“Spending fatigue” has set in on both sides of the Atlantic, The Wall Street Journal reported, as shoppers in the U.K. spent 2.3 percent less in April than in March, the National Bureau for Statistics reported.
Category: 28 May 2024
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GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
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SPECIAL REPORT: ROBBER BARONS 2.0: HOW PRIVATE EQUITY KILLED RED LOBSTER: A CASE STUDY
It wasn’t only all-you-can-eat shrimp for $20 that drove the Red Lobster restaurant chain to claim bankruptcy on 19 May, an NBC News investigation says.
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BILLIONAIRE’S DAUGHTER ROILS ALASKA’S SOVEREIGN WEALTH FUND
In 2022, the daughter of David Rubenstein, billionaire cofounder of the Carlyle Group asset management firm, became a trustee of the Alaska Permanent Fund Corp. (APFC), the state’s sovereign wealth fund, with a mission of helping the fund update its investment strategy.
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MASSACHUSETTS SET TO LOSE ALMOST $1 BILLION IN TAXES AS THE RICH MOVE OUT
The state of Massachusetts could lose almost $1 billion in tax revenue annually by 2030 as well-off households flee the state’s high taxes and home prices, Boston University’s business school has calculated.
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LOWE’S, MACY’S, TARGET REPORT WEAKER SALES
The 1,900-store Target discount chain reported a 3.7-percent drop in overall sales in its most recent quarter ending in early May, making it the fourth consecutive quarter of shrinking sales for the company.
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SALES OF NEW HOMES SLUMP IN APRIL
In April, sales of newly built homes fell 4.7 percent from March and 7.7 percent year on year, the U.S. census bureau reported.
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AMERICANS FEELING ECONOMIC PAIN
Donald Trump insists the U.S. economy is “going to hell.” According to a new Harris poll, most Americans agree.
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FEDERAL DEBT LOAD WORRIES BOND INVESTORS AS ELECTION APPROACHES
With another round of U.S. treasury bonds to be unleashed onto an already flooded market late this summer, investors are expecting bond prices to fall, especially among long-dated bonds.