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Banking, Stocks

“Legacy Reserves to file for bankruptcy…”

” Legacy Reserves Inc.’s stock LGCY, -16.33% plunged 42% in active premarket trade Tuesday, after the oil and gas company said it expects to file for bankruptcy, in an effort to facilitate the implementation of a restructuring agreement with its lenders. Trading volume… Continue Reading…

Business

“Small-business owners: We want to hire, but we just can’t find ‘qualified’ workers”

“Is there really a shortage of skilled workers available for hire? Small-business owners certainly seem to think so. Some 24% of small-business owners said finding qualified workers is their single biggest problem, according to an April survey by the National Federation… Continue Reading…

Business, Economy

“…small businesses shows signs of cooling”

“The number of small business sales counted by online market BizBuySell.com fell 6.5% during the first quarter from the same period of 2018, following a 6% fourth quarter drop. BizBuySell.com reported 2,504 first quarter transactions, down from 2,678 a year… Continue Reading…

Business, Economy, Investing

“Pot stocks are soaring and the cannabis industry is poised for ‘tons of growth'”

“Publicly traded cannabis companies have reported strong sales since Canada legalized pot last October and several US states voted to approve recreational and medical marijuana use… “This business is still in its infancy. It’s like investing in alcohol post-Prohibition. There… Continue Reading…

Business, Investing

Yikes! “Uber unveils IPO with warning it may never make a profit”

” Uber Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said on Thursday in its IPO filing. ..” https://uk.reuters.com/article/us-uber-ipo/uber-reveals-91-million-users-but-cautions-on-profitability-in-ipo-filing-idUKKCN1RN2SK Wow! Uber may never make a profit? Never!? Get… Continue Reading…

Banking, Business

“Small Business Loan Approvals At Big Banks Hit New High…”

“The approval percentage for small business loan applicants hit a record high of 27.3% at big banks ($10 billion+ in assets) in March, up one-tenth of a percent from February, according to the latest Biz2Credit Small Business Lending Index™. Approvals… Continue Reading…

Business, Economy

“Monopoly power is growing across the developed world — and it’s hurting workers, IMF finds”

“Growing monopoly power is seen across the developed world, which could be a contributor to ills ranging from lackluster investment growth to growing income inequality, a new International Monetary Fund report finds. The IMF paper, released ahead of its World… Continue Reading…

Business, Economy, Stocks

Big Tech Companies To Be Broken Up? Anti-Trust Fight Begins

“Last month, Sen. Elizabeth Warren made headlines by releasing a plan to break up tech giants like Facebook, Google and Amazon… Americans for Prosperity, a political advocacy group backed by billionaire Charles Koch, is currently running a two-week long targeted… Continue Reading…

Banking, Business, Economy

“The federal budget posted a record monthly deficit in February”

“The U.S. posted its largest monthly budget deficit on record in February with a gap of $234 billion, breaking the previous $231.7 billion mark set in February 2012, Bloomberg reports. The big picture: According to Treasury data released Friday, the… Continue Reading…

Banking, Business, Economy

“[The President] says he will nominate Fed critic Stephen Moore for central bank appointment

“In an interview earlier in the day, Moore said he had not been contacted at that point about an appointment. “I could just say that I’ve been talking to some people about it, but I’ve not been formally offered a… Continue Reading…