/biz/ - Business & Finance

https://www.youtube.com/watch?v=xx_1UIWI_tY

Prepare for crash landing.

are we back?

>>57835787
-2.55%

IT JUST KEEPS PUMPING

>>57618896
Uh, what is it? I'm kind of busy right now.

>>57404930
>Do you want to know my feelings about my parents?
Sure, please do, fren. I'm all ears.

>>53975546
Thanks fren for all your precious tips!
Once i clean up all my antique i'll post the promised pics i owe you.

>>53818054
Ok thx, i had some doubts it was this but it's good to know.

>>53682614
https://twitter.com/johnjhin7/status/1624420827973435393

He's kinda right, you need a plan. I need at least x15.

>>53631767
Everything is misleading. All we have is what's in front of us.

OK frens i need your big IQs.
So i finally managed to scrap up a lil' bit over 5kg of silber via ebay. First step : accomplished! Problem : in my shithole, impossible to find a single mint/melter who accept to work with retailers. We aren't good enough for them apparently (even though they are begging for customers on their websites, but spit at your face when you call them..).

So i need a plan B to transform my stoopid crap into a bioutifoul, shiny bar.
It's out of question to do it myself. The material is way too expensive, hard to get by, and i wont buy for 3K worth of tools to do it only once. Also i've two left hands so it's guaranteed to fail if i try it anyway.

What are my best options? I live in Frogistan as most of you know. PLS HALP FRENS

Hello everyone! Here is your mid morning, or midday news. The big news today is about England's new tax increases and spending cuts, and the US Supply Chain being ironed out.
>New FTX CEO, John Ray, criticizes “complete failure of corporate controls” at the exchange. John Ray is considered an expert in reorganizing bankrupt companies, and previously oversaw the Enron bankruptcy.
>Fed Officials say that rates need to rise above 5% to tame inflation
>In a surprise to so-called “experts” and “journalists” Siemens raises their outlook for the next 12 months.
>Starbucks workers strike at more than 100 locations today (“Red Cup Day”, the start of their Holiday offerings). It is the latest dispute between Starbucks and the union: Starbucks Workers United. The union has accused the coffee company of illegal firings and interfering with workers’ rights
>Harvard joins Yale in withdrawing from Law School Rankings
>Supply-Chain problems, including Hold-ups at the LA Port, have eased. American Consumers can expect a more normal Holiday Season this year. Holiday travel is also predicted to hit near pre-pandemic levels.

World:
>UK Unveils largest tax increases and spending cuts in a decade - $55 Billion worth. Analysts predict that UK households will see largest fall in living standards in six decades. Household incomes are predicted to drop by 7%, and the number of people unemployed to rise by more than 500,000
>France and Germany to renew stalled fighter jet projects.

It's Friday eve, hope you are all doing well!

Hello everyone! Here is your mid-day news. A little slow today, everyone is mostly talking about the missile strike, and Trump.
>Retail sales rose in October, beating forecasts. Biggest jump since January
>Musk to name new Twitter boss
>Amazon to layoff 10,000 Corporate employees
>US Used car market slows down, pointing to cooling inflation
>Aisin Corp, Japan’s major auto supply company, will use AMD chips to power a new system that helps cars park themselves
>Artemis I Mission had a smooth start, performing well during its inaugural test flight. The Rocket is built by Lockheed Martin. It should take about a week to get to the moon.
>Yale Law School pulls out of US Law School rankings
>One of the biggest donors to the Republican party, Blackstone CEO Stephen Schwazman, will not support Trump Presidential Bid this time around. Another Republican mega-donor, Ken Griffin, from Citadel will back Ron DeSantis. Griffin was the third biggest donor to the Republicans during the 2022 Midterms.

