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Business

“George Soros Fund Buys $400 Million Stake In 227 US Radio Stations Going Into 2024 Election”

“Billionaire hedge fund manager George Soros has been the target of controversy recently after a recent move to become a controlling shareholder in the second-largest owner of radio stations in the U.S. This isn’t the first media brand Soros has… Continue Reading…

Economy

“Britain falls into recession, with worst GDP performance in 2023 in years”

“…Gross domestic product fell 0.3% in the final three months of 2023, following a 0.1% contraction in the July-to-September period, the Office for National Statistics said. A recession is commonly defined as two consecutive quarters of contraction…” https://www.cnn.com/2024/02/15/economy/britain-falls-into-recession/index.html

Economy, Stocks

“Prepare for the S&P 500 to plunge 23% by mid-2024 – and the US economy to sink into recession, JPMorgan’s top charts guru says”

“…The stock market is mistakenly pricing in a “soft landing” for the US economy, where the Federal Reserve succeeds in crushing inflation without causing a recession, Jason Hunter told CNBC’s “Squawk Box” on Monday. But investors will soon realize the outlook is… Continue Reading…

Stocks

“Starbucks stock rises 10% as U.S. customers buy into pricier drinks”

“Starbucks on Thursday reported quarterly earnings and revenue that topped analysts’ expectations, fueled by strong U.S. demand for pricier drinks. Shares of the company rose 10% in morning trading. Here’s what Starbucks reported for its fiscal fourth quarter compared with what Wall Street… Continue Reading…

Business

“Nvidia-backed platform that turns text into A.I.-generated avatars boosts valuation to $1 billion”

“ https://www.cnbc.com/2023/06/13/ai-firm-synthesia-hits-1-billion-valuation-in-nvidia-backed-series-c.html

Economy

“A US debt default could spark mass unemployment, payment failures, and catastrophe that would raise interest rates ‘into perpetuity,’ Treasury Secretary Janet Yellen warns”

“…A government debt default would be catastrophic for the US economy, sparking mass unemployment, payment failures, and interest rates rising “into perpetuity,” according to US Treasury Secretary Janet Yellen. “Since 1789, the United States has paid all of our bills… Continue Reading…

Business

“Nestle plans price hikes after inflation eats into profits”

“The world’s biggest food group Nestle will raise prices further this year, Chief Executive Mark Schneider said on Thursday, after more expensive ingredients contributed to full-year net profit missing analyst expectations…. The maker of Nescafe instant coffee and KitKat chocolate… Continue Reading…

Banking, Economy

“The Euro System And It’s Currency Is Descending Into Crisis”

“EDITOR’S NOTE: A symphony of monetary derailment: Let’s start with an analogy. Most people wouldn’t know this, but conducting a large orchestra at Wagneresque proportions can be a harrowing task. The orchestra is so large and spread apart that the various sections… Continue Reading…

Stocks

“2 “Strong Buy” FAANG Stocks to Watch Heading Into Earnings”

“Facebook (FB)… Overall, the social media empire remains a Wall Street darling, as TipRanks analytics showcasing FB as a Strong Buy. This is based on 34 recent reviews, which break down to 30 Buy ratings, 3 Holds, and 1 Sell. Shares… Continue Reading…

Stocks

“11 Stocks Turned $10,000 Into $931,533 In 11 Months”

“The top nine S&P 500 stocks in November, including almost entirely energy companies like Occidental Petroleum (OXY), Apache (APA) and Diamondback Energy (FANG), powered 50% higher in the month, says an Investor’s Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith. All told, had… Continue Reading…