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Business

“Billionaires Wanted to Save the News Industry. They’re Losing a Fortune.”

“…As the prospects for news publishers waned in the last decade, billionaires swooped in to buy some of the country’s most fabled brands. Jeff Bezos, the founder of Amazon, bought The Washington Post in 2013 for about $250 million. Dr. Patrick Soon-Shiong,… Continue Reading…

Business, Economy

“Major Chinese Solar Manufacturer Sees Industry Shake-Out Coming”

“China’s world-beating solar sector will start seeing smaller equipment makers being forced out next year as prices keep falling, according to one of the leading manufacturers… “Under the current bidding prices, there is no profit across the entire supply chain,… Continue Reading…

Business

“‘The Marvels’ has the worst opening weekend ever for any MCU film at $47 million”

“…Initial predictions saw the film opening at between $75 million and $80 million domestically, but those figures shrunk to a range between $60 million and $65 million ahead of Friday’s opening. Internationally, “The Marvels” garnered $63.3 million in ticket sales,… Continue Reading…

Energy

“Wind power industry in moment of reckoning as stocks fall and earnings crumble”

“Renewable energy firms are mostly suffering a dire earnings season as struggling supply chains, manufacturing faults and rising production costs eat into profits…” https://www.cnbc.com/2023/11/13/wind-power-industry-in-moment-of-reckoning-as-stocks-fall.html Good. Does anyone know how many birds are killed by windmills a year? I’ll give you… Continue Reading…

Business, Economy

“Business travel costs are expected to rise through 2023, industry report says”

“…Business travel airfare is on track to rise nearly 50% this year over 2021, following two years of steep declines, according to a report from travel management company CWT and the Global Business Travel Association. Next year, fares are set… Continue Reading…

Economy

“Video game sales set to fall for first time in years as industry braces for recession”

“…The global games and services market is forecast to contract 1.2% year-on-year to $188 billion in 2022, according to research from market data firm Ampere Analysis. The sector expanded 26% from 2019 to 2021, reaching a record $191 billion in… Continue Reading…

Business, Economy

“The retail industry is facing a potential wave of bankruptcies – here’s why”

“The retail industry is up against a potential wave of bankruptcies following a monthslong slowdown in restructuring activity. There could be an increase in distressed retailers beginning later this year, experts say, as ballooning prices dent demand for certain goods,… Continue Reading…

Stocks

“The Top ESG Stock In A Brand New $100 Billion Breakout Industry”

“…Supermarket News reported that: “U.S. organic product sales climbed 12.4% in 2020, breaking the $60 billion mark for the first time and more than doubling the previous year’s growth, according to the Organic Trade Association (OTA).” 1 And according to a survey… Continue Reading…

Cryptocurrencies, Economy

“Sanctions threaten to cripple Russia’s multibillion-dollar crypto industry”

“This week, U.S. officials targeted Russian bitcoin mining firm BitRiver in its latest round of sanctions aimed at hurting Russia’s economy. The Treasury Department’s Office of Foreign Assets Control says it is concerned Russia may monetize its vast oil reserves and other natural resources for power-intensive… Continue Reading…

Business, Economy, Stocks

Global airline industry is expected to lose 51 billion in 2021 and 12 billion in 2022

“The global airline industry is expected to lose close to $12 billion next year, cutting its losses from this year by 78% as carriers slowly recover from the Covid-19 pandemic, the International Air Transport Association said in a forecast Monday.… Continue Reading…