San Francisco’s empty office spaces and fleeing businesses are impacting the city’s economic health. Office workers going remote have reduced the city’s tax revenue by almost half a billion dollars. NTD speaks to a risk consultant to find out some potential challenges the city is facing, and what the causes are. …
Bankruptcies Looming in US: Money Manager
More bankruptcies may be coming for American companies. Over $100 billion of U.S. corporate debt is trading at distressed levels—something rarely seen in the last decade. Tavi Costa, portfolio manager at Crescat Capital, discusses the issues he sees looming for U.S. firms. …
Current Electric Vehicles Limit Driving Freedom: Automotive Industry Expert
Ford has ramped up its price war with Tesla, slashing the cost of its F-150 electric Lightning pickup truck by up to 17 percent on some models. By doing so, the Detroit automaker hopes to increase its share of an electric vehicle market dominated by Tesla. The move comes just two days after Tesla announced…
Over 100 Million Americans Affected by Tax Data Sharing: Expert
Three large tax preparation firms sent “extraordinarily sensitive” information on tens of millions of taxpayers to Google and Facebook parent company Meta over the course of at least two years, according to a group of congressional Democrats Wednesday. …
Inflation Closing In on Fed’s Target: Analyst
U.S. consumer prices saw their smallest increase on a yearly basis in more than two years in June. The headline CPI reported on Wednesday showed that inflation is subsiding. The considerable slowdown in underlying inflation sparked a rally in the stock and bond markets. Some investors are convinced the U.S. central bank’s fastest monetary policy…
No Way Out of China’s Economic Predicament, Says Strategist
China’s producer prices fell at their fastest pace in over seven years in June, leading to fears among economists and investors that the world’s second-largest economy is on the verge of slipping into deflation. Chief Strategist at Macrolens, Brian McCarthy, joins Don Ma to discuss China’s economy. …
Clear Signs US Jobs Market is Cooling: Analyst
July 7, 2023
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The U.S. economy added 209,000 jobs last month. This is the lowest number of jobs added in over 2 years, and comes in below analyst expectations for the first time in 13 months. Is the U.S. economy’s growth slowing? Are the federal reserve’s interest rate hikes finally having an impact? NTD speaks with a labor…
Is New Meta App ‘Threads’ Overhyped as a Twitter Replacement?
Facebook parent Meta plans to release a new Twitter rival app, called Threads. It will allow users to retain followers from photo-sharing platform Instagram. It’s essentially Instagram’s text-based conversation app. Will Meta’s new app pose a threat to Elon Musk’s Twitter? NTD speaks with Andrew Selepak, social media professor at the University of Florida. …
SCOTUS Held Biden to Rule of Law in Student Loan Case: Constitutional Attorney
The U.S. Supreme Court handed President Joe Biden a defeat on Friday, blocking his plan to cancel $430 billion in student loan debt. The justices ruled against Biden in a 6-3 decision and said the Biden administration overstepped its authority with the plan, with conservative justices in the majority. Another major ruling from the Supreme…
Fiscal Policy Delaying US Recession: Strategist
Potentially the most forecasted economic downturn in U.S. history has stubbornly refused to appear. Why? NTD speaks to an economic research provider for some possible reasons. …
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