World:
>Inflation in England hits 11.1%
>Missile Strike on Poland unlikely to be deliberate attack, says NATO

>>52468094
what are the signs ser

Happy Tuesday, lads! Here is your Midday, or Afternoon news, depending on where you are. Busy day out there!
>Walmart sales were stronger than expected for the quarter, and they have raised their sales outlook moving forward. However, consumers have reduced purchases of electronics and home goods
>Prices for industrial metals, including copper and aluminum, are rebounding, possibly in response to the possible end of China’s stringent pandemic restrictions
>Several major car companies, among them Ford, are switching to lower-cost batteries for their electric vehicles. These batteries utilize lithium-iron-phosophate (LFP). The so-called Iron batteries cost less than the typical nickel and cobalt combo, but have less driving-range.
>Luxury market is forecast to grow, despite global recession fears
>A Commission convened by Congress calls for Review of China-US Trade Relations, stating that China engages in unfair trade practices, including subsidizing favored industries and tolerating intellectual property theft.
>The NFL is partnering with Skydance Media to create sports-related content, in an effort for the NFL to broaden their business beyond football and move into mainstream entertainment

World:
>World population hits 8 Billion people. However, the population is growing at its slowest rate since 1950. India to overtake China as most populous country in 2023
>China’s offshore Police Service Stations spark alarm in Europe. Both the Netherlands and Ireland have declared them unlawful and ordered them closed within their countries
>Global decline in sperm count is accelerating, they have halved over the last 40 years
>Credit Suisse to sell much of securitised products group to Apollo, as it accelerates its restructure.
Hope you are all staying safe out there, lads!

Happy Tuesday, lads! Here is your Midday, or Morning news, depending on where you are. Busy day out there!
>Walmart sales were stronger than expected for the quarter, and they have raised their sales outlook moving forward. However, consumers have reduced purchases of electronics and home goods
>Prices for industrial metals, including copper and aluminum, are rebounding, possibly in response to the possible end of China’s stringent pandemic restrictions
>Several major car companies, among them Ford, are switching to lower-cost batteries for their electric vehicles. These batteries utilize lithium-iron-phosophate (LFP). The so-called Iron batteries cost less than the typical nickel and cobalt combo, but have less driving-range.
>Luxury market is forecast to grow, despite global recession fears
>A Commission convened by Congress calls for Review of China-US Trade Relations, stating that China engages in unfair trade practices, including subsidizing favored industries and tolerating intellectual property theft.
>The NFL is partnering with Skydance Media to create sports-related content, in an effort for the NFL to broaden their business beyond football and move into mainstream entertainment

World:
>World population hits 8 Billion people. However, the population is growing at its slowest rate since 1950. India to overtake China as most populous country in 2023
>China’s offshore Police Service Stations spark alarm in Europe. Both the Netherlands and Ireland have declared them unlawful and ordered them closed within their countries
>Global decline in sperm count is accelerating, they have halved over the last 40 years
>Credit Suisse to sell much of securitised products group to Apollo, as it accelerates its restructure.
Hope you are all staying safe out there, lads!

Hello all! Happy Monday, here is your late morning, or Midday news. Germany looks to be happily embracing nationalizing their industries.
US News:
>Amazon to lay off thousands of Corporate Workers
>FTX founder, Sam Bankman-Fried, could face criminal liability by allegedly using customer funds to back an affiliate’s venture investments. It will be a challenge for US Prosecutors to prove they have jurisdiction over a company based in the Bahamas.
>Biden and Xi meet in effort to halt downward spiral of relations between US and China
>CIA Director, Bill Burns, meets his Russian counterpart, Sergei Naryhkin, in Ankara to warn him against Russia’s use of Nuclear Weapons

World News:
>German Government nationalizes Gazprom’s German Subsidiary, saying it is to safeguard the country’s gas supply. It has been renamed to Securing Energy for Europe. The German Economy Ministry said the company’s “onver-indebtedness” left it in danger of insolvence, which would “endanger Germany’s security of supply”
>Eurozone factories defy recession fears with 0.9% output growth
That's the news, hope your days are going well!

Hello all! Here is your mid-day, or early afternoon news:
>Walgreens to buy Summit Health, parent company of CityMD urgent-care centers, in order to dive deeper into Medical Care
>Midterms tomorrow
>Tyson Foods CFO arrested after falling asleep in wrong home
>Meta to begin large-scale Layoffs
>Several of America’s largest accounting firms (among them: BDO, Grant Thornton, and Marcum) are exploring deals to take private equity cash
>Mergers and Acquisitions in US Booming. It is on decline in the rest of the world.
>On Wednesday, US Climate envoy, John Kerry, will propose a new carbon-credit program that aims to ramp up funding from businesses and governments to help developing countries cut back on fossil fuels.

