Drops for Tesla, Netflix, and other big tech-oriented stocks are clamping the brakes on Wall Street’s torrid rally. The S&P 500 fell 0.7 percent Thursday, coming off its highest close since early April 2022 and its seventh gain in the last eight days. The Nasdaq lost 2.1 percent, its biggest drop in more than four…
Disney Stock Falls as CEO Expresses Apprehension About Future of Networks Like ABC
Disney’s stock price has declined in recent days following chief executive Bob Iger’s statements that networks like ABC no longer constitute the company’s “core” business, and there were possibilities of selling such businesses. In a July 13 interview with CNBC, Mr. Iger was asked whether the company would consider selling its TV networks, including American…
JPMorgan Chase CEO Jamie Dimon Lists a Number of Threats to the US Economy
July 20, 2023
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JPMorgan Chase CEO Jamie Dimon listed three major threats to the U.S. economy in a recent comment during the bank’s second-quarter earnings call, according to the transcript. The banking giant’s July 14 second-quarter results showed revenue and earnings exceeding economists’ expectations, but the JPMorgan chief stands on the side of caution. JPMorgan reported net income…
Mexico Overtakes China as New Manufacturing Base for US
U.S. relations with China have fractured over the years, making doing business overseas more expensive, and because of that experts believe that Mexico could overtake China in becoming the top manufacturer for American companies. “American and International companies (including Mexican companies) are setting up and have been setting up now for the past five to…
The Fall Continues: Bud Light Taken Out of Top Spot on List of Beers Sold in Bars Nationwide
Bud Light is seeing lower demand and popularity at bars and restaurants throughout America, according to a recent report that found that the brand has fallen three spots in terms of sales at these places. In the second quarter of 2023, Bud Light fell to fourth on the list of top beer brands sold across…
The Fall Continues: Bud Light Taken Out of Top Spot on List of Beers Sold in Nationwide Bars
Bud Light is seeing lower demand and popularity at bars and restaurants throughout America, according to a recent report which found that the brand has fallen three spots in terms of sales at these places. In second quarter 2023, Bud Light fell to the fourth spot in the list of top beer brands sold across…
[PREMIERING 7:30PM ET] Defecting From the ‘Ultimate Propaganda Country’: Hyun-Seung Lee on North Korea’s Oppressive Regime, Its Relationship With China, and Its Nuclear Bluster
July 20, 2023
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“I’ve communicated with some people inside of North Korea, and I heard from them that the recent famine is very similar to [the] 1990s famine. And, as we all know, almost 3 million people died of starvation during that time.” Hyun-Seung Lee, otherwise known as “Arthur” Lee, is a former member of the North Korean…
Bud Light Sales Have Fallen the Most in These 2 States
Bud Light sales have been hit the hardest in North and South Carolina as the beer brand has dealt with a multi-month fallout after it promoted transgender influencer Dylan Mulvaney, according to a report from data company, Union. Between April and June 30, Bud Light’s sales shared fell by 12.5 percent, or 6.9 points, from 19.4…
ANALYSIS: How to Improve Housing Affordability by Motivating Developers
Alleviating Canada’s housing affordability crisis revolves around increasing the supply of homes. But with Ontario’s environment of rising interest rates, labour shortages, high input costs, and even inter-provincial migration out of the bigger cities, analysts are suggesting solutions range from incentives for developers and builders to re-thinking land-use policies. Ontario has a goal of building…
The Secrets of Successful Financial Planning: Inside Tips From an Expert (Part 4.2)
July 20, 2023
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Options as Investments The owner of a call option has paid a dollar or so for the right to buy 100 shares of XYZ corporation’s stock (currently selling at $100/share) from the owner who sold the call option for $102/share at any time within a specified period, such as a year. The buyer knows that…
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