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Banking, Real Estate, Stocks

“Shares of NYCB falls 25% after bank discloses ‘internal controls’ issue, CEO change”

“Shares of New York Community Bancorp fell more than 25% on Friday after the regional lender announced a leadership change and disclosed issues with its internal controls… NYCB has been under pressure in recent months due in part to concerns about its exposure to… Continue Reading…

Business

“Facebook made a major change after years of PR disasters, and news sites are paying the price”

“…Facebook, now known as Meta, is out of the news business, a move that’s disrupted the traffic flow for many publications — Mother Jones has seen a 99% drop in Facebook referrals since its peak — and had disastrous consequences for… Continue Reading…

Business

[FALSE CLAIM] “Climate change is driving insurance rates up, forcing developers to add weather-proofing”

“…Commercial real estate properties have seen insurance rates rise an average of over 7% since 2017, according to an August Moody’s report. That’s compared to a typical yearly increase of about two to three percent. “It’s not all really due to… Continue Reading…

Economy

“Billions of dollars are flowing out of Chinese markets in a ‘seismic’ change in capital flows despite a flurry of actions to shore up confidence”

“…Despite the moves, foreign investors continue to flee Chinese markets. With Beijing cracking down on foreign consulting firms amid tensions between the U.S. and China and repeatedly requiring investment firms to avoid selling stocks when markets look shaky, investors seem increasingly nervous about the… Continue Reading…

Business, Energy

“This Really Needs To Stop’: Elon Musk Just Slammed Ireland’s Plans To Slaughter 200K Cows For Climate Change…”

“Cows, like all living mammals, produce greenhouse gases, which could threaten their existence. According to the Telegraph, Ireland is reportedly considering killing 200,000 cows in the country to meet the European Union’s climate targets. Not everyone is a fan of… Continue Reading…

Business, Economy

“…Elon Musk Just Slammed Ireland’s Plans To Slaughter 200K Cows For Climate Change…”

“…According to the Telegraph, Ireland is reportedly considering killing 200,000 cows in the country to meet the European Union’s climate targets… It also caught the attention of Tesla Inc. CEO Elon Musk. “This really needs to stop. Killing some cows… Continue Reading…

Business, Economy, Energy

“Oil major BP braces itself for shareholder revolt after scaling back its climate targets”

“BP is bracing itself for a shareholder revolt at its annual general meeting on Thursday — some of the U.K.’s biggest pension funds are planning to ratchet up the pressure on the oil major after it rolled back its emission… Continue Reading…

Banking

“Canada Targets Banks for Billions With Dividend Tax Change”

“Finance Minister Chrystia Freeland is planning to raise billions of dollars from banks and insurance companies by changing the tax rules for dividends they get from Canadian firms… In a measure that officials billed as closing a loophole, Canada will… Continue Reading…

Economy

“2 in 5 Americans say inflation will change their holiday shopping habits this year…”

“…According to a recent survey conducted by Bankrate, two out of five (40%) survey respondents said inflation will change the way they shop for the holidays this year. Recent results from the U.S. Bureau of Labor Statistics’ Consumer Price Index Summary also showed… Continue Reading…

Economy

“26% of job switchers regret joining the Great Reshuffle, survey finds…”

“Despite some indications of an economic slowdown, the job market remains remarkably stable, and many workers have reaped the benefits. In fact, a record number of employees quit their jobs, found new positions and renegotiated along the way. But not… Continue Reading…