World News:
>China proceeding with caution towards reopening after tough pandemic measures
>Global Law Firms scale back hiring as costs increase and decline in Mergers and Acquisitions activity

Hope everyone's Monday is going well!

Hello, Friends! Here is your mid-morning, or mid-day news! It's a doozy today

US News
>CPI exceeds forecast and rises 8.3%, holding four decade high. Core CPI rose 6.3% on a yearly basis, and 0.6% on a monthly basis. Gas prices fell, but food and housing prices rose
>Amtrak’s longest routes have been suspended in anticipation of rail strikes. Amtrak, nor its employees, are not involved in negotiations. However, Amtrak does use tracks operated by Companies that are involved
>US Household Income was completely flat last year. Did not rise, or fall.
>Twitter’s former head of security, who blew the whistle on Twitter covering up poor data privacy, testified in Congress.
>Twitter Shareholders approve Elon Musk’s $44 Billion takeover bid
>U.S. Banks lost a record $370 Billion in Deposits last quarter. People are taking their money out of banks
>Starbucks will outline their strategic revamp today
>Mitch MocConnell’s Super Pac takes control of Republican ad spending for upcoming election
>US Senate Foreign Relations Committee is poised to vote on a $4.5 Billion bill that would finance weapons exports to Taiwan
>Cracks are beginning to show in companies with very high amounts of debt. Companies such as: 99 Cents Only Stores, Adler, AMC, etc. Many of the companies with very high debt are in Germany, and China. While the US has companies with high-debt as well, it is not as significant a portion as German and Chinese companies.

World:
>Serbia asks IMF and UAE for support as borrowing costs rise
>Germany promises $67 Billion to bolster struggling energy companies
>Jean-Luc Godard passes away at 91

That's your news, good luck to everyone today

Hello Friends, welcome back to Monday! Hope it goes well. Here is your Mid day, early afternoon news:
>Freight Railroads plan to halt hazmat and sensitive cargo transport as they continue negotiations with two labor Unions. Norfolk Southern, and Union Pacific are two of the companies involved, both are publicly traded
>Analysts have cut earnings growth estimates by the most since the the Q2 2020, companies are growing pessimistic about earnings
>Wells Fargo to pay $145 million to settle 401(k) plan probe that alleged the bank’s retirement plan overpaid for the company’s own stock from 2013 to 2018
>At least 500,000 people are kept from currently working due to being sick with Covid or Long-Covid
>Consumer inflation expectations ease in August
>Goldman Sachs plans round of layoffs scheduled to begin next week, expected to layoff 1-5% of workers
>FDA to controversially approve new Covid booster that has not undergone human trials
>Lawyers for former President Trump pressed a federal judge to allow an independent attorney to review all documents that were seized by the FBI, saying they do not trust the Justice Dept. to accurately represent what was in them

World:
>Russia withdraws more forces from Ukraine. but says it will press on until all their goals are achieved
>Ukraine will soon make a major new request for more weapons to conduct “long-term” offensive
>Germany announces they want to become Europe’s leading military force
That's the news! I posted in the last thread as well, so this will be the last time today I post. Hope everyone's day is going well!

Hello Friends, welcome back to Monday! Hope it goes well. Here is your mid-morning, or mid-day market news:
>Freight Railroads plan to halt hazmat and sensitive cargo transport as they continue negotiations with two labor Unions. Norfolk Southern, and Union Pacific are two of the companies involved, both are publicly traded
>Analysts have cut earnings growth estimates by the most since the the Q2 2020, companies are growing pessimistic about earnings
>Wells Fargo to pay $145 million to settle 401(k) plan probe that alleged the bank’s retirement plan overpaid for the company’s own stock from 2013 to 2018
>At least 500,000 people are kept from currently working due to being sick with Covid or Long-Covid
>Consumer inflation expectations ease in August
>Goldman Sachs plans round of layoffs scheduled to begin next week, expected to layoff 1-5% of workers
>FDA to controversially approve new Covid booster that has not undergone human trials
>Lawyers for former President Trump pressed a federal judge to allow an independent attorney to review all documents that were seized by the FBI, saying they do not trust the Justice Dept. to accurately represent what was in them

