News Analysis Distressed bank Credit Suisse, whose financial troubles and uncertain future have dominated headlines in recent days, may sees its woes deepen in weeks to come as growing numbers of executives leave the bank, potentially triggering a scenario where regulators will step in and apply heavy-handed bailout measures similar to those adapted in the…
Credit Suisse’s Woes May Set Stage for Regulators to Repeat Mistakes of 2008, Experts Say
October 6, 2022
admin
BusinessBusiness & MarketsCompanieseconomyEuropeInvestmentMarketsnationalPolicies & ImpactsUnited StatesUSUS NewsWorld
0 Comment
Louisiana Dumps BlackRock Over ‘Crippling’ ESG Policies
October 6, 2022
admin
BlackRockBusiness & Marketsclimate change agendaCompanieseconomic policiesESG investingfossil fuel investmentInvestmentLouisiana BanRegional-Local NewsUSUS News
0 Comment
Louisiana has informed BlackRock that the state will be liquidating all investments in the corporation, blaming it for the promotion of politically driven green energy—under environmental, social and governance (ESG) standards—over fossil fuels critical to the state’s economy. “Your blatantly anti-fossil fuel policies would destroy Louisiana’s economy,” Treasurer John Schroder wrote (pdf), on Oct. 5,…
Elon Musk Texts Suggest Twitter Mass Layoffs Coming If Buyout Goes Through
Text messages between Tesla CEO Elon Musk and a number of his contacts that were made public this week suggest the businessman is considering mass employee layoffs at Twitter if his deal to purchase the social media platform goes through. The text messages were released in a court filing (pdf) as part of Musk’s ongoing legal battle with…
Australian Rents Grew at Fastest Quarterly Pace, Expected to Climb Further
October 6, 2022
admin
Australiaaustralian rental marketBusiness & MarketsCoreLogiceconomyGlobal Real EstateInvestmentreal estaterental growthWorld
0 Comment
Rents in Australia rose at the fastest quarterly pace over the three months to September and are set to continue climbing, according to the latest PropTrack Market Insight Report. Median weekly rent prices rose 4.3 percent over the September quarter, following a 2.2 percent rise in the previous quarter. Advertised rental rates also grew 10.3…
MBA Applications at Top Ivy League Universities See Double Digit Drops
October 5, 2022
admin
Business & Marketscollege enrollmenteconomyEducation & Family NewsInvestmentMBApersonal financeuniversityUSUS News
0 Comment
Applications to top business school programs at top Ivy League universities saw double-digit drops this semester. Major MBA programs like Harvard Business School have reported steep drops in applications due to a tight labor market and expensive costs of the degrees, which have pushed many would-be applicants away, according to an article in The Wall Street Journal….
Musk Said That Buying Twitter Is an ‘Accelerant to Creating an Everything App’
Tesla CEO Elon Musk said that “buying Twitter is an accelerant to creating X, the everything app,” following his agreement to buy the social media giant. Musk made that statement in a tweet after he proposed to proceed with his original offer of $44 billion to acquire the Twitter and take it private. After months of battling…
Fed Admits It’s ‘Not a Good Time to Be a Worker’ as Inflation Gobbles up 9 Percent of Wages
A senior Federal Reserve official has acknowledged the pain American workers are feeling from soaring inflation as all the wage gains of the average employee over the past two years have not only been completely erased but have fallen deep into negative territory. San Francisco Federal Reserve chief Mary Daly shared a stark statistic on…
South Korea’s Naver Acquires US E-Commerce Platform Poshmark for $1.2 Billion
October 5, 2022
admin
Asia & PacificBusiness & MarketsCompanieseconomyInvestmentMarketsMedia & Big TechNaverPoshmarkUSUS NewsWorld
0 Comment
South Korea’s internet giant Naver said Monday that it will acquire Poshmark, a U.S.-based social commerce platform, for $1.2 billion, including all of its issued and outstanding shares. Naver said that it would acquire each share of Poshmark for $17.90 in cash, a 15 percent premium over Poshmark’s Monday closing price. The enterprise value for…
Micron to Build $100 Billion Computer Chip Plant in New York
October 4, 2022
admin
Business & MarketsChip FactoryCompaniescomputer chipseconomic policieseconomyInvestmentLocal NewsMarketsMedia & Big TechmicronNew YorkRegional-Local NewsUS
0 Comment
Micron will build a new $100 billion computer chip factory over the next two decades in upstate New York. The company will build the manufacturing facility at White Pine Commerce Park, in Clay, a suburb of Syracuse, N.Y. in Onondaga County. The project is expected to bring tens of thousands of jobs to the region,…
Australia‘s Rarest Penny Sells for Nearly $60,000
A rare 1930s Australian penny has been sold for nearly $60,000 (US$39,000). Featuring a partial diamond and six pearls on King George V’s crown, the penny is the lowest mintage pre-decimal Australian coin in existence. The coin was sold at a national online auction on Sunday night for $59,415 to a Western Australian bidder who wants…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta