The average U.S. legislator beat the S&P 500 Index by a wide margin in 2022, with two House representatives earning more than 50 percent for the year, a report reveals. Members of Congress have done quite well in the stock market over a period during which most major equity indexes yielded negative returns. A new…
Report on Congressional Stock Returns Raises Concerns About Insider Trading in Washington
Amazon Announces 18,000 Job Cuts
Amazon informed staff on Wednesday that it plans to cut 18,000 jobs amid slowing consumer and corporate spending. The cuts include workforce reductions already announced in November. The company had previously flagged that it would make additional cuts this year. “Today, I wanted to share the outcome of these further reviews, which is the difficult decision…
Kentucky Joins Growing Movement to Blacklist ESG Banks
January 4, 2023
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Kentucky has joined a growing list of conservative states that have begun to boycott banks they charge are discriminating against the fossil fuel industry. In compliance with a Kentucky law passed in March, State Treasurer Allison Ball yesterday released a list of banks that “are engaged in energy company boycotts.” This list included Wall Street…
Apple Looses $1 Trillion in Market Value in a Year
January 4, 2023
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Apple has lost $1 trillion in market value over the last year, as the tech company faces its worst decline in months. The tech giant’s market cap dipped below $2 trillion on Jan. 3 for the first time since May 2021, one year to the day after it became the first publicly traded Silicon Valley company to…
Apple Loses $1 Trillion in Market Value in a Year
January 4, 2023
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Apple IncBusiness & MarketsCompanieseconomyInvestmentmarket valueMarketsMedia & Big TechTechUSUS News
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Apple has lost $1 trillion in market value over the last year, as the tech company faces its worst decline in months. The tech giant’s market cap dipped below $2 trillion on Jan. 3 for the first time since May 2021, one year to the day after it became the first publicly traded Silicon Valley company to…
US Manufacturing Falls Deeper Into Recession, Factory Data Show
The American manufacturing sector fell deeper into recession last month, according to the latest factory data. December saw manufacturing slow to its slowest pace since the start of the pandemic, as demand remained low and production began to weakened, according to data from the Manufacturing ISM Report On Business® and the S&P Global U.S. Manufacturing PMI…
Treasurys Are on Track for Their Best Start to a Year Since 2001
The U.S. Treasury market is off to its best new-year start in two decades as investors purchased government debt with expectations of the Federal Reserve slowing down its tightening efforts. The benchmark 10-year yield tumbled 10 basis points, to 3.78 percent, on Tuesday, the sharpest decline on the first trading session of the year since…
Cleantech Stocks Fall Sharply in Energy Upheaval of 2022
News Analysis The year 2022 was one of energy upheaval. In the long run, analysts expect this to work in favour of clean energy, but for now those stocks are taking it on the chin. For two straight years, oil and gas has been the best-performing sector in the stock market, but despite the billions…
China’s Problem Is Lack of Demand, Which Is Not Easy to Boost
Commentary Now in 2023, China is again the focus of the economic outlook. Most forecasts, whether from the public or private sector, believe China will continue to be the key growth engine worldwide. Admittedly, China is producing a very high growth number compared to many other large economies. However, the 4-5 percent real GDP (year-over-year)…
Invest in Yourself for Terrific Returns
“True wealth is about taking control of your future and making conscious decisions about what you really want in life,” say authors Marc Eisenson, Gerri Detweiler and Nancy Castleman in their book “Invest In Yourself: Six Secrets to a Rich Life.” To create a rich life, these three respected consumer advocates encourage readers to diversify…
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