World:
>Russia withdraws more forces from Ukraine. but says it will press on until all their goals are achieved
>Ukraine will soon make a major new request for more weapons to conduct “long-term” offensive
>Germany announces they want to become Europe’s leading military force

Hello everyone! Good morning or Midday, wherever you are. Here is the News for September 7th, lots going on today!
>Fed appears to be on path to 0.75 point rate increase during their meeting on Sep 20-21. Officials have signaled there will be further rate increases over the next two meetings, but they will be smaller
>Netflix changes corporate culture and hunts for cost-cuts
>Luxury car sales are rising faster than ever before
>Musk allowed to amend Twitter Countersuit with Whistleblower Claims that Twitter has hidden major security flaws
>BlackRock denies Republican claims of climate activism
>Kim Kardashian teams up with Jay Sammons to launch private equity firm called Skky Partners, aimed at buying out and taking over companies. Jay Sammons is the former global head of consumer, media and retail at investment firm, Carlyle Group, one of the largest mega-funds in the world
>Biden warns new UK Prime Minister, Truss, that trade deals with the US are off the table if she fails to keep the peace in Northern Ireland

World News:
>EU seeks more taxes on European Electricity companies. The Extra taxes trigger at $200/MWh market price. The current price is $450/MWh. Excess revenues above $200/MWh to be redistributed to companies and households
>Shortage of Carbon Dioxide needed to carbonate beverages, as it is a by-product of fertilizer production, and Fertilizer production has slowed
>Spotify chief calls on EU to “accelerate” antitrust case against Apple
>Germany to use Coal power for a third of its electricity
Lots of news today, but that's what I found interesting. Hope everyone's day is going well. I posted in the last thread as well, but this is the final thread I will post in today. Question for you all: Should I start a new thread for these every day, or do you prefer I keep it in /smg/?

News if you missed it in the last thread:
Hello Friends! Here is your late morning/Midday Market news for today, August 31:
>Starbucks designing new stores and procedures “from scratch”
>Bed Bath & Beyond to close 150 stores, sell shares to raise cash, and layoff workers
>JP Morgan raided by German prosecutors in tax fraud probe
>Covid-19 Booster shots targeting Omicron authorized
>DOJ adds obstruction charges to Trump
>Coal Power is here to stay for the foreseeable future as Solar Project delays, high gas prices, and hot weather take their toll
>Inflation tops 9% in EuroZone; European Bond market had worst month ever
>Russia halts Nord Stream Gas Pipeline for 3 days
>EU to restrict Visas for Russian Citizens
>German Manufacturers halt production to cope with rising energy prices
>Alibaba and Yum China are the first in line for audit checks by US regulators
>Japan to boost defense spending
>Italy in talks to sell ITA Airways to Delta, Air France, and a US Fund
Lots of stuff happening today! I had to leave some other things out. Have a good day, everyone

Here is your MidDay Market News. Slightly late today Edition:
>JPow to Speak tomorrow. Probably won't say anything new
>Peloton revenue drops 30% YOY
>Institutional Funds are selling their Office Building properties and holdings
>Funds selling more Bonds, becoming more optimistic about the economy
>The average 30 year fixed Mortgage rate is 5.5%. Almost double what it was last year
>Amazon to close US TeleHealth business
>US GDP shrinks only 0.6% in 2nd Quarter, much less than predicted. Jobless claims date better than predicted as well
>Hyundai mad at Washington over loss of electric vehicle subsidies
>The U.S. and China are nearing an agreement that would allow American accounting regulators to travel to Hong Kong to inspect the audit records of Chinese companies listed on the New York Stock Exchange
>Texas accuses Blackrock of energy company boycott in ESG Crackdown
>Hedge funds build their biggest bet against the Italian economy since 2008
>European Central Bank is very worried that as the Euro continues to get weaker compared to the US Dollar, that inflation will soar.
And that's been the news. Hope your lunch was great today, and if you are on the West Coast, hope you have a great lunch.