Econobits.com

Friday, June 30, 2023

Bank of America Says Stocks Are Headed for 'Big Collapse'

https://www.gobankingrates.com/investing/stocks/bank-of-america-stocks-headed-big-collapse/

Supreme Court strikes down Biden student loan debt forgiveness program

https://abcnews.go.com/Politics/supreme-court-strikes-biden-student-loan-debt-forgiveness/story?id=99231423

Inflation gauge PCE slows but core measure of price gains still high

https://www.usatoday.com/story/money/2023/06/30/pce-inflation-gauge-watched-by-fed-in-may/70371301007/

China to ease economic and trade rules to aid CPTPP pact bid, amid scepticism over reform commitment

https://www.scmp.com/economy/global-economy/article/3226158/china-ease-economic-and-trade-rules-aid-cptpp-pact-bid-amid-scepticism-over-reform-commitment

The IMF agrees to a long-awaited bailout for Pakistan of $3 billion

https://apnews.com/article/pakistan-imf-economy-bailout-cc18d80dacaba601d36718fe65a3f5b7

Exclusive: US, Dutch set to hit China's chipmakers with one-two punch

https://www.reuters.com/technology/us-dutch-set-hit-chinas-chipmakers-with-one-two-punch-2023-06-29/

Despite debt ceiling deal, US debt will spike to record high by 2029: CBO

https://www.cnn.com/2023/06/29/business/cbo-us-debt-spike-2029/index.html

Thursday, June 29, 2023

Walgreens Is Closing 150 Stores; Everyone Should Worry

https://www.thestreet.com/retailers/walgreens-is-closing-150-stores-everyone-should-worry

Federal Reserve may tighten financial rules after US bank failures, Powell says

https://apnews.com/article/federal-reserve-banking-regulation-powell-svb-af27140957d982315ab92ffedb4740e8

McDonald’s bet on viral success with its Grimace shake. TikTok users are pretending it killed them

https://www.cnn.com/2023/06/28/business/mcdonalds-grimace-shake-tiktok-cec/index.html

New Yorker article sparks outrage about why people shouldn’t travel

https://www.independent.co.uk/life-style/travel-new-york-abu-dhabi-tourism-b2365670.html

Are we losing the "public" in public higher ed?

https://www.insidehighered.com/opinion/views/2023/06/29/are-we-losing-public-public-higher-ed-opinion

AI Could Pay Dividends to Americans. Literally. - POLITICO

https://www.politico.com/news/magazine/2023/06/29/ai-pay-americans-data-00103648

Justice Department says new Florida law restricting Chinese land ownership is unconstitutional

https://www.politico.com/news/2023/06/28/justice-department-florida-law-unconstitutional-00104091

Powell says more 'restriction' is coming, including possibility of hikes at consecutive meetings

https://www.cnbc.com/2023/06/28/powell-say-more-restriction-is-coming-including-possibility-of-hikes-at-consecutive-meetings.html

Wednesday, June 28, 2023

A mailman said he's 'Temu tired' and jokingly pleaded with people to stop ordering so many packages from the website

https://www.insider.com/mail-carrier-talks-about-delivering-temu-packages-in-video-2023-6

Judge approves Overstock's $21.5 million purchase of Bed Bath & Beyond's brand

https://www.cnn.com/2023/06/27/business/bed-bath-and-beyond-overstock/index.html

The childcare crisis is about to get worse as 3.2 million kids are set to lose care starting this fall

https://www.businessinsider.com/childcare-crisis-is-about-to-get-worse-programs-closing-report-2023-6

'Really big': Supreme Court ruling against Norfolk Southern seen as rebuke to corporate impunity

https://www.rawstory.com/really-big-us-supreme-court-ruling-against-norfolk-southern-seen-as-rebuke-to-corporate-impunity/

Tuesday, June 27, 2023

Janitor heard 'annoying alarms' and turned off freezer, ruining 20 years of school research worth $1 million, lawsuit says

https://www.cnn.com/2023/06/27/us/janitor-alarm-freezer-rensselaer-polytechnic-lawsuit-new-york/index.html

