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Business, Economy

“Why Americans are snubbing McDonald’s and Starbucks”

August 5, 2024

“…It’s not as if Americans have suddenly given up fast food or joined a cult of teetotalers. But after several years of rising prices, we’re seeking out deals where we can find them and splurging on the stuff we really… Continue Reading…

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Banking, Economy

“Why regional banks are now willing to take billions in losses”

July 30, 2024

“More US regional banks are taking a step that was unthinkable more than a year ago in the aftermath of the Silicon Valley Bank failure: selling underwater bonds at a loss… The difference this time around is that regional banks… Continue Reading…

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Stocks

“Why Super Micro Computer Stock Is Plummeting This Week” [Fri, Jul 26, 2024]

July 29, 2024

“…The high-performance server specialist’s share price was down 12.7% from last week’s close heading into this Friday’s market opening, according to data from S&P Global Market Intelligence Tech stocks continued to pull back this week as investors assessed risks related to… Continue Reading…

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Business, Stocks

“Why Ford Motor Company Stock Crashed 17% Today” [Updated Fri, Jul 26, 2024]

July 29, 2024

“one of America’s Big Three automakers, collapsed 16.7% through 12:45 p.m. ET Thursday after the company reported a huge earnings miss last night. Analysts had forecast Ford would earn $0.68 per share on $44 billion in Q2 sales. While Ford exceeded… Continue Reading…

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Economy

“Why France is on the brink of reinstating wealth taxes”

July 9, 2024

“…France’s wealth tax was first introduced in 1982 by Francois Mitterrand, the then-president. Since then it has been scrapped, reinstated and reformed by successive governments  The “impôt de solidarité sur la fortune” – as it is known in France –… Continue Reading…

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Economy

“36% of Americans plan to take on debt for summer travel. Here’s why that worries financial experts”

July 8, 2024

“… …” https://www.cnbc.com/2024/06/29/some-american-plan-to-take-on-debt-for-summer-travel.html This is a bad idea. Now is the time to reduce debt not stack it.

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Stocks

“Why Virgin Galactic Stock Jumped 13% on Monday”

May 17, 2024

“Shares of Virgin Galactic (NYSE: SPCE) stock soared 13.5% through 11:45 a.m. ET Monday, and for a most surprising reason: Investment bank TD Cowen lowered its price target on the space stock to $2 per share this morning. Now why would investors look at this… Continue Reading…

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Economy

“Just 4% of current retirees say they are ‘living the dream,’ survey finds. Here’s why”

May 13, 2024

“Just 4% of today’s retirees said they are “living the dream,” according to a new survey from asset management company Schroders. And just as many — 4% — said they are “living the nightmare.” Most of the respondents fall somewhere in between… Continue Reading…

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Business, Stocks

“Why Coca-Cola Consolidated Stock Skyrocketed Over $1,000 Per Share Today” [May 7th]

May 10, 2024

“…As far as growth goes, Coca-Cola Consolidated doesn’t really have any. Its first-quarter volume was down less than 1% year over year. And with slightly higher prices, its net sales rose 1%. Regarding profitability, there was improvement in the company’s… Continue Reading…

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Economy

“Why the job market has stayed so hot for so long”

May 6, 2024

“When you use a pressure cooker, it can take an annoyingly long time after your dish is done cooking for the pot to cool to the point where you can safely open the lid. And so it is with the U.S. job… Continue Reading…

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