blametheeconomy

Hi, I'm just a guy in a financial management position. News, fun and more about economy? In that case you're absolutely right! Oh, and if you want an online poker bonus, just click that link.

[blametheeconomy]

Dow, S&P 500 Notch Third Straight Weekly Gains

source https://www.wsj.com/articles/global-stocks-markets-dow-news-07-28-2023-b422bfb6?mod=rss_markets_main

[blametheeconomy]

Binance's Founder Drew Scrutiny From German Regulator

The financial regulator advised Binance to withdraw its license application over concerns about its founder and the crypto giant’s complicated structure. source https://www.wsj.com/articles/binances-founder-drew-scrutiny-from-german-regulator-2e890a31?mod=rss_markets_main

[blametheeconomy]

Intel Needs to Latch Onto the AI Boom

PC recovery will only get chip maker so far as data center market pivots toward Nvidia. source https://www.wsj.com/articles/intel-needs-to-latch-onto-the-ai-boom-36484994?mod=rss_markets_main

[blametheeconomy]

The Key Number to Watch in U.S. Bank Earnings

Net interest margin, reflecting the spread banks earn between borrowing and lending, will come under pressure this quarter, investors expect. source https://www.wsj.com/articles/us-bank-earnings-key-number-6efbc538?mod=rss_markets_main

[blametheeconomy]

How the Bank of Japan's Shift Could Play Out in U.S. Markets

The Bank of Japan has signaled it would tolerate higher yields on longer-term Japanese government bonds—which could affect investors worldwide.. source https://www.wsj.com/articles/how-the-bank-of-japans-shift-could-play-out-in-u-s-markets-b5d7acf5?mod=rss_markets_main

[blametheeconomy]

Sports-Focused Private-Equity Firm to Invest in PMY Group

Bluestone Equity Partners has taken a minority stake of about $30 million in PMY Group, which does technical designs for major professional-sports venues. source https://www.wsj.com/articles/sports-focused-private-equity-firm-to-invest-in-pmy-group-55a7a150?mod=rss_markets_main

[blametheeconomy]

The Pay Increases Keep Coming

The odds of the Fed standing pat have risen as wage gains have fallen and inflation has cooled even more. source https://www.wsj.com/articles/the-pay-increases-keep-coming-5ef2b799?mod=rss_markets_main

[blametheeconomy]

Exxon, Chevron Remain Payout Gushers

Oil and natural-gas price fluctuations have had remarkably little impact on cash returns to the supermajors’ shareholders. source https://www.wsj.com/articles/exxon-chevron-remain-payout-gushers-f0e6fee1?mod=rss_markets_main

[blametheeconomy]

For Luxury Brands in America, the Easy Pickings Are Over

U.S. shoppers spent much less on designer goods in the second quarter. Was the gold rush the industry experienced during the pandemic a fad? source https://www.wsj.com/articles/for-luxury-brands-in-america-the-easy-pickings-are-over-b15ad047?mod=rss_markets_main

[blametheeconomy]

Goldman Sachs Veteran Julian Salisbury to Join Sixth Street

The asset-management veteran will become co-CIO at $70 billion investment firm. source https://www.wsj.com/articles/goldman-sachs-veteran-julian-salisbury-to-join-sixth-street-13656246?mod=rss_markets_main

[blametheeconomy]

An Exodus of Talent Is Imperiling Goldman's Overhaul

A wave of departures among senior executives could undermine David Solomon’s asset-management strategy. source https://www.wsj.com/articles/an-exodus-of-talent-is-imperiling-goldmans-overhaul-f8225df9?mod=rss_markets_main

[blametheeconomy]

The Stock Market's Free Lunch Has Few Takers

The investing factor behind Warren Buffett’s success is due for a strong run—or is it? source https://www.wsj.com/articles/the-boring-route-to-exciting-stock-returns-is-set-for-a-comeback-867dc89d?mod=rss_markets_main

[blametheeconomy]

Banks Are Halting Stock Buybacks Again as New Capital Rules Loom

Proposed rules were announced Thursday, but banks are still sorting through the details and pausing buybacks. source https://www.wsj.com/articles/banks-stock-buybacks-basel-endgame-50fb9e7c?mod=rss_markets_main

[blametheeconomy]

China's Housing Troubles Derail a Developer's Comeback

The country’s largest surviving developer is again struggling to convince investors that it can weather the storm. source https://www.wsj.com/articles/chinas-housing-troubles-derail-a-developers-comeback-4786300?mod=rss_markets_main

[blametheeconomy]

Dow's Winning Streak Comes to an End

The Dow Jones Industrial Average fell Thursday, ending a streak of 13 consecutive winning sessions that was the second longest on record. source https://www.wsj.com/articles/global-stocks-markets-dow-news-07-27-2023-6fd0fc34?mod=rss_markets_main

[blametheeconomy]

Gucci-Owner Kering Buys Stake in Valentino

The deal is part of a return to big-ticket transactions for the French luxury conglomerate, after an agreement to purchase cologne-maker Creed. source https://www.wsj.com/articles/gucci-owner-kering-buys-stake-in-valentino-b6a1a109?mod=rss_markets_main

[blametheeconomy]

Shell's Shrinking Profit Still Fills Investors' Pockets

Earnings at Europe’s biggest oil company fell 56% in its latest quarter. Energy prices would need to halve to potentially stem the flow of payouts. source https://www.wsj.com/articles/shells-shrinking-profit-still-fills-investors-pockets-ef686196?mod=rss_markets_main