Economists weigh in on Mike Pence suggestion to eliminate the Fed's employment mandate

https://www.cnn.com/2023/06/26/economy/fed-mandate-pence-employment/index.html

Monday, June 26, 2023

What's EU.1.1? CDC Tracks More Distant Descendant Of XBB.1.5 COVID Variant

https://www.medicaldaily.com/whats-eu11-cdc-tracks-more-distant-descendant-xbb15-covid-variant-470266

US-India: Biden, Modi hail defining strategic ties

https://www.dw.com/en/us-india-biden-modi-hail-defining-strategic-ties/a-66025686

Taco John's responds to Taco Bell's 'Taco Tuesday' lawsuit

https://www.cnn.com/2023/06/26/business/taco-johns-taco-tuesday-response/index.html

An epic fight over how real-estate agents get paid could transform the housing market forever

https://www.businessinsider.com/real-estate-agents-lawsuits-buy-sell-homes-forever-housing-market-2023-6

Sunday, June 25, 2023

Are investors ignoring the Federal Reserve's warning?

https://www.cnn.com/2023/06/25/business/stocks-week-ahead-fed-hawkish/index.html

Mexico imposes 50% tariff on white corn imports amid trade dispute with U.S. and Canada

https://www.independent.co.uk/news/mexico-ap-canada-mexico-city-andres-manuel-lopez-obrador-b2363666.html

Truckers threaten Florida boycott over immigration law

https://www.tampabay.com/news/2023/06/25/truckers-threaten-florida-boycott-over-immigration-law/

Saturday, June 24, 2023

West Virginia University approves $7M in staff cuts and a 3% tuition increase

https://www.cbsnews.com/pittsburgh/news/west-virginia-university-approves-7m-in-staff-cuts-3-tuition-increase-3/

FedEx Named In What Could Be One Of The Largest Odometer Fraud Schemes In U.S. History

https://jalopnik.com/fedex-named-in-what-could-be-one-of-the-largest-odomete-1850570768

Friday, June 23, 2023

CDC tracking new COVID variant EU.1.1

https://www.cbsnews.com/news/new-covid-variant-eu-1-1-cdc/

Central Banks Around the World Made Borrowing Costs More Expensive

https://www.businessinsider.com/central-banks-fed-rate-hikes-borrowing-costs-markets-finance-powell-2023-6

3M reaches $10.3 billion settlement over contamination of water systems with 'forever chemicals'

https://apnews.com/article/pfas-forever-chemicals-3m-drinking-water-81775af23d6aeae63533796b1a1d2cdb

Thursday, June 22, 2023

UK recession fears mount after Bank of England hikes borrowing rates by more than expected

https://apnews.com/article/bank-of-england-interest-rates-inflation-a87fa97e33df6e79f7097cc2acd955fa

Turkey hikes interest rates to 15% as Erdogan reverses policy on fighting inflation

https://www.cnn.com/2023/06/22/economy/turkey-hikes-interest-rates/index.html

CDC advisers vote to recommend first RSV vaccines for seniors

https://www.cbsnews.com/news/cdc-advisers-vote-to-recommend-first-rsv-vaccines-for-seniors/

Wednesday, June 21, 2023

One of America's biggest health insurers just issued a warning that healthcare costs are about to soar

https://www.businessinsider.com/unitedhealth-stock-exec-medical-costs-rising-2023-6

FTC sues Amazon for tricking customers into signing up for Prime

https://www.theverge.com/2023/6/21/23768372/ftc-amazon-lawsuit-prime-dark-patterns-subscriptions

93% Of Ceos Say They’re Preparing for a Recession Over the Next 12 to 18 Months — Here’s How They Are Shock-Proofing

https://moneywise.com/managing-money/budgeting/ceos-preparing-for-a-recession-so-should-you

Fed’s Powell Says Higher Interest Rates Needed to Curb US Inflation

https://www.bloomberg.com/news/articles/2023-06-21/fed-s-powell-says-higher-interest-rates-needed-to-curb-inflation

Tuesday, June 20, 2023

SoftBank's billionaire CEO, who believes AI will completely change the way humans live within 30 years, says he can't stop using ChatGPT

https://www.businessinsider.com/softbank-chatgpt-billionaire-ceo-masayoshi-son-sam-altman-2023-6

