Twitter shares rallied nearly 13 percent on Tuesday after reports suggested Tesla CEO Elon Musk is changing course and will proceed with his purchase of the social media outlet. According to Bloomberg News, Musk proposed to move ahead with his original proposal of $54.20 per share—or $44 billion—to take the website private. The news sent…
Twitter Shares Jump on Reports Elon Musk Intends to Complete Takeover Transaction
Anti-ESG Movement Gains Momentum
News Analysis Only a few years after declaring that “climate risk is investment risk” and mandating corporations to meet certain environmental standards, Larry Fink, chairman and CEO of BlackRock, is facing a growing resistance. Even the most ardent champions of sustainable investing are experiencing a rude awakening. Fink, who leads the world’s largest asset management…
How to Store Coins Safely: A Complete Guide
For most numismatists, their coin collection is a source of pride and joy. Even if you’re not a hobbyist, investing in rare coins can be an exciting (and lucrative) venture. Yet, surprisingly, many people don’t know how to store coins properly, despite the significant risks that improper storage and handling pose to their investment. General…
Credit Suisse Shares Slip Despite Moves to Soothe Investor Concerns
October 3, 2022
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ZURICH—Credit Suisse shares slid by as much as 11.5 percent and its bonds hit record lows on Monday amid concerns about the bank’s ability to revamp its business and bolster its capital after a string of losses precipitated a strategy reboot. Chief Executive Ulrich Koerner last week told staff that Credit Suisse, whose market capitalization…
UK Manufacturing Downturn Continues as New Orders Dwindle Amid Market Uncertainty
The UK’s manufacturing sector has been tipped into a third monthly contraction as new order intakes decline, an influential survey has found. The S&P Global/CIPS UK Manufacturing PMI scored 48.4 in September, a slight recovery from 47.3 in August, a 27-month low. Anything below 50 is considered to show that the sector is shrinking. Although…
Experts Warn Homebuyers of Red Flags Beyond Climbing Interest Rates
Over the past two years, houses nationwide were going like hotcakes, with sellers often receiving tens or even hundreds of thousands of dollars over asking price. Buyers often waived inspections and picked up some of the sellers’ costs in dire hopes of securing that coveted single-family home. While the current landscape has changed due to…
Spending: How to Spend $1,000 or Less to Build Career Skills
By Kim Clark From Kiplinger’s Personal Finance Buttressing your resume with a new skill is one of the best ways to make a modest financial investment pay big returns. One study found that, depending on the skill and the worker’s previous education and job, some holders of short-term credentials earned 65 percent more than otherwise…
French Carmaker Showcases Cardboard Car That’s Cheaper and Addresses ‘Resource Uncertainty’
September 30, 2022
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A classic European carmaker has resorted to supplanting metal parts with cardboard composites in one of its latest designs, in the name of “resource uncertainty.” France’s Citroën, a division of the auto-manufacturing giant Stellantis, announced the introduction of its new conceptual design vehicle called the “Oli,” in anticipation of global resource shortages. The eco-friendly electric-powered car…
The Story Behind the Global Bond Market Rout—and Whether It Will Continue Into 2023
It has been a year to forget for global financial markets, and there is still another quarter to go in 2022. While stocks have captured most of the selloff attention this year, even safe-haven assets have plummeted, including the international bond market, which has experienced the worst performance in several decades. According to Bank of…
Stock Futures Fall After Apple Drops Plans To Boost iPhone Production Due To Lack Of Demand
Apple shares fell on Sept. 28, after the company dropped its plans to increase production of its new iPhone 14 this year due to suddenly reduced demand. According to an article in Bloomberg the day before, Apple executives admitted that the electronics giant had overestimated consumer demand for its new iPhone 14 model this holiday season….
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