MONDAY, AUGUST 5, 2024
Economy
China, U.S. Consumer Pullback Rings Alarm in Executive Suites
Executives are noticing reduced consumer spending in the U.S. and China, driven by different factors such as a broken housing market and inflation.
TUESDAY, AUGUST 6, 2024
Economy
Global Stocks Dive as Trades Unravel
The unwinding of popular trades led to significant declines in global stock markets, with the Dow Jones Industrial Average dropping over 1,000 points and Japan’s Nikkei 225 experiencing its worst day since 1987.
WEDNESDAY, AUGUST 7, 2024
AI
Shaky AI Startups Look for Bailouts From Big Tech
Several AI startups, struggling to survive, are turning to major tech companies like Amazon, Google, and Microsoft for bailouts through innovative deals that circumvent regulatory scrutiny, effectively resembling acquisitions.
FRIDAY, AUGUST 9, 2024
Stocks
Nasdaq Is Trying To Dump Its Penny Stocks
Nasdaq is proposing rule changes to expedite the removal of companies whose shares trade below $1, in response to criticism for allowing risky penny stocks to remain listed through reverse stock splits.
FRIDAY, AUGUST 9, 2024
Economy
Apartment Loans Are in Bad Shape, Too
The apartment loan market is experiencing rising distress rates, with many loans at risk due to oversupply, flat rents, and the high cost of debt, particularly affecting those who invested heavily during the pandemic.
SATURDAY/SUNDAY, AUGUST 10 - 11, 2024
Economy
Mixed Signals Cloud Economic Forecast
Amid uncertainty over whether the U.S. economy is heading for a soft landing or a recession, consumers and businesses are exhibiting caution in their spending and planning, with companies like Disney noting weakened consumer demand.