China cuts loan prime rate as economic recovery fizzles out

https://www.cnn.com/2023/06/20/economy/china-lpr-cut-economy-intl-hnk/index.html

Monday, June 19, 2023

IRS Audits on the Wealthy Could Recover $12 for Every $1 Spent

https://www.businessinsider.com/irs-tax-audits-recover-12-dollars-for-every-dollar-spent-2023-6

Warren Buffett pours more money into Japan's stock market

https://www.cnn.com/2023/06/19/investing/warren-buffett-japan-stock-market/index.html

Sunday, June 18, 2023

NEW REPORT SHOWS HOW 80% OF AMERICA’S RETIRED COAL PLANTS COULD SOON BECOME NUCLEAR REACTORS: ‘AN IMPORTANT OPPORTUNITY

https://www.thecooldown.com/green-business/retired-coal-plant-transformation-nuclear-energy/

Wall Street should brace for a big collapse after recent rally, warns Bank of America analyst

https://www.dailymail.co.uk/news/article-12206901/Wall-Street-brace-big-collapse-recent-rally-warns-Bank-America-analyst.html

22-Year-Old Bought Car Wash That Generates More Than $65,000 A Year In Pure Profit And 'Basically Runs Itself'

https://www.benzinga.com/news/23/03/31224036/22-year-old-bought-coin-operated-car-wash-that-basically-runs-itself-and-generates-more-than-65k-1

Saturday, June 17, 2023

Just days after pausing rate hikes, Fed officials calls for more increases

https://www.cnn.com/2023/06/16/economy/fed-waller-rate-hike/index.html

Empty offices, abandoned malls, concerns over crime: Why San Francisco, the Golden City, is losing its luster

https://www.businessinsider.com/san-francisco-pain-worsens-workers-visitors-shoppers-leave-2023-6

Friday, June 16, 2023

Top Wall Street Analyst Sounds Alarm: Major Market Collapse Could Follow AI-Driven Rally, Echoing 2000 And 2008

https://www.benzinga.com/analyst-ratings/analyst-color/23/06/32892475/top-wall-street-analyst-sounds-alarm-major-market-collapse-could-follow-big-rally-e

CDC warns travelers at 'high risk' of polio in 31 countries

https://www.usatoday.com/story/travel/news/2023/06/15/cdc-travel-advisory-polio/70327695007/

FDIC Targets Crypto Exchange OKCoin Over ‘False’ Insurance Assertions

https://decrypt.co/144918/fdic-targets-crypto-exchange-okcoin-over-false-insurance-assertions

'Dr. Doom' Nouriel Roubini: AI will unleash productivity in a way we haven't seen

https://finance.yahoo.com/news/dr-doom-nouriel-roubini-ai-will-unleash-productivity-in-a-way-we-havent-seen-115716525.html

Replaceable batteries might be the law in a few years

https://www.androidauthority.com/replaceable-batteries-eu-2023-3335711/

Thursday, June 15, 2023

UnitedHealth Stock Falls As Exec Says Medical Costs Rising

https://www.businessinsider.com/unitedhealth-stock-exec-medical-costs-rising-2023-6

New Zealand's economy dips into recession as higher interest rates bite

https://apnews.com/article/new-zealand-economy-recession-interest-rates-3018264ebf3466b450af5e1feb6bb1b1

UPS and Teamsters reach a deal on air conditioning delivery vans, a key issue in contract talks

https://www.cnn.com/2023/06/14/business/ups-teamsters-air-conditioning-vans/index.html

Economists are torn on whether the Fed's pause will backfire

https://www.cnn.com/2023/06/14/business/fed-rate-pause-inflation/index.html

Pacific Maritime Association and the International Longshore and Warehouse Union reach tentative labor agreement

https://www.cnn.com/2023/06/14/business/pma-ilwu-labor-agreement/index.html

Wednesday, June 14, 2023

Real Estate Downturn Could Destroy More Than 300 Banks

https://dailycaller.com/2023/06/14/report-real-estate-downturn-could-destroy-more-than-300-banks/

