March 11, 2024
“Vast swaths of the United States are at risk of running short of power as electricity-hungry data centers and clean-technology factories proliferate around the country, leaving utilities and regulators grasping for credible plans to expand the nation’s creaking power grid…”… Continue Reading…
March 7, 2024
https://www.wsj.com/business/hospitality/restaurants-food-payroll-bars-wages-f21ceb0a The article is behind a paywall so I’ll just add my opinion here. McDonald’s has already been criticized for 20 dollar meals and Wendy’s has been criticized for floating a plain to have “surging” prices during high traffic hours.… Continue Reading…
January 22, 2024
“Sales of previously owned homes fell 1% in December compared with November to 3.78 million units on a seasonally adjusted annualized basis, according to the National Association of Realtors. Sales were 6.2% lower than in December 2022, marking the lowest level… Continue Reading…
January 22, 2024
“The parent company of Burger King is buying out its biggest franchisee in the U.S. for about $1 billion and will renovate hundreds of its locations. Restaurant Brands International Inc. will acquire all of the issued and outstanding shares of… Continue Reading…
November 28, 2023
“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…
September 12, 2023
“At least 10,000 people were feared missing in Libya on Tuesday in floods caused by a huge storm that burst dams, swept away buildings and wiped out as much as a quarter of the eastern city of Derna. More than… Continue Reading…
August 29, 2023
“…Despite the moves, foreign investors continue to flee Chinese markets. With Beijing cracking down on foreign consulting firms amid tensions between the U.S. and China and repeatedly requiring investment firms to avoid selling stocks when markets look shaky, investors seem increasingly nervous about the… Continue Reading…
August 18, 2023
“…Research by economists at the Federal Reserve Bank of San Francisco found Covid-related savings in the US had fallen to less than $190bn (£149bn) in June. This was down from $2.1 trillion at its peak in August 2021, which was… Continue Reading…
June 23, 2023
“The mortgage crisis will wipe out the savings of 1.2m families this year and push many into insolvency, economists have warned. Households having to remortgage face their bills rising by nearly 50pc, according to the National Institute of Economic and Social Research… Continue Reading…
February 16, 2023
“Glencore Plc will return more than $7 billion to shareholders in dividends and buybacks after the commodities giant reported another blockbuster profit driven by its coal and trading divisions… Glencore’s core profit rose 60% to a record $34.1 billion, of… Continue Reading…
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