UK consumer confidence rises for fourth month in a row in May
The easing of inflationary pressures is helping. However, consumer confidence itself remains in deep negative territory.
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trendcenter
- May 19
Disney (DIS) is scrapping plans to invest about $1bn in a new corporate campus in Florida
t was planned to house 2,000 employees. The reason is a conflict with state authorities. Disney World is Florida's largest employer,...
trendcenter
- May 19
Berkshire (BRK-B) has bought more shares in Occidental (OXY), increasing its stake to almost 25%
BRK's investment in OXY has risen to almost $13bn. Buffett is taking advantage of a recent 10% drop in OXY shares to increase his stake.
trendcenter
- May 19
Investors have become more active in selling shares of ...
Investors have become more active in selling shares of businesses that are dependent on receiving money from the US federal budget. They...
trendcenter
- May 12
Former SEC chief John Reed Stark called Tether (USDT) a "house of cards."
Tether operates in an uncontrolled regulatory vacuum. Instead of audits, the company undergoes attestations. Reserves and liquidity data...
trendcenter
- May 12
Elon Musk to step down as head of Twitter
He didn't give a name, but said: "She'll start in about six weeks!" Perhaps she will be Linda Iaccarino, head of advertising at...
trendcenter
- May 12
Joe Biden: We need to increase electricity prices for miners by 30% to eliminate the harm they do to
The authorities are finally thinking about the waste of energy resources on crypto mining. Although who's to say the next restrictions...
trendcenter
- May 12
The Bank of England expectedly raised the discount rate to 4.5%.
Central bank officials ruled out the possibility of a recession and raised their February forecast for economic growth by mid-2026 to...
trendcenter
- May 12
Remarks by U.S. Treasury Secretary J. Yellen at the G7 Summit A debt default could ..
A debt default could spell economic and financial disaster. It would undermine the U.S. ability to provide international leadership and...
trendcenter
- May 12
Friday's debt ceiling meeting between President Joe Biden and congressional leaders postponed until
Meanwhile, June is getting closer. (June is the month the Federal Reserve is expected to run out of money to pay government employees.)
trendcenter
- May 11
Robinhood (HOOD) shares up 3% after report
Robinhood (HOOD) shares up 3% after report The company will next week launch a new 24-hour trading service called 24 Hour Market, which...
trendcenter
- May 11
Airbnb (ABNB) shares down 11% after report
The short-term rental company reported a profit in the first quarter but issued a cautious outlook for the second quarter, saying growth...
trendcenter
- May 11
Google held its Google I/O 2023 developer conference
Google held its Google I/O 2023 developer conference The company announced the introduction of AI in all key products: Maps, Photo,...
trendcenter
- May 11
Inflation in Germany stabilised at 7.2% y/y
The ECB still has a long way to go to reach 2% inflation. ECB board member Schnabel said that core inflation is still very high. The rate...
trendcenter
- May 11
US inflation fell just above expectations to 4.9% y/y
US inflation fell just above expectations to 4.9% y/y. This supports expectations of a halt to the Fed's rate hike. True, core inflation...
trendcenter
- May 11
US small business signals pessimism.
The NFIB (Federation of Independent Businesses) optimism index showed a decline from 90.1 in April to 89 in May. The main challenges are...
trendcenter
- May 11
California has refused to pay its $18.6 billion debt to the US federal government—it is a default!
The state was taking money to pay unemployment benefits. Now California businesses will have to repay the debt. When a federal...
trendcenter
- May 11
The battle over the US debt ceiling is becoming daily news in the US press.
Trump has called on the Republican Party to default on the US if the Democrats do not agree to cut spending. In doing so, he expects...
trendcenter
- May 11
Switzerland has disclosed $8.3bn worth of Russian central bank assets
Russian central bank assets The disclosure was part of the EU's 10th sanctions package and set a precedent for violating the country's...
trendcenter
- Nov 28, 2022
November 28 Monday 2022.
Bloomberg: discounts to Russian oil rose to 39% After the $33 discount, Russian Urals is selling for $52 a barrel. So when the EU...
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