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Stocks

“Trump Media stock closes 21% lower after company reports $58 million loss for 2023”

“The share price of Trump Media closed trading 21.47% lower on Monday, hours after the social media app company tied to former President Donald Trump reported a net loss of $58.2 million on revenue of just $4.1 million in 2023. Trump Media & Technology Group shares plunged… Continue Reading…

Business

“Feds seek seizure of two New York apartments worth $14 million tied to former Mongolia leader in alleged mining scheme”

“Federal prosecutors on Tuesday sued to seize two New York City apartments worth $14 million that were allegedly bought with proceeds from a corrupt scheme involving Mongolia’s huge copper mine, a former prime minister of that nation, and his Harvard… Continue Reading…

Economy

“There’s a 50% to 60% chance of a mild recession next year, former Fed vice chair says”

“…“A recession is pretty likely,” Blinder said. However, he added that he foresees any downturn coming next year, as opposed to later in 2022, and that a recession is not an absolute certainty. “I don’t mean 89% probability, but maybe… Continue Reading…

Economy

“Former Cisco CEO says he is ‘not investing in China'”

“Former long-time Cisco CEO John Chambers has done business in China for decades, dealing with corporate leaders and government officials. The various dealings were always tough, acknowledges Chambers, but importantly there was a certain predictability to them and a focus on win-win… Continue Reading…

Business

“Home Depot to Buy Former Unit HD Supply in $9.1 Billion Deal”

“Home Depot Inc. agreed to buy building products distributor HD Supply Holdings Inc., reuniting the home-improvement retailer with its former subsidiary more than a decade after they split apart. Home Depot will buy all outstanding shares for about $56 apiece,… Continue Reading…

Business

“52 former franchisees sue McDonald’s for racial discrimination”

“More than 50 former McDonald’s franchisees are suing the fast-food giant for racial discrimination, alleging it denied them the same opportunities as White operators and pushed them out of the system. The 52 Black plaintiffs claim that McDonald’s violated federal anti-discrimination law… Continue Reading…

Banking, Economy

Not Good! “Former TARP watchdog: ‘No question’ that banks will need another bailout”

“A key figure in the financial crisis is not convinced that the U.S. government has fixed its “too big to fail” problem… Barofsky told Yahoo Finance that the largest banks have only gotten larger and more interconnected than they were… Continue Reading…