Beijing To Allow Indoor Dining
Beijing is allowing indoor dining on Monday, with two small exceptions for specific districts, as China completes its exit from stringent Covid lockdown measures and returns to normal. Restaurants and…
Summers: Inflation Won’t Get ‘Close to Target’ Without ‘Very High Turbulence’
Speaking on Bloomberg’s Wall Street Week, Larry Summers, Harvard Professor, former Director of the National Economic Council, and Treasury Secretary under Bill Clinton, said that inflation will not get “close…
Congress Is Poised To Pass A Bill Which Will Cost Big Tech
Congress is on the brink of passing major legislation which would restructure how Big Tech does business. But advocates worry if it is not passed quickly, or at least by…
There Will Be A Wave Of Emerging-Market Defaults, Says The Investor Legend
At Elliot Management, Jay Newman became a legend when he led their successful campaign to get Argentina to pay $2.4 billion in defaulted debt. In the process, he even oversaw…
Walmart to Add Four E-Commerce Warehouses to Speed Deliveries
Walmart Inc. is committing to build four automated ecommerce warehouses to speed deliveries, hiring about 4,000 workers, and making extensive use of an automated system to facilitate processing of orders.…
Credit Suisse Warns This Happened And It Causes Market Drops 71% Of The Time
Some analysts are bullish on the market’s potential to rebound now that OPEC+ has promised to increase output to ameliorate the effects of the war in Ukraine on energy prices.…
Amazon Will Split 20-to-1 On Monday
Starting Monday, Amazon will execute the 20-for-1 stock split it announced back in March. The stock, which closed Friday at $2,447 will open Monday at about $122 as each share…
Companies That Exited Russia Gain In The Market
After Russia’s invasion of Ukraine, almost 1000 companies announced they were pulling out of Russia, either out of moral indignation, or to avoid what they assumed would be an unfavorable…
Tech Stocks Join Tesla – Stop Hiring
Despite the latest jobs report, Tech companies are putting the brakes on hiring as the economy heads into uncertain territory. For the past few months, tech companies have been either…
GM Makes Bolt The Cheapest EV In America
GM is slashing the price of 2023 Chevy Bolt, leaving it the cheapest EV in America for 2023. General Motors laid out pricing for the 2023 version of the Bolt…
