Econobits.com

Sunday, April 30, 2023

India economy: Why everyone wants to work with the world's largest democracy

https://www.cnn.com/2023/04/29/business/india-economy-global-businesses-investment-intl-hnk/index.html

Amazon warning of 'cautious spending' as recession worries loom

https://finance.yahoo.com/news/the-biggest-online-retailer-in-the-us-is-warning-of-cautious-spending-163914456.html

U.S. Money Supply Is Doing Something It Hasn't Done in 90 Years, and It May Signal a Big Move for Stocks

https://www.fool.com/investing/2023/04/30/money-supply-90-years-signal-big-move-for-stocks/

Saturday, April 29, 2023

Map shows alarming spread of Covid variant Acturus across the US state by state

https://www.mirror.co.uk/news/us-news/map-shows-alarming-spread-covid-29847542#amp-readmore-target

FDIC prepares to place First Republic under receivership

https://www.reuters.com/business/finance/first-republic-shares-gain-hopes-rescue-deal-2023-04-28/

Jamie Dimon Wants to Take Over Troubled First Republic Bank, Report Says

https://www.businessinsider.com/jamie-dimon-wants-take-control-first-republic-report-says-2023-4

Friday, April 28, 2023

Rep. Angie Craig drops bachelor’s degree requirement to work in her office

https://thehill.com/homenews/house/3978465-rep-angie-craig-drops-bachelors-degree-requirement-to-work-in-her-office/

Covid Arcturus variant spreading in Ireland as cases triple and peculiar new symptom reported

https://www.irishmirror.ie/news/irish-news/covid-arcturus-variant-spreading-ireland-29835163

The Fed admits it was also to blame for Silicon Valley Bank's failure : NPR

https://www.npr.org/2023/04/28/1172715215/silicon-valley-bank-postmortem-federal-reserve-fdic-signature-bank

New York's MTA suspends use of Twitter for service alerts Thursday

https://www.cnn.com/2023/04/27/tech/ny-mta-suspends-twitter-alerts/index.html

Here's how much national debt climbed under each US president since WWII

https://straightarrownews.com/cc/heres-how-much-national-debt-climbed-under-each-us-president-since-wwii/

The Average Retiree Spends $4,345 on Monthly Expenses — And Burns 75% Of That on Just 4 Categories.

https://moneywise.com/managing-money/budgeting/retirees-burn-75-spending-on-4-categories

Fed Inflation Gauge Cools, But Sticky Core Keeps Rate Bets In Play

https://www.thestreet.com/investing/stocks/fed-inflation-gauge-cools-but-sticky-core-prices-keep-rate-hike-bets-in-play

Brits urged to wear face masks again as new Arcturus Covid strain spreads across UK

https://www.mirror.co.uk/news/uk-news/brits-urged-wear-face-masks-29836374

Thursday, April 27, 2023

The Arcturus Covid-19 subvariant is spreading in Australia - but expert says it’s no cause for alarm

https://www.theguardian.com/australia-news/2023/apr/27/the-arcturus-covid-19-subvariant-is-spreading-in-australia-but-experts-say-its-no-cause-for-alarm

Covid Arcturus could be more transmissible than past variants due to key 'advantage'

https://www.mirror.co.uk/news/health/covid-arcturus-could-more-transmissible-29825550

GDP report: Economy grew 1.1 % in first quarter but recession may start soon

https://www.usatoday.com/story/money/2023/04/27/gdp-report-economy-grew-first-quarter/11747450002/

New 'Big Idea' Fix to Social Security Could Gain Bipartisan Support — How It Would Prevent Benefits Cuts

https://www.gobankingrates.com/retirement/social-security/new-big-idea-fix-to-social-security-bipartisan-support-how-prevent-benefits-cuts/

Wednesday, April 26, 2023

The real reason Social Security is going broke — and how to save it forever

https://www.rawstory.com/social-security-broke/

UPS flashes a warning sign about the US economy

https://www.cnn.com/2023/04/25/business/ups-earnings-us-economy-slowdown/index.html