Russia to Raise $4 Billion by Slapping a Windfall Tax on Oligarchs

https://www.businessinsider.com/russia-ukraine-war-oligarchs-raise-billions-by-slapping-windfall-tax-2023-6

China's Economy Is Imploding. That's a Problem for US, Wall Street.

https://www.businessinsider.com/china-debt-economy-implode-stock-market-wall-street-xi-jinping-2023-6

Tuesday, June 13, 2023

China’s Covid-Positive Test Rate Jumped to 40% Last Month

https://www.bloomberg.com/news/articles/2023-06-12/china-sees-covid-roar-back-with-positive-test-rate-of-over-40#xj4y7vzkg

‘Catastrophic Consequences’: Top US Grid Official Sounds The Alarm On Coal And Gas Power Plant Closures

https://dailycaller.com/2023/06/13/catastrophic-consequences-ferc-power-grid-biden-green-regulation-reliability-alarm-coa-gas-power-plant-closures/

Consumer Price Index: Inflation Drops Further in May

https://www.businessinsider.com/consumer-price-index-inflation-federal-reserve-interest-rates-may-2023-6

Your next employer is more interested in your skills than your degrees

https://www.zdnet.com/article/your-next-employer-is-more-interested-in-your-skills-than-your-degrees/

A Greenwashing Lawsuit Against Delta Aims to Set a Precedent

https://www.bloomberg.com/news/articles/2023-06-13/a-greenwashing-lawsuit-against-delta-aims-to-set-a-precedent

Analysis: GM could reap billions by building combustion trucks and SUVs through 2035

https://www.reuters.com/business/autos-transportation/gm-could-reap-billions-by-building-combustion-trucks-suvs-through-2035-2023-06-13/

Monday, June 12, 2023

Hotelier Hands in Keys for 2 of San Francisco’s Most Prominent Hotels, Citing ‘Major Challenges’ in the City. What it Means for Commercial Real Estate

https://moneywise.com/real-estate/san-francisco-hotels-cite-major-problems

By raising interest rates, central banks are playing Russian roulette with the global economy

https://www.scmp.com/comment/opinion/article/3223771/raising-interest-rates-central-banks-are-playing-russian-roulette-global-economy

8 Reasons You Won't Achieve Financial Independence Before 70

https://due.com/reasons-you-wont-achieve-financial-independence-before-70/

New York City announces minimum wage for app food delivery workers

https://www.cnn.com/2023/06/11/business/nyc-delivery-workers-pay/index.html

A massive UPS strike could devastate the economy. It could be just eight weeks away

https://www.cnn.com/2023/06/12/business/teamsters-ups-strike-possibility/index.html

Sunday, June 11, 2023

Crypto Market Crash: Here's Why Bitcoin, Ethereum, Altcoins Are Falling Sharply

https://coingape.com/crypto-market-crash-heres-why-bitcoin-ethereum-altcoins-are-falling-sharply/

World Bank: Fed's Inflation Fight Could Lead to Global Downturn

https://www.businessinsider.com/world-bank-fed-inflation-fight-could-lead-to-global-downturn-2023-6

Saturday, June 10, 2023

Real-life trucking companies are trying to hire American Truck Simulator players with in-game ads

https://www.gamesradar.com/real-life-trucking-companies-are-trying-to-hire-american-truck-simulator-players-with-in-game-ads/

America’s Biggest Public Pension Has No Plans To Pull Investments From China As Others Flee

https://dailycaller.com/2023/06/09/america-public-pension-china-divest-investments/

Friday, June 9, 2023

The US Is Building Factories at a Crazy Rate After IRA, CHIPS Act Spending

https://www.businessinsider.com/us-building-factories-census-data-chips-act-inflation-reduction-act-2023-6

Gen Z Likes Shopping in Stores Just As Much As Online

https://www.businessinsider.com/gen-z-loves-shopping-in-store-as-much-online-survey-2023-6

China's factory deflation steepens as demand wanes

https://www.reuters.com/world/china/chinas-factory-gate-deflation-deepens-may-2023-06-09/

Why do businesses keep raising their prices?

https://www.cnn.com/2023/06/09/economy/us-inflation-high-prices-consumer-demand/index.html

