have started at Netflix: A number of journalists working for the company’s entertainment site Tudum have been laid off, according to tweets by those affected. A Netflix spokesperson told Protocol Thursday that there were no plans to… Continue Reading…

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Business, Stocks

“Twitter shares jump 3% on reports it could accept Elon Musk’s bid as early as Monday”

April 25, 2022

“Twitter shares jumped more than 3% on reports the company is nearing a deal with Elon Musk that could be announced as soon as Monday. Musk earlier this month offered to buy Twitter for $54.20 a share, or about $43 billion. The social media… Continue Reading…

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Business, Stocks

“Elon Musk decides not to join Twitter board, says CEO Parag Agrawal”

April 11, 2022

“Tesla and SpaceX CEO Elon Musk has abandoned his plans to join the board of Twitter, his social network of choice. Twitter CEO Parag Agrawal announced publicly Sunday that Musk remains the largest shareholder of Twitter, and the company will remain open to his… Continue Reading…

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Business

“Ford’s first quarter sales fell 17% as the automaker battled a chip shortage”

April 4, 2022

“Ford Motor’s U.S. sales of new vehicles declined 17% during the first quarter, including a 26% slide last month, as the automaker continues to battle a global shortage of semiconductor chips. The automaker on Monday reported first quarter sales of 432,132… Continue Reading…

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Business, Economy

“50% of companies want workers back in office 5 days a week–why experts say this strategy could fail”

March 18, 2022

“About 50% of leaders say their company already requires or is planning to require employees to return to in-person work full-time in the next year, according to new research from Microsoft, which surveyed 31,102 workers around the world between January and… Continue Reading…

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Banking, Personal Finance

“U.S. Retirement Funds, Heavy on Stocks, Brace for Losses”

March 7, 2022

“Volatile stock markets are eroding the retirement savings of America’s teachers and firefighters after public pension systems ended last year with equity holdings at a 10-year high…” https://www.wsj.com/articles/u-s-retirement-funds-heavy-on-stocks-brace-for-losses-11646601597 If you’re a young person do not count on any U.S. government… Continue Reading…

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Business, Stocks

“Foot Locker Plummets as Shrinking Nike Business Hits Outlook”

February 25, 2022

“…The chain said no single vendor is expected to represent more than 60% of total purchases this fiscal year, down from 70% in fiscal 2021 and 75% in the previous year. That contributed to Foot Locker projecting profit and comparable… Continue Reading…

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