The $11.8 billion mistake that led to Bed, Bath & Beyond's demise

https://www.cnn.com/2023/04/25/business/bed-bath-beyond-share-repurchases/index.html

Tuition discounting by private colleges and universities reaches new high

https://triblive.com/news/pennsylvania/tuition-discounting-by-private-colleges-and-universities-reaches-new-high/

Retailers bought so much stuff during the pandemic that it's overburdening warehouses — and it may be causing a 'freight recession,' analyst says

https://www.businessinsider.com/freight-recession-trucks-containers-retailers-overbuying-analyst-economy-2023-4

GOP Bill Would Save $4.8 Trillion Over a Decade, but Cost 780,000 Jobs in First Year: Analyses

https://www.thefiscaltimes.com/2023/04/25/GOP-Bill-Would-Save-48-Trillion-Over-Decade-Cost-780000-Jobs-First-Year-Analyses

Tuesday, April 25, 2023

Chevrolet to end production of the Bolt, America’s cheapest new electric vehicle

https://abcnews.go.com/Business/chevrolet-end-production-bolt-americas-cheapest-new-electric/story?id=98831230

New Variant XBB.1.16 Becomes Variant Of Interest, Could Dominate In Many Regions

https://www.medicaldaily.com/new-variant-xbb116-becomes-variant-interest-could-dominate-many-regions-469524

Banks pull out of auto lending as recession looms

https://www.newsnationnow.com/business/banks-auto-lending-car-dealerships/

New home sales rise for the fourth month in a row

https://www.cnn.com/2023/04/25/homes/new-home-sales-march/index.html

First Republic Stock plummets 25% as banking trouble deepens

https://abcnews.go.com/Business/republic-stock-plummets-25-banking-trouble-deepens/story?id=98826060

Americans are getting worried about the job market

https://www.cnn.com/2023/04/25/economy/april-us-consumer-confidence/index.html

3M laying off 10 percent of workforce amid slowing demand

https://thehill.com/business/3970392-3m-layoffs-slowing-demand/

A Private Spacecraft Will Attempt to Land on the Moon Tomorrow

https://futurism.com/the-byte/private-spacecraft-land-moon-attempt

Monday, April 24, 2023

China makes major push in its ambitious digital yuan project

https://www.cnn.com/2023/04/24/economy/china-digital-yuan-government-salary-intl-hnk/index.html

BRICS Draws Membership Requests From 19 Nations Before Summit

https://www.bloomberg.com/news/articles/2023-04-24/brics-draws-membership-requests-from-19-nations-before-summit

Oil Companies Rejected by Supreme Court on Climate Change Lawsuits

https://www.bloomberg.com/news/articles/2023-04-24/oil-companies-rejected-by-supreme-court-on-climate-suits

YouTube case at Supreme Court could shape protections for ChatGPT and AI

https://www.reuters.com/legal/youtube-case-us-supreme-court-could-shape-protections-chatgpt-ai-2023-04-24/

Argentina's lithium pipeline promises 'white gold' boom as Chile tightens control

https://www.reuters.com/markets/commodities/argentinas-lithium-pipeline-promises-white-gold-boom-chile-tightens-control-2023-04-24/

Five Brits die with new Covid variant Arcturus - as super-infectious strain spreads globally

https://www.the-sun.com/health/7948876/arcturus-covid-deaths-britain/

Sunday, April 23, 2023

Summers Shoots Down Concerns Over Yuan's Threat To U.S. Dollar's Dominance: 'Is That Really Going To Be A Place Where People ... Want To Hold Reserves?'

https://www.benzinga.com/news/23/04/31949514/summers-shoots-down-concerns-over-yuans-threat-to-u-s-dollars-dominance-is-that-really-going-to-be-a

Bed, Bath & Beyond files for bankruptcy, announces ‘winding down’ of operations

https://www.upi.com/Top_News/US/2023/04/23/bed-bath-beyond-files-bankruptcy/3441682257197/
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