Thursday, June 8, 2023

Rail alert upped to 'red,' shippers fear more West Coast port tensions

https://www.cnbc.com/2023/06/07/rail-alert-upped-to-red-shippers-fear-more-west-coast-port-tensions.html

World's Biggest Companies Downsize Office Space for Hybrid Working

https://www.businessinsider.com/worlds-biggest-companies-downsize-office-space-for-hybrid-working-2023-6

The Debt Ceiling Deal Could Cut 750,000 Older Americans' SNAP Benefits

https://www.businessinsider.com/debt-ceiling-deal-work-requirements-cut-older-americans-snap-benefits-2023-6

Wednesday, June 7, 2023

Apocalyptic panic and AI doomerism need to give way to analysis of real risks

https://venturebeat.com/ai/apocalyptic-panic-and-ai-doomerism-need-to-give-way-to-analysis-of-real-risks/

Are CDs, some of which now pay 5% or more, what’s missing from your portfolio?

https://www.marketwatch.com/picks/a-great-parking-space-is-the-humble-cd-some-of-which-are-now-paying-5-or-more-whats-missing-from-your-retirement-portfolio-c99da0be

Tuesday, June 6, 2023

SEC brings charges against cryptocurrency trading platform Coinbase

https://apnews.com/article/coinbase-sec-crypto-investor-binance-ftx-81e1a987094553d1172543446af529ed

Binance, US affiliate hit by net outflows of $790 mln in last 24 hours

https://www.reuters.com/technology/bitcoin-steadies-above-25000-binance-sec-lawsuit-rattles-investors-2023-06-06/

Monday, June 5, 2023

Is free will 'compatible with what we know about the laws of nature'? This physicist says no

https://www.alternet.org/free-will-incompatible-laws-nature/

'Train wreck waiting to happen': Looming mortgage crisis could tank the economy ahead of 2024

https://www.rawstory.com/commercial-real-estate/

Sunday, June 4, 2023

Three chemical giants agree to pay more than $1 billion to settle 'forever chemical' claims | CNN Business

https://www.cnn.com/2023/06/03/business/pfas-chemours-dupont-corteva-settlement/index.html

Saturday, June 3, 2023

Beijing expresses outrage after US agrees ‘comprehensive’ trade deal with Taiwan

https://www.independent.co.uk/asia/east-asia/taiwan-us-trade-deal-china-b2350228.html

Friday, June 2, 2023

ChatGPT Prompt Library: Over 300+ Prompts For Beginners...

https://www.knowyourmobile.com/ai/chatgpt-prompt-library/

Insurance giant Allstate followed StateFarm in halting home insurance policies for Californians

https://qz.com/allstate-statefarm-insurance-halt-california-1850499223

CNBC Anchor Stunned By Blockbuster Jobs Report Seconds After Predicting It Would Be ‘On The Weak Side’

https://www.mediaite.com/tv/cnbc-anchor-stunned-by-blockbuster-jobs-report-seconds-after-predicting-it-would-be-on-the-weaker-side/

Artificial intelligence warning over human extinction labelled ‘publicity stunt’

https://www.independent.co.uk/tech/rishi-sunak-university-of-oxford-san-francisco-government-people-b2349105.html

Lottery addictions are not being addressed seriously, experts say

https://abcnews.go.com/US/lottery-addictions-addressed-experts/story?id=99756090

VW unveils its electric Microbus for America

https://www.cnn.com/2023/06/02/cars/volkswagen-id-buzz-vw-bus/index.html

US debt ceiling deal narrowly passes senate averting catastrophic federal default

https://www.theguardian.com/us-news/2023/jun/01/senate-debt-ceiling-vote-thursday-chuck-schumer

Thursday, June 1, 2023

China's 'controllable' COVID-19 surge expected to peak at 65 million cases per week

https://www.abc.net.au/news/2023-06-01/covid-new-wave-china-65-million-cases-stable-controllable/102410792

Is AI an Existential Threat? Some Experts Say No

https://www.lifewire.com/is-ai-an-existential-threat-some-experts-say-no-7506892

Macy's and Costco have a warning about the economy

https://www.cnn.com/2023/06/01/investing/macys-earnings-costco/index.html

Something ‘unusual’ is happening to CDs. The 'benefit is great,’ but won’t last.

