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Stocks

“Peloton shares rise more than 15% as turnaround plan takes hold, losses shrink”

“…The company’s shares rose more than 15% in morning trading. Here’s how the Bike and Tread maker performed compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: For the three-month period that ended June… Continue Reading…

Economy

“Israel’s Economy Contracts Nearly 20% After Outbreak of War”

“…Gross domestic product shrank an annualized 19.4% in the final three months of last year, in seasonally-adjusted terms, according to preliminary figures released on Monday. That was worse than every estimate in a Bloomberg survey of analysts, whose median forecast… Continue Reading…

Business

Mainstream News Media Is Bleeding Cash

“Chaos, Fury Engulf Los Angeles Times in Historic Cuts to Newsroom” “…Barely 24 hours after billionaire owner Patrick Soon-Shiong imposed more than 115 job cuts, reducing about 20% of the newsroom, staffers arriving at the paper’s offices in El Segundo… Continue Reading…

Business, Economy

“Shrink and theft losses near $1 billion at Lowe’s — here’s how much they’re costing other retailers”

“Generally, the inventory losses are only a small fraction of the retailers’ net sales. They also pale in comparison to other factors squeezing margins, such as excessive discounting and promotions, according to a CNBC analysis of their balance sheets. While… Continue Reading…

Banking, Economy

“Fed Starts Experiment of Letting $8.9 Trillion Portfolio Shrink”

“The Federal Reserve is about to start shrinking its $8.9 trillion balance sheet, deploying a second tool along side higher interest rates to curb inflation, though officials don’t know just how effective it will be… After doubling in size through… Continue Reading…

Stocks

“Dow falls over 250 points as investors await details on Fed plans to shrink balance sheet”

“U.S. stocks were suffering a second day of declines on Wednesday, with technology and other growth shares leading the way lower as investors awaited expected details of the Federal Reserve’s plan to begin shrinking its nearly $9 trillion balance sheet.… Continue Reading…

Banking

“U.S. Fed’s balance sheet shrinks for first time since February”

“The Federal Reserve’s assets shrank this week for the first time since February, reflecting a sharp drop in currency swaps with foreign central banks and a continued slackening in demand for other emergency credit facilities. The Fed’s balance sheet –… Continue Reading…

Economy

“Japan’s economy shrinks faster than expected”

“Japan’s economy shrank at a faster-than-expected annualized pace of 6.3% in the October-December quarter, the first contraction in more than a year, as a sales-tax increase at the beginning of the quarter cooled consumption. Japan, the world’s third-largest economy after… Continue Reading…