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Economy

“…Wharton professor sees $34 trillion debt triggering 2025 meltdown as mortgage rates spike above 7%: ‘It could derail the next administration’”

March 7, 2024

“…Gomes predicts America’s $34 trillion debt burden may upset the world’s financial markets as early as next year—should a president-elect announce a raft of expensive policies. And remember the UK’s mortgage meltdown following a disastrous premiership under Prime Minister Liz… Continue Reading…

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Economy

“America’s $125 MILLION ‘guaranteed income’ giveaway: Huge rise in taxpayer-funded programs offering no-string handouts of up to $36,000 – including D.C. scheme used by mom to buy $6K luxury Miami vacation”

March 6, 2024

“Taxpayer-funded ‘guaranteed income’ programs that hand struggling families up to $36,000 with no strings attached are being rolled out across the country, DailyMail.com analysis reveals. The schemes, whose total value exceeds $125 million, have surged in popularity since the pandemic as… Continue Reading…

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Banking, Economy

“The U.S. national debt is rising by $1 trillion about every 100 days”

March 5, 2024

“The debt load of the U.S. is growing at a quicker clip in recent months, increasing about $1 trillion nearly every 100 days. The nation’s debt permanently crossed over to $34 trillion on Jan. 4, after briefly crossing the mark… Continue Reading…

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Business

“AI startup Glean lures Citigroup as investor at $2.2 billion valuation after revenue quadruples”

February 29, 2024

“… …” https://www.cnbc.com/2024/02/27/glean-is-worth-2point2-billion-as-citigroup-databricks-workday-invest.html Right now AI is where the money is.

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Business, Economy

“A $150 Billion Question: What Will Warren Buffett Do With All That Cash?”

February 27, 2024

https://www.wsj.com/finance/investing/a-150-billion-question-what-will-warren-buffett-do-with-all-that-cash-7ddcf36a The article is behind a paywall so I’ll tell you my opinion on the matter. He’s going to wait for the market to crash. After the crash he’s going to buy up everything in sight for cheap. That’s the… Continue Reading…

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Business, Real Estate

“London’s famed BT Tower sold to U.S. hotel group for $347 million”

February 27, 2024

“British telecoms group BT said Wednesday it had agreed to sell London’s iconic BT Tower — once an important piece of network infrastructure — to developer MCR Hotels for £275 million ($346.6 million). The 189-meter (620-foot) structure has loomed over the capital… Continue Reading…

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Economy

“Tax evasion by millionaires and billionaires tops $150 billion a year, says IRS chief”

February 27, 2024

“The nation’s millionaires and billionaires are evading more than $150 billion a year in taxes, adding to growing government deficits and creating a “lack of fairness” in the tax system, according to the head of the Internal Revenue Service…” https://www.cnbc.com/2024/02/22/tax-evasion-by-wealthiest-americans-tops-150-billion-a-year-irs.html… Continue Reading…

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Business

“Walmart to buy TV maker Vizio for $2.3 billion in move to grow its ad business”

February 22, 2024

“Walmart has agreed to buy TV maker Vizio, the companies announced Tuesday, as the largest U.S. retailer grows its high-profit ad business. Walmart will acquire Vizio for $2.3 billion, or $11.50 per share, in cash. The big-box retailer announced the acquisition as it reported… Continue Reading…

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Business

“Gilead to buy CymaBay for $4.3 billion in bets on liver disease treatment”

February 20, 2024

“Gilead Sciences has agreed to buy CymaBay Therapeutics for $4.3 billion, gaining access to an experimental liver disease treatment with blockbuster potential as the U.S. drugmaker looks beyond its older HIV drugs for growth. Shares of the Newark, California-based drug developer jumped 24.6%… Continue Reading…

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Business, Economy

“Credit card debt increases by $50B to new record high”

February 12, 2024

“Credit card debt in the United States increased by $50 billion in the fourth quarter of 2023, according to recent findings from the New York Federal Reserve. The latest report, released Tuesday, found the total credit card balances stood at $1.13 trillion… Continue Reading…

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