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Economy

“$6 Trillion in Taxes Are at Stake in This Year’s Elections”

https://www.wsj.com/politics/policy/6-trillion-in-taxes-are-at-stake-in-this-years-elections-ee4353ed This article is behind a pay wall but let me guess. Republicans want tax cuts and Democrats don’t. As for the “powers that be” They see Donald Trump winning the election. “U.S. executives in Davos see a Trump victory… Continue Reading…

Cryptocurrencies

“After false SEC post on ETF, bulls still see bitcoin at all-time highs this year”

“…a post from the account of the U.S. Securities and Exchange (SEC) on the X social media platform, formerly known as Twitter, on Tuesday claimed that the long-awaited bitcoin exchange-traded fund (ETF) had been approved. It turned out it hadn’t. Instead, the SEC… Continue Reading…

Economy, Real Estate

“US office buildings face $117BN debt time bomb: Mortgages due this year threaten to sink US economy as thousands of workplaces remain empty”

“Billions of dollars in loans on office buildings that are about to come due could play havoc with the US economy after interest rates soared. About $117 billion worth is expected to be due this year and needs to be repaid or… Continue Reading…

Business

“BlackRock, Vanguard, and State Street turned against environmental and social proposals this year, a clear sign of backlash”

“…The most surprising finding is how thoroughly the “Big 3” investors—BlackRock, Vanguard and State Street—turned against environmental and social shareholder proposals in the past year. In the U.S., BlackRock’s support for E&S proposals dropped from 41.3% in the 2020-21 season, to 23.7% in… Continue Reading…

Business, Economy

“Amazon reportedly plans to lay off about 10,000 employees starting this week”

“Amazon is planning to lay off approximately 10,000 employees in corporate and technology roles beginning this week, according to a report from The New York Times. Separately, The Wall Street Journal also cited a source saying the company plans to lay off thousands of… Continue Reading…

Business

“Facebook Parent Meta Is Preparing to Notify Employees of Large-Scale Layoffs This Week”

“Meta Platforms Inc. META 6.17%increase; green up pointing triangle is planning to begin large-scale layoffs this week, according to people familiar with the matter, in what could be the largest round in a recent spate of tech job cuts after the industry’s rapid growth during the… Continue Reading…

Economy

“40% of households will pay no federal income tax this year…”

“…Some 72.5 million households or 40% of households will pay no federal income tax this year, down from the pre-pandemic high of 60% two years ago, according to new estimates from the Tax Policy Center. In 2021, nearly 56% of… Continue Reading…

Economy

“Bank of America Forecasts A “Mild Recession” This Year”

“EDITOR’S NOTE: The big debate playing out on mainstream financial media these days is whether we’re going to see a steady slowdown (aka, a “soft landing”) or a recession. It’s starting to seem that the closer we get to the… Continue Reading…

Energy

“Oil Markets Could Face A Doomsday Scenario This Week”

“Global oil markets are going to be very volatile in the coming months if news emerging from OPEC’s main producers about production capacity constraints turns out to be true… With a presumed spare capacity of more than 3-4 million bpd,… Continue Reading…

Personal Finance

“Is this the end of retirement as we know it?”

“…The number of people working past retirement age has grown consistently since the 1990s. In the US, 32% of people aged 65 to 69 were in work in 2017, far more than the 22% who were working in 1994. In the… Continue Reading…