https://www.marketwatch.com/picks/theres-something-unusual-happening-to-cds-right-now-for-investors-the-benefit-is-great-but-it-wont-last-fa727f01

Toyota EV Drives 1,200 Miles Straight on Electric Roads

https://www.businessinsider.com/toyota-ev-drives-1200-miles-range-wireless-charging-roads-electreon-2023-6
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Marian University
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      • Bank of America Says Stocks Are Headed for 'Big Co...
      • Supreme Court strikes down Biden student loan debt...
      • Inflation gauge PCE slows but core measure of pric...
      • China to ease economic and trade rules to aid CPTP...
      • The IMF agrees to a long-awaited bailout for Pakis...
      • Exclusive: US, Dutch set to hit China's chipmakers...
      • Despite debt ceiling deal, US debt will spike to r...
      • Walgreens Is Closing 150 Stores; Everyone Should W...
      • Federal Reserve may tighten financial rules after ...
      • McDonald’s bet on viral success with its Grimace s...
      • New Yorker article sparks outrage about why people...
      • Are we losing the "public" in public higher ed?
      • AI Could Pay Dividends to Americans. Literally. - ...
      • Justice Department says new Florida law restrictin...
      • Powell says more 'restriction' is coming, includin...
      • A mailman said he's 'Temu tired' and jokingly plea...
      • Judge approves Overstock's $21.5 million purchase ...
      • The childcare crisis is about to get worse as 3.2 ...
      • 'Really big': Supreme Court ruling against Norfolk...
      • Janitor heard 'annoying alarms' and turned off fre...
      • Economists weigh in on Mike Pence suggestion to el...
      • What's EU.1.1? CDC Tracks More Distant Descendant ...
      • US-India: Biden, Modi hail defining strategic ties
      • Taco John's responds to Taco Bell's 'Taco Tuesday'...
      • An epic fight over how real-estate agents get paid...
      • Are investors ignoring the Federal Reserve's warning?
      • Mexico imposes 50% tariff on white corn imports am...
      • Truckers threaten Florida boycott over immigration...
      • West Virginia University approves $7M in staff cut...
      • FedEx Named In What Could Be One Of The Largest Od...
      • CDC tracking new COVID variant EU.1.1
      • Central Banks Around the World Made Borrowing Cost...
      • 3M reaches $10.3 billion settlement over contamina...
      • UK recession fears mount after Bank of England hik...
      • Turkey hikes interest rates to 15% as Erdogan reve...
      • CDC advisers vote to recommend first RSV vaccines ...
      • One of America's biggest health insurers just issu...
      • FTC sues Amazon for tricking customers into signin...
      • 93% Of Ceos Say They’re Preparing for a Recession ...
      • Fed’s Powell Says Higher Interest Rates Needed to ...
      • SoftBank's billionaire CEO, who believes AI will c...
      • China cuts loan prime rate as economic recovery fi...
      • IRS Audits on the Wealthy Could Recover $12 for Ev...
      • Warren Buffett pours more money into Japan's stock...
      • NEW REPORT SHOWS HOW 80% OF AMERICA’S RETIRED COAL...
      • Wall Street should brace for a big collapse after ...
      • 22-Year-Old Bought Car Wash That Generates More Th...
      • Just days after pausing rate hikes, Fed officials ...
      • Empty offices, abandoned malls, concerns over crim...
      • Top Wall Street Analyst Sounds Alarm: Major Market...
      • CDC warns travelers at 'high risk' of polio in 31 ...
      • FDIC Targets Crypto Exchange OKCoin Over ‘False’ I...
      • 'Dr. Doom' Nouriel Roubini: AI will unleash produc...
      • Replaceable batteries might be the law in a few years
      • UnitedHealth Stock Falls As Exec Says Medical Cost...
      • New Zealand's economy dips into recession as highe...
      • UPS and Teamsters reach a deal on air conditioning...
      • Economists are torn on whether the Fed's pause wil...
      • Pacific Maritime Association and the International...
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