Nearly a quarter of New York City’s financial firms will cut their in-town workforces over the next five years, according to a November survey by the nonprofit Partnership for New York City. Overall, 13 percent of companies in the survey plan to reduce their labor force; the financial services sector showed the largest number of...
Author: user (UserName LastName)
Post
CANCELED IN THE METAVERSE
Being cancelled from Twitter or Facebook will seem quaint compared to the comprehensive way that people may disappear for all intents and purposes in the metaverse. To understand the dangers, it’s necessary to contemplate what the metaverse represents. Where did “Metaverse” Come From? Like so many technological realities, the metaverse was first envisioned in science...
Post
“DOLLARIZING THE WORLD.” A SLAVE SYSTEM.
By Gregory Mannarino TradersChoice.net As I sit here writing this article the U.S. stock market maintains its record run higher as the easy money continues to pour into it courtesy of the central bank. The Federal Reserve, which is the sole driving force behind the stock market’s record run, is not only buying record amounts...
Post
MARKET OVERVIEW
Although posting respectable gains last Friday, U.S. equity markets lost ground last week, snapping a five-week record of weekly advances. The Dow Jones Industrial Average gave up 0.6 percent, NASDAQ 0.7 percent, and the Standard & Poor’s 500 0.3 percent for the week, although all three markets closed on Friday near their highs for the...
Post
SPOTLIGHT: INFLATION STILL ON THE RISE
IKEA: SALES AND PRICES UP, PROFITS DOWN Although online and in-store sales rose 6 percent to a record €49.1 billion, or about $57 billion, during its fiscal year ending 31 August, Ikea reported profits slumped 17 percent to €1.4 billion during the period. This was the second consecutive year of falling profits for the world’s...
Post
SPOTLIGHT: BIGS GETTING BIGGER
DRUG MAKER NOVARTIS TO SELL ITS STAKE IN ROCHE Swiss drug giant Novartis will sell its roughly one-third ownership interest in rival Roche for $21 billion. Novartis has owned its share of Roche for almost 20 years, collecting about $6 billion in stock dividends over the period, according to the Financial Times. The sale is...
Post
LUFTHANSA EKES OUT THIRD-QUARTER GAIN
Lufthansa, Germany’s flagship airline, reported €17 million in third-quarter earnings, before interest and taxes. The airline filled 19.6 million seats in the period, just 46 percent of the number during the same quarter in 2019, it said, but reported new bookings for future flights at 80 percent of pre-COVID averages. The U.S. will open its...
Post
META MAY OPEN BRICK-AND-MORTAR STORES
Facebook—oops, we mean Meta—may open physical stores around the world to introduce the public to its augmented and virtual reality products, company insiders have told reporters with several news organizations. The products are gateways to the “metaverse,” Meta chief Mark Zuckerberg’s name for an environment in which people move seamlessly between physical and digital worlds....