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Economy

“House Republican infighting getting worse after foreign aid vote”

“The House came together Saturday to pass a sweeping $95 billion foreign aid package, a rare moment of bipartisan cooperation in the closely divided chamber. But the move only intensified infighting among House Republicans, who split sharply on the strategy… Continue Reading…

Economy

“A tax mystery: Why are fewer people getting refunds?”

“If it seems like you’re not getting a tax refund like you used to, you’re not alone. The share of taxpayers who get money back at tax time is slowly and, a little mysteriously, shrinking. At the same time, the… Continue Reading…

Business

“Ford Could Get 50% More Profit Without EVs”

https://www.wsj.com/business/autos/ford-could-get-50-more-profit-without-evs-553ba3c9 The article is behind a paywall so I’ll just make a few comments. EV’s are garbage. Ford should take a hint and listen to it’s customers. They don’t want EV’s. It’s amazing how Ford could make so much more… Continue Reading…

Business

“Trader Makes Massive Bet Treasuries Will Get Slammed After Jobs Report”

“…The trade targets a surge in US 10-year yields to as high as 4.15% by Friday’s close of business, or a jump of about 0.15 percentage points from Thursday’s closing level. That would mark the biggest one-day rise in 10-year… Continue Reading…

Banking, Economy

“The Bank of England is facing major losses on its bond purchases — and it’s set to get much worse”

“…In late July, the central bank estimated that it would require the U.K. Treasury to backstop £150 billion ($189 billion) of losses on its asset purchase facility (APF)… Raja concluded that the cost to the Treasury of indemnifying the central bank over… Continue Reading…

Energy

“The Global Diesel Crunch Is Going To Get Worse”

“Distillate fuel inventories are low in the United States and Europe. Stockpiles in the U.S. haven’t increased this summer as usual, and in one month since the end of June, they have seen the biggest drawdown for this time of… Continue Reading…

Economy

“Millions in California to Get up to $1,050 in ‘Inflation Relief'”

“California Governor Gavin Newsom announced late Sunday night that he had reached an agreement with state legislators on a $17 billion “inflation relief package.” “Millions of Californians will be receiving up to $1,050 as part of a NEW middle class… Continue Reading…

Economy, Energy

“Get Ready for Another Energy Price Spike: High Electric Bills”

“…Already frustrated and angry about high gasoline prices, many Americans are being hit by rapidly rising electricity bills, compounding inflation’s financial toll on people and businesses. The national average residential electricity rate was up 8 percent in January from a… Continue Reading…

Stocks

[Big Tech] “‘Bubble’ hitting 50% of market, top investor warns as Fed gets ready to meet”

“…Despite Monday’s tech comeback, money manager Dan Suzuki of Richard Bernstein Advisors warns the group is in a “bubble.” “Go back and look at the history of bubbles. They don’t softly correct and then are off to the races six… Continue Reading…

Business

How You Can Get Started in a Business Career (and Why You Should!)

Written By Michael Stephenson The term “business” is broad. It can describe anything from administrative jobs to executive careers. But, one thing is true across all business positions: the skills you learn are universally adaptable. In other words, no matter… Continue Reading…