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Business

“Bud Light falls further, Modelo extends lead as best-selling US beer”

“…Total beer sales in the U.S. were up 2.2% in dollar sales for the week ending Aug. 19, but three brands saw double-digit increases in both sales and volume: Miller Lite was up 18.5% in sales and 12.3% in volume, Coors Light… Continue Reading…

Economy

“Deflation could soon hit the US as real estate and stock prices are at risk of crashing, economist says”

https://finance.yahoo.com/news/deflation-could-soon-hit-us-012106807.html I don’t care what the article says. I’ve already said deflation is more of a risk. Also I already said if the market crashes that would be prime time to buy stock. Save money for now and wait for… Continue Reading…

Business, Stocks

“China Hedge Funds in Crisis After Losses, US Investor Retreat”

“…The number of active China-focused hedge funds has slipped for the first time since at least 2012, with only five new funds launched this year as of June, according to data from Preqin Ltd. Another 18 funds were liquidated, the… Continue Reading…

Banking, Economy, Personal Finance

“U.S. Credit-Card Balances Soar 16% to Pass $1 Trillion for 1st Time”

https://finance.yahoo.com/m/1f9b0a3e-858d-3724-bcb4-0dfe23a5d302/u-s-credit-card-balances.html This article is behind a pay wall but I want to comment on something. Now is the worst time ever to have bad debt. This is prime time to pay debt off. Keep some reserves. The biggest investment opportunity… Continue Reading…

Business

“Honda posts 78% rise in Q1 profit on U.S. sales jump”

“Japan’s Honda Motor reported a 78% rise in quarterly profit on Wednesday, boosted by increased sales, especially in the North American market, and a weaker yen… Like other automakers, Honda said it benefited from strong sales to retail customers in… Continue Reading…

Banking

“Big banks have to raise capital by as much as 19% under proposed US rules”

“US regulators are proposing that big banks increase their capital levels to protect against future blowups following a regional banking crisis, one of the most sweeping overhauls of how lenders are regulated since the 2008 financial crisis… …Agency officials said… Continue Reading…

Banking

“2 California banks are merging into a new $36 billion bank. It’s the latest in a string of consolidations after a crisis rocked the US banking world in March.”

“Shares of Banc of California and PacWest Bancorp got a major boost from news Tuesday that the two lenders will merge in an all-stock deal to create a new bank. PacWest shares surged 31.3% to $10.10 apiece in after-hours trade after news… Continue Reading…

Economy, Precious Metals

“China Controls Minerals That Run the World—and It Just Fired a Warning Shot at U.S.”

“China’s decision this week to restrict the export of two minerals used in semiconductors, solar panels and missile systems was more than a trade salvo. It was a reminder of its dominant hold over the world’s mineral resources—and a warning of its… Continue Reading…

Banking, Economy

“Yellen’s latest trip helps set a new normal for the U.S.-China relationship”

“…“My purpose is to make sure we don’t engage in a series of unintended escalatory actions that will be harmful to our economic relationship with one another,” Yellen said in an interview that aired Saturday on CBS News’ “Face the Nation.”…” https://www.cnbc.com/2023/07/10/yellens-latest-trip-helps-set-a-new-normal-for-us-china-ties.html… Continue Reading…

Business

“Ford’s U.S. sales jump 9.9% on big gains for its F-Series trucks”

“…The Detroit automaker Thursday reported sales of 531,662 vehicles from April through June, up from subdued results of 483,688 cars and trucks that were weighed down by supply chain problems in the year-ago period. Sales of Ford’s F-Series trucks jumped 34% during the